Can I retire at age 54 with 658,000?

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 $658,000?

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$54,337$53,853$53,381$52,920$52,470$51,098
2 years$26,900$26,399$25,913$25,442$24,986$23,613
3 years$17,755$17,252$16,767$16,301$15,852$14,521
4 years$13,183$12,682$12,202$11,744$11,306$10,027
5 years$10,441$9,943$9,470$9,021$8,594$7,372
6 years$8,614$8,119$7,653$7,214$6,800$5,635
7 years$7,309$6,818$6,360$5,931$5,531$4,422
8 years$6,331$5,845$5,393$4,975$4,588$3,536
9 years$5,570$5,089$4,645$4,238$3,864$2,867
10 years$4,962$4,485$4,050$3,653$3,292$2,350
11 years$4,465$3,993$3,565$3,179$2,831$1,942
12 years$4,051$3,584$3,164$2,789$2,454$1,616
13 years$3,701$3,239$2,827$2,462$2,140$1,351
14 years$3,402$2,944$2,540$2,185$1,876$1,135
15 years$3,142$2,689$2,293$1,949$1,651$957
16 years$2,915$2,468$2,079$1,745$1,460$809
17 years$2,715$2,273$1,892$1,568$1,294$686
18 years$2,538$2,100$1,727$1,413$1,151$582
19 years$2,379$1,946$1,581$1,277$1,026$496
20 years$2,236$1,808$1,451$1,156$916$422
21 years$2,107$1,685$1,335$1,050$820$360
22 years$1,990$1,572$1,230$954$735$308
23 years$1,884$1,471$1,136$869$660$263
24 years$1,786$1,378$1,050$793$593$225
25 years$1,696$1,293$973$724$534$192
26 years$1,614$1,215$902$662$481$165
27 years$1,537$1,144$838$606$433$141
28 years$1,467$1,078$779$555$391$121
29 years$1,401$1,017$725$509$353$104
30 years$1,339$960$675$467$319$89
31 years$1,282$908$629$429$288$76
32 years$1,229$859$587$394$261$65
33 years$1,178$813$548$363$236$56
34 years$1,131$771$512$334$214$48
35 years$1,087$731$479$307$194$41
36 years$1,045$694$448$283$175$36
37 years$1,006$659$419$261$159$31
38 years$968$626$393$240$144$26
39 years$933$596$368$221$131$23
40 years$900$567$345$204$119$19
41 years$868$539$323$188$108$17
42 years$838$514$303$174$98$14
43 years$809$490$285$161$89$12
44 years$782$467$267$148$80$11
45 years$756$445$251$137$73$9
46 years$731$424$236$126$66$8
47 years$707$405$221$117$60$7
48 years$685$387$208$108$55$6
49 years$663$369$196$100$50$5
50 years$642$353$184$92$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $658,000, adding $5,899 every year, while hoping to spend $30,248 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: 77/13/10 Blend
53$658,000$658,000$658,000$658,000
54$731,201$696,327$686,128$785,785
55$773,600$698,263$676,929$824,454
56$819,309$699,281$666,409$862,381
57$868,636$699,302$654,491$903,100
58$921,915$698,246$641,094$946,876
59$979,516$696,026$626,137$994,002
60$1,041,844$692,549$609,530$1,044,801
61$1,109,346$687,718$591,183$1,099,629
62$1,182,513$681,429$571,001$1,158,878
63$1,261,882$673,572$548,883$1,222,980
64$1,348,048$664,032$524,724$1,292,412
65$1,441,663$652,683$498,417$1,367,700
66$1,543,444$639,396$469,845$1,449,422
67$1,654,181$624,032$438,890$1,538,218
68$1,774,742$606,444$405,428$1,634,792
69$1,906,083$586,477$369,327$1,739,921
70$2,049,256$563,967$330,452$1,854,459
71$2,205,418$538,739$288,660$1,979,352
72$2,375,844$510,610$243,803$2,115,640
73$2,561,935$479,386$195,726$2,264,471
74$2,765,236$444,859$144,266$2,427,109
75$2,987,446$406,813$89,255$2,604,951
76$3,230,437$365,018$30,516$2,799,535
77$3,496,268$319,231$0$3,012,555
78$3,787,208$269,194$0$3,249,317
79$4,105,755$214,636$0$3,512,145
80$4,454,660$155,272$0$3,800,077
81$4,836,952$90,796$0$4,115,642
82$5,255,968$20,891$0$4,461,626
83$5,715,380$0$0$4,841,101
84$6,219,237$0$0$5,265,289
85$6,771,995$0$0$5,733,949
86$7,378,564$0$0$6,248,257
87$8,044,351$0$0$6,812,803
88$8,775,313$0$0$7,432,640
89$9,578,013$0$0$8,113,335
90$10,459,678$0$0$8,861,022
91$11,428,271$0$0$9,682,458
92$12,492,564$0$0$10,585,084
93$13,662,222$0$0$11,577,101
94$14,947,890$0$0$12,667,543
95$16,361,298$0$0$13,866,362
96$17,915,368$0$0$15,184,522
97$19,624,338$0$0$16,634,103
98$21,503,894$0$0$18,228,416
99$23,571,317$0$0$19,982,125
100$25,845,649$0$0$21,911,386