Can I retire at age 54 with 679,000?

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 $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%12.3%
1 years$56,071$55,572$55,084$54,609$54,144$53,624
2 years$27,758$27,241$26,740$26,254$25,783$25,258
3 years$18,322$17,802$17,303$16,821$16,358$15,846
4 years$13,604$13,087$12,592$12,119$11,667$11,171
5 years$10,775$10,260$9,772$9,308$8,869$8,391
6 years$8,889$8,378$7,897$7,444$7,018$6,558
7 years$7,542$7,036$6,562$6,120$5,707$5,266
8 years$6,533$6,031$5,566$5,134$4,735$4,312
9 years$5,748$5,251$4,794$4,373$3,987$3,583
10 years$5,121$4,629$4,179$3,770$3,397$3,012
11 years$4,608$4,121$3,679$3,281$2,922$2,554
12 years$4,181$3,698$3,265$2,878$2,532$2,182
13 years$3,819$3,342$2,917$2,541$2,208$1,875
14 years$3,510$3,038$2,621$2,255$1,935$1,619
15 years$3,242$2,775$2,367$2,011$1,704$1,404
16 years$3,008$2,546$2,146$1,801$1,506$1,222
17 years$2,802$2,345$1,952$1,618$1,335$1,066
18 years$2,619$2,167$1,782$1,458$1,187$933
19 years$2,455$2,008$1,632$1,318$1,058$818
20 years$2,308$1,866$1,497$1,193$945$719
21 years$2,175$1,738$1,377$1,083$846$632
22 years$2,054$1,623$1,269$985$758$557
23 years$1,944$1,518$1,172$897$681$492
24 years$1,843$1,422$1,084$818$612$434
25 years$1,751$1,334$1,004$747$551$384
26 years$1,665$1,254$931$683$496$340
27 years$1,586$1,180$865$625$447$301
28 years$1,513$1,112$804$573$403$267
29 years$1,445$1,049$748$525$364$236
30 years$1,382$991$697$482$329$210
31 years$1,323$937$650$443$298$186
32 years$1,268$886$606$407$269$165
33 years$1,216$839$566$374$244$147
34 years$1,167$795$529$344$221$130
35 years$1,122$755$494$317$200$116
36 years$1,078$716$462$292$181$103
37 years$1,038$680$433$269$164$91
38 years$999$646$405$248$149$81
39 years$963$615$380$229$135$72
40 years$928$585$356$211$122$64
41 years$896$557$334$194$111$57
42 years$864$530$313$179$101$51
43 years$835$505$294$166$91$45
44 years$807$482$276$153$83$40
45 years$780$459$259$141$75$36
46 years$754$438$243$131$68$32
47 years$730$418$228$121$62$28
48 years$707$399$215$111$56$25
49 years$684$381$202$103$51$22
50 years$663$364$190$95$47$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $679,000, adding $6,607 every year, while hoping to spend $20,920 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: 51/37/12 Blend
53$679,000$679,000$679,000$679,000
54$755,073$719,086$708,562$790,835
55$809,832$732,063$710,040$828,987
56$869,475$744,974$710,866$867,673
57$934,478$757,794$710,997$909,253
58$1,005,366$770,497$710,386$954,003
59$1,082,715$783,053$708,986$1,002,231
60$1,167,159$795,430$706,744$1,054,275
61$1,259,398$807,595$703,609$1,110,509
62$1,360,201$819,512$699,524$1,171,343
63$1,470,415$831,141$694,431$1,237,232
64$1,590,971$842,441$688,269$1,308,676
65$1,722,898$853,368$680,974$1,386,227
66$1,867,325$863,875$672,478$1,470,493
67$2,025,498$873,910$662,712$1,562,146
68$2,198,787$883,420$651,601$1,661,926
69$2,388,702$892,346$639,068$1,770,650
70$2,596,905$900,627$625,033$1,889,219
71$2,825,230$908,198$609,411$2,018,625
72$3,075,691$914,988$592,115$2,159,965
73$3,350,512$920,923$573,051$2,314,448
74$3,652,139$925,923$552,123$2,483,404
75$3,983,268$929,904$529,230$2,668,305
76$4,346,869$932,777$504,267$2,870,772
77$4,746,212$934,445$477,122$3,092,591
78$5,184,901$934,808$447,681$3,335,736
79$5,666,905$933,758$415,823$3,602,379
80$6,196,598$931,181$381,421$3,894,920
81$6,778,797$926,955$344,345$4,216,002
82$7,418,810$920,951$304,456$4,568,541
83$8,122,484$913,033$261,611$4,955,754
84$8,896,263$903,057$215,660$5,381,185
85$9,747,243$890,868$166,446$5,848,747
86$10,683,245$876,304$113,805$6,362,749
87$11,712,886$859,192$57,567$6,927,948
88$12,845,658$839,351$0$7,549,585
89$14,092,022$816,586$0$8,233,755
90$15,463,502$790,693$0$8,994,404
91$16,972,798$761,455$0$9,831,207
92$18,633,900$728,643$0$10,751,937
93$20,462,226$692,015$0$11,765,166
94$22,474,762$651,313$0$12,880,341
95$24,690,227$606,266$0$14,107,875
96$27,129,245$556,588$0$15,459,250
97$29,814,543$501,975$0$16,947,119
98$32,771,161$442,107$0$18,585,432
99$36,026,694$376,645$0$20,389,566
100$39,611,546$305,230$0$22,376,470