Can I retire at age 54 with 664,000?

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 $664,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$54,832$54,344$53,868$53,402$52,948$52,308
2 years$27,145$26,639$26,149$25,674$25,213$24,569
3 years$17,917$17,409$16,920$16,450$15,996$15,368
4 years$13,304$12,797$12,314$11,851$11,409$10,801
5 years$10,537$10,033$9,556$9,103$8,673$8,088
6 years$8,692$8,193$7,723$7,280$6,862$6,301
7 years$7,376$6,880$6,418$5,985$5,581$5,043
8 years$6,389$5,898$5,443$5,021$4,630$4,115
9 years$5,621$5,135$4,688$4,276$3,899$3,408
10 years$5,008$4,526$4,087$3,686$3,322$2,854
11 years$4,506$4,030$3,598$3,208$2,857$2,411
12 years$4,088$3,617$3,193$2,814$2,476$2,052
13 years$3,735$3,268$2,853$2,484$2,159$1,756
14 years$3,433$2,971$2,563$2,205$1,893$1,511
15 years$3,171$2,714$2,314$1,967$1,666$1,305
16 years$2,942$2,490$2,098$1,761$1,473$1,131
17 years$2,740$2,293$1,909$1,582$1,306$983
18 years$2,561$2,119$1,743$1,426$1,161$856
19 years$2,401$1,964$1,596$1,288$1,035$747
20 years$2,257$1,825$1,464$1,167$924$654
21 years$2,127$1,700$1,347$1,059$827$573
22 years$2,009$1,587$1,241$963$742$502
23 years$1,901$1,484$1,146$877$666$441
24 years$1,802$1,390$1,060$800$598$388
25 years$1,712$1,305$982$730$538$341
26 years$1,628$1,226$911$668$485$301
27 years$1,551$1,154$846$611$437$265
28 years$1,480$1,088$786$560$395$234
29 years$1,413$1,026$732$514$356$206
30 years$1,352$969$681$471$322$182
31 years$1,294$916$635$433$291$161
32 years$1,240$867$593$398$263$142
33 years$1,189$821$553$366$238$125
34 years$1,142$778$517$337$216$111
35 years$1,097$738$483$310$195$98
36 years$1,055$700$452$285$177$87
37 years$1,015$665$423$263$160$77
38 years$977$632$396$242$145$68
39 years$942$601$371$223$132$60
40 years$908$572$348$206$120$53
41 years$876$544$326$190$109$47
42 years$845$518$306$176$98$42
43 years$816$494$287$162$89$37
44 years$789$471$270$150$81$33
45 years$763$449$253$138$74$29
46 years$738$428$238$128$67$26
47 years$714$409$223$118$61$23
48 years$691$390$210$109$55$20
49 years$669$373$197$101$50$18
50 years$648$356$186$93$45$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $664,000, adding $4,689 every year, while hoping to spend $31,986 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: 55/34/11 Blend
53$664,000$664,000$664,000$664,000
54$736,565$701,373$691,081$774,779
55$777,661$701,707$680,199$801,542
56$821,878$700,986$667,881$826,766
57$869,499$699,123$654,044$853,476
58$920,836$696,029$638,603$881,820
59$976,234$691,607$621,469$911,961
60$1,036,068$685,754$602,546$944,080
61$1,100,754$678,362$581,738$978,380
62$1,170,746$669,318$558,942$1,015,084
63$1,246,545$658,497$534,050$1,054,439
64$1,328,702$645,773$506,950$1,096,720
65$1,417,822$631,008$477,525$1,142,233
66$1,514,571$614,058$445,652$1,191,315
67$1,619,679$594,770$411,204$1,244,341
68$1,733,954$572,980$374,047$1,301,726
69$1,858,280$548,519$334,040$1,363,930
70$1,993,632$521,204$291,038$1,431,462
71$2,141,083$490,844$244,888$1,504,888
72$2,301,814$457,235$195,432$1,584,832
73$2,477,122$420,163$142,503$1,671,986
74$2,668,439$379,402$85,927$1,767,117
75$2,877,337$334,710$25,523$1,871,071
76$3,105,550$285,835$0$1,984,787
77$3,354,984$232,509$0$2,113,875
78$3,627,739$174,449$0$2,258,405
79$3,926,128$111,356$0$2,416,674
80$4,252,695$42,915$0$2,590,113
81$4,610,245$0$0$2,780,301
82$5,001,864$0$0$3,000,659
83$5,430,951$0$0$3,259,753
84$5,901,250$0$0$3,543,795
85$6,416,885$0$0$3,855,283
86$6,982,396$0$0$4,196,969
87$7,602,785$0$0$4,571,882
88$8,283,562$0$0$4,983,362
89$9,030,795$0$0$5,435,085
90$9,851,168$0$0$5,931,101
91$10,752,045$0$0$6,475,872
92$11,741,538$0$0$7,074,314
93$12,828,582$0$0$7,731,841
94$14,023,020$0$0$8,454,417
95$15,335,697$0$0$9,248,616
96$16,778,561$0$0$10,121,675
97$18,364,774$0$0$11,081,573
98$20,108,836$0$0$12,137,096
99$22,026,725$0$0$13,297,926
100$24,136,043$0$0$14,574,730