Can I retire at age 54 with 654,000?

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 $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%18.7%
1 years$54,007$53,526$53,056$52,598$52,151$50,321
2 years$26,736$26,238$25,755$25,288$24,834$23,009
3 years$17,647$17,147$16,666$16,202$15,756$13,994
4 years$13,103$12,605$12,128$11,673$11,237$9,551
5 years$10,378$9,882$9,412$8,966$8,542$6,937
6 years$8,561$8,070$7,606$7,170$6,759$5,236
7 years$7,265$6,777$6,321$5,895$5,497$4,056
8 years$6,292$5,809$5,361$4,945$4,560$3,200
9 years$5,537$5,058$4,617$4,212$3,840$2,558
10 years$4,932$4,458$4,025$3,631$3,272$2,067
11 years$4,438$3,969$3,544$3,160$2,814$1,683
12 years$4,027$3,562$3,145$2,772$2,439$1,379
13 years$3,679$3,219$2,810$2,447$2,127$1,136
14 years$3,381$2,926$2,525$2,172$1,864$939
15 years$3,123$2,673$2,279$1,937$1,641$779
16 years$2,897$2,453$2,067$1,735$1,451$648
17 years$2,699$2,259$1,881$1,558$1,286$540
18 years$2,522$2,087$1,717$1,404$1,144$451
19 years$2,365$1,934$1,572$1,269$1,019$377
20 years$2,223$1,797$1,442$1,149$911$315
21 years$2,095$1,674$1,327$1,043$815$264
22 years$1,978$1,563$1,223$948$730$222
23 years$1,872$1,462$1,129$864$656$186
24 years$1,775$1,370$1,044$788$589$156
25 years$1,686$1,285$967$719$530$131
26 years$1,604$1,208$897$658$478$110
27 years$1,528$1,137$833$602$431$93
28 years$1,458$1,071$774$552$389$78
29 years$1,392$1,011$720$506$351$66
30 years$1,331$954$671$464$317$55
31 years$1,274$902$626$426$287$47
32 years$1,221$854$584$392$259$39
33 years$1,171$808$545$360$235$33
34 years$1,124$766$509$332$212$28
35 years$1,080$727$476$305$192$23
36 years$1,039$690$445$281$174$20
37 years$999$655$417$259$158$17
38 years$962$623$390$239$143$14
39 years$927$592$366$220$130$12
40 years$894$563$343$203$118$10
41 years$863$536$321$187$107$8
42 years$833$511$302$173$97$7
43 years$804$487$283$160$88$6
44 years$777$464$266$147$80$5
45 years$751$442$249$136$73$4
46 years$727$422$234$126$66$4
47 years$703$403$220$116$60$3
48 years$681$384$207$107$54$3
49 years$659$367$194$99$49$2
50 years$639$351$183$92$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $654,000, adding $6,564 every year, while hoping to spend $58,712 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: 71/13/16 Blend
53$654,000$654,000$654,000$654,000
54$727,479$692,817$682,680$775,992
55$739,212$664,296$643,080$780,561
56$750,175$632,409$600,187$777,863
57$760,226$596,931$553,826$773,394
58$769,209$557,620$503,819$766,968
59$776,949$514,223$449,977$758,384
60$783,250$466,473$392,104$747,420
61$787,896$414,084$329,994$733,834
62$790,645$356,759$263,433$717,360
63$791,230$294,179$192,197$697,710
64$789,353$226,011$116,053$674,567
65$784,683$151,902$34,757$647,582
66$776,854$71,478$0$616,378
67$765,458$0$0$589,414
68$750,045$0$0$566,508
69$730,114$0$0$550,274
70$705,113$0$0$530,051
71$674,428$0$0$505,361
72$637,382$0$0$475,672
73$593,223$0$0$440,396
74$541,121$0$0$398,882
75$480,157$0$0$350,411
76$409,316$0$0$294,187
77$327,474$0$0$229,331
78$233,392$0$0$154,873
79$125,698$0$0$69,737
80$2,876$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0