Can I retire at age 54 with 631,000?

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 $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%19.8%
1 years$52,107$51,643$51,190$50,748$50,317$48,340
2 years$25,796$25,315$24,850$24,398$23,960$21,993
3 years$17,026$16,544$16,079$15,632$15,201$13,305
4 years$12,642$12,161$11,702$11,262$10,842$9,031
5 years$10,013$9,535$9,081$8,650$8,242$6,521
6 years$8,260$7,786$7,339$6,918$6,521$4,893
7 years$7,009$6,539$6,099$5,687$5,304$3,766
8 years$6,071$5,605$5,172$4,771$4,400$2,952
9 years$5,342$4,880$4,455$4,064$3,705$2,344
10 years$4,759$4,301$3,884$3,503$3,157$1,881
11 years$4,282$3,829$3,419$3,049$2,715$1,520
12 years$3,885$3,437$3,034$2,674$2,353$1,237
13 years$3,549$3,106$2,711$2,361$2,052$1,011
14 years$3,262$2,823$2,436$2,096$1,799$829
15 years$3,013$2,579$2,199$1,869$1,584$682
16 years$2,796$2,366$1,994$1,674$1,400$563
17 years$2,604$2,179$1,814$1,504$1,241$465
18 years$2,434$2,014$1,656$1,355$1,103$385
19 years$2,281$1,866$1,516$1,224$984$320
20 years$2,145$1,734$1,392$1,109$879$265
21 years$2,021$1,615$1,280$1,006$786$220
22 years$1,909$1,508$1,180$915$705$183
23 years$1,806$1,410$1,089$833$633$153
24 years$1,713$1,321$1,007$760$569$127
25 years$1,627$1,240$933$694$512$106
26 years$1,548$1,165$865$635$461$88
27 years$1,474$1,097$804$581$415$73
28 years$1,406$1,034$747$532$375$61
29 years$1,343$975$695$488$339$51
30 years$1,284$921$648$448$306$43
31 years$1,230$870$604$411$277$36
32 years$1,178$824$563$378$250$30
33 years$1,130$780$526$348$226$25
34 years$1,085$739$491$320$205$21
35 years$1,042$701$459$295$186$17
36 years$1,002$666$430$271$168$14
37 years$964$632$402$250$152$12
38 years$929$601$377$230$138$10
39 years$895$571$353$212$125$8
40 years$863$543$331$196$114$7
41 years$832$517$310$181$103$6
42 years$803$493$291$167$94$5
43 years$776$469$273$154$85$4
44 years$750$447$256$142$77$3
45 years$725$427$241$131$70$3
46 years$701$407$226$121$64$2
47 years$678$388$212$112$58$2
48 years$657$371$200$104$52$2
49 years$636$354$188$96$48$1
50 years$616$338$176$88$43$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $631,000, adding $2,913 every year, while hoping to spend $32,077 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: 42/42/16 Blend
53$631,000$631,000$631,000$631,000
54$698,367$664,924$655,143$724,312
55$735,470$663,375$642,961$741,343
56$775,284$660,676$629,295$756,395
57$818,049$656,735$614,063$772,009
58$864,032$651,458$597,176$788,253
59$913,526$644,742$578,544$805,202
60$966,851$636,479$558,071$822,941
61$1,024,360$626,557$535,656$841,567
62$1,086,440$614,853$511,196$861,188
63$1,153,516$601,240$484,580$881,926
64$1,226,056$585,583$455,695$903,921
65$1,304,574$567,736$424,421$927,325
66$1,389,635$547,550$390,633$952,315
67$1,481,859$524,862$354,202$979,084
68$1,581,931$499,502$314,990$1,007,851
69$1,690,601$471,291$272,855$1,038,862
70$1,808,696$440,038$227,649$1,072,391
71$1,937,125$405,541$179,217$1,108,743
72$2,076,888$367,589$127,397$1,148,262
73$2,229,085$325,955$72,019$1,191,330
74$2,394,927$280,402$12,907$1,238,373
75$2,575,747$230,679$0$1,289,868
76$2,773,011$176,521$0$1,354,910
77$2,988,335$117,647$0$1,428,433
78$3,223,495$53,761$0$1,508,922
79$3,480,447$0$0$1,597,145
80$3,761,345$0$0$1,701,093
81$4,068,560$0$0$1,842,031
82$4,404,703$0$0$1,996,318
83$4,772,649$0$0$2,165,284
84$5,175,563$0$0$2,350,392
85$5,616,932$0$0$2,553,256
86$6,100,595$0$0$2,775,650
87$6,630,779$0$0$3,019,530
88$7,212,142$0$0$3,287,050
89$7,849,812$0$0$3,580,582
90$8,549,439$0$0$3,902,740
91$9,317,244$0$0$4,256,401
92$10,160,081$0$0$4,644,736
93$11,085,502$0$0$5,071,238
94$12,101,821$0$0$5,539,755
95$13,218,202$0$0$6,054,525
96$14,444,736$0$0$6,620,217
97$15,792,542$0$0$7,241,976
98$17,273,870$0$0$7,925,469
99$18,902,213$0$0$8,676,940
100$20,692,439$0$0$9,503,268