Can I retire at age 54 with 618,000?

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 $618,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$51,034$50,579$50,136$49,703$49,280$48,725
2 years$25,264$24,794$24,338$23,896$23,467$22,908
3 years$16,676$16,203$15,748$15,310$14,888$14,343
4 years$12,382$11,911$11,461$11,030$10,618$10,091
5 years$9,807$9,338$8,894$8,472$8,072$7,564
6 years$8,090$7,625$7,188$6,775$6,387$5,899
7 years$6,865$6,404$5,973$5,570$5,194$4,726
8 years$5,946$5,489$5,066$4,673$4,309$3,862
9 years$5,232$4,779$4,363$3,980$3,629$3,201
10 years$4,661$4,213$3,804$3,431$3,092$2,684
11 years$4,194$3,750$3,349$2,986$2,659$2,271
12 years$3,805$3,366$2,972$2,619$2,305$1,935
13 years$3,476$3,042$2,655$2,312$2,010$1,658
14 years$3,195$2,765$2,386$2,053$1,762$1,428
15 years$2,951$2,526$2,154$1,831$1,551$1,235
16 years$2,738$2,318$1,953$1,639$1,371$1,072
17 years$2,550$2,134$1,777$1,473$1,215$933
18 years$2,383$1,972$1,622$1,327$1,081$814
19 years$2,234$1,828$1,485$1,199$963$712
20 years$2,100$1,699$1,363$1,086$860$623
21 years$1,979$1,582$1,254$986$770$547
22 years$1,869$1,477$1,155$896$690$481
23 years$1,769$1,381$1,067$816$620$423
24 years$1,678$1,294$987$744$557$372
25 years$1,593$1,215$914$680$501$328
26 years$1,516$1,141$848$622$451$289
27 years$1,444$1,074$787$569$407$255
28 years$1,377$1,012$732$521$367$226
29 years$1,316$955$681$478$332$199
30 years$1,258$902$634$439$300$176
31 years$1,204$853$591$403$271$156
32 years$1,154$807$552$370$245$138
33 years$1,107$764$515$341$222$122
34 years$1,062$724$481$313$201$108
35 years$1,021$687$450$288$182$96
36 years$982$652$421$266$165$85
37 years$944$619$394$245$149$75
38 years$909$588$369$226$135$67
39 years$876$559$346$208$123$59
40 years$845$532$324$192$111$52
41 years$815$507$304$177$101$46
42 years$787$483$285$163$92$41
43 years$760$460$267$151$83$36
44 years$734$438$251$139$76$32
45 years$710$418$236$129$69$29
46 years$687$399$221$119$62$25
47 years$664$380$208$110$57$23
48 years$643$363$195$101$51$20
49 years$623$347$184$94$47$18
50 years$603$331$173$87$42$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $618,000, adding $6,221 every year, while hoping to spend $54,690 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: 48/35/17 Blend
53$618,000$618,000$618,000$618,000
54$687,453$654,699$645,120$716,891
55$699,383$628,589$608,542$711,829
56$710,698$599,368$568,905$700,252
57$721,276$566,823$526,050$686,505
58$730,982$530,734$479,809$670,405
59$739,667$490,864$430,007$651,755
60$747,162$446,966$376,462$630,344
61$753,282$398,777$318,983$605,943
62$757,818$346,018$257,370$578,306
63$760,539$288,397$191,415$547,165
64$761,189$225,603$120,902$512,234
65$759,481$157,309$45,604$473,201
66$755,101$83,169$0$429,731
67$747,695$2,818$0$387,764
68$736,874$0$0$349,841
69$722,206$0$0$339,705
70$703,213$0$0$328,326
71$679,363$0$0$314,335
72$650,071$0$0$297,423
73$614,684$0$0$277,242
74$572,486$0$0$253,411
75$522,678$0$0$225,509
76$464,382$0$0$193,067
77$396,624$0$0$155,570
78$318,328$0$0$112,446
79$228,306$0$0$63,066
80$125,242$0$0$6,732
81$7,687$0$0$0
82$0$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