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%19.4%
1 years$55,658$55,163$54,679$54,207$53,746$51,715
2 years$27,554$27,040$26,543$26,061$25,593$23,571
3 years$18,187$17,671$17,175$16,697$16,237$14,287
4 years$13,504$12,990$12,499$12,030$11,581$9,718
5 years$10,695$10,184$9,700$9,240$8,803$7,032
6 years$8,823$8,316$7,839$7,389$6,966$5,287
7 years$7,487$6,984$6,514$6,075$5,665$4,079
8 years$6,485$5,987$5,525$5,096$4,700$3,205
9 years$5,706$5,212$4,758$4,341$3,958$2,551
10 years$5,083$4,595$4,148$3,742$3,372$2,052
11 years$4,574$4,090$3,652$3,257$2,900$1,663
12 years$4,150$3,671$3,241$2,856$2,513$1,357
13 years$3,791$3,318$2,896$2,522$2,192$1,112
14 years$3,484$3,016$2,602$2,239$1,921$915
15 years$3,218$2,755$2,349$1,996$1,692$755
16 years$2,986$2,528$2,130$1,788$1,495$625
17 years$2,781$2,328$1,938$1,606$1,326$518
18 years$2,599$2,151$1,769$1,447$1,179$430
19 years$2,437$1,993$1,620$1,308$1,051$358
20 years$2,291$1,852$1,486$1,185$938$298
21 years$2,159$1,725$1,367$1,075$840$248
22 years$2,039$1,611$1,260$977$753$207
23 years$1,930$1,506$1,163$890$676$173
24 years$1,830$1,411$1,076$812$607$144
25 years$1,738$1,325$997$741$546$121
26 years$1,653$1,245$924$678$492$101
27 years$1,575$1,172$858$621$444$84
28 years$1,502$1,104$798$569$400$71
29 years$1,435$1,041$743$521$362$59
30 years$1,372$984$692$479$327$49
31 years$1,313$930$645$439$295$41
32 years$1,258$880$602$404$267$35
33 years$1,207$833$562$371$242$29
34 years$1,159$790$525$342$219$24
35 years$1,113$749$491$315$198$20
36 years$1,070$711$459$290$180$17
37 years$1,030$675$430$267$163$14
38 years$992$642$402$246$148$12
39 years$956$610$377$227$134$10
40 years$921$581$353$209$121$8
41 years$889$553$331$193$110$7
42 years$858$526$311$178$100$6
43 years$829$501$292$164$91$5
44 years$801$478$274$152$82$4
45 years$774$456$257$140$75$3
46 years$749$435$241$130$68$3
47 years$725$415$227$120$62$2
48 years$701$396$213$111$56$2
49 years$679$378$200$102$51$2
50 years$658$361$188$94$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $674,000, adding $4,080 every year, while hoping to spend $49,373 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: 67/13/20 Blend
53$674,000$674,000$674,000$674,000
54$746,957$711,235$700,788$793,009
55$770,614$693,553$671,731$806,678
56$795,029$673,349$640,047$815,535
57$820,228$650,449$605,595$824,035
58$846,236$624,666$568,227$832,142
59$873,081$595,804$527,792$839,817
60$900,791$563,654$484,129$847,019
61$929,395$527,997$437,070$853,706
62$958,924$488,599$386,442$859,833
63$989,408$445,214$332,062$865,352
64$1,020,881$397,583$273,740$870,211
65$1,053,377$345,430$211,276$874,359
66$1,086,931$288,466$144,463$877,738
67$1,121,579$226,383$73,084$880,290
68$1,157,361$158,856$0$881,952
69$1,194,317$85,545$0$883,317
70$1,232,487$6,086$0$900,344
71$1,271,915$0$0$917,399
72$1,312,648$0$0$945,892
73$1,354,731$0$0$976,230
74$1,398,215$0$0$1,007,579
75$1,443,152$0$0$1,039,977
76$1,489,594$0$0$1,073,463
77$1,537,601$0$0$1,108,077
78$1,587,230$0$0$1,143,864
79$1,638,544$0$0$1,180,867
80$1,691,608$0$0$1,219,136
81$1,746,493$0$0$1,258,719
82$1,803,269$0$0$1,299,669
83$1,862,013$0$0$1,342,042
84$1,922,806$0$0$1,385,896
85$1,985,732$0$0$1,431,292
86$2,050,881$0$0$1,478,296
87$2,118,347$0$0$1,526,977
88$2,188,230$0$0$1,577,406
89$2,260,636$0$0$1,629,661
90$2,335,678$0$0$1,683,825
91$2,413,474$0$0$1,739,983
92$2,494,151$0$0$1,798,228
93$2,577,845$0$0$1,858,658
94$2,664,698$0$0$1,921,378
95$2,754,863$0$0$1,986,499
96$2,848,503$0$0$2,054,140
97$2,945,793$0$0$2,124,429
98$3,046,919$0$0$2,197,502
99$3,152,081$0$0$2,273,504
100$3,261,492$0$0$2,352,592