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%19.1%
1 years$53,842$53,362$52,894$52,437$51,991$50,087
2 years$26,654$26,158$25,677$25,210$24,758$22,860
3 years$17,593$17,094$16,615$16,152$15,707$13,876
4 years$13,063$12,566$12,091$11,637$11,203$9,452
5 years$10,346$9,852$9,383$8,938$8,516$6,851
6 years$8,535$8,045$7,583$7,148$6,738$5,160
7 years$7,242$6,756$6,302$5,877$5,480$3,987
8 years$6,273$5,791$5,344$4,930$4,546$3,138
9 years$5,520$5,042$4,603$4,199$3,829$2,503
10 years$4,917$4,445$4,013$3,620$3,262$2,017
11 years$4,425$3,957$3,533$3,150$2,806$1,638
12 years$4,014$3,551$3,135$2,763$2,431$1,339
13 years$3,668$3,209$2,801$2,439$2,120$1,099
14 years$3,371$2,917$2,517$2,165$1,858$906
15 years$3,113$2,665$2,272$1,931$1,636$750
16 years$2,889$2,445$2,060$1,729$1,446$622
17 years$2,690$2,252$1,875$1,554$1,282$517
18 years$2,515$2,081$1,711$1,400$1,140$430
19 years$2,357$1,928$1,567$1,265$1,016$358
20 years$2,216$1,792$1,438$1,146$908$299
21 years$2,088$1,669$1,323$1,040$812$250
22 years$1,972$1,558$1,219$946$728$209
23 years$1,867$1,457$1,126$861$654$175
24 years$1,770$1,365$1,041$785$587$146
25 years$1,681$1,281$964$717$529$123
26 years$1,599$1,204$894$656$476$103
27 years$1,523$1,133$830$600$429$86
28 years$1,453$1,068$772$550$387$72
29 years$1,388$1,007$718$504$350$61
30 years$1,327$951$669$463$316$51
31 years$1,270$899$624$425$286$43
32 years$1,217$851$582$391$258$36
33 years$1,168$806$543$359$234$30
34 years$1,121$764$508$331$212$25
35 years$1,077$725$475$304$192$21
36 years$1,036$688$444$280$174$18
37 years$996$653$416$258$158$15
38 years$959$621$389$238$143$12
39 years$925$590$365$219$130$10
40 years$891$562$342$202$117$9
41 years$860$535$320$187$107$7
42 years$830$509$301$172$97$6
43 years$802$485$282$159$88$5
44 years$775$462$265$147$80$4
45 years$749$441$249$136$72$4
46 years$724$421$234$125$66$3
47 years$701$401$219$116$60$3
48 years$679$383$206$107$54$2
49 years$657$366$194$99$49$2
50 years$637$350$182$91$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $652,000, adding $6,299 every year, while hoping to spend $26,160 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: 57/35/8 Blend
53$652,000$652,000$652,000$652,000
54$725,001$690,445$680,339$764,643
55$771,118$696,443$675,297$798,073
56$821,061$701,858$669,208$830,997
57$875,194$706,634$662,012$866,229
58$933,915$710,711$653,641$903,992
59$997,664$714,025$644,028$944,532
60$1,066,923$716,510$633,100$988,123
61$1,142,223$718,092$620,782$1,035,064
62$1,224,147$718,696$606,995$1,085,687
63$1,313,337$718,240$591,657$1,140,361
64$1,410,502$716,637$574,682$1,199,490
65$1,516,418$713,798$555,979$1,263,521
66$1,631,942$709,623$535,453$1,332,950
67$1,758,016$704,011$513,007$1,408,322
68$1,895,678$696,852$488,537$1,490,241
69$2,046,069$688,029$461,935$1,579,371
70$2,210,447$677,421$433,088$1,676,449
71$2,390,195$664,897$401,879$1,782,286
72$2,586,837$650,319$368,184$1,897,779
73$2,802,051$633,542$331,875$2,023,917
74$3,037,685$614,410$292,818$2,161,794
75$3,295,773$592,760$250,871$2,312,616
76$3,578,555$568,419$205,889$2,477,714
77$3,888,500$541,203$157,718$2,658,559
78$4,228,324$510,920$106,199$2,856,773
79$4,601,021$477,363$51,165$3,074,148
80$5,009,888$440,316$0$3,312,660
81$5,458,555$399,550$0$3,575,138
82$5,951,022$354,823$0$3,868,046
83$6,491,696$305,879$0$4,189,685
84$7,085,429$252,447$0$4,543,005
85$7,737,567$194,241$0$4,931,259
86$8,454,001$130,960$0$5,358,035
87$9,241,217$62,286$0$5,827,293
88$10,106,364$0$0$6,343,397
89$11,057,316$0$0$6,915,832
90$12,102,749$0$0$7,571,574
91$13,252,219$0$0$8,292,637
92$14,516,258$0$0$9,085,635
93$15,906,467$0$0$9,957,854
94$17,435,628$0$0$10,917,321
95$19,117,824$0$0$11,972,883
96$20,968,573$0$0$13,134,285
97$23,004,971$0$0$14,412,265
98$25,245,856$0$0$15,818,656
99$27,711,985$0$0$17,366,493
100$30,426,227$0$0$19,070,140