Can I retire at age 54 with 680,000?

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 $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%17.6%
1 years$56,154$55,654$55,166$54,689$54,224$52,552
2 years$27,799$27,281$26,779$26,293$25,821$24,151
3 years$18,349$17,829$17,328$16,846$16,382$14,766
4 years$13,624$13,106$12,610$12,137$11,684$10,135
5 years$10,790$10,275$9,786$9,322$8,882$7,404
6 years$8,902$8,390$7,909$7,455$7,028$5,622
7 years$7,553$7,046$6,572$6,129$5,716$4,382
8 years$6,542$6,040$5,574$5,142$4,742$3,480
9 years$5,757$5,259$4,801$4,379$3,993$2,801
10 years$5,128$4,635$4,185$3,775$3,402$2,279
11 years$4,615$4,127$3,685$3,286$2,926$1,869
12 years$4,187$3,704$3,270$2,882$2,536$1,542
13 years$3,825$3,347$2,922$2,544$2,211$1,280
14 years$3,515$3,043$2,625$2,258$1,938$1,066
15 years$3,247$2,779$2,370$2,014$1,707$891
16 years$3,013$2,550$2,149$1,803$1,508$747
17 years$2,806$2,348$1,955$1,620$1,337$628
18 years$2,622$2,170$1,785$1,460$1,189$528
19 years$2,459$2,011$1,634$1,320$1,060$445
20 years$2,311$1,869$1,500$1,195$947$376
21 years$2,178$1,741$1,379$1,085$847$318
22 years$2,057$1,625$1,271$986$759$269
23 years$1,947$1,520$1,174$898$682$228
24 years$1,846$1,424$1,086$819$613$193
25 years$1,753$1,336$1,005$748$551$164
26 years$1,668$1,256$933$684$497$139
27 years$1,589$1,182$866$626$448$118
28 years$1,516$1,114$805$574$404$100
29 years$1,448$1,051$749$526$365$85
30 years$1,384$992$698$483$330$72
31 years$1,325$938$651$443$298$61
32 years$1,270$888$607$407$270$52
33 years$1,218$841$567$375$244$44
34 years$1,169$797$530$345$221$37
35 years$1,123$756$495$317$200$32
36 years$1,080$717$463$292$181$27
37 years$1,039$681$433$269$164$23
38 years$1,001$647$406$248$149$20
39 years$964$616$380$229$135$17
40 years$930$586$356$211$123$14
41 years$897$558$334$195$111$12
42 years$866$531$314$180$101$10
43 years$836$506$294$166$92$9
44 years$808$482$276$153$83$7
45 years$781$460$259$141$75$6
46 years$755$439$244$131$68$5
47 years$731$419$229$121$62$5
48 years$708$400$215$112$56$4
49 years$685$382$202$103$51$3
50 years$664$365$190$95$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $680,000, adding $4,700 every year, while hoping to spend $22,450 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: 34/41/25 Blend
53$680,000$680,000$680,000$680,000
54$754,208$718,168$707,628$773,991
55$807,251$729,472$707,447$800,494
56$864,951$740,577$706,507$826,694
57$927,761$751,450$704,760$854,502
58$996,177$762,055$702,154$884,074
59$1,070,745$772,354$698,634$915,586
60$1,152,068$782,306$694,145$949,230
61$1,240,807$791,867$688,627$985,221
62$1,337,691$800,990$682,018$1,023,794
63$1,443,522$809,626$674,252$1,065,214
64$1,559,184$817,720$665,262$1,109,769
65$1,685,648$825,216$654,976$1,157,782
66$1,823,986$832,053$643,320$1,209,608
67$1,975,376$838,167$630,214$1,265,641
68$2,141,117$843,489$615,578$1,326,317
69$2,322,636$847,946$599,326$1,392,118
70$2,521,509$851,459$581,368$1,463,576
71$2,739,469$853,947$561,609$1,541,282
72$2,978,425$855,320$539,953$1,625,887
73$3,240,480$855,486$516,297$1,718,113
74$3,527,949$854,346$490,533$1,818,758
75$3,843,384$851,793$462,550$1,928,703
76$4,189,594$847,715$432,231$2,048,922
77$4,569,674$841,995$399,452$2,180,492
78$4,987,034$834,506$364,087$2,324,604
79$5,445,429$825,114$326,001$2,482,572
80$5,948,996$813,679$285,056$2,655,851
81$6,502,294$800,049$241,105$2,846,046
82$7,110,343$784,066$193,997$3,054,931
83$7,778,674$765,561$143,572$3,284,464
84$8,513,382$744,357$89,665$3,536,809
85$9,321,180$720,264$32,102$3,814,357
86$10,209,466$693,083$0$4,119,746
87$11,186,390$662,601$0$4,463,714
88$12,260,929$628,597$0$4,851,301
89$13,442,978$590,832$0$5,277,540
90$14,743,436$549,057$0$5,746,407
91$16,174,313$503,007$0$6,262,287
92$17,748,841$452,403$0$6,830,018
93$19,481,601$396,948$0$7,454,936
94$21,388,657$336,332$0$8,142,923
95$23,487,711$270,222$0$8,900,472
96$25,798,266$198,272$0$9,734,738
97$28,341,815$120,113$0$10,653,615
98$31,142,038$35,356$0$11,665,809
99$34,225,028$0$0$12,780,919
100$37,619,538$0$0$14,034,981