Can I retire at age 54 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$53,263$52,789$52,326$51,874$51,433$50,790
2 years$26,368$25,877$25,401$24,940$24,492$23,845
3 years$17,404$16,911$16,436$15,979$15,539$14,908
4 years$12,923$12,431$11,961$11,512$11,082$10,473
5 years$10,235$9,746$9,282$8,842$8,425$7,838
6 years$8,444$7,959$7,502$7,071$6,666$6,103
7 years$7,165$6,684$6,234$5,814$5,421$4,882
8 years$6,206$5,729$5,287$4,877$4,498$3,981
9 years$5,460$4,988$4,554$4,154$3,788$3,295
10 years$4,864$4,397$3,970$3,581$3,227$2,757
11 years$4,377$3,914$3,495$3,116$2,775$2,328
12 years$3,971$3,513$3,102$2,734$2,405$1,980
13 years$3,628$3,175$2,771$2,413$2,097$1,694
14 years$3,334$2,886$2,490$2,142$1,839$1,456
15 years$3,080$2,636$2,248$1,911$1,619$1,257
16 years$2,858$2,419$2,038$1,711$1,431$1,088
17 years$2,662$2,228$1,855$1,537$1,269$945
18 years$2,488$2,058$1,693$1,385$1,128$823
19 years$2,332$1,908$1,550$1,252$1,005$718
20 years$2,192$1,773$1,422$1,134$898$627
21 years$2,066$1,651$1,308$1,029$804$549
22 years$1,951$1,541$1,206$935$720$481
23 years$1,847$1,442$1,113$852$647$423
24 years$1,751$1,351$1,030$777$581$371
25 years$1,663$1,268$954$710$523$326
26 years$1,582$1,191$885$649$471$287
27 years$1,507$1,121$821$594$425$253
28 years$1,438$1,056$764$544$383$223
29 years$1,373$997$711$499$346$196
30 years$1,313$941$662$458$313$173
31 years$1,257$890$617$421$283$153
32 years$1,204$842$576$387$256$135
33 years$1,155$797$538$355$231$119
34 years$1,109$756$502$327$210$105
35 years$1,065$717$470$301$190$93
36 years$1,024$680$439$277$172$82
37 years$986$646$411$255$156$73
38 years$949$614$385$235$141$64
39 years$915$584$361$217$128$57
40 years$882$556$338$200$116$50
41 years$851$529$317$185$105$44
42 years$821$504$297$171$96$39
43 years$793$480$279$157$87$35
44 years$766$457$262$145$79$31
45 years$741$436$246$134$72$27
46 years$717$416$231$124$65$24
47 years$693$397$217$115$59$21
48 years$671$379$204$106$54$19
49 years$650$362$192$98$49$17
50 years$630$346$180$90$44$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $645,000, adding $5,949 every year, while hoping to spend $34,672 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: 53/25/22 Blend
53$645,000$645,000$645,000$645,000
54$716,926$682,741$672,744$750,287
55$753,162$679,305$658,390$770,456
56$791,932$674,538$642,393$788,298
57$833,457$668,339$624,662$806,983
58$877,982$660,600$605,100$826,601
59$925,773$651,206$583,608$847,258
60$977,123$640,036$560,080$869,068
61$1,032,354$626,962$534,407$892,160
62$1,091,819$611,848$506,474$916,679
63$1,155,905$594,549$476,162$942,787
64$1,225,039$574,913$443,344$970,664
65$1,299,688$552,779$407,892$1,000,511
66$1,380,366$527,976$369,667$1,032,553
67$1,467,640$500,323$328,526$1,067,040
68$1,562,129$469,629$284,322$1,104,251
69$1,664,517$435,692$236,898$1,144,497
70$1,775,555$398,297$186,091$1,188,124
71$1,896,068$357,221$131,732$1,235,515
72$2,026,965$312,222$73,643$1,287,099
73$2,169,245$263,050$11,639$1,343,351
74$2,324,006$209,438$0$1,404,798
75$2,492,458$151,104$0$1,484,830
76$2,675,931$87,751$0$1,575,043
77$2,875,890$19,065$0$1,673,475
78$3,093,946$0$0$1,780,981
79$3,331,872$0$0$1,913,712
80$3,591,620$0$0$2,064,403
81$3,875,339$0$0$2,229,063
82$4,185,395$0$0$2,409,071
83$4,524,391$0$0$2,605,949
84$4,895,196$0$0$2,821,370
85$5,300,967$0$0$3,057,176
86$5,745,180$0$0$3,315,397
87$6,231,663$0$0$3,598,269
88$6,764,632$0$0$3,908,251
89$7,348,731$0$0$4,248,054
90$7,989,072$0$0$4,620,664
91$8,691,287$0$0$5,029,369
92$9,461,579$0$0$5,477,789
93$10,306,779$0$0$5,969,914
94$11,234,414$0$0$6,510,138
95$12,252,773$0$0$7,103,300
96$13,370,986$0$0$7,754,733
97$14,599,112$0$0$8,470,308
98$15,948,232$0$0$9,256,497
99$17,430,553$0$0$10,120,428
100$19,059,522$0$0$11,069,951