Can I retire at age 54 with 630,000?

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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$52,025$51,561$51,109$50,668$50,237$48,435
2 years$25,755$25,275$24,810$24,360$23,922$22,127
3 years$16,999$16,518$16,054$15,607$15,177$13,444
4 years$12,622$12,142$11,683$11,244$10,825$9,167
5 years$9,997$9,520$9,067$8,637$8,229$6,651
6 years$8,247$7,773$7,327$6,907$6,511$5,015
7 years$6,998$6,528$6,089$5,678$5,295$3,880
8 years$6,061$5,596$5,164$4,764$4,393$3,057
9 years$5,333$4,872$4,448$4,057$3,699$2,442
10 years$4,751$4,295$3,878$3,498$3,152$1,970
11 years$4,275$3,823$3,414$3,044$2,711$1,602
12 years$3,879$3,432$3,030$2,670$2,349$1,311
13 years$3,544$3,101$2,707$2,357$2,049$1,078
14 years$3,257$2,819$2,432$2,092$1,796$890
15 years$3,008$2,575$2,196$1,866$1,581$737
16 years$2,791$2,363$1,991$1,671$1,397$612
17 years$2,600$2,176$1,812$1,501$1,239$509
18 years$2,430$2,011$1,654$1,353$1,102$425
19 years$2,278$1,863$1,514$1,222$982$355
20 years$2,141$1,732$1,389$1,107$877$296
21 years$2,018$1,613$1,278$1,005$785$248
22 years$1,906$1,506$1,178$914$704$208
23 years$1,804$1,408$1,088$832$632$174
24 years$1,710$1,319$1,006$759$568$146
25 years$1,624$1,238$932$693$511$122
26 years$1,545$1,164$864$634$460$103
27 years$1,472$1,095$802$580$415$86
28 years$1,404$1,032$746$531$374$72
29 years$1,341$973$694$487$338$61
30 years$1,282$919$646$447$305$51
31 years$1,228$869$603$411$276$43
32 years$1,176$822$562$378$250$36
33 years$1,128$779$525$347$226$30
34 years$1,083$738$491$319$205$26
35 years$1,041$700$459$294$185$21
36 years$1,001$664$429$271$168$18
37 years$963$631$402$250$152$15
38 years$927$600$376$230$138$13
39 years$893$570$352$212$125$11
40 years$861$543$330$196$114$9
41 years$831$517$310$180$103$8
42 years$802$492$290$167$93$6
43 years$775$469$273$154$85$5
44 years$749$447$256$142$77$5
45 years$724$426$240$131$70$4
46 years$700$406$226$121$63$3
47 years$677$388$212$112$58$3
48 years$656$370$199$103$52$2
49 years$635$354$187$96$48$2
50 years$615$338$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 $630,000, adding $4,466 every year, while hoping to spend $28,863 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: 51/39/10 Blend
53$630,000$630,000$630,000$630,000
54$698,867$665,477$655,712$732,455
55$739,441$667,375$646,968$757,762
56$783,187$668,399$636,964$781,805
57$830,397$668,475$625,627$807,272
58$881,392$667,526$612,881$834,303
59$936,528$665,469$598,647$863,057
60$996,193$662,215$582,840$893,707
61$1,060,814$657,673$565,374$926,446
62$1,130,861$651,743$546,158$961,488
63$1,206,850$644,320$525,096$999,072
64$1,289,351$635,294$502,089$1,039,461
65$1,378,988$624,547$477,032$1,082,948
66$1,476,449$611,954$449,817$1,129,856
67$1,582,491$597,383$420,330$1,180,546
68$1,697,945$580,695$388,451$1,235,416
69$1,823,727$561,741$354,056$1,294,908
70$1,960,846$540,365$317,016$1,359,509
71$2,110,411$516,402$277,194$1,429,763
72$2,273,643$489,675$234,450$1,506,269
73$2,451,885$460,000$188,635$1,589,692
74$2,646,617$427,180$139,594$1,680,766
75$2,859,469$391,008$87,167$1,780,306
76$3,092,232$351,265$31,184$1,889,212
77$3,346,882$307,719$0$2,008,482
78$3,625,592$260,125$0$2,142,266
79$3,930,756$208,226$0$2,292,484
80$4,265,011$151,746$0$2,457,177
81$4,631,259$90,399$0$2,637,858
82$5,032,698$23,879$0$2,836,198
83$5,472,849$0$0$3,054,045
84$5,955,590$0$0$3,314,098
85$6,485,192$0$0$3,610,703
86$7,066,362$0$0$3,936,258
87$7,704,280$0$0$4,293,673
88$8,404,656$0$0$4,686,155
89$9,173,779$0$0$5,117,238
90$10,018,575$0$0$5,590,814
91$10,946,676$0$0$6,111,171
92$11,966,490$0$0$6,683,033
93$13,087,276$0$0$7,311,602
94$14,319,239$0$0$8,002,614
95$15,673,620$0$0$8,762,382
96$17,162,803$0$0$9,597,868
97$18,800,432$0$0$10,516,738
98$20,601,541$0$0$11,527,438
99$22,582,693$0$0$12,639,277
100$24,762,135$0$0$13,862,509