Can I retire at age 54 with 652,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.6%
1 years$53,842$53,362$52,894$52,437$51,991$51,642
2 years$26,654$26,158$25,677$25,210$24,758$24,406
3 years$17,593$17,094$16,615$16,152$15,707$15,363
4 years$13,063$12,566$12,091$11,637$11,203$10,869
5 years$10,346$9,852$9,383$8,938$8,516$8,194
6 years$8,535$8,045$7,583$7,148$6,738$6,428
7 years$7,242$6,756$6,302$5,877$5,480$5,182
8 years$6,273$5,791$5,344$4,930$4,546$4,260
9 years$5,520$5,042$4,603$4,199$3,829$3,555
10 years$4,917$4,445$4,013$3,620$3,262$3,000
11 years$4,425$3,957$3,533$3,150$2,806$2,555
12 years$4,014$3,551$3,135$2,763$2,431$2,193
13 years$3,668$3,209$2,801$2,439$2,120$1,893
14 years$3,371$2,917$2,517$2,165$1,858$1,642
15 years$3,113$2,665$2,272$1,931$1,636$1,431
16 years$2,889$2,445$2,060$1,729$1,446$1,251
17 years$2,690$2,252$1,875$1,554$1,282$1,097
18 years$2,515$2,081$1,711$1,400$1,140$965
19 years$2,357$1,928$1,567$1,265$1,016$850
20 years$2,216$1,792$1,438$1,146$908$751
21 years$2,088$1,669$1,323$1,040$812$664
22 years$1,972$1,558$1,219$946$728$588
23 years$1,867$1,457$1,126$861$654$522
24 years$1,770$1,365$1,041$785$587$463
25 years$1,681$1,281$964$717$529$412
26 years$1,599$1,204$894$656$476$366
27 years$1,523$1,133$830$600$429$326
28 years$1,453$1,068$772$550$387$291
29 years$1,388$1,007$718$504$350$259
30 years$1,327$951$669$463$316$231
31 years$1,270$899$624$425$286$206
32 years$1,217$851$582$391$258$184
33 years$1,168$806$543$359$234$165
34 years$1,121$764$508$331$212$147
35 years$1,077$725$475$304$192$131
36 years$1,036$688$444$280$174$117
37 years$996$653$416$258$158$105
38 years$959$621$389$238$143$94
39 years$925$590$365$219$130$84
40 years$891$562$342$202$117$75
41 years$860$535$320$187$107$67
42 years$830$509$301$172$97$60
43 years$802$485$282$159$88$54
44 years$775$462$265$147$80$48
45 years$749$441$249$136$72$43
46 years$724$421$234$125$66$39
47 years$701$401$219$116$60$35
48 years$679$383$206$107$54$31
49 years$657$366$194$99$49$28
50 years$637$350$182$91$45$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $652,000, adding $4,209 every year, while hoping to spend $46,581 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: 62/19/19 Blend
53$652,000$652,000$652,000$652,000
54$722,846$688,290$678,184$763,889
55$747,014$672,454$651,341$776,228
56$772,086$654,281$622,038$784,106
57$798,106$633,608$590,143$791,627
58$825,118$610,260$555,518$798,761
59$853,172$584,055$518,020$805,478
60$882,321$554,798$477,498$811,745
61$912,619$522,285$433,796$817,528
62$944,127$486,298$386,749$822,793
63$976,909$446,608$336,187$827,505
64$1,011,035$402,972$281,930$831,627
65$1,046,577$355,134$223,791$835,123
66$1,083,615$302,824$161,576$837,954
67$1,122,236$245,754$95,080$840,083
68$1,162,531$183,623$24,092$841,470
69$1,204,599$116,110$0$842,076
70$1,248,549$42,880$0$852,336
71$1,294,495$0$0$867,630
72$1,342,563$0$0$890,695
73$1,392,890$0$0$924,242
74$1,445,621$0$0$959,406
75$1,500,917$0$0$996,295
76$1,558,950$0$0$1,035,025
77$1,619,907$0$0$1,075,726
78$1,683,994$0$0$1,118,534
79$1,751,431$0$0$1,163,600
80$1,822,461$0$0$1,211,090
81$1,897,346$0$0$1,261,180
82$1,976,372$0$0$1,314,067
83$2,059,853$0$0$1,369,961
84$2,148,127$0$0$1,429,096
85$2,241,568$0$0$1,491,723
86$2,340,582$0$0$1,558,119
87$2,445,612$0$0$1,628,586
88$2,557,143$0$0$1,703,454
89$2,675,705$0$0$1,783,085
90$2,801,880$0$0$1,867,873
91$2,936,302$0$0$1,958,251
92$3,079,666$0$0$2,054,693
93$3,232,736$0$0$2,157,718
94$3,396,345$0$0$2,267,896
95$3,571,409$0$0$2,385,849
96$3,758,933$0$0$2,512,262
97$3,960,015$0$0$2,647,886
98$4,175,864$0$0$2,793,544
99$4,407,806$0$0$2,950,139
100$4,657,295$0$0$3,118,664