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%14.7%
1 years$52,933$52,462$52,002$51,553$51,114$50,123
2 years$26,205$25,717$25,244$24,785$24,340$23,346
3 years$17,296$16,806$16,334$15,880$15,442$14,476
4 years$12,843$12,354$11,887$11,441$11,014$10,082
5 years$10,172$9,686$9,225$8,787$8,372$7,478
6 years$8,391$7,909$7,455$7,027$6,625$5,769
7 years$7,120$6,642$6,195$5,778$5,388$4,571
8 years$6,167$5,694$5,254$4,847$4,470$3,692
9 years$5,426$4,957$4,525$4,128$3,764$3,025
10 years$4,834$4,370$3,945$3,559$3,207$2,505
11 years$4,350$3,890$3,473$3,097$2,758$2,093
12 years$3,947$3,491$3,083$2,717$2,390$1,761
13 years$3,606$3,155$2,754$2,398$2,084$1,489
14 years$3,314$2,868$2,474$2,129$1,827$1,266
15 years$3,061$2,620$2,234$1,899$1,609$1,080
16 years$2,840$2,404$2,026$1,700$1,422$924
17 years$2,645$2,214$1,843$1,527$1,261$793
18 years$2,472$2,046$1,683$1,377$1,121$682
19 years$2,318$1,896$1,540$1,244$999$587
20 years$2,179$1,762$1,414$1,127$892$507
21 years$2,053$1,641$1,300$1,022$799$438
22 years$1,939$1,532$1,198$930$716$379
23 years$1,835$1,433$1,107$847$643$328
24 years$1,740$1,342$1,023$772$578$285
25 years$1,653$1,260$948$705$520$247
26 years$1,572$1,184$879$645$468$214
27 years$1,498$1,114$816$590$422$186
28 years$1,429$1,050$759$541$381$162
29 years$1,365$990$706$496$344$141
30 years$1,305$935$658$455$311$122
31 years$1,249$884$613$418$281$106
32 years$1,197$837$572$384$254$93
33 years$1,148$792$534$353$230$81
34 years$1,102$751$499$325$208$70
35 years$1,059$712$467$299$189$61
36 years$1,018$676$437$276$171$53
37 years$980$642$409$254$155$46
38 years$943$610$383$234$140$40
39 years$909$580$358$216$127$35
40 years$876$552$336$199$115$31
41 years$845$526$315$184$105$27
42 years$816$500$296$169$95$23
43 years$788$477$277$156$86$20
44 years$762$455$260$144$78$18
45 years$736$433$244$133$71$15
46 years$712$414$230$123$65$13
47 years$689$395$216$114$59$12
48 years$667$377$203$105$53$10
49 years$646$360$191$97$48$9
50 years$626$344$179$90$44$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $641,000, adding $6,889 every year, while hoping to spend $46,253 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: 52/22/26 Blend
53$641,000$641,000$641,000$641,000
54$713,488$679,515$669,580$745,083
55$737,051$663,598$642,798$751,800
56$761,467$645,352$613,568$753,839
57$786,775$624,612$581,761$755,124
58$813,014$601,206$547,238$755,602
59$840,229$574,953$509,858$755,217
60$868,464$545,658$469,470$753,911
61$897,770$513,117$425,920$751,623
62$928,197$477,114$379,043$748,290
63$959,802$437,421$328,669$743,844
64$992,643$393,797$274,621$738,217
65$1,026,785$345,985$216,714$731,336
66$1,062,296$293,717$154,752$723,127
67$1,099,249$236,708$88,535$713,510
68$1,137,721$174,656$17,850$702,405
69$1,177,798$107,243$0$689,728
70$1,219,569$34,134$0$691,366
71$1,263,133$0$0$697,577
72$1,308,593$0$0$714,277
73$1,356,065$0$0$740,359
74$1,405,669$0$0$767,627
75$1,457,538$0$0$796,157
76$1,511,816$0$0$826,030
77$1,568,656$0$0$857,332
78$1,628,228$0$0$890,159
79$1,690,712$0$0$924,614
80$1,756,306$0$0$960,809
81$1,825,224$0$0$998,865
82$1,897,701$0$0$1,038,914
83$1,973,988$0$0$1,081,101
84$2,054,362$0$0$1,125,581
85$2,139,124$0$0$1,172,526
86$2,228,601$0$0$1,222,122
87$2,323,151$0$0$1,274,571
88$2,423,162$0$0$1,330,096
89$2,529,060$0$0$1,388,938
90$2,641,310$0$0$1,451,362
91$2,760,419$0$0$1,517,657
92$2,886,943$0$0$1,588,139
93$3,021,489$0$0$1,663,154
94$3,164,721$0$0$1,743,081
95$3,317,367$0$0$1,828,334
96$3,480,222$0$0$1,919,368
97$3,654,160$0$0$2,016,681
98$3,840,136$0$0$2,120,818
99$4,039,200$0$0$2,232,378
100$4,252,500$0$0$2,352,017