Can I retire at age 54 with 652,000?

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 $652,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$53,842$53,362$52,894$52,437$51,991$50,408
2 years$26,654$26,158$25,677$25,210$24,758$23,176
3 years$17,593$17,094$16,615$16,152$15,707$14,177
4 years$13,063$12,566$12,091$11,637$11,203$9,735
5 years$10,346$9,852$9,383$8,938$8,516$7,116
6 years$8,535$8,045$7,583$7,148$6,738$5,406
7 years$7,242$6,756$6,302$5,877$5,480$4,216
8 years$6,273$5,791$5,344$4,930$4,546$3,350
9 years$5,520$5,042$4,603$4,199$3,829$2,698
10 years$4,917$4,445$4,013$3,620$3,262$2,196
11 years$4,425$3,957$3,533$3,150$2,806$1,802
12 years$4,014$3,551$3,135$2,763$2,431$1,489
13 years$3,668$3,209$2,801$2,439$2,120$1,236
14 years$3,371$2,917$2,517$2,165$1,858$1,030
15 years$3,113$2,665$2,272$1,931$1,636$862
16 years$2,889$2,445$2,060$1,729$1,446$723
17 years$2,690$2,252$1,875$1,554$1,282$608
18 years$2,515$2,081$1,711$1,400$1,140$512
19 years$2,357$1,928$1,567$1,265$1,016$432
20 years$2,216$1,792$1,438$1,146$908$365
21 years$2,088$1,669$1,323$1,040$812$309
22 years$1,972$1,558$1,219$946$728$261
23 years$1,867$1,457$1,126$861$654$222
24 years$1,770$1,365$1,041$785$587$188
25 years$1,681$1,281$964$717$529$159
26 years$1,599$1,204$894$656$476$135
27 years$1,523$1,133$830$600$429$115
28 years$1,453$1,068$772$550$387$98
29 years$1,388$1,007$718$504$350$83
30 years$1,327$951$669$463$316$70
31 years$1,270$899$624$425$286$60
32 years$1,217$851$582$391$258$51
33 years$1,168$806$543$359$234$43
34 years$1,121$764$508$331$212$37
35 years$1,077$725$475$304$192$31
36 years$1,036$688$444$280$174$27
37 years$996$653$416$258$158$23
38 years$959$621$389$238$143$19
39 years$925$590$365$219$130$16
40 years$891$562$342$202$117$14
41 years$860$535$320$187$107$12
42 years$830$509$301$172$97$10
43 years$802$485$282$159$88$9
44 years$775$462$265$147$80$7
45 years$749$441$249$136$72$6
46 years$724$421$234$125$66$5
47 years$701$401$219$116$60$5
48 years$679$383$206$107$54$4
49 years$657$366$194$99$49$3
50 years$637$350$182$91$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $652,000, adding $2,070 every year, while hoping to spend $24,439 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: 38/43/19 Blend
53$652,000$652,000$652,000$652,000
54$720,639$686,083$675,977$743,843
55$768,141$693,698$672,620$768,374
56$819,670$700,868$668,330$792,397
57$875,609$707,543$663,052$817,853
58$936,383$713,674$656,726$844,884
59$1,002,457$719,207$649,289$873,648
60$1,074,343$724,084$640,676$904,321
61$1,152,605$728,243$630,817$937,097
62$1,237,863$731,619$619,642$972,193
63$1,330,799$734,143$607,075$1,009,849
64$1,432,165$735,740$593,036$1,050,331
65$1,542,788$736,334$577,445$1,093,933
66$1,663,578$735,839$560,215$1,140,982
67$1,795,536$734,168$541,255$1,191,841
68$1,939,765$731,227$520,471$1,246,909
69$2,097,480$726,916$497,766$1,306,632
70$2,270,017$721,129$473,035$1,371,500
71$2,458,849$713,754$446,172$1,442,060
72$2,665,596$704,673$417,063$1,518,915
73$2,892,044$693,759$385,592$1,602,731
74$3,140,157$680,878$351,635$1,694,248
75$3,412,102$665,890$315,063$1,794,283
76$3,710,263$648,645$275,744$1,903,742
77$4,037,264$628,983$233,536$2,023,624
78$4,395,999$606,738$188,294$2,155,037
79$4,789,654$581,731$139,864$2,299,204
80$5,221,737$553,774$88,088$2,457,480
81$5,696,114$522,669$32,799$2,631,361
82$6,217,043$488,205$0$2,822,500
83$6,789,215$450,160$0$3,038,039
84$7,417,796$408,299$0$3,282,127
85$8,108,478$362,373$0$3,550,380
86$8,867,534$312,120$0$3,845,304
87$9,701,871$257,262$0$4,169,667
88$10,619,100$197,507$0$4,526,525
89$11,627,608$132,544$0$4,919,248
90$12,736,632$62,047$0$5,351,557
91$13,956,351$0$0$5,827,560
92$15,297,980$0$0$6,358,568
93$16,773,875$0$0$6,975,114
94$18,397,649$0$0$7,653,538
95$20,184,303$0$0$8,400,122
96$22,150,364$0$0$9,221,783
97$24,314,041$0$0$10,126,146
98$26,695,400$0$0$11,121,613
99$29,316,549$0$0$12,217,439
100$32,201,850$0$0$13,423,824