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%19.5%
1 years$53,346$52,871$52,407$51,955$51,513$49,547
2 years$26,409$25,917$25,440$24,978$24,530$22,573
3 years$17,431$16,937$16,462$16,004$15,563$13,676
4 years$12,943$12,451$11,980$11,530$11,100$9,297
5 years$10,251$9,761$9,297$8,856$8,438$6,724
6 years$8,457$7,971$7,513$7,082$6,676$5,053
7 years$7,176$6,694$6,244$5,823$5,430$3,896
8 years$6,215$5,738$5,295$4,885$4,504$3,059
9 years$5,469$4,996$4,561$4,161$3,793$2,434
10 years$4,872$4,404$3,976$3,586$3,232$1,956
11 years$4,384$3,920$3,500$3,121$2,780$1,585
12 years$3,977$3,519$3,107$2,738$2,409$1,292
13 years$3,634$3,180$2,775$2,417$2,101$1,058
14 years$3,340$2,890$2,494$2,146$1,841$870
15 years$3,085$2,640$2,252$1,913$1,621$717
16 years$2,862$2,423$2,041$1,713$1,433$593
17 years$2,666$2,231$1,858$1,539$1,271$491
18 years$2,491$2,062$1,696$1,387$1,130$408
19 years$2,336$1,911$1,552$1,254$1,007$339
20 years$2,196$1,775$1,425$1,135$899$282
21 years$2,069$1,654$1,310$1,030$805$235
22 years$1,954$1,544$1,208$937$721$196
23 years$1,849$1,444$1,115$853$648$163
24 years$1,754$1,353$1,031$778$582$136
25 years$1,665$1,270$955$711$524$114
26 years$1,584$1,193$886$650$472$95
27 years$1,509$1,123$823$595$425$79
28 years$1,440$1,058$765$545$384$66
29 years$1,375$998$712$500$347$55
30 years$1,315$943$663$459$313$46
31 years$1,259$891$618$421$283$39
32 years$1,206$843$577$387$256$32
33 years$1,157$799$538$356$232$27
34 years$1,111$757$503$328$210$23
35 years$1,067$718$470$302$190$19
36 years$1,026$681$440$278$172$16
37 years$987$647$412$256$156$13
38 years$951$615$386$236$142$11
39 years$916$585$361$217$128$9
40 years$883$556$339$201$116$8
41 years$852$530$318$185$106$7
42 years$822$504$298$171$96$5
43 years$794$481$279$158$87$5
44 years$768$458$262$146$79$4
45 years$742$437$246$134$72$3
46 years$718$417$231$124$65$3
47 years$694$398$217$115$59$2
48 years$672$380$204$106$54$2
49 years$651$363$192$98$49$2
50 years$631$346$181$91$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $646,000, adding $5,703 every year, while hoping to spend $31,699 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: 38/33/29 Blend
53$646,000$646,000$646,000$646,000
54$717,775$683,537$673,524$738,680
55$757,260$683,302$662,359$754,348
56$799,711$681,994$649,758$767,964
57$845,396$679,526$635,639$782,080
58$894,610$675,807$619,917$796,762
59$947,678$670,739$602,502$812,087
60$1,004,956$664,221$583,301$828,139
61$1,066,836$656,142$562,216$845,016
62$1,133,748$646,387$539,145$862,827
63$1,206,165$634,835$513,981$881,697
64$1,284,607$621,355$486,613$901,764
65$1,369,645$605,810$456,923$923,186
66$1,461,909$588,055$424,790$946,138
67$1,562,089$567,935$390,086$970,820
68$1,670,946$545,288$352,678$997,454
69$1,789,317$519,941$312,426$1,026,287
70$1,918,121$491,712$269,187$1,057,600
71$2,058,372$460,409$222,807$1,091,703
72$2,211,183$425,826$173,128$1,128,946
73$2,377,781$387,749$119,985$1,169,718
74$2,559,515$345,949$63,205$1,214,454
75$2,757,871$300,186$2,608$1,263,637
76$2,974,484$250,205$0$1,317,809
77$3,211,154$195,737$0$1,396,775
78$3,469,861$136,498$0$1,484,111
79$3,752,789$72,189$0$1,579,818
80$4,062,340$2,492$0$1,684,793
81$4,401,157$0$0$1,800,026
82$4,772,154$0$0$1,953,097
83$5,178,539$0$0$2,121,848
84$5,623,843$0$0$2,306,851
85$6,111,956$0$0$2,509,736
86$6,647,163$0$0$2,732,293
87$7,234,182$0$0$2,976,498
88$7,878,211$0$0$3,244,526
89$8,584,975$0$0$3,538,772
90$9,360,779$0$0$3,861,875
91$10,212,569$0$0$4,216,742
92$11,147,997$0$0$4,606,576
93$12,175,491$0$0$5,034,904
94$13,304,338$0$0$5,505,613
95$14,544,766$0$0$6,022,985
96$15,908,044$0$0$6,591,736
97$17,406,587$0$0$7,217,064
98$19,054,074$0$0$7,904,694
99$20,865,572$0$0$8,660,933
100$22,857,685$0$0$9,492,733