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%18.6%
1 years$55,245$54,753$54,273$53,805$53,347$51,495
2 years$27,349$26,840$26,346$25,868$25,403$23,557
3 years$18,052$17,540$17,048$16,574$16,117$14,334
4 years$13,404$12,894$12,406$11,940$11,495$9,788
5 years$10,616$10,109$9,628$9,171$8,738$7,113
6 years$8,758$8,255$7,781$7,334$6,914$5,372
7 years$7,431$6,932$6,466$6,030$5,623$4,163
8 years$6,437$5,942$5,484$5,058$4,665$3,286
9 years$5,664$5,174$4,723$4,309$3,929$2,629
10 years$5,045$4,560$4,118$3,714$3,347$2,126
11 years$4,540$4,060$3,625$3,232$2,879$1,732
12 years$4,119$3,644$3,217$2,835$2,495$1,420
13 years$3,763$3,293$2,874$2,503$2,175$1,170
14 years$3,458$2,993$2,583$2,222$1,907$968
15 years$3,195$2,734$2,332$1,982$1,679$804
16 years$2,964$2,509$2,114$1,774$1,484$669
17 years$2,761$2,311$1,924$1,594$1,316$558
18 years$2,580$2,135$1,756$1,437$1,170$466
19 years$2,419$1,979$1,608$1,298$1,043$390
20 years$2,274$1,839$1,475$1,176$931$327
21 years$2,143$1,713$1,357$1,067$834$274
22 years$2,024$1,599$1,251$970$747$230
23 years$1,915$1,495$1,155$884$671$193
24 years$1,816$1,401$1,068$806$603$162
25 years$1,725$1,315$989$736$542$137
26 years$1,641$1,236$917$673$489$115
27 years$1,563$1,163$852$616$441$97
28 years$1,491$1,096$792$564$397$81
29 years$1,424$1,034$737$518$359$69
30 years$1,362$976$686$475$324$58
31 years$1,304$923$640$436$293$49
32 years$1,249$873$597$401$265$41
33 years$1,198$827$558$369$240$35
34 years$1,150$784$521$339$217$29
35 years$1,105$743$487$312$197$25
36 years$1,063$706$456$288$178$21
37 years$1,022$670$426$265$162$17
38 years$985$637$399$244$147$15
39 years$949$606$374$225$133$12
40 years$915$576$351$208$121$10
41 years$882$548$329$192$109$9
42 years$852$522$308$177$99$7
43 years$823$498$289$163$90$6
44 years$795$474$272$151$82$5
45 years$768$452$255$139$74$4
46 years$743$432$240$129$67$4
47 years$719$412$225$119$61$3
48 years$696$393$212$110$56$3
49 years$674$375$199$101$50$2
50 years$653$359$187$94$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $669,000, adding $2,967 every year, while hoping to spend $23,852 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: 47/47/6 Blend
53$669,000$669,000$669,000$669,000
54$740,298$704,841$694,472$773,779
55$790,431$714,000$692,358$806,204
56$844,877$722,809$689,375$838,620
57$904,052$731,224$685,466$873,236
58$968,412$739,201$680,577$910,263
59$1,038,460$746,691$674,646$949,933
60$1,114,747$753,644$667,611$992,503
61$1,197,883$760,004$659,407$1,038,257
62$1,288,535$765,712$649,965$1,087,509
63$1,387,441$770,707$639,214$1,140,604
64$1,495,410$774,922$627,078$1,197,926
65$1,613,336$778,287$613,479$1,259,897
66$1,742,200$780,727$598,334$1,326,984
67$1,883,083$782,161$581,558$1,399,703
68$2,037,177$782,507$563,059$1,478,622
69$2,205,792$781,672$542,745$1,564,370
70$2,390,371$779,563$520,515$1,657,643
71$2,592,505$776,078$496,268$1,759,207
72$2,813,943$771,108$469,896$1,869,909
73$3,056,614$764,541$441,286$1,990,685
74$3,322,640$756,255$410,320$2,122,567
75$3,614,359$746,121$376,876$2,266,695
76$3,934,348$734,005$340,825$2,424,330
77$4,285,442$719,762$302,034$2,596,859
78$4,670,765$703,239$260,361$2,785,819
79$5,093,761$684,275$215,660$2,992,903
80$5,558,219$662,699$167,779$3,219,980
81$6,068,316$638,330$116,559$3,469,116
82$6,628,653$610,977$61,832$3,742,587
83$7,244,297$580,436$3,424$4,042,910
84$7,920,832$546,494$0$4,372,857
85$8,664,408$508,923$0$4,739,263
86$9,481,801$467,484$0$5,142,216
87$10,380,479$421,925$0$5,585,238
88$11,368,664$371,976$0$6,072,456
89$12,455,420$317,354$0$6,608,425
90$13,650,730$257,762$0$7,198,168
91$14,965,595$192,883$0$7,847,228
92$16,412,134$122,383$0$8,561,716
93$18,003,703$45,910$0$9,348,377
94$19,755,013$0$0$10,214,648
95$21,682,277$0$0$11,187,819
96$23,803,358$0$0$12,285,080
97$26,137,938$0$0$13,492,878
98$28,707,705$0$0$14,822,445
99$31,536,554$0$0$16,286,157
100$34,650,817$0$0$17,897,650