Can I retire at age 54 with 677,000?

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 $677,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$55,906$55,408$54,922$54,448$53,985$52,404
2 years$27,676$27,161$26,661$26,177$25,707$24,127
3 years$18,268$17,750$17,252$16,772$16,310$14,780
4 years$13,564$13,048$12,555$12,083$11,632$10,165
5 years$10,743$10,230$9,743$9,281$8,843$7,441
6 years$8,863$8,353$7,874$7,422$6,997$5,663
7 years$7,520$7,015$6,543$6,102$5,690$4,424
8 years$6,514$6,013$5,549$5,119$4,721$3,521
9 years$5,731$5,236$4,779$4,360$3,975$2,842
10 years$5,106$4,615$4,167$3,759$3,387$2,317
11 years$4,594$4,108$3,668$3,271$2,913$1,905
12 years$4,168$3,688$3,256$2,869$2,525$1,577
13 years$3,808$3,332$2,909$2,533$2,201$1,312
14 years$3,500$3,029$2,613$2,249$1,930$1,096
15 years$3,233$2,767$2,360$2,005$1,699$919
16 years$2,999$2,539$2,139$1,796$1,502$772
17 years$2,794$2,338$1,947$1,613$1,331$651
18 years$2,611$2,161$1,777$1,454$1,184$549
19 years$2,448$2,002$1,627$1,314$1,055$465
20 years$2,301$1,861$1,493$1,190$943$393
21 years$2,168$1,733$1,373$1,080$843$334
22 years$2,048$1,618$1,266$982$756$283
23 years$1,938$1,513$1,169$894$679$240
24 years$1,838$1,418$1,081$816$610$204
25 years$1,745$1,330$1,001$745$549$174
26 years$1,660$1,250$928$681$494$148
27 years$1,582$1,177$862$623$446$126
28 years$1,509$1,109$801$571$402$107
29 years$1,441$1,046$746$524$363$91
30 years$1,378$988$695$481$328$78
31 years$1,319$934$648$441$297$66
32 years$1,264$884$604$406$268$56
33 years$1,212$837$564$373$243$48
34 years$1,164$793$527$343$220$41
35 years$1,118$752$493$316$199$35
36 years$1,075$714$461$291$180$30
37 years$1,035$678$432$268$164$25
38 years$996$645$404$247$148$22
39 years$960$613$379$228$134$19
40 years$926$583$355$210$122$16
41 years$893$555$333$194$111$13
42 years$862$529$312$179$100$11
43 years$832$504$293$165$91$10
44 years$804$480$275$153$83$8
45 years$778$458$258$141$75$7
46 years$752$437$242$130$68$6
47 years$728$417$228$120$62$5
48 years$705$398$214$111$56$4
49 years$682$380$201$103$51$4
50 years$661$363$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 $677,000, adding $3,793 every year, while hoping to spend $42,917 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: 48/25/27 Blend
53$677,000$677,000$677,000$677,000
54$749,966$714,085$703,592$780,030
55$780,800$703,412$681,499$790,859
56$813,340$690,778$657,227$798,086
57$847,715$676,040$630,659$805,094
58$884,066$659,051$601,670$811,885
59$922,546$639,649$570,132$818,462
60$963,323$617,669$535,908$824,832
61$1,006,579$592,933$498,858$831,005
62$1,052,515$565,251$458,835$836,997
63$1,101,349$534,426$415,684$842,829
64$1,153,321$500,247$369,243$848,527
65$1,208,692$462,492$319,346$854,125
66$1,267,750$420,925$265,815$859,663
67$1,330,809$375,299$208,468$865,193
68$1,398,212$325,349$147,113$870,773
69$1,470,338$270,800$81,549$876,476
70$1,547,601$211,357$11,569$882,384
71$1,630,454$146,711$0$888,596
72$1,719,395$76,535$0$913,409
73$1,814,971$483$0$943,512
74$1,917,782$0$0$975,789
75$2,028,487$0$0$1,032,993
76$2,147,810$0$0$1,094,850
77$2,276,544$0$0$1,161,646
78$2,415,563$0$0$1,233,841
79$2,565,827$0$0$1,311,942
80$2,728,390$0$0$1,396,505
81$2,904,412$0$0$1,488,142
82$3,095,165$0$0$1,587,526
83$3,302,053$0$0$1,695,395
84$3,526,615$0$0$1,812,565
85$3,770,547$0$0$1,939,930
86$4,035,712$0$0$2,078,474
87$4,324,163$0$0$2,229,281
88$4,638,154$0$0$2,393,542
89$4,980,171$0$0$2,572,569
90$5,352,944$0$0$2,767,806
91$5,759,480$0$0$2,980,842
92$6,203,091$0$0$3,213,425
93$6,687,418$0$0$3,467,480
94$7,216,473$0$0$3,745,127
95$7,794,669$0$0$4,048,699
96$8,426,869$0$0$4,380,764
97$9,118,422$0$0$4,744,152
98$9,875,223$0$0$5,141,977
99$10,703,759$0$0$5,577,668
100$11,611,175$0$0$6,055,003