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%17.6%
1 years$53,263$52,789$52,326$51,874$51,433$49,847
2 years$26,368$25,877$25,401$24,940$24,492$22,907
3 years$17,404$16,911$16,436$15,979$15,539$14,006
4 years$12,923$12,431$11,961$11,512$11,082$9,613
5 years$10,235$9,746$9,282$8,842$8,425$7,023
6 years$8,444$7,959$7,502$7,071$6,666$5,333
7 years$7,165$6,684$6,234$5,814$5,421$4,157
8 years$6,206$5,729$5,287$4,877$4,498$3,300
9 years$5,460$4,988$4,554$4,154$3,788$2,657
10 years$4,864$4,397$3,970$3,581$3,227$2,161
11 years$4,377$3,914$3,495$3,116$2,775$1,773
12 years$3,971$3,513$3,102$2,734$2,405$1,463
13 years$3,628$3,175$2,771$2,413$2,097$1,214
14 years$3,334$2,886$2,490$2,142$1,839$1,011
15 years$3,080$2,636$2,248$1,911$1,619$845
16 years$2,858$2,419$2,038$1,711$1,431$709
17 years$2,662$2,228$1,855$1,537$1,269$595
18 years$2,488$2,058$1,693$1,385$1,128$501
19 years$2,332$1,908$1,550$1,252$1,005$423
20 years$2,192$1,773$1,422$1,134$898$357
21 years$2,066$1,651$1,308$1,029$804$301
22 years$1,951$1,541$1,206$935$720$255
23 years$1,847$1,442$1,113$852$647$216
24 years$1,751$1,351$1,030$777$581$183
25 years$1,663$1,268$954$710$523$155
26 years$1,582$1,191$885$649$471$132
27 years$1,507$1,121$821$594$425$112
28 years$1,438$1,056$764$544$383$95
29 years$1,373$997$711$499$346$80
30 years$1,313$941$662$458$313$68
31 years$1,257$890$617$421$283$58
32 years$1,204$842$576$387$256$49
33 years$1,155$797$538$355$231$42
34 years$1,109$756$502$327$210$36
35 years$1,065$717$470$301$190$30
36 years$1,024$680$439$277$172$26
37 years$986$646$411$255$156$22
38 years$949$614$385$235$141$19
39 years$915$584$361$217$128$16
40 years$882$556$338$200$116$13
41 years$851$529$317$185$105$11
42 years$821$504$297$171$96$10
43 years$793$480$279$157$87$8
44 years$766$457$262$145$79$7
45 years$741$436$246$134$72$6
46 years$717$416$231$124$65$5
47 years$693$397$217$115$59$4
48 years$671$379$204$106$54$4
49 years$650$362$192$98$49$3
50 years$630$346$180$90$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $645,000, adding $5,724 every year, while hoping to spend $30,835 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: 58/30/12 Blend
53$645,000$645,000$645,000$645,000
54$716,694$682,509$672,512$755,813
55$756,989$683,144$662,233$783,508
56$800,360$682,776$650,576$809,748
57$847,089$681,325$637,463$837,615
58$897,485$678,702$622,810$867,269
59$951,887$674,817$606,533$898,888
60$1,010,668$669,572$588,540$932,667
61$1,074,238$662,863$568,738$968,825
62$1,143,047$654,580$547,028$1,007,603
63$1,217,591$644,607$523,306$1,049,268
64$1,298,413$632,821$497,465$1,094,116
65$1,386,114$619,092$469,393$1,142,475
66$1,481,350$603,280$438,970$1,194,707
67$1,584,847$585,240$406,075$1,251,215
68$1,697,402$564,817$370,578$1,312,442
69$1,819,890$541,846$332,346$1,378,882
70$1,953,277$516,155$291,237$1,451,078
71$2,098,623$487,558$247,106$1,529,633
72$2,257,097$455,864$199,799$1,615,215
73$2,429,985$420,865$149,156$1,708,559
74$2,618,701$382,345$95,010$1,810,482
75$2,824,804$340,075$37,188$1,921,886
76$3,050,007$293,811$0$2,043,768
77$3,296,198$243,299$0$2,180,369
78$3,565,457$188,267$0$2,335,056
79$3,860,071$128,429$0$2,504,433
80$4,182,560$63,484$0$2,690,016
81$4,535,698$0$0$2,893,479
82$4,922,543$0$0$3,118,942
83$5,346,458$0$0$3,389,030
84$5,811,149$0$0$3,685,153
85$6,320,698$0$0$4,009,920
86$6,879,601$0$0$4,366,203
87$7,492,810$0$0$4,757,166
88$8,165,777$0$0$5,186,294
89$8,904,511$0$0$5,657,425
90$9,715,630$0$0$6,174,789
91$10,606,422$0$0$6,743,044
92$11,584,919$0$0$7,367,321
93$12,659,967$0$0$8,053,274
94$13,841,312$0$0$8,807,131
95$15,139,689$0$0$9,635,752
96$16,566,928$0$0$10,546,696
97$18,136,060$0$0$11,548,292
98$19,861,441$0$0$12,649,715
99$21,758,889$0$0$13,861,073
100$23,845,832$0$0$15,193,503