Can I retire at age 54 with 643,000?

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 $643,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$53,098$52,625$52,164$51,714$51,274$49,396
2 years$26,286$25,797$25,322$24,862$24,416$22,545
3 years$17,350$16,858$16,385$15,929$15,491$13,685
4 years$12,883$12,393$11,924$11,476$11,048$9,322
5 years$10,203$9,716$9,254$8,815$8,399$6,756
6 years$8,417$7,934$7,478$7,049$6,645$5,088
7 years$7,142$6,663$6,215$5,796$5,405$3,932
8 years$6,186$5,711$5,270$4,862$4,484$3,095
9 years$5,443$4,973$4,539$4,141$3,776$2,469
10 years$4,849$4,383$3,958$3,570$3,217$1,989
11 years$4,364$3,902$3,484$3,107$2,767$1,616
12 years$3,959$3,502$3,092$2,725$2,398$1,320
13 years$3,617$3,165$2,763$2,406$2,091$1,084
14 years$3,324$2,877$2,482$2,136$1,833$894
15 years$3,070$2,628$2,241$1,905$1,614$739
16 years$2,849$2,411$2,032$1,705$1,426$613
17 years$2,653$2,221$1,849$1,532$1,265$509
18 years$2,480$2,052$1,688$1,381$1,124$424
19 years$2,325$1,902$1,545$1,248$1,002$353
20 years$2,185$1,767$1,418$1,130$895$295
21 years$2,059$1,646$1,304$1,026$801$246
22 years$1,945$1,537$1,202$933$718$206
23 years$1,841$1,437$1,110$849$645$172
24 years$1,745$1,347$1,027$775$579$144
25 years$1,658$1,264$951$707$521$121
26 years$1,577$1,188$882$647$470$101
27 years$1,502$1,118$819$592$423$85
28 years$1,433$1,053$761$542$382$71
29 years$1,369$994$708$497$345$60
30 years$1,309$938$660$456$312$50
31 years$1,253$887$615$419$282$42
32 years$1,201$839$574$385$255$35
33 years$1,152$795$536$354$231$30
34 years$1,105$753$501$326$209$25
35 years$1,062$715$468$300$189$21
36 years$1,021$678$438$276$171$17
37 years$983$644$410$255$155$15
38 years$946$612$384$235$141$12
39 years$912$582$360$216$128$10
40 years$879$554$337$200$116$9
41 years$848$527$316$184$105$7
42 years$819$502$296$170$95$6
43 years$791$478$278$157$87$5
44 years$764$456$261$145$79$4
45 years$739$435$245$134$71$4
46 years$714$415$230$124$65$3
47 years$691$396$216$114$59$3
48 years$669$378$203$106$53$2
49 years$648$361$191$98$49$2
50 years$628$345$180$90$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $643,000, adding $3,442 every year, while hoping to spend $34,159 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: 48/29/23 Blend
53$643,000$643,000$643,000$643,000
54$712,136$678,057$668,091$741,520
55$748,429$674,937$654,127$759,277
56$787,279$670,519$638,551$774,862
57$828,911$664,704$621,271$791,091
58$873,571$657,386$602,195$808,040
59$921,530$648,452$581,223$825,794
60$973,085$637,785$558,253$844,451
61$1,028,561$625,258$533,176$864,119
62$1,088,317$610,739$505,880$884,920
63$1,152,746$594,085$476,247$906,991
64$1,222,279$575,148$444,154$930,486
65$1,297,391$553,770$409,473$955,577
66$1,378,603$529,783$372,069$982,457
67$1,466,488$503,010$331,801$1,011,343
68$1,561,677$473,265$288,523$1,042,475
69$1,664,862$440,348$242,082$1,076,124
70$1,776,804$404,052$192,318$1,112,592
71$1,898,341$364,153$139,064$1,152,213
72$2,030,395$320,420$82,146$1,195,363
73$2,173,978$272,603$21,380$1,242,460
74$2,330,206$220,443$0$1,293,969
75$2,500,305$163,663$0$1,361,075
76$2,685,626$101,972$0$1,439,980
77$2,887,654$35,063$0$1,526,124
78$3,108,023$0$0$1,620,271
79$3,348,534$0$0$1,735,202
80$3,611,166$0$0$1,872,989
81$3,898,102$0$0$2,023,596
82$4,211,740$0$0$2,188,290
83$4,554,725$0$0$2,368,469
84$4,929,966$0$0$2,565,672
85$5,340,667$0$0$2,781,590
86$5,790,357$0$0$3,018,091
87$6,282,921$0$0$3,277,227
88$6,822,637$0$0$3,561,261
89$7,414,219$0$0$3,872,683
90$8,062,856$0$0$4,214,238
91$8,774,264$0$0$4,588,948
92$9,554,739$0$0$5,000,141
93$10,411,216$0$0$5,451,484
94$11,351,333$0$0$5,947,016
95$12,383,504$0$0$6,491,185
96$13,516,998$0$0$7,088,894
97$14,762,026$0$0$7,745,540
98$16,129,835$0$0$8,467,073
99$17,632,816$0$0$9,260,043
100$19,284,619$0$0$10,131,670