Can I retire at age 55 with 654,000?

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 $654,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$54,007$53,526$53,056$52,598$52,151$50,201
2 years$26,736$26,238$25,755$25,288$24,834$22,891
3 years$17,647$17,147$16,666$16,202$15,756$13,882
4 years$13,103$12,605$12,128$11,673$11,237$9,447
5 years$10,378$9,882$9,412$8,966$8,542$6,840
6 years$8,561$8,070$7,606$7,170$6,759$5,145
7 years$7,265$6,777$6,321$5,895$5,497$3,972
8 years$6,292$5,809$5,361$4,945$4,560$3,122
9 years$5,537$5,058$4,617$4,212$3,840$2,487
10 years$4,932$4,458$4,025$3,631$3,272$2,002
11 years$4,438$3,969$3,544$3,160$2,814$1,624
12 years$4,027$3,562$3,145$2,772$2,439$1,325
13 years$3,679$3,219$2,810$2,447$2,127$1,087
14 years$3,381$2,926$2,525$2,172$1,864$895
15 years$3,123$2,673$2,279$1,937$1,641$739
16 years$2,897$2,453$2,067$1,735$1,451$612
17 years$2,699$2,259$1,881$1,558$1,286$508
18 years$2,522$2,087$1,717$1,404$1,144$422
19 years$2,365$1,934$1,572$1,269$1,019$351
20 years$2,223$1,797$1,442$1,149$911$293
21 years$2,095$1,674$1,327$1,043$815$244
22 years$1,978$1,563$1,223$948$730$204
23 years$1,872$1,462$1,129$864$656$170
24 years$1,775$1,370$1,044$788$589$142
25 years$1,686$1,285$967$719$530$119
26 years$1,604$1,208$897$658$478$100
27 years$1,528$1,137$833$602$431$83
28 years$1,458$1,071$774$552$389$70
29 years$1,392$1,011$720$506$351$58
30 years$1,331$954$671$464$317$49
31 years$1,274$902$626$426$287$41
32 years$1,221$854$584$392$259$34
33 years$1,171$808$545$360$235$29
34 years$1,124$766$509$332$212$24
35 years$1,080$727$476$305$192$20
36 years$1,039$690$445$281$174$17
37 years$999$655$417$259$158$14
38 years$962$623$390$239$143$12
39 years$927$592$366$220$130$10
40 years$894$563$343$203$118$8
41 years$863$536$321$187$107$7
42 years$833$511$302$173$97$6
43 years$804$487$283$160$88$5
44 years$777$464$266$147$80$4
45 years$751$442$249$136$73$3
46 years$727$422$234$126$66$3
47 years$703$403$220$116$60$2
48 years$681$384$207$107$54$2
49 years$659$367$194$99$49$2
50 years$639$351$183$92$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $654,000, adding $3,196 every year, while hoping to spend $38,024 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: 31/39/30 Blend
54$654,000$654,000$654,000$654,000
55$724,005$689,343$679,206$739,739
56$757,396$682,663$661,502$745,584
57$792,919$674,382$641,930$748,340
58$830,750$664,381$620,389$750,574
59$871,085$652,533$596,770$752,265
60$914,134$638,706$570,961$753,398
61$960,132$622,759$542,844$753,958
62$1,009,334$604,543$512,298$753,933
63$1,062,020$583,899$479,193$753,315
64$1,118,495$560,660$443,396$752,098
65$1,179,099$534,649$404,766$750,282
66$1,244,198$505,678$363,158$747,871
67$1,314,201$473,550$318,418$744,876
68$1,389,551$438,056$270,386$741,312
69$1,470,737$398,973$218,897$737,206
70$1,558,298$356,068$163,775$732,591
71$1,652,822$309,093$104,839$727,511
72$1,754,959$257,788$41,900$722,022
73$1,865,420$201,875$0$716,194
74$1,984,989$141,063$0$718,198
75$2,114,527$75,044$0$734,886
76$2,254,980$3,493$0$753,023
77$2,407,390$0$0$772,823
78$2,572,902$0$0$826,257
79$2,752,774$0$0$886,045
80$2,948,393$0$0$951,159
81$3,161,282$0$0$1,022,120
82$3,393,119$0$0$1,099,499
83$3,645,748$0$0$1,183,923
84$3,921,202$0$0$1,276,085
85$4,221,714$0$0$1,376,746
86$4,549,747$0$0$1,486,746
87$4,908,007$0$0$1,607,008
88$5,299,477$0$0$1,738,547
89$5,727,438$0$0$1,882,484
90$6,195,505$0$0$2,040,050
91$6,707,657$0$0$2,212,603
92$7,268,275$0$0$2,401,637
93$7,882,184$0$0$2,608,798
94$8,554,697$0$0$2,835,898
95$9,291,664$0$0$3,084,934
96$10,099,531$0$0$3,358,105
97$10,985,393$0$0$3,657,833
98$11,957,069$0$0$3,986,784
99$13,023,167$0$0$4,347,898
100$14,193,171$0$0$4,744,411