Can I retire at age 54 with 654,000?

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 $654,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$54,007$53,526$53,056$52,598$52,151$50,952
2 years$26,736$26,238$25,755$25,288$24,834$23,633
3 years$17,647$17,147$16,666$16,202$15,756$14,590
4 years$13,103$12,605$12,128$11,673$11,237$10,115
5 years$10,378$9,882$9,412$8,966$8,542$7,468
6 years$8,561$8,070$7,606$7,170$6,759$5,733
7 years$7,265$6,777$6,321$5,895$5,497$4,520
8 years$6,292$5,809$5,361$4,945$4,560$3,631
9 years$5,537$5,058$4,617$4,212$3,840$2,959
10 years$4,932$4,458$4,025$3,631$3,272$2,437
11 years$4,438$3,969$3,544$3,160$2,814$2,024
12 years$4,027$3,562$3,145$2,772$2,439$1,693
13 years$3,679$3,219$2,810$2,447$2,127$1,424
14 years$3,381$2,926$2,525$2,172$1,864$1,202
15 years$3,123$2,673$2,279$1,937$1,641$1,019
16 years$2,897$2,453$2,067$1,735$1,451$867
17 years$2,699$2,259$1,881$1,558$1,286$739
18 years$2,522$2,087$1,717$1,404$1,144$631
19 years$2,365$1,934$1,572$1,269$1,019$540
20 years$2,223$1,797$1,442$1,149$911$463
21 years$2,095$1,674$1,327$1,043$815$398
22 years$1,978$1,563$1,223$948$730$342
23 years$1,872$1,462$1,129$864$656$294
24 years$1,775$1,370$1,044$788$589$253
25 years$1,686$1,285$967$719$530$218
26 years$1,604$1,208$897$658$478$188
27 years$1,528$1,137$833$602$431$162
28 years$1,458$1,071$774$552$389$140
29 years$1,392$1,011$720$506$351$121
30 years$1,331$954$671$464$317$104
31 years$1,274$902$626$426$287$90
32 years$1,221$854$584$392$259$78
33 years$1,171$808$545$360$235$67
34 years$1,124$766$509$332$212$58
35 years$1,080$727$476$305$192$50
36 years$1,039$690$445$281$174$43
37 years$999$655$417$259$158$37
38 years$962$623$390$239$143$32
39 years$927$592$366$220$130$28
40 years$894$563$343$203$118$24
41 years$863$536$321$187$107$21
42 years$833$511$302$173$97$18
43 years$804$487$283$160$88$16
44 years$777$464$266$147$80$14
45 years$751$442$249$136$73$12
46 years$727$422$234$126$66$10
47 years$703$403$220$116$60$9
48 years$681$384$207$107$54$8
49 years$659$367$194$99$49$7
50 years$639$351$183$92$45$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $654,000, adding $2,436 every year, while hoping to spend $39,145 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: 50/25/25 Blend
53$654,000$654,000$654,000$654,000
54$723,221$688,559$678,422$754,176
55$755,339$680,648$659,499$768,073
56$789,422$671,038$638,630$779,034
57$825,628$659,604$615,709$790,160
58$864,131$646,213$590,624$801,482
59$905,121$630,726$563,259$813,039
60$948,807$612,996$533,492$824,875
61$995,417$592,864$501,195$837,043
62$1,045,200$570,166$466,237$849,602
63$1,098,432$544,725$428,477$862,621
64$1,155,412$516,356$387,771$876,180
65$1,216,469$484,863$343,966$890,370
66$1,281,966$450,038$296,906$905,294
67$1,352,297$411,661$246,423$921,071
68$1,427,899$369,499$192,345$937,835
69$1,509,249$323,309$134,493$955,739
70$1,596,871$272,830$72,677$974,954
71$1,691,341$217,788$6,701$995,675
72$1,793,292$157,894$0$1,018,123
73$1,903,420$92,843$0$1,059,539
74$2,022,488$22,311$0$1,106,220
75$2,151,336$0$0$1,156,750
76$2,290,886$0$0$1,226,410
77$2,442,154$0$0$1,308,629
78$2,606,257$0$0$1,397,883
79$2,784,420$0$0$1,494,849
80$2,977,994$0$0$1,600,268
81$3,188,463$0$0$1,714,958
82$3,417,462$0$0$1,839,817
83$3,666,788$0$0$1,975,835
84$3,938,419$0$0$2,124,099
85$4,234,531$0$0$2,285,809
86$4,557,520$0$0$2,462,282
87$4,910,022$0$0$2,654,970
88$5,294,940$0$0$2,865,471
89$5,715,469$0$0$3,095,543
90$6,175,125$0$0$3,347,123
91$6,677,782$0$0$3,622,342
92$7,227,703$0$0$3,923,550
93$7,829,583$0$0$4,253,330
94$8,488,590$0$0$4,614,529
95$9,210,420$0$0$5,010,282
96$10,001,339$0$0$5,444,042
97$10,868,253$0$0$5,919,611
98$11,818,766$0$0$6,441,176
99$12,861,252$0$0$7,013,351
100$14,004,937$0$0$7,641,215