Can I retire at age 54 with 626,000?

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 $626,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$51,694$51,234$50,785$50,346$49,918$48,534
2 years$25,591$25,115$24,653$24,205$23,771$22,387
3 years$16,891$16,413$15,952$15,508$15,081$13,740
4 years$12,542$12,065$11,609$11,173$10,756$9,469
5 years$9,934$9,459$9,009$8,582$8,176$6,947
6 years$8,195$7,724$7,281$6,863$6,470$5,298
7 years$6,954$6,487$6,050$5,642$5,262$4,148
8 years$6,023$5,560$5,131$4,733$4,365$3,310
9 years$5,299$4,841$4,419$4,032$3,676$2,677
10 years$4,721$4,267$3,853$3,475$3,132$2,189
11 years$4,248$3,799$3,392$3,025$2,694$1,804
12 years$3,854$3,410$3,010$2,653$2,334$1,497
13 years$3,521$3,081$2,690$2,342$2,036$1,249
14 years$3,236$2,801$2,417$2,079$1,784$1,046
15 years$2,989$2,559$2,182$1,854$1,571$879
16 years$2,773$2,348$1,978$1,660$1,389$741
17 years$2,583$2,162$1,800$1,492$1,231$627
18 years$2,414$1,998$1,643$1,344$1,095$531
19 years$2,263$1,852$1,504$1,215$976$450
20 years$2,128$1,721$1,381$1,100$872$382
21 years$2,005$1,603$1,270$998$780$325
22 years$1,894$1,496$1,170$908$699$277
23 years$1,792$1,399$1,081$827$628$236
24 years$1,699$1,311$999$754$564$201
25 years$1,614$1,230$926$689$508$172
26 years$1,535$1,156$858$630$457$146
27 years$1,463$1,088$797$576$412$125
28 years$1,395$1,025$741$528$372$107
29 years$1,333$967$690$484$336$91
30 years$1,274$914$642$444$303$78
31 years$1,220$864$599$408$274$67
32 years$1,169$817$559$375$248$57
33 years$1,121$774$522$345$225$49
34 years$1,076$733$487$317$203$42
35 years$1,034$696$456$292$184$36
36 years$994$660$426$269$167$31
37 years$957$627$399$248$151$26
38 years$921$596$374$229$137$22
39 years$888$567$350$211$124$19
40 years$856$539$328$194$113$16
41 years$826$513$308$179$102$14
42 years$797$489$289$165$93$12
43 years$770$466$271$153$84$10
44 years$744$444$254$141$76$9
45 years$719$423$239$130$69$8
46 years$695$404$224$120$63$6
47 years$673$385$211$111$57$6
48 years$651$368$198$103$52$5
49 years$631$351$186$95$47$4
50 years$611$336$175$88$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $626,000, adding $4,173 every year, while hoping to spend $20,902 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: 57/28/15 Blend
53$626,000$626,000$626,000$626,000
54$694,156$660,978$651,275$730,803
55$742,721$671,127$650,854$766,265
56$795,538$681,072$649,717$802,240
57$853,020$690,782$647,820$840,960
58$915,620$700,222$645,114$882,692
59$983,837$709,356$641,548$927,731
60$1,058,218$718,144$637,070$976,401
61$1,139,368$726,545$631,624$1,029,061
62$1,227,952$734,514$625,151$1,086,106
63$1,324,701$742,003$617,591$1,147,972
64$1,430,420$748,961$608,881$1,215,141
65$1,545,997$755,334$598,952$1,288,143
66$1,672,407$761,064$587,735$1,367,564
67$1,810,725$766,089$575,157$1,454,049
68$1,962,136$770,344$561,142$1,548,311
69$2,127,942$773,759$545,608$1,651,137
70$2,309,579$776,260$528,473$1,763,391
71$2,508,627$777,768$509,648$1,886,032
72$2,726,828$778,199$489,042$2,020,113
73$2,966,098$777,465$466,559$2,166,798
74$3,228,550$775,470$442,098$2,327,371
75$3,516,508$772,115$415,555$2,503,246
76$3,832,536$767,292$386,820$2,695,985
77$4,179,455$760,890$355,779$2,907,309
78$4,560,374$752,788$322,312$3,139,118
79$4,978,717$742,859$286,294$3,393,506
80$5,438,256$730,969$247,595$3,672,783
81$5,943,147$716,976$206,078$3,979,496
82$6,497,968$700,728$161,602$4,316,454
83$7,107,762$682,065$114,017$4,686,756
84$7,778,086$660,818$63,168$5,093,818
85$8,515,060$636,807$8,894$5,541,407
86$9,325,430$609,845$0$6,033,679
87$10,216,625$579,728$0$6,583,060
88$11,196,832$546,246$0$7,188,786
89$12,275,071$509,174$0$7,855,029
90$13,461,279$468,275$0$8,587,964
91$14,766,406$423,297$0$9,394,394
92$16,202,517$373,976$0$10,281,818
93$17,782,904$320,031$0$11,258,505
94$19,522,214$261,166$0$12,333,568
95$21,436,585$197,068$0$13,517,051
96$23,543,800$127,408$0$14,820,027
97$25,863,452$51,836$0$16,254,701
98$28,417,132$0$0$17,834,526
99$31,228,629$0$0$19,583,580
100$34,324,156$0$0$21,526,985