Can I retire at age 54 with 674,000?

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 $674,000?

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$55,658$55,163$54,679$54,207$53,746$52,532
2 years$27,554$27,040$26,543$26,061$25,593$24,377
3 years$18,187$17,671$17,175$16,697$16,237$15,056
4 years$13,504$12,990$12,499$12,030$11,581$10,444
5 years$10,695$10,184$9,700$9,240$8,803$7,715
6 years$8,823$8,316$7,839$7,389$6,966$5,926
7 years$7,487$6,984$6,514$6,075$5,665$4,674
8 years$6,485$5,987$5,525$5,096$4,700$3,757
9 years$5,706$5,212$4,758$4,341$3,958$3,063
10 years$5,083$4,595$4,148$3,742$3,372$2,525
11 years$4,574$4,090$3,652$3,257$2,900$2,099
12 years$4,150$3,671$3,241$2,856$2,513$1,756
13 years$3,791$3,318$2,896$2,522$2,192$1,478
14 years$3,484$3,016$2,602$2,239$1,921$1,249
15 years$3,218$2,755$2,349$1,996$1,692$1,060
16 years$2,986$2,528$2,130$1,788$1,495$902
17 years$2,781$2,328$1,938$1,606$1,326$769
18 years$2,599$2,151$1,769$1,447$1,179$658
19 years$2,437$1,993$1,620$1,308$1,051$563
20 years$2,291$1,852$1,486$1,185$938$483
21 years$2,159$1,725$1,367$1,075$840$415
22 years$2,039$1,611$1,260$977$753$357
23 years$1,930$1,506$1,163$890$676$307
24 years$1,830$1,411$1,076$812$607$265
25 years$1,738$1,325$997$741$546$228
26 years$1,653$1,245$924$678$492$197
27 years$1,575$1,172$858$621$444$170
28 years$1,502$1,104$798$569$400$147
29 years$1,435$1,041$743$521$362$127
30 years$1,372$984$692$479$327$109
31 years$1,313$930$645$439$295$95
32 years$1,258$880$602$404$267$82
33 years$1,207$833$562$371$242$71
34 years$1,159$790$525$342$219$61
35 years$1,113$749$491$315$198$53
36 years$1,070$711$459$290$180$46
37 years$1,030$675$430$267$163$40
38 years$992$642$402$246$148$34
39 years$956$610$377$227$134$30
40 years$921$581$353$209$121$26
41 years$889$553$331$193$110$22
42 years$858$526$311$178$100$19
43 years$829$501$292$164$91$17
44 years$801$478$274$152$82$14
45 years$774$456$257$140$75$12
46 years$749$435$241$130$68$11
47 years$725$415$227$120$62$9
48 years$701$396$213$111$56$8
49 years$679$378$200$102$51$7
50 years$658$361$188$94$46$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $674,000, adding $5,183 every year, while hoping to spend $33,466 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: 49/35/16 Blend
53$674,000$674,000$674,000$674,000
54$748,094$712,372$701,925$781,186
55$788,792$711,671$689,832$803,874
56$832,520$709,814$676,212$824,633
57$879,551$706,708$660,979$846,454
58$930,185$702,257$644,043$869,447
59$984,754$696,357$625,307$893,738
60$1,043,618$688,899$604,675$919,465
61$1,107,177$679,764$582,041$946,784
62$1,175,868$668,832$557,298$975,869
63$1,250,172$655,970$530,333$1,006,911
64$1,330,617$641,040$501,027$1,040,126
65$1,417,785$623,896$469,256$1,075,755
66$1,512,314$604,382$434,892$1,114,063
67$1,614,908$582,335$397,798$1,155,347
68$1,726,339$557,579$357,835$1,199,938
69$1,847,458$529,933$314,854$1,248,204
70$1,979,198$499,200$268,702$1,300,552
71$2,122,591$465,175$219,218$1,357,435
72$2,278,767$427,640$166,234$1,419,358
73$2,448,973$386,366$109,574$1,486,881
74$2,634,580$341,110$49,057$1,560,624
75$2,837,096$291,613$0$1,641,276
76$3,058,184$237,606$0$1,732,253
77$3,299,671$178,802$0$1,840,861
78$3,563,571$114,896$0$1,959,693
79$3,852,100$45,571$0$2,089,827
80$4,167,698$0$0$2,232,457
81$4,513,051$0$0$2,400,270
82$4,891,118$0$0$2,603,262
83$5,305,156$0$0$2,825,643
84$5,758,753$0$0$3,069,347
85$6,255,860$0$0$3,336,506
86$6,800,828$0$0$3,629,470
87$7,398,449$0$0$3,950,824
88$8,054,002$0$0$4,303,417
89$8,773,299$0$0$4,690,387
90$9,562,746$0$0$5,115,191
91$10,429,394$0$0$5,581,637
92$11,381,015$0$0$6,093,917
93$12,426,168$0$0$6,656,653
94$13,574,282$0$0$7,274,935
95$14,835,744$0$0$7,954,370
96$16,221,996$0$0$8,701,134
97$17,745,646$0$0$9,522,034
98$19,420,582$0$0$10,424,568
99$21,262,106$0$0$11,416,996
100$23,287,074$0$0$12,508,419