Can I retire at age 54 with 675,000?

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 $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%16.8%
1 years$55,741$55,244$54,760$54,287$53,825$52,333
2 years$27,594$27,081$26,582$26,100$25,631$24,139
3 years$18,214$17,697$17,201$16,722$16,261$14,816
4 years$13,524$13,009$12,518$12,047$11,598$10,210
5 years$10,711$10,200$9,714$9,254$8,816$7,490
6 years$8,836$8,329$7,851$7,400$6,976$5,713
7 years$7,498$6,994$6,524$6,084$5,673$4,473
8 years$6,494$5,996$5,533$5,104$4,707$3,569
9 years$5,714$5,220$4,765$4,347$3,964$2,887
10 years$5,091$4,601$4,155$3,747$3,377$2,360
11 years$4,581$4,096$3,658$3,261$2,905$1,946
12 years$4,156$3,677$3,246$2,861$2,517$1,614
13 years$3,797$3,323$2,900$2,526$2,195$1,347
14 years$3,489$3,020$2,606$2,242$1,924$1,128
15 years$3,223$2,759$2,353$1,999$1,694$948
16 years$2,991$2,531$2,133$1,790$1,497$799
17 years$2,785$2,331$1,941$1,608$1,328$676
18 years$2,603$2,154$1,772$1,450$1,180$572
19 years$2,440$1,996$1,622$1,310$1,052$485
20 years$2,294$1,855$1,489$1,186$940$412
21 years$2,162$1,728$1,369$1,077$841$351
22 years$2,042$1,613$1,262$979$754$298
23 years$1,932$1,509$1,165$892$677$254
24 years$1,832$1,414$1,078$813$608$217
25 years$1,740$1,327$998$743$547$185
26 years$1,655$1,247$926$679$493$158
27 years$1,577$1,173$860$621$444$135
28 years$1,504$1,106$799$569$401$115
29 years$1,437$1,043$744$522$362$98
30 years$1,374$985$693$479$327$84
31 years$1,315$931$646$440$296$72
32 years$1,260$881$602$404$268$62
33 years$1,209$834$563$372$242$53
34 years$1,160$791$526$342$219$45
35 years$1,115$750$491$315$199$39
36 years$1,072$712$460$290$180$33
37 years$1,032$676$430$267$163$28
38 years$993$643$403$246$148$24
39 years$957$611$378$227$134$21
40 years$923$581$354$210$122$18
41 years$890$553$332$193$110$15
42 years$859$527$311$178$100$13
43 years$830$502$292$165$91$11
44 years$802$479$274$152$82$9
45 years$775$456$257$140$75$8
46 years$750$435$242$130$68$7
47 years$726$416$227$120$62$6
48 years$702$397$213$111$56$5
49 years$680$379$201$102$51$4
50 years$659$362$189$95$46$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $675,000, adding $5,207 every year, while hoping to spend $37,330 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: 61/14/25 Blend
53$675,000$675,000$675,000$675,000
54$749,221$713,446$702,984$789,635
55$785,923$708,686$686,815$812,923
56$825,117$702,442$668,853$833,809
57$867,018$694,601$648,999$855,795
58$911,862$685,045$627,149$878,994
59$959,907$673,647$603,193$903,534
60$1,011,437$660,274$577,019$929,556
61$1,066,761$644,785$548,507$957,217
62$1,126,221$627,031$517,533$986,694
63$1,190,192$606,851$483,966$1,018,181
64$1,259,084$584,080$447,672$1,051,894
65$1,333,350$558,538$408,507$1,088,075
66$1,413,484$530,039$366,325$1,126,990
67$1,500,032$498,384$320,970$1,168,939
68$1,593,593$463,363$272,280$1,214,249
69$1,694,825$424,752$220,086$1,263,288
70$1,804,451$382,319$164,213$1,316,463
71$1,923,266$335,814$104,476$1,374,223
72$2,052,146$284,975$40,682$1,437,068
73$2,192,051$229,526$0$1,505,554
74$2,344,041$169,173$0$1,587,602
75$2,509,278$103,607$0$1,688,641
76$2,689,043$32,502$0$1,798,619
77$2,884,744$0$0$1,918,432
78$3,097,931$0$0$2,055,922
79$3,330,310$0$0$2,211,295
80$3,583,758$0$0$2,380,805
81$3,860,340$0$0$2,565,839
82$4,162,333$0$0$2,767,925
83$4,492,237$0$0$2,988,746
84$4,852,811$0$0$3,230,154
85$5,247,087$0$0$3,494,186
86$5,678,408$0$0$3,783,089
87$6,150,451$0$0$4,099,333
88$6,667,266$0$0$4,445,640
89$7,233,315$0$0$4,825,008
90$7,853,510$0$0$5,240,739
91$8,533,261$0$0$5,696,466
92$9,278,524$0$0$6,196,195
93$10,095,863$0$0$6,744,334
94$10,992,505$0$0$7,345,742
95$11,976,410$0$0$8,005,768
96$13,056,348$0$0$8,730,306
97$14,241,977$0$0$9,525,847
98$15,543,938$0$0$10,399,543
99$16,973,951$0$0$11,359,270
100$18,544,928$0$0$12,413,707