Can I retire at age 54 with 673,000?

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 $673,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$55,576$55,081$54,598$54,126$53,666$52,263
2 years$27,513$27,000$26,504$26,022$25,555$24,151
3 years$18,160$17,645$17,150$16,673$16,213$14,852
4 years$13,484$12,971$12,481$12,012$11,563$10,256
5 years$10,679$10,169$9,685$9,226$8,790$7,540
6 years$8,810$8,304$7,827$7,378$6,956$5,763
7 years$7,476$6,974$6,504$6,066$5,657$4,523
8 years$6,475$5,978$5,516$5,089$4,693$3,617
9 years$5,697$5,205$4,751$4,334$3,952$2,933
10 years$5,076$4,588$4,142$3,736$3,367$2,404
11 years$4,567$4,084$3,647$3,252$2,896$1,986
12 years$4,144$3,666$3,236$2,852$2,510$1,653
13 years$3,786$3,313$2,891$2,518$2,188$1,382
14 years$3,479$3,011$2,598$2,235$1,918$1,161
15 years$3,214$2,751$2,346$1,993$1,689$979
16 years$2,982$2,524$2,127$1,785$1,493$828
17 years$2,777$2,324$1,935$1,604$1,324$701
18 years$2,596$2,148$1,767$1,445$1,177$596
19 years$2,433$1,991$1,617$1,306$1,049$507
20 years$2,287$1,850$1,484$1,183$937$432
21 years$2,155$1,723$1,365$1,073$838$368
22 years$2,036$1,608$1,258$976$752$315
23 years$1,927$1,504$1,162$889$675$269
24 years$1,827$1,409$1,074$811$606$230
25 years$1,735$1,323$995$740$546$197
26 years$1,651$1,243$923$677$492$169
27 years$1,572$1,170$857$620$443$144
28 years$1,500$1,102$797$568$400$124
29 years$1,433$1,040$741$521$361$106
30 years$1,370$982$691$478$326$91
31 years$1,311$928$644$439$295$78
32 years$1,257$878$601$403$267$67
33 years$1,205$832$561$371$241$57
34 years$1,157$788$524$341$219$49
35 years$1,112$748$490$314$198$42
36 years$1,069$710$458$289$179$36
37 years$1,029$674$429$267$163$31
38 years$990$641$402$246$147$27
39 years$954$609$376$227$134$23
40 years$920$580$353$209$121$20
41 years$888$552$331$193$110$17
42 years$857$525$310$178$100$15
43 years$828$501$291$164$91$13
44 years$800$477$273$152$82$11
45 years$773$455$257$140$75$9
46 years$748$434$241$129$68$8
47 years$723$414$226$120$62$7
48 years$700$396$213$110$56$6
49 years$678$378$200$102$51$5
50 years$657$361$188$94$46$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $673,000, adding $5,258 every year, while hoping to spend $35,507 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: 21/49/30 Blend
53$673,000$673,000$673,000$673,000
54$747,070$711,401$700,969$755,588
55$785,492$708,480$686,672$760,943
56$826,642$704,226$670,707$763,396
57$870,763$698,537$652,979$765,253
58$918,118$691,302$633,390$766,490
59$968,997$682,407$611,840$767,083
60$1,023,719$671,729$588,220$767,009
61$1,082,632$659,137$562,420$766,249
62$1,146,121$644,496$534,322$764,783
63$1,214,608$627,658$503,803$762,598
64$1,288,554$608,470$470,738$759,680
65$1,368,471$586,769$434,991$756,024
66$1,454,916$562,382$396,424$751,626
67$1,548,504$535,125$354,892$746,490
68$1,649,912$504,807$310,241$740,625
69$1,759,882$471,222$262,313$734,051
70$1,879,233$434,154$210,943$726,792
71$2,008,862$393,375$155,957$718,887
72$2,149,758$348,643$97,174$710,383
73$2,303,010$299,703$34,406$701,344
74$2,469,814$246,285$0$691,845
75$2,651,487$188,105$0$692,412
76$2,849,477$124,861$0$705,159
77$3,065,380$56,235$0$719,268
78$3,300,950$0$0$734,971
79$3,558,120$0$0$762,297
80$3,839,016$0$0$825,377
81$4,145,980$0$0$894,429
82$4,481,589$0$0$970,047
83$4,848,680$0$0$1,052,886
84$5,250,379$0$0$1,143,667
85$5,690,125$0$0$1,243,185
86$6,171,708$0$0$1,352,314
87$6,699,301$0$0$1,472,017
88$7,277,497$0$0$1,603,356
89$7,911,357$0$0$1,747,498
90$8,606,456$0$0$1,905,732
91$9,368,930$0$0$2,079,476
92$10,205,543$0$0$2,270,292
93$11,123,741$0$0$2,479,899
94$12,131,728$0$0$2,710,196
95$13,238,540$0$0$2,963,268
96$14,454,133$0$0$3,241,418
97$15,789,472$0$0$3,547,180
98$17,256,638$0$0$3,883,347
99$18,868,939$0$0$4,252,995
100$20,641,036$0$0$4,659,514