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%16.8%
1 years$55,080$54,590$54,111$53,644$53,188$51,713
2 years$27,267$26,760$26,267$25,790$25,327$23,853
3 years$17,998$17,488$16,997$16,524$16,069$14,640
4 years$13,364$12,855$12,369$11,905$11,460$10,089
5 years$10,584$10,079$9,599$9,144$8,712$7,402
6 years$8,732$8,230$7,757$7,312$6,893$5,645
7 years$7,409$6,912$6,447$6,012$5,606$4,420
8 years$6,417$5,924$5,467$5,043$4,651$3,526
9 years$5,647$5,158$4,709$4,296$3,917$2,853
10 years$5,030$4,547$4,105$3,703$3,337$2,332
11 years$4,526$4,048$3,614$3,223$2,870$1,922
12 years$4,107$3,633$3,208$2,827$2,487$1,595
13 years$3,752$3,283$2,866$2,496$2,169$1,331
14 years$3,448$2,984$2,575$2,215$1,901$1,115
15 years$3,185$2,726$2,325$1,976$1,674$937
16 years$2,955$2,501$2,108$1,769$1,479$790
17 years$2,752$2,304$1,918$1,589$1,312$668
18 years$2,572$2,129$1,751$1,432$1,166$565
19 years$2,412$1,973$1,603$1,294$1,040$480
20 years$2,267$1,833$1,471$1,172$929$407
21 years$2,136$1,708$1,353$1,064$831$346
22 years$2,018$1,594$1,247$967$745$295
23 years$1,910$1,491$1,151$881$669$251
24 years$1,811$1,397$1,065$803$601$214
25 years$1,720$1,311$986$734$541$183
26 years$1,636$1,232$915$671$487$156
27 years$1,558$1,159$849$614$439$133
28 years$1,487$1,093$790$563$396$114
29 years$1,420$1,031$735$516$358$97
30 years$1,358$973$684$474$323$83
31 years$1,300$920$638$435$292$71
32 years$1,245$871$595$400$264$61
33 years$1,194$824$556$368$239$52
34 years$1,147$781$519$338$217$44
35 years$1,102$741$486$311$196$38
36 years$1,059$703$454$287$178$33
37 years$1,019$668$425$264$161$28
38 years$982$635$398$243$146$24
39 years$946$604$373$225$132$20
40 years$912$574$350$207$120$17
41 years$880$547$328$191$109$15
42 years$849$521$308$176$99$13
43 years$820$496$289$163$90$11
44 years$792$473$271$150$81$9
45 years$766$451$254$139$74$8
46 years$741$430$239$128$67$7
47 years$717$411$224$118$61$6
48 years$694$392$211$109$55$5
49 years$672$374$198$101$50$4
50 years$651$358$186$93$46$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $667,000, adding $4,378 every year, while hoping to spend $29,941 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: 74/16/10 Blend
53$667,000$667,000$667,000$667,000
54$739,550$704,199$693,860$792,600
55$783,127$706,848$685,248$830,843
56$830,145$708,623$675,343$868,547
57$880,925$709,450$664,071$909,020
58$935,816$709,249$651,355$952,527
59$995,204$707,938$637,110$999,361
60$1,059,514$705,426$621,253$1,049,842
61$1,129,212$701,620$603,692$1,104,327
62$1,204,811$696,418$584,335$1,163,207
63$1,286,873$689,714$563,082$1,226,914
64$1,376,020$681,396$539,831$1,295,924
65$1,472,934$671,344$514,475$1,370,762
66$1,578,364$659,430$486,900$1,452,008
67$1,693,136$645,522$456,991$1,540,299
68$1,818,160$629,476$424,624$1,636,341
69$1,954,434$611,142$389,670$1,740,910
70$2,103,059$590,360$351,997$1,854,864
71$2,265,245$566,963$311,463$1,979,146
72$2,442,327$540,770$267,923$2,114,799
73$2,635,770$511,594$221,225$2,262,973
74$2,847,191$479,235$171,209$2,424,934
75$3,078,368$443,481$117,708$2,602,080
76$3,331,259$404,109$60,548$2,795,954
77$3,608,020$360,883$0$3,008,255
78$3,911,026$313,554$0$3,240,906
79$4,242,890$261,857$0$3,502,824
80$4,606,492$205,515$0$3,789,842
81$5,005,002$144,234$0$4,104,498
82$5,441,913$77,702$0$4,449,585
83$5,921,071$5,592$0$4,828,187
84$6,446,711$0$0$5,243,699
85$7,023,499$0$0$5,712,619
86$7,656,576$0$0$6,228,410
87$8,351,602$0$0$6,794,706
88$9,114,813$0$0$7,416,590
89$9,953,079$0$0$8,099,664
90$10,873,968$0$0$8,850,099
91$11,885,817$0$0$9,674,693
92$12,997,809$0$0$10,580,934
93$14,220,062$0$0$11,577,074
94$15,563,725$0$0$12,672,203
95$17,041,078$0$0$13,876,334
96$18,665,650$0$0$15,200,500
97$20,452,351$0$0$16,656,858
98$22,417,603$0$0$18,258,801
99$24,579,503$0$0$20,021,084
100$26,957,989$0$0$21,959,967