Can I retire at age 54 with 631,000?

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 $631,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$52,107$51,643$51,190$50,748$50,317$48,902
2 years$25,796$25,315$24,850$24,398$23,960$22,546
3 years$17,026$16,544$16,079$15,632$15,201$13,832
4 years$12,642$12,161$11,702$11,262$10,842$9,527
5 years$10,013$9,535$9,081$8,650$8,242$6,985
6 years$8,260$7,786$7,339$6,918$6,521$5,325
7 years$7,009$6,539$6,099$5,687$5,304$4,167
8 years$6,071$5,605$5,172$4,771$4,400$3,322
9 years$5,342$4,880$4,455$4,064$3,705$2,686
10 years$4,759$4,301$3,884$3,503$3,157$2,195
11 years$4,282$3,829$3,419$3,049$2,715$1,808
12 years$3,885$3,437$3,034$2,674$2,353$1,499
13 years$3,549$3,106$2,711$2,361$2,052$1,250
14 years$3,262$2,823$2,436$2,096$1,799$1,046
15 years$3,013$2,579$2,199$1,869$1,584$879
16 years$2,796$2,366$1,994$1,674$1,400$740
17 years$2,604$2,179$1,814$1,504$1,241$625
18 years$2,434$2,014$1,656$1,355$1,103$529
19 years$2,281$1,866$1,516$1,224$984$448
20 years$2,145$1,734$1,392$1,109$879$381
21 years$2,021$1,615$1,280$1,006$786$323
22 years$1,909$1,508$1,180$915$705$275
23 years$1,806$1,410$1,089$833$633$234
24 years$1,713$1,321$1,007$760$569$200
25 years$1,627$1,240$933$694$512$170
26 years$1,548$1,165$865$635$461$145
27 years$1,474$1,097$804$581$415$124
28 years$1,406$1,034$747$532$375$106
29 years$1,343$975$695$488$339$90
30 years$1,284$921$648$448$306$77
31 years$1,230$870$604$411$277$66
32 years$1,178$824$563$378$250$56
33 years$1,130$780$526$348$226$48
34 years$1,085$739$491$320$205$41
35 years$1,042$701$459$295$186$35
36 years$1,002$666$430$271$168$30
37 years$964$632$402$250$152$26
38 years$929$601$377$230$138$22
39 years$895$571$353$212$125$19
40 years$863$543$331$196$114$16
41 years$832$517$310$181$103$14
42 years$803$493$291$167$94$12
43 years$776$469$273$154$85$10
44 years$750$447$256$142$77$9
45 years$725$427$241$131$70$7
46 years$701$407$226$121$64$6
47 years$678$388$212$112$58$5
48 years$657$371$200$104$52$5
49 years$636$354$188$96$48$4
50 years$616$338$176$88$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $631,000, adding $6,155 every year, while hoping to spend $27,718 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: 35/50/15 Blend
53$631,000$631,000$631,000$631,000
54$701,711$668,268$658,487$722,824
55$743,794$671,521$651,055$741,948
56$789,240$674,005$642,445$759,505
57$838,363$675,652$632,588$777,850
58$891,509$676,392$621,412$797,068
59$949,056$676,148$608,842$817,254
60$1,011,421$674,841$594,800$838,514
61$1,079,062$672,384$579,202$860,968
62$1,152,484$668,689$561,963$884,749
63$1,232,241$663,658$542,992$910,006
64$1,318,942$657,190$522,195$936,908
65$1,413,259$649,177$499,473$965,641
66$1,515,929$639,504$474,723$996,413
67$1,627,765$628,051$447,837$1,029,458
68$1,749,660$614,688$418,703$1,065,036
69$1,882,598$599,281$387,202$1,103,437
70$2,027,662$581,685$353,212$1,144,983
71$2,186,043$561,747$316,605$1,190,034
72$2,359,054$539,306$277,245$1,238,992
73$2,548,137$514,192$234,992$1,292,301
74$2,754,883$486,224$189,701$1,350,459
75$2,981,043$455,210$141,217$1,414,015
76$3,228,543$420,950$89,382$1,483,583
77$3,499,507$383,228$34,029$1,559,844
78$3,796,271$341,821$0$1,643,554
79$4,121,409$296,489$0$1,739,561
80$4,477,756$246,980$0$1,850,861
81$4,868,433$193,027$0$1,973,066
82$5,296,878$134,351$0$2,107,354
83$5,766,878$70,653$0$2,255,031
84$6,282,605$1,620$0$2,417,540
85$6,848,652$0$0$2,596,480
86$7,470,081$0$0$2,833,827
87$8,152,465$0$0$3,095,530
88$8,901,946$0$0$3,383,065
89$9,725,289$0$0$3,699,040
90$10,629,947$0$0$4,046,329
91$11,624,129$0$0$4,428,095
92$12,716,880$0$0$4,847,826
93$13,918,166$0$0$5,309,364
94$15,238,963$0$0$5,816,941
95$16,691,368$0$0$6,375,221
96$18,288,706$0$0$6,989,341
97$20,045,659$0$0$7,664,963
98$21,978,405$0$0$8,408,323
99$24,104,764$0$0$9,226,294
100$26,444,377$0$0$10,126,449