Can I retire at age 54 with 670,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.5%
1 years$55,328$54,835$54,354$53,885$53,427$52,220
2 years$27,390$26,880$26,386$25,906$25,441$24,232
3 years$18,079$17,566$17,073$16,598$16,141$14,967
4 years$13,424$12,913$12,425$11,958$11,512$10,382
5 years$10,632$10,124$9,642$9,185$8,751$7,669
6 years$8,771$8,267$7,792$7,345$6,924$5,891
7 years$7,442$6,943$6,476$6,039$5,631$4,646
8 years$6,446$5,951$5,492$5,066$4,672$3,735
9 years$5,672$5,182$4,730$4,315$3,934$3,045
10 years$5,053$4,567$4,124$3,720$3,352$2,510
11 years$4,547$4,066$3,630$3,237$2,883$2,086
12 years$4,125$3,649$3,222$2,839$2,498$1,746
13 years$3,769$3,298$2,879$2,507$2,179$1,469
14 years$3,464$2,998$2,586$2,225$1,910$1,242
15 years$3,199$2,739$2,335$1,985$1,682$1,053
16 years$2,968$2,513$2,117$1,777$1,486$896
17 years$2,765$2,314$1,927$1,597$1,318$765
18 years$2,584$2,138$1,759$1,439$1,172$654
19 years$2,422$1,982$1,610$1,300$1,044$560
20 years$2,277$1,841$1,478$1,178$933$480
21 years$2,146$1,715$1,359$1,069$835$413
22 years$2,027$1,601$1,253$972$748$355
23 years$1,918$1,497$1,157$885$672$305
24 years$1,819$1,403$1,070$807$604$263
25 years$1,727$1,317$991$737$543$227
26 years$1,643$1,237$919$674$489$196
27 years$1,565$1,165$853$617$441$169
28 years$1,493$1,097$793$565$398$146
29 years$1,426$1,035$738$518$359$126
30 years$1,364$978$688$476$325$109
31 years$1,306$924$641$437$294$94
32 years$1,251$875$598$401$266$81
33 years$1,200$828$558$369$240$70
34 years$1,152$785$522$340$218$61
35 years$1,107$745$488$313$197$53
36 years$1,064$707$456$288$179$45
37 years$1,024$671$427$265$162$39
38 years$986$638$400$245$147$34
39 years$950$607$375$226$133$29
40 years$916$577$351$208$121$25
41 years$884$549$329$192$110$22
42 years$853$523$309$177$99$19
43 years$824$498$290$163$90$17
44 years$796$475$272$151$82$14
45 years$770$453$255$139$74$12
46 years$744$432$240$129$67$11
47 years$720$412$225$119$61$9
48 years$697$394$212$110$56$8
49 years$675$376$199$102$51$7
50 years$654$359$187$94$46$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $670,000, adding $4,432 every year, while hoping to spend $43,009 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: 43/41/16 Blend
53$670,000$670,000$670,000$670,000
54$742,912$707,402$697,017$771,224
55$772,927$696,303$674,605$780,457
56$804,563$683,219$650,002$785,852
57$837,939$668,007$623,087$790,777
58$873,186$650,516$593,738$795,210
59$910,445$630,586$561,822$799,126
60$949,873$608,048$527,206$802,505
61$991,640$582,722$489,747$805,326
62$1,035,930$554,418$449,297$807,572
63$1,082,947$522,937$405,700$809,227
64$1,132,913$488,066$358,796$810,278
65$1,186,069$449,580$308,415$810,715
66$1,242,682$407,243$254,381$810,534
67$1,303,041$360,804$196,508$809,734
68$1,367,466$309,998$134,606$808,320
69$1,436,305$254,545$68,473$806,304
70$1,509,940$194,150$0$803,705
71$1,588,791$128,500$0$800,912
72$1,673,317$57,266$0$810,100
73$1,764,022$0$0$819,659
74$1,861,460$0$0$838,669
75$1,966,238$0$0$886,952
76$2,079,023$0$0$938,986
77$2,200,547$0$0$995,117
78$2,331,616$0$0$1,055,724
79$2,473,111$0$0$1,121,225
80$2,626,004$0$0$1,192,079
81$2,791,363$0$0$1,268,789
82$2,970,359$0$0$1,351,910
83$3,164,283$0$0$1,442,050
84$3,374,552$0$0$1,539,881
85$3,602,726$0$0$1,646,139
86$3,850,517$0$0$1,761,634
87$4,119,814$0$0$1,887,260
88$4,412,690$0$0$2,023,996
89$4,731,427$0$0$2,172,922
90$5,078,539$0$0$2,335,227
91$5,456,787$0$0$2,512,219
92$5,869,215$0$0$2,705,335
93$6,319,169$0$0$2,916,161
94$6,810,334$0$0$3,146,440
95$7,346,766$0$0$3,398,091
96$7,932,930$0$0$3,673,229
97$8,573,741$0$0$3,974,179
98$9,274,613$0$0$4,303,504
99$10,041,503$0$0$4,664,025
100$10,880,975$0$0$5,058,848