Can I retire at age 54 with 641,000?

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 $641,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$52,933$52,462$52,002$51,553$51,114$49,980
2 years$26,205$25,717$25,244$24,785$24,340$23,203
3 years$17,296$16,806$16,334$15,880$15,442$14,339
4 years$12,843$12,354$11,887$11,441$11,014$9,951
5 years$10,172$9,686$9,225$8,787$8,372$7,354
6 years$8,391$7,909$7,455$7,027$6,625$5,652
7 years$7,120$6,642$6,195$5,778$5,388$4,461
8 years$6,167$5,694$5,254$4,847$4,470$3,588
9 years$5,426$4,957$4,525$4,128$3,764$2,927
10 years$4,834$4,370$3,945$3,559$3,207$2,414
11 years$4,350$3,890$3,473$3,097$2,758$2,008
12 years$3,947$3,491$3,083$2,717$2,390$1,681
13 years$3,606$3,155$2,754$2,398$2,084$1,416
14 years$3,314$2,868$2,474$2,129$1,827$1,197
15 years$3,061$2,620$2,234$1,899$1,609$1,016
16 years$2,840$2,404$2,026$1,700$1,422$866
17 years$2,645$2,214$1,843$1,527$1,261$739
18 years$2,472$2,046$1,683$1,377$1,121$632
19 years$2,318$1,896$1,540$1,244$999$542
20 years$2,179$1,762$1,414$1,127$892$465
21 years$2,053$1,641$1,300$1,022$799$400
22 years$1,939$1,532$1,198$930$716$344
23 years$1,835$1,433$1,107$847$643$296
24 years$1,740$1,342$1,023$772$578$256
25 years$1,653$1,260$948$705$520$221
26 years$1,572$1,184$879$645$468$190
27 years$1,498$1,114$816$590$422$164
28 years$1,429$1,050$759$541$381$142
29 years$1,365$990$706$496$344$123
30 years$1,305$935$658$455$311$106
31 years$1,249$884$613$418$281$92
32 years$1,197$837$572$384$254$79
33 years$1,148$792$534$353$230$69
34 years$1,102$751$499$325$208$60
35 years$1,059$712$467$299$189$52
36 years$1,018$676$437$276$171$45
37 years$980$642$409$254$155$39
38 years$943$610$383$234$140$33
39 years$909$580$358$216$127$29
40 years$876$552$336$199$115$25
41 years$845$526$315$184$105$22
42 years$816$500$296$169$95$19
43 years$788$477$277$156$86$16
44 years$762$455$260$144$78$14
45 years$736$433$244$133$71$12
46 years$712$414$230$123$65$11
47 years$689$395$216$114$59$9
48 years$667$377$203$105$53$8
49 years$646$360$191$97$48$7
50 years$626$344$179$90$44$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $641,000, adding $2,971 every year, while hoping to spend $35,576 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: 43/30/27 Blend
53$641,000$641,000$641,000$641,000
54$709,447$675,474$665,538$734,258
55$743,958$670,719$649,981$747,540
56$780,796$664,540$632,710$758,313
57$820,163$656,827$613,631$769,299
58$862,276$647,468$592,645$780,539
59$907,376$636,342$569,646$792,080
60$955,726$623,321$544,527$803,975
61$1,007,616$608,269$517,174$816,288
62$1,063,362$591,044$487,469$829,091
63$1,123,313$571,493$455,287$842,467
64$1,187,851$549,456$420,499$856,510
65$1,257,395$524,763$382,970$871,327
66$1,332,407$497,234$342,557$887,042
67$1,413,393$466,679$299,113$903,793
68$1,500,910$432,896$252,484$921,738
69$1,595,568$395,674$202,508$941,054
70$1,698,042$354,788$149,018$961,943
71$1,809,069$309,999$91,837$984,632
72$1,929,462$261,058$30,781$1,009,375
73$2,060,116$207,698$0$1,036,459
74$2,202,012$149,639$0$1,076,109
75$2,356,232$86,587$0$1,128,891
76$2,523,966$18,227$0$1,186,391
77$2,706,521$0$0$1,249,127
78$2,905,338$0$0$1,336,080
79$3,122,001$0$0$1,437,468
80$3,358,254$0$0$1,548,098
81$3,616,015$0$0$1,668,879
82$3,897,398$0$0$1,800,809
83$4,204,726$0$0$1,944,991
84$4,540,561$0$0$2,102,635
85$4,907,720$0$0$2,275,074
86$5,309,306$0$0$2,463,779
87$5,748,736$0$0$2,670,366
88$6,229,770$0$0$2,896,617
89$6,756,551$0$0$3,144,492
90$7,333,642$0$0$3,416,151
91$7,966,066$0$0$3,713,974
92$8,659,355$0$0$4,040,580
93$9,419,603$0$0$4,398,855
94$10,253,522$0$0$4,791,977
95$11,168,503$0$0$5,223,447
96$12,172,691$0$0$5,697,122
97$13,275,052$0$0$6,217,250
98$14,485,469$0$0$6,788,510
99$15,814,823$0$0$7,416,057
100$17,275,104$0$0$8,105,570