Can I retire at age 54 with 628,000?

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 $628,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$51,860$51,398$50,947$50,507$50,078$48,907
2 years$25,673$25,195$24,732$24,282$23,846$22,673
3 years$16,945$16,465$16,003$15,558$15,129$13,991
4 years$12,582$12,104$11,646$11,209$10,790$9,695
5 years$9,965$9,489$9,038$8,609$8,203$7,154
6 years$8,221$7,749$7,304$6,885$6,490$5,489
7 years$6,976$6,507$6,070$5,660$5,278$4,325
8 years$6,042$5,578$5,147$4,748$4,379$3,472
9 years$5,316$4,857$4,434$4,045$3,688$2,828
10 years$4,736$4,281$3,865$3,486$3,142$2,328
11 years$4,262$3,811$3,403$3,034$2,702$1,932
12 years$3,867$3,421$3,020$2,661$2,342$1,615
13 years$3,533$3,091$2,698$2,350$2,042$1,357
14 years$3,247$2,810$2,424$2,086$1,790$1,145
15 years$2,999$2,567$2,189$1,860$1,576$970
16 years$2,782$2,355$1,984$1,666$1,393$825
17 years$2,591$2,169$1,806$1,496$1,235$702
18 years$2,422$2,004$1,648$1,349$1,098$600
19 years$2,271$1,857$1,509$1,219$979$513
20 years$2,134$1,726$1,385$1,104$874$439
21 years$2,011$1,608$1,274$1,002$782$377
22 years$1,900$1,501$1,174$911$701$323
23 years$1,798$1,404$1,084$829$630$278
24 years$1,705$1,315$1,003$756$566$239
25 years$1,619$1,234$929$691$509$206
26 years$1,540$1,160$861$632$459$177
27 years$1,467$1,092$800$578$414$153
28 years$1,400$1,029$743$530$373$132
29 years$1,337$970$692$486$337$113
30 years$1,278$916$644$446$304$98
31 years$1,224$866$601$409$275$84
32 years$1,173$820$561$376$249$73
33 years$1,125$776$523$346$225$63
34 years$1,080$736$489$318$204$54
35 years$1,037$698$457$293$185$47
36 years$997$662$428$270$167$41
37 years$960$629$400$249$152$35
38 years$924$598$375$229$138$30
39 years$890$569$351$211$125$26
40 years$859$541$329$195$113$23
41 years$828$515$309$180$103$19
42 years$800$490$290$166$93$17
43 years$772$467$272$153$85$15
44 years$746$445$255$141$77$13
45 years$721$425$239$131$70$11
46 years$698$405$225$121$63$9
47 years$675$387$211$112$57$8
48 years$654$369$199$103$52$7
49 years$633$352$187$95$47$6
50 years$613$337$175$88$43$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $628,000, adding $4,288 every year, while hoping to spend $37,453 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: 47/40/13 Blend
53$628,000$628,000$628,000$628,000
54$696,479$663,195$653,461$726,489
55$727,670$655,842$635,502$740,329
56$760,788$646,873$615,687$751,146
57$795,988$636,170$593,912$762,055
58$833,444$623,607$570,073$773,076
59$873,342$609,051$544,058$784,237
60$915,889$592,360$515,749$795,569
61$961,309$573,386$485,027$807,110
62$1,009,851$551,970$451,764$818,905
63$1,061,784$527,945$415,826$831,006
64$1,117,406$501,134$377,076$843,475
65$1,177,042$471,350$335,368$856,381
66$1,241,048$438,395$290,552$869,806
67$1,309,818$402,059$242,468$883,845
68$1,383,782$362,122$190,953$898,605
69$1,463,410$318,349$135,833$914,210
70$1,549,224$270,493$76,928$930,802
71$1,641,791$218,294$14,052$948,539
72$1,741,738$161,475$0$967,605
73$1,849,754$99,745$0$995,565
74$1,966,593$32,797$0$1,027,852
75$2,093,087$0$0$1,062,809
76$2,230,149$0$0$1,118,238
77$2,378,784$0$0$1,194,062
78$2,540,096$0$0$1,276,414
79$2,715,300$0$0$1,365,925
80$2,905,733$0$0$1,463,284
81$3,112,864$0$0$1,569,251
82$3,338,312$0$0$1,684,664
83$3,583,854$0$0$1,810,443
84$3,851,451$0$0$1,947,600
85$4,143,257$0$0$2,097,250
86$4,461,644$0$0$2,260,621
87$4,809,224$0$0$2,439,064
88$5,188,871$0$0$2,634,066
89$5,603,748$0$0$2,847,264
90$6,057,339$0$0$3,080,460
91$6,553,480$0$0$3,335,639
92$7,096,394$0$0$3,614,988
93$7,690,730$0$0$3,920,912
94$8,341,610$0$0$4,256,062
95$9,054,672$0$0$4,623,357
96$9,836,125$0$0$5,026,011
97$10,692,811$0$0$5,467,565
98$11,632,260$0$0$5,951,917
99$12,662,769$0$0$6,483,363
100$13,793,478$0$0$7,066,633