Can I retire at age 54 with 681,000?

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 $681,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$56,236$55,735$55,247$54,770$54,304$52,608
2 years$27,840$27,321$26,819$26,332$25,859$24,165
3 years$18,375$17,855$17,354$16,871$16,406$14,768
4 years$13,644$13,125$12,629$12,155$11,701$10,131
5 years$10,806$10,290$9,801$9,336$8,895$7,397
6 years$8,915$8,403$7,920$7,466$7,038$5,614
7 years$7,564$7,057$6,582$6,138$5,724$4,373
8 years$6,552$6,049$5,582$5,149$4,749$3,470
9 years$5,765$5,267$4,808$4,386$3,999$2,792
10 years$5,136$4,642$4,191$3,781$3,407$2,270
11 years$4,621$4,133$3,690$3,290$2,930$1,860
12 years$4,193$3,709$3,275$2,886$2,539$1,534
13 years$3,831$3,352$2,926$2,548$2,214$1,272
14 years$3,521$3,047$2,629$2,262$1,941$1,059
15 years$3,252$2,783$2,374$2,017$1,709$885
16 years$3,017$2,554$2,152$1,806$1,511$741
17 years$2,810$2,352$1,958$1,623$1,339$622
18 years$2,626$2,173$1,788$1,462$1,191$523
19 years$2,462$2,014$1,636$1,321$1,061$441
20 years$2,315$1,872$1,502$1,197$948$372
21 years$2,181$1,743$1,381$1,086$848$314
22 years$2,060$1,627$1,273$988$761$266
23 years$1,950$1,522$1,176$899$683$225
24 years$1,849$1,426$1,087$820$614$190
25 years$1,756$1,338$1,007$749$552$161
26 years$1,670$1,258$934$685$497$137
27 years$1,591$1,184$867$627$448$116
28 years$1,518$1,115$806$574$405$98
29 years$1,450$1,052$750$527$365$83
30 years$1,386$994$699$483$330$71
31 years$1,327$939$651$444$298$60
32 years$1,272$889$608$408$270$51
33 years$1,220$842$568$375$244$43
34 years$1,171$798$530$345$221$37
35 years$1,125$757$496$318$200$31
36 years$1,082$718$464$293$182$26
37 years$1,041$682$434$270$165$22
38 years$1,002$648$407$249$149$19
39 years$966$616$381$229$135$16
40 years$931$587$357$211$123$14
41 years$898$558$335$195$111$12
42 years$867$532$314$180$101$10
43 years$837$507$295$166$92$8
44 years$809$483$277$153$83$7
45 years$782$461$260$142$76$6
46 years$757$439$244$131$69$5
47 years$732$419$229$121$62$4
48 years$709$400$215$112$57$4
49 years$686$382$202$103$51$3
50 years$665$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 $681,000, adding $5,465 every year, while hoping to spend $24,694 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: 46/27/27 Blend
53$681,000$681,000$681,000$681,000
54$756,099$720,006$709,451$784,788
55$806,947$729,012$706,943$814,623
56$862,154$737,632$703,524$844,153
57$922,138$745,820$699,136$875,714
58$987,360$753,529$693,721$909,509
59$1,058,326$760,708$687,216$945,764
60$1,135,594$767,301$679,557$984,728
61$1,219,776$773,251$670,674$1,026,675
62$1,311,549$778,495$660,496$1,071,911
63$1,411,654$782,968$648,950$1,120,772
64$1,520,908$786,600$635,956$1,173,631
65$1,640,213$789,315$621,432$1,230,901
66$1,770,558$791,035$605,294$1,293,038
67$1,913,034$791,675$587,451$1,360,545
68$2,068,842$791,146$567,809$1,433,979
69$2,239,304$789,352$546,270$1,513,957
70$2,425,876$786,193$522,732$1,601,159
71$2,630,159$781,560$497,088$1,696,338
72$2,853,920$775,342$469,226$1,800,325
73$3,099,103$767,416$439,028$1,914,038
74$3,367,848$757,656$406,371$2,038,494
75$3,662,513$745,925$371,129$2,174,812
76$3,985,695$732,081$333,167$2,324,231
77$4,340,253$715,971$292,346$2,488,120
78$4,729,340$697,434$248,521$2,667,990
79$5,156,424$676,300$201,538$2,865,508
80$5,625,329$652,388$151,238$3,082,517
81$6,140,264$625,507$97,457$3,321,052
82$6,705,870$595,456$40,021$3,583,358
83$7,327,255$562,020$0$3,871,915
84$8,010,049$524,973$0$4,195,589
85$8,760,454$484,076$0$4,563,974
86$9,585,301$439,077$0$4,968,920
87$10,492,118$389,708$0$5,414,167
88$11,489,198$335,687$0$5,903,838
89$12,585,677$276,717$0$6,442,479
90$13,791,620$212,480$0$7,035,104
91$15,118,120$142,646$0$7,687,239
92$16,577,395$66,862$0$8,404,980
93$18,182,908$0$0$9,195,045
94$19,949,494$0$0$10,069,372
95$21,893,498$0$0$11,053,458
96$24,032,929$0$0$12,136,567
97$26,387,629$0$0$13,328,757
98$28,979,465$0$0$14,641,109
99$31,832,527$0$0$16,085,835
100$34,973,362$0$0$17,676,389