Can I retire at age 54 with 676,000?

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 $676,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$55,823$55,326$54,841$54,368$53,905$52,347
2 years$27,635$27,121$26,622$26,138$25,669$24,112
3 years$18,241$17,724$17,226$16,747$16,286$14,778
4 years$13,544$13,029$12,536$12,065$11,615$10,169
5 years$10,727$10,215$9,729$9,267$8,830$7,448
6 years$8,849$8,341$7,862$7,411$6,987$5,671
7 years$7,509$7,005$6,533$6,093$5,682$4,433
8 years$6,504$6,004$5,541$5,111$4,714$3,530
9 years$5,723$5,228$4,772$4,354$3,970$2,851
10 years$5,098$4,608$4,161$3,753$3,382$2,326
11 years$4,587$4,102$3,663$3,266$2,909$1,914
12 years$4,162$3,682$3,251$2,865$2,521$1,585
13 years$3,803$3,328$2,904$2,529$2,198$1,319
14 years$3,495$3,025$2,610$2,245$1,927$1,103
15 years$3,228$2,763$2,356$2,002$1,697$925
16 years$2,995$2,535$2,136$1,793$1,499$778
17 years$2,789$2,335$1,944$1,611$1,330$656
18 years$2,607$2,157$1,774$1,452$1,182$555
19 years$2,444$1,999$1,624$1,312$1,054$469
20 years$2,298$1,858$1,491$1,188$941$398
21 years$2,165$1,731$1,371$1,078$842$337
22 years$2,045$1,615$1,264$980$755$287
23 years$1,935$1,511$1,167$893$678$244
24 years$1,835$1,416$1,079$814$609$207
25 years$1,743$1,328$1,000$744$548$176
26 years$1,658$1,249$927$680$494$150
27 years$1,579$1,175$861$622$445$128
28 years$1,507$1,107$800$570$402$109
29 years$1,439$1,045$745$523$363$93
30 years$1,376$986$694$480$328$79
31 years$1,317$933$647$441$296$68
32 years$1,262$882$603$405$268$58
33 years$1,211$836$563$373$243$49
34 years$1,162$792$526$343$220$42
35 years$1,117$751$492$316$199$36
36 years$1,074$713$460$291$180$31
37 years$1,033$677$431$268$163$26
38 years$995$644$404$247$148$22
39 years$959$612$378$228$134$19
40 years$924$582$354$210$122$16
41 years$892$554$332$194$110$14
42 years$861$528$312$179$100$12
43 years$831$503$292$165$91$10
44 years$803$479$275$152$83$9
45 years$776$457$258$141$75$7
46 years$751$436$242$130$68$6
47 years$727$416$227$120$62$5
48 years$703$397$214$111$56$5
49 years$681$379$201$103$51$4
50 years$660$362$189$95$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $676,000, adding $4,525 every year, while hoping to spend $22,122 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: 46/45/9 Blend
53$676,000$676,000$676,000$676,000
54$749,620$713,792$703,314$782,025
55$802,543$725,230$703,337$816,285
56$860,123$736,487$702,620$850,774
57$922,812$747,531$701,114$887,681
58$991,106$758,327$698,768$927,235
59$1,065,553$768,839$695,530$969,693
60$1,146,753$779,026$691,345$1,015,335
61$1,235,370$788,847$686,153$1,064,472
62$1,332,133$798,255$679,895$1,117,447
63$1,437,845$807,204$672,505$1,174,638
64$1,553,389$815,641$663,918$1,236,461
65$1,679,738$823,511$654,063$1,303,379
66$1,817,964$830,756$642,867$1,375,900
67$1,969,247$837,312$630,252$1,454,585
68$2,134,884$843,115$616,140$1,540,054
69$2,316,306$848,092$600,445$1,632,990
70$2,515,089$852,168$583,080$1,734,148
71$2,732,968$855,263$563,952$1,844,362
72$2,971,852$857,293$542,966$1,964,551
73$3,233,846$858,165$520,020$2,095,729
74$3,521,268$857,785$495,011$2,239,016
75$3,836,670$856,049$467,826$2,395,648
76$4,182,865$852,850$438,353$2,566,989
77$4,562,949$848,072$406,470$2,754,542
78$4,980,335$841,593$372,052$2,959,969
79$5,438,781$833,283$334,968$3,185,102
80$5,942,428$823,005$295,081$3,431,961
81$6,495,838$810,614$252,247$3,702,778
82$7,104,034$795,955$206,319$4,000,013
83$7,772,553$778,865$157,138$4,326,380
84$8,507,495$759,170$104,543$4,684,875
85$9,315,578$736,688$48,364$5,078,801
86$10,204,205$711,224$0$5,511,804
87$11,181,534$682,573$0$5,989,016
88$12,256,549$650,519$0$6,518,790
89$13,439,153$614,830$0$7,101,385
90$14,740,254$575,264$0$7,742,217
91$16,171,872$531,564$0$8,447,258
92$17,747,251$483,458$0$9,223,094
93$19,480,982$430,660$0$10,076,984
94$21,389,145$372,865$0$11,016,937
95$23,489,455$309,752$0$12,051,782
96$25,801,433$240,984$0$13,191,254
97$28,346,589$166,202$0$14,446,087
98$31,148,623$85,027$0$15,828,119
99$34,233,651$0$0$17,350,398
100$37,630,449$0$0$19,028,768