Can I retire at age 54 with 668,000?

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 $668,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$55,163$54,671$54,192$53,724$53,267$51,937
2 years$27,308$26,800$26,307$25,829$25,365$24,034
3 years$18,025$17,514$17,022$16,549$16,093$14,802
4 years$13,384$12,875$12,388$11,923$11,478$10,236
5 years$10,600$10,094$9,613$9,158$8,725$7,537
6 years$8,745$8,242$7,769$7,323$6,904$5,771
7 years$7,420$6,922$6,456$6,021$5,615$4,536
8 years$6,427$5,933$5,475$5,051$4,658$3,634
9 years$5,655$5,166$4,716$4,302$3,923$2,952
10 years$5,038$4,554$4,111$3,709$3,342$2,424
11 years$4,533$4,054$3,620$3,228$2,874$2,007
12 years$4,113$3,639$3,212$2,831$2,491$1,673
13 years$3,758$3,288$2,870$2,499$2,172$1,402
14 years$3,453$2,989$2,579$2,219$1,904$1,180
15 years$3,190$2,730$2,328$1,979$1,677$997
16 years$2,959$2,505$2,111$1,772$1,482$845
17 years$2,756$2,307$1,921$1,592$1,314$718
18 years$2,576$2,132$1,753$1,435$1,168$611
19 years$2,415$1,976$1,605$1,296$1,041$521
20 years$2,270$1,836$1,473$1,174$930$445
21 years$2,139$1,710$1,355$1,065$832$380
22 years$2,021$1,596$1,249$969$746$326
23 years$1,912$1,493$1,153$882$670$279
24 years$1,813$1,399$1,066$805$602$239
25 years$1,722$1,313$988$735$542$205
26 years$1,638$1,234$916$672$488$176
27 years$1,561$1,161$851$615$440$151
28 years$1,489$1,094$791$564$397$130
29 years$1,422$1,032$736$517$358$112
30 years$1,360$975$685$474$324$96
31 years$1,302$922$639$436$293$83
32 years$1,247$872$596$400$265$71
33 years$1,196$826$557$368$240$61
34 years$1,148$783$520$339$217$53
35 years$1,103$742$486$312$197$45
36 years$1,061$705$455$287$178$39
37 years$1,021$669$426$265$161$34
38 years$983$636$399$244$146$29
39 years$947$605$374$225$133$25
40 years$913$575$350$207$120$21
41 years$881$548$328$191$109$18
42 years$850$522$308$177$99$16
43 years$821$497$289$163$90$14
44 years$794$474$271$151$82$12
45 years$767$452$255$139$74$10
46 years$742$431$239$128$67$9
47 years$718$411$225$119$61$8
48 years$695$393$211$110$55$6
49 years$673$375$199$101$50$6
50 years$652$358$187$94$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $668,000, adding $2,805 every year, while hoping to spend $43,722 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: 48/44/8 Blend
53$668,000$668,000$668,000$668,000
54$739,029$703,625$693,271$772,790
55$767,890$691,583$669,976$784,189
56$798,230$677,485$644,435$791,726
57$830,153$661,185$616,527$798,892
58$863,772$642,528$586,125$805,664
59$899,213$621,347$553,096$812,022
60$936,610$597,470$517,301$817,944
61$976,110$570,712$478,596$823,413
62$1,017,873$540,877$436,830$828,410
63$1,062,076$507,760$391,844$832,920
64$1,108,910$471,143$343,472$836,930
65$1,158,584$430,793$291,544$840,430
66$1,211,326$386,469$235,877$843,413
67$1,267,386$337,911$176,284$845,879
68$1,327,039$284,848$112,569$847,828
69$1,390,583$226,992$44,526$849,271
70$1,458,347$164,038$0$850,223
71$1,530,689$95,667$0$853,105
72$1,608,003$21,538$0$859,763
73$1,690,720$0$0$866,457
74$1,779,314$0$0$901,684
75$1,874,302$0$0$950,685
76$1,976,255$0$0$1,003,331
77$2,085,796$0$0$1,059,950
78$2,203,611$0$0$1,120,904
79$2,330,453$0$0$1,186,589
80$2,467,148$0$0$1,257,443
81$2,614,605$0$0$1,333,942
82$2,773,819$0$0$1,416,614
83$2,945,888$0$0$1,506,037
84$3,132,016$0$0$1,602,847
85$3,333,527$0$0$1,707,741
86$3,551,877$0$0$1,821,489
87$3,788,665$0$0$1,944,935
88$4,045,653$0$0$2,079,009
89$4,324,775$0$0$2,224,733
90$4,628,161$0$0$2,383,231
91$4,958,155$0$0$2,555,740
92$5,317,332$0$0$2,743,623
93$5,708,528$0$0$2,948,375
94$6,134,865$0$0$3,171,647
95$6,599,776$0$0$3,415,253
96$7,107,041$0$0$3,681,190
97$7,660,822$0$0$3,971,655
98$8,265,697$0$0$4,289,071
99$8,926,708$0$0$4,636,100
100$9,649,407$0$0$5,015,677