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%17.8%
1 years$55,163$54,671$54,192$53,724$53,267$51,583
2 years$27,308$26,800$26,307$25,829$25,365$23,684
3 years$18,025$17,514$17,022$16,549$16,093$14,466
4 years$13,384$12,875$12,388$11,923$11,478$9,919
5 years$10,600$10,094$9,613$9,158$8,725$7,239
6 years$8,745$8,242$7,769$7,323$6,904$5,491
7 years$7,420$6,922$6,456$6,021$5,615$4,275
8 years$6,427$5,933$5,475$5,051$4,658$3,390
9 years$5,655$5,166$4,716$4,302$3,923$2,726
10 years$5,038$4,554$4,111$3,709$3,342$2,215
11 years$4,533$4,054$3,620$3,228$2,874$1,814
12 years$4,113$3,639$3,212$2,831$2,491$1,495
13 years$3,758$3,288$2,870$2,499$2,172$1,239
14 years$3,453$2,989$2,579$2,219$1,904$1,031
15 years$3,190$2,730$2,328$1,979$1,677$860
16 years$2,959$2,505$2,111$1,772$1,482$720
17 years$2,756$2,307$1,921$1,592$1,314$604
18 years$2,576$2,132$1,753$1,435$1,168$508
19 years$2,415$1,976$1,605$1,296$1,041$427
20 years$2,270$1,836$1,473$1,174$930$360
21 years$2,139$1,710$1,355$1,065$832$304
22 years$2,021$1,596$1,249$969$746$257
23 years$1,912$1,493$1,153$882$670$217
24 years$1,813$1,399$1,066$805$602$184
25 years$1,722$1,313$988$735$542$155
26 years$1,638$1,234$916$672$488$132
27 years$1,561$1,161$851$615$440$111
28 years$1,489$1,094$791$564$397$94
29 years$1,422$1,032$736$517$358$80
30 years$1,360$975$685$474$324$68
31 years$1,302$922$639$436$293$58
32 years$1,247$872$596$400$265$49
33 years$1,196$826$557$368$240$41
34 years$1,148$783$520$339$217$35
35 years$1,103$742$486$312$197$30
36 years$1,061$705$455$287$178$25
37 years$1,021$669$426$265$161$21
38 years$983$636$399$244$146$18
39 years$947$605$374$225$133$15
40 years$913$575$350$207$120$13
41 years$881$548$328$191$109$11
42 years$850$522$308$177$99$9
43 years$821$497$289$163$90$8
44 years$794$474$271$151$82$7
45 years$767$452$255$139$74$6
46 years$742$431$239$128$67$5
47 years$718$411$225$119$61$4
48 years$695$393$211$110$55$4
49 years$673$375$199$101$50$3
50 years$652$358$187$94$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $668,000, adding $3,976 every year, while hoping to spend $28,023 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: 66/27/7 Blend
53$668,000$668,000$668,000$668,000
54$740,237$704,833$694,479$787,921
55$785,925$709,554$687,928$824,826
56$835,334$713,566$680,218$861,418
57$888,814$716,807$671,281$900,667
58$946,749$719,207$661,046$942,827
59$1,009,563$720,694$649,436$988,179
60$1,077,721$721,190$636,375$1,037,036
61$1,151,734$720,614$621,779$1,089,739
62$1,232,166$718,878$605,563$1,146,667
63$1,319,634$715,891$587,636$1,208,238
64$1,414,820$711,553$567,906$1,274,913
65$1,518,474$705,761$546,273$1,347,200
66$1,631,420$698,405$522,634$1,425,660
67$1,754,565$689,367$496,883$1,510,912
68$1,888,908$678,524$468,906$1,603,641
69$2,035,548$665,743$438,586$1,704,599
70$2,195,696$650,887$405,801$1,814,618
71$2,370,684$633,807$370,422$1,934,617
72$2,561,978$614,347$332,315$2,065,608
73$2,771,192$592,343$291,340$2,208,709
74$3,000,105$567,619$247,351$2,365,153
75$3,250,674$539,990$200,196$2,536,300
76$3,525,054$509,261$149,714$2,723,652
77$3,825,620$475,226$95,740$2,928,864
78$4,154,985$437,664$38,099$3,153,764
79$4,516,029$396,345$0$3,400,366
80$4,911,923$351,024$0$3,672,643
81$5,346,158$301,443$0$3,974,450
82$5,822,581$247,329$0$4,305,657
83$6,345,430$188,394$0$4,669,266
84$6,919,371$124,332$0$5,068,585
85$7,549,545$54,823$0$5,507,260
86$8,241,616$0$0$5,989,316
87$9,001,822$0$0$6,525,271
88$9,837,034$0$0$7,132,047
89$10,754,825$0$0$7,798,861
90$11,763,534$0$0$8,531,781
91$12,872,351$0$0$9,337,487
92$14,091,398$0$0$10,223,342
93$15,431,830$0$0$11,197,458
94$16,905,933$0$0$12,268,771
95$18,527,247$0$0$13,447,127
96$20,310,688$0$0$14,743,373
97$22,272,689$0$0$16,169,463
98$24,431,360$0$0$17,738,565
99$26,806,651$0$0$19,465,190
100$29,420,546$0$0$21,365,325