Can I retire at age 54 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$54,502$54,017$53,543$53,081$52,629$50,641
2 years$26,981$26,479$25,992$25,520$25,062$23,082
3 years$17,809$17,304$16,818$16,351$15,900$13,991
4 years$13,224$12,720$12,239$11,780$11,340$9,516
5 years$10,473$9,973$9,498$9,048$8,621$6,886
6 years$8,640$8,144$7,676$7,236$6,821$5,178
7 years$7,331$6,839$6,379$5,949$5,547$3,994
8 years$6,350$5,862$5,410$4,990$4,602$3,138
9 years$5,587$5,104$4,659$4,251$3,876$2,498
10 years$4,977$4,499$4,062$3,664$3,302$2,009
11 years$4,479$4,005$3,576$3,189$2,840$1,629
12 years$4,064$3,595$3,174$2,797$2,461$1,328
13 years$3,713$3,249$2,836$2,469$2,146$1,089
14 years$3,412$2,953$2,548$2,192$1,881$896
15 years$3,152$2,698$2,300$1,955$1,656$739
16 years$2,924$2,475$2,086$1,750$1,464$612
17 years$2,723$2,279$1,898$1,573$1,298$507
18 years$2,545$2,106$1,732$1,417$1,154$421
19 years$2,386$1,952$1,586$1,281$1,029$350
20 years$2,243$1,814$1,456$1,160$919$292
21 years$2,114$1,690$1,339$1,053$822$243
22 years$1,996$1,577$1,234$957$737$203
23 years$1,889$1,475$1,139$872$662$169
24 years$1,792$1,382$1,054$795$595$141
25 years$1,702$1,297$976$726$535$118
26 years$1,619$1,219$905$664$482$99
27 years$1,542$1,147$840$608$435$83
28 years$1,471$1,081$781$557$392$69
29 years$1,405$1,020$727$511$354$58
30 years$1,343$963$677$469$320$48
31 years$1,286$910$631$430$289$40
32 years$1,232$861$589$395$262$34
33 years$1,182$816$550$364$237$28
34 years$1,135$773$514$335$214$24
35 years$1,090$733$480$308$194$20
36 years$1,048$696$449$284$176$17
37 years$1,009$661$421$261$159$14
38 years$971$628$394$241$145$12
39 years$936$597$369$222$131$10
40 years$902$568$346$205$119$8
41 years$871$541$324$189$108$7
42 years$840$515$304$174$98$6
43 years$812$491$286$161$89$5
44 years$784$468$268$149$81$4
45 years$758$446$252$137$73$3
46 years$733$426$236$127$66$3
47 years$710$406$222$117$60$2
48 years$687$388$209$108$55$2
49 years$665$370$196$100$50$2
50 years$644$354$184$93$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $660,000, adding $3,821 every year, while hoping to spend $35,020 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: 61/34/5 Blend
53$660,000$660,000$660,000$660,000
54$731,261$696,281$686,051$775,038
55$768,589$693,138$671,773$801,591
56$808,550$688,667$655,843$826,131
57$851,377$682,766$638,168$851,999
58$897,323$675,328$618,652$879,324
59$946,668$666,236$597,195$908,247
60$999,717$655,371$573,690$938,925
61$1,056,806$642,602$548,027$971,531
62$1,118,305$627,794$520,090$1,006,261
63$1,184,618$610,802$489,759$1,043,328
64$1,256,191$591,473$456,908$1,082,970
65$1,333,513$569,646$421,405$1,125,453
66$1,417,121$545,148$383,111$1,171,069
67$1,507,606$517,799$341,884$1,220,143
68$1,605,618$487,407$297,573$1,273,036
69$1,711,870$453,770$250,022$1,330,148
70$1,827,148$416,672$199,065$1,391,922
71$1,952,316$375,887$144,532$1,458,848
72$2,088,323$331,176$86,244$1,531,472
73$2,236,213$282,286$24,015$1,610,394
74$2,397,138$228,949$0$1,696,283
75$2,572,361$170,882$0$1,792,140
76$2,763,274$107,788$0$1,898,036
77$2,971,410$39,351$0$2,013,605
78$3,198,453$0$0$2,139,862
79$3,446,259$0$0$2,290,934
80$3,716,870$0$0$2,472,035
81$4,012,536$0$0$2,669,952
82$4,335,730$0$0$2,886,348
83$4,689,178$0$0$3,123,054
84$5,075,882$0$0$3,382,087
85$5,499,143$0$0$3,665,666
86$5,962,602$0$0$3,976,237
87$6,470,263$0$0$4,316,490
88$7,026,539$0$0$4,689,393
89$7,636,290$0$0$5,098,208
90$8,304,865$0$0$5,546,534
91$9,038,160$0$0$6,038,330
92$9,842,666$0$0$6,577,960
93$10,725,535$0$0$7,170,230
94$11,694,642$0$0$7,820,433
95$12,758,663$0$0$8,534,400
96$13,927,156$0$0$9,318,554
97$15,210,650$0$0$10,179,972
98$16,620,742$0$0$11,126,449
99$18,170,210$0$0$12,166,572
100$19,873,129$0$0$13,309,803