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%15.6%
1 years$53,511$53,035$52,570$52,116$51,672$50,485
2 years$26,491$25,997$25,519$25,056$24,606$23,416
3 years$17,485$16,990$16,513$16,053$15,611$14,456
4 years$12,983$12,489$12,017$11,566$11,134$10,023
5 years$10,283$9,792$9,326$8,883$8,464$7,399
6 years$8,483$7,996$7,537$7,104$6,697$5,681
7 years$7,198$6,715$6,263$5,841$5,447$4,478
8 years$6,235$5,756$5,311$4,900$4,518$3,598
9 years$5,486$5,011$4,575$4,173$3,805$2,931
10 years$4,887$4,417$3,988$3,598$3,242$2,415
11 years$4,397$3,932$3,511$3,131$2,788$2,006
12 years$3,990$3,530$3,116$2,746$2,416$1,677
13 years$3,645$3,190$2,784$2,425$2,107$1,411
14 years$3,350$2,899$2,502$2,152$1,847$1,191
15 years$3,094$2,649$2,259$1,919$1,626$1,010
16 years$2,871$2,430$2,048$1,719$1,437$859
17 years$2,674$2,238$1,863$1,544$1,274$732
18 years$2,499$2,068$1,701$1,392$1,133$626
19 years$2,343$1,917$1,557$1,257$1,010$535
20 years$2,202$1,781$1,429$1,139$902$459
21 years$2,075$1,659$1,314$1,034$807$394
22 years$1,960$1,549$1,211$940$724$338
23 years$1,855$1,448$1,119$856$650$291
24 years$1,759$1,357$1,035$781$584$251
25 years$1,671$1,273$958$713$525$216
26 years$1,589$1,197$889$652$473$186
27 years$1,514$1,126$825$597$427$160
28 years$1,444$1,061$767$547$385$138
29 years$1,379$1,001$714$501$348$119
30 years$1,319$946$665$460$314$103
31 years$1,263$894$620$423$284$89
32 years$1,210$846$578$388$257$77
33 years$1,160$801$540$357$232$66
34 years$1,114$759$505$329$210$57
35 years$1,070$720$472$302$191$50
36 years$1,029$683$441$279$173$43
37 years$990$649$413$257$157$37
38 years$954$617$387$237$142$32
39 years$919$587$362$218$129$28
40 years$886$558$340$201$117$24
41 years$855$531$319$186$106$21
42 years$825$506$299$171$96$18
43 years$797$482$280$158$87$15
44 years$770$460$263$146$79$13
45 years$744$438$247$135$72$12
46 years$720$418$232$125$65$10
47 years$697$399$218$115$59$9
48 years$674$381$205$106$54$7
49 years$653$364$193$98$49$6
50 years$633$347$181$91$44$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $648,000, adding $6,198 every year, while hoping to spend $30,100 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: 38/42/20 Blend
53$648,000$648,000$648,000$648,000
54$720,489$686,145$676,101$743,342
55$761,953$687,740$666,724$762,007
56$806,637$688,404$656,025$778,867
57$854,839$688,061$643,926$796,468
58$906,883$686,627$630,349$814,895
59$963,129$684,015$615,209$834,241
60$1,023,970$680,134$598,420$854,614
61$1,089,839$674,884$579,891$876,132
62$1,161,211$668,162$559,526$898,929
63$1,238,609$659,857$537,225$923,155
64$1,322,610$649,852$512,885$948,977
65$1,413,845$638,024$486,395$976,584
66$1,513,010$624,240$457,642$1,006,185
67$1,620,871$608,361$426,507$1,038,015
68$1,738,270$590,241$392,865$1,072,337
69$1,866,134$569,724$356,587$1,109,442
70$2,005,482$546,643$317,535$1,149,658
71$2,157,438$520,825$275,570$1,193,348
72$2,323,237$492,086$230,541$1,240,918
73$2,504,237$460,228$182,295$1,292,818
74$2,701,937$425,047$130,669$1,349,552
75$2,917,984$386,323$75,495$1,411,679
76$3,154,191$343,826$16,597$1,479,819
77$3,412,557$297,312$0$1,554,665
78$3,695,280$246,522$0$1,646,855
79$4,004,782$191,185$0$1,751,792
80$4,343,729$131,013$0$1,866,920
81$4,715,059$65,702$0$1,993,335
82$5,122,005$0$0$2,132,250
83$5,568,128$0$0$2,287,349
84$6,057,352$0$0$2,490,819
85$6,593,997$0$0$2,714,103
86$7,182,822$0$0$2,959,192
87$7,829,069$0$0$3,228,281
88$8,538,511$0$0$3,523,785
89$9,317,509$0$0$3,848,366
90$10,173,069$0$0$4,204,957
91$11,112,908$0$0$4,596,789
92$12,145,531$0$0$5,027,419
93$13,280,303$0$0$5,500,768
94$14,527,543$0$0$6,021,157
95$15,898,620$0$0$6,593,344
96$17,406,059$0$0$7,222,572
97$19,063,658$0$0$7,914,617
98$20,886,622$0$0$8,675,844
99$22,891,699$0$0$9,513,265
100$25,097,346$0$0$10,434,607