Can I retire at age 54 with 610,000?

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 $610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$50,373$49,925$49,487$49,059$48,642$46,749
2 years$24,937$24,473$24,023$23,586$23,163$21,279
3 years$16,460$15,993$15,544$15,112$14,696$12,879
4 years$12,222$11,757$11,312$10,887$10,481$8,747
5 years$9,680$9,217$8,779$8,363$7,967$6,319
6 years$7,985$7,527$7,095$6,688$6,304$4,744
7 years$6,776$6,321$5,896$5,498$5,127$3,653
8 years$5,869$5,418$5,000$4,612$4,253$2,865
9 years$5,164$4,718$4,306$3,929$3,582$2,277
10 years$4,600$4,158$3,754$3,387$3,052$1,828
11 years$4,140$3,702$3,305$2,947$2,625$1,479
12 years$3,756$3,323$2,933$2,585$2,275$1,204
13 years$3,431$3,003$2,621$2,282$1,984$984
14 years$3,153$2,729$2,355$2,026$1,739$808
15 years$2,913$2,493$2,126$1,807$1,531$665
16 years$2,703$2,288$1,928$1,618$1,353$549
17 years$2,517$2,107$1,754$1,454$1,200$455
18 years$2,353$1,947$1,601$1,310$1,067$377
19 years$2,205$1,804$1,466$1,184$951$313
20 years$2,073$1,677$1,345$1,072$849$260
21 years$1,954$1,562$1,237$973$760$216
22 years$1,845$1,458$1,140$885$681$180
23 years$1,746$1,363$1,053$806$612$150
24 years$1,656$1,277$974$735$550$125
25 years$1,573$1,199$902$671$495$104
26 years$1,496$1,127$837$614$446$87
27 years$1,425$1,060$777$562$402$72
28 years$1,360$999$722$515$362$60
29 years$1,299$943$672$472$327$50
30 years$1,242$890$626$433$296$42
31 years$1,189$841$584$398$267$35
32 years$1,139$796$544$366$242$29
33 years$1,092$754$508$336$219$24
34 years$1,049$715$475$309$198$20
35 years$1,008$678$444$285$179$17
36 years$969$643$415$262$163$14
37 years$932$611$389$242$147$12
38 years$898$581$364$223$134$10
39 years$865$552$341$205$121$8
40 years$834$525$320$189$110$7
41 years$805$500$300$175$100$6
42 years$777$476$281$161$90$5
43 years$750$454$264$149$82$4
44 years$725$433$248$137$75$3
45 years$701$412$233$127$68$3
46 years$678$394$218$117$61$2
47 years$656$376$205$108$56$2
48 years$635$358$193$100$51$2
49 years$615$342$181$93$46$1
50 years$596$327$170$86$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $610,000, adding $5,058 every year, while hoping to spend $39,936 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: 38/38/24 Blend
53$610,000$610,000$610,000$610,000
54$677,437$645,107$635,652$698,162
55$704,044$634,226$614,455$702,830
56$732,027$621,473$591,209$703,786
57$761,483$606,714$565,804$704,027
58$792,519$589,809$538,124$703,512
59$825,252$570,605$508,047$702,200
60$859,809$548,946$475,447$700,050
61$896,327$524,662$440,193$697,021
62$934,958$497,576$402,145$693,069
63$975,867$467,500$361,159$688,153
64$1,019,232$434,235$317,085$682,233
65$1,065,252$397,570$269,765$675,267
66$1,114,140$357,283$219,035$667,217
67$1,166,132$313,140$164,723$658,044
68$1,221,485$264,892$106,649$647,714
69$1,280,482$212,276$44,626$636,192
70$1,343,429$155,017$0$623,451
71$1,410,666$92,819$0$614,985
72$1,482,563$25,376$0$617,807
73$1,559,525$0$0$620,516
74$1,641,999$0$0$643,081
75$1,730,472$0$0$678,728
76$1,825,480$0$0$717,067
77$1,927,612$0$0$758,343
78$2,037,513$0$0$802,826
79$2,155,892$0$0$850,811
80$2,283,529$0$0$902,623
81$2,421,278$0$0$958,617
82$2,570,080$0$0$1,019,187
83$2,730,967$0$0$1,084,763
84$2,905,075$0$0$1,155,819
85$3,093,652$0$0$1,232,875
86$3,298,070$0$0$1,316,504
87$3,519,838$0$0$1,407,337
88$3,760,615$0$0$1,506,066
89$4,022,227$0$0$1,613,453
90$4,306,681$0$0$1,730,338
91$4,616,186$0$0$1,857,643
92$4,953,173$0$0$1,996,383
93$5,320,316$0$0$2,147,677
94$5,720,557$0$0$2,312,754
95$6,157,137$0$0$2,492,969
96$6,633,620$0$0$2,689,811
97$7,153,931$0$0$2,904,921
98$7,722,389$0$0$3,140,107
99$8,343,751$0$0$3,397,356
100$9,023,252$0$0$3,678,859