Can I retire at age 54 with 644,000?

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 $644,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$53,181$52,707$52,245$51,794$51,353$50,112
2 years$26,327$25,837$25,362$24,901$24,454$23,211
3 years$17,377$16,885$16,411$15,954$15,515$14,308
4 years$12,903$12,412$11,943$11,494$11,065$9,905
5 years$10,219$9,731$9,268$8,829$8,412$7,301
6 years$8,431$7,946$7,490$7,060$6,656$5,596
7 years$7,153$6,673$6,224$5,805$5,413$4,404
8 years$6,196$5,720$5,279$4,869$4,491$3,532
9 years$5,452$4,980$4,546$4,148$3,782$2,873
10 years$4,857$4,390$3,964$3,575$3,222$2,362
11 years$4,370$3,908$3,490$3,112$2,771$1,958
12 years$3,965$3,508$3,097$2,729$2,401$1,634
13 years$3,623$3,170$2,767$2,410$2,094$1,372
14 years$3,329$2,881$2,486$2,139$1,836$1,156
15 years$3,075$2,632$2,245$1,908$1,616$978
16 years$2,853$2,415$2,035$1,708$1,428$830
17 years$2,657$2,224$1,852$1,535$1,267$706
18 years$2,484$2,055$1,690$1,383$1,126$602
19 years$2,328$1,905$1,548$1,250$1,004$514
20 years$2,189$1,770$1,420$1,132$897$440
21 years$2,063$1,649$1,306$1,027$802$376
22 years$1,948$1,539$1,204$934$719$323
23 years$1,844$1,439$1,112$851$646$277
24 years$1,748$1,349$1,028$776$580$238
25 years$1,660$1,266$952$708$522$204
26 years$1,579$1,189$883$648$470$176
27 years$1,505$1,119$820$593$424$151
28 years$1,435$1,055$762$543$383$130
29 years$1,371$995$709$498$346$112
30 years$1,311$940$661$457$312$96
31 years$1,255$888$616$420$282$83
32 years$1,202$841$575$386$255$72
33 years$1,153$796$537$355$231$62
34 years$1,107$754$501$327$209$53
35 years$1,064$716$469$301$189$46
36 years$1,023$679$439$277$172$39
37 years$984$645$411$255$156$34
38 years$948$613$384$235$141$29
39 years$913$583$360$217$128$25
40 years$880$555$338$200$116$22
41 years$849$528$317$184$105$19
42 years$820$503$297$170$96$16
43 years$792$479$279$157$87$14
44 years$765$457$262$145$79$12
45 years$740$435$246$134$71$10
46 years$715$415$231$124$65$9
47 years$692$396$217$114$59$8
48 years$670$378$204$106$53$7
49 years$649$361$191$98$49$6
50 years$629$345$180$90$44$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $644,000, adding $2,495 every year, while hoping to spend $45,636 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: 66/22/12 Blend
53$644,000$644,000$644,000$644,000
54$712,262$678,130$668,148$757,193
55$736,356$662,802$641,974$772,133
56$761,378$645,193$613,394$782,850
57$787,375$625,144$582,280$793,401
58$814,397$602,485$548,495$803,769
59$842,495$577,037$511,900$813,932
60$871,729$548,611$472,347$823,871
61$902,158$517,005$429,684$833,564
62$933,848$482,009$383,748$842,991
63$966,871$443,397$334,374$852,131
64$1,001,301$400,934$281,385$860,963
65$1,037,222$354,367$224,599$869,465
66$1,074,721$303,433$163,826$877,618
67$1,113,893$247,852$98,864$885,402
68$1,154,841$187,328$29,508$892,798
69$1,197,678$121,550$0$899,788
70$1,242,522$50,187$0$912,054
71$1,289,505$0$0$928,285
72$1,338,768$0$0$951,280
73$1,390,465$0$0$988,174
74$1,444,761$0$0$1,026,936
75$1,501,839$0$0$1,067,698
76$1,561,894$0$0$1,110,601
77$1,625,141$0$0$1,155,803
78$1,691,814$0$0$1,203,470
79$1,762,165$0$0$1,253,787
80$1,836,473$0$0$1,306,954
81$1,915,039$0$0$1,363,191
82$1,998,193$0$0$1,422,737
83$2,086,295$0$0$1,485,852
84$2,179,739$0$0$1,552,821
85$2,278,954$0$0$1,623,957
86$2,384,411$0$0$1,699,600
87$2,496,623$0$0$1,780,124
88$2,616,156$0$0$1,865,937
89$2,743,624$0$0$1,957,486
90$2,879,703$0$0$2,055,262
91$3,025,133$0$0$2,159,802
92$3,180,727$0$0$2,271,694
93$3,347,372$0$0$2,391,584
94$3,526,044$0$0$2,520,181
95$3,717,814$0$0$2,658,261
96$3,923,857$0$0$2,806,678
97$4,145,460$0$0$2,966,367
98$4,384,041$0$0$3,138,357
99$4,641,152$0$0$3,323,777
100$4,918,502$0$0$3,523,867