Can I retire at age 54 with 659,000?

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 $659,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$54,420$53,935$53,462$53,000$52,550$51,637
2 years$26,940$26,439$25,952$25,481$25,024$24,107
3 years$17,782$17,278$16,793$16,326$15,876$14,984
4 years$13,203$12,701$12,221$11,762$11,323$10,462
5 years$10,457$9,958$9,484$9,034$8,607$7,781
6 years$8,627$8,131$7,664$7,225$6,811$6,019
7 years$7,320$6,829$6,369$5,940$5,539$4,783
8 years$6,340$5,853$5,402$4,983$4,595$3,874
9 years$5,579$5,096$4,652$4,244$3,870$3,183
10 years$4,970$4,492$4,056$3,659$3,297$2,644
11 years$4,472$3,999$3,571$3,184$2,836$2,216
12 years$4,058$3,589$3,169$2,793$2,457$1,870
13 years$3,707$3,244$2,831$2,466$2,143$1,587
14 years$3,407$2,949$2,544$2,189$1,878$1,354
15 years$3,147$2,694$2,297$1,952$1,654$1,159
16 years$2,920$2,471$2,082$1,748$1,462$995
17 years$2,719$2,276$1,895$1,570$1,296$857
18 years$2,542$2,103$1,730$1,415$1,152$740
19 years$2,383$1,949$1,584$1,279$1,027$640
20 years$2,240$1,811$1,453$1,158$917$554
21 years$2,111$1,687$1,337$1,051$821$481
22 years$1,993$1,575$1,232$956$736$417
23 years$1,887$1,473$1,138$870$661$363
24 years$1,789$1,380$1,052$794$594$316
25 years$1,699$1,295$974$725$534$275
26 years$1,616$1,217$904$663$481$240
27 years$1,540$1,145$839$607$434$209
28 years$1,469$1,079$780$556$392$183
29 years$1,403$1,018$726$510$354$159
30 years$1,341$962$676$468$319$139
31 years$1,284$909$630$430$289$122
32 years$1,230$860$588$395$261$106
33 years$1,180$815$549$363$236$93
34 years$1,133$772$513$334$214$81
35 years$1,089$732$480$308$194$71
36 years$1,047$695$449$283$176$62
37 years$1,007$660$420$261$159$54
38 years$970$627$393$241$144$48
39 years$934$597$369$222$131$42
40 years$901$568$345$205$119$36
41 years$869$540$324$189$108$32
42 years$839$515$304$174$98$28
43 years$810$490$285$161$89$24
44 years$783$467$268$148$81$21
45 years$757$446$251$137$73$19
46 years$732$425$236$127$66$16
47 years$708$406$222$117$60$14
48 years$686$387$208$108$55$13
49 years$664$370$196$100$50$11
50 years$643$353$184$92$45$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $659,000, adding $3,717 every year, while hoping to spend $32,066 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: 59/16/25 Blend
53$659,000$659,000$659,000$659,000
54$730,052$695,125$684,911$768,006
55$770,399$695,068$673,737$794,242
56$813,787$693,934$661,115$819,082
57$860,493$691,635$646,961$845,491
58$910,818$688,081$631,189$873,627
59$965,097$683,172$613,710$903,669
60$1,023,696$676,807$594,428$935,811
61$1,087,017$668,875$573,245$970,273
62$1,155,503$659,259$550,059$1,007,295
63$1,229,638$647,837$524,760$1,047,144
64$1,309,958$634,478$497,236$1,090,118
65$1,397,050$619,043$467,370$1,136,545
66$1,491,560$601,387$435,037$1,186,788
67$1,594,198$581,354$400,110$1,241,250
68$1,705,746$558,780$362,454$1,300,377
69$1,827,063$533,492$321,927$1,364,663
70$1,959,096$505,305$278,384$1,434,653
71$2,102,885$474,026$231,671$1,510,953
72$2,259,574$439,449$181,627$1,594,231
73$2,430,426$401,357$128,087$1,685,228
74$2,616,826$359,520$70,874$1,784,760
75$2,820,302$313,696$9,808$1,893,735
76$3,042,533$263,628$0$2,013,152
77$3,285,371$209,045$0$2,158,885
78$3,550,852$149,662$0$2,321,142
79$3,841,219$85,175$0$2,498,710
80$4,158,942$15,267$0$2,693,142
81$4,506,738$0$0$2,906,147
82$4,887,602$0$0$3,150,247
83$5,304,832$0$0$3,420,653
84$5,762,058$0$0$3,717,036
85$6,263,279$0$0$4,041,996
86$6,812,899$0$0$4,398,395
87$7,415,770$0$0$4,789,387
88$8,077,235$0$0$5,218,443
89$8,803,178$0$0$5,689,391
90$9,600,082$0$0$6,206,443
91$10,475,089$0$0$6,774,241
92$11,436,064$0$0$7,397,900
93$12,491,672$0$0$8,083,051
94$13,651,460$0$0$8,835,900
95$14,925,945$0$0$9,663,284
96$16,326,710$0$0$10,572,734
97$17,866,521$0$0$11,572,547
98$19,559,439$0$0$12,671,866
99$21,420,956$0$0$13,880,760
100$23,468,141$0$0$15,210,328