Can I retire at age 54 with 657,000?

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 $657,000?

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$54,254$53,771$53,300$52,839$52,390$50,794
2 years$26,859$26,358$25,874$25,404$24,948$23,354
3 years$17,728$17,226$16,742$16,276$15,828$14,286
4 years$13,163$12,663$12,184$11,726$11,289$9,810
5 years$10,425$9,928$9,455$9,007$8,581$7,170
6 years$8,601$8,107$7,641$7,203$6,790$5,448
7 years$7,298$6,808$6,350$5,922$5,522$4,249
8 years$6,321$5,836$5,385$4,968$4,581$3,376
9 years$5,562$5,081$4,638$4,231$3,858$2,719
10 years$4,955$4,479$4,044$3,647$3,287$2,213
11 years$4,459$3,987$3,560$3,174$2,827$1,816
12 years$4,045$3,579$3,159$2,784$2,450$1,500
13 years$3,696$3,234$2,823$2,458$2,136$1,245
14 years$3,396$2,940$2,536$2,182$1,873$1,038
15 years$3,137$2,685$2,290$1,946$1,649$869
16 years$2,911$2,464$2,076$1,742$1,457$729
17 years$2,711$2,269$1,889$1,566$1,292$613
18 years$2,534$2,097$1,725$1,411$1,149$516
19 years$2,375$1,943$1,579$1,275$1,024$435
20 years$2,233$1,806$1,449$1,155$915$368
21 years$2,104$1,682$1,333$1,048$819$311
22 years$1,987$1,570$1,228$953$734$263
23 years$1,881$1,468$1,134$868$659$223
24 years$1,783$1,376$1,049$791$592$189
25 years$1,694$1,291$971$723$533$161
26 years$1,611$1,213$901$661$480$136
27 years$1,535$1,142$837$605$433$116
28 years$1,464$1,076$778$554$390$98
29 years$1,399$1,015$724$508$352$84
30 years$1,337$959$674$466$318$71
31 years$1,280$906$629$428$288$60
32 years$1,227$858$586$394$260$51
33 years$1,177$812$548$362$236$44
34 years$1,130$770$512$333$213$37
35 years$1,085$730$478$307$193$32
36 years$1,043$693$447$282$175$27
37 years$1,004$658$419$260$159$23
38 years$967$625$392$240$144$19
39 years$932$595$367$221$131$17
40 years$898$566$344$204$118$14
41 years$867$539$323$188$107$12
42 years$836$513$303$174$97$10
43 years$808$489$284$160$88$9
44 years$781$466$267$148$80$7
45 years$755$444$251$137$73$6
46 years$730$424$235$126$66$5
47 years$706$404$221$117$60$5
48 years$684$386$208$108$55$4
49 years$662$369$195$100$50$3
50 years$641$352$184$92$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $657,000, adding $2,842 every year, while hoping to spend $40,504 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: 40/48/12 Blend
53$657,000$657,000$657,000$657,000
54$726,946$692,125$681,941$753,310
55$757,998$682,943$661,690$763,009
56$790,860$671,953$639,403$769,290
57$825,674$659,025$614,970$775,192
58$862,595$644,019$588,273$780,699
59$901,792$626,788$559,192$785,795
60$943,450$607,176$527,600$790,470
61$987,771$585,018$493,365$794,712
62$1,034,979$560,138$456,347$798,515
63$1,085,315$532,353$416,403$801,874
64$1,139,045$501,467$373,380$804,790
65$1,196,461$467,272$327,122$807,267
66$1,257,883$429,551$277,463$809,316
67$1,323,660$388,072$224,232$810,954
68$1,394,177$342,591$167,247$812,204
69$1,469,855$292,850$106,321$813,100
70$1,551,156$238,576$41,259$813,684
71$1,638,588$179,481$0$814,009
72$1,732,709$115,260$0$817,748
73$1,834,130$45,592$0$827,248
74$1,943,524$0$0$837,344
75$2,061,629$0$0$863,955
76$2,189,256$0$0$918,801
77$2,327,297$0$0$978,194
78$2,476,733$0$0$1,042,563
79$2,638,641$0$0$1,112,383
80$2,814,205$0$0$1,188,174
81$3,004,730$0$0$1,270,509
82$3,211,648$0$0$1,360,018
83$3,436,535$0$0$1,457,394
84$3,681,125$0$0$1,563,400
85$3,947,327$0$0$1,678,876
86$4,237,239$0$0$1,804,745
87$4,553,171$0$0$1,942,022
88$4,897,667$0$0$2,091,828
89$5,273,523$0$0$2,255,393
90$5,683,820$0$0$2,434,072
91$6,131,947$0$0$2,629,359
92$6,621,638$0$0$2,842,896
93$7,157,000$0$0$3,076,492
94$7,742,557$0$0$3,332,139
95$8,383,292$0$0$3,612,030
96$9,084,687$0$0$3,918,581
97$9,852,783$0$0$4,254,450
98$10,694,231$0$0$4,622,568
99$11,616,355$0$0$5,026,159
100$12,627,222$0$0$5,468,778