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%17.1%
1 years$54,007$53,526$53,056$52,598$52,151$50,644
2 years$26,736$26,238$25,755$25,288$24,834$23,327
3 years$17,647$17,147$16,666$16,202$15,756$14,297
4 years$13,103$12,605$12,128$11,673$11,237$9,838
5 years$10,378$9,882$9,412$8,966$8,542$7,206
6 years$8,561$8,070$7,606$7,170$6,759$5,487
7 years$7,265$6,777$6,321$5,895$5,497$4,289
8 years$6,292$5,809$5,361$4,945$4,560$3,415
9 years$5,537$5,058$4,617$4,212$3,840$2,758
10 years$4,932$4,458$4,025$3,631$3,272$2,251
11 years$4,438$3,969$3,544$3,160$2,814$1,852
12 years$4,027$3,562$3,145$2,772$2,439$1,533
13 years$3,679$3,219$2,810$2,447$2,127$1,276
14 years$3,381$2,926$2,525$2,172$1,864$1,067
15 years$3,123$2,673$2,279$1,937$1,641$895
16 years$2,897$2,453$2,067$1,735$1,451$753
17 years$2,699$2,259$1,881$1,558$1,286$635
18 years$2,522$2,087$1,717$1,404$1,144$537
19 years$2,365$1,934$1,572$1,269$1,019$454
20 years$2,223$1,797$1,442$1,149$911$385
21 years$2,095$1,674$1,327$1,043$815$327
22 years$1,978$1,563$1,223$948$730$277
23 years$1,872$1,462$1,129$864$656$236
24 years$1,775$1,370$1,044$788$589$200
25 years$1,686$1,285$967$719$530$171
26 years$1,604$1,208$897$658$478$145
27 years$1,528$1,137$833$602$431$124
28 years$1,458$1,071$774$552$389$105
29 years$1,392$1,011$720$506$351$90
30 years$1,331$954$671$464$317$77
31 years$1,274$902$626$426$287$65
32 years$1,221$854$584$392$259$56
33 years$1,171$808$545$360$235$48
34 years$1,124$766$509$332$212$41
35 years$1,080$727$476$305$192$35
36 years$1,039$690$445$281$174$30
37 years$999$655$417$259$158$25
38 years$962$623$390$239$143$22
39 years$927$592$366$220$130$18
40 years$894$563$343$203$118$16
41 years$863$536$321$187$107$13
42 years$833$511$302$173$97$11
43 years$804$487$283$160$88$10
44 years$777$464$266$147$80$8
45 years$751$442$249$136$73$7
46 years$727$422$234$126$66$6
47 years$703$403$220$116$60$5
48 years$681$384$207$107$54$4
49 years$659$367$194$99$49$4
50 years$639$351$183$92$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $654,000, adding $3,967 every year, while hoping to spend $40,428 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: 62/17/21 Blend
54$654,000$654,000$654,000$654,000
55$724,800$690,138$680,001$765,547
56$755,714$680,940$659,766$784,340
57$788,427$669,936$637,498$800,002
58$823,079$656,995$613,086$816,181
59$859,824$641,978$586,415$832,934
60$898,829$624,739$557,364$850,321
61$940,280$605,120$525,805$868,414
62$984,375$582,959$491,607$887,292
63$1,031,337$558,079$454,631$907,045
64$1,081,405$530,296$414,733$927,772
65$1,134,843$499,416$371,762$949,586
66$1,191,941$465,231$325,560$972,615
67$1,253,016$427,524$275,962$997,000
68$1,318,414$386,063$222,797$1,022,900
69$1,388,516$340,604$165,885$1,050,493
70$1,463,742$290,891$105,039$1,079,978
71$1,544,548$236,649$40,063$1,111,578
72$1,631,440$177,592$0$1,145,541
73$1,724,968$113,416$0$1,188,704
74$1,825,741$43,800$0$1,244,824
75$1,934,425$0$0$1,305,308
76$2,051,752$0$0$1,376,503
77$2,178,526$0$0$1,462,322
78$2,315,633$0$0$1,555,176
79$2,464,044$0$0$1,655,727
80$2,624,828$0$0$1,764,705
81$2,799,160$0$0$1,882,912
82$2,988,331$0$0$2,011,229
83$3,193,763$0$0$2,150,627
84$3,417,018$0$0$2,302,173
85$3,659,817$0$0$2,467,040
86$3,924,050$0$0$2,646,519
87$4,211,799$0$0$2,842,033
88$4,525,355$0$0$3,055,144
89$4,867,238$0$0$3,287,575
90$5,240,223$0$0$3,541,218
91$5,647,362$0$0$3,818,160
92$6,092,018$0$0$4,120,696
93$6,577,890$0$0$4,451,353
94$7,109,053$0$0$4,812,912
95$7,689,991$0$0$5,208,438
96$8,325,643$0$0$5,641,302
97$9,021,447$0$0$6,115,219
98$9,783,390$0$0$6,634,278
99$10,618,067$0$0$7,202,983
100$11,532,739$0$0$7,826,295