Can I retire at age 54 with 648,000?

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 $648,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$53,511$53,035$52,570$52,116$51,672$50,816
2 years$26,491$25,997$25,519$25,056$24,606$23,746
3 years$17,485$16,990$16,513$16,053$15,611$14,774
4 years$12,983$12,489$12,017$11,566$11,134$10,326
5 years$10,283$9,792$9,326$8,883$8,464$7,688
6 years$8,483$7,996$7,537$7,104$6,697$5,954
7 years$7,198$6,715$6,263$5,841$5,447$4,736
8 years$6,235$5,756$5,311$4,900$4,518$3,840
9 years$5,486$5,011$4,575$4,173$3,805$3,159
10 years$4,887$4,417$3,988$3,598$3,242$2,628
11 years$4,397$3,932$3,511$3,131$2,788$2,205
12 years$3,990$3,530$3,116$2,746$2,416$1,863
13 years$3,645$3,190$2,784$2,425$2,107$1,584
14 years$3,350$2,899$2,502$2,152$1,847$1,352
15 years$3,094$2,649$2,259$1,919$1,626$1,159
16 years$2,871$2,430$2,048$1,719$1,437$997
17 years$2,674$2,238$1,863$1,544$1,274$860
18 years$2,499$2,068$1,701$1,392$1,133$743
19 years$2,343$1,917$1,557$1,257$1,010$643
20 years$2,202$1,781$1,429$1,139$902$558
21 years$2,075$1,659$1,314$1,034$807$485
22 years$1,960$1,549$1,211$940$724$422
23 years$1,855$1,448$1,119$856$650$367
24 years$1,759$1,357$1,035$781$584$320
25 years$1,671$1,273$958$713$525$279
26 years$1,589$1,197$889$652$473$244
27 years$1,514$1,126$825$597$427$213
28 years$1,444$1,061$767$547$385$186
29 years$1,379$1,001$714$501$348$163
30 years$1,319$946$665$460$314$142
31 years$1,263$894$620$423$284$125
32 years$1,210$846$578$388$257$109
33 years$1,160$801$540$357$232$96
34 years$1,114$759$505$329$210$84
35 years$1,070$720$472$302$191$73
36 years$1,029$683$441$279$173$64
37 years$990$649$413$257$157$56
38 years$954$617$387$237$142$49
39 years$919$587$362$218$129$43
40 years$886$558$340$201$117$38
41 years$855$531$319$186$106$33
42 years$825$506$299$171$96$29
43 years$797$482$280$158$87$26
44 years$770$460$263$146$79$22
45 years$744$438$247$135$72$20
46 years$720$418$232$125$65$17
47 years$697$399$218$115$59$15
48 years$674$381$205$106$54$13
49 years$653$364$193$98$49$12
50 years$633$347$181$91$44$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $648,000, adding $2,064 every year, while hoping to spend $37,795 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: 65/7/28 Blend
53$648,000$648,000$648,000$648,000
54$716,225$681,881$671,837$757,350
55$749,066$675,080$654,130$778,601
56$783,991$666,678$634,563$797,438
57$821,171$656,558$613,034$817,200
58$860,796$644,595$589,436$837,983
59$903,072$630,655$563,657$859,892
60$948,226$614,598$535,580$883,046
61$996,507$596,275$505,084$907,576
62$1,048,187$575,529$472,040$933,629
63$1,103,564$552,192$436,316$961,368
64$1,162,966$526,088$397,771$990,976
65$1,226,753$497,030$356,261$1,022,653
66$1,295,318$464,822$311,632$1,056,623
67$1,369,096$429,253$263,727$1,093,136
68$1,448,560$390,103$212,379$1,132,468
69$1,534,235$347,140$157,415$1,174,927
70$1,626,693$300,116$98,654$1,220,852
71$1,726,564$248,770$35,908$1,270,622
72$1,834,542$192,828$0$1,324,655
73$1,951,388$131,999$0$1,392,694
74$2,077,937$65,975$0$1,478,028
75$2,215,112$0$0$1,570,553
76$2,363,923$0$0$1,671,396
77$2,525,483$0$0$1,786,432
78$2,701,015$0$0$1,911,455
79$2,891,868$0$0$2,047,429
80$3,099,520$0$0$2,195,414
81$3,325,603$0$0$2,356,577
82$3,571,908$0$0$2,532,201
83$3,840,411$0$0$2,723,699
84$4,133,282$0$0$2,932,626
85$4,452,912$0$0$3,160,693
86$4,801,932$0$0$3,409,786
87$5,183,240$0$0$3,681,976
88$5,600,023$0$0$3,979,549
89$6,055,794$0$0$4,305,017
90$6,554,416$0$0$4,661,149
91$7,100,148$0$0$5,050,992
92$7,697,675$0$0$5,477,903
93$8,352,160$0$0$5,945,579
94$9,069,285$0$0$6,458,088
95$9,855,312$0$0$7,019,914
96$10,717,133$0$0$7,635,994
97$11,662,342$0$0$8,311,766
98$12,699,303$0$0$9,053,218
99$13,837,226$0$0$9,866,949
100$15,086,260$0$0$10,760,226