Can I retire at age 54 with 625,000?

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 $625,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$51,612$51,152$50,704$50,266$49,838$48,932
2 years$25,550$25,075$24,613$24,166$23,733$22,823
3 years$16,864$16,387$15,927$15,484$15,057$14,172
4 years$12,522$12,046$11,590$11,155$10,739$9,885
5 years$9,918$9,444$8,995$8,568$8,163$7,344
6 years$8,182$7,712$7,269$6,852$6,459$5,675
7 years$6,942$6,476$6,041$5,633$5,253$4,504
8 years$6,013$5,551$5,123$4,726$4,358$3,644
9 years$5,291$4,834$4,412$4,025$3,670$2,991
10 years$4,714$4,261$3,847$3,470$3,127$2,482
11 years$4,241$3,793$3,387$3,020$2,689$2,077
12 years$3,848$3,404$3,006$2,649$2,331$1,751
13 years$3,516$3,076$2,685$2,338$2,032$1,484
14 years$3,231$2,796$2,413$2,076$1,782$1,264
15 years$2,984$2,555$2,178$1,851$1,569$1,080
16 years$2,769$2,344$1,975$1,658$1,386$926
17 years$2,579$2,159$1,797$1,489$1,229$797
18 years$2,410$1,995$1,641$1,342$1,093$687
19 years$2,260$1,849$1,502$1,213$974$593
20 years$2,124$1,718$1,378$1,098$870$513
21 years$2,002$1,600$1,268$997$779$444
22 years$1,891$1,494$1,168$906$698$385
23 years$1,789$1,397$1,079$825$627$334
24 years$1,697$1,309$998$753$563$291
25 years$1,611$1,228$924$688$507$253
26 years$1,533$1,154$857$629$456$220
27 years$1,460$1,086$796$575$412$191
28 years$1,393$1,024$740$527$371$167
29 years$1,330$966$689$483$335$145
30 years$1,272$912$641$444$303$127
31 years$1,218$862$598$408$274$111
32 years$1,167$816$558$375$248$96
33 years$1,119$773$521$344$224$84
34 years$1,074$732$487$317$203$73
35 years$1,032$695$455$292$184$64
36 years$993$659$426$269$167$56
37 years$955$626$398$248$151$49
38 years$920$595$373$228$137$43
39 years$886$566$350$210$124$37
40 years$854$538$328$194$113$33
41 years$824$512$307$179$102$28
42 years$796$488$288$165$93$25
43 years$768$465$270$153$84$22
44 years$743$443$254$141$76$19
45 years$718$423$238$130$69$17
46 years$694$403$224$120$63$14
47 years$672$385$210$111$57$13
48 years$650$367$198$103$52$11
49 years$630$351$186$95$47$10
50 years$610$335$175$88$43$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $625,000, adding $3,244 every year, while hoping to spend $38,655 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: 65/17/18 Blend
53$625,000$625,000$625,000$625,000
54$692,096$658,971$649,284$733,779
55$721,561$650,132$629,906$753,291
56$752,736$639,564$608,584$769,875
57$785,755$627,143$585,211$787,071
58$820,763$612,734$559,676$804,939
59$857,920$596,197$531,865$823,546
60$897,400$577,383$501,655$842,969
61$939,395$556,134$468,920$863,293
62$984,112$532,284$433,527$884,613
63$1,031,781$505,655$395,340$907,035
64$1,082,652$476,061$354,213$930,679
65$1,136,998$443,304$309,995$955,679
66$1,195,122$407,176$262,530$982,182
67$1,257,352$367,455$211,652$1,010,356
68$1,324,049$323,908$157,190$1,040,386
69$1,395,611$276,288$98,965$1,072,478
70$1,472,472$224,335$36,789$1,106,864
71$1,555,111$167,774$0$1,143,800
72$1,644,050$106,313$0$1,189,249
73$1,739,866$39,645$0$1,245,762
74$1,843,191$0$0$1,306,660
75$1,954,720$0$0$1,378,469
76$2,075,215$0$0$1,464,097
77$2,205,517$0$0$1,556,727
78$2,346,546$0$0$1,657,019
79$2,499,316$0$0$1,765,698
80$2,664,941$0$0$1,883,562
81$2,844,647$0$0$2,011,487
82$3,039,782$0$0$2,150,439
83$3,251,827$0$0$2,301,477
84$3,482,413$0$0$2,465,770
85$3,733,334$0$0$2,644,602
86$4,006,564$0$0$2,839,384
87$4,304,276$0$0$3,051,674
88$4,628,858$0$0$3,283,181
89$4,982,943$0$0$3,535,789
90$5,369,426$0$0$3,811,571
91$5,791,494$0$0$4,112,810
92$6,252,656$0$0$4,442,018
93$6,756,775$0$0$4,801,961
94$7,308,104$0$0$5,195,683
95$7,911,326$0$0$5,626,539
96$8,571,597$0$0$6,098,221
97$9,294,596$0$0$6,614,794
98$10,086,574$0$0$7,180,736
99$10,954,417$0$0$7,800,977
100$11,905,710$0$0$8,480,949