Can I retire at age 55 with 654,000?

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 $654,000?

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$54,007$53,526$53,056$52,598$52,151$50,644
2 years$26,736$26,238$25,755$25,288$24,834$23,327
3 years$17,647$17,147$16,666$16,202$15,756$14,297
4 years$13,103$12,605$12,128$11,673$11,237$9,838
5 years$10,378$9,882$9,412$8,966$8,542$7,206
6 years$8,561$8,070$7,606$7,170$6,759$5,487
7 years$7,265$6,777$6,321$5,895$5,497$4,289
8 years$6,292$5,809$5,361$4,945$4,560$3,415
9 years$5,537$5,058$4,617$4,212$3,840$2,758
10 years$4,932$4,458$4,025$3,631$3,272$2,251
11 years$4,438$3,969$3,544$3,160$2,814$1,852
12 years$4,027$3,562$3,145$2,772$2,439$1,533
13 years$3,679$3,219$2,810$2,447$2,127$1,276
14 years$3,381$2,926$2,525$2,172$1,864$1,067
15 years$3,123$2,673$2,279$1,937$1,641$895
16 years$2,897$2,453$2,067$1,735$1,451$753
17 years$2,699$2,259$1,881$1,558$1,286$635
18 years$2,522$2,087$1,717$1,404$1,144$537
19 years$2,365$1,934$1,572$1,269$1,019$454
20 years$2,223$1,797$1,442$1,149$911$385
21 years$2,095$1,674$1,327$1,043$815$327
22 years$1,978$1,563$1,223$948$730$277
23 years$1,872$1,462$1,129$864$656$236
24 years$1,775$1,370$1,044$788$589$200
25 years$1,686$1,285$967$719$530$171
26 years$1,604$1,208$897$658$478$145
27 years$1,528$1,137$833$602$431$124
28 years$1,458$1,071$774$552$389$105
29 years$1,392$1,011$720$506$351$90
30 years$1,331$954$671$464$317$77
31 years$1,274$902$626$426$287$65
32 years$1,221$854$584$392$259$56
33 years$1,171$808$545$360$235$48
34 years$1,124$766$509$332$212$41
35 years$1,080$727$476$305$192$35
36 years$1,039$690$445$281$174$30
37 years$999$655$417$259$158$25
38 years$962$623$390$239$143$22
39 years$927$592$366$220$130$18
40 years$894$563$343$203$118$16
41 years$863$536$321$187$107$13
42 years$833$511$302$173$97$11
43 years$804$487$283$160$88$10
44 years$777$464$266$147$80$8
45 years$751$442$249$136$73$7
46 years$727$422$234$126$66$6
47 years$703$403$220$116$60$5
48 years$681$384$207$107$54$4
49 years$659$367$194$99$49$4
50 years$639$351$183$92$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $654,000, adding $2,545 every year, while hoping to spend $38,305 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: 67/27/6 Blend
54$654,000$654,000$654,000$654,000
55$723,333$688,671$678,534$770,975
56$756,357$681,660$660,509$795,880
57$791,465$673,021$640,596$818,227
58$828,830$662,635$618,691$841,626
59$868,641$650,374$594,687$866,173
60$911,103$636,103$568,470$891,974
61$956,443$619,679$539,921$919,150
62$1,004,908$600,951$508,917$947,832
63$1,056,770$579,760$475,327$978,169
64$1,112,328$555,935$439,017$1,010,323
65$1,171,906$529,297$399,846$1,044,476
66$1,235,865$499,657$357,665$1,080,830
67$1,304,597$466,813$312,320$1,119,610
68$1,378,533$430,555$263,650$1,161,064
69$1,458,149$390,657$211,488$1,205,468
70$1,543,964$346,883$155,656$1,253,129
71$1,636,550$298,982$95,973$1,304,386
72$1,736,535$246,690$32,245$1,359,618
73$1,844,611$189,726$0$1,419,242
74$1,961,535$127,797$0$1,486,012
75$2,088,142$60,589$0$1,560,504
76$2,225,348$0$0$1,641,235
77$2,374,162$0$0$1,732,485
78$2,535,693$0$0$1,851,105
79$2,711,160$0$0$1,979,994
80$2,901,904$0$0$2,120,143
81$3,109,402$0$0$2,272,640
82$3,335,278$0$0$2,438,683
83$3,581,317$0$0$2,619,592
84$3,849,486$0$0$2,816,815
85$4,141,948$0$0$3,031,952
86$4,461,086$0$0$3,266,758
87$4,809,521$0$0$3,523,170
88$5,190,139$0$0$3,803,317
89$5,606,116$0$0$4,109,543
90$6,060,950$0$0$4,444,430
91$6,558,492$0$0$4,810,821
92$7,102,982$0$0$5,211,845
93$7,699,089$0$0$5,650,949
94$8,351,955$0$0$6,131,927
95$9,067,240$0$0$6,658,960
96$9,851,182$0$0$7,236,649
97$10,710,647$0$0$7,870,065
98$11,653,198$0$0$8,564,790
99$12,687,167$0$0$9,326,975
100$13,821,729$0$0$10,163,393