Can I retire at age 54 with 664,000?

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 $664,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$54,832$54,344$53,868$53,402$52,948$51,460
2 years$27,145$26,639$26,149$25,674$25,213$23,725
3 years$17,917$17,409$16,920$16,450$15,996$14,555
4 years$13,304$12,797$12,314$11,851$11,409$10,025
5 years$10,537$10,033$9,556$9,103$8,673$7,351
6 years$8,692$8,193$7,723$7,280$6,862$5,603
7 years$7,376$6,880$6,418$5,985$5,581$4,385
8 years$6,389$5,898$5,443$5,021$4,630$3,496
9 years$5,621$5,135$4,688$4,276$3,899$2,826
10 years$5,008$4,526$4,087$3,686$3,322$2,309
11 years$4,506$4,030$3,598$3,208$2,857$1,902
12 years$4,088$3,617$3,193$2,814$2,476$1,578
13 years$3,735$3,268$2,853$2,484$2,159$1,315
14 years$3,433$2,971$2,563$2,205$1,893$1,101
15 years$3,171$2,714$2,314$1,967$1,666$925
16 years$2,942$2,490$2,098$1,761$1,473$779
17 years$2,740$2,293$1,909$1,582$1,306$658
18 years$2,561$2,119$1,743$1,426$1,161$557
19 years$2,401$1,964$1,596$1,288$1,035$472
20 years$2,257$1,825$1,464$1,167$924$401
21 years$2,127$1,700$1,347$1,059$827$340
22 years$2,009$1,587$1,241$963$742$290
23 years$1,901$1,484$1,146$877$666$246
24 years$1,802$1,390$1,060$800$598$210
25 years$1,712$1,305$982$730$538$179
26 years$1,628$1,226$911$668$485$153
27 years$1,551$1,154$846$611$437$130
28 years$1,480$1,088$786$560$395$111
29 years$1,413$1,026$732$514$356$95
30 years$1,352$969$681$471$322$81
31 years$1,294$916$635$433$291$69
32 years$1,240$867$593$398$263$59
33 years$1,189$821$553$366$238$51
34 years$1,142$778$517$337$216$43
35 years$1,097$738$483$310$195$37
36 years$1,055$700$452$285$177$32
37 years$1,015$665$423$263$160$27
38 years$977$632$396$242$145$23
39 years$942$601$371$223$132$20
40 years$908$572$348$206$120$17
41 years$876$544$326$190$109$14
42 years$845$518$306$176$98$12
43 years$816$494$287$162$89$11
44 years$789$471$270$150$81$9
45 years$763$449$253$138$74$8
46 years$738$428$238$128$67$7
47 years$714$409$223$118$61$6
48 years$691$390$210$109$55$5
49 years$669$373$197$101$50$4
50 years$648$356$186$93$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $664,000, adding $5,707 every year, while hoping to spend $33,364 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: 39/39/22 Blend
53$664,000$664,000$664,000$664,000
54$737,615$702,423$692,131$761,360
55$777,352$701,342$679,818$777,939
56$820,025$699,091$665,975$792,284
57$865,897$695,576$650,514$807,122
58$915,258$690,698$633,346$822,517
59$968,427$684,355$614,375$838,540
60$1,025,752$676,435$593,503$855,276
61$1,087,620$666,821$570,626$872,817
62$1,154,451$655,388$545,636$891,269
63$1,226,709$642,007$518,419$910,754
64$1,304,904$626,536$488,857$931,405
65$1,389,598$608,829$456,827$953,376
66$1,481,405$588,730$422,199$976,837
67$1,581,003$566,073$384,837$1,001,983
68$1,689,138$540,684$344,602$1,029,029
69$1,806,630$512,376$301,346$1,058,220
70$1,934,379$480,956$254,914$1,089,827
71$2,073,378$446,215$205,146$1,124,155
72$2,224,719$407,936$151,874$1,161,547
73$2,389,601$365,886$94,923$1,202,384
74$2,569,348$319,821$34,110$1,247,092
75$2,765,412$269,484$0$1,296,148
76$2,979,396$214,601$0$1,357,311
77$3,213,062$154,883$0$1,432,959
78$3,468,349$90,028$0$1,515,787
79$3,747,394$19,712$0$1,606,580
80$4,052,547$0$0$1,706,210
81$4,386,398$0$0$1,839,848
82$4,751,797$0$0$1,995,461
83$5,151,883$0$0$2,165,937
84$5,590,113$0$0$2,352,760
85$6,070,294$0$0$2,557,565
86$6,596,618$0$0$2,782,152
87$7,173,703$0$0$3,028,504
88$7,806,633$0$0$3,298,804
89$8,501,011$0$0$3,595,459
90$9,263,005$0$0$3,921,119
91$10,099,411$0$0$4,278,702
92$11,017,716$0$0$4,671,423
93$12,026,165$0$0$5,102,826
94$13,133,843$0$0$5,576,811
95$14,350,755$0$0$6,097,679
96$15,687,925$0$0$6,670,163
97$17,157,499$0$0$7,299,483
98$18,772,856$0$0$7,991,385
99$20,548,736$0$0$8,752,203
100$22,501,379$0$0$9,588,914