Can I retire at age 54 with 619,000?

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 $619,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$51,116$50,661$50,217$49,783$49,360$48,030
2 years$25,305$24,834$24,377$23,934$23,505$22,175
3 years$16,703$16,229$15,774$15,335$14,912$13,623
4 years$12,402$11,930$11,479$11,048$10,636$9,398
5 years$9,822$9,353$8,908$8,486$8,085$6,902
6 years$8,103$7,638$7,199$6,786$6,397$5,270
7 years$6,876$6,414$5,983$5,579$5,203$4,131
8 years$5,956$5,498$5,074$4,680$4,316$3,299
9 years$5,240$4,787$4,370$3,987$3,635$2,672
10 years$4,668$4,220$3,810$3,437$3,097$2,187
11 years$4,201$3,756$3,354$2,991$2,664$1,805
12 years$3,811$3,372$2,977$2,623$2,308$1,500
13 years$3,482$3,047$2,659$2,316$2,013$1,253
14 years$3,200$2,770$2,390$2,056$1,764$1,051
15 years$2,956$2,530$2,157$1,833$1,554$885
16 years$2,742$2,321$1,956$1,642$1,373$747
17 years$2,554$2,138$1,780$1,475$1,217$632
18 years$2,387$1,975$1,625$1,329$1,082$536
19 years$2,238$1,831$1,487$1,201$965$455
20 years$2,104$1,701$1,365$1,088$862$387
21 years$1,983$1,585$1,256$987$771$330
22 years$1,872$1,479$1,157$898$691$281
23 years$1,772$1,384$1,069$818$621$240
24 years$1,680$1,296$988$746$558$205
25 years$1,596$1,216$915$681$502$175
26 years$1,518$1,143$849$623$452$150
27 years$1,446$1,076$788$570$408$128
28 years$1,380$1,014$733$522$368$110
29 years$1,318$956$682$479$332$94
30 years$1,260$903$635$439$300$80
31 years$1,206$854$592$404$271$69
32 years$1,156$808$553$371$245$59
33 years$1,109$765$516$341$222$51
34 years$1,064$725$482$314$201$43
35 years$1,022$688$451$289$182$37
36 years$983$653$422$266$165$32
37 years$946$620$395$245$150$27
38 years$911$589$370$226$136$23
39 years$878$560$346$208$123$20
40 years$846$533$324$192$112$17
41 years$816$507$304$177$101$15
42 years$788$483$285$164$92$13
43 years$761$461$268$151$83$11
44 years$735$439$251$139$76$9
45 years$711$419$236$129$69$8
46 years$688$399$222$119$62$7
47 years$665$381$208$110$57$6
48 years$644$364$196$102$51$5
49 years$624$347$184$94$47$4
50 years$604$332$173$87$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $619,000, adding $3,742 every year, while hoping to spend $41,454 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: 65/24/11 Blend
53$619,000$619,000$619,000$619,000
54$685,998$653,191$643,596$728,679
55$711,863$641,090$621,050$745,518
56$738,977$627,008$596,359$758,701
57$767,423$610,802$569,408$772,050
58$797,293$592,324$540,076$785,580
59$828,684$571,415$508,236$799,307
60$861,705$547,909$473,757$813,250
61$896,471$521,629$436,500$827,434
62$933,110$492,388$396,321$841,886
63$971,760$459,988$353,071$856,638
64$1,012,572$424,219$306,591$871,728
65$1,055,709$384,861$256,717$887,199
66$1,101,353$341,680$203,278$903,101
67$1,149,697$294,429$146,094$919,493
68$1,200,957$242,847$84,979$936,441
69$1,255,366$186,658$19,737$954,021
70$1,313,180$125,571$0$972,320
71$1,374,679$59,278$0$997,292
72$1,440,168$0$0$1,026,047
73$1,509,984$0$0$1,059,733
74$1,584,492$0$0$1,112,415
75$1,664,096$0$0$1,168,725
76$1,749,236$0$0$1,228,977
77$1,840,396$0$0$1,293,519
78$1,938,105$0$0$1,362,728
79$2,042,945$0$0$1,437,021
80$2,155,553$0$0$1,516,853
81$2,276,632$0$0$1,602,725
82$2,406,948$0$0$1,695,188
83$2,547,347$0$0$1,794,845
84$2,698,756$0$0$1,902,360
85$2,862,193$0$0$2,018,461
86$3,038,777$0$0$2,143,949
87$3,229,740$0$0$2,279,705
88$3,436,433$0$0$2,426,695
89$3,660,341$0$0$2,585,984
90$3,903,101$0$0$2,758,741
91$4,166,508$0$0$2,946,252
92$4,452,539$0$0$3,149,933
93$4,763,368$0$0$3,371,338
94$5,101,388$0$0$3,612,180
95$5,469,228$0$0$3,874,343
96$5,869,783$0$0$4,159,898
97$6,306,241$0$0$4,471,127
98$6,782,106$0$0$4,810,539
99$7,301,237$0$0$5,180,897
100$7,867,881$0$0$5,585,241