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%18.7%
1 years$55,328$54,835$54,354$53,885$53,427$51,552
2 years$27,390$26,880$26,386$25,906$25,441$23,572
3 years$18,079$17,566$17,073$16,598$16,141$14,336
4 years$13,424$12,913$12,425$11,958$11,512$9,785
5 years$10,632$10,124$9,642$9,185$8,751$7,107
6 years$8,771$8,267$7,792$7,345$6,924$5,364
7 years$7,442$6,943$6,476$6,039$5,631$4,155
8 years$6,446$5,951$5,492$5,066$4,672$3,278
9 years$5,672$5,182$4,730$4,315$3,934$2,621
10 years$5,053$4,567$4,124$3,720$3,352$2,117
11 years$4,547$4,066$3,630$3,237$2,883$1,724
12 years$4,125$3,649$3,222$2,839$2,498$1,413
13 years$3,769$3,298$2,879$2,507$2,179$1,163
14 years$3,464$2,998$2,586$2,225$1,910$962
15 years$3,199$2,739$2,335$1,985$1,682$798
16 years$2,968$2,513$2,117$1,777$1,486$663
17 years$2,765$2,314$1,927$1,597$1,318$553
18 years$2,584$2,138$1,759$1,439$1,172$462
19 years$2,422$1,982$1,610$1,300$1,044$386
20 years$2,277$1,841$1,478$1,178$933$323
21 years$2,146$1,715$1,359$1,069$835$271
22 years$2,027$1,601$1,253$972$748$227
23 years$1,918$1,497$1,157$885$672$191
24 years$1,819$1,403$1,070$807$604$160
25 years$1,727$1,317$991$737$543$135
26 years$1,643$1,237$919$674$489$113
27 years$1,565$1,165$853$617$441$95
28 years$1,493$1,097$793$565$398$80
29 years$1,426$1,035$738$518$359$67
30 years$1,364$978$688$476$325$57
31 years$1,306$924$641$437$294$48
32 years$1,251$875$598$401$266$40
33 years$1,200$828$558$369$240$34
34 years$1,152$785$522$340$218$28
35 years$1,107$745$488$313$197$24
36 years$1,064$707$456$288$179$20
37 years$1,024$671$427$265$162$17
38 years$986$638$400$245$147$14
39 years$950$607$375$226$133$12
40 years$916$577$351$208$121$10
41 years$884$549$329$192$110$9
42 years$853$523$309$177$99$7
43 years$824$498$290$163$90$6
44 years$796$475$272$151$82$5
45 years$770$453$255$139$74$4
46 years$744$432$240$129$67$4
47 years$720$412$225$119$61$3
48 years$697$394$212$110$56$3
49 years$675$376$199$102$51$2
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 $5,956 every year, while hoping to spend $49,008 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: 61/9/30 Blend
53$670,000$670,000$670,000$670,000
54$744,484$708,974$698,589$783,517
55$768,277$691,569$669,847$793,427
56$792,854$671,669$638,500$798,476
57$818,245$649,100$604,409$802,973
58$844,477$623,678$567,428$806,875
59$871,582$595,206$527,406$810,137
60$899,593$563,481$484,183$812,713
61$928,542$528,282$437,594$814,552
62$958,466$489,381$387,467$815,605
63$989,402$446,533$333,619$815,816
64$1,021,388$399,479$275,862$815,129
65$1,054,465$347,949$213,998$813,485
66$1,088,676$291,654$147,823$810,821
67$1,124,066$230,291$77,120$807,074
68$1,160,683$163,537$1,666$802,174
69$1,198,576$91,054$0$796,052
70$1,237,799$12,484$0$813,875
71$1,278,408$0$0$832,534
72$1,320,460$0$0$858,682
73$1,364,019$0$0$887,051
74$1,409,150$0$0$916,448
75$1,455,924$0$0$946,920
76$1,504,415$0$0$978,515
77$1,554,701$0$0$1,011,286
78$1,606,867$0$0$1,045,288
79$1,661,002$0$0$1,080,580
80$1,717,200$0$0$1,117,224
81$1,775,565$0$0$1,155,289
82$1,836,204$0$0$1,194,846
83$1,899,233$0$0$1,235,971
84$1,964,777$0$0$1,278,748
85$2,032,968$0$0$1,323,264
86$2,103,951$0$0$1,369,615
87$2,177,878$0$0$1,417,902
88$2,254,914$0$0$1,468,235
89$2,335,236$0$0$1,520,731
90$2,419,037$0$0$1,575,518
91$2,506,522$0$0$1,632,733
92$2,597,914$0$0$1,692,524
93$2,693,453$0$0$1,755,052
94$2,793,400$0$0$1,820,488
95$2,898,035$0$0$1,889,022
96$3,007,665$0$0$1,960,855
97$3,122,618$0$0$2,036,209
98$3,243,254$0$0$2,115,322
99$3,369,962$0$0$2,198,454
100$3,503,164$0$0$2,285,889