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%14.9%
1 years$53,181$52,707$52,245$51,794$51,353$50,317
2 years$26,327$25,837$25,362$24,901$24,454$23,414
3 years$17,377$16,885$16,411$15,954$15,515$14,504
4 years$12,903$12,412$11,943$11,494$11,065$10,091
5 years$10,219$9,731$9,268$8,829$8,412$7,478
6 years$8,431$7,946$7,490$7,060$6,656$5,763
7 years$7,153$6,673$6,224$5,805$5,413$4,561
8 years$6,196$5,720$5,279$4,869$4,491$3,679
9 years$5,452$4,980$4,546$4,148$3,782$3,010
10 years$4,857$4,390$3,964$3,575$3,222$2,490
11 years$4,370$3,908$3,490$3,112$2,771$2,078
12 years$3,965$3,508$3,097$2,729$2,401$1,746
13 years$3,623$3,170$2,767$2,410$2,094$1,475
14 years$3,329$2,881$2,486$2,139$1,836$1,252
15 years$3,075$2,632$2,245$1,908$1,616$1,066
16 years$2,853$2,415$2,035$1,708$1,428$911
17 years$2,657$2,224$1,852$1,535$1,267$781
18 years$2,484$2,055$1,690$1,383$1,126$670
19 years$2,328$1,905$1,548$1,250$1,004$577
20 years$2,189$1,770$1,420$1,132$897$497
21 years$2,063$1,649$1,306$1,027$802$429
22 years$1,948$1,539$1,204$934$719$371
23 years$1,844$1,439$1,112$851$646$320
24 years$1,748$1,349$1,028$776$580$277
25 years$1,660$1,266$952$708$522$240
26 years$1,579$1,189$883$648$470$208
27 years$1,505$1,119$820$593$424$181
28 years$1,435$1,055$762$543$383$157
29 years$1,371$995$709$498$346$136
30 years$1,311$940$661$457$312$118
31 years$1,255$888$616$420$282$103
32 years$1,202$841$575$386$255$89
33 years$1,153$796$537$355$231$77
34 years$1,107$754$501$327$209$67
35 years$1,064$716$469$301$189$58
36 years$1,023$679$439$277$172$51
37 years$984$645$411$255$156$44
38 years$948$613$384$235$141$38
39 years$913$583$360$217$128$33
40 years$880$555$338$200$116$29
41 years$849$528$317$184$105$25
42 years$820$503$297$170$96$22
43 years$792$479$279$157$87$19
44 years$765$457$262$145$79$17
45 years$740$435$246$134$71$14
46 years$715$415$231$124$65$13
47 years$692$396$217$114$59$11
48 years$670$378$204$106$53$10
49 years$649$361$191$98$49$8
50 years$629$345$180$90$44$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $644,000, adding $6,912 every year, while hoping to spend $56,657 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: 55/24/21 Blend
53$644,000$644,000$644,000$644,000
54$716,818$682,686$672,704$751,802
55$729,651$655,855$634,957$749,682
56$741,893$625,810$594,046$740,801
57$753,426$592,335$549,807$729,909
58$764,115$555,198$502,064$716,828
59$773,810$514,158$450,639$701,366
60$782,344$468,958$395,341$683,319
61$789,532$419,325$335,973$662,460
62$795,165$364,973$272,329$638,549
63$799,013$305,598$204,194$611,323
64$800,820$240,880$131,342$580,496
65$800,302$170,481$53,540$545,760
66$797,141$94,043$0$506,780
67$790,986$11,188$0$469,802
68$781,449$0$0$441,054
69$768,097$0$0$428,888
70$750,452$0$0$417,038
71$727,984$0$0$402,229
72$700,104$0$0$384,103
73$666,164$0$0$362,264
74$625,444$0$0$336,276
75$577,146$0$0$305,655
76$520,392$0$0$269,865
77$454,206$0$0$228,316
78$377,513$0$0$180,352
79$289,121$0$0$125,251
80$187,717$0$0$62,216
81$71,846$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0