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%20%
1 years$54,502$54,017$53,543$53,081$52,629$50,521
2 years$26,981$26,479$25,992$25,520$25,062$22,964
3 years$17,809$17,304$16,818$16,351$15,900$13,879
4 years$13,224$12,720$12,239$11,780$11,340$9,412
5 years$10,473$9,973$9,498$9,048$8,621$6,789
6 years$8,640$8,144$7,676$7,236$6,821$5,088
7 years$7,331$6,839$6,379$5,949$5,547$3,912
8 years$6,350$5,862$5,410$4,990$4,602$3,062
9 years$5,587$5,104$4,659$4,251$3,876$2,429
10 years$4,977$4,499$4,062$3,664$3,302$1,946
11 years$4,479$4,005$3,576$3,189$2,840$1,571
12 years$4,064$3,595$3,174$2,797$2,461$1,276
13 years$3,713$3,249$2,836$2,469$2,146$1,042
14 years$3,412$2,953$2,548$2,192$1,881$853
15 years$3,152$2,698$2,300$1,955$1,656$701
16 years$2,924$2,475$2,086$1,750$1,464$578
17 years$2,723$2,279$1,898$1,573$1,298$477
18 years$2,545$2,106$1,732$1,417$1,154$394
19 years$2,386$1,952$1,586$1,281$1,029$326
20 years$2,243$1,814$1,456$1,160$919$271
21 years$2,114$1,690$1,339$1,053$822$225
22 years$1,996$1,577$1,234$957$737$186
23 years$1,889$1,475$1,139$872$662$155
24 years$1,792$1,382$1,054$795$595$129
25 years$1,702$1,297$976$726$535$107
26 years$1,619$1,219$905$664$482$89
27 years$1,542$1,147$840$608$435$74
28 years$1,471$1,081$781$557$392$62
29 years$1,405$1,020$727$511$354$51
30 years$1,343$963$677$469$320$43
31 years$1,286$910$631$430$289$36
32 years$1,232$861$589$395$262$30
33 years$1,182$816$550$364$237$25
34 years$1,135$773$514$335$214$21
35 years$1,090$733$480$308$194$17
36 years$1,048$696$449$284$176$14
37 years$1,009$661$421$261$159$12
38 years$971$628$394$241$145$10
39 years$936$597$369$222$131$8
40 years$902$568$346$205$119$7
41 years$871$541$324$189$108$6
42 years$840$515$304$174$98$5
43 years$812$491$286$161$89$4
44 years$784$468$268$149$81$3
45 years$758$446$252$137$73$3
46 years$733$426$236$127$66$2
47 years$710$406$222$117$60$2
48 years$687$388$209$108$55$2
49 years$665$370$196$100$50$1
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 $3,563 every year, while hoping to spend $29,294 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: 41/41/18 Blend
53$660,000$660,000$660,000$660,000
54$730,995$696,015$685,785$756,954
55$774,388$698,951$677,590$778,666
56$821,225$701,050$668,139$799,039
57$871,827$702,238$657,359$820,476
58$926,546$702,440$645,173$843,090
59$985,768$701,574$631,501$867,005
60$1,049,920$699,554$616,259$892,362
61$1,119,468$696,289$599,360$919,315
62$1,194,928$691,681$580,713$948,039
63$1,276,865$685,628$560,221$978,727
64$1,365,901$678,020$537,784$1,011,594
65$1,462,721$668,741$513,298$1,046,882
66$1,568,078$657,668$486,653$1,084,856
67$1,682,800$644,672$457,734$1,125,814
68$1,807,799$629,615$426,422$1,170,087
69$1,944,079$612,350$392,591$1,218,042
70$2,092,744$592,724$356,112$1,270,088
71$2,255,009$570,573$316,847$1,326,677
72$2,432,212$545,724$274,654$1,388,314
73$2,625,827$517,993$229,384$1,455,558
74$2,837,475$487,188$180,882$1,529,030
75$3,068,941$453,104$128,985$1,609,417
76$3,322,191$415,524$73,524$1,697,484
77$3,599,389$374,220$14,322$1,794,078
78$3,902,919$328,949$0$1,900,137
79$4,235,406$279,456$0$2,026,084
80$4,599,739$225,471$0$2,167,235
81$4,999,103$166,709$0$2,322,151
82$5,437,002$102,869$0$2,492,286
83$5,917,299$33,633$0$2,679,248
84$6,444,247$0$0$2,884,813
85$7,022,529$0$0$3,129,596
86$7,657,308$0$0$3,415,037
87$8,354,265$0$0$3,728,529
88$9,119,664$0$0$4,072,899
89$9,960,401$0$0$4,451,263
90$10,884,075$0$0$4,867,053
91$11,899,056$0$0$5,324,048
92$13,014,568$0$0$5,826,415
93$14,240,768$0$0$6,378,741
94$15,588,850$0$0$6,986,082
95$17,071,146$0$0$7,654,009
96$18,701,241$0$0$8,388,658
97$20,494,104$0$0$9,196,790
98$22,466,227$0$0$10,085,854
99$24,635,781$0$0$11,064,060
100$27,022,787$0$0$12,140,450