Can I retire at age 54 with 613,000?

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 $613,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$50,621$50,170$49,730$49,301$48,881$48,411
2 years$25,060$24,593$24,141$23,702$23,277$22,803
3 years$16,541$16,072$15,621$15,186$14,768$14,305
4 years$12,282$11,815$11,368$10,941$10,533$10,085
5 years$9,727$9,263$8,822$8,404$8,007$7,575
6 years$8,025$7,564$7,129$6,720$6,335$5,920
7 years$6,809$6,352$5,925$5,525$5,152$4,754
8 years$5,898$5,445$5,025$4,635$4,274$3,893
9 years$5,189$4,741$4,328$3,948$3,600$3,235
10 years$4,623$4,179$3,773$3,403$3,067$2,719
11 years$4,160$3,720$3,322$2,962$2,638$2,306
12 years$3,774$3,339$2,948$2,598$2,286$1,970
13 years$3,448$3,017$2,634$2,294$1,993$1,693
14 years$3,169$2,743$2,366$2,036$1,747$1,462
15 years$2,927$2,506$2,137$1,816$1,538$1,268
16 years$2,716$2,299$1,937$1,626$1,360$1,103
17 years$2,530$2,117$1,763$1,461$1,206$963
18 years$2,364$1,956$1,609$1,316$1,072$842
19 years$2,216$1,813$1,473$1,190$955$739
20 years$2,083$1,685$1,352$1,077$853$649
21 years$1,963$1,569$1,243$978$764$571
22 years$1,854$1,465$1,146$889$685$503
23 years$1,755$1,370$1,058$810$615$444
24 years$1,664$1,284$979$738$552$392
25 years$1,580$1,205$906$674$497$347
26 years$1,503$1,132$841$617$448$307
27 years$1,432$1,066$781$564$404$272
28 years$1,366$1,004$726$517$364$241
29 years$1,305$947$675$474$329$213
30 years$1,248$895$629$435$297$189
31 years$1,194$846$586$400$269$168
32 years$1,145$800$547$367$243$149
33 years$1,098$758$511$338$220$132
34 years$1,054$718$477$311$199$118
35 years$1,013$681$446$286$180$104
36 years$974$647$417$263$163$93
37 years$937$614$391$243$148$83
38 years$902$584$366$224$134$73
39 years$869$555$343$206$122$65
40 years$838$528$321$190$110$58
41 years$809$503$301$176$100$52
42 years$780$479$283$162$91$46
43 years$754$456$265$150$83$41
44 years$728$435$249$138$75$36
45 years$704$415$234$128$68$32
46 years$681$395$220$118$62$29
47 years$659$377$206$109$56$26
48 years$638$360$194$101$51$23
49 years$618$344$182$93$46$20
50 years$599$329$171$86$42$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $613,000, adding $2,395 every year, while hoping to spend $25,482 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: 51/36/13 Blend
53$613,000$613,000$613,000$613,000
54$677,996$645,507$636,006$710,085
55$720,039$650,025$630,199$736,829
56$765,517$653,909$623,344$762,997
57$814,752$657,103$615,379$790,870
58$868,100$659,545$606,238$820,614
59$925,953$661,169$595,853$852,415
60$988,739$661,906$584,154$886,481
61$1,056,933$661,681$571,065$923,037
62$1,131,054$660,417$556,509$962,338
63$1,211,673$658,030$540,404$1,004,661
64$1,299,422$654,431$522,666$1,050,316
65$1,394,991$649,527$503,204$1,099,645
66$1,499,145$643,218$481,925$1,153,026
67$1,612,720$635,398$458,733$1,210,877
68$1,736,642$625,956$433,524$1,273,663
69$1,871,925$614,774$406,192$1,341,894
70$2,019,688$601,725$376,627$1,416,138
71$2,181,164$586,677$344,711$1,497,020
72$2,357,707$569,488$310,324$1,585,233
73$2,550,810$550,011$273,337$1,681,544
74$2,762,118$528,086$233,619$1,786,797
75$2,993,439$503,548$191,030$1,901,930
76$3,246,767$476,219$145,427$2,027,975
77$3,524,297$445,913$96,658$2,166,077
78$3,828,445$412,432$44,566$2,317,496
79$4,161,873$375,568$0$2,483,629
80$4,527,512$335,100$0$2,667,547
81$4,928,593$290,794$0$2,876,119
82$5,368,671$242,404$0$3,105,062
83$5,851,664$189,670$0$3,356,481
84$6,381,887$132,317$0$3,632,695
85$6,964,093$70,055$0$3,936,267
86$7,603,519$2,576$0$4,270,023
87$8,305,932$0$0$4,637,084
88$9,077,688$0$0$5,068,797
89$9,925,785$0$0$5,544,404
90$10,857,938$0$0$6,067,218
91$11,882,641$0$0$6,642,014
92$13,009,256$0$0$7,274,052
93$14,248,094$0$0$7,969,125
94$15,610,519$0$0$8,733,620
95$17,109,048$0$0$9,574,570
96$18,757,475$0$0$10,499,725
97$20,570,995$0$0$11,517,625
98$22,566,352$0$0$12,637,680
99$24,761,995$0$0$13,870,256
100$27,178,250$0$0$15,226,775