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%16.8%
1 years$52,851$52,380$51,921$51,472$51,034$49,620
2 years$26,164$25,676$25,204$24,746$24,302$22,887
3 years$17,269$16,780$16,309$15,855$15,418$14,048
4 years$12,823$12,335$11,869$11,423$10,996$9,681
5 years$10,156$9,671$9,211$8,774$8,359$7,102
6 years$8,378$7,897$7,443$7,016$6,614$5,417
7 years$7,109$6,632$6,186$5,769$5,379$4,241
8 years$6,158$5,685$5,246$4,839$4,463$3,384
9 years$5,418$4,950$4,518$4,122$3,758$2,737
10 years$4,827$4,363$3,939$3,553$3,202$2,238
11 years$4,343$3,884$3,468$3,092$2,754$1,845
12 years$3,941$3,486$3,078$2,712$2,387$1,531
13 years$3,600$3,150$2,750$2,395$2,081$1,277
14 years$3,309$2,864$2,471$2,126$1,824$1,070
15 years$3,056$2,616$2,231$1,896$1,606$899
16 years$2,835$2,400$2,022$1,697$1,420$758
17 years$2,641$2,210$1,840$1,525$1,259$641
18 years$2,468$2,042$1,680$1,374$1,119$542
19 years$2,314$1,893$1,538$1,242$998$460
20 years$2,175$1,759$1,411$1,125$891$391
21 years$2,050$1,638$1,298$1,021$797$332
22 years$1,936$1,529$1,197$928$715$283
23 years$1,832$1,430$1,105$845$642$241
24 years$1,737$1,340$1,022$771$577$206
25 years$1,650$1,258$946$704$519$175
26 years$1,570$1,182$878$644$467$150
27 years$1,495$1,112$815$589$421$128
28 years$1,426$1,048$758$540$380$109
29 years$1,362$989$705$495$343$93
30 years$1,303$934$657$454$310$80
31 years$1,247$883$612$417$280$68
32 years$1,195$835$571$384$254$58
33 years$1,146$791$533$353$230$50
34 years$1,100$750$498$324$208$43
35 years$1,057$711$466$299$188$37
36 years$1,016$675$436$275$171$31
37 years$978$641$408$253$155$27
38 years$942$609$382$234$140$23
39 years$908$579$358$215$127$20
40 years$875$551$335$199$115$17
41 years$844$525$315$183$105$14
42 years$815$500$295$169$95$12
43 years$787$476$277$156$86$11
44 years$760$454$260$144$78$9
45 years$735$433$244$133$71$8
46 years$711$413$229$123$64$7
47 years$688$394$215$114$59$6
48 years$666$376$202$105$53$5
49 years$645$359$190$97$48$4
50 years$625$343$179$90$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $640,000, adding $6,629 every year, while hoping to spend $44,122 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: 87/6/7 Blend
53$640,000$640,000$640,000$640,000
54$712,118$678,198$668,278$773,125
55$737,808$664,484$643,720$800,173
56$764,641$648,620$616,860$823,095
57$792,684$630,452$587,575$846,863
58$822,015$609,821$555,736$871,530
59$852,715$586,557$521,207$897,153
60$884,871$560,478$483,847$923,796
61$918,581$531,394$443,509$951,529
62$953,948$499,104$400,039$980,427
63$991,086$463,395$353,275$1,010,574
64$1,030,116$424,041$303,049$1,042,062
65$1,071,172$380,803$249,185$1,074,990
66$1,114,399$333,430$191,501$1,109,468
67$1,159,956$281,656$129,804$1,145,619
68$1,208,014$225,200$63,895$1,183,574
69$1,258,760$163,764$0$1,223,480
70$1,312,400$97,035$0$1,265,979
71$1,369,157$24,681$0$1,315,891
72$1,429,274$0$0$1,368,650
73$1,493,017$0$0$1,428,030
74$1,560,678$0$0$1,492,792
75$1,632,574$0$0$1,561,612
76$1,709,054$0$0$1,634,823
77$1,790,499$0$0$1,712,791
78$1,877,325$0$0$1,795,914
79$1,969,990$0$0$1,884,631
80$2,068,994$0$0$1,979,421
81$2,174,885$0$0$2,080,811
82$2,288,265$0$0$2,189,376
83$2,409,793$0$0$2,305,749
84$2,540,193$0$0$2,430,623
85$2,680,259$0$0$2,564,760
86$2,830,861$0$0$2,708,994
87$2,992,958$0$0$2,864,243
88$3,167,599$0$0$3,031,514
89$3,355,939$0$0$3,211,913
90$3,559,244$0$0$3,406,654
91$3,778,907$0$0$3,617,074
92$4,016,460$0$0$3,844,639
93$4,273,585$0$0$4,090,962
94$4,552,131$0$0$4,357,817
95$4,854,132$0$0$4,647,153
96$5,181,823$0$0$4,961,113
97$5,537,666$0$0$5,302,056
98$5,924,364$0$0$5,672,575
99$6,344,894$0$0$6,075,522
100$6,802,529$0$0$6,514,036