Can I retire at age 54 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$56,154$55,654$55,166$54,689$54,224$53,348
2 years$27,799$27,281$26,779$26,293$25,821$24,941
3 years$18,349$17,829$17,328$16,846$16,382$15,525
4 years$13,624$13,106$12,610$12,137$11,684$10,856
5 years$10,790$10,275$9,786$9,322$8,882$8,087
6 years$8,902$8,390$7,909$7,455$7,028$6,266
7 years$7,553$7,046$6,572$6,129$5,716$4,987
8 years$6,542$6,040$5,574$5,142$4,742$4,046
9 years$5,757$5,259$4,801$4,379$3,993$3,331
10 years$5,128$4,635$4,185$3,775$3,402$2,772
11 years$4,615$4,127$3,685$3,286$2,926$2,328
12 years$4,187$3,704$3,270$2,882$2,536$1,968
13 years$3,825$3,347$2,922$2,544$2,211$1,674
14 years$3,515$3,043$2,625$2,258$1,938$1,430
15 years$3,247$2,779$2,370$2,014$1,707$1,227
16 years$3,013$2,550$2,149$1,803$1,508$1,056
17 years$2,806$2,348$1,955$1,620$1,337$911
18 years$2,622$2,170$1,785$1,460$1,189$788
19 years$2,459$2,011$1,634$1,320$1,060$683
20 years$2,311$1,869$1,500$1,195$947$593
21 years$2,178$1,741$1,379$1,085$847$516
22 years$2,057$1,625$1,271$986$759$449
23 years$1,947$1,520$1,174$898$682$391
24 years$1,846$1,424$1,086$819$613$341
25 years$1,753$1,336$1,005$748$551$298
26 years$1,668$1,256$933$684$497$260
27 years$1,589$1,182$866$626$448$228
28 years$1,516$1,114$805$574$404$199
29 years$1,448$1,051$749$526$365$174
30 years$1,384$992$698$483$330$152
31 years$1,325$938$651$443$298$134
32 years$1,270$888$607$407$270$117
33 years$1,218$841$567$375$244$103
34 years$1,169$797$530$345$221$90
35 years$1,123$756$495$317$200$79
36 years$1,080$717$463$292$181$69
37 years$1,039$681$433$269$164$61
38 years$1,001$647$406$248$149$53
39 years$964$616$380$229$135$47
40 years$930$586$356$211$123$41
41 years$897$558$334$195$111$36
42 years$866$531$314$180$101$31
43 years$836$506$294$166$92$28
44 years$808$482$276$153$83$24
45 years$781$460$259$141$75$21
46 years$755$439$244$131$68$19
47 years$731$419$229$121$62$16
48 years$708$400$215$112$56$14
49 years$685$382$202$103$51$13
50 years$664$365$190$95$47$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $680,000, adding $4,356 every year, while hoping to spend $25,150 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: 36/36/28 Blend
53$680,000$680,000$680,000$680,000
54$753,853$717,813$707,273$774,528
55$803,987$726,227$704,207$798,699
56$858,391$734,209$700,196$822,190
57$917,475$741,714$695,181$847,068
58$981,689$748,689$689,101$873,475
59$1,051,528$755,081$681,892$901,568
60$1,127,535$760,832$673,487$931,522
61$1,210,312$765,881$663,817$963,532
62$1,300,516$770,161$652,807$997,813
63$1,398,873$773,604$640,381$1,034,604
64$1,506,183$776,135$626,458$1,074,172
65$1,623,324$777,676$610,955$1,116,811
66$1,751,264$778,144$593,783$1,162,848
67$1,891,069$777,448$574,850$1,212,645
68$2,043,910$775,495$554,060$1,266,605
69$2,211,080$772,186$531,312$1,325,172
70$2,394,000$767,412$506,501$1,388,840
71$2,594,235$761,063$479,516$1,458,157
72$2,813,510$753,018$450,243$1,533,726
73$3,053,723$743,151$418,561$1,616,220
74$3,316,965$731,327$384,344$1,706,381
75$3,605,537$717,404$347,462$1,805,029
76$3,921,977$701,232$307,777$1,913,076
77$4,269,076$682,650$265,145$2,031,526
78$4,649,913$661,490$219,418$2,161,495
79$5,067,874$637,574$170,439$2,304,212
80$5,526,693$610,710$118,044$2,461,042
81$6,030,481$580,701$62,064$2,633,489
82$6,583,768$547,333$2,321$2,823,219
83$7,191,542$510,382$0$3,032,075
84$7,859,301$469,613$0$3,280,444
85$8,593,099$424,773$0$3,554,156
86$9,399,608$375,599$0$3,855,062
87$10,286,175$321,811$0$4,185,971
88$11,260,899$263,113$0$4,549,983
89$12,332,698$199,193$0$4,950,519
90$13,511,401$129,722$0$5,391,354
91$14,807,837$54,351$0$5,876,649
92$16,233,934$0$0$6,410,999
93$17,802,838$0$0$7,010,282
94$19,529,030$0$0$7,693,445
95$21,428,469$0$0$8,445,286
96$23,518,737$0$0$9,272,778
97$25,819,205$0$0$10,183,606
98$28,351,220$0$0$11,186,237
99$31,138,302$0$0$12,289,998
100$34,206,367$0$0$13,505,170