Can I retire at age 54 with 638,000?

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 $638,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$52,685$52,216$51,758$51,311$50,875$50,323
2 years$26,082$25,596$25,125$24,669$24,226$23,670
3 years$17,215$16,727$16,258$15,806$15,370$14,828
4 years$12,783$12,296$11,832$11,387$10,962$10,437
5 years$10,124$9,641$9,182$8,746$8,333$7,827
6 years$8,352$7,872$7,420$6,995$6,594$6,108
7 years$7,087$6,611$6,166$5,751$5,363$4,897
8 years$6,138$5,667$5,229$4,824$4,449$4,003
9 years$5,401$4,934$4,504$4,109$3,746$3,320
10 years$4,812$4,349$3,927$3,542$3,192$2,786
11 years$4,330$3,872$3,457$3,083$2,745$2,358
12 years$3,928$3,475$3,068$2,704$2,379$2,010
13 years$3,589$3,140$2,741$2,387$2,075$1,724
14 years$3,298$2,855$2,463$2,119$1,819$1,486
15 years$3,047$2,608$2,224$1,890$1,601$1,286
16 years$2,827$2,393$2,016$1,692$1,415$1,117
17 years$2,633$2,203$1,835$1,520$1,255$973
18 years$2,461$2,036$1,675$1,370$1,116$849
19 years$2,307$1,887$1,533$1,238$994$743
20 years$2,168$1,754$1,407$1,121$888$651
21 years$2,043$1,633$1,294$1,018$795$572
22 years$1,930$1,525$1,193$925$713$503
23 years$1,827$1,426$1,101$843$640$443
24 years$1,732$1,336$1,019$769$575$390
25 years$1,645$1,254$943$702$517$344
26 years$1,565$1,178$875$642$466$304
27 years$1,491$1,109$812$587$420$268
28 years$1,422$1,045$755$538$379$237
29 years$1,358$986$703$494$342$210
30 years$1,299$931$655$453$309$186
31 years$1,243$880$610$416$280$164
32 years$1,191$833$569$382$253$145
33 years$1,143$789$532$352$229$129
34 years$1,097$747$497$323$207$114
35 years$1,054$709$464$298$188$101
36 years$1,013$673$435$274$170$90
37 years$975$639$407$253$154$80
38 years$939$607$381$233$140$71
39 years$905$578$357$215$127$63
40 years$872$549$334$198$115$56
41 years$841$523$314$183$104$49
42 years$812$498$294$169$95$44
43 years$784$475$276$156$86$39
44 years$758$452$259$144$78$34
45 years$733$431$243$133$71$31
46 years$709$412$229$123$64$27
47 years$686$393$215$113$58$24
48 years$664$375$202$105$53$21
49 years$643$358$190$97$48$19
50 years$623$342$178$89$44$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $638,000, adding $6,078 every year, while hoping to spend $35,119 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: 55/19/26 Blend
53$638,000$638,000$638,000$638,000
54$709,345$675,531$665,642$742,975
55$744,332$671,266$650,575$762,516
56$781,711$665,615$633,826$779,631
57$821,688$658,472$615,302$797,550
58$864,490$649,728$594,904$816,361
59$910,367$639,263$572,532$836,165
60$959,590$626,952$548,078$857,073
61$1,012,459$612,664$521,430$879,211
62$1,069,304$596,259$492,471$902,718
63$1,130,484$577,586$461,080$927,751
64$1,196,396$556,491$427,129$954,485
65$1,267,475$532,805$390,484$983,114
66$1,344,199$506,354$351,007$1,013,855
67$1,427,093$476,952$308,552$1,046,952
68$1,516,735$444,401$262,967$1,082,673
69$1,613,758$408,493$214,093$1,121,320
70$1,718,862$369,009$161,765$1,163,227
71$1,832,811$325,716$105,809$1,208,766
72$1,956,450$278,368$46,046$1,258,351
73$2,090,706$226,706$0$1,312,442
74$2,236,598$170,456$0$1,376,468
75$2,395,251$109,327$0$1,460,031
76$2,567,897$43,015$0$1,551,029
77$2,755,895$0$0$1,650,221
78$2,960,740$0$0$1,764,468
79$3,184,078$0$0$1,898,886
80$3,427,718$0$0$2,045,581
81$3,693,654$0$0$2,205,758
82$3,984,080$0$0$2,380,746
83$4,301,409$0$0$2,572,008
84$4,648,300$0$0$2,781,154
85$5,027,682$0$0$3,009,958
86$5,442,776$0$0$3,260,371
87$5,897,130$0$0$3,534,542
88$6,394,654$0$0$3,834,841
89$6,939,650$0$0$4,163,872
90$7,536,856$0$0$4,524,508
91$8,191,492$0$0$4,919,910
92$8,909,307$0$0$5,353,562
93$9,696,630$0$0$5,829,298
94$10,560,435$0$0$6,351,344
95$11,508,404$0$0$6,924,353
96$12,548,995$0$0$7,553,452
97$13,691,529$0$0$8,244,288
98$14,946,271$0$0$9,003,082
99$16,324,530$0$0$9,836,685
100$17,838,764$0$0$10,752,648