Can I retire at age 54 with 632,000?

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 $632,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$52,190$51,725$51,272$50,829$50,397$49,623
2 years$25,837$25,355$24,889$24,437$23,998$23,221
3 years$17,053$16,570$16,105$15,657$15,226$14,468
4 years$12,663$12,181$11,720$11,280$10,859$10,128
5 years$10,029$9,550$9,095$8,664$8,255$7,552
6 years$8,273$7,798$7,350$6,929$6,532$5,858
7 years$7,020$6,549$6,108$5,697$5,312$4,667
8 years$6,081$5,614$5,180$4,779$4,407$3,791
9 years$5,350$4,888$4,462$4,070$3,711$3,125
10 years$4,766$4,308$3,890$3,509$3,162$2,604
11 years$4,289$3,835$3,425$3,054$2,720$2,189
12 years$3,891$3,442$3,039$2,678$2,357$1,853
13 years$3,555$3,111$2,715$2,365$2,055$1,578
14 years$3,267$2,828$2,440$2,099$1,801$1,350
15 years$3,018$2,583$2,203$1,872$1,586$1,160
16 years$2,800$2,370$1,997$1,676$1,402$1,000
17 years$2,608$2,183$1,817$1,506$1,243$864
18 years$2,437$2,017$1,659$1,357$1,105$748
19 years$2,285$1,869$1,519$1,226$985$650
20 years$2,148$1,737$1,394$1,111$880$565
21 years$2,024$1,618$1,282$1,008$787$492
22 years$1,912$1,510$1,182$917$706$429
23 years$1,809$1,413$1,091$835$634$374
24 years$1,716$1,323$1,009$761$569$327
25 years$1,629$1,242$935$695$512$286
26 years$1,550$1,167$867$636$462$250
27 years$1,477$1,099$805$582$416$219
28 years$1,409$1,035$748$533$376$192
29 years$1,345$977$696$489$339$168
30 years$1,286$922$649$449$306$148
31 years$1,231$872$605$412$277$129
32 years$1,180$825$564$379$251$114
33 years$1,132$781$527$348$227$100
34 years$1,087$740$492$320$205$88
35 years$1,044$702$460$295$186$77
36 years$1,004$667$430$272$168$68
37 years$966$633$403$250$153$59
38 years$930$602$377$231$138$52
39 years$896$572$353$213$126$46
40 years$864$544$331$196$114$40
41 years$834$518$311$181$103$35
42 years$805$493$291$167$94$31
43 years$777$470$273$154$85$27
44 years$751$448$257$142$77$24
45 years$726$427$241$132$70$21
46 years$702$408$226$121$64$19
47 years$679$389$213$112$58$16
48 years$658$371$200$104$52$14
49 years$637$355$188$96$48$13
50 years$617$339$177$89$43$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $632,000, adding $4,665 every year, while hoping to spend $28,174 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: 60/22/18 Blend
53$632,000$632,000$632,000$632,000
54$701,276$667,780$657,984$739,823
55$742,829$670,524$650,049$769,169
56$787,677$672,459$640,905$797,641
57$836,124$673,514$630,480$828,055
58$888,509$673,616$618,701$860,603
59$945,201$672,687$605,491$895,496
60$1,006,606$670,644$590,770$932,971
61$1,073,172$667,397$574,453$973,286
62$1,145,390$662,854$556,452$1,016,728
63$1,223,801$656,916$536,675$1,063,615
64$1,309,000$649,476$515,024$1,114,299
65$1,401,642$640,423$491,401$1,169,166
66$1,502,444$629,639$465,698$1,228,647
67$1,612,201$616,999$437,806$1,293,216
68$1,731,782$602,369$407,610$1,363,397
69$1,862,148$585,609$374,989$1,439,768
70$2,004,354$566,570$339,817$1,522,971
71$2,159,560$545,095$301,963$1,613,713
72$2,329,047$521,016$261,291$1,712,776
73$2,514,222$494,158$217,656$1,821,022
74$2,716,634$464,333$170,909$1,939,407
75$2,937,990$431,345$120,894$2,068,983
76$3,180,168$394,984$67,447$2,210,914
77$3,445,238$355,031$10,399$2,366,487
78$3,735,477$311,251$0$2,537,119
79$4,053,392$263,400$0$2,734,074
80$4,401,748$211,216$0$2,952,149
81$4,783,585$154,425$0$3,191,292
82$5,202,255$92,736$0$3,453,652
83$5,661,448$25,842$0$3,741,597
84$6,165,228$0$0$4,057,739
85$6,718,072$0$0$4,416,238
86$7,324,913$0$0$4,816,669
87$7,991,181$0$0$5,256,369
88$8,722,861$0$0$5,739,293
89$9,526,545$0$0$6,269,799
90$10,409,494$0$0$6,852,686
91$11,379,708$0$0$7,493,244
92$12,446,000$0$0$8,197,299
93$13,618,079$0$0$8,971,270
94$14,906,641$0$0$9,822,228
95$16,323,472$0$0$10,757,964
96$17,881,554$0$0$11,787,062
97$19,595,193$0$0$12,918,979
98$21,480,149$0$0$14,164,135
99$23,553,788$0$0$15,534,011
100$25,835,242$0$0$17,041,256