Can I retire at age 54 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$54,502$54,017$53,543$53,081$52,629$52,342
2 years$26,981$26,479$25,992$25,520$25,062$24,771
3 years$17,809$17,304$16,818$16,351$15,900$15,616
4 years$13,224$12,720$12,239$11,780$11,340$11,065
5 years$10,473$9,973$9,498$9,048$8,621$8,355
6 years$8,640$8,144$7,676$7,236$6,821$6,565
7 years$7,331$6,839$6,379$5,949$5,547$5,301
8 years$6,350$5,862$5,410$4,990$4,602$4,366
9 years$5,587$5,104$4,659$4,251$3,876$3,649
10 years$4,977$4,499$4,062$3,664$3,302$3,085
11 years$4,479$4,005$3,576$3,189$2,840$2,633
12 years$4,064$3,595$3,174$2,797$2,461$2,263
13 years$3,713$3,249$2,836$2,469$2,146$1,957
14 years$3,412$2,953$2,548$2,192$1,881$1,701
15 years$3,152$2,698$2,300$1,955$1,656$1,485
16 years$2,924$2,475$2,086$1,750$1,464$1,301
17 years$2,723$2,279$1,898$1,573$1,298$1,144
18 years$2,545$2,106$1,732$1,417$1,154$1,008
19 years$2,386$1,952$1,586$1,281$1,029$890
20 years$2,243$1,814$1,456$1,160$919$788
21 years$2,114$1,690$1,339$1,053$822$698
22 years$1,996$1,577$1,234$957$737$620
23 years$1,889$1,475$1,139$872$662$551
24 years$1,792$1,382$1,054$795$595$491
25 years$1,702$1,297$976$726$535$437
26 years$1,619$1,219$905$664$482$390
27 years$1,542$1,147$840$608$435$348
28 years$1,471$1,081$781$557$392$311
29 years$1,405$1,020$727$511$354$278
30 years$1,343$963$677$469$320$248
31 years$1,286$910$631$430$289$222
32 years$1,232$861$589$395$262$199
33 years$1,182$816$550$364$237$178
34 years$1,135$773$514$335$214$159
35 years$1,090$733$480$308$194$143
36 years$1,048$696$449$284$176$128
37 years$1,009$661$421$261$159$115
38 years$971$628$394$241$145$103
39 years$936$597$369$222$131$92
40 years$902$568$346$205$119$83
41 years$871$541$324$189$108$74
42 years$840$515$304$174$98$67
43 years$812$491$286$161$89$60
44 years$784$468$268$149$81$54
45 years$758$446$252$137$73$48
46 years$733$426$236$127$66$43
47 years$710$406$222$117$60$39
48 years$687$388$209$108$55$35
49 years$665$370$196$100$50$31
50 years$644$354$184$93$45$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $660,000, adding $3,285 every year, while hoping to spend $32,158 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: 60/27/13 Blend
53$660,000$660,000$660,000$660,000
54$730,708$695,728$685,498$772,029
55$771,025$695,603$674,247$800,102
56$814,376$694,394$661,540$826,800
57$861,037$692,014$647,297$855,152
58$911,310$688,371$631,429$885,320
59$965,529$683,366$613,847$917,482
60$1,024,057$676,895$594,455$951,840
61$1,087,298$668,849$573,156$988,613
62$1,155,690$659,111$549,844$1,028,046
63$1,229,719$647,556$524,413$1,070,410
64$1,309,918$634,054$496,748$1,116,005
65$1,396,872$618,465$466,732$1,165,163
66$1,491,226$600,643$434,241$1,218,253
67$1,593,688$580,432$399,145$1,275,680
68$1,705,038$557,666$361,309$1,337,897
69$1,826,132$532,172$320,593$1,405,400
70$1,957,913$503,765$276,849$1,478,742
71$2,101,421$472,249$229,924$1,558,534
72$2,257,795$437,419$179,656$1,645,449
73$2,428,294$399,057$125,879$1,740,236
74$2,614,301$356,931$68,416$1,843,720
75$2,817,336$310,797$7,085$1,956,814
76$3,039,078$260,400$0$2,080,528
77$3,281,370$205,465$0$2,224,074
78$3,546,243$145,707$0$2,382,164
79$3,835,934$80,820$0$2,555,208
80$4,152,904$10,486$0$2,744,742
81$4,499,866$0$0$2,952,463
82$4,879,803$0$0$3,199,744
83$5,296,004$0$0$3,474,092
84$5,752,088$0$0$3,774,785
85$6,252,044$0$0$4,104,459
86$6,800,263$0$0$4,466,015
87$7,401,581$0$0$4,862,651
88$8,061,326$0$0$5,297,889
89$8,785,365$0$0$5,775,608
90$9,580,163$0$0$6,300,080
91$10,452,839$0$0$6,876,012
92$11,411,236$0$0$7,508,589
93$12,463,994$0$0$8,203,522
94$13,620,631$0$0$8,967,104
95$14,891,632$0$0$9,806,266
96$16,288,548$0$0$10,728,644
97$17,824,106$0$0$11,742,653
98$19,512,327$0$0$12,857,561
99$21,368,655$0$0$14,083,580
100$23,410,110$0$0$15,431,961