Can I retire at age 54 with 634,000?

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 $634,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$52,355$51,889$51,434$50,990$50,556$49,515
2 years$25,918$25,436$24,968$24,514$24,074$23,030
3 years$17,107$16,622$16,156$15,707$15,274$14,259
4 years$12,703$12,219$11,757$11,316$10,893$9,916
5 years$10,060$9,580$9,124$8,692$8,281$7,344
6 years$8,300$7,823$7,374$6,951$6,552$5,656
7 years$7,042$6,570$6,128$5,715$5,329$4,474
8 years$6,100$5,631$5,197$4,794$4,421$3,607
9 years$5,367$4,903$4,476$4,083$3,723$2,950
10 years$4,781$4,322$3,902$3,520$3,172$2,439
11 years$4,302$3,848$3,435$3,063$2,728$2,034
12 years$3,904$3,453$3,049$2,687$2,364$1,707
13 years$3,566$3,121$2,724$2,372$2,062$1,441
14 years$3,278$2,837$2,447$2,106$1,807$1,222
15 years$3,027$2,591$2,210$1,878$1,591$1,041
16 years$2,809$2,378$2,003$1,681$1,406$889
17 years$2,616$2,190$1,823$1,511$1,247$761
18 years$2,445$2,023$1,664$1,362$1,109$653
19 years$2,292$1,875$1,524$1,230$988$561
20 years$2,155$1,743$1,398$1,114$883$483
21 years$2,031$1,623$1,286$1,011$790$417
22 years$1,918$1,515$1,185$919$708$360
23 years$1,815$1,417$1,094$837$636$311
24 years$1,721$1,328$1,012$764$571$269
25 years$1,635$1,246$937$697$514$233
26 years$1,555$1,171$869$638$463$202
27 years$1,481$1,102$807$584$417$175
28 years$1,413$1,038$751$535$377$151
29 years$1,350$980$698$490$340$131
30 years$1,291$925$651$450$307$114
31 years$1,235$875$607$413$278$99
32 years$1,184$828$566$380$251$86
33 years$1,135$784$528$349$227$74
34 years$1,090$743$494$321$206$65
35 years$1,047$705$462$296$187$56
36 years$1,007$669$432$273$169$49
37 years$969$635$404$251$153$42
38 years$933$604$378$231$139$37
39 years$899$574$355$213$126$32
40 years$867$546$332$197$114$28
41 years$836$520$312$182$104$24
42 years$807$495$292$168$94$21
43 years$780$472$274$155$85$18
44 years$753$450$257$143$77$16
45 years$728$429$242$132$70$14
46 years$704$409$227$122$64$12
47 years$682$390$213$113$58$10
48 years$660$373$200$104$53$9
49 years$639$356$188$96$48$8
50 years$619$340$177$89$43$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $634,000, adding $5,912 every year, while hoping to spend $31,312 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: 47/48/5 Blend
53$634,000$634,000$634,000$634,000
54$704,766$671,164$661,337$736,700
55$743,337$670,736$650,176$758,767
56$784,792$669,236$637,592$778,910
57$829,393$666,581$623,504$800,025
58$877,427$662,680$607,827$822,210
59$929,208$657,435$590,473$845,577
60$985,083$650,745$571,350$870,247
61$1,045,432$642,502$550,360$896,358
62$1,110,673$632,591$527,404$924,065
63$1,181,264$620,890$502,374$953,537
64$1,257,710$607,271$475,161$984,967
65$1,340,567$591,598$445,649$1,018,566
66$1,430,443$573,725$413,718$1,054,572
67$1,528,012$553,501$379,240$1,093,249
68$1,634,009$530,762$342,085$1,134,892
69$1,749,248$505,340$302,114$1,179,827
70$1,874,621$477,051$259,185$1,228,419
71$2,011,111$445,705$213,146$1,281,073
72$2,159,799$411,099$163,842$1,338,238
73$2,321,875$373,020$111,107$1,400,415
74$2,498,650$331,241$54,772$1,468,160
75$2,691,563$285,523$0$1,542,089
76$2,902,202$235,613$0$1,623,174
77$3,132,313$181,245$0$1,715,025
78$3,383,820$122,137$0$1,815,573
79$3,658,838$57,990$0$1,925,763
80$3,959,700$0$0$2,046,645
81$4,288,970$0$0$2,185,458
82$4,649,476$0$0$2,371,045
83$5,044,328$0$0$2,574,387
84$5,476,955$0$0$2,797,256
85$5,951,129$0$0$3,041,606
86$6,471,009$0$0$3,309,590
87$7,041,172$0$0$3,603,577
88$7,666,659$0$0$3,926,177
89$8,353,027$0$0$4,280,266
90$9,106,391$0$0$4,669,012
91$9,933,491$0$0$5,095,902
92$10,841,751$0$0$5,564,781
93$11,839,346$0$0$6,079,882
94$12,935,286$0$0$6,645,869
95$14,139,494$0$0$7,267,881
96$15,462,903$0$0$7,951,578
97$16,917,557$0$0$8,703,197
98$18,516,725$0$0$9,529,609
99$20,275,025$0$0$10,438,383
100$22,208,565$0$0$11,437,861