Can I retire at age 54 with 604,000?

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 $604,000?

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%
1 years$49,878$49,433$49,000$48,577$48,164$47,153
2 years$24,692$24,232$23,786$23,354$22,935$21,921
3 years$16,298$15,836$15,391$14,963$14,551$13,566
4 years$12,102$11,641$11,201$10,780$10,378$9,429
5 years$9,584$9,127$8,692$8,280$7,889$6,980
6 years$7,907$7,453$7,025$6,622$6,242$5,373
7 years$6,709$6,259$5,838$5,444$5,077$4,248
8 years$5,811$5,365$4,951$4,567$4,212$3,423
9 years$5,113$4,671$4,264$3,890$3,547$2,797
10 years$4,555$4,117$3,718$3,353$3,022$2,311
11 years$4,099$3,665$3,273$2,918$2,599$1,926
12 years$3,719$3,290$2,905$2,560$2,252$1,616
13 years$3,398$2,973$2,595$2,260$1,964$1,363
14 years$3,122$2,702$2,332$2,006$1,722$1,155
15 years$2,884$2,469$2,105$1,789$1,516$983
16 years$2,676$2,265$1,909$1,602$1,340$839
17 years$2,492$2,086$1,737$1,439$1,188$718
18 years$2,329$1,928$1,585$1,297$1,056$615
19 years$2,184$1,786$1,451$1,172$941$529
20 years$2,053$1,660$1,332$1,062$841$455
21 years$1,934$1,546$1,225$963$753$392
22 years$1,827$1,443$1,129$876$675$338
23 years$1,729$1,350$1,043$798$606$292
24 years$1,640$1,265$964$728$544$252
25 years$1,557$1,187$893$664$490$218
26 years$1,481$1,116$828$608$441$189
27 years$1,411$1,050$769$556$398$163
28 years$1,346$989$715$510$359$142
29 years$1,286$933$665$467$324$123
30 years$1,229$881$620$429$293$106
31 years$1,177$833$578$394$265$92
32 years$1,128$788$539$362$239$80
33 years$1,082$747$503$333$217$69
34 years$1,038$708$470$306$196$60
35 years$998$671$440$282$178$52
36 years$959$637$411$260$161$45
37 years$923$605$385$239$146$39
38 years$889$575$361$220$132$34
39 years$856$547$338$203$120$30
40 years$826$520$317$188$109$26
41 years$797$495$297$173$99$22
42 years$769$472$278$160$90$19
43 years$743$449$261$147$81$17
44 years$718$428$245$136$74$15
45 years$694$408$230$126$67$13
46 years$671$390$216$116$61$11
47 years$649$372$203$107$55$10
48 years$629$355$191$99$50$8
49 years$609$339$180$92$46$7
50 years$590$324$169$85$41$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $604,000, adding $6,951 every year, while hoping to spend $47,688 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: 56/14/30 Blend
53$604,000$604,000$604,000$604,000
54$672,778$640,766$631,404$704,524
55$690,662$621,424$601,816$707,833
56$708,771$599,536$569,639$705,936
57$727,079$574,926$534,736$702,920
58$745,554$547,410$496,962$698,695
59$764,159$516,792$456,169$693,162
60$782,853$482,864$412,200$686,216
61$801,587$445,408$364,891$677,747
62$820,306$404,190$314,073$667,632
63$838,949$358,967$259,566$655,743
64$857,446$309,480$201,185$641,940
65$875,716$255,455$138,735$626,075
66$893,670$196,604$72,014$607,986
67$911,207$132,620$809$587,501
68$928,214$63,183$0$564,435
69$944,564$0$0$562,653
70$960,114$0$0$561,571
71$974,705$0$0$569,601
72$988,160$0$0$576,899
73$1,000,279$0$0$583,341
74$1,010,840$0$0$588,789
75$1,019,598$0$0$593,090
76$1,026,277$0$0$596,074
77$1,030,572$0$0$597,551
78$1,032,143$0$0$597,310
79$1,030,612$0$0$595,116
80$1,025,561$0$0$590,711
81$1,016,524$0$0$583,805
82$1,002,985$0$0$574,079
83$984,373$0$0$561,180
84$960,053$0$0$544,713
85$929,324$0$0$524,246
86$891,409$0$0$499,295
87$845,445$0$0$469,330
88$790,481$0$0$433,759
89$725,463$0$0$391,933
90$649,226$0$0$343,128
91$560,479$0$0$286,549
92$457,800$0$0$221,314
93$339,611$0$0$146,450
94$204,174$0$0$60,880
95$49,564$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0