Can I retire at age 54 with 629,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $629,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$51,942$51,480$51,028$50,588$50,157$48,513
2 years$25,714$25,235$24,771$24,321$23,884$22,243
3 years$16,972$16,491$16,028$15,583$15,153$13,567
4 years$12,602$12,123$11,665$11,226$10,807$9,288
5 years$9,981$9,505$9,052$8,623$8,216$6,768
6 years$8,234$7,761$7,316$6,896$6,501$5,125
7 years$6,987$6,518$6,079$5,669$5,287$3,983
8 years$6,052$5,587$5,156$4,756$4,386$3,154
9 years$5,325$4,864$4,441$4,051$3,694$2,531
10 years$4,744$4,288$3,871$3,492$3,147$2,052
11 years$4,269$3,817$3,408$3,039$2,707$1,678
12 years$3,873$3,426$3,025$2,666$2,346$1,380
13 years$3,538$3,096$2,702$2,353$2,045$1,141
14 years$3,252$2,814$2,428$2,089$1,793$947
15 years$3,004$2,571$2,192$1,863$1,579$789
16 years$2,787$2,359$1,988$1,668$1,395$659
17 years$2,596$2,172$1,809$1,499$1,237$552
18 years$2,426$2,007$1,651$1,351$1,100$463
19 years$2,274$1,860$1,511$1,221$980$389
20 years$2,138$1,729$1,387$1,105$876$327
21 years$2,015$1,610$1,276$1,003$784$275
22 years$1,903$1,503$1,176$912$702$232
23 years$1,801$1,406$1,086$831$631$196
24 years$1,707$1,317$1,004$758$567$165
25 years$1,622$1,236$930$692$510$139
26 years$1,543$1,162$863$633$459$118
27 years$1,470$1,093$801$579$414$99
28 years$1,402$1,030$745$531$374$84
29 years$1,339$972$693$487$337$71
30 years$1,280$918$645$447$305$60
31 years$1,226$868$602$410$276$51
32 years$1,174$821$561$377$249$43
33 years$1,126$778$524$347$226$36
34 years$1,081$737$490$319$204$31
35 years$1,039$699$458$294$185$26
36 years$999$663$428$270$168$22
37 years$961$630$401$249$152$19
38 years$926$599$375$230$138$16
39 years$892$569$352$212$125$13
40 years$860$542$330$195$113$11
41 years$830$516$309$180$103$10
42 years$801$491$290$166$93$8
43 years$773$468$272$153$85$7
44 years$747$446$255$142$77$6
45 years$722$425$240$131$70$5
46 years$699$406$225$121$63$4
47 years$676$387$212$112$58$4
48 years$655$370$199$103$52$3
49 years$634$353$187$95$47$3
50 years$614$337$176$88$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $629,000, adding $2,246 every year, while hoping to spend $47,294 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 48/32/20 Blend
53$629,000$629,000$629,000$629,000
54$695,475$662,138$652,388$724,828
55$716,093$644,262$623,923$727,605
56$737,229$623,925$592,919$725,663
57$758,885$600,957$559,241$722,564
58$781,065$575,177$522,748$718,219
59$803,766$546,394$483,294$712,535
60$826,989$514,406$440,723$705,410
61$850,730$479,000$394,875$696,738
62$874,983$439,949$345,582$686,405
63$899,741$397,016$292,668$674,292
64$924,992$349,947$235,950$660,270
65$950,723$298,477$175,236$644,204
66$976,918$242,323$110,327$625,947
67$1,003,554$181,188$41,015$605,347
68$1,030,608$114,758$0$582,240
69$1,058,050$42,700$0$563,485
70$1,085,843$0$0$551,660
71$1,113,947$0$0$550,301
72$1,142,314$0$0$564,080
73$1,170,890$0$0$577,930
74$1,199,609$0$0$591,817
75$1,228,401$0$0$605,701
76$1,257,182$0$0$619,536
77$1,285,859$0$0$633,273
78$1,314,324$0$0$646,853
79$1,342,458$0$0$660,211
80$1,370,126$0$0$673,274
81$1,397,173$0$0$685,960
82$1,423,429$0$0$698,176
83$1,448,701$0$0$709,819
84$1,472,774$0$0$720,773
85$1,495,405$0$0$730,909
86$1,516,326$0$0$740,082
87$1,535,235$0$0$748,131
88$1,551,796$0$0$754,877
89$1,565,636$0$0$760,120
90$1,576,337$0$0$763,637
91$1,583,437$0$0$765,182
92$1,586,419$0$0$764,479
93$1,584,712$0$0$761,224
94$1,577,680$0$0$755,078
95$1,564,618$0$0$745,666
96$1,544,743$0$0$732,571
97$1,517,187$0$0$715,333
98$1,480,989$0$0$693,439
99$1,435,084$0$0$666,323
100$1,378,293$0$0$633,360