Can I retire at age 54 with 608,000?

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 $608,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$50,208$49,761$49,325$48,899$48,483$47,976
2 years$24,855$24,393$23,944$23,509$23,087$22,577
3 years$16,406$15,941$15,493$15,062$14,647$14,150
4 years$12,182$11,718$11,275$10,852$10,447$9,965
5 years$9,648$9,187$8,750$8,335$7,941$7,477
6 years$7,959$7,502$7,071$6,666$6,284$5,838
7 years$6,754$6,300$5,876$5,480$5,110$4,683
8 years$5,850$5,400$4,984$4,597$4,240$3,830
9 years$5,147$4,702$4,292$3,916$3,570$3,179
10 years$4,585$4,145$3,742$3,375$3,042$2,669
11 years$4,126$3,690$3,295$2,938$2,616$2,260
12 years$3,743$3,312$2,924$2,577$2,267$1,928
13 years$3,420$2,993$2,612$2,275$1,977$1,655
14 years$3,143$2,720$2,347$2,019$1,733$1,427
15 years$2,903$2,485$2,119$1,801$1,526$1,236
16 years$2,694$2,280$1,921$1,613$1,349$1,074
17 years$2,509$2,100$1,748$1,449$1,196$936
18 years$2,345$1,940$1,596$1,306$1,063$818
19 years$2,198$1,798$1,461$1,180$948$716
20 years$2,066$1,671$1,341$1,069$846$628
21 years$1,947$1,557$1,233$970$758$552
22 years$1,839$1,453$1,137$882$679$486
23 years$1,741$1,359$1,050$803$610$428
24 years$1,650$1,273$971$732$548$377
25 years$1,568$1,195$899$669$493$333
26 years$1,491$1,123$834$612$444$294
27 years$1,421$1,057$774$560$400$260
28 years$1,355$996$720$513$361$230
29 years$1,294$939$670$470$326$204
30 years$1,238$887$624$432$295$180
31 years$1,185$839$582$396$266$160
32 years$1,135$794$543$364$241$142
33 years$1,089$752$507$335$218$126
34 years$1,045$712$473$308$198$111
35 years$1,004$676$443$284$179$99
36 years$966$641$414$261$162$88
37 years$929$609$388$241$147$78
38 years$895$579$363$222$133$69
39 years$862$550$340$205$121$61
40 years$831$524$319$189$110$54
41 years$802$498$299$174$99$48
42 years$774$475$280$161$90$43
43 years$748$452$263$148$82$38
44 years$722$431$247$137$74$34
45 years$698$411$232$127$67$30
46 years$675$392$218$117$61$27
47 years$654$374$205$108$56$24
48 years$633$357$192$100$50$21
49 years$613$341$181$92$46$19
50 years$594$326$170$85$42$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $608,000, adding $4,248 every year, while hoping to spend $52,871 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: 66/24/10 Blend
53$608,000$608,000$608,000$608,000
54$674,398$642,174$632,750$717,210
55$686,932$617,386$597,693$721,461
56$698,973$589,612$559,689$719,444
57$710,414$558,648$518,584$715,873
58$721,136$524,283$474,217$710,590
59$731,008$486,288$426,419$703,425
60$739,880$444,426$375,014$694,191
61$747,588$398,443$319,817$682,687
62$753,948$348,072$260,637$668,691
63$758,755$293,032$197,272$651,963
64$761,782$233,024$129,514$632,240
65$762,774$167,733$57,144$609,238
66$761,451$96,826$0$582,644
67$757,501$19,952$0$554,261
68$750,577$0$0$528,222
69$740,295$0$0$514,751
70$726,228$0$0$503,775
71$707,905$0$0$489,679
72$684,803$0$0$472,082
73$656,342$0$0$450,563
74$621,881$0$0$424,655
75$580,711$0$0$393,840
76$532,046$0$0$357,546
77$475,019$0$0$315,142
78$408,669$0$0$265,929
79$331,935$0$0$209,133
80$243,645$0$0$143,900
81$142,500$0$0$69,287
82$27,071$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$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