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%13.9%
1 years$53,181$52,707$52,245$51,794$51,353$50,524
2 years$26,327$25,837$25,362$24,901$24,454$23,620
3 years$17,377$16,885$16,411$15,954$15,515$14,703
4 years$12,903$12,412$11,943$11,494$11,065$10,282
5 years$10,219$9,731$9,268$8,829$8,412$7,659
6 years$8,431$7,946$7,490$7,060$6,656$5,934
7 years$7,153$6,673$6,224$5,805$5,413$4,723
8 years$6,196$5,720$5,279$4,869$4,491$3,832
9 years$5,452$4,980$4,546$4,148$3,782$3,154
10 years$4,857$4,390$3,964$3,575$3,222$2,626
11 years$4,370$3,908$3,490$3,112$2,771$2,205
12 years$3,965$3,508$3,097$2,729$2,401$1,864
13 years$3,623$3,170$2,767$2,410$2,094$1,585
14 years$3,329$2,881$2,486$2,139$1,836$1,354
15 years$3,075$2,632$2,245$1,908$1,616$1,162
16 years$2,853$2,415$2,035$1,708$1,428$1,000
17 years$2,657$2,224$1,852$1,535$1,267$863
18 years$2,484$2,055$1,690$1,383$1,126$746
19 years$2,328$1,905$1,548$1,250$1,004$647
20 years$2,189$1,770$1,420$1,132$897$562
21 years$2,063$1,649$1,306$1,027$802$488
22 years$1,948$1,539$1,204$934$719$425
23 years$1,844$1,439$1,112$851$646$371
24 years$1,748$1,349$1,028$776$580$323
25 years$1,660$1,266$952$708$522$282
26 years$1,579$1,189$883$648$470$247
27 years$1,505$1,119$820$593$424$216
28 years$1,435$1,055$762$543$383$189
29 years$1,371$995$709$498$346$165
30 years$1,311$940$661$457$312$144
31 years$1,255$888$616$420$282$126
32 years$1,202$841$575$386$255$111
33 years$1,153$796$537$355$231$97
34 years$1,107$754$501$327$209$85
35 years$1,064$716$469$301$189$75
36 years$1,023$679$439$277$172$65
37 years$984$645$411$255$156$57
38 years$948$613$384$235$141$50
39 years$913$583$360$217$128$44
40 years$880$555$338$200$116$39
41 years$849$528$317$184$105$34
42 years$820$503$297$170$96$30
43 years$792$479$279$157$87$26
44 years$765$457$262$145$79$23
45 years$740$435$246$134$71$20
46 years$715$415$231$124$65$18
47 years$692$396$217$114$59$16
48 years$670$378$204$106$53$14
49 years$649$361$191$98$49$12
50 years$629$345$180$90$44$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $644,000, adding $4,878 every year, while hoping to spend $34,614 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: 70/5/25 Blend
53$644,000$644,000$644,000$644,000
54$714,720$680,588$670,606$759,886
55$750,792$677,107$656,242$787,260
56$789,384$672,297$640,237$812,737
57$830,715$666,053$622,499$839,808
58$875,028$658,270$602,933$868,629
59$922,587$648,832$581,437$899,372
60$973,684$637,618$557,909$932,229
61$1,028,639$624,499$532,237$967,411
62$1,087,801$609,341$504,308$1,005,153
63$1,151,557$591,999$474,003$1,045,713
64$1,220,328$572,319$441,195$1,089,376
65$1,294,581$550,142$405,754$1,136,461
66$1,374,826$525,297$367,544$1,187,316
67$1,461,624$497,602$326,422$1,242,329
68$1,555,592$466,867$282,240$1,301,926
69$1,657,408$432,889$234,841$1,366,582
70$1,767,819$395,456$184,064$1,436,817
71$1,887,645$354,342$129,738$1,513,209
72$2,017,787$309,307$71,687$1,596,397
73$2,159,238$260,100$9,725$1,687,083
74$2,313,090$206,454$0$1,786,048
75$2,480,543$148,089$0$1,909,195
76$2,662,920$84,706$0$2,046,176
77$2,861,674$15,993$0$2,195,499
78$3,078,405$0$0$2,358,380
79$3,314,876$0$0$2,539,372
80$3,573,024$0$0$2,737,950
81$3,854,985$0$0$2,954,878
82$4,163,107$0$0$3,191,970
83$4,499,977$0$0$3,451,219
84$4,868,444$0$0$3,734,822
85$5,271,642$0$0$4,045,197
86$5,713,025$0$0$4,385,008
87$6,196,395$0$0$4,757,186
88$6,725,939$0$0$5,164,960
89$7,306,268$0$0$5,611,888
90$7,942,460$0$0$6,101,886
91$8,640,109$0$0$6,639,267
92$9,405,375$0$0$7,228,783
93$10,245,044$0$0$7,875,668
94$11,166,588$0$0$8,585,686
95$12,178,242$0$0$9,365,186
96$13,289,073$0$0$10,221,164
97$14,509,071$0$0$11,161,325
98$15,849,241$0$0$12,194,157
99$17,321,707$0$0$13,329,010
100$18,939,823$0$0$14,576,187