Can I retire at age 54 with 666,000?

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 $666,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$54,998$54,508$54,030$53,563$53,108$52,575
2 years$27,227$26,719$26,228$25,752$25,289$24,753
3 years$17,971$17,461$16,971$16,499$16,045$15,521
4 years$13,344$12,836$12,351$11,887$11,443$10,936
5 years$10,568$10,064$9,585$9,130$8,699$8,210
6 years$8,719$8,218$7,746$7,302$6,883$6,413
7 years$7,398$6,901$6,437$6,003$5,598$5,147
8 years$6,408$5,916$5,459$5,036$4,644$4,213
9 years$5,638$5,151$4,702$4,289$3,911$3,498
10 years$5,023$4,540$4,099$3,697$3,332$2,939
11 years$4,520$4,042$3,609$3,218$2,866$2,490
12 years$4,101$3,628$3,203$2,823$2,483$2,126
13 years$3,746$3,278$2,861$2,492$2,166$1,826
14 years$3,443$2,980$2,571$2,212$1,898$1,576
15 years$3,180$2,722$2,321$1,973$1,672$1,366
16 years$2,951$2,498$2,105$1,766$1,477$1,187
17 years$2,748$2,300$1,915$1,587$1,310$1,036
18 years$2,569$2,125$1,748$1,430$1,165$906
19 years$2,408$1,970$1,600$1,292$1,038$793
20 years$2,264$1,830$1,469$1,170$927$697
21 years$2,133$1,705$1,351$1,062$830$613
22 years$2,015$1,592$1,245$966$744$539
23 years$1,907$1,489$1,150$880$668$475
24 years$1,808$1,395$1,063$802$600$420
25 years$1,717$1,309$985$733$540$371
26 years$1,633$1,230$913$670$486$328
27 years$1,556$1,158$848$613$439$290
28 years$1,484$1,091$788$562$396$257
29 years$1,418$1,029$734$515$357$227
30 years$1,356$972$683$473$323$202
31 years$1,298$919$637$434$292$179
32 years$1,244$869$594$399$264$159
33 years$1,193$823$555$367$239$141
34 years$1,145$780$519$338$216$125
35 years$1,100$740$485$311$196$111
36 years$1,058$702$454$286$178$98
37 years$1,018$667$425$264$161$87
38 years$980$634$398$243$146$78
39 years$944$603$372$224$132$69
40 years$911$574$349$207$120$61
41 years$878$546$327$191$109$55
42 years$848$520$307$176$99$48
43 years$819$495$288$163$90$43
44 years$791$472$270$150$81$38
45 years$765$450$254$139$74$34
46 years$740$430$239$128$67$30
47 years$716$410$224$118$61$27
48 years$693$391$211$109$55$24
49 years$671$374$198$101$50$21
50 years$650$357$186$93$46$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $666,000, adding $2,490 every year, while hoping to spend $30,990 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: 50/43/7 Blend
53$666,000$666,000$666,000$666,000
54$736,500$701,202$690,879$771,894
55$778,650$702,588$681,051$797,677
56$824,061$703,003$669,854$822,153
57$873,032$702,367$657,211$848,014
58$925,893$700,595$643,039$875,398
59$983,006$697,596$627,253$904,457
60$1,044,768$693,274$609,762$935,361
61$1,111,618$687,528$590,472$968,298
62$1,184,035$680,249$569,285$1,003,477
63$1,262,548$671,322$546,098$1,041,129
64$1,347,738$660,627$520,802$1,081,514
65$1,440,245$648,035$493,286$1,124,917
66$1,540,771$633,410$463,432$1,171,655
67$1,650,090$616,607$431,117$1,222,082
68$1,769,052$597,474$396,213$1,276,586
69$1,898,594$575,849$358,585$1,335,603
70$2,039,746$551,561$318,093$1,399,612
71$2,193,641$524,429$274,590$1,469,146
72$2,361,528$494,261$227,924$1,544,794
73$2,544,779$460,856$177,935$1,627,212
74$2,744,907$423,998$124,457$1,717,124
75$2,963,576$383,462$67,314$1,815,331
76$3,202,617$339,008$6,326$1,922,722
77$3,464,049$290,384$0$2,040,283
78$3,750,091$237,323$0$2,173,489
79$4,063,191$179,542$0$2,319,948
80$4,406,040$116,743$0$2,480,536
81$4,781,604$48,612$0$2,656,744
82$5,193,150$0$0$2,850,224
83$5,644,274$0$0$3,074,714
84$6,138,937$0$0$3,346,162
85$6,681,503$0$0$3,643,969
86$7,276,776$0$0$3,970,782
87$7,930,052$0$0$4,329,517
88$8,647,159$0$0$4,723,385
89$9,434,520$0$0$5,155,924
90$10,299,212$0$0$5,631,030
91$11,249,026$0$0$6,152,997
92$12,292,549$0$0$6,726,553
93$13,439,239$0$0$7,356,911
94$14,699,517$0$0$8,049,808
95$16,084,861$0$0$8,811,569
96$17,607,919$0$0$9,649,162
97$19,282,625$0$0$10,570,262
98$21,124,330$0$0$11,583,325
99$23,149,947$0$0$12,697,671
100$25,378,112$0$0$13,923,564