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%18.8%
1 years$54,007$53,526$53,056$52,598$52,151$50,301
2 years$26,736$26,238$25,755$25,288$24,834$22,989
3 years$17,647$17,147$16,666$16,202$15,756$13,975
4 years$13,103$12,605$12,128$11,673$11,237$9,534
5 years$10,378$9,882$9,412$8,966$8,542$6,921
6 years$8,561$8,070$7,606$7,170$6,759$5,221
7 years$7,265$6,777$6,321$5,895$5,497$4,042
8 years$6,292$5,809$5,361$4,945$4,560$3,187
9 years$5,537$5,058$4,617$4,212$3,840$2,546
10 years$4,932$4,458$4,025$3,631$3,272$2,056
11 years$4,438$3,969$3,544$3,160$2,814$1,673
12 years$4,027$3,562$3,145$2,772$2,439$1,370
13 years$3,679$3,219$2,810$2,447$2,127$1,127
14 years$3,381$2,926$2,525$2,172$1,864$931
15 years$3,123$2,673$2,279$1,937$1,641$772
16 years$2,897$2,453$2,067$1,735$1,451$641
17 years$2,699$2,259$1,881$1,558$1,286$534
18 years$2,522$2,087$1,717$1,404$1,144$446
19 years$2,365$1,934$1,572$1,269$1,019$372
20 years$2,223$1,797$1,442$1,149$911$312
21 years$2,095$1,674$1,327$1,043$815$261
22 years$1,978$1,563$1,223$948$730$219
23 years$1,872$1,462$1,129$864$656$183
24 years$1,775$1,370$1,044$788$589$154
25 years$1,686$1,285$967$719$530$129
26 years$1,604$1,208$897$658$478$109
27 years$1,528$1,137$833$602$431$91
28 years$1,458$1,071$774$552$389$77
29 years$1,392$1,011$720$506$351$64
30 years$1,331$954$671$464$317$54
31 years$1,274$902$626$426$287$46
32 years$1,221$854$584$392$259$38
33 years$1,171$808$545$360$235$32
34 years$1,124$766$509$332$212$27
35 years$1,080$727$476$305$192$23
36 years$1,039$690$445$281$174$19
37 years$999$655$417$259$158$16
38 years$962$623$390$239$143$14
39 years$927$592$366$220$130$11
40 years$894$563$343$203$118$10
41 years$863$536$321$187$107$8
42 years$833$511$302$173$97$7
43 years$804$487$283$160$88$6
44 years$777$464$266$147$80$5
45 years$751$442$249$136$73$4
46 years$727$422$234$126$66$3
47 years$703$403$220$116$60$3
48 years$681$384$207$107$54$2
49 years$659$367$194$99$49$2
50 years$639$351$183$92$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $654,000, adding $3,697 every year, while hoping to spend $43,269 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: 44/40/16 Blend
54$654,000$654,000$654,000$654,000
55$724,521$689,859$679,722$752,904
56$752,385$677,625$656,455$760,914
57$781,640$663,340$630,958$764,991
58$812,383$646,860$603,112$768,482
59$844,719$628,029$572,789$771,354
60$878,762$606,684$539,859$773,570
61$914,636$582,651$504,184$775,095
62$952,475$555,747$465,620$775,895
63$992,427$525,779$424,018$775,935
64$1,034,652$492,539$379,220$775,180
65$1,079,326$455,813$331,063$773,598
66$1,126,639$415,370$279,376$771,156
67$1,176,800$370,967$223,979$767,825
68$1,230,039$322,349$164,687$763,577
69$1,286,603$269,245$101,305$758,387
70$1,346,767$211,368$33,629$752,235
71$1,410,829$148,417$0$745,103
72$1,479,116$80,072$0$743,569
73$1,551,986$5,996$0$747,592
74$1,629,832$0$0$751,467
75$1,713,084$0$0$787,890
76$1,802,213$0$0$829,760
77$1,897,737$0$0$874,689
78$2,000,223$0$0$922,949
79$2,110,294$0$0$974,842
80$2,228,632$0$0$1,030,698
81$2,355,988$0$0$1,090,878
82$2,493,185$0$0$1,155,780
83$2,641,128$0$0$1,225,841
84$2,800,812$0$0$1,301,543
85$2,973,326$0$0$1,383,411
86$3,159,873$0$0$1,472,028
87$3,361,770$0$0$1,568,030
88$3,580,468$0$0$1,672,118
89$3,817,561$0$0$1,785,064
90$4,074,802$0$0$1,907,716
91$4,354,118$0$0$2,041,007
92$4,657,631$0$0$2,185,963
93$4,987,673$0$0$2,343,712
94$5,346,811$0$0$2,515,497
95$5,737,868$0$0$2,702,685
96$6,163,952$0$0$2,906,781
97$6,628,482$0$0$3,129,439
98$7,135,222$0$0$3,372,483
99$7,688,315$0$0$3,637,919
100$8,292,321$0$0$3,927,954