Can I retire at age 54 with 678,000?

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 $678,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$55,989$55,490$55,003$54,528$54,065$53,257
2 years$27,717$27,201$26,701$26,216$25,745$24,933
3 years$18,295$17,776$17,277$16,797$16,334$15,543
4 years$13,584$13,067$12,573$12,101$11,649$10,885
5 years$10,759$10,245$9,757$9,295$8,856$8,121
6 years$8,876$8,366$7,885$7,433$7,007$6,303
7 years$7,531$7,026$6,553$6,111$5,699$5,025
8 years$6,523$6,022$5,557$5,126$4,728$4,084
9 years$5,740$5,243$4,787$4,367$3,981$3,368
10 years$5,113$4,622$4,173$3,764$3,392$2,808
11 years$4,601$4,115$3,674$3,276$2,917$2,362
12 years$4,174$3,693$3,260$2,873$2,528$2,001
13 years$3,814$3,337$2,913$2,537$2,205$1,705
14 years$3,505$3,034$2,617$2,252$1,933$1,460
15 years$3,238$2,771$2,363$2,008$1,702$1,255
16 years$3,004$2,543$2,142$1,798$1,504$1,082
17 years$2,798$2,342$1,950$1,616$1,333$936
18 years$2,615$2,164$1,780$1,456$1,186$811
19 years$2,451$2,005$1,629$1,316$1,057$705
20 years$2,304$1,863$1,495$1,192$944$613
21 years$2,172$1,736$1,375$1,081$845$534
22 years$2,051$1,620$1,268$983$757$466
23 years$1,941$1,515$1,170$895$680$407
24 years$1,840$1,420$1,082$817$611$356
25 years$1,748$1,332$1,003$746$550$312
26 years$1,663$1,252$930$682$495$273
27 years$1,584$1,179$863$624$446$239
28 years$1,511$1,111$803$572$403$210
29 years$1,443$1,048$747$524$364$184
30 years$1,380$989$696$481$329$161
31 years$1,321$935$649$442$297$142
32 years$1,266$885$605$406$269$125
33 years$1,214$838$565$374$243$109
34 years$1,166$794$528$344$220$96
35 years$1,120$753$494$316$199$84
36 years$1,077$715$462$291$181$74
37 years$1,036$679$432$269$164$65
38 years$998$645$405$248$149$57
39 years$961$614$379$228$135$50
40 years$927$584$355$210$122$44
41 years$894$556$333$194$111$39
42 years$863$529$313$179$101$34
43 years$834$504$293$165$91$30
44 years$806$481$275$153$83$27
45 years$779$458$259$141$75$23
46 years$753$437$243$130$68$21
47 years$729$417$228$120$62$18
48 years$706$398$214$111$56$16
49 years$683$381$202$103$51$14
50 years$662$363$189$95$46$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $678,000, adding $3,113 every year, while hoping to spend $30,452 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: 48/27/25 Blend
53$678,000$678,000$678,000$678,000
54$750,367$714,433$703,924$780,913
55$794,504$717,040$695,105$805,232
56$842,122$718,753$684,970$828,359
57$893,544$719,498$673,442$852,866
58$949,126$719,193$660,442$878,898
59$1,009,256$717,754$645,887$906,615
60$1,074,365$715,088$629,688$936,196
61$1,144,923$711,100$611,756$967,840
62$1,221,448$705,687$591,993$1,001,766
63$1,304,511$698,741$570,300$1,038,220
64$1,394,738$690,146$546,572$1,077,474
65$1,492,819$679,781$520,700$1,119,830
66$1,599,513$667,517$492,569$1,165,623
67$1,715,654$653,216$462,061$1,215,225
68$1,842,160$636,733$429,050$1,269,049
69$1,980,043$617,915$393,405$1,327,551
70$2,130,414$596,600$354,991$1,391,240
71$2,294,498$572,615$313,665$1,460,678
72$2,473,642$545,778$269,278$1,536,487
73$2,669,330$515,897$221,675$1,619,357
74$2,883,194$482,769$170,693$1,710,053
75$3,117,032$446,177$116,164$1,809,421
76$3,372,824$405,894$57,910$1,918,398
77$3,652,749$361,680$0$2,038,021
78$3,959,207$313,280$0$2,170,574
79$4,294,842$260,426$0$2,332,750
80$4,662,562$202,834$0$2,510,544
81$5,065,574$140,203$0$2,705,566
82$5,507,407$72,217$0$2,919,593
83$5,991,949$0$0$3,154,587
84$6,523,482$0$0$3,413,145
85$7,106,723$0$0$3,720,474
86$7,746,866$0$0$4,057,865
87$8,449,635$0$0$4,428,344
88$9,221,332$0$0$4,835,245
89$10,068,903$0$0$5,282,238
90$10,999,996$0$0$5,773,369
91$12,023,038$0$0$6,313,094
92$13,147,314$0$0$6,906,322
93$14,383,051$0$0$7,558,463
94$15,741,516$0$0$8,275,474
95$17,235,123$0$0$9,063,921
96$18,877,550$0$0$9,931,037
97$20,683,863$0$0$10,884,790
98$22,670,667$0$0$11,933,961
99$24,856,251$0$0$13,088,224
100$27,260,770$0$0$14,358,236