Can I retire at age 54 with 662,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $662,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$54,667$54,180$53,705$53,242$52,789$52,238
2 years$27,063$26,559$26,071$25,597$25,138$24,582
3 years$17,863$17,357$16,869$16,400$15,948$15,406
4 years$13,264$12,759$12,277$11,815$11,374$10,850
5 years$10,505$10,003$9,527$9,075$8,647$8,141
6 years$8,666$8,168$7,699$7,258$6,842$6,356
7 years$7,353$6,860$6,398$5,967$5,564$5,099
8 years$6,369$5,880$5,426$5,005$4,616$4,170
9 years$5,604$5,120$4,674$4,264$3,887$3,461
10 years$4,993$4,513$4,075$3,675$3,312$2,906
11 years$4,492$4,017$3,587$3,199$2,849$2,461
12 years$4,076$3,606$3,183$2,806$2,469$2,100
13 years$3,724$3,259$2,844$2,477$2,153$1,802
14 years$3,422$2,962$2,556$2,199$1,887$1,554
15 years$3,161$2,706$2,307$1,961$1,661$1,346
16 years$2,933$2,483$2,092$1,756$1,468$1,170
17 years$2,732$2,286$1,904$1,578$1,302$1,019
18 years$2,553$2,113$1,738$1,422$1,158$891
19 years$2,393$1,958$1,591$1,285$1,032$780
20 years$2,250$1,819$1,460$1,163$922$684
21 years$2,120$1,695$1,343$1,056$825$601
22 years$2,003$1,582$1,238$960$739$529
23 years$1,895$1,480$1,143$874$664$466
24 years$1,797$1,386$1,057$797$597$411
25 years$1,707$1,301$979$728$537$363
26 years$1,624$1,223$908$666$483$320
27 years$1,547$1,151$843$610$436$283
28 years$1,475$1,084$784$558$393$251
29 years$1,409$1,023$729$512$355$222
30 years$1,348$966$679$470$321$196
31 years$1,290$913$633$432$290$174
32 years$1,236$864$591$397$262$154
33 years$1,186$818$552$365$238$137
34 years$1,138$776$515$336$215$121
35 years$1,093$736$482$309$195$108
36 years$1,051$698$451$285$176$95
37 years$1,012$663$422$262$160$85
38 years$974$630$395$242$145$75
39 years$939$599$370$223$131$67
40 years$905$570$347$206$119$59
41 years$873$543$325$190$108$53
42 years$843$517$305$175$98$47
43 years$814$492$286$162$89$42
44 years$787$469$269$149$81$37
45 years$760$448$252$138$73$33
46 years$735$427$237$127$67$29
47 years$712$408$223$118$61$26
48 years$689$389$209$109$55$23
49 years$667$372$197$100$50$20
50 years$646$355$185$93$45$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $662,000, adding $4,486 every year, while hoping to spend $52,946 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: 59/27/14 Blend
53$662,000$662,000$662,000$662,000
54$734,151$699,065$688,804$774,628
55$752,701$676,985$655,545$780,384
56$771,367$652,049$619,397$780,366
57$790,108$624,060$580,208$779,096
58$808,872$592,812$537,818$776,460
59$827,602$558,085$492,060$772,334
60$846,234$519,648$442,760$766,585
61$864,694$477,255$389,737$759,070
62$882,899$430,647$332,800$749,635
63$900,757$379,551$271,751$738,112
64$918,162$323,676$206,382$724,323
65$934,996$262,718$136,478$708,072
66$951,128$196,353$61,812$689,149
67$966,409$124,241$0$667,329
68$980,674$46,020$0$645,035
69$993,738$0$0$629,360
70$1,005,396$0$0$622,308
71$1,015,417$0$0$627,835
72$1,023,546$0$0$632,101
73$1,029,497$0$0$634,918
74$1,032,954$0$0$636,081
75$1,033,565$0$0$635,359
76$1,030,938$0$0$632,497
77$1,024,640$0$0$627,212
78$1,014,189$0$0$619,188
79$999,050$0$0$608,078
80$978,632$0$0$593,496
81$952,277$0$0$575,013
82$919,261$0$0$552,156
83$878,777$0$0$524,400
84$829,934$0$0$491,164
85$771,748$0$0$451,807
86$703,127$0$0$405,617
87$622,866$0$0$351,809
88$529,631$0$0$289,515
89$421,947$0$0$217,774
90$298,186$0$0$135,525
91$156,548$0$0$41,596
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0