Can I retire at age 54 with 666,000?

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 $666,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$54,998$54,508$54,030$53,563$53,108$51,573
2 years$27,227$26,719$26,228$25,752$25,289$23,755
3 years$17,971$17,461$16,971$16,499$16,045$14,559
4 years$13,344$12,836$12,351$11,887$11,443$10,018
5 years$10,568$10,064$9,585$9,130$8,699$7,338
6 years$8,719$8,218$7,746$7,302$6,883$5,587
7 years$7,398$6,901$6,437$6,003$5,598$4,367
8 years$6,408$5,916$5,459$5,036$4,644$3,478
9 years$5,638$5,151$4,702$4,289$3,911$2,808
10 years$5,023$4,540$4,099$3,697$3,332$2,292
11 years$4,520$4,042$3,609$3,218$2,866$1,886
12 years$4,101$3,628$3,203$2,823$2,483$1,561
13 years$3,746$3,278$2,861$2,492$2,166$1,300
14 years$3,443$2,980$2,571$2,212$1,898$1,087
15 years$3,180$2,722$2,321$1,973$1,672$912
16 years$2,951$2,498$2,105$1,766$1,477$767
17 years$2,748$2,300$1,915$1,587$1,310$647
18 years$2,569$2,125$1,748$1,430$1,165$546
19 years$2,408$1,970$1,600$1,292$1,038$462
20 years$2,264$1,830$1,469$1,170$927$392
21 years$2,133$1,705$1,351$1,062$830$333
22 years$2,015$1,592$1,245$966$744$282
23 years$1,907$1,489$1,150$880$668$240
24 years$1,808$1,395$1,063$802$600$204
25 years$1,717$1,309$985$733$540$174
26 years$1,633$1,230$913$670$486$148
27 years$1,556$1,158$848$613$439$126
28 years$1,484$1,091$788$562$396$107
29 years$1,418$1,029$734$515$357$92
30 years$1,356$972$683$473$323$78
31 years$1,298$919$637$434$292$67
32 years$1,244$869$594$399$264$57
33 years$1,193$823$555$367$239$48
34 years$1,145$780$519$338$216$41
35 years$1,100$740$485$311$196$35
36 years$1,058$702$454$286$178$30
37 years$1,018$667$425$264$161$26
38 years$980$634$398$243$146$22
39 years$944$603$372$224$132$19
40 years$911$574$349$207$120$16
41 years$878$546$327$191$109$14
42 years$848$520$307$176$99$12
43 years$819$495$288$163$90$10
44 years$791$472$270$150$81$8
45 years$765$450$254$139$74$7
46 years$740$430$239$128$67$6
47 years$716$410$224$118$61$5
48 years$693$391$211$109$55$5
49 years$671$374$198$101$50$4
50 years$650$357$186$93$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $666,000, adding $2,494 every year, while hoping to spend $48,703 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: 71/6/23 Blend
53$666,000$666,000$666,000$666,000
54$736,505$701,207$690,884$784,403
55$759,808$683,746$662,209$799,239
56$783,857$663,798$630,941$809,502
57$808,675$641,188$596,941$819,555
58$834,287$615,734$560,067$829,372
59$860,720$587,241$520,165$838,925
60$888,002$555,504$477,079$848,184
61$916,160$520,306$430,643$857,121
62$945,225$481,416$380,685$865,702
63$975,225$438,594$327,026$873,893
64$1,006,194$391,581$269,477$881,659
65$1,038,164$340,106$207,842$888,961
66$1,071,168$283,883$141,917$895,760
67$1,105,244$222,609$71,487$902,014
68$1,140,426$155,965$0$907,678
69$1,176,755$83,612$0$913,608
70$1,214,269$5,194$0$937,635
71$1,253,010$0$0$962,204
72$1,293,022$0$0$992,584
73$1,334,349$0$0$1,024,317
74$1,377,039$0$0$1,057,098
75$1,421,141$0$0$1,090,964
76$1,466,706$0$0$1,125,955
77$1,513,788$0$0$1,162,111
78$1,562,443$0$0$1,199,477
79$1,612,730$0$0$1,238,098
80$1,664,709$0$0$1,278,020
81$1,718,447$0$0$1,319,294
82$1,774,009$0$0$1,361,972
83$1,831,468$0$0$1,406,108
84$1,890,897$0$0$1,451,760
85$1,952,376$0$0$1,498,990
86$2,015,987$0$0$1,547,860
87$2,081,817$0$0$1,598,437
88$2,149,958$0$0$1,650,794
89$2,220,506$0$0$1,705,004
90$2,293,566$0$0$1,761,148
91$2,369,244$0$0$1,819,308
92$2,447,656$0$0$1,879,574
93$2,528,923$0$0$1,942,041
94$2,613,175$0$0$2,006,808
95$2,700,550$0$0$2,073,981
96$2,791,193$0$0$2,143,674
97$2,885,260$0$0$2,216,007
98$2,982,917$0$0$2,291,109
99$3,084,341$0$0$2,369,117
100$3,189,720$0$0$2,450,178