Can I retire at age 54 with 679,000?

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 $679,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$56,071$55,572$55,084$54,609$54,144$53,468
2 years$27,758$27,241$26,740$26,254$25,783$25,102
3 years$18,322$17,802$17,303$16,821$16,358$15,694
4 years$13,604$13,087$12,592$12,119$11,667$11,025
5 years$10,775$10,260$9,772$9,308$8,869$8,251
6 years$8,889$8,378$7,897$7,444$7,018$6,424
7 years$7,542$7,036$6,562$6,120$5,707$5,139
8 years$6,533$6,031$5,566$5,134$4,735$4,191
9 years$5,748$5,251$4,794$4,373$3,987$3,468
10 years$5,121$4,629$4,179$3,770$3,397$2,903
11 years$4,608$4,121$3,679$3,281$2,922$2,451
12 years$4,181$3,698$3,265$2,878$2,532$2,085
13 years$3,819$3,342$2,917$2,541$2,208$1,783
14 years$3,510$3,038$2,621$2,255$1,935$1,533
15 years$3,242$2,775$2,367$2,011$1,704$1,323
16 years$3,008$2,546$2,146$1,801$1,506$1,146
17 years$2,802$2,345$1,952$1,618$1,335$995
18 years$2,619$2,167$1,782$1,458$1,187$866
19 years$2,455$2,008$1,632$1,318$1,058$756
20 years$2,308$1,866$1,497$1,193$945$661
21 years$2,175$1,738$1,377$1,083$846$578
22 years$2,054$1,623$1,269$985$758$507
23 years$1,944$1,518$1,172$897$681$445
24 years$1,843$1,422$1,084$818$612$391
25 years$1,751$1,334$1,004$747$551$344
26 years$1,665$1,254$931$683$496$302
27 years$1,586$1,180$865$625$447$266
28 years$1,513$1,112$804$573$403$235
29 years$1,445$1,049$748$525$364$207
30 years$1,382$991$697$482$329$182
31 years$1,323$937$650$443$298$161
32 years$1,268$886$606$407$269$142
33 years$1,216$839$566$374$244$125
34 years$1,167$795$529$344$221$111
35 years$1,122$755$494$317$200$98
36 years$1,078$716$462$292$181$86
37 years$1,038$680$433$269$164$76
38 years$999$646$405$248$149$67
39 years$963$615$380$229$135$60
40 years$928$585$356$211$122$53
41 years$896$557$334$194$111$47
42 years$864$530$313$179$101$41
43 years$835$505$294$166$91$36
44 years$807$482$276$153$83$32
45 years$780$459$259$141$75$29
46 years$754$438$243$131$68$25
47 years$730$418$228$121$62$22
48 years$707$399$215$111$56$20
49 years$684$381$202$103$51$17
50 years$663$364$190$95$47$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $679,000, adding $4,471 every year, while hoping to spend $48,283 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: 51/33/16 Blend
53$679,000$679,000$679,000$679,000
54$752,870$716,883$706,358$787,755
55$778,290$700,637$678,649$795,954
56$804,684$681,978$648,392$799,445
57$832,102$660,734$615,453$802,176
58$860,594$636,728$579,689$804,092
59$890,217$609,770$540,951$805,133
60$921,029$579,659$499,082$805,238
61$953,094$546,182$453,922$804,342
62$986,481$509,116$405,299$802,378
63$1,021,263$468,224$353,037$799,276
64$1,057,518$423,253$296,951$794,963
65$1,095,332$373,940$236,846$789,363
66$1,134,797$320,003$172,521$782,397
67$1,176,010$261,148$103,765$773,984
68$1,219,080$197,061$30,357$764,039
69$1,264,121$127,412$0$752,474
70$1,311,258$51,851$0$747,392
71$1,360,626$0$0$746,571
72$1,412,372$0$0$755,660
73$1,466,654$0$0$784,967
74$1,523,645$0$0$815,758
75$1,583,531$0$0$848,138
76$1,646,518$0$0$882,220
77$1,712,824$0$0$918,126
78$1,782,693$0$0$955,991
79$1,856,386$0$0$995,962
80$1,934,189$0$0$1,038,197
81$2,016,414$0$0$1,082,870
82$2,103,401$0$0$1,130,171
83$2,195,523$0$0$1,180,308
84$2,293,184$0$0$1,233,507
85$2,396,829$0$0$1,290,015
86$2,506,943$0$0$1,350,104
87$2,624,056$0$0$1,414,070
88$2,748,749$0$0$1,482,238
89$2,881,657$0$0$1,554,963
90$3,023,477$0$0$1,632,634
91$3,174,971$0$0$1,715,678
92$3,336,975$0$0$1,804,563
93$3,510,405$0$0$1,899,801
94$3,696,267$0$0$2,001,956
95$3,895,662$0$0$2,111,644
96$4,109,800$0$0$2,229,543
97$4,340,009$0$0$2,356,398
98$4,587,746$0$0$2,493,023
99$4,854,611$0$0$2,640,317
100$5,142,363$0$0$2,799,265