Can I retire at age 54 with 653,000?

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 $653,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$53,924$53,444$52,975$52,518$52,071$50,526
2 years$26,695$26,198$25,716$25,249$24,796$23,252
3 years$17,620$17,121$16,640$16,177$15,731$14,237
4 years$13,083$12,585$12,110$11,655$11,220$9,786
5 years$10,362$9,867$9,398$8,952$8,529$7,161
6 years$8,548$8,057$7,595$7,159$6,749$5,446
7 years$7,253$6,766$6,311$5,886$5,489$4,252
8 years$6,283$5,800$5,352$4,937$4,553$3,383
9 years$5,528$5,050$4,610$4,206$3,835$2,728
10 years$4,925$4,451$4,019$3,625$3,267$2,223
11 years$4,431$3,963$3,538$3,155$2,810$1,827
12 years$4,021$3,557$3,140$2,767$2,435$1,511
13 years$3,673$3,214$2,806$2,443$2,123$1,256
14 years$3,376$2,922$2,521$2,169$1,861$1,049
15 years$3,118$2,669$2,276$1,934$1,639$878
16 years$2,893$2,449$2,063$1,732$1,448$738
17 years$2,695$2,255$1,878$1,556$1,284$621
18 years$2,518$2,084$1,714$1,402$1,142$524
19 years$2,361$1,931$1,569$1,267$1,018$443
20 years$2,219$1,795$1,440$1,148$909$375
21 years$2,091$1,672$1,325$1,042$814$318
22 years$1,975$1,560$1,221$947$729$269
23 years$1,869$1,459$1,127$862$655$229
24 years$1,773$1,367$1,042$787$588$194
25 years$1,684$1,283$966$718$529$165
26 years$1,602$1,206$896$657$477$140
27 years$1,526$1,135$832$601$430$119
28 years$1,455$1,070$773$551$388$101
29 years$1,390$1,009$719$505$350$86
30 years$1,329$953$670$464$317$73
31 years$1,272$901$625$426$286$63
32 years$1,219$852$583$391$259$53
33 years$1,169$807$544$360$234$45
34 years$1,123$765$508$331$212$39
35 years$1,079$726$475$305$192$33
36 years$1,037$689$445$281$174$28
37 years$998$654$416$259$158$24
38 years$961$622$390$238$143$20
39 years$926$591$365$220$130$17
40 years$893$562$342$203$118$15
41 years$861$535$321$187$107$13
42 years$831$510$301$173$97$11
43 years$803$486$283$159$88$9
44 years$776$463$265$147$80$8
45 years$750$442$249$136$72$7
46 years$725$421$234$126$66$6
47 years$702$402$220$116$60$5
48 years$680$384$206$107$54$4
49 years$658$366$194$99$49$4
50 years$638$350$182$92$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $653,000, adding $6,822 every year, while hoping to spend $51,995 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: 60/11/29 Blend
53$653,000$653,000$653,000$653,000
54$726,643$692,034$681,912$764,152
55$745,438$670,621$649,434$769,133
56$764,408$646,417$614,125$768,433
57$783,515$619,229$575,836$766,591
58$802,717$588,854$534,410$763,508
59$821,965$555,079$489,683$759,078
60$841,203$517,676$441,486$753,188
61$860,369$476,405$389,639$745,714
62$879,391$431,013$333,955$736,524
63$898,187$381,231$274,242$725,476
64$916,668$326,777$210,294$712,416
65$934,729$267,350$141,901$697,179
66$952,257$202,636$68,840$679,584
67$969,121$132,299$0$659,440
68$985,178$55,988$0$639,363
69$1,000,263$0$0$639,217
70$1,014,198$0$0$640,742
71$1,026,779$0$0$648,120
72$1,037,781$0$0$654,425
73$1,046,952$0$0$659,489
74$1,054,014$0$0$663,126
75$1,058,654$0$0$665,130
76$1,060,527$0$0$665,271
77$1,059,249$0$0$663,293
78$1,054,393$0$0$658,914
79$1,045,485$0$0$651,819
80$1,032,000$0$0$641,660
81$1,013,356$0$0$628,051
82$988,907$0$0$610,563
83$957,938$0$0$588,722
84$919,658$0$0$562,004
85$873,189$0$0$529,828
86$817,561$0$0$491,550
87$751,702$0$0$446,459
88$674,424$0$0$393,770
89$584,414$0$0$332,613
90$480,221$0$0$262,025
91$360,240$0$0$180,946
92$222,699$0$0$88,200
93$65,638$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0