Can I retire at age 54 with 665,000?

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 $665,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$54,915$54,426$53,949$53,483$53,028$50,964
2 years$27,186$26,679$26,189$25,713$25,251$23,197
3 years$17,944$17,435$16,946$16,475$16,021$14,041
4 years$13,324$12,817$12,332$11,869$11,426$9,535
5 years$10,552$10,049$9,570$9,117$8,686$6,889
6 years$8,705$8,205$7,734$7,291$6,873$5,171
7 years$7,387$6,891$6,427$5,994$5,589$3,983
8 years$6,398$5,907$5,451$5,028$4,637$3,123
9 years$5,630$5,143$4,695$4,283$3,905$2,482
10 years$5,015$4,533$4,093$3,692$3,327$1,993
11 years$4,513$4,036$3,603$3,213$2,862$1,612
12 years$4,094$3,622$3,198$2,818$2,480$1,312
13 years$3,741$3,273$2,857$2,488$2,162$1,073
14 years$3,438$2,975$2,567$2,209$1,896$881
15 years$3,175$2,718$2,318$1,970$1,669$725
16 years$2,946$2,494$2,101$1,764$1,475$599
17 years$2,744$2,297$1,912$1,585$1,308$496
18 years$2,565$2,122$1,746$1,428$1,163$411
19 years$2,404$1,967$1,598$1,290$1,037$341
20 years$2,260$1,828$1,467$1,169$926$283
21 years$2,130$1,702$1,349$1,061$829$235
22 years$2,012$1,589$1,243$964$743$196
23 years$1,904$1,486$1,148$878$667$163
24 years$1,805$1,393$1,062$801$599$136
25 years$1,714$1,307$983$732$539$113
26 years$1,631$1,228$912$669$486$94
27 years$1,554$1,156$847$612$438$79
28 years$1,482$1,089$787$561$395$66
29 years$1,416$1,028$733$514$357$55
30 years$1,354$970$682$472$322$46
31 years$1,296$917$636$434$291$38
32 years$1,242$868$594$398$264$32
33 years$1,191$822$554$366$239$27
34 years$1,143$779$518$337$216$22
35 years$1,098$739$484$310$196$19
36 years$1,056$701$453$286$177$16
37 years$1,016$666$424$263$161$13
38 years$979$633$397$243$146$11
39 years$943$602$372$224$132$9
40 years$909$573$349$206$120$8
41 years$877$545$327$190$109$6
42 years$847$519$307$176$99$5
43 years$818$495$288$162$90$4
44 years$790$472$270$150$81$4
45 years$764$450$254$138$74$3
46 years$739$429$238$128$67$3
47 years$715$409$224$118$61$2
48 years$692$391$210$109$55$2
49 years$670$373$198$101$50$1
50 years$649$357$186$93$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $665,000, adding $5,511 every year, while hoping to spend $56,498 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: 64/26/10 Blend
53$665,000$665,000$665,000$665,000
54$738,515$703,270$692,962$783,824
55$753,730$677,616$656,063$789,099
56$768,603$648,813$616,034$787,750
57$783,040$616,644$572,711$784,840
58$796,935$580,885$525,922$780,216
59$810,170$541,295$475,487$773,708
60$822,610$497,621$421,219$765,137
61$834,108$449,597$362,922$754,303
62$844,498$396,938$300,391$740,992
63$853,596$339,347$233,412$724,969
64$861,194$276,506$161,763$705,982
65$867,064$208,083$85,210$683,752
66$870,951$133,726$3,511$657,980
67$872,571$53,061$0$628,336
68$871,608$0$0$603,394
69$867,714$0$0$584,632
70$860,499$0$0$578,682
71$849,533$0$0$570,059
72$834,338$0$0$558,426
73$814,386$0$0$543,408
74$789,089$0$0$524,591
75$757,798$0$0$501,516
76$719,794$0$0$473,675
77$674,282$0$0$440,506
78$620,382$0$0$401,387
79$557,119$0$0$355,631
80$483,418$0$0$302,476
81$398,087$0$0$241,082
82$299,812$0$0$170,520
83$187,137$0$0$89,764
84$58,458$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
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