Can I retire at age 54 with 640,000?

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 $640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$52,851$52,380$51,921$51,472$51,034$49,283
2 years$26,164$25,676$25,204$24,746$24,302$22,555
3 years$17,269$16,780$16,309$15,855$15,418$13,731
4 years$12,823$12,335$11,869$11,423$10,996$9,381
5 years$10,156$9,671$9,211$8,774$8,359$6,821
6 years$8,378$7,897$7,443$7,016$6,614$5,154
7 years$7,109$6,632$6,186$5,769$5,379$3,997
8 years$6,158$5,685$5,246$4,839$4,463$3,157
9 years$5,418$4,950$4,518$4,122$3,758$2,527
10 years$4,827$4,363$3,939$3,553$3,202$2,044
11 years$4,343$3,884$3,468$3,092$2,754$1,667
12 years$3,941$3,486$3,078$2,712$2,387$1,368
13 years$3,600$3,150$2,750$2,395$2,081$1,128
14 years$3,309$2,864$2,471$2,126$1,824$934
15 years$3,056$2,616$2,231$1,896$1,606$775
16 years$2,835$2,400$2,022$1,697$1,420$646
17 years$2,641$2,210$1,840$1,525$1,259$539
18 years$2,468$2,042$1,680$1,374$1,119$451
19 years$2,314$1,893$1,538$1,242$998$377
20 years$2,175$1,759$1,411$1,125$891$316
21 years$2,050$1,638$1,298$1,021$797$266
22 years$1,936$1,529$1,197$928$715$223
23 years$1,832$1,430$1,105$845$642$188
24 years$1,737$1,340$1,022$771$577$158
25 years$1,650$1,258$946$704$519$133
26 years$1,570$1,182$878$644$467$112
27 years$1,495$1,112$815$589$421$94
28 years$1,426$1,048$758$540$380$79
29 years$1,362$989$705$495$343$67
30 years$1,303$934$657$454$310$56
31 years$1,247$883$612$417$280$48
32 years$1,195$835$571$384$254$40
33 years$1,146$791$533$353$230$34
34 years$1,100$750$498$324$208$28
35 years$1,057$711$466$299$188$24
36 years$1,016$675$436$275$171$20
37 years$978$641$408$253$155$17
38 years$942$609$382$234$140$14
39 years$908$579$358$215$127$12
40 years$875$551$335$199$115$10
41 years$844$525$315$183$105$9
42 years$815$500$295$169$95$7
43 years$787$476$277$156$86$6
44 years$760$454$260$144$78$5
45 years$735$433$244$133$71$4
46 years$711$413$229$123$64$4
47 years$688$394$215$114$59$3
48 years$666$376$202$105$53$3
49 years$645$359$190$97$48$2
50 years$625$343$179$90$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $640,000, adding $3,904 every year, while hoping to spend $39,785 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: 76/17/7 Blend
53$640,000$640,000$640,000$640,000
54$709,307$675,387$665,467$762,289
55$739,325$666,150$645,429$788,421
56$771,072$655,127$623,387$811,567
57$804,682$642,188$599,230$835,782
58$840,301$627,197$572,846$861,157
59$878,089$610,008$544,114$887,791
60$918,223$590,467$512,911$915,794
61$960,893$568,411$479,105$945,290
62$1,006,310$543,668$442,560$976,412
63$1,054,702$516,057$403,134$1,009,312
64$1,106,321$485,383$360,679$1,044,153
65$1,161,442$451,444$315,038$1,081,119
66$1,220,368$414,023$266,051$1,120,414
67$1,283,429$372,893$213,546$1,162,261
68$1,350,987$327,813$157,348$1,206,908
69$1,423,440$278,529$97,272$1,254,630
70$1,501,225$224,771$33,125$1,305,731
71$1,584,821$166,256$0$1,360,547
72$1,674,754$102,683$0$1,422,088
73$1,771,601$33,736$0$1,490,940
74$1,875,995$0$0$1,565,096
75$1,988,635$0$0$1,652,732
76$2,110,284$0$0$1,754,213
77$2,241,783$0$0$1,863,931
78$2,384,058$0$0$1,982,660
79$2,538,123$0$0$2,111,251
80$2,705,096$0$0$2,250,638
81$2,886,205$0$0$2,401,850
82$3,082,801$0$0$2,566,017
83$3,296,369$0$0$2,744,384
84$3,528,543$0$0$2,938,318
85$3,781,121$0$0$3,149,325
86$4,056,081$0$0$3,379,060
87$4,355,599$0$0$3,629,346
88$4,682,071$0$0$3,902,188
89$5,038,132$0$0$4,199,793
90$5,426,684$0$0$4,524,592
91$5,850,920$0$0$4,879,256
92$6,314,356$0$0$5,266,731
93$6,820,861$0$0$5,690,257
94$7,374,697$0$0$6,153,402
95$7,980,555$0$0$6,660,093
96$8,643,599$0$0$7,214,658
97$9,369,519$0$0$7,821,857
98$10,164,577$0$0$8,486,937
99$11,035,671$0$0$9,215,673
100$11,990,397$0$0$10,014,427