Can I retire at age 55 with 654,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.4%
1 years$54,007$53,526$53,056$52,598$52,151$51,844
2 years$26,736$26,238$25,755$25,288$24,834$24,524
3 years$17,647$17,147$16,666$16,202$15,756$15,453
4 years$13,103$12,605$12,128$11,673$11,237$10,943
5 years$10,378$9,882$9,412$8,966$8,542$8,259
6 years$8,561$8,070$7,606$7,170$6,759$6,486
7 years$7,265$6,777$6,321$5,895$5,497$5,234
8 years$6,292$5,809$5,361$4,945$4,560$4,308
9 years$5,537$5,058$4,617$4,212$3,840$3,599
10 years$4,932$4,458$4,025$3,631$3,272$3,041
11 years$4,438$3,969$3,544$3,160$2,814$2,593
12 years$4,027$3,562$3,145$2,772$2,439$2,228
13 years$3,679$3,219$2,810$2,447$2,127$1,926
14 years$3,381$2,926$2,525$2,172$1,864$1,673
15 years$3,123$2,673$2,279$1,937$1,641$1,459
16 years$2,897$2,453$2,067$1,735$1,451$1,278
17 years$2,699$2,259$1,881$1,558$1,286$1,122
18 years$2,522$2,087$1,717$1,404$1,144$988
19 years$2,365$1,934$1,572$1,269$1,019$872
20 years$2,223$1,797$1,442$1,149$911$771
21 years$2,095$1,674$1,327$1,043$815$683
22 years$1,978$1,563$1,223$948$730$606
23 years$1,872$1,462$1,129$864$656$538
24 years$1,775$1,370$1,044$788$589$479
25 years$1,686$1,285$967$719$530$426
26 years$1,604$1,208$897$658$478$380
27 years$1,528$1,137$833$602$431$339
28 years$1,458$1,071$774$552$389$302
29 years$1,392$1,011$720$506$351$270
30 years$1,331$954$671$464$317$241
31 years$1,274$902$626$426$287$216
32 years$1,221$854$584$392$259$193
33 years$1,171$808$545$360$235$173
34 years$1,124$766$509$332$212$154
35 years$1,080$727$476$305$192$138
36 years$1,039$690$445$281$174$124
37 years$999$655$417$259$158$111
38 years$962$623$390$239$143$99
39 years$927$592$366$220$130$89
40 years$894$563$343$203$118$80
41 years$863$536$321$187$107$72
42 years$833$511$302$173$97$64
43 years$804$487$283$160$88$58
44 years$777$464$266$147$80$52
45 years$751$442$249$136$73$46
46 years$727$422$234$126$66$41
47 years$703$403$220$116$60$37
48 years$681$384$207$107$54$33
49 years$659$367$194$99$49$30
50 years$639$351$183$92$45$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $654,000, adding $5,791 every year, while hoping to spend $23,282 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
54$654,000$654,000$654,000$654,000
55$726,681$692,019$681,882$759,411
56$776,031$701,157$679,954$791,600
57$829,634$709,961$677,180$823,589
58$887,900$718,392$673,508$857,755
59$951,278$726,406$668,884$894,306
60$1,020,265$733,956$663,247$933,473
61$1,095,405$740,993$656,539$975,509
62$1,177,298$747,463$648,695$1,020,694
63$1,266,604$753,311$639,648$1,069,340
64$1,364,050$758,475$629,328$1,121,788
65$1,470,435$762,893$617,663$1,178,417
66$1,586,640$766,495$604,575$1,239,644
67$1,713,634$769,210$589,985$1,305,931
68$1,852,483$770,960$573,809$1,377,787
69$2,004,364$771,664$555,958$1,455,774
70$2,170,568$771,235$536,342$1,540,515
71$2,352,520$769,580$514,864$1,632,696
72$2,551,789$766,601$491,424$1,733,074
73$2,770,102$762,195$465,917$1,842,486
74$3,009,361$756,251$438,234$1,961,857
75$3,271,660$748,652$408,259$2,092,207
76$3,559,308$739,274$375,874$2,234,661
77$3,874,844$727,985$340,952$2,390,465
78$4,221,068$714,647$303,365$2,560,991
79$4,601,064$699,111$262,974$2,747,754
80$5,018,226$681,221$219,638$2,952,428
81$5,476,297$660,813$173,207$3,176,860
82$5,979,397$637,710$123,526$3,423,088
83$6,532,064$611,727$70,434$3,693,361
84$7,139,302$582,668$13,760$3,990,164
85$7,806,618$550,326$0$4,316,237
86$8,540,082$514,481$0$4,677,593
87$9,346,380$474,901$0$5,075,715
88$10,232,881$431,341$0$5,513,415
89$11,207,699$383,541$0$5,994,769
90$12,279,777$331,227$0$6,524,273
91$13,458,967$274,110$0$7,106,887
92$14,756,125$211,885$0$7,748,083
93$16,183,209$144,226$0$8,453,895
94$17,753,397$70,795$0$9,230,982
95$19,481,209$0$0$10,086,684
96$21,382,643$0$0$11,033,637
97$23,475,324$0$0$12,116,220
98$25,778,676$0$0$13,307,877
99$28,314,099$0$0$14,619,690
100$31,105,175$0$0$16,063,872