Can I retire at age 54 with 630,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
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%18.5%
1 years$52,025$51,561$51,109$50,668$50,237$48,513
2 years$25,755$25,275$24,810$24,360$23,922$22,203
3 years$16,999$16,518$16,054$15,607$15,177$13,516
4 years$12,622$12,142$11,683$11,244$10,825$9,235
5 years$9,997$9,520$9,067$8,637$8,229$6,714
6 years$8,247$7,773$7,327$6,907$6,511$5,074
7 years$6,998$6,528$6,089$5,678$5,295$3,934
8 years$6,061$5,596$5,164$4,764$4,393$3,107
9 years$5,333$4,872$4,448$4,057$3,699$2,488
10 years$4,751$4,295$3,878$3,498$3,152$2,012
11 years$4,275$3,823$3,414$3,044$2,711$1,641
12 years$3,879$3,432$3,030$2,670$2,349$1,346
13 years$3,544$3,101$2,707$2,357$2,049$1,110
14 years$3,257$2,819$2,432$2,092$1,796$919
15 years$3,008$2,575$2,196$1,866$1,581$763
16 years$2,791$2,363$1,991$1,671$1,397$636
17 years$2,600$2,176$1,812$1,501$1,239$531
18 years$2,430$2,011$1,654$1,353$1,102$444
19 years$2,278$1,863$1,514$1,222$982$372
20 years$2,141$1,732$1,389$1,107$877$312
21 years$2,018$1,613$1,278$1,005$785$261
22 years$1,906$1,506$1,178$914$704$220
23 years$1,804$1,408$1,088$832$632$185
24 years$1,710$1,319$1,006$759$568$155
25 years$1,624$1,238$932$693$511$131
26 years$1,545$1,164$864$634$460$110
27 years$1,472$1,095$802$580$415$93
28 years$1,404$1,032$746$531$374$78
29 years$1,341$973$694$487$338$66
30 years$1,282$919$646$447$305$55
31 years$1,228$869$603$411$276$47
32 years$1,176$822$562$378$250$39
33 years$1,128$779$525$347$226$33
34 years$1,083$738$491$319$205$28
35 years$1,041$700$459$294$185$24
36 years$1,001$664$429$271$168$20
37 years$963$631$402$250$152$17
38 years$927$600$376$230$138$14
39 years$893$570$352$212$125$12
40 years$861$543$330$196$114$10
41 years$831$517$310$180$103$9
42 years$802$492$290$167$93$7
43 years$775$469$273$154$85$6
44 years$749$447$256$142$77$5
45 years$724$426$240$131$70$4
46 years$700$406$226$121$63$4
47 years$677$388$212$112$58$3
48 years$656$370$199$103$52$3
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 $3,326 every year, while hoping to spend $44,113 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: 49/42/9 Blend
53$630,000$630,000$630,000$630,000
54$697,691$664,301$654,536$730,046
55$721,919$649,916$629,527$738,171
56$747,141$633,347$602,202$742,057
57$773,410$614,442$572,436$745,256
58$800,785$593,037$540,100$747,715
59$829,330$568,960$505,058$749,382
60$859,113$542,031$467,169$750,198
61$890,207$512,055$426,284$750,105
62$922,691$478,829$382,248$749,043
63$956,653$442,139$334,900$746,947
64$992,183$401,755$284,071$743,753
65$1,029,383$357,439$229,585$739,391
66$1,068,362$308,935$171,257$733,791
67$1,109,237$255,974$108,896$726,882
68$1,152,135$198,274$42,301$718,588
69$1,197,197$135,533$0$708,834
70$1,244,573$67,436$0$700,302
71$1,294,427$0$0$694,667
72$1,346,937$0$0$690,738
73$1,402,299$0$0$719,480
74$1,460,724$0$0$749,839
75$1,522,443$0$0$781,940
76$1,587,708$0$0$815,917
77$1,656,794$0$0$851,918
78$1,730,002$0$0$890,103
79$1,807,660$0$0$930,649
80$1,890,127$0$0$973,748
81$1,977,795$0$0$1,019,610
82$2,071,094$0$0$1,068,466
83$2,170,493$0$0$1,120,569
84$2,276,508$0$0$1,176,194
85$2,389,702$0$0$1,235,645
86$2,510,694$0$0$1,299,253
87$2,640,159$0$0$1,367,383
88$2,778,841$0$0$1,440,434
89$2,927,555$0$0$1,518,843
90$3,087,193$0$0$1,603,093
91$3,258,737$0$0$1,693,709
92$3,443,263$0$0$1,791,272
93$3,641,952$0$0$1,896,418
94$3,856,104$0$0$2,009,845
95$4,087,143$0$0$2,132,322
96$4,336,636$0$0$2,264,692
97$4,606,305$0$0$2,407,881
98$4,898,040$0$0$2,562,911
99$5,213,923$0$0$2,730,900
100$5,556,238$0$0$2,913,081