Can I retire at age 54 with 655,000?

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 $655,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$54,089$53,607$53,137$52,679$52,231$51,685
2 years$26,777$26,278$25,795$25,326$24,872$24,322
3 years$17,674$17,173$16,691$16,227$15,780$15,244
4 years$13,123$12,624$12,147$11,690$11,254$10,735
5 years$10,394$9,897$9,426$8,979$8,555$8,055
6 years$8,575$8,082$7,618$7,181$6,769$6,289
7 years$7,276$6,787$6,331$5,904$5,505$5,045
8 years$6,302$5,818$5,369$4,953$4,567$4,126
9 years$5,545$5,066$4,624$4,218$3,846$3,425
10 years$4,940$4,465$4,031$3,636$3,277$2,875
11 years$4,445$3,975$3,549$3,165$2,819$2,435
12 years$4,033$3,568$3,150$2,776$2,442$2,077
13 years$3,684$3,224$2,814$2,451$2,130$1,783
14 years$3,386$2,931$2,529$2,175$1,867$1,538
15 years$3,128$2,677$2,283$1,940$1,644$1,332
16 years$2,902$2,456$2,070$1,737$1,453$1,157
17 years$2,703$2,262$1,883$1,561$1,288$1,009
18 years$2,526$2,090$1,719$1,407$1,145$881
19 years$2,368$1,937$1,574$1,271$1,021$772
20 years$2,226$1,800$1,445$1,151$912$677
21 years$2,098$1,677$1,329$1,045$816$595
22 years$1,981$1,565$1,225$950$731$523
23 years$1,875$1,464$1,131$865$657$461
24 years$1,778$1,372$1,046$789$590$407
25 years$1,689$1,287$969$721$531$359
26 years$1,606$1,210$898$659$478$317
27 years$1,530$1,139$834$603$431$280
28 years$1,460$1,073$775$553$389$248
29 years$1,394$1,012$722$507$351$219
30 years$1,333$956$672$465$318$194
31 years$1,276$904$627$427$287$172
32 years$1,223$855$585$392$260$153
33 years$1,173$810$546$361$235$135
34 years$1,126$767$510$332$213$120
35 years$1,082$728$477$306$193$106
36 years$1,040$691$446$282$175$94
37 years$1,001$656$418$259$158$84
38 years$964$624$391$239$143$74
39 years$929$593$366$220$130$66
40 years$895$564$343$203$118$59
41 years$864$537$322$188$107$52
42 years$834$511$302$173$97$46
43 years$805$487$283$160$88$41
44 years$778$464$266$148$80$36
45 years$752$443$250$136$73$32
46 years$728$423$235$126$66$29
47 years$704$403$220$116$60$26
48 years$682$385$207$107$54$23
49 years$660$368$195$99$49$20
50 years$640$351$183$92$45$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $655,000, adding $6,141 every year, while hoping to spend $35,027 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: 42/43/15 Blend
53$655,000$655,000$655,000$655,000
54$728,144$693,429$683,277$755,288
55$765,147$690,139$668,898$771,707
56$804,749$685,513$652,864$785,545
57$847,180$679,450$635,082$799,776
58$892,690$671,841$615,454$814,450
59$941,554$662,570$593,881$829,629
60$994,072$651,516$570,256$845,380
61$1,050,577$638,550$544,469$861,781
62$1,111,431$623,534$516,404$878,920
63$1,177,034$606,324$485,940$896,898
64$1,247,823$586,766$452,951$915,830
65$1,324,281$564,697$417,305$935,844
66$1,406,937$539,947$378,864$957,088
67$1,496,373$512,332$337,484$979,725
68$1,593,228$481,661$293,015$1,003,942
69$1,698,205$447,730$245,299$1,029,948
70$1,812,077$410,325$194,172$1,057,979
71$1,935,695$369,217$139,463$1,088,300
72$2,069,994$324,167$80,993$1,121,207
73$2,216,003$274,920$18,575$1,157,032
74$2,374,853$221,208$0$1,196,149
75$2,547,789$162,749$0$1,246,664
76$2,736,181$99,241$0$1,305,025
77$2,941,538$30,371$0$1,368,813
78$3,165,519$0$0$1,438,645
79$3,409,950$0$0$1,536,120
80$3,676,842$0$0$1,658,321
81$3,968,408$0$0$1,791,900
82$4,287,084$0$0$1,937,984
83$4,635,553$0$0$2,097,812
84$5,016,768$0$0$2,272,751
85$5,433,982$0$0$2,464,304
86$5,890,774$0$0$2,674,127
87$6,391,089$0$0$2,904,043
88$6,939,268$0$0$3,156,061
89$7,540,096$0$0$3,432,393
90$8,198,837$0$0$3,735,475
91$8,921,295$0$0$4,067,990
92$9,713,857$0$0$4,432,894
93$10,583,563$0$0$4,833,442
94$11,538,164$0$0$5,273,220
95$12,586,199$0$0$5,756,179
96$13,737,074$0$0$6,286,670
97$15,001,152$0$0$6,869,487
98$16,389,847$0$0$7,509,910
99$17,915,734$0$0$8,213,759
100$19,592,667$0$0$8,987,442