Can I retire at age 54 with 671,000?

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 $671,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$55,411$54,917$54,435$53,965$53,506$52,341
2 years$27,431$26,920$26,425$25,945$25,479$24,311
3 years$18,106$17,593$17,099$16,623$16,165$15,030
4 years$13,444$12,932$12,443$11,976$11,529$10,436
5 years$10,648$10,139$9,657$9,199$8,764$7,717
6 years$8,784$8,279$7,804$7,356$6,935$5,934
7 years$7,453$6,953$6,485$6,048$5,640$4,686
8 years$6,456$5,960$5,500$5,074$4,679$3,771
9 years$5,680$5,189$4,737$4,322$3,940$3,078
10 years$5,060$4,574$4,130$3,725$3,357$2,540
11 years$4,554$4,072$3,636$3,242$2,887$2,114
12 years$4,131$3,655$3,227$2,844$2,502$1,772
13 years$3,774$3,303$2,883$2,511$2,182$1,493
14 years$3,469$3,002$2,590$2,229$1,913$1,263
15 years$3,204$2,743$2,339$1,988$1,684$1,073
16 years$2,973$2,516$2,120$1,780$1,488$915
17 years$2,769$2,317$1,929$1,599$1,320$781
18 years$2,588$2,141$1,761$1,441$1,173$669
19 years$2,426$1,985$1,612$1,302$1,046$574
20 years$2,281$1,844$1,480$1,179$934$493
21 years$2,149$1,718$1,361$1,070$836$424
22 years$2,030$1,604$1,254$973$749$365
23 years$1,921$1,500$1,158$886$673$315
24 years$1,821$1,405$1,071$808$605$272
25 years$1,730$1,319$992$738$544$235
26 years$1,646$1,239$920$675$490$203
27 years$1,568$1,166$854$618$442$175
28 years$1,496$1,099$794$566$399$152
29 years$1,428$1,037$739$519$360$131
30 years$1,366$979$689$476$325$113
31 years$1,307$926$642$438$294$98
32 years$1,253$876$599$402$266$85
33 years$1,202$829$559$370$241$74
34 years$1,154$786$522$340$218$64
35 years$1,108$746$488$313$197$55
36 years$1,066$708$457$288$179$48
37 years$1,025$672$428$266$162$42
38 years$987$639$401$245$147$36
39 years$951$607$375$226$133$31
40 years$917$578$352$208$121$27
41 years$885$550$330$192$110$23
42 years$854$524$309$177$100$20
43 years$825$499$290$164$90$18
44 years$797$476$273$151$82$15
45 years$771$454$256$140$74$13
46 years$745$433$240$129$68$11
47 years$721$413$226$119$61$10
48 years$698$394$212$110$56$9
49 years$676$377$199$102$51$7
50 years$655$360$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 $671,000, adding $2,381 every year, while hoping to spend $56,675 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: 68/9/23 Blend
53$671,000$671,000$671,000$671,000
54$741,898$706,335$695,935$787,861
55$757,270$680,644$658,947$793,275
56$772,310$651,794$618,820$792,439
57$786,925$619,571$575,390$790,184
58$801,010$583,749$528,484$786,372
59$814,446$544,086$477,922$780,847
60$827,103$500,329$423,515$773,443
61$838,833$452,210$365,068$763,977
62$849,471$399,446$302,375$752,252
63$858,834$341,736$235,221$738,049
64$866,718$278,763$163,384$721,134
65$872,894$210,194$86,629$701,248
66$877,111$135,675$4,712$678,112
67$879,086$54,833$0$651,417
68$878,506$0$0$641,128
69$875,024$0$0$632,376
70$868,255$0$0$626,569
71$857,771$0$0$617,954
72$843,098$0$0$606,177
73$823,709$0$0$590,841
74$799,024$0$0$571,511
75$768,396$0$0$547,701
76$731,112$0$0$518,877
77$686,382$0$0$484,445
78$633,332$0$0$443,749
79$570,993$0$0$396,064
80$498,298$0$0$340,587
81$414,064$0$0$276,431
82$316,983$0$0$202,616
83$205,611$0$0$118,059
84$78,353$0$0$21,562
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0