Can I retire at age 54 with 639,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.9%
1 years$52,768$52,298$51,839$51,392$50,955$50,339
2 years$26,123$25,636$25,165$24,708$24,264$23,644
3 years$17,242$16,754$16,283$15,830$15,394$14,790
4 years$12,803$12,316$11,850$11,405$10,979$10,395
5 years$10,140$9,656$9,196$8,760$8,346$7,783
6 years$8,365$7,885$7,432$7,005$6,604$6,064
7 years$7,098$6,621$6,176$5,760$5,371$4,853
8 years$6,148$5,676$5,238$4,832$4,456$3,960
9 years$5,410$4,942$4,511$4,115$3,752$3,279
10 years$4,819$4,356$3,933$3,548$3,197$2,746
11 years$4,336$3,878$3,463$3,087$2,750$2,320
12 years$3,934$3,481$3,073$2,708$2,383$1,975
13 years$3,594$3,145$2,745$2,391$2,078$1,690
14 years$3,303$2,859$2,467$2,122$1,821$1,454
15 years$3,051$2,612$2,227$1,893$1,604$1,256
16 years$2,831$2,396$2,019$1,695$1,417$1,088
17 years$2,637$2,207$1,837$1,523$1,257$946
18 years$2,464$2,039$1,677$1,372$1,117$824
19 years$2,310$1,890$1,536$1,240$996$719
20 years$2,172$1,756$1,409$1,123$890$629
21 years$2,047$1,636$1,296$1,019$796$551
22 years$1,933$1,527$1,195$927$714$484
23 years$1,829$1,428$1,103$844$641$425
24 years$1,735$1,338$1,020$770$576$373
25 years$1,647$1,256$945$703$518$329
26 years$1,567$1,180$876$643$467$289
27 years$1,493$1,111$814$588$421$255
28 years$1,424$1,047$756$539$380$225
29 years$1,360$987$704$494$343$198
30 years$1,301$932$656$454$310$175
31 years$1,245$882$611$417$280$155
32 years$1,193$834$570$383$253$137
33 years$1,144$790$533$352$229$121
34 years$1,099$749$498$324$208$107
35 years$1,055$710$465$298$188$94
36 years$1,015$674$435$275$170$83
37 years$977$640$407$253$154$74
38 years$940$608$381$233$140$65
39 years$906$578$357$215$127$58
40 years$874$550$335$198$115$51
41 years$843$524$314$183$104$45
42 years$814$499$295$169$95$40
43 years$786$475$276$156$86$35
44 years$759$453$260$144$78$31
45 years$734$432$244$133$71$28
46 years$710$412$229$123$64$25
47 years$687$393$215$113$58$22
48 years$665$376$202$105$53$19
49 years$644$359$190$97$48$17
50 years$624$343$179$90$44$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $639,000, adding $5,714 every year, while hoping to spend $35,541 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: 49/33/18 Blend
53$639,000$639,000$639,000$639,000
54$710,072$676,205$666,300$741,033
55$744,684$671,524$650,806$758,375
56$781,635$665,422$633,602$773,101
57$821,127$657,792$614,592$788,337
58$863,379$648,521$593,678$804,144
59$908,634$637,489$570,757$820,591
60$957,156$624,567$545,718$837,759
61$1,009,236$609,622$518,450$855,735
62$1,065,194$592,509$488,834$874,621
63$1,125,380$573,078$456,746$894,531
64$1,190,177$551,167$422,056$915,593
65$1,260,010$526,609$384,629$937,951
66$1,335,341$499,223$344,324$961,767
67$1,416,680$468,819$300,994$987,224
68$1,504,588$435,198$254,483$1,014,526
69$1,599,679$398,146$204,632$1,043,902
70$1,702,631$357,440$151,272$1,075,609
71$1,814,188$312,843$94,228$1,109,934
72$1,935,166$264,103$33,316$1,147,198
73$2,066,467$210,958$0$1,187,759
74$2,209,078$153,126$0$1,238,104
75$2,364,088$90,313$0$1,299,819
76$2,532,694$22,208$0$1,367,034
77$2,716,214$0$0$1,440,349
78$2,916,095$0$0$1,539,132
79$3,133,934$0$0$1,655,643
80$3,371,485$0$0$1,782,762
81$3,630,679$0$0$1,921,532
82$3,913,643$0$0$2,073,100
83$4,222,718$0$0$2,238,728
84$4,560,480$0$0$2,419,806
85$4,929,765$0$0$2,617,866
86$5,333,697$0$0$2,834,592
87$5,775,714$0$0$3,071,839
88$6,259,604$0$0$3,331,651
89$6,789,535$0$0$3,616,279
90$7,370,101$0$0$3,928,200
91$8,006,357$0$0$4,270,143
92$8,703,873$0$0$4,645,114
93$9,468,783$0$0$5,056,424
94$10,307,843$0$0$5,507,719
95$11,228,494$0$0$6,003,015
96$12,238,933$0$0$6,546,737
97$13,348,188$0$0$7,143,759
98$14,566,206$0$0$7,799,448
99$15,903,941$0$0$8,519,719
100$17,373,462$0$0$9,311,086