Can I retire at age 54 with 663,000?

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 $663,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$54,750$54,262$53,786$53,322$52,869$52,208
2 years$27,104$26,599$26,110$25,636$25,176$24,511
3 years$17,890$17,383$16,895$16,425$15,972$15,324
4 years$13,284$12,778$12,295$11,833$11,392$10,765
5 years$10,521$10,018$9,542$9,089$8,660$8,056
6 years$8,679$8,181$7,711$7,269$6,852$6,273
7 years$7,365$6,870$6,408$5,976$5,573$5,018
8 years$6,379$5,889$5,434$5,013$4,623$4,092
9 years$5,613$5,127$4,681$4,270$3,893$3,387
10 years$5,000$4,520$4,081$3,681$3,317$2,834
11 years$4,499$4,023$3,593$3,203$2,853$2,393
12 years$4,082$3,611$3,188$2,810$2,472$2,035
13 years$3,729$3,264$2,849$2,481$2,156$1,741
14 years$3,427$2,966$2,559$2,202$1,890$1,497
15 years$3,166$2,710$2,311$1,964$1,664$1,292
16 years$2,937$2,486$2,095$1,758$1,471$1,119
17 years$2,736$2,290$1,906$1,580$1,304$972
18 years$2,557$2,116$1,740$1,424$1,159$846
19 years$2,397$1,961$1,593$1,287$1,033$738
20 years$2,253$1,822$1,462$1,165$923$645
21 years$2,123$1,697$1,345$1,057$826$565
22 years$2,006$1,584$1,240$962$740$495
23 years$1,898$1,482$1,144$876$665$434
24 years$1,800$1,388$1,058$799$597$382
25 years$1,709$1,303$980$729$538$335
26 years$1,626$1,225$909$667$484$295
27 years$1,549$1,152$844$610$437$260
28 years$1,478$1,086$785$559$394$229
29 years$1,411$1,024$730$513$356$202
30 years$1,350$968$680$471$321$178
31 years$1,292$915$634$432$291$157
32 years$1,238$865$592$397$263$139
33 years$1,187$820$553$365$238$122
34 years$1,140$777$516$336$215$108
35 years$1,095$737$483$309$195$95
36 years$1,053$699$452$285$177$84
37 years$1,013$664$423$263$160$75
38 years$976$631$396$242$145$66
39 years$940$600$371$223$132$58
40 years$906$571$348$206$119$52
41 years$874$544$326$190$108$46
42 years$844$518$306$175$98$40
43 years$815$493$287$162$89$36
44 years$788$470$269$149$81$31
45 years$762$448$253$138$74$28
46 years$737$428$237$127$67$25
47 years$713$408$223$118$61$22
48 years$690$390$210$109$55$19
49 years$668$372$197$101$50$17
50 years$647$355$185$93$45$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $663,000, adding $4,044 every year, while hoping to spend $48,095 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: 70/16/14 Blend
53$663,000$663,000$663,000$663,000
54$734,797$699,658$689,382$783,650
55$758,574$682,769$661,303$799,739
56$783,164$663,440$630,672$811,167
57$808,599$641,501$597,353$822,424
58$834,914$616,772$561,202$833,486
59$862,144$589,063$522,070$844,326
60$890,326$558,170$479,803$854,919
61$919,500$523,882$434,238$865,234
62$949,709$485,972$385,204$875,242
63$980,996$444,201$332,526$884,913
64$1,013,409$398,318$276,016$894,212
65$1,046,996$348,056$215,483$903,106
66$1,081,812$293,132$150,723$911,558
67$1,117,912$233,250$81,527$919,533
68$1,155,354$168,096$7,674$926,992
69$1,194,204$97,336$0$933,894
70$1,234,528$20,620$0$950,825
71$1,276,398$0$0$969,030
72$1,319,892$0$0$998,345
73$1,365,090$0$0$1,032,587
74$1,412,082$0$0$1,068,193
75$1,460,962$0$0$1,105,234
76$1,511,829$0$0$1,143,788
77$1,564,794$0$0$1,183,938
78$1,619,971$0$0$1,225,773
79$1,677,487$0$0$1,269,389
80$1,737,477$0$0$1,314,889
81$1,800,086$0$0$1,362,385
82$1,865,470$0$0$1,411,997
83$1,933,799$0$0$1,463,855
84$2,005,257$0$0$1,518,099
85$2,080,040$0$0$1,574,882
86$2,158,365$0$0$1,634,367
87$2,240,463$0$0$1,696,733
88$2,326,585$0$0$1,762,174
89$2,417,007$0$0$1,830,900
90$2,512,025$0$0$1,903,139
91$2,611,961$0$0$1,979,139
92$2,717,169$0$0$2,059,171
93$2,828,029$0$0$2,143,527
94$2,944,958$0$0$2,232,529
95$3,068,411$0$0$2,326,526
96$3,198,883$0$0$2,425,898
97$3,336,915$0$0$2,531,061
98$3,483,095$0$0$2,642,469
99$3,638,069$0$0$2,760,618
100$3,802,541$0$0$2,886,049