Can I retire at age 54 with 631,000?

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 $631,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$52,107$51,643$51,190$50,748$50,317$49,916
2 years$25,796$25,315$24,850$24,398$23,960$23,556
3 years$17,026$16,544$16,079$15,632$15,201$14,807
4 years$12,642$12,161$11,702$11,262$10,842$10,459
5 years$10,013$9,535$9,081$8,650$8,242$7,873
6 years$8,260$7,786$7,339$6,918$6,521$6,166
7 years$7,009$6,539$6,099$5,687$5,304$4,963
8 years$6,071$5,605$5,172$4,771$4,400$4,073
9 years$5,342$4,880$4,455$4,064$3,705$3,393
10 years$4,759$4,301$3,884$3,503$3,157$2,858
11 years$4,282$3,829$3,419$3,049$2,715$2,430
12 years$3,885$3,437$3,034$2,674$2,353$2,081
13 years$3,549$3,106$2,711$2,361$2,052$1,793
14 years$3,262$2,823$2,436$2,096$1,799$1,552
15 years$3,013$2,579$2,199$1,869$1,584$1,350
16 years$2,796$2,366$1,994$1,674$1,400$1,178
17 years$2,604$2,179$1,814$1,504$1,241$1,031
18 years$2,434$2,014$1,656$1,355$1,103$904
19 years$2,281$1,866$1,516$1,224$984$795
20 years$2,145$1,734$1,392$1,109$879$701
21 years$2,021$1,615$1,280$1,006$786$619
22 years$1,909$1,508$1,180$915$705$547
23 years$1,806$1,410$1,089$833$633$484
24 years$1,713$1,321$1,007$760$569$429
25 years$1,627$1,240$933$694$512$380
26 years$1,548$1,165$865$635$461$337
27 years$1,474$1,097$804$581$415$300
28 years$1,406$1,034$747$532$375$266
29 years$1,343$975$695$488$339$237
30 years$1,284$921$648$448$306$211
31 years$1,230$870$604$411$277$188
32 years$1,178$824$563$378$250$167
33 years$1,130$780$526$348$226$149
34 years$1,085$739$491$320$205$133
35 years$1,042$701$459$295$186$118
36 years$1,002$666$430$271$168$106
37 years$964$632$402$250$152$94
38 years$929$601$377$230$138$84
39 years$895$571$353$212$125$75
40 years$863$543$331$196$114$67
41 years$832$517$310$181$103$60
42 years$803$493$291$167$94$53
43 years$776$469$273$154$85$48
44 years$750$447$256$142$77$42
45 years$725$427$241$131$70$38
46 years$701$407$226$121$64$34
47 years$678$388$212$112$58$30
48 years$657$371$200$104$52$27
49 years$636$354$188$96$48$24
50 years$616$338$176$88$43$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $631,000, adding $4,673 every year, while hoping to spend $37,175 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: 41/36/23 Blend
53$631,000$631,000$631,000$631,000
54$700,182$666,739$656,959$723,982
55$732,047$659,856$639,413$734,590
56$765,916$651,389$620,033$742,172
57$801,954$641,222$598,719$749,635
58$840,343$629,231$575,366$756,989
59$881,280$615,285$549,862$764,248
60$924,981$599,245$522,094$771,431
61$971,686$580,964$491,941$778,559
62$1,021,653$560,287$459,276$785,663
63$1,075,170$537,049$423,970$792,779
64$1,132,548$511,075$385,883$799,948
65$1,194,131$482,181$344,874$807,224
66$1,260,297$450,173$300,792$814,667
67$1,331,459$414,843$253,480$822,350
68$1,408,073$375,975$202,776$830,356
69$1,490,636$333,338$148,509$838,783
70$1,579,697$286,688$90,501$847,746
71$1,675,859$235,768$28,565$857,375
72$1,779,782$180,306$0$867,821
73$1,892,195$120,016$0$888,466
74$2,013,896$54,594$0$918,376
75$2,145,765$0$0$950,809
76$2,288,768$0$0$992,523
77$2,443,967$0$0$1,061,335
78$2,612,531$0$0$1,136,145
79$2,795,747$0$0$1,217,531
80$2,995,027$0$0$1,306,132
81$3,211,929$0$0$1,402,650
82$3,448,164$0$0$1,507,856
83$3,705,617$0$0$1,622,600
84$3,986,360$0$0$1,747,818
85$4,292,677$0$0$1,884,539
86$4,627,079$0$0$2,033,897
87$4,992,331$0$0$2,197,139
88$5,391,478$0$0$2,375,639
89$5,827,870$0$0$2,570,909
90$6,305,197$0$0$2,784,614
91$6,827,523$0$0$3,018,589
92$7,399,321$0$0$3,274,853
93$8,025,517$0$0$3,555,629
94$8,711,537$0$0$3,863,367
95$9,463,354$0$0$4,200,763
96$10,287,548$0$0$4,570,789
97$11,191,366$0$0$4,976,717
98$12,182,791$0$0$5,422,149
99$13,270,612$0$0$5,911,057
100$14,464,515$0$0$6,447,813