Can I retire at age 54 with 627,000?

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 $627,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$51,777$51,316$50,866$50,427$49,998$49,049
2 years$25,632$25,155$24,692$24,244$23,809$22,856
3 years$16,918$16,439$15,977$15,533$15,105$14,179
4 years$12,562$12,084$11,628$11,191$10,773$9,880
5 years$9,949$9,474$9,023$8,596$8,190$7,333
6 years$8,208$7,736$7,292$6,874$6,480$5,660
7 years$6,965$6,497$6,060$5,651$5,270$4,487
8 years$6,033$5,569$5,139$4,741$4,372$3,626
9 years$5,308$4,849$4,426$4,038$3,682$2,972
10 years$4,729$4,274$3,859$3,481$3,137$2,463
11 years$4,255$3,805$3,397$3,029$2,698$2,059
12 years$3,860$3,415$3,015$2,657$2,338$1,733
13 years$3,527$3,086$2,694$2,346$2,039$1,467
14 years$3,241$2,805$2,420$2,082$1,787$1,248
15 years$2,994$2,563$2,185$1,857$1,574$1,065
16 years$2,778$2,351$1,981$1,663$1,391$912
17 years$2,587$2,165$1,803$1,494$1,233$783
18 years$2,418$2,001$1,646$1,346$1,096$674
19 years$2,267$1,854$1,507$1,217$977$581
20 years$2,131$1,723$1,383$1,102$873$502
21 years$2,008$1,605$1,272$1,000$781$434
22 years$1,897$1,498$1,172$909$700$376
23 years$1,795$1,401$1,082$828$629$326
24 years$1,702$1,313$1,001$755$565$283
25 years$1,617$1,232$927$690$508$245
26 years$1,538$1,158$860$631$458$213
27 years$1,465$1,090$798$577$413$185
28 years$1,397$1,027$742$529$373$161
29 years$1,335$969$691$485$336$140
30 years$1,276$915$643$445$304$122
31 years$1,222$865$600$409$275$106
32 years$1,171$818$560$376$249$93
33 years$1,123$775$523$346$225$81
34 years$1,078$735$488$318$204$70
35 years$1,036$697$456$293$184$61
36 years$996$661$427$270$167$53
37 years$958$628$400$248$151$47
38 years$923$597$374$229$137$41
39 years$889$568$351$211$125$35
40 years$857$540$329$195$113$31
41 years$827$514$308$180$102$27
42 years$798$490$289$166$93$23
43 years$771$466$271$153$84$20
44 years$745$445$255$141$77$18
45 years$720$424$239$130$70$16
46 years$697$404$225$121$63$14
47 years$674$386$211$111$57$12
48 years$652$368$198$103$52$10
49 years$632$352$186$95$47$9
50 years$612$336$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 $627,000, adding $5,681 every year, while hoping to spend $27,475 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: 50/23/27 Blend
53$627,000$627,000$627,000$627,000
54$696,814$663,583$653,864$726,087
55$738,656$666,865$646,536$750,391
56$783,845$669,388$638,041$773,594
57$832,693$671,084$628,311$798,271
58$885,544$671,883$617,276$824,576
59$942,775$671,711$604,860$852,676
60$1,004,801$670,488$590,986$882,761
61$1,072,079$668,130$575,572$915,037
62$1,145,110$664,547$558,533$949,737
63$1,224,446$659,645$539,778$987,116
64$1,310,694$653,322$519,215$1,027,460
65$1,404,522$645,472$496,746$1,071,082
66$1,506,664$635,981$472,269$1,118,332
67$1,617,930$624,731$445,676$1,169,597
68$1,739,209$611,593$416,856$1,225,305
69$1,871,481$596,433$385,693$1,285,931
70$2,015,822$579,108$352,064$1,352,001
71$2,173,420$559,469$315,843$1,424,096
72$2,345,581$537,355$276,895$1,502,861
73$2,533,742$512,597$235,083$1,589,008
74$2,739,486$485,016$190,260$1,683,326
75$2,964,556$454,424$142,276$1,786,687
76$3,210,870$420,621$90,973$1,900,057
77$3,480,543$383,396$36,184$2,024,503
78$3,775,901$342,524$0$2,161,204
79$4,099,505$297,770$0$2,317,887
80$4,454,179$248,886$0$2,501,116
81$4,843,030$195,606$0$2,702,102
82$5,269,482$137,653$0$2,922,666
83$5,737,304$74,733$0$3,164,814
84$6,250,650$6,535$0$3,430,757
85$6,814,093$0$0$3,722,938
86$7,432,672$0$0$4,061,073
87$8,111,939$0$0$4,434,267
88$8,858,006$0$0$4,844,235
89$9,677,609$0$0$5,294,686
90$10,578,169$0$0$5,789,707
91$11,567,859$0$0$6,333,802
92$12,655,685$0$0$6,931,932
93$13,851,569$0$0$7,589,561
94$15,166,440$0$0$8,312,712
95$16,612,342$0$0$9,108,017
96$18,202,541$0$0$9,982,788
97$19,951,657$0$0$10,945,076
98$21,875,795$0$0$12,003,755
99$23,992,701$0$0$13,168,601
100$26,321,926$0$0$14,450,386