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%17.3%
1 years$54,750$54,262$53,786$53,322$52,869$51,300
2 years$27,104$26,599$26,110$25,636$25,176$23,608
3 years$17,890$17,383$16,895$16,425$15,972$14,455
4 years$13,284$12,778$12,295$11,833$11,392$9,936
5 years$10,521$10,018$9,542$9,089$8,660$7,270
6 years$8,679$8,181$7,711$7,269$6,852$5,530
7 years$7,365$6,870$6,408$5,976$5,573$4,318
8 years$6,379$5,889$5,434$5,013$4,623$3,434
9 years$5,613$5,127$4,681$4,270$3,893$2,770
10 years$5,000$4,520$4,081$3,681$3,317$2,257
11 years$4,499$4,023$3,593$3,203$2,853$1,855
12 years$4,082$3,611$3,188$2,810$2,472$1,534
13 years$3,729$3,264$2,849$2,481$2,156$1,275
14 years$3,427$2,966$2,559$2,202$1,890$1,065
15 years$3,166$2,710$2,311$1,964$1,664$892
16 years$2,937$2,486$2,095$1,758$1,471$749
17 years$2,736$2,290$1,906$1,580$1,304$631
18 years$2,557$2,116$1,740$1,424$1,159$532
19 years$2,397$1,961$1,593$1,287$1,033$450
20 years$2,253$1,822$1,462$1,165$923$381
21 years$2,123$1,697$1,345$1,057$826$322
22 years$2,006$1,584$1,240$962$740$273
23 years$1,898$1,482$1,144$876$665$232
24 years$1,800$1,388$1,058$799$597$197
25 years$1,709$1,303$980$729$538$167
26 years$1,626$1,225$909$667$484$142
27 years$1,549$1,152$844$610$437$121
28 years$1,478$1,086$785$559$394$103
29 years$1,411$1,024$730$513$356$88
30 years$1,350$968$680$471$321$75
31 years$1,292$915$634$432$291$64
32 years$1,238$865$592$397$263$54
33 years$1,187$820$553$365$238$46
34 years$1,140$777$516$336$215$39
35 years$1,095$737$483$309$195$33
36 years$1,053$699$452$285$177$28
37 years$1,013$664$423$263$160$24
38 years$976$631$396$242$145$21
39 years$940$600$371$223$132$18
40 years$906$571$348$206$119$15
41 years$874$544$326$190$108$13
42 years$844$518$306$175$98$11
43 years$815$493$287$162$89$9
44 years$788$470$269$149$81$8
45 years$762$448$253$138$74$7
46 years$737$428$237$127$67$6
47 years$713$408$223$118$61$5
48 years$690$390$210$109$55$4
49 years$668$372$197$101$50$4
50 years$647$355$185$93$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $663,000, adding $2,246 every year, while hoping to spend $29,666 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: 37/49/14 Blend
53$663,000$663,000$663,000$663,000
54$732,943$697,804$687,527$756,853
55$776,139$700,432$678,995$776,833
56$822,746$702,194$669,183$795,389
57$873,082$703,017$658,016$814,788
58$927,494$702,823$645,417$835,122
59$986,365$701,528$631,305$856,491
60$1,050,115$699,044$615,595$879,009
61$1,119,207$695,277$598,198$902,804
62$1,194,148$690,128$579,019$928,019
63$1,275,498$683,491$557,964$954,812
64$1,363,872$675,255$534,928$983,364
65$1,459,945$665,301$509,806$1,013,873
66$1,564,462$653,503$482,487$1,046,562
67$1,678,241$639,728$452,855$1,081,679
68$1,802,183$623,836$420,787$1,119,502
69$1,937,279$605,678$386,156$1,160,341
70$2,084,620$585,094$348,831$1,204,539
71$2,245,406$561,919$308,672$1,252,480
72$2,420,960$535,975$265,535$1,304,592
73$2,612,735$507,076$219,268$1,361,349
74$2,822,334$475,022$169,713$1,423,281
75$3,051,519$439,606$116,706$1,490,974
76$3,302,233$400,605$60,074$1,565,082
77$3,576,613$357,787$0$1,646,331
78$3,877,012$310,903$0$1,735,579
79$4,206,022$259,693$0$1,843,249
80$4,566,499$203,880$0$1,961,378
81$4,961,586$143,174$0$2,091,098
82$5,394,744$77,266$0$2,233,662
83$5,869,788$5,832$0$2,390,459
84$6,390,916$0$0$2,563,023
85$6,962,755$0$0$2,791,593
86$7,590,402$0$0$3,046,016
87$8,279,467$0$0$3,325,436
88$9,036,135$0$0$3,632,371
89$9,867,216$0$0$3,969,597
90$10,780,213$0$0$4,340,172
91$11,783,391$0$0$4,747,464
92$12,885,858$0$0$5,195,186
93$14,097,643$0$0$5,687,424
94$15,429,800$0$0$6,228,684
95$16,894,504$0$0$6,823,928
96$18,505,170$0$0$7,478,625
97$20,276,578$0$0$8,198,799
98$22,225,012$0$0$8,991,087
99$24,368,413$0$0$9,862,803
100$26,726,549$0$0$10,822,004