Can I retire at age 54 with 668,000?

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 $668,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$55,163$54,671$54,192$53,724$53,267$52,755
2 years$27,308$26,800$26,307$25,829$25,365$24,849
3 years$18,025$17,514$17,022$16,549$16,093$15,589
4 years$13,384$12,875$12,388$11,923$11,478$10,990
5 years$10,600$10,094$9,613$9,158$8,725$8,255
6 years$8,745$8,242$7,769$7,323$6,904$6,452
7 years$7,420$6,922$6,456$6,021$5,615$5,181
8 years$6,427$5,933$5,475$5,051$4,658$4,242
9 years$5,655$5,166$4,716$4,302$3,923$3,525
10 years$5,038$4,554$4,111$3,709$3,342$2,963
11 years$4,533$4,054$3,620$3,228$2,874$2,513
12 years$4,113$3,639$3,212$2,831$2,491$2,146
13 years$3,758$3,288$2,870$2,499$2,172$1,845
14 years$3,453$2,989$2,579$2,219$1,904$1,593
15 years$3,190$2,730$2,328$1,979$1,677$1,381
16 years$2,959$2,505$2,111$1,772$1,482$1,202
17 years$2,756$2,307$1,921$1,592$1,314$1,049
18 years$2,576$2,132$1,753$1,435$1,168$918
19 years$2,415$1,976$1,605$1,296$1,041$805
20 years$2,270$1,836$1,473$1,174$930$707
21 years$2,139$1,710$1,355$1,065$832$622
22 years$2,021$1,596$1,249$969$746$548
23 years$1,912$1,493$1,153$882$670$484
24 years$1,813$1,399$1,066$805$602$427
25 years$1,722$1,313$988$735$542$378
26 years$1,638$1,234$916$672$488$334
27 years$1,561$1,161$851$615$440$296
28 years$1,489$1,094$791$564$397$262
29 years$1,422$1,032$736$517$358$233
30 years$1,360$975$685$474$324$206
31 years$1,302$922$639$436$293$183
32 years$1,247$872$596$400$265$162
33 years$1,196$826$557$368$240$144
34 years$1,148$783$520$339$217$128
35 years$1,103$742$486$312$197$114
36 years$1,061$705$455$287$178$101
37 years$1,021$669$426$265$161$90
38 years$983$636$399$244$146$80
39 years$947$605$374$225$133$71
40 years$913$575$350$207$120$63
41 years$881$548$328$191$109$56
42 years$850$522$308$177$99$50
43 years$821$497$289$163$90$45
44 years$794$474$271$151$82$40
45 years$767$452$255$139$74$35
46 years$742$431$239$128$67$31
47 years$718$411$225$119$61$28
48 years$695$393$211$110$55$25
49 years$673$375$199$101$50$22
50 years$652$358$187$94$46$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $668,000, adding $3,114 every year, while hoping to spend $21,499 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: 71/8/21 Blend
53$668,000$668,000$668,000$668,000
54$739,348$703,944$693,590$787,821
55$791,887$715,563$693,951$832,157
56$849,064$727,030$693,603$877,840
57$911,330$738,316$692,500$927,328
58$979,180$749,388$690,593$980,995
59$1,053,161$760,212$687,832$1,039,254
60$1,133,871$770,750$684,163$1,102,559
61$1,221,973$780,964$679,529$1,171,413
62$1,318,193$790,810$673,872$1,246,369
63$1,423,332$800,243$667,130$1,328,035
64$1,538,272$809,216$659,239$1,417,084
65$1,663,984$817,675$650,131$1,514,255
66$1,801,535$825,566$639,736$1,620,366
67$1,952,103$832,830$627,978$1,736,316
68$2,116,984$839,405$614,782$1,863,097
69$2,297,604$845,223$600,065$2,001,801
70$2,495,535$850,215$583,742$2,153,636
71$2,712,507$854,303$565,726$2,319,928
72$2,950,427$857,408$545,922$2,502,143
73$3,211,395$859,445$524,234$2,701,894
74$3,497,721$860,322$500,560$2,920,963
75$3,811,955$859,944$474,794$3,161,309
76$4,156,900$858,206$446,826$3,425,097
77$4,535,647$855,002$416,538$3,714,709
78$4,951,601$850,215$383,810$4,032,774
79$5,408,512$843,723$348,515$4,382,188
80$5,910,511$835,397$310,521$4,766,143
81$6,462,149$825,097$269,690$5,188,161
82$7,068,441$812,679$225,877$5,652,119
83$7,734,909$797,988$178,931$6,162,294
84$8,467,640$780,860$128,696$6,723,401
85$9,273,339$761,122$75,007$7,340,634
86$10,159,392$738,589$17,691$8,019,721
87$11,133,937$713,067$0$8,766,976
88$12,205,942$684,351$0$9,599,096
89$13,385,287$652,223$0$10,518,875
90$14,682,857$616,452$0$11,530,841
91$16,110,645$576,795$0$12,644,357
92$17,681,866$532,994$0$13,869,743
93$19,411,083$484,777$0$15,218,366
94$21,314,338$431,855$0$16,702,757
95$23,409,309$373,925$0$18,336,720
96$25,715,477$310,665$0$20,135,470
97$28,254,303$241,736$0$22,115,771
98$31,049,440$166,778$0$24,296,096
99$34,126,945$85,413$0$26,696,805
100$37,515,536$0$0$29,340,330