Can I retire at age 54 with 652,000?

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 $652,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$53,842$53,362$52,894$52,437$51,991$49,909
2 years$26,654$26,158$25,677$25,210$24,758$22,686
3 years$17,593$17,094$16,615$16,152$15,707$13,711
4 years$13,063$12,566$12,091$11,637$11,203$9,297
5 years$10,346$9,852$9,383$8,938$8,516$6,707
6 years$8,535$8,045$7,583$7,148$6,738$5,026
7 years$7,242$6,756$6,302$5,877$5,480$3,864
8 years$6,273$5,791$5,344$4,930$4,546$3,025
9 years$5,520$5,042$4,603$4,199$3,829$2,400
10 years$4,917$4,445$4,013$3,620$3,262$1,923
11 years$4,425$3,957$3,533$3,150$2,806$1,552
12 years$4,014$3,551$3,135$2,763$2,431$1,261
13 years$3,668$3,209$2,801$2,439$2,120$1,029
14 years$3,371$2,917$2,517$2,165$1,858$843
15 years$3,113$2,665$2,272$1,931$1,636$693
16 years$2,889$2,445$2,060$1,729$1,446$571
17 years$2,690$2,252$1,875$1,554$1,282$471
18 years$2,515$2,081$1,711$1,400$1,140$390
19 years$2,357$1,928$1,567$1,265$1,016$323
20 years$2,216$1,792$1,438$1,146$908$267
21 years$2,088$1,669$1,323$1,040$812$222
22 years$1,972$1,558$1,219$946$728$184
23 years$1,867$1,457$1,126$861$654$153
24 years$1,770$1,365$1,041$785$587$127
25 years$1,681$1,281$964$717$529$106
26 years$1,599$1,204$894$656$476$88
27 years$1,523$1,133$830$600$429$73
28 years$1,453$1,068$772$550$387$61
29 years$1,388$1,007$718$504$350$51
30 years$1,327$951$669$463$316$42
31 years$1,270$899$624$425$286$35
32 years$1,217$851$582$391$258$29
33 years$1,168$806$543$359$234$24
34 years$1,121$764$508$331$212$20
35 years$1,077$725$475$304$192$17
36 years$1,036$688$444$280$174$14
37 years$996$653$416$258$158$12
38 years$959$621$389$238$143$10
39 years$925$590$365$219$130$8
40 years$891$562$342$202$117$7
41 years$860$535$320$187$107$6
42 years$830$509$301$172$97$5
43 years$802$485$282$159$88$4
44 years$775$462$265$147$80$3
45 years$749$441$249$136$72$3
46 years$724$421$234$125$66$2
47 years$701$401$219$116$60$2
48 years$679$383$206$107$54$2
49 years$657$366$194$99$49$1
50 years$637$350$182$91$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $652,000, adding $5,814 every year, while hoping to spend $28,288 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: 82/11/7 Blend
53$652,000$652,000$652,000$652,000
54$724,501$689,945$679,839$782,936
55$768,302$693,654$672,516$825,713
56$815,623$696,597$663,999$868,283
57$866,792$698,706$654,218$914,147
58$922,172$699,910$643,101$963,617
59$982,159$700,132$630,572$1,017,039
60$1,047,193$699,291$616,549$1,074,792
61$1,117,752$697,302$600,949$1,137,296
62$1,194,367$694,074$583,685$1,205,011
63$1,277,619$689,510$564,665$1,278,445
64$1,368,147$683,507$543,792$1,358,158
65$1,466,655$675,956$520,966$1,444,766
66$1,573,919$666,743$496,084$1,538,949
67$1,690,790$655,744$469,034$1,641,454
68$1,818,206$642,831$439,702$1,753,106
69$1,957,200$627,867$407,969$1,874,813
70$2,108,907$610,705$373,709$2,007,577
71$2,274,579$591,193$336,791$2,152,501
72$2,455,592$569,168$297,080$2,310,799
73$2,653,462$544,457$254,432$2,483,813
74$2,869,859$516,878$208,698$2,673,018
75$3,106,618$486,239$159,724$2,880,041
76$3,365,764$452,336$107,345$3,106,675
77$3,649,524$414,953$51,394$3,354,897
78$3,960,353$373,862$0$3,626,885
79$4,300,950$328,823$0$3,925,659
80$4,674,293$279,582$0$4,257,383
81$5,083,659$225,869$0$4,621,143
82$5,532,656$167,400$0$5,020,169
83$6,025,260$103,877$0$5,458,018
84$6,565,851$34,981$0$5,938,610
85$7,159,252$0$0$6,466,267
86$7,810,775$0$0$7,050,543
87$8,526,274$0$0$7,696,858
88$9,312,196$0$0$8,406,802
89$10,175,644$0$0$9,186,794
90$11,124,442$0$0$10,043,903
91$12,167,210$0$0$10,985,920
92$13,313,445$0$0$12,021,425
93$14,573,609$0$0$13,159,872
94$15,959,229$0$0$14,411,676
95$17,483,004$0$0$15,788,314
96$19,158,926$0$0$17,302,428
97$21,002,411$0$0$18,967,949
98$23,030,443$0$0$20,800,224
99$25,261,737$0$0$22,816,164
100$27,716,912$0$0$25,034,401