Can I retire at age 54 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$55,245$54,753$54,273$53,805$53,347$52,291
2 years$27,349$26,840$26,346$25,868$25,403$24,344
3 years$18,052$17,540$17,048$16,574$16,117$15,087
4 years$13,404$12,894$12,406$11,940$11,495$10,503
5 years$10,616$10,109$9,628$9,171$8,738$7,786
6 years$8,758$8,255$7,781$7,334$6,914$6,004
7 years$7,431$6,932$6,466$6,030$5,623$4,754
8 years$6,437$5,942$5,484$5,058$4,665$3,837
9 years$5,664$5,174$4,723$4,309$3,929$3,142
10 years$5,045$4,560$4,118$3,714$3,347$2,601
11 years$4,540$4,060$3,625$3,232$2,879$2,171
12 years$4,119$3,644$3,217$2,835$2,495$1,825
13 years$3,763$3,293$2,874$2,503$2,175$1,543
14 years$3,458$2,993$2,583$2,222$1,907$1,311
15 years$3,195$2,734$2,332$1,982$1,679$1,117
16 years$2,964$2,509$2,114$1,774$1,484$955
17 years$2,761$2,311$1,924$1,594$1,316$819
18 years$2,580$2,135$1,756$1,437$1,170$704
19 years$2,419$1,979$1,608$1,298$1,043$606
20 years$2,274$1,839$1,475$1,176$931$523
21 years$2,143$1,713$1,357$1,067$834$451
22 years$2,024$1,599$1,251$970$747$390
23 years$1,915$1,495$1,155$884$671$338
24 years$1,816$1,401$1,068$806$603$293
25 years$1,725$1,315$989$736$542$254
26 years$1,641$1,236$917$673$489$220
27 years$1,563$1,163$852$616$441$191
28 years$1,491$1,096$792$564$397$166
29 years$1,424$1,034$737$518$359$144
30 years$1,362$976$686$475$324$125
31 years$1,304$923$640$436$293$109
32 years$1,249$873$597$401$265$95
33 years$1,198$827$558$369$240$82
34 years$1,150$784$521$339$217$72
35 years$1,105$743$487$312$197$62
36 years$1,063$706$456$288$178$54
37 years$1,022$670$426$265$162$47
38 years$985$637$399$244$147$41
39 years$949$606$374$225$133$36
40 years$915$576$351$208$121$31
41 years$882$548$329$192$109$27
42 years$852$522$308$177$99$24
43 years$823$498$289$163$90$21
44 years$795$474$272$151$82$18
45 years$768$452$255$139$74$16
46 years$743$432$240$129$67$14
47 years$719$412$225$119$61$12
48 years$696$393$212$110$56$10
49 years$674$375$199$101$50$9
50 years$653$359$187$94$46$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $669,000, adding $4,527 every year, while hoping to spend $41,589 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: 53/37/10 Blend
53$669,000$669,000$669,000$669,000
54$741,908$706,451$696,081$779,100
55$773,332$696,816$675,149$795,247
56$806,567$685,316$652,123$807,920
57$841,755$671,814$626,887$820,732
58$879,049$656,168$599,322$833,705
59$918,617$638,226$569,305$846,864
60$960,643$617,826$536,703$860,242
61$1,005,328$594,798$501,382$873,875
62$1,052,892$568,964$463,199$887,809
63$1,103,576$540,132$422,005$902,094
64$1,157,642$508,100$377,644$916,790
65$1,215,381$472,657$329,955$931,967
66$1,277,109$433,576$278,767$947,704
67$1,343,172$390,619$223,904$964,094
68$1,413,952$343,535$165,180$981,243
69$1,489,864$292,058$102,403$999,270
70$1,571,368$235,907$35,372$1,018,314
71$1,658,966$174,785$0$1,038,532
72$1,753,210$108,378$0$1,063,960
73$1,854,705$36,356$0$1,095,219
74$1,964,116$0$0$1,128,785
75$2,082,174$0$0$1,181,891
76$2,209,683$0$0$1,255,285
77$2,347,524$0$0$1,334,680
78$2,496,666$0$0$1,420,642
79$2,658,177$0$0$1,513,791
80$2,833,228$0$0$1,614,810
81$3,023,108$0$0$1,724,452
82$3,229,233$0$0$1,843,543
83$3,453,162$0$0$1,972,992
84$3,696,611$0$0$2,113,799
85$3,961,465$0$0$2,267,065
86$4,249,800$0$0$2,433,999
87$4,563,899$0$0$2,615,936
88$4,906,276$0$0$2,814,341
89$5,279,697$0$0$3,030,827
90$5,687,205$0$0$3,267,172
91$6,132,152$0$0$3,525,331
92$6,618,227$0$0$3,807,457
93$7,149,489$0$0$4,115,920
94$7,730,411$0$0$4,453,329
95$8,365,915$0$0$4,822,558
96$9,061,421$0$0$5,226,771
97$9,822,897$0$0$5,669,451
98$10,656,916$0$0$6,154,435
99$11,570,715$0$0$6,685,949
100$12,572,266$0$0$7,268,645