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%11.3%
1 years$52,355$51,889$51,434$50,990$50,556$50,280
2 years$25,918$25,436$24,968$24,514$24,074$23,795
3 years$17,107$16,622$16,156$15,707$15,274$15,001
4 years$12,703$12,219$11,757$11,316$10,893$10,629
5 years$10,060$9,580$9,124$8,692$8,281$8,025
6 years$8,300$7,823$7,374$6,951$6,552$6,306
7 years$7,042$6,570$6,128$5,715$5,329$5,092
8 years$6,100$5,631$5,197$4,794$4,421$4,194
9 years$5,367$4,903$4,476$4,083$3,723$3,505
10 years$4,781$4,322$3,902$3,520$3,172$2,964
11 years$4,302$3,848$3,435$3,063$2,728$2,529
12 years$3,904$3,453$3,049$2,687$2,364$2,174
13 years$3,566$3,121$2,724$2,372$2,062$1,880
14 years$3,278$2,837$2,447$2,106$1,807$1,634
15 years$3,027$2,591$2,210$1,878$1,591$1,427
16 years$2,809$2,378$2,003$1,681$1,406$1,250
17 years$2,616$2,190$1,823$1,511$1,247$1,099
18 years$2,445$2,023$1,664$1,362$1,109$968
19 years$2,292$1,875$1,524$1,230$988$855
20 years$2,155$1,743$1,398$1,114$883$757
21 years$2,031$1,623$1,286$1,011$790$671
22 years$1,918$1,515$1,185$919$708$595
23 years$1,815$1,417$1,094$837$636$529
24 years$1,721$1,328$1,012$764$571$471
25 years$1,635$1,246$937$697$514$420
26 years$1,555$1,171$869$638$463$374
27 years$1,481$1,102$807$584$417$334
28 years$1,413$1,038$751$535$377$298
29 years$1,350$980$698$490$340$267
30 years$1,291$925$651$450$307$238
31 years$1,235$875$607$413$278$213
32 years$1,184$828$566$380$251$191
33 years$1,135$784$528$349$227$171
34 years$1,090$743$494$321$206$153
35 years$1,047$705$462$296$187$137
36 years$1,007$669$432$273$169$123
37 years$969$635$404$251$153$110
38 years$933$604$378$231$139$99
39 years$899$574$355$213$126$89
40 years$867$546$332$197$114$80
41 years$836$520$312$182$104$71
42 years$807$495$292$168$94$64
43 years$780$472$274$155$85$57
44 years$753$450$257$143$77$52
45 years$728$429$242$132$70$46
46 years$704$409$227$122$64$42
47 years$682$390$213$113$58$37
48 years$660$373$200$104$53$34
49 years$639$356$188$96$48$30
50 years$619$340$177$89$43$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $634,000, adding $4,711 every year, while hoping to spend $32,304 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: 33/48/19 Blend
53$634,000$634,000$634,000$634,000
54$703,527$669,925$660,098$722,477
55$740,916$668,381$647,840$735,382
56$781,036$665,677$634,089$745,979
57$824,130$661,725$618,761$756,722
58$870,469$656,427$601,766$767,642
59$920,346$649,681$583,015$778,776
60$974,085$641,378$562,409$790,170
61$1,032,040$631,405$539,849$801,875
62$1,094,603$619,639$515,229$813,950
63$1,162,203$605,951$488,438$826,466
64$1,235,309$590,204$459,363$839,503
65$1,314,442$572,255$427,883$853,151
66$1,400,169$551,950$393,871$867,518
67$1,493,118$529,127$357,198$882,724
68$1,593,977$503,615$317,724$898,905
69$1,703,503$475,233$275,309$916,218
70$1,822,529$443,788$229,800$934,840
71$1,951,972$409,079$181,044$954,972
72$2,092,840$370,891$128,875$976,840
73$2,246,242$328,996$73,125$1,000,701
74$2,413,399$283,157$13,615$1,026,843
75$2,595,654$233,121$0$1,055,591
76$2,794,486$178,619$0$1,097,425
77$3,011,523$119,370$0$1,146,243
78$3,248,554$55,075$0$1,199,784
79$3,507,554$0$0$1,258,606
80$3,790,692$0$0$1,331,032
81$4,100,360$0$0$1,442,150
82$4,439,189$0$0$1,563,825
83$4,810,077$0$0$1,697,110
84$5,216,215$0$0$1,843,165
85$5,661,118$0$0$2,003,265
86$6,148,656$0$0$2,178,816
87$6,683,091$0$0$2,371,367
88$7,269,118$0$0$2,582,622
89$7,911,906$0$0$2,814,461
90$8,617,151$0$0$3,068,953
91$9,391,125$0$0$3,348,377
92$10,240,738$0$0$3,655,243
93$11,173,600$0$0$3,992,317
94$12,198,096$0$0$4,362,646
95$13,323,462$0$0$4,769,587
96$14,559,871$0$0$5,216,838
97$15,918,533$0$0$5,708,471
98$17,411,795$0$0$6,248,976
99$19,053,261$0$0$6,843,298
100$20,857,919$0$0$7,496,883