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%14.3%
1 years$56,236$55,735$55,247$54,770$54,304$53,338
2 years$27,840$27,321$26,819$26,332$25,859$24,890
3 years$18,375$17,855$17,354$16,871$16,406$15,463
4 years$13,644$13,125$12,629$12,155$11,701$10,791
5 years$10,806$10,290$9,801$9,336$8,895$8,021
6 years$8,915$8,403$7,920$7,466$7,038$6,202
7 years$7,564$7,057$6,582$6,138$5,724$4,925
8 years$6,552$6,049$5,582$5,149$4,749$3,987
9 years$5,765$5,267$4,808$4,386$3,999$3,274
10 years$5,136$4,642$4,191$3,781$3,407$2,718
11 years$4,621$4,133$3,690$3,290$2,930$2,277
12 years$4,193$3,709$3,275$2,886$2,539$1,920
13 years$3,831$3,352$2,926$2,548$2,214$1,629
14 years$3,521$3,047$2,629$2,262$1,941$1,388
15 years$3,252$2,783$2,374$2,017$1,709$1,187
16 years$3,017$2,554$2,152$1,806$1,511$1,019
17 years$2,810$2,352$1,958$1,623$1,339$877
18 years$2,626$2,173$1,788$1,462$1,191$756
19 years$2,462$2,014$1,636$1,321$1,061$653
20 years$2,315$1,872$1,502$1,197$948$566
21 years$2,181$1,743$1,381$1,086$848$490
22 years$2,060$1,627$1,273$988$761$426
23 years$1,950$1,522$1,176$899$683$370
24 years$1,849$1,426$1,087$820$614$322
25 years$1,756$1,338$1,007$749$552$280
26 years$1,670$1,258$934$685$497$244
27 years$1,591$1,184$867$627$448$212
28 years$1,518$1,115$806$574$405$185
29 years$1,450$1,052$750$527$365$161
30 years$1,386$994$699$483$330$141
31 years$1,327$939$651$444$298$123
32 years$1,272$889$608$408$270$107
33 years$1,220$842$568$375$244$94
34 years$1,171$798$530$345$221$82
35 years$1,125$757$496$318$200$72
36 years$1,082$718$464$293$182$63
37 years$1,041$682$434$270$165$55
38 years$1,002$648$407$249$149$48
39 years$966$616$381$229$135$42
40 years$931$587$357$211$123$37
41 years$898$558$335$195$111$32
42 years$867$532$314$180$101$28
43 years$837$507$295$166$92$24
44 years$809$483$277$153$83$21
45 years$782$461$260$142$76$19
46 years$757$439$244$131$69$16
47 years$732$419$229$121$62$14
48 years$709$400$215$112$57$12
49 years$686$382$202$103$51$11
50 years$665$365$190$95$47$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $681,000, adding $5,772 every year, while hoping to spend $21,501 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: 48/26/26 Blend
53$681,000$681,000$681,000$681,000
54$756,416$720,323$709,767$786,877
55$810,693$732,742$710,668$821,247
56$869,787$745,049$710,877$855,968
57$934,164$757,215$710,351$893,250
58$1,004,341$769,211$709,040$933,345
59$1,080,885$781,004$706,895$976,529
60$1,164,421$792,559$703,861$1,023,110
61$1,255,637$803,838$699,885$1,073,427
62$1,355,288$814,803$694,907$1,127,852
63$1,464,208$825,409$688,868$1,186,799
64$1,583,315$835,611$681,702$1,250,724
65$1,713,617$845,361$673,344$1,320,129
66$1,856,228$854,606$663,723$1,395,570
67$2,012,372$863,290$652,766$1,477,660
68$2,183,397$871,354$640,396$1,567,074
69$2,370,788$878,735$626,534$1,664,561
70$2,576,180$885,365$611,095$1,770,943
71$2,801,375$891,172$593,991$1,887,131
72$3,048,356$896,080$575,131$2,014,128
73$3,319,308$900,008$554,417$2,153,042
74$3,616,638$902,869$531,751$2,305,096
75$3,942,997$904,571$507,026$2,471,639
76$4,301,304$905,017$480,133$2,654,158
77$4,694,777$904,102$450,957$2,854,297
78$5,126,958$901,717$419,378$3,073,868
79$5,601,751$897,744$385,270$3,314,869
80$6,123,455$892,060$348,503$3,579,507
81$6,696,809$884,532$308,939$3,870,214
82$7,327,031$875,021$266,436$4,189,675
83$8,019,871$863,380$220,844$4,540,851
84$8,781,663$849,451$172,007$4,927,007
85$9,619,386$833,068$119,764$5,351,747
86$10,540,730$814,055$63,942$5,819,045
87$11,554,167$792,225$4,366$6,333,282
88$12,669,029$767,382$0$6,899,294
89$13,895,603$739,316$0$7,538,837
90$15,245,218$707,807$0$8,243,726
91$16,730,361$672,619$0$9,019,287
92$18,364,787$633,507$0$9,872,729
93$20,163,654$590,208$0$10,811,998
94$22,143,664$542,446$0$11,845,853
95$24,323,220$489,927$0$12,983,948
96$26,722,598$432,344$0$14,236,924
97$29,364,143$369,369$0$15,616,510
98$32,272,475$300,657$0$17,135,635
99$35,474,722$225,844$0$18,808,549
100$39,000,778$144,544$0$20,650,958