Can I retire at age 54 with 635,000?

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 $635,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$52,438$51,971$51,515$51,070$50,636$49,372
2 years$25,959$25,476$25,007$24,553$24,112$22,847
3 years$17,134$16,649$16,181$15,731$15,298$14,070
4 years$12,723$12,239$11,776$11,334$10,911$9,731
5 years$10,076$9,595$9,139$8,705$8,294$7,165
6 years$8,313$7,835$7,385$6,962$6,563$5,486
7 years$7,053$6,580$6,137$5,724$5,337$4,312
8 years$6,110$5,640$5,205$4,801$4,428$3,454
9 years$5,376$4,911$4,483$4,090$3,729$2,806
10 years$4,789$4,329$3,908$3,525$3,177$2,304
11 years$4,309$3,854$3,441$3,068$2,732$1,908
12 years$3,910$3,459$3,054$2,691$2,368$1,590
13 years$3,572$3,126$2,728$2,376$2,065$1,333
14 years$3,283$2,841$2,451$2,109$1,810$1,122
15 years$3,032$2,595$2,213$1,881$1,594$948
16 years$2,813$2,381$2,007$1,684$1,409$803
17 years$2,620$2,193$1,826$1,513$1,249$682
18 years$2,449$2,027$1,667$1,364$1,110$581
19 years$2,296$1,878$1,526$1,232$990$495
20 years$2,158$1,745$1,400$1,116$884$423
21 years$2,034$1,626$1,288$1,013$791$362
22 years$1,921$1,517$1,187$921$709$309
23 years$1,818$1,419$1,096$839$637$265
24 years$1,724$1,330$1,014$765$572$227
25 years$1,637$1,248$939$699$515$195
26 years$1,557$1,173$871$639$464$167
27 years$1,484$1,104$809$585$418$144
28 years$1,415$1,040$752$536$377$124
29 years$1,352$981$700$491$341$106
30 years$1,293$927$652$451$308$91
31 years$1,237$876$607$414$278$78
32 years$1,186$829$567$381$252$68
33 years$1,137$785$529$350$228$58
34 years$1,092$744$494$322$206$50
35 years$1,049$706$462$296$187$43
36 years$1,009$670$432$273$169$37
37 years$970$636$405$251$153$32
38 years$934$605$379$232$139$27
39 years$900$575$355$214$126$24
40 years$868$547$333$197$114$20
41 years$838$521$312$182$104$18
42 years$808$496$293$168$94$15
43 years$781$472$275$155$85$13
44 years$754$450$258$143$78$11
45 years$729$429$242$132$70$10
46 years$705$410$227$122$64$8
47 years$683$391$214$113$58$7
48 years$661$373$201$104$53$6
49 years$640$356$189$96$48$5
50 years$620$340$177$89$44$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $635,000, adding $5,831 every year, while hoping to spend $36,292 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: 42/43/15 Blend
53$635,000$635,000$635,000$635,000
54$705,785$672,130$662,287$732,099
55$739,160$666,450$645,859$745,515
56$774,724$659,275$627,665$756,002
57$812,660$650,494$607,606$766,576
58$853,172$639,989$585,581$777,263
59$896,481$627,633$561,484$788,091
60$942,830$613,296$535,202$799,097
61$992,487$596,835$506,619$810,322
62$1,045,744$578,103$475,614$821,816
63$1,102,921$556,942$442,059$833,637
64$1,164,372$533,185$405,820$845,853
65$1,230,483$506,656$366,760$858,540
66$1,301,678$477,168$324,733$871,791
67$1,378,424$444,524$279,586$885,706
68$1,461,234$408,516$231,163$900,407
69$1,550,670$368,924$179,297$916,027
70$1,647,351$325,513$123,816$932,722
71$1,751,956$278,039$64,539$950,668
72$1,865,233$226,241$1,279$970,063
73$1,988,004$169,843$0$991,134
74$2,121,171$108,557$0$1,024,737
75$2,265,729$42,074$0$1,061,467
76$2,422,770$0$0$1,101,480
77$2,593,497$0$0$1,159,337
78$2,779,230$0$0$1,244,009
79$2,981,427$0$0$1,336,260
80$3,201,687$0$0$1,436,830
81$3,441,772$0$0$1,546,533
82$3,703,622$0$0$1,666,264
83$3,989,370$0$0$1,797,010
84$4,301,366$0$0$1,939,857
85$4,642,195$0$0$2,096,000
86$5,014,705$0$0$2,266,756
87$5,422,030$0$0$2,453,574
88$5,867,620$0$0$2,658,048
89$6,355,276$0$0$2,881,936
90$6,889,181$0$0$3,127,173
91$7,473,942$0$0$3,395,890
92$8,114,635$0$0$3,690,432
93$8,816,846$0$0$4,013,385
94$9,586,730$0$0$4,367,595
95$10,431,065$0$0$4,756,197
96$11,357,316$0$0$5,182,644
97$12,373,707$0$0$5,650,740
98$13,489,295$0$0$6,164,675
99$14,714,058$0$0$6,729,065
100$16,058,985$0$0$7,348,994