Can I retire at age 54 with 667,000?

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 $667,000?

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$55,080$54,590$54,111$53,644$53,188$51,609
2 years$27,267$26,760$26,267$25,790$25,327$23,750
3 years$17,998$17,488$16,997$16,524$16,069$14,542
4 years$13,364$12,855$12,369$11,905$11,460$9,996
5 years$10,584$10,079$9,599$9,144$8,712$7,314
6 years$8,732$8,230$7,757$7,312$6,893$5,563
7 years$7,409$6,912$6,447$6,012$5,606$4,344
8 years$6,417$5,924$5,467$5,043$4,651$3,455
9 years$5,647$5,158$4,709$4,296$3,917$2,786
10 years$5,030$4,547$4,105$3,703$3,337$2,271
11 years$4,526$4,048$3,614$3,223$2,870$1,866
12 years$4,107$3,633$3,208$2,827$2,487$1,543
13 years$3,752$3,283$2,866$2,496$2,169$1,283
14 years$3,448$2,984$2,575$2,215$1,901$1,071
15 years$3,185$2,726$2,325$1,976$1,674$897
16 years$2,955$2,501$2,108$1,769$1,479$754
17 years$2,752$2,304$1,918$1,589$1,312$635
18 years$2,572$2,129$1,751$1,432$1,166$535
19 years$2,412$1,973$1,603$1,294$1,040$452
20 years$2,267$1,833$1,471$1,172$929$383
21 years$2,136$1,708$1,353$1,064$831$324
22 years$2,018$1,594$1,247$967$745$275
23 years$1,910$1,491$1,151$881$669$233
24 years$1,811$1,397$1,065$803$601$198
25 years$1,720$1,311$986$734$541$168
26 years$1,636$1,232$915$671$487$143
27 years$1,558$1,159$849$614$439$122
28 years$1,487$1,093$790$563$396$104
29 years$1,420$1,031$735$516$358$88
30 years$1,358$973$684$474$323$75
31 years$1,300$920$638$435$292$64
32 years$1,245$871$595$400$264$54
33 years$1,194$824$556$368$239$46
34 years$1,147$781$519$338$217$39
35 years$1,102$741$486$311$196$34
36 years$1,059$703$454$287$178$29
37 years$1,019$668$425$264$161$24
38 years$982$635$398$243$146$21
39 years$946$604$373$225$132$18
40 years$912$574$350$207$120$15
41 years$880$547$328$191$109$13
42 years$849$521$308$176$99$11
43 years$820$496$289$163$90$9
44 years$792$473$271$150$81$8
45 years$766$451$254$139$74$7
46 years$741$430$239$128$67$6
47 years$717$411$224$118$61$5
48 years$694$392$211$109$55$4
49 years$672$374$198$101$50$4
50 years$651$358$186$93$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $667,000, adding $4,492 every year, while hoping to spend $47,551 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: 56/28/16 Blend
53$667,000$667,000$667,000$667,000
54$739,667$704,316$693,978$777,739
55$764,520$688,234$666,632$788,038
56$790,313$669,770$636,777$793,717
57$817,094$648,757$604,277$798,823
58$844,910$625,019$568,994$803,311
59$873,814$598,369$530,779$807,135
60$903,863$568,608$489,479$810,246
61$935,115$535,529$444,935$812,592
62$967,636$498,908$396,979$814,121
63$1,001,493$458,513$345,437$814,778
64$1,036,762$414,097$290,125$814,507
65$1,073,521$365,397$230,853$813,247
66$1,111,856$312,137$167,423$810,937
67$1,151,860$254,026$99,626$807,516
68$1,193,632$190,756$27,246$802,918
69$1,237,279$122,000$0$797,076
70$1,282,919$47,415$0$798,458
71$1,330,675$0$0$803,978
72$1,380,686$0$0$819,229
73$1,433,097$0$0$850,539
74$1,488,069$0$0$883,397
75$1,545,775$0$0$917,909
76$1,606,404$0$0$954,189
77$1,670,160$0$0$992,364
78$1,737,266$0$0$1,032,569
79$1,807,965$0$0$1,074,954
80$1,882,520$0$0$1,119,679
81$1,961,219$0$0$1,166,921
82$2,044,376$0$0$1,216,872
83$2,132,334$0$0$1,269,742
84$2,225,464$0$0$1,325,761
85$2,324,177$0$0$1,385,178
86$2,428,917$0$0$1,448,269
87$2,540,173$0$0$1,515,331
88$2,658,477$0$0$1,586,692
89$2,784,413$0$0$1,662,712
90$2,918,620$0$0$1,743,782
91$3,061,797$0$0$1,830,333
92$3,214,711$0$0$1,922,835
93$3,378,201$0$0$2,021,806
94$3,553,189$0$0$2,127,811
95$3,740,683$0$0$2,241,472
96$3,941,791$0$0$2,363,470
97$4,157,728$0$0$2,494,553
98$4,389,827$0$0$2,635,542
99$4,639,554$0$0$2,787,337
100$4,908,514$0$0$2,950,930