Can I retire at age 54 with 633,000?

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 $633,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$52,273$51,807$51,353$50,909$50,476$49,804
2 years$25,877$25,396$24,928$24,476$24,036$23,360
3 years$17,080$16,596$16,130$15,682$15,250$14,591
4 years$12,683$12,200$11,739$11,298$10,876$10,239
5 years$10,045$9,565$9,110$8,678$8,268$7,655
6 years$8,287$7,811$7,362$6,940$6,542$5,954
7 years$7,031$6,559$6,118$5,706$5,320$4,757
8 years$6,090$5,622$5,188$4,786$4,414$3,876
9 years$5,359$4,895$4,469$4,077$3,717$3,203
10 years$4,774$4,315$3,896$3,514$3,167$2,678
11 years$4,296$3,841$3,430$3,058$2,724$2,258
12 years$3,897$3,448$3,044$2,683$2,360$1,918
13 years$3,561$3,116$2,720$2,368$2,058$1,639
14 years$3,272$2,832$2,444$2,102$1,804$1,407
15 years$3,023$2,587$2,206$1,875$1,589$1,212
16 years$2,804$2,374$2,000$1,679$1,404$1,048
17 years$2,612$2,186$1,820$1,508$1,245$909
18 years$2,441$2,020$1,662$1,359$1,107$791
19 years$2,289$1,872$1,521$1,228$987$689
20 years$2,151$1,740$1,396$1,112$881$601
21 years$2,027$1,621$1,284$1,010$789$525
22 years$1,915$1,513$1,183$918$707$460
23 years$1,812$1,415$1,093$836$635$403
24 years$1,718$1,326$1,011$763$570$353
25 years$1,632$1,244$936$696$513$310
26 years$1,552$1,169$868$637$462$273
27 years$1,479$1,100$806$583$417$240
28 years$1,411$1,037$749$534$376$211
29 years$1,348$978$697$490$340$186
30 years$1,289$924$650$449$307$163
31 years$1,233$873$606$413$277$144
32 years$1,182$826$565$379$251$127
33 years$1,134$782$528$349$227$112
34 years$1,088$742$493$321$206$99
35 years$1,046$703$461$295$186$87
36 years$1,005$668$431$272$169$77
37 years$967$634$403$251$153$68
38 years$932$603$378$231$139$60
39 years$898$573$354$213$126$53
40 years$865$545$332$197$114$46
41 years$835$519$311$181$103$41
42 years$806$494$292$167$94$36
43 years$778$471$274$154$85$32
44 years$752$449$257$143$77$28
45 years$727$428$241$132$70$25
46 years$703$408$227$122$64$22
47 years$680$390$213$112$58$19
48 years$659$372$200$104$53$17
49 years$638$355$188$96$48$15
50 years$618$339$177$89$43$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $633,000, adding $6,343 every year, while hoping to spend $45,833 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: 31/46/23 Blend
53$633,000$633,000$633,000$633,000
54$704,109$670,560$660,748$720,768
55$727,162$654,651$634,117$718,058
56$751,030$636,427$605,058$710,606
57$775,749$615,725$573,441$701,643
58$801,354$592,375$539,130$691,068
59$827,885$566,194$501,984$678,773
60$855,384$536,992$461,855$664,644
61$883,893$504,565$418,587$648,562
62$913,460$468,698$372,020$630,401
63$944,135$429,166$321,984$610,029
64$975,969$385,728$268,303$587,305
65$1,009,020$338,130$210,793$562,083
66$1,043,347$286,106$149,262$534,210
67$1,079,015$229,372$83,509$503,522
68$1,116,092$167,629$13,324$469,849
69$1,154,652$100,561$0$433,013
70$1,194,775$27,837$0$407,937
71$1,236,543$0$0$383,783
72$1,280,049$0$0$382,894
73$1,325,390$0$0$396,670
74$1,372,671$0$0$411,054
75$1,422,005$0$0$426,085
76$1,473,515$0$0$441,801
77$1,527,333$0$0$458,247
78$1,583,602$0$0$475,468
79$1,642,474$0$0$493,516
80$1,704,119$0$0$512,446
81$1,768,715$0$0$532,318
82$1,836,460$0$0$553,195
83$1,907,565$0$0$575,150
84$1,982,263$0$0$598,258
85$2,060,804$0$0$622,603
86$2,143,461$0$0$648,276
87$2,230,532$0$0$675,376
88$2,322,339$0$0$704,011
89$2,419,237$0$0$734,299
90$2,521,608$0$0$766,368
91$2,629,873$0$0$800,358
92$2,744,489$0$0$836,425
93$2,865,956$0$0$874,734
94$2,994,822$0$0$915,471
95$3,131,683$0$0$958,835
96$3,277,192$0$0$1,005,047
97$3,432,065$0$0$1,054,348
98$3,597,083$0$0$1,107,001
99$3,773,105$0$0$1,163,296
100$3,961,068$0$0$1,223,549