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%17%
1 years$53,098$52,625$52,164$51,714$51,274$49,812
2 years$26,286$25,797$25,322$24,862$24,416$22,955
3 years$17,350$16,858$16,385$15,929$15,491$14,076
4 years$12,883$12,393$11,924$11,476$11,048$9,690
5 years$10,203$9,716$9,254$8,815$8,399$7,101
6 years$8,417$7,934$7,478$7,049$6,645$5,410
7 years$7,142$6,663$6,215$5,796$5,405$4,231
8 years$6,186$5,711$5,270$4,862$4,484$3,372
9 years$5,443$4,973$4,539$4,141$3,776$2,724
10 years$4,849$4,383$3,958$3,570$3,217$2,224
11 years$4,364$3,902$3,484$3,107$2,767$1,831
12 years$3,959$3,502$3,092$2,725$2,398$1,518
13 years$3,617$3,165$2,763$2,406$2,091$1,264
14 years$3,324$2,877$2,482$2,136$1,833$1,058
15 years$3,070$2,628$2,241$1,905$1,614$888
16 years$2,849$2,411$2,032$1,705$1,426$747
17 years$2,653$2,221$1,849$1,532$1,265$631
18 years$2,480$2,052$1,688$1,381$1,124$533
19 years$2,325$1,902$1,545$1,248$1,002$452
20 years$2,185$1,767$1,418$1,130$895$383
21 years$2,059$1,646$1,304$1,026$801$325
22 years$1,945$1,537$1,202$933$718$276
23 years$1,841$1,437$1,110$849$645$235
24 years$1,745$1,347$1,027$775$579$200
25 years$1,658$1,264$951$707$521$171
26 years$1,577$1,188$882$647$470$145
27 years$1,502$1,118$819$592$423$124
28 years$1,433$1,053$761$542$382$106
29 years$1,369$994$708$497$345$90
30 years$1,309$938$660$456$312$77
31 years$1,253$887$615$419$282$66
32 years$1,201$839$574$385$255$56
33 years$1,152$795$536$354$231$48
34 years$1,105$753$501$326$209$41
35 years$1,062$715$468$300$189$35
36 years$1,021$678$438$276$171$30
37 years$983$644$410$255$155$25
38 years$946$612$384$235$141$22
39 years$912$582$360$216$128$19
40 years$879$554$337$200$116$16
41 years$848$527$316$184$105$14
42 years$819$502$296$170$95$12
43 years$791$478$278$157$87$10
44 years$764$456$261$145$79$8
45 years$739$435$245$134$71$7
46 years$714$415$230$124$65$6
47 years$691$396$216$114$59$5
48 years$669$378$203$106$53$5
49 years$648$361$191$98$49$4
50 years$628$345$180$90$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $643,000, adding $2,703 every year, while hoping to spend $27,476 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: 71/8/21 Blend
53$643,000$643,000$643,000$643,000
54$711,374$677,295$667,329$758,033
55$754,700$681,248$660,450$793,441
56$801,524$684,474$652,420$828,682
57$852,175$686,909$643,171$866,588
58$907,012$688,482$632,632$907,420
59$966,432$689,122$620,730$951,466
60$1,030,870$688,751$607,386$999,043
61$1,100,805$687,287$592,521$1,050,502
62$1,176,764$684,641$576,047$1,106,230
63$1,259,328$680,722$557,878$1,166,652
64$1,349,132$675,431$537,920$1,232,240
65$1,446,879$668,662$516,076$1,303,512
66$1,553,341$660,307$492,245$1,381,041
67$1,669,366$650,246$466,320$1,465,458
68$1,795,890$638,357$438,190$1,557,462
69$1,933,942$624,507$407,740$1,657,820
70$2,084,652$608,557$374,848$1,767,380
71$2,249,269$590,359$339,388$1,887,079
72$2,429,165$569,756$301,227$2,017,948
73$2,625,849$546,584$260,228$2,161,125
74$2,840,986$520,667$216,246$2,317,866
75$3,076,407$491,820$169,131$2,489,556
76$3,334,129$459,847$118,725$2,677,722
77$3,616,372$424,541$64,864$2,884,049
78$3,925,582$385,684$7,376$3,110,395
79$4,264,452$343,043$0$3,358,810
80$4,635,948$296,374$0$3,643,645
81$5,043,337$245,419$0$3,957,852
82$5,490,217$189,904$0$4,302,565
83$5,980,552$129,542$0$4,680,863
84$6,518,706$64,027$0$5,096,134
85$7,109,488$0$0$5,552,114
86$7,758,196$0$0$6,053,531
87$8,470,662$0$0$6,610,455
88$9,253,316$0$0$7,222,279
89$10,113,238$0$0$7,894,541
90$11,058,229$0$0$8,633,346
91$12,096,882$0$0$9,445,416
92$13,238,666$0$0$10,338,158
93$14,494,010$0$0$11,319,733
94$15,874,406$0$0$12,399,132
95$17,392,517$0$0$13,586,260
96$19,062,290$0$0$14,892,032
97$20,899,097$0$0$16,328,471
98$22,919,869$0$0$17,908,827
99$25,143,266$0$0$19,647,697
100$27,589,846$0$0$21,561,165