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%16.4%
1 years$53,842$53,362$52,894$52,437$51,991$50,632
2 years$26,654$26,158$25,677$25,210$24,758$23,397
3 years$17,593$17,094$16,615$16,152$15,707$14,389
4 years$13,063$12,566$12,091$11,637$11,203$9,936
5 years$10,346$9,852$9,383$8,938$8,516$7,304
6 years$8,535$8,045$7,583$7,148$6,738$5,583
7 years$7,242$6,756$6,302$5,877$5,480$4,382
8 years$6,273$5,791$5,344$4,930$4,546$3,504
9 years$5,520$5,042$4,603$4,199$3,829$2,841
10 years$4,917$4,445$4,013$3,620$3,262$2,329
11 years$4,425$3,957$3,533$3,150$2,806$1,924
12 years$4,014$3,551$3,135$2,763$2,431$1,601
13 years$3,668$3,209$2,801$2,439$2,120$1,339
14 years$3,371$2,917$2,517$2,165$1,858$1,125
15 years$3,113$2,665$2,272$1,931$1,636$948
16 years$2,889$2,445$2,060$1,729$1,446$802
17 years$2,690$2,252$1,875$1,554$1,282$680
18 years$2,515$2,081$1,711$1,400$1,140$577
19 years$2,357$1,928$1,567$1,265$1,016$491
20 years$2,216$1,792$1,438$1,146$908$418
21 years$2,088$1,669$1,323$1,040$812$357
22 years$1,972$1,558$1,219$946$728$305
23 years$1,867$1,457$1,126$861$654$260
24 years$1,770$1,365$1,041$785$587$223
25 years$1,681$1,281$964$717$529$191
26 years$1,599$1,204$894$656$476$163
27 years$1,523$1,133$830$600$429$140
28 years$1,453$1,068$772$550$387$120
29 years$1,388$1,007$718$504$350$103
30 years$1,327$951$669$463$316$88
31 years$1,270$899$624$425$286$76
32 years$1,217$851$582$391$258$65
33 years$1,168$806$543$359$234$56
34 years$1,121$764$508$331$212$48
35 years$1,077$725$475$304$192$41
36 years$1,036$688$444$280$174$35
37 years$996$653$416$258$158$30
38 years$959$621$389$238$143$26
39 years$925$590$365$219$130$22
40 years$891$562$342$202$117$19
41 years$860$535$320$187$107$16
42 years$830$509$301$172$97$14
43 years$802$485$282$159$88$12
44 years$775$462$265$147$80$10
45 years$749$441$249$136$72$9
46 years$724$421$234$125$66$8
47 years$701$401$219$116$60$7
48 years$679$383$206$107$54$6
49 years$657$366$194$99$49$5
50 years$637$350$182$91$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $652,000, adding $3,884 every year, while hoping to spend $23,410 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: 58/13/29 Blend
53$652,000$652,000$652,000$652,000
54$722,510$687,954$677,848$758,476
55$771,298$696,756$675,648$792,376
56$824,278$705,204$672,590$826,533
57$881,852$713,257$668,620$863,301
58$944,465$720,870$663,681$902,941
59$1,012,602$727,995$657,717$945,741
60$1,086,801$734,581$650,664$992,017
61$1,167,653$740,573$642,459$1,042,121
62$1,255,806$745,913$633,034$1,096,440
63$1,351,976$750,541$622,319$1,155,400
64$1,456,950$754,390$610,238$1,219,475
65$1,571,593$757,390$596,716$1,289,185
66$1,696,861$759,467$581,671$1,365,106
67$1,833,802$760,542$565,019$1,447,872
68$1,983,573$760,532$546,670$1,538,185
69$2,147,447$759,347$526,532$1,636,817
70$2,326,824$756,892$504,509$1,744,623
71$2,523,248$753,068$480,498$1,862,546
72$2,738,419$747,768$454,394$1,991,625
73$2,974,208$740,879$426,087$2,133,009
74$3,232,676$732,281$395,460$2,287,962
75$3,516,094$721,848$362,393$2,457,885
76$3,826,961$709,444$326,758$2,644,317
77$4,168,032$694,928$288,426$2,848,960
78$4,542,340$678,148$247,257$3,073,693
79$4,953,226$658,944$203,107$3,320,584
80$5,404,371$637,148$155,827$3,591,919
81$5,899,829$612,581$105,259$3,890,218
82$6,444,067$585,052$51,240$4,218,261
83$7,042,003$554,362$0$4,579,113
84$7,699,060$520,298$0$4,978,141
85$8,421,208$482,636$0$5,434,140
86$9,215,025$441,140$0$5,935,411
87$10,087,760$395,558$0$6,486,551
88$11,047,397$345,625$0$7,092,628
89$12,102,734$291,063$0$7,759,226
90$13,263,462$231,575$0$8,492,500
91$14,540,262$166,849$0$9,299,231
92$15,944,899$96,555$0$10,186,895
93$17,490,338$20,344$0$11,163,730
94$19,190,861$0$0$12,238,814
95$21,062,208$0$0$13,431,045
96$23,121,719$0$0$14,746,423
97$25,388,502$0$0$16,194,251
98$27,883,611$0$0$17,787,983
99$30,630,244$0$0$19,542,446
100$33,653,961$0$0$21,473,977