Can I retire at age 54 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$53,346$52,871$52,407$51,955$51,513$50,722
2 years$26,409$25,917$25,440$24,978$24,530$23,735
3 years$17,431$16,937$16,462$16,004$15,563$14,789
4 years$12,943$12,451$11,980$11,530$11,100$10,352
5 years$10,251$9,761$9,297$8,856$8,438$7,719
6 years$8,457$7,971$7,513$7,082$6,676$5,988
7 years$7,176$6,694$6,244$5,823$5,430$4,771
8 years$6,215$5,738$5,295$4,885$4,504$3,875
9 years$5,469$4,996$4,561$4,161$3,793$3,194
10 years$4,872$4,404$3,976$3,586$3,232$2,662
11 years$4,384$3,920$3,500$3,121$2,780$2,238
12 years$3,977$3,519$3,107$2,738$2,409$1,895
13 years$3,634$3,180$2,775$2,417$2,101$1,613
14 years$3,340$2,890$2,494$2,146$1,841$1,380
15 years$3,085$2,640$2,252$1,913$1,621$1,186
16 years$2,862$2,423$2,041$1,713$1,433$1,022
17 years$2,666$2,231$1,858$1,539$1,271$883
18 years$2,491$2,062$1,696$1,387$1,130$765
19 years$2,336$1,911$1,552$1,254$1,007$664
20 years$2,196$1,775$1,425$1,135$899$577
21 years$2,069$1,654$1,310$1,030$805$503
22 years$1,954$1,544$1,208$937$721$438
23 years$1,849$1,444$1,115$853$648$383
24 years$1,754$1,353$1,031$778$582$334
25 years$1,665$1,270$955$711$524$292
26 years$1,584$1,193$886$650$472$256
27 years$1,509$1,123$823$595$425$224
28 years$1,440$1,058$765$545$384$196
29 years$1,375$998$712$500$347$172
30 years$1,315$943$663$459$313$151
31 years$1,259$891$618$421$283$132
32 years$1,206$843$577$387$256$116
33 years$1,157$799$538$356$232$102
34 years$1,111$757$503$328$210$89
35 years$1,067$718$470$302$190$79
36 years$1,026$681$440$278$172$69
37 years$987$647$412$256$156$61
38 years$951$615$386$236$142$53
39 years$916$585$361$217$128$47
40 years$883$556$339$201$116$41
41 years$852$530$318$185$106$36
42 years$822$504$298$171$96$32
43 years$794$481$279$158$87$28
44 years$768$458$262$146$79$25
45 years$742$437$246$134$72$22
46 years$718$417$231$124$65$19
47 years$694$398$217$115$59$17
48 years$672$380$204$106$54$15
49 years$651$363$192$98$49$13
50 years$631$346$181$91$44$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $646,000, adding $2,750 every year, while hoping to spend $36,838 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: 42/32/26 Blend
53$646,000$646,000$646,000$646,000
54$714,729$680,491$670,478$739,205
55$748,436$674,639$653,743$751,171
56$784,346$667,267$635,214$760,421
57$822,646$658,259$614,790$769,722
58$863,538$647,497$592,368$779,099
59$907,247$634,852$567,840$788,585
60$954,016$620,190$541,093$798,216
61$1,004,114$603,367$512,008$808,038
62$1,057,835$584,233$480,461$818,102
63$1,115,501$562,628$446,324$828,470
64$1,177,467$538,381$409,460$839,212
65$1,244,121$511,314$369,730$850,410
66$1,315,891$481,238$326,985$862,159
67$1,393,244$447,951$281,071$874,567
68$1,476,696$411,241$231,828$887,758
69$1,566,812$370,885$179,087$901,873
70$1,664,214$326,646$122,674$917,073
71$1,769,585$278,273$62,405$933,543
72$1,883,676$225,502$0$951,488
73$2,007,313$168,053$0$971,676
74$2,141,403$105,631$0$1,012,349
75$2,286,944$37,926$0$1,056,536
76$2,445,035$0$0$1,104,632
77$2,616,883$0$0$1,169,544
78$2,803,816$0$0$1,254,752
79$3,007,298$0$0$1,347,578
80$3,228,935$0$0$1,448,764
81$3,470,498$0$0$1,559,129
82$3,733,936$0$0$1,679,573
83$4,021,392$0$0$1,811,087
84$4,335,226$0$0$1,954,762
85$4,678,036$0$0$2,111,798
86$5,052,683$0$0$2,283,517
87$5,462,314$0$0$2,471,377
88$5,910,396$0$0$2,676,978
89$6,400,747$0$0$2,902,086
90$6,937,570$0$0$3,148,646
91$7,525,493$0$0$3,418,796
92$8,169,614$0$0$3,714,896
93$8,875,545$0$0$4,039,539
94$9,649,469$0$0$4,395,587
95$10,498,194$0$0$4,786,188
96$11,429,221$0$0$5,214,812
97$12,450,809$0$0$5,685,278
98$13,572,057$0$0$6,201,797
99$14,802,988$0$0$6,769,004
100$16,154,640$0$0$7,392,007