Can I retire at age 54 with 639,000?

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 $639,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$52,768$52,298$51,839$51,392$50,955$49,049
2 years$26,123$25,636$25,165$24,708$24,264$22,366
3 years$17,242$16,754$16,283$15,830$15,394$13,564
4 years$12,803$12,316$11,850$11,405$10,979$9,230
5 years$10,140$9,656$9,196$8,760$8,346$6,683
6 years$8,365$7,885$7,432$7,005$6,604$5,027
7 years$7,098$6,621$6,176$5,760$5,371$3,881
8 years$6,148$5,676$5,238$4,832$4,456$3,051
9 years$5,410$4,942$4,511$4,115$3,752$2,430
10 years$4,819$4,356$3,933$3,548$3,197$1,956
11 years$4,336$3,878$3,463$3,087$2,750$1,586
12 years$3,934$3,481$3,073$2,708$2,383$1,295
13 years$3,594$3,145$2,745$2,391$2,078$1,062
14 years$3,303$2,859$2,467$2,122$1,821$874
15 years$3,051$2,612$2,227$1,893$1,604$722
16 years$2,831$2,396$2,019$1,695$1,417$598
17 years$2,637$2,207$1,837$1,523$1,257$496
18 years$2,464$2,039$1,677$1,372$1,117$412
19 years$2,310$1,890$1,536$1,240$996$343
20 years$2,172$1,756$1,409$1,123$890$286
21 years$2,047$1,636$1,296$1,019$796$239
22 years$1,933$1,527$1,195$927$714$199
23 years$1,829$1,428$1,103$844$641$166
24 years$1,735$1,338$1,020$770$576$139
25 years$1,647$1,256$945$703$518$116
26 years$1,567$1,180$876$643$467$97
27 years$1,493$1,111$814$588$421$81
28 years$1,424$1,047$756$539$380$68
29 years$1,360$987$704$494$343$57
30 years$1,301$932$656$454$310$48
31 years$1,245$882$611$417$280$40
32 years$1,193$834$570$383$253$34
33 years$1,144$790$533$352$229$28
34 years$1,099$749$498$324$208$24
35 years$1,055$710$465$298$188$20
36 years$1,015$674$435$275$170$17
37 years$977$640$407$253$154$14
38 years$940$608$381$233$140$12
39 years$906$578$357$215$127$10
40 years$874$550$335$198$115$8
41 years$843$524$314$183$104$7
42 years$814$499$295$169$95$6
43 years$786$475$276$156$86$5
44 years$759$453$260$144$78$4
45 years$734$432$244$133$71$3
46 years$710$412$229$123$64$3
47 years$687$393$215$113$58$2
48 years$665$376$202$105$53$2
49 years$644$359$190$97$48$2
50 years$624$343$179$90$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $639,000, adding $4,516 every year, while hoping to spend $43,312 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: 35/36/29 Blend
53$639,000$639,000$639,000$639,000
54$708,836$674,969$665,065$727,330
55$735,054$661,959$641,261$728,594
56$762,494$646,860$615,208$725,758
57$791,236$629,523$586,785$721,873
58$821,365$609,793$555,865$716,873
59$852,974$587,502$522,316$710,692
60$886,163$562,476$486,000$703,261
61$921,043$534,529$446,772$694,510
62$957,732$503,463$404,481$684,365
63$996,360$469,072$358,971$672,749
64$1,037,067$431,135$310,075$659,586
65$1,080,008$389,420$257,622$644,795
66$1,125,349$343,682$201,432$628,295
67$1,173,272$293,661$141,318$610,000
68$1,223,978$239,082$77,085$589,828
69$1,277,684$179,657$8,527$567,690
70$1,334,626$115,079$0$543,499
71$1,395,065$45,025$0$537,167
72$1,459,285$0$0$532,720
73$1,527,596$0$0$539,720
74$1,600,337$0$0$566,218
75$1,677,881$0$0$594,519
76$1,760,635$0$0$624,779
77$1,849,046$0$0$657,169
78$1,943,603$0$0$691,876
79$2,044,843$0$0$729,104
80$2,153,353$0$0$769,079
81$2,269,779$0$0$812,048
82$2,394,829$0$0$858,283
83$2,529,281$0$0$908,081
84$2,673,987$0$0$961,769
85$2,829,885$0$0$1,019,707
86$2,998,004$0$0$1,082,289
87$3,179,474$0$0$1,149,950
88$3,375,538$0$0$1,223,166
89$3,587,561$0$0$1,302,462
90$3,817,044$0$0$1,388,413
91$4,065,635$0$0$1,481,655
92$4,335,150$0$0$1,582,883
93$4,627,581$0$0$1,692,864
94$4,945,123$0$0$1,812,443
95$5,290,189$0$0$1,942,545
96$5,665,433$0$0$2,084,194
97$6,073,774$0$0$2,238,510
98$6,518,425$0$0$2,406,732
99$7,002,923$0$0$2,590,219
100$7,531,157$0$0$2,790,468