Can I retire at age 54 with 643,000?

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 $643,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$53,098$52,625$52,164$51,714$51,274$50,034
2 years$26,286$25,797$25,322$24,862$24,416$23,175
3 years$17,350$16,858$16,385$15,929$15,491$14,286
4 years$12,883$12,393$11,924$11,476$11,048$9,890
5 years$10,203$9,716$9,254$8,815$8,399$7,290
6 years$8,417$7,934$7,478$7,049$6,645$5,587
7 years$7,142$6,663$6,215$5,796$5,405$4,397
8 years$6,186$5,711$5,270$4,862$4,484$3,527
9 years$5,443$4,973$4,539$4,141$3,776$2,868
10 years$4,849$4,383$3,958$3,570$3,217$2,358
11 years$4,364$3,902$3,484$3,107$2,767$1,955
12 years$3,959$3,502$3,092$2,725$2,398$1,632
13 years$3,617$3,165$2,763$2,406$2,091$1,369
14 years$3,324$2,877$2,482$2,136$1,833$1,154
15 years$3,070$2,628$2,241$1,905$1,614$977
16 years$2,849$2,411$2,032$1,705$1,426$829
17 years$2,653$2,221$1,849$1,532$1,265$705
18 years$2,480$2,052$1,688$1,381$1,124$601
19 years$2,325$1,902$1,545$1,248$1,002$513
20 years$2,185$1,767$1,418$1,130$895$439
21 years$2,059$1,646$1,304$1,026$801$376
22 years$1,945$1,537$1,202$933$718$322
23 years$1,841$1,437$1,110$849$645$276
24 years$1,745$1,347$1,027$775$579$237
25 years$1,658$1,264$951$707$521$204
26 years$1,577$1,188$882$647$470$175
27 years$1,502$1,118$819$592$423$151
28 years$1,433$1,053$761$542$382$130
29 years$1,369$994$708$497$345$112
30 years$1,309$938$660$456$312$96
31 years$1,253$887$615$419$282$83
32 years$1,201$839$574$385$255$71
33 years$1,152$795$536$354$231$62
34 years$1,105$753$501$326$209$53
35 years$1,062$715$468$300$189$46
36 years$1,021$678$438$276$171$39
37 years$983$644$410$255$155$34
38 years$946$612$384$235$141$29
39 years$912$582$360$216$128$25
40 years$879$554$337$200$116$22
41 years$848$527$316$184$105$19
42 years$819$502$296$170$95$16
43 years$791$478$278$157$87$14
44 years$764$456$261$145$79$12
45 years$739$435$245$134$71$10
46 years$714$415$230$124$65$9
47 years$691$396$216$114$59$8
48 years$669$378$203$106$53$7
49 years$648$361$191$98$49$6
50 years$628$345$180$90$44$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $643,000, adding $6,905 every year, while hoping to spend $52,120 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: 66/28/6 Blend
53$643,000$643,000$643,000$643,000
54$715,709$681,630$671,663$761,816
55$733,255$659,574$638,708$771,253
56$750,845$634,691$602,903$774,663
57$768,428$606,787$564,096$776,998
58$785,945$575,657$522,131$778,147
59$803,331$541,084$476,843$777,989
60$820,514$502,840$428,059$776,392
61$837,409$460,682$375,602$773,214
62$853,923$414,354$319,284$768,301
63$869,952$363,586$258,908$761,483
64$885,376$308,091$194,271$752,580
65$900,065$247,568$125,159$741,392
66$913,870$181,697$51,350$727,706
67$926,626$110,141$0$711,288
68$938,148$32,545$0$693,639
69$948,232$0$0$676,352
70$956,647$0$0$671,710
71$963,140$0$0$675,674
72$967,425$0$0$678,008
73$969,188$0$0$678,483
74$968,078$0$0$676,843
75$963,705$0$0$672,804
76$955,639$0$0$666,052
77$943,399$0$0$656,236
78$926,454$0$0$642,969
79$904,217$0$0$625,823
80$876,034$0$0$604,323
81$841,183$0$0$577,941
82$798,865$0$0$546,095
83$748,195$0$0$508,142
84$688,194$0$0$463,366
85$617,779$0$0$410,981
86$535,752$0$0$350,113
87$440,789$0$0$279,799
88$331,428$0$0$198,973
89$206,050$0$0$106,458
90$62,870$0$0$953
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0