Can I retire at age 54 with 645,000?

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 $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%16.7%
1 years$53,263$52,789$52,326$51,874$51,433$50,028
2 years$26,368$25,877$25,401$24,940$24,492$23,086
3 years$17,404$16,911$16,436$15,979$15,539$14,177
4 years$12,923$12,431$11,961$11,512$11,082$9,774
5 years$10,235$9,746$9,282$8,842$8,425$7,175
6 years$8,444$7,959$7,502$7,071$6,666$5,475
7 years$7,165$6,684$6,234$5,814$5,421$4,289
8 years$6,206$5,729$5,287$4,877$4,498$3,424
9 years$5,460$4,988$4,554$4,154$3,788$2,771
10 years$4,864$4,397$3,970$3,581$3,227$2,267
11 years$4,377$3,914$3,495$3,116$2,775$1,870
12 years$3,971$3,513$3,102$2,734$2,405$1,553
13 years$3,628$3,175$2,771$2,413$2,097$1,296
14 years$3,334$2,886$2,490$2,142$1,839$1,087
15 years$3,080$2,636$2,248$1,911$1,619$914
16 years$2,858$2,419$2,038$1,711$1,431$771
17 years$2,662$2,228$1,855$1,537$1,269$652
18 years$2,488$2,058$1,693$1,385$1,128$553
19 years$2,332$1,908$1,550$1,252$1,005$469
20 years$2,192$1,773$1,422$1,134$898$399
21 years$2,066$1,651$1,308$1,029$804$339
22 years$1,951$1,541$1,206$935$720$289
23 years$1,847$1,442$1,113$852$647$247
24 years$1,751$1,351$1,030$777$581$210
25 years$1,663$1,268$954$710$523$180
26 years$1,582$1,191$885$649$471$153
27 years$1,507$1,121$821$594$425$131
28 years$1,438$1,056$764$544$383$112
29 years$1,373$997$711$499$346$96
30 years$1,313$941$662$458$313$82
31 years$1,257$890$617$421$283$70
32 years$1,204$842$576$387$256$60
33 years$1,155$797$538$355$231$51
34 years$1,109$756$502$327$210$44
35 years$1,065$717$470$301$190$38
36 years$1,024$680$439$277$172$32
37 years$986$646$411$255$156$28
38 years$949$614$385$235$141$24
39 years$915$584$361$217$128$20
40 years$882$556$338$200$116$17
41 years$851$529$317$185$105$15
42 years$821$504$297$171$96$13
43 years$793$480$279$157$87$11
44 years$766$457$262$145$79$9
45 years$741$436$246$134$72$8
46 years$717$416$231$124$65$7
47 years$693$397$217$115$59$6
48 years$671$379$204$106$54$5
49 years$650$362$192$98$49$4
50 years$630$346$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 $645,000, adding $5,543 every year, while hoping to spend $25,631 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: 53/32/15 Blend
53$645,000$645,000$645,000$645,000
54$716,508$682,323$672,325$751,325
55$762,320$688,485$667,577$781,881
56$811,947$694,091$661,810$811,918
57$865,749$699,085$654,965$844,023
58$924,125$703,410$646,976$878,400
59$987,512$707,004$637,776$915,273
60$1,056,393$709,801$627,296$954,891
61$1,131,296$711,733$615,462$997,527
62$1,212,805$712,724$602,196$1,043,487
63$1,301,560$712,697$587,419$1,093,105
64$1,398,268$711,567$571,046$1,146,753
65$1,503,704$709,246$552,988$1,204,840
66$1,618,722$705,640$533,154$1,267,821
67$1,744,265$700,650$511,448$1,336,195
68$1,881,367$694,168$487,768$1,410,517
69$2,031,167$686,083$462,009$1,491,398
70$2,194,921$676,276$434,061$1,579,515
71$2,374,009$664,620$403,809$1,675,613
72$2,569,954$650,983$371,132$1,780,518
73$2,784,430$635,221$335,906$1,895,142
74$3,019,281$617,186$297,998$2,020,491
75$3,276,538$596,719$257,271$2,157,676
76$3,558,438$573,651$213,583$2,307,926
77$3,867,444$547,806$166,784$2,472,597
78$4,206,270$518,994$116,717$2,653,185
79$4,577,902$487,018$63,220$2,851,344
80$4,985,633$451,666$6,122$3,068,900
81$5,433,087$412,717$0$3,307,868
82$5,924,257$369,936$0$3,579,245
83$6,463,541$323,073$0$3,878,329
84$7,055,786$271,867$0$4,206,882
85$7,706,328$216,040$0$4,567,928
86$8,421,047$155,300$0$4,964,803
87$9,206,421$89,336$0$5,401,186
88$10,069,585$17,823$0$5,881,134
89$11,018,401$0$0$6,409,123
90$12,061,531$0$0$7,011,072
91$13,208,517$0$0$7,679,922
92$14,469,871$0$0$8,415,538
93$15,857,177$0$0$9,224,682
94$17,383,197$0$0$10,114,808
95$19,061,991$0$0$11,094,127
96$20,909,053$0$0$12,171,686
97$22,941,450$0$0$13,357,454
98$25,177,993$0$0$14,662,414
99$27,639,402$0$0$16,098,669
100$30,348,513$0$0$17,679,554