Can I retire at age 54 with 644,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.2%
1 years$53,181$52,707$52,245$51,794$51,353$50,051
2 years$26,327$25,837$25,362$24,901$24,454$23,150
3 years$17,377$16,885$16,411$15,954$15,515$14,250
4 years$12,903$12,412$11,943$11,494$11,065$9,850
5 years$10,219$9,731$9,268$8,829$8,412$7,249
6 years$8,431$7,946$7,490$7,060$6,656$5,547
7 years$7,153$6,673$6,224$5,805$5,413$4,358
8 years$6,196$5,720$5,279$4,869$4,491$3,489
9 years$5,452$4,980$4,546$4,148$3,782$2,833
10 years$4,857$4,390$3,964$3,575$3,222$2,325
11 years$4,370$3,908$3,490$3,112$2,771$1,924
12 years$3,965$3,508$3,097$2,729$2,401$1,602
13 years$3,623$3,170$2,767$2,410$2,094$1,342
14 years$3,329$2,881$2,486$2,139$1,836$1,129
15 years$3,075$2,632$2,245$1,908$1,616$953
16 years$2,853$2,415$2,035$1,708$1,428$807
17 years$2,657$2,224$1,852$1,535$1,267$685
18 years$2,484$2,055$1,690$1,383$1,126$583
19 years$2,328$1,905$1,548$1,250$1,004$496
20 years$2,189$1,770$1,420$1,132$897$424
21 years$2,063$1,649$1,306$1,027$802$362
22 years$1,948$1,539$1,204$934$719$310
23 years$1,844$1,439$1,112$851$646$265
24 years$1,748$1,349$1,028$776$580$227
25 years$1,660$1,266$952$708$522$195
26 years$1,579$1,189$883$648$470$167
27 years$1,505$1,119$820$593$424$143
28 years$1,435$1,055$762$543$383$123
29 years$1,371$995$709$498$346$106
30 years$1,311$940$661$457$312$91
31 years$1,255$888$616$420$282$78
32 years$1,202$841$575$386$255$67
33 years$1,153$796$537$355$231$58
34 years$1,107$754$501$327$209$49
35 years$1,064$716$469$301$189$43
36 years$1,023$679$439$277$172$37
37 years$984$645$411$255$156$31
38 years$948$613$384$235$141$27
39 years$913$583$360$217$128$23
40 years$880$555$338$200$116$20
41 years$849$528$317$184$105$17
42 years$820$503$297$170$96$15
43 years$792$479$279$157$87$13
44 years$765$457$262$145$79$11
45 years$740$435$246$134$71$9
46 years$715$415$231$124$65$8
47 years$692$396$217$114$59$7
48 years$670$378$204$106$53$6
49 years$649$361$191$98$49$5
50 years$629$345$180$90$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $644,000, adding $3,158 every year, while hoping to spend $21,527 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: 37/37/26 Blend
53$644,000$644,000$644,000$644,000
54$712,945$678,813$668,831$733,676
55$762,761$689,171$668,333$759,563
56$816,937$699,314$667,096$785,304
57$875,894$709,210$665,073$812,689
58$940,098$718,824$662,215$841,880
59$1,010,058$728,116$658,470$873,057
60$1,086,337$737,047$653,782$906,418
61$1,169,554$745,573$648,095$942,185
62$1,260,391$753,648$641,348$980,600
63$1,359,596$761,223$633,478$1,021,933
64$1,467,995$768,243$624,420$1,066,482
65$1,586,498$774,654$614,105$1,114,579
66$1,716,104$780,395$602,461$1,166,587
67$1,857,915$785,403$589,412$1,222,912
68$2,013,144$789,609$574,879$1,284,000
69$2,183,126$792,942$558,779$1,350,345
70$2,369,333$795,324$541,026$1,422,495
71$2,573,384$796,674$521,529$1,501,054
72$2,797,063$796,905$500,194$1,586,690
73$3,042,335$795,925$476,922$1,680,143
74$3,311,364$793,636$451,610$1,782,228
75$3,606,533$789,934$424,149$1,893,848
76$3,930,468$784,709$394,427$2,016,002
77$4,286,060$777,845$362,325$2,149,790
78$4,676,496$769,216$327,720$2,296,430
79$5,105,283$758,693$290,483$2,457,269
80$5,576,288$746,135$250,480$2,633,791
81$6,093,769$731,395$207,571$2,827,639
82$6,662,417$714,317$161,608$3,040,625
83$7,287,400$694,735$112,439$3,274,750
84$7,974,412$672,474$59,903$3,532,226
85$8,729,725$647,349$3,833$3,815,494
86$9,560,252$619,163$0$4,127,249
87$10,473,605$587,710$0$4,486,002
88$11,478,173$552,768$0$4,881,645
89$12,583,200$514,107$0$5,316,793
90$13,798,868$471,480$0$5,795,502
91$15,136,398$424,628$0$6,322,246
92$16,608,153$373,277$0$6,901,959
93$18,227,754$317,137$0$7,540,081
94$20,010,209$255,901$0$8,242,614
95$21,972,057$189,247$0$9,016,173
96$24,131,518$116,831$0$9,868,056
97$26,508,672$38,295$0$10,806,309
98$29,125,640$0$0$11,839,803
99$32,006,802$0$0$12,997,355
100$35,179,018$0$0$14,289,122