Can I retire at age 54 with 661,000?

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 $661,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$54,585$54,099$53,624$53,161$52,709$51,964
2 years$27,022$26,519$26,031$25,558$25,100$24,351
3 years$17,836$17,330$16,844$16,375$15,924$15,194
4 years$13,244$12,740$12,258$11,798$11,357$10,652
5 years$10,489$9,988$9,513$9,062$8,634$7,955
6 years$8,653$8,156$7,688$7,247$6,831$6,181
7 years$7,342$6,849$6,389$5,958$5,556$4,933
8 years$6,360$5,871$5,418$4,998$4,609$4,014
9 years$5,596$5,112$4,666$4,257$3,882$3,314
10 years$4,985$4,506$4,068$3,670$3,307$2,767
11 years$4,486$4,011$3,582$3,194$2,844$2,330
12 years$4,070$3,600$3,179$2,801$2,465$1,977
13 years$3,718$3,254$2,840$2,473$2,149$1,687
14 years$3,417$2,958$2,552$2,195$1,884$1,446
15 years$3,156$2,702$2,304$1,958$1,659$1,245
16 years$2,928$2,479$2,089$1,753$1,466$1,075
17 years$2,728$2,283$1,901$1,575$1,300$931
18 years$2,549$2,109$1,735$1,420$1,156$808
19 years$2,390$1,955$1,588$1,283$1,030$703
20 years$2,247$1,817$1,458$1,162$920$613
21 years$2,117$1,692$1,341$1,054$824$535
22 years$2,000$1,580$1,236$959$738$467
23 years$1,892$1,477$1,141$873$663$409
24 years$1,794$1,384$1,055$796$596$358
25 years$1,704$1,299$977$727$536$314
26 years$1,621$1,221$906$665$483$275
27 years$1,544$1,149$842$609$435$242
28 years$1,473$1,083$783$558$393$212
29 years$1,407$1,021$728$511$355$186
30 years$1,346$965$678$469$320$164
31 years$1,288$912$632$431$290$144
32 years$1,234$863$590$396$262$127
33 years$1,184$817$551$364$237$112
34 years$1,136$774$515$335$215$98
35 years$1,092$735$481$309$194$86
36 years$1,050$697$450$284$176$76
37 years$1,010$662$421$262$160$67
38 years$973$629$395$241$145$59
39 years$937$598$370$222$131$52
40 years$904$569$346$205$119$46
41 years$872$542$325$189$108$40
42 years$842$516$305$175$98$36
43 years$813$492$286$161$89$31
44 years$785$469$268$149$81$28
45 years$759$447$252$138$73$24
46 years$734$426$237$127$67$21
47 years$711$407$222$117$60$19
48 years$688$388$209$108$55$17
49 years$666$371$196$100$50$15
50 years$645$354$185$93$45$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $661,000, adding $4,485 every year, while hoping to spend $24,010 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: 84/9/7 Blend
53$661,000$661,000$661,000$661,000
54$733,048$698,015$687,770$793,797
55$782,273$706,672$685,264$842,788
56$835,713$714,947$681,869$892,867
57$893,775$722,799$677,530$947,117
58$956,903$730,178$672,190$1,005,943
59$1,025,586$737,036$665,788$1,069,788
60$1,100,364$743,319$658,260$1,139,141
61$1,181,830$748,971$649,540$1,214,542
62$1,270,636$753,930$639,559$1,296,584
63$1,367,500$758,132$628,244$1,385,920
64$1,473,214$761,509$615,519$1,483,270
65$1,588,646$763,987$601,303$1,589,427
66$1,714,755$765,489$585,514$1,705,265
67$1,852,595$765,934$568,064$1,831,745
68$2,003,328$765,232$548,861$1,969,927
69$2,168,230$763,292$527,812$2,120,980
70$2,348,711$760,014$504,814$2,286,189
71$2,546,319$755,295$479,765$2,466,971
72$2,762,762$749,022$452,556$2,664,889
73$2,999,918$741,079$423,071$2,881,663
74$3,259,858$731,340$391,192$3,119,189
75$3,544,861$719,673$356,794$3,379,555
76$3,857,438$705,938$319,748$3,665,062
77$4,200,355$689,987$279,918$3,978,249
78$4,576,657$671,662$237,161$4,321,908
79$4,989,699$650,797$191,329$4,699,119
80$5,443,178$627,216$142,268$5,113,276
81$5,941,165$600,732$89,817$5,568,119
82$6,488,143$571,148$33,805$6,067,768
83$7,089,055$538,255$0$6,616,763
84$7,749,341$501,832$0$7,222,050
85$8,474,999$461,647$0$7,890,023
86$9,272,634$417,452$0$8,624,245
87$10,149,522$368,987$0$9,431,430
88$11,113,682$315,976$0$10,318,973
89$12,173,947$258,129$0$11,295,023
90$13,340,050$195,137$0$12,368,560
91$14,622,712$126,675$0$13,549,479
92$16,033,747$52,402$0$14,848,683
93$17,586,174$0$0$16,278,189
94$19,294,332$0$0$17,854,014
95$21,174,026$0$0$19,593,808
96$23,242,666$0$0$21,508,500
97$25,519,437$0$0$23,615,848
98$28,025,479$0$0$25,935,421
99$30,784,083$0$0$28,488,778
100$33,820,915$0$0$31,299,679