Can I retire at age 54 with 633,000?

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 $633,000?

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$52,273$51,807$51,353$50,909$50,476$49,518
2 years$25,877$25,396$24,928$24,476$24,036$23,075
3 years$17,080$16,596$16,130$15,682$15,250$14,314
4 years$12,683$12,200$11,739$11,298$10,876$9,975
5 years$10,045$9,565$9,110$8,678$8,268$7,403
6 years$8,287$7,811$7,362$6,940$6,542$5,714
7 years$7,031$6,559$6,118$5,706$5,320$4,530
8 years$6,090$5,622$5,188$4,786$4,414$3,661
9 years$5,359$4,895$4,469$4,077$3,717$3,001
10 years$4,774$4,315$3,896$3,514$3,167$2,487
11 years$4,296$3,841$3,430$3,058$2,724$2,079
12 years$3,897$3,448$3,044$2,683$2,360$1,750
13 years$3,561$3,116$2,720$2,368$2,058$1,481
14 years$3,272$2,832$2,444$2,102$1,804$1,260
15 years$3,023$2,587$2,206$1,875$1,589$1,075
16 years$2,804$2,374$2,000$1,679$1,404$921
17 years$2,612$2,186$1,820$1,508$1,245$791
18 years$2,441$2,020$1,662$1,359$1,107$681
19 years$2,289$1,872$1,521$1,228$987$587
20 years$2,151$1,740$1,396$1,112$881$507
21 years$2,027$1,621$1,284$1,010$789$438
22 years$1,915$1,513$1,183$918$707$380
23 years$1,812$1,415$1,093$836$635$329
24 years$1,718$1,326$1,011$763$570$285
25 years$1,632$1,244$936$696$513$248
26 years$1,552$1,169$868$637$462$215
27 years$1,479$1,100$806$583$417$187
28 years$1,411$1,037$749$534$376$163
29 years$1,348$978$697$490$340$142
30 years$1,289$924$650$449$307$123
31 years$1,233$873$606$413$277$107
32 years$1,182$826$565$379$251$93
33 years$1,134$782$528$349$227$81
34 years$1,088$742$493$321$206$71
35 years$1,046$703$461$295$186$62
36 years$1,005$668$431$272$169$54
37 years$967$634$403$251$153$47
38 years$932$603$378$231$139$41
39 years$898$573$354$213$126$36
40 years$865$545$332$197$114$31
41 years$835$519$311$181$103$27
42 years$806$494$292$167$94$24
43 years$778$471$274$154$85$21
44 years$752$449$257$143$77$18
45 years$727$428$241$132$70$16
46 years$703$408$227$122$64$14
47 years$680$390$213$112$58$12
48 years$659$372$200$104$53$10
49 years$638$355$188$96$48$9
50 years$618$339$177$89$43$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $633,000, adding $5,438 every year, while hoping to spend $36,044 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: 76/9/15 Blend
53$633,000$633,000$633,000$633,000
54$703,175$669,626$659,815$753,943
55$736,549$664,087$643,568$782,675
56$772,118$657,069$625,569$809,117
57$810,069$648,461$605,721$837,121
58$850,606$638,145$583,923$866,830
59$893,952$625,999$560,068$898,403
60$940,352$611,889$534,047$932,017
61$990,074$595,678$505,743$967,864
62$1,043,412$577,217$475,036$1,006,159
63$1,100,690$556,350$441,800$1,047,139
64$1,162,262$532,913$405,902$1,091,063
65$1,228,517$506,730$367,204$1,138,221
66$1,299,883$477,617$325,563$1,188,931
67$1,376,829$445,378$280,827$1,243,544
68$1,459,871$409,807$232,840$1,302,448
69$1,549,576$370,685$181,438$1,366,072
70$1,646,565$327,781$126,448$1,434,890
71$1,751,524$280,851$67,693$1,509,423
72$1,865,204$229,638$4,986$1,590,248
73$1,988,432$173,868$0$1,678,003
74$2,122,119$113,254$0$1,783,304
75$2,267,264$47,493$0$1,898,509
76$2,424,968$0$0$2,023,711
77$2,596,441$0$0$2,162,243
78$2,783,013$0$0$2,318,113
79$2,986,151$0$0$2,487,844
80$3,207,466$0$0$2,672,787
81$3,448,732$0$0$2,874,425
82$3,711,901$0$0$3,094,395
83$3,999,122$0$0$3,334,495
84$4,312,762$0$0$3,596,707
85$4,655,422$0$0$3,883,210
86$5,029,972$0$0$4,196,404
87$5,439,565$0$0$4,538,934
88$5,887,678$0$0$4,913,708
89$6,378,137$0$0$5,323,931
90$6,915,155$0$0$5,773,131
91$7,503,372$0$0$6,265,193
92$8,147,898$0$0$6,804,397
93$8,854,360$0$0$7,395,454
94$9,628,954$0$0$8,043,555
95$10,478,509$0$0$8,754,416
96$11,410,540$0$0$9,534,332
97$12,433,331$0$0$10,390,240
98$13,556,002$0$0$11,329,777
99$14,788,602$0$0$12,361,359
100$16,142,198$0$0$13,494,255