Can I retire at age 54 with 641,000?

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 $641,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$52,933$52,462$52,002$51,553$51,114$49,478
2 years$26,205$25,717$25,244$24,785$24,340$22,707
3 years$17,296$16,806$16,334$15,880$15,442$13,863
4 years$12,843$12,354$11,887$11,441$11,014$9,501
5 years$10,172$9,686$9,225$8,787$8,372$6,930
6 years$8,391$7,909$7,455$7,027$6,625$5,253
7 years$7,120$6,642$6,195$5,778$5,388$4,088
8 years$6,167$5,694$5,254$4,847$4,470$3,240
9 years$5,426$4,957$4,525$4,128$3,764$2,604
10 years$4,834$4,370$3,945$3,559$3,207$2,114
11 years$4,350$3,890$3,473$3,097$2,758$1,730
12 years$3,947$3,491$3,083$2,717$2,390$1,425
13 years$3,606$3,155$2,754$2,398$2,084$1,180
14 years$3,314$2,868$2,474$2,129$1,827$981
15 years$3,061$2,620$2,234$1,899$1,609$818
16 years$2,840$2,404$2,026$1,700$1,422$685
17 years$2,645$2,214$1,843$1,527$1,261$574
18 years$2,472$2,046$1,683$1,377$1,121$482
19 years$2,318$1,896$1,540$1,244$999$405
20 years$2,179$1,762$1,414$1,127$892$342
21 years$2,053$1,641$1,300$1,022$799$288
22 years$1,939$1,532$1,198$930$716$243
23 years$1,835$1,433$1,107$847$643$205
24 years$1,740$1,342$1,023$772$578$174
25 years$1,653$1,260$948$705$520$147
26 years$1,572$1,184$879$645$468$124
27 years$1,498$1,114$816$590$422$105
28 years$1,429$1,050$759$541$381$89
29 years$1,365$990$706$496$344$75
30 years$1,305$935$658$455$311$64
31 years$1,249$884$613$418$281$54
32 years$1,197$837$572$384$254$46
33 years$1,148$792$534$353$230$39
34 years$1,102$751$499$325$208$33
35 years$1,059$712$467$299$189$28
36 years$1,018$676$437$276$171$24
37 years$980$642$409$254$155$20
38 years$943$610$383$234$140$17
39 years$909$580$358$216$127$14
40 years$876$552$336$199$115$12
41 years$845$526$315$184$105$10
42 years$816$500$296$169$95$9
43 years$788$477$277$156$86$7
44 years$762$455$260$144$78$6
45 years$736$433$244$133$71$5
46 years$712$414$230$123$65$5
47 years$689$395$216$114$59$4
48 years$667$377$203$105$53$3
49 years$646$360$191$97$48$3
50 years$626$344$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 $641,000, adding $5,659 every year, while hoping to spend $25,258 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: 65/14/21 Blend
53$641,000$641,000$641,000$641,000
54$712,219$678,246$668,311$754,349
55$757,991$684,606$663,825$789,719
56$807,586$690,431$658,342$824,977
57$861,365$695,668$651,803$862,919
58$919,730$700,261$644,143$903,810
59$983,118$704,150$635,298$947,941
60$1,052,014$707,271$625,198$995,634
61$1,126,949$709,556$613,772$1,047,245
62$1,208,507$710,934$600,943$1,103,165
63$1,297,333$711,328$586,632$1,163,827
64$1,394,133$710,656$570,757$1,229,708
65$1,499,689$708,832$553,231$1,301,335
66$1,614,856$705,764$533,964$1,379,290
67$1,740,580$701,355$512,860$1,464,214
68$1,877,900$695,502$489,821$1,556,815
69$2,027,959$688,095$464,744$1,657,874
70$2,192,018$679,018$437,520$1,768,252
71$2,371,462$668,149$408,035$1,888,901
72$2,567,820$655,356$376,173$2,020,869
73$2,782,771$640,503$341,808$2,165,314
74$3,018,169$623,442$304,813$2,323,513
75$3,276,050$604,019$265,053$2,496,874
76$3,558,662$582,070$222,387$2,686,952
77$3,868,476$557,422$176,668$2,895,460
78$4,208,217$529,892$127,742$3,124,288
79$4,580,883$499,285$75,450$3,375,524
80$4,989,780$465,396$19,624$3,651,466
81$5,438,545$428,009$0$3,954,652
82$5,931,189$386,894$0$4,296,834
83$6,472,127$341,808$0$4,677,419
84$7,066,223$292,495$0$5,095,451
85$7,718,835$238,686$0$5,554,731
86$8,435,868$180,093$0$6,059,443
87$9,223,824$116,415$0$6,614,201
88$10,089,868$47,333$0$7,224,090
89$11,041,893$0$0$7,894,714
90$12,088,594$0$0$8,636,485
91$13,239,552$0$0$9,460,205
92$14,505,322$0$0$10,366,143
93$15,897,534$0$0$11,362,628
94$17,429,000$0$0$12,458,837
95$19,113,839$0$0$13,664,881
96$20,967,604$0$0$14,991,903
97$23,007,434$0$0$16,452,177
98$25,252,212$0$0$18,059,228
99$27,722,746$0$0$19,827,960
100$30,441,960$0$0$21,774,793