Can I retire at age 54 with 651,000?

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 $651,000?

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$53,759$53,280$52,813$52,357$51,912$50,657
2 years$26,613$26,118$25,637$25,172$24,720$23,463
3 years$17,566$17,068$16,589$16,128$15,683$14,464
4 years$13,043$12,547$12,073$11,619$11,185$10,013
5 years$10,330$9,837$9,369$8,925$8,503$7,381
6 years$8,522$8,033$7,571$7,137$6,728$5,657
7 years$7,231$6,746$6,292$5,868$5,472$4,452
8 years$6,263$5,782$5,336$4,922$4,539$3,570
9 years$5,511$5,035$4,596$4,193$3,823$2,904
10 years$4,910$4,438$4,007$3,614$3,257$2,388
11 years$4,418$3,951$3,528$3,145$2,801$1,979
12 years$4,008$3,546$3,131$2,759$2,428$1,652
13 years$3,662$3,204$2,797$2,436$2,117$1,387
14 years$3,365$2,913$2,513$2,162$1,856$1,169
15 years$3,109$2,661$2,269$1,928$1,634$989
16 years$2,884$2,441$2,057$1,727$1,444$839
17 years$2,686$2,248$1,872$1,551$1,280$714
18 years$2,511$2,078$1,709$1,398$1,138$608
19 years$2,354$1,925$1,564$1,263$1,015$520
20 years$2,213$1,789$1,436$1,144$906$444
21 years$2,085$1,667$1,321$1,038$811$380
22 years$1,969$1,556$1,217$944$727$326
23 years$1,864$1,455$1,124$860$653$280
24 years$1,767$1,363$1,039$784$587$240
25 years$1,678$1,279$963$716$528$207
26 years$1,597$1,202$893$655$475$178
27 years$1,521$1,132$829$599$429$153
28 years$1,451$1,066$771$549$387$131
29 years$1,386$1,006$717$504$349$113
30 years$1,325$950$668$462$316$97
31 years$1,269$898$623$424$285$84
32 years$1,216$850$581$390$258$72
33 years$1,166$805$543$359$234$62
34 years$1,119$763$507$330$211$54
35 years$1,075$723$474$304$192$46
36 years$1,034$687$443$280$174$40
37 years$995$652$415$258$157$34
38 years$958$620$389$238$143$30
39 years$923$589$364$219$129$26
40 years$890$561$341$202$117$22
41 years$859$534$320$186$106$19
42 years$829$508$300$172$97$16
43 years$800$484$282$159$88$14
44 years$773$462$264$147$80$12
45 years$748$440$248$135$72$11
46 years$723$420$233$125$66$9
47 years$700$401$219$116$60$8
48 years$677$383$206$107$54$7
49 years$656$365$193$99$49$6
50 years$636$349$182$91$45$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $651,000, adding $4,747 every year, while hoping to spend $48,156 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: 73/12/15 Blend
53$651,000$651,000$651,000$651,000
54$722,299$687,796$677,705$772,283
55$744,735$670,260$649,171$788,494
56$767,847$650,251$618,066$799,883
57$791,651$627,597$584,255$811,081
58$816,165$602,115$547,594$822,058
59$841,409$573,614$507,933$832,781
60$867,401$541,889$465,117$843,215
61$894,159$506,725$418,981$853,322
62$921,702$467,893$369,356$863,065
63$950,049$425,154$316,063$872,398
64$979,219$378,251$258,916$881,278
65$1,009,231$326,917$197,722$889,655
66$1,040,104$270,867$132,276$897,477
67$1,071,855$209,800$62,368$904,688
68$1,104,503$143,399$0$911,230
69$1,138,065$71,329$0$918,997
70$1,172,560$0$0$936,742
71$1,208,003$0$0$955,333
72$1,244,410$0$0$984,103
73$1,281,796$0$0$1,013,644
74$1,320,174$0$0$1,043,967
75$1,359,558$0$0$1,075,081
76$1,399,958$0$0$1,106,994
77$1,441,384$0$0$1,139,714
78$1,483,841$0$0$1,173,244
79$1,527,335$0$0$1,207,590
80$1,571,868$0$0$1,242,750
81$1,617,439$0$0$1,278,725
82$1,664,044$0$0$1,315,510
83$1,711,673$0$0$1,353,096
84$1,760,314$0$0$1,391,474
85$1,809,949$0$0$1,430,628
86$1,860,555$0$0$1,470,538
87$1,912,101$0$0$1,511,179
88$1,964,550$0$0$1,552,521
89$2,017,858$0$0$1,594,527
90$2,071,970$0$0$1,637,152
91$2,126,823$0$0$1,680,344
92$2,182,341$0$0$1,724,043
93$2,238,438$0$0$1,768,176
94$2,295,012$0$0$1,812,662
95$2,351,946$0$0$1,857,405
96$2,409,107$0$0$1,902,298
97$2,466,343$0$0$1,947,216
98$2,523,478$0$0$1,992,018
99$2,580,317$0$0$2,036,545
100$2,636,636$0$0$2,080,617