Can I retire at age 54 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$55,741$55,244$54,760$54,287$53,825$53,531
2 years$27,594$27,081$26,582$26,100$25,631$25,334
3 years$18,214$17,697$17,201$16,722$16,261$15,971
4 years$13,524$13,009$12,518$12,047$11,598$11,316
5 years$10,711$10,200$9,714$9,254$8,816$8,544
6 years$8,836$8,329$7,851$7,400$6,976$6,714
7 years$7,498$6,994$6,524$6,084$5,673$5,421
8 years$6,494$5,996$5,533$5,104$4,707$4,465
9 years$5,714$5,220$4,765$4,347$3,964$3,732
10 years$5,091$4,601$4,155$3,747$3,377$3,155
11 years$4,581$4,096$3,658$3,261$2,905$2,692
12 years$4,156$3,677$3,246$2,861$2,517$2,314
13 years$3,797$3,323$2,900$2,526$2,195$2,002
14 years$3,489$3,020$2,606$2,242$1,924$1,740
15 years$3,223$2,759$2,353$1,999$1,694$1,519
16 years$2,991$2,531$2,133$1,790$1,497$1,331
17 years$2,785$2,331$1,941$1,608$1,328$1,170
18 years$2,603$2,154$1,772$1,450$1,180$1,031
19 years$2,440$1,996$1,622$1,310$1,052$910
20 years$2,294$1,855$1,489$1,186$940$806
21 years$2,162$1,728$1,369$1,077$841$714
22 years$2,042$1,613$1,262$979$754$634
23 years$1,932$1,509$1,165$892$677$564
24 years$1,832$1,414$1,078$813$608$502
25 years$1,740$1,327$998$743$547$447
26 years$1,655$1,247$926$679$493$399
27 years$1,577$1,173$860$621$444$356
28 years$1,504$1,106$799$569$401$318
29 years$1,437$1,043$744$522$362$284
30 years$1,374$985$693$479$327$254
31 years$1,315$931$646$440$296$227
32 years$1,260$881$602$404$268$203
33 years$1,209$834$563$372$242$182
34 years$1,160$791$526$342$219$163
35 years$1,115$750$491$315$199$146
36 years$1,072$712$460$290$180$131
37 years$1,032$676$430$267$163$117
38 years$993$643$403$246$148$105
39 years$957$611$378$227$134$94
40 years$923$581$354$210$122$85
41 years$890$553$332$193$110$76
42 years$859$527$311$178$100$68
43 years$830$502$292$165$91$61
44 years$802$479$274$152$82$55
45 years$775$456$257$140$75$49
46 years$750$435$242$130$68$44
47 years$726$416$227$120$62$40
48 years$702$397$213$111$56$36
49 years$680$379$201$102$51$32
50 years$659$362$189$95$46$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $675,000, adding $4,685 every year, while hoping to spend $47,577 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: 76/9/15 Blend
53$675,000$675,000$675,000$675,000
54$748,683$712,908$702,445$802,819
55$774,427$697,218$675,355$823,521
56$801,202$679,166$645,764$839,793
57$829,064$658,584$613,536$856,331
58$858,071$635,297$578,532$873,148
59$888,286$609,119$540,605$890,255
60$919,779$579,853$499,602$907,668
61$952,621$547,291$455,364$925,404
62$986,893$511,213$407,723$943,482
63$1,022,679$471,386$356,505$961,926
64$1,060,072$427,563$301,528$980,761
65$1,099,171$379,485$242,600$1,000,016
66$1,140,084$326,877$179,525$1,019,726
67$1,182,926$269,448$112,093$1,039,927
68$1,227,826$206,892$40,089$1,060,664
69$1,274,918$138,884$0$1,081,985
70$1,324,353$65,082$0$1,109,829
71$1,376,290$0$0$1,145,607
72$1,430,906$0$0$1,184,478
73$1,488,392$0$0$1,232,184
74$1,548,954$0$0$1,282,453
75$1,612,819$0$0$1,335,474
76$1,680,233$0$0$1,391,453
77$1,751,465$0$0$1,450,614
78$1,826,808$0$0$1,513,203
79$1,906,582$0$0$1,579,486
80$1,991,136$0$0$1,649,757
81$2,080,852$0$0$1,724,333
82$2,176,148$0$0$1,803,565
83$2,277,479$0$0$1,887,834
84$2,385,347$0$0$1,977,558
85$2,500,298$0$0$2,073,194
86$2,622,930$0$0$2,175,244
87$2,753,900$0$0$2,284,257
88$2,893,927$0$0$2,400,833
89$3,043,800$0$0$2,525,634
90$3,204,382$0$0$2,659,381
91$3,376,623$0$0$2,802,869
92$3,561,562$0$0$2,956,967
93$3,760,341$0$0$3,122,633
94$3,974,214$0$0$3,300,914
95$4,204,557$0$0$3,492,962
96$4,452,881$0$0$3,700,043
97$4,720,848$0$0$3,923,546
98$5,010,281$0$0$4,164,999
99$5,323,185$0$0$4,426,079
100$5,661,764$0$0$4,708,632