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%17.5%
1 years$54,420$53,935$53,462$53,000$52,550$50,949
2 years$26,940$26,439$25,952$25,481$25,024$23,425
3 years$17,782$17,278$16,793$16,326$15,876$14,329
4 years$13,203$12,701$12,221$11,762$11,323$9,840
5 years$10,457$9,958$9,484$9,034$8,607$7,192
6 years$8,627$8,131$7,664$7,225$6,811$5,464
7 years$7,320$6,829$6,369$5,940$5,539$4,262
8 years$6,340$5,853$5,402$4,983$4,595$3,386
9 years$5,579$5,096$4,652$4,244$3,870$2,727
10 years$4,970$4,492$4,056$3,659$3,297$2,220
11 years$4,472$3,999$3,571$3,184$2,836$1,822
12 years$4,058$3,589$3,169$2,793$2,457$1,505
13 years$3,707$3,244$2,831$2,466$2,143$1,249
14 years$3,407$2,949$2,544$2,189$1,878$1,041
15 years$3,147$2,694$2,297$1,952$1,654$871
16 years$2,920$2,471$2,082$1,748$1,462$731
17 years$2,719$2,276$1,895$1,570$1,296$614
18 years$2,542$2,103$1,730$1,415$1,152$518
19 years$2,383$1,949$1,584$1,279$1,027$437
20 years$2,240$1,811$1,453$1,158$917$369
21 years$2,111$1,687$1,337$1,051$821$312
22 years$1,993$1,575$1,232$956$736$264
23 years$1,887$1,473$1,138$870$661$224
24 years$1,789$1,380$1,052$794$594$190
25 years$1,699$1,295$974$725$534$161
26 years$1,616$1,217$904$663$481$137
27 years$1,540$1,145$839$607$434$116
28 years$1,469$1,079$780$556$392$99
29 years$1,403$1,018$726$510$354$84
30 years$1,341$962$676$468$319$71
31 years$1,284$909$630$430$289$61
32 years$1,230$860$588$395$261$51
33 years$1,180$815$549$363$236$44
34 years$1,133$772$513$334$214$37
35 years$1,089$732$480$308$194$32
36 years$1,047$695$449$283$176$27
37 years$1,007$660$420$261$159$23
38 years$970$627$393$241$144$19
39 years$934$597$369$222$131$17
40 years$901$568$345$205$119$14
41 years$869$540$324$189$108$12
42 years$839$515$304$174$98$10
43 years$810$490$285$161$89$9
44 years$783$467$268$148$81$7
45 years$757$446$251$137$73$6
46 years$732$425$236$127$66$5
47 years$708$406$222$117$60$5
48 years$686$387$208$108$55$4
49 years$664$370$196$100$50$3
50 years$643$353$184$92$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $659,000, adding $5,335 every year, while hoping to spend $25,902 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: 66/18/16 Blend
53$659,000$659,000$659,000$659,000
54$731,721$696,794$686,580$776,848
55$778,797$703,377$682,020$814,271
56$829,807$709,415$676,440$851,660
57$885,124$714,854$669,778$891,891
58$945,160$719,635$661,969$935,243
59$1,010,366$723,697$652,945$982,022
60$1,081,241$726,976$642,637$1,032,565
61$1,158,332$729,402$630,969$1,087,246
62$1,242,240$730,900$617,864$1,146,475
63$1,333,628$731,394$603,242$1,210,707
64$1,433,225$730,799$587,018$1,280,442
65$1,541,834$729,028$569,103$1,356,231
66$1,660,336$725,986$549,403$1,438,685
67$1,789,705$721,574$527,823$1,528,475
68$1,931,010$715,686$504,260$1,626,344
69$2,085,429$708,210$478,608$1,733,108
70$2,254,258$699,028$450,757$1,849,671
71$2,438,925$688,014$420,591$1,977,028
72$2,641,003$675,034$387,988$2,116,277
73$2,862,222$659,947$352,822$2,268,630
74$3,104,488$642,604$314,961$2,435,423
75$3,369,900$622,846$274,266$2,618,131
76$3,660,770$600,505$230,594$2,818,378
77$3,979,644$575,405$183,794$3,037,958
78$4,329,325$547,357$133,709$3,278,851
79$4,712,902$516,164$80,174$3,543,236
80$5,133,776$481,614$23,019$3,833,520
81$5,595,695$443,487$0$4,152,358
82$6,102,785$401,547$0$4,509,158
83$6,659,593$355,546$0$4,905,282
84$7,271,126$305,223$0$5,340,386
85$7,942,901$250,299$0$5,818,432
86$8,680,997$190,483$0$6,343,785
87$9,492,107$125,466$0$6,921,255
88$10,383,609$54,921$0$7,556,145
89$11,363,628$0$0$8,254,301
90$12,441,117$0$0$9,026,423
91$13,625,940$0$0$9,887,467
92$14,928,963$0$0$10,834,459
93$16,362,160$0$0$11,876,106
94$17,938,722$0$0$13,022,001
95$19,673,183$0$0$14,282,716
96$21,581,557$0$0$15,669,896
97$23,681,489$0$0$17,196,375
98$25,992,421$0$0$18,876,291
99$28,535,774$0$0$20,725,224
100$31,335,151$0$0$22,760,340