Can I retire at age 54 with 670,000?

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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$55,328$54,835$54,354$53,885$53,427$51,717
2 years$27,390$26,880$26,386$25,906$25,441$23,734
3 years$18,079$17,566$17,073$16,598$16,141$14,490
4 years$13,424$12,913$12,425$11,958$11,512$9,930
5 years$10,632$10,124$9,642$9,185$8,751$7,243
6 years$8,771$8,267$7,792$7,345$6,924$5,491
7 years$7,442$6,943$6,476$6,039$5,631$4,273
8 years$6,446$5,951$5,492$5,066$4,672$3,387
9 years$5,672$5,182$4,730$4,315$3,934$2,721
10 years$5,053$4,567$4,124$3,720$3,352$2,210
11 years$4,547$4,066$3,630$3,237$2,883$1,809
12 years$4,125$3,649$3,222$2,839$2,498$1,490
13 years$3,769$3,298$2,879$2,507$2,179$1,233
14 years$3,464$2,998$2,586$2,225$1,910$1,025
15 years$3,199$2,739$2,335$1,985$1,682$855
16 years$2,968$2,513$2,117$1,777$1,486$715
17 years$2,765$2,314$1,927$1,597$1,318$600
18 years$2,584$2,138$1,759$1,439$1,172$504
19 years$2,422$1,982$1,610$1,300$1,044$424
20 years$2,277$1,841$1,478$1,178$933$357
21 years$2,146$1,715$1,359$1,069$835$301
22 years$2,027$1,601$1,253$972$748$254
23 years$1,918$1,497$1,157$885$672$215
24 years$1,819$1,403$1,070$807$604$181
25 years$1,727$1,317$991$737$543$153
26 years$1,643$1,237$919$674$489$130
27 years$1,565$1,165$853$617$441$110
28 years$1,493$1,097$793$565$398$93
29 years$1,426$1,035$738$518$359$79
30 years$1,364$978$688$476$325$67
31 years$1,306$924$641$437$294$57
32 years$1,251$875$598$401$266$48
33 years$1,200$828$558$369$240$41
34 years$1,152$785$522$340$218$34
35 years$1,107$745$488$313$197$29
36 years$1,064$707$456$288$179$25
37 years$1,024$671$427$265$162$21
38 years$986$638$400$245$147$18
39 years$950$607$375$226$133$15
40 years$916$577$351$208$121$13
41 years$884$549$329$192$110$11
42 years$853$523$309$177$99$9
43 years$824$498$290$163$90$8
44 years$796$475$272$151$82$7
45 years$770$453$255$139$74$6
46 years$744$432$240$129$67$5
47 years$720$412$225$119$61$4
48 years$697$394$212$110$56$3
49 years$675$376$199$102$51$3
50 years$654$359$187$94$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $670,000, adding $5,018 every year, while hoping to spend $27,393 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: 60/20/20 Blend
53$670,000$670,000$670,000$670,000
54$743,516$708,006$697,621$783,949
55$790,209$713,552$691,845$817,458
56$840,746$718,452$684,958$850,549
57$895,491$722,646$676,893$886,033
58$954,843$726,067$667,581$924,146
59$1,019,242$728,649$656,950$965,148
60$1,089,170$730,318$644,923$1,009,330
61$1,165,158$730,997$631,421$1,057,008
62$1,247,791$730,603$616,360$1,108,535
63$1,337,712$729,049$599,655$1,164,301
64$1,435,629$726,242$581,213$1,224,734
65$1,542,319$722,084$560,940$1,290,309
66$1,658,640$716,470$538,736$1,361,550
67$1,785,534$709,290$514,496$1,439,036
68$1,924,039$700,426$488,112$1,523,406
69$2,075,298$689,753$459,471$1,615,366
70$2,240,567$677,141$428,453$1,715,695
71$2,421,233$662,448$394,933$1,825,253
72$2,618,818$645,528$358,783$1,944,992
73$2,835,002$626,223$319,866$2,075,959
74$3,071,631$604,367$278,042$2,219,312
75$3,330,742$579,786$233,161$2,376,331
76$3,614,575$552,293$185,069$2,548,426
77$3,925,599$521,691$133,605$2,737,153
78$4,266,530$487,774$78,601$2,944,233
79$4,640,362$450,322$19,881$3,171,562
80$5,050,393$409,101$0$3,421,232
81$5,500,253$363,868$0$3,704,686
82$5,993,943$314,361$0$4,020,462
83$6,535,868$260,308$0$4,367,169
84$7,130,882$201,418$0$4,747,954
85$7,784,330$137,386$0$5,166,289
86$8,502,102$67,888$0$5,625,999
87$9,290,686$0$0$6,131,302
88$10,157,228$0$0$6,688,480
89$11,109,602$0$0$7,317,324
90$12,156,484$0$0$8,008,629
91$13,307,428$0$0$8,768,713
92$14,572,966$0$0$9,604,536
93$15,964,695$0$0$10,523,768
94$17,495,398$0$0$11,534,858
95$19,179,155$0$0$12,647,115
96$21,031,480$0$0$13,870,797
97$23,069,469$0$0$15,217,206
98$25,311,955$0$0$16,698,793
99$27,779,690$0$0$18,329,280
100$30,495,541$0$0$20,123,783