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%15.4%
1 years$53,759$53,280$52,813$52,357$51,912$50,760
2 years$26,613$26,118$25,637$25,172$24,720$23,565
3 years$17,566$17,068$16,589$16,128$15,683$14,562
4 years$13,043$12,547$12,073$11,619$11,185$10,106
5 years$10,330$9,837$9,369$8,925$8,503$7,469
6 years$8,522$8,033$7,571$7,137$6,728$5,740
7 years$7,231$6,746$6,292$5,868$5,472$4,530
8 years$6,263$5,782$5,336$4,922$4,539$3,644
9 years$5,511$5,035$4,596$4,193$3,823$2,973
10 years$4,910$4,438$4,007$3,614$3,257$2,452
11 years$4,418$3,951$3,528$3,145$2,801$2,039
12 years$4,008$3,546$3,131$2,759$2,428$1,708
13 years$3,662$3,204$2,797$2,436$2,117$1,438
14 years$3,365$2,913$2,513$2,162$1,856$1,216
15 years$3,109$2,661$2,269$1,928$1,634$1,032
16 years$2,884$2,441$2,057$1,727$1,444$879
17 years$2,686$2,248$1,872$1,551$1,280$751
18 years$2,511$2,078$1,709$1,398$1,138$642
19 years$2,354$1,925$1,564$1,263$1,015$550
20 years$2,213$1,789$1,436$1,144$906$473
21 years$2,085$1,667$1,321$1,038$811$406
22 years$1,969$1,556$1,217$944$727$350
23 years$1,864$1,455$1,124$860$653$301
24 years$1,767$1,363$1,039$784$587$260
25 years$1,678$1,279$963$716$528$224
26 years$1,597$1,202$893$655$475$193
27 years$1,521$1,132$829$599$429$167
28 years$1,451$1,066$771$549$387$144
29 years$1,386$1,006$717$504$349$125
30 years$1,325$950$668$462$316$108
31 years$1,269$898$623$424$285$93
32 years$1,216$850$581$390$258$81
33 years$1,166$805$543$359$234$70
34 years$1,119$763$507$330$211$60
35 years$1,075$723$474$304$192$52
36 years$1,034$687$443$280$174$45
37 years$995$652$415$258$157$39
38 years$958$620$389$238$143$34
39 years$923$589$364$219$129$29
40 years$890$561$341$202$117$25
41 years$859$534$320$186$106$22
42 years$829$508$300$172$97$19
43 years$800$484$282$159$88$17
44 years$773$462$264$147$80$14
45 years$748$440$248$135$72$12
46 years$723$420$233$125$66$11
47 years$700$401$219$116$60$9
48 years$677$383$206$107$54$8
49 years$656$365$193$99$49$7
50 years$636$349$182$91$45$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $651,000, adding $3,260 every year, while hoping to spend $39,538 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: 55/32/13 Blend
53$651,000$651,000$651,000$651,000
54$720,765$686,262$676,171$757,811
55$752,215$677,820$656,755$774,889
56$785,547$667,640$635,363$788,902
57$820,913$655,595$611,887$803,243
58$858,476$641,549$586,215$817,953
59$898,416$625,360$558,229$833,077
60$940,930$606,878$527,805$848,668
61$986,232$585,943$494,815$864,784
62$1,034,560$562,386$459,123$881,493
63$1,086,170$536,028$420,589$898,875
64$1,141,347$506,681$379,065$917,016
65$1,200,399$474,143$334,399$936,018
66$1,263,668$438,204$286,430$955,994
67$1,331,527$398,641$234,990$977,073
68$1,404,384$355,216$179,903$999,400
69$1,482,690$307,680$120,989$1,023,140
70$1,566,937$255,769$58,055$1,048,477
71$1,657,667$199,204$0$1,075,619
72$1,755,476$137,691$0$1,106,064
73$1,861,015$70,919$0$1,147,487
74$1,975,004$0$0$1,192,151
75$2,098,231$0$0$1,240,925
76$2,231,562$0$0$1,320,767
77$2,375,953$0$0$1,407,281
78$2,532,449$0$0$1,501,100
79$2,702,203$0$0$1,602,923
80$2,886,483$0$0$1,713,517
81$3,086,682$0$0$1,833,724
82$3,304,333$0$0$1,964,473
83$3,541,124$0$0$2,106,786
84$3,798,909$0$0$2,261,786
85$4,079,730$0$0$2,430,709
86$4,385,836$0$0$2,614,916
87$4,719,698$0$0$2,815,904
88$5,084,040$0$0$3,035,323
89$5,481,856$0$0$3,274,987
90$5,916,446$0$0$3,536,894
91$6,391,441$0$0$3,823,243
92$6,910,838$0$0$4,136,455
93$7,479,038$0$0$4,479,197
94$8,100,889$0$0$4,854,405
95$8,781,727$0$0$5,265,311
96$9,527,428$0$0$5,715,475
97$10,344,465$0$0$6,208,820
98$11,239,965$0$0$6,749,662
99$12,221,777$0$0$7,342,758
100$13,298,547$0$0$7,993,345