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%14.8%
1 years$53,346$52,871$52,407$51,955$51,513$50,494
2 years$26,409$25,917$25,440$24,978$24,530$23,507
3 years$17,431$16,937$16,462$16,004$15,563$14,569
4 years$12,943$12,451$11,980$11,530$11,100$10,142
5 years$10,251$9,761$9,297$8,856$8,438$7,519
6 years$8,457$7,971$7,513$7,082$6,676$5,797
7 years$7,176$6,694$6,244$5,823$5,430$4,591
8 years$6,215$5,738$5,295$4,885$4,504$3,706
9 years$5,469$4,996$4,561$4,161$3,793$3,034
10 years$4,872$4,404$3,976$3,586$3,232$2,511
11 years$4,384$3,920$3,500$3,121$2,780$2,097
12 years$3,977$3,519$3,107$2,738$2,409$1,763
13 years$3,634$3,180$2,775$2,417$2,101$1,490
14 years$3,340$2,890$2,494$2,146$1,841$1,265
15 years$3,085$2,640$2,252$1,913$1,621$1,079
16 years$2,862$2,423$2,041$1,713$1,433$923
17 years$2,666$2,231$1,858$1,539$1,271$791
18 years$2,491$2,062$1,696$1,387$1,130$680
19 years$2,336$1,911$1,552$1,254$1,007$585
20 years$2,196$1,775$1,425$1,135$899$505
21 years$2,069$1,654$1,310$1,030$805$436
22 years$1,954$1,544$1,208$937$721$377
23 years$1,849$1,444$1,115$853$648$326
24 years$1,754$1,353$1,031$778$582$282
25 years$1,665$1,270$955$711$524$245
26 years$1,584$1,193$886$650$472$212
27 years$1,509$1,123$823$595$425$184
28 years$1,440$1,058$765$545$384$160
29 years$1,375$998$712$500$347$139
30 years$1,315$943$663$459$313$121
31 years$1,259$891$618$421$283$105
32 years$1,206$843$577$387$256$91
33 years$1,157$799$538$356$232$79
34 years$1,111$757$503$328$210$69
35 years$1,067$718$470$302$190$60
36 years$1,026$681$440$278$172$52
37 years$987$647$412$256$156$46
38 years$951$615$386$236$142$40
39 years$916$585$361$217$128$34
40 years$883$556$339$201$116$30
41 years$852$530$318$185$106$26
42 years$822$504$298$171$96$23
43 years$794$481$279$158$87$20
44 years$768$458$262$146$79$17
45 years$742$437$246$134$72$15
46 years$718$417$231$124$65$13
47 years$694$398$217$115$59$11
48 years$672$380$204$106$54$10
49 years$651$363$192$98$49$9
50 years$631$346$181$91$44$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $646,000, adding $3,933 every year, while hoping to spend $34,579 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: 28/48/24 Blend
53$646,000$646,000$646,000$646,000
54$715,949$681,711$671,698$730,532
55$752,184$678,323$657,408$738,918
56$790,956$673,610$641,480$744,628
57$832,487$667,471$623,824$750,044
58$877,022$659,798$604,343$755,164
59$924,827$650,476$582,937$759,988
60$976,196$639,386$559,502$764,521
61$1,031,451$626,400$533,929$768,769
62$1,090,947$611,381$506,103$772,747
63$1,155,071$594,186$475,905$776,471
64$1,224,250$574,663$443,210$779,967
65$1,298,954$552,652$407,887$783,265
66$1,379,697$527,982$369,801$786,405
67$1,467,045$500,472$328,809$789,436
68$1,561,622$469,934$284,763$792,418
69$1,664,111$436,164$237,506$795,421
70$1,775,265$398,951$186,877$798,531
71$1,895,911$358,068$132,706$801,847
72$2,026,960$313,279$74,818$805,486
73$2,169,412$264,332$13,026$809,587
74$2,324,368$210,961$0$814,306
75$2,493,042$152,886$0$833,378
76$2,676,764$89,810$0$857,902
77$2,877,004$21,420$0$884,835
78$3,095,375$0$0$914,507
79$3,333,655$0$0$975,082
80$3,593,800$0$0$1,053,665
81$3,877,963$0$0$1,139,606
82$4,188,515$0$0$1,233,635
83$4,528,065$0$0$1,336,556
84$4,899,488$0$0$1,449,253
85$5,305,948$0$0$1,572,700
86$5,750,927$0$0$1,707,971
87$6,238,264$0$0$1,856,248
88$6,772,182$0$0$2,018,831
89$7,357,334$0$0$2,197,156
90$7,998,846$0$0$2,392,801
91$8,702,360$0$0$2,607,504
92$9,474,093$0$0$2,843,183
93$10,320,892$0$0$3,101,947
94$11,250,298$0$0$3,386,120
95$12,270,618$0$0$3,698,264
96$13,391,005$0$0$4,041,200
97$14,621,537$0$0$4,418,035
98$15,973,320$0$0$4,832,193
99$17,458,587$0$0$5,287,446
100$19,090,815$0$0$5,787,950