Can I retire at age 54 with 662,000?

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 $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%11.7%
1 years$54,667$54,180$53,705$53,242$52,789$52,412
2 years$27,063$26,559$26,071$25,597$25,138$24,758
3 years$17,863$17,357$16,869$16,400$15,948$15,577
4 years$13,264$12,759$12,277$11,815$11,374$11,015
5 years$10,505$10,003$9,527$9,075$8,647$8,300
6 years$8,666$8,168$7,699$7,258$6,842$6,508
7 years$7,353$6,860$6,398$5,967$5,564$5,243
8 years$6,369$5,880$5,426$5,005$4,616$4,308
9 years$5,604$5,120$4,674$4,264$3,887$3,593
10 years$4,993$4,513$4,075$3,675$3,312$3,030
11 years$4,492$4,017$3,587$3,199$2,849$2,579
12 years$4,076$3,606$3,183$2,806$2,469$2,212
13 years$3,724$3,259$2,844$2,477$2,153$1,908
14 years$3,422$2,962$2,556$2,199$1,887$1,654
15 years$3,161$2,706$2,307$1,961$1,661$1,440
16 years$2,933$2,483$2,092$1,756$1,468$1,258
17 years$2,732$2,286$1,904$1,578$1,302$1,103
18 years$2,553$2,113$1,738$1,422$1,158$969
19 years$2,393$1,958$1,591$1,285$1,032$853
20 years$2,250$1,819$1,460$1,163$922$753
21 years$2,120$1,695$1,343$1,056$825$666
22 years$2,003$1,582$1,238$960$739$589
23 years$1,895$1,480$1,143$874$664$522
24 years$1,797$1,386$1,057$797$597$463
25 years$1,707$1,301$979$728$537$412
26 years$1,624$1,223$908$666$483$366
27 years$1,547$1,151$843$610$436$326
28 years$1,475$1,084$784$558$393$290
29 years$1,409$1,023$729$512$355$258
30 years$1,348$966$679$470$321$230
31 years$1,290$913$633$432$290$205
32 years$1,236$864$591$397$262$183
33 years$1,186$818$552$365$238$163
34 years$1,138$776$515$336$215$146
35 years$1,093$736$482$309$195$130
36 years$1,051$698$451$285$176$116
37 years$1,012$663$422$262$160$104
38 years$974$630$395$242$145$93
39 years$939$599$370$223$131$83
40 years$905$570$347$206$119$74
41 years$873$543$325$190$108$66
42 years$843$517$305$175$98$59
43 years$814$492$286$162$89$53
44 years$787$469$269$149$81$47
45 years$760$448$252$138$73$42
46 years$735$427$237$127$67$38
47 years$712$408$223$118$61$34
48 years$689$389$209$109$55$30
49 years$667$372$197$100$50$27
50 years$646$355$185$93$45$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $662,000, adding $4,681 every year, while hoping to spend $33,327 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: 56/18/26 Blend
53$662,000$662,000$662,000$662,000
54$734,352$699,266$689,005$770,001
55$773,797$698,071$676,627$793,799
56$816,147$695,700$662,718$815,832
57$861,666$692,060$647,190$839,149
58$910,638$687,054$629,954$863,883
59$963,380$680,576$610,914$890,183
60$1,020,237$672,517$589,972$918,216
61$1,081,589$662,758$567,024$948,166
62$1,147,854$651,176$541,962$980,238
63$1,219,490$637,638$514,672$1,014,661
64$1,297,001$622,006$485,037$1,051,686
65$1,380,942$604,131$452,932$1,091,596
66$1,471,921$583,856$418,229$1,134,701
67$1,570,610$561,018$380,792$1,181,349
68$1,677,744$535,439$340,480$1,231,923
69$1,794,134$506,936$297,147$1,286,848
70$1,920,671$475,312$250,637$1,346,597
71$2,058,337$440,359$200,790$1,411,692
72$2,208,210$401,859$147,439$1,482,713
73$2,371,477$359,580$90,409$1,560,302
74$2,549,446$313,278$29,515$1,645,170
75$2,743,554$262,693$0$1,738,105
76$2,955,384$207,553$0$1,849,818
77$3,186,678$147,568$0$1,980,812
78$3,439,354$82,434$0$2,124,016
79$3,715,524$11,829$0$2,280,672
80$4,017,512$0$0$2,452,150
81$4,347,877$0$0$2,652,753
82$4,709,438$0$0$2,874,922
83$5,105,298$0$0$3,118,227
84$5,538,873$0$0$3,384,776
85$6,013,927$0$0$3,676,890
86$6,534,605$0$0$3,997,126
87$7,105,470$0$0$4,348,300
88$7,731,551$0$0$4,733,513
89$8,418,383$0$0$5,156,180
90$9,172,065$0$0$5,620,066
91$9,999,316$0$0$6,129,312
92$10,907,536$0$0$6,688,486
93$11,904,874$0$0$7,302,617
94$13,000,312$0$0$7,977,243
95$14,203,740$0$0$8,718,469
96$15,526,055$0$0$9,533,018
97$16,979,263$0$0$10,428,297
98$18,576,590$0$0$11,412,465
99$20,332,604$0$0$12,494,514
100$22,263,361$0$0$13,684,348