Can I retire at age 54 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%19.7%
1 years$54,007$53,526$53,056$52,598$52,151$50,121
2 years$26,736$26,238$25,755$25,288$24,834$22,814
3 years$17,647$17,147$16,666$16,202$15,756$13,808
4 years$13,103$12,605$12,128$11,673$11,237$9,377
5 years$10,378$9,882$9,412$8,966$8,542$6,775
6 years$8,561$8,070$7,606$7,170$6,759$5,086
7 years$7,265$6,777$6,321$5,895$5,497$3,917
8 years$6,292$5,809$5,361$4,945$4,560$3,072
9 years$5,537$5,058$4,617$4,212$3,840$2,441
10 years$4,932$4,458$4,025$3,631$3,272$1,960
11 years$4,438$3,969$3,544$3,160$2,814$1,585
12 years$4,027$3,562$3,145$2,772$2,439$1,290
13 years$3,679$3,219$2,810$2,447$2,127$1,055
14 years$3,381$2,926$2,525$2,172$1,864$866
15 years$3,123$2,673$2,279$1,937$1,641$713
16 years$2,897$2,453$2,067$1,735$1,451$589
17 years$2,699$2,259$1,881$1,558$1,286$487
18 years$2,522$2,087$1,717$1,404$1,144$404
19 years$2,365$1,934$1,572$1,269$1,019$335
20 years$2,223$1,797$1,442$1,149$911$278
21 years$2,095$1,674$1,327$1,043$815$232
22 years$1,978$1,563$1,223$948$730$193
23 years$1,872$1,462$1,129$864$656$160
24 years$1,775$1,370$1,044$788$589$134
25 years$1,686$1,285$967$719$530$111
26 years$1,604$1,208$897$658$478$93
27 years$1,528$1,137$833$602$431$78
28 years$1,458$1,071$774$552$389$65
29 years$1,392$1,011$720$506$351$54
30 years$1,331$954$671$464$317$45
31 years$1,274$902$626$426$287$38
32 years$1,221$854$584$392$259$31
33 years$1,171$808$545$360$235$26
34 years$1,124$766$509$332$212$22
35 years$1,080$727$476$305$192$18
36 years$1,039$690$445$281$174$15
37 years$999$655$417$259$158$13
38 years$962$623$390$239$143$11
39 years$927$592$366$220$130$9
40 years$894$563$343$203$118$7
41 years$863$536$321$187$107$6
42 years$833$511$302$173$97$5
43 years$804$487$283$160$88$4
44 years$777$464$266$147$80$4
45 years$751$442$249$136$73$3
46 years$727$422$234$126$66$3
47 years$703$403$220$116$60$2
48 years$681$384$207$107$54$2
49 years$659$367$194$99$49$1
50 years$639$351$183$92$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $654,000, adding $2,792 every year, while hoping to spend $51,701 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: 38/36/26 Blend
53$654,000$654,000$654,000$654,000
54$723,588$688,926$678,789$745,386
55$742,384$667,674$646,519$740,329
56$761,365$643,648$611,435$729,890
57$780,495$616,657$573,388$717,600
58$799,732$586,500$532,224$703,326
59$819,030$552,963$487,778$686,923
60$838,334$515,821$439,882$668,239
61$857,584$474,836$388,358$647,109
62$876,710$429,756$333,020$623,360
63$895,634$380,314$273,676$596,807
64$914,268$326,228$210,123$567,253
65$932,511$267,201$142,150$534,486
66$950,253$202,919$69,538$498,282
67$967,366$133,051$0$458,401
68$983,712$57,244$0$416,795
69$999,131$0$0$391,714
70$1,013,448$0$0$373,478
71$1,026,466$0$0$377,326
72$1,037,966$0$0$380,487
73$1,047,703$0$0$382,858
74$1,055,405$0$0$384,324
75$1,060,769$0$0$384,754
76$1,063,458$0$0$384,007
77$1,063,098$0$0$381,925
78$1,059,273$0$0$378,330
79$1,051,521$0$0$373,029
80$1,039,331$0$0$365,804
81$1,022,136$0$0$356,416
82$999,305$0$0$344,600
83$970,142$0$0$330,061
84$933,875$0$0$312,473
85$889,650$0$0$291,478
86$836,519$0$0$266,675
87$773,438$0$0$237,625
88$699,247$0$0$203,840
89$612,667$0$0$164,781
90$512,282$0$0$119,852
91$396,527$0$0$68,397
92$263,672$0$0$9,686
93$111,808$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