Can I retire at age 54 with 681,000?

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 $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%18%
1 years$56,236$55,735$55,247$54,770$54,304$52,545
2 years$27,840$27,321$26,819$26,332$25,859$24,103
3 years$18,375$17,855$17,354$16,871$16,406$14,708
4 years$13,644$13,125$12,629$12,155$11,701$10,075
5 years$10,806$10,290$9,801$9,336$8,895$7,345
6 years$8,915$8,403$7,920$7,466$7,038$5,565
7 years$7,564$7,057$6,582$6,138$5,724$4,328
8 years$6,552$6,049$5,582$5,149$4,749$3,428
9 years$5,765$5,267$4,808$4,386$3,999$2,753
10 years$5,136$4,642$4,191$3,781$3,407$2,234
11 years$4,621$4,133$3,690$3,290$2,930$1,827
12 years$4,193$3,709$3,275$2,886$2,539$1,504
13 years$3,831$3,352$2,926$2,548$2,214$1,245
14 years$3,521$3,047$2,629$2,262$1,941$1,034
15 years$3,252$2,783$2,374$2,017$1,709$862
16 years$3,017$2,554$2,152$1,806$1,511$720
17 years$2,810$2,352$1,958$1,623$1,339$603
18 years$2,626$2,173$1,788$1,462$1,191$507
19 years$2,462$2,014$1,636$1,321$1,061$426
20 years$2,315$1,872$1,502$1,197$948$358
21 years$2,181$1,743$1,381$1,086$848$302
22 years$2,060$1,627$1,273$988$761$255
23 years$1,950$1,522$1,176$899$683$215
24 years$1,849$1,426$1,087$820$614$182
25 years$1,756$1,338$1,007$749$552$153
26 years$1,670$1,258$934$685$497$130
27 years$1,591$1,184$867$627$448$110
28 years$1,518$1,115$806$574$405$93
29 years$1,450$1,052$750$527$365$78
30 years$1,386$994$699$483$330$66
31 years$1,327$939$651$444$298$56
32 years$1,272$889$608$408$270$48
33 years$1,220$842$568$375$244$40
34 years$1,171$798$530$345$221$34
35 years$1,125$757$496$318$200$29
36 years$1,082$718$464$293$182$25
37 years$1,041$682$434$270$165$21
38 years$1,002$648$407$249$149$18
39 years$966$616$381$229$135$15
40 years$931$587$357$211$123$13
41 years$898$558$335$195$111$11
42 years$867$532$314$180$101$9
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$3
49 years$686$382$202$103$51$3
50 years$665$365$190$95$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $681,000, adding $6,967 every year, while hoping to spend $24,559 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: 86/5/9 Blend
53$681,000$681,000$681,000$681,000
54$757,648$721,555$711,000$821,348
55$808,798$730,781$708,688$873,197
56$864,342$739,636$705,475$926,079
57$924,702$748,075$701,306$983,418
58$990,343$756,052$696,121$1,045,645
59$1,061,776$763,517$689,859$1,113,237
60$1,139,563$770,415$682,456$1,186,717
61$1,224,324$776,691$673,843$1,266,664
62$1,316,739$782,282$663,951$1,353,713
63$1,417,557$787,125$652,704$1,448,564
64$1,527,604$791,150$640,025$1,551,987
65$1,647,787$794,285$625,834$1,664,833
66$1,779,107$796,450$610,045$1,788,037
67$1,922,664$797,564$592,569$1,922,630
68$2,079,669$797,538$573,314$2,069,745
69$2,251,457$796,279$552,182$2,230,635
70$2,439,496$793,688$529,071$2,406,677
71$2,645,405$789,659$503,875$2,599,388
72$2,870,965$784,080$476,483$2,810,441
73$3,118,137$776,834$446,779$3,041,678
74$3,389,082$767,794$414,641$3,295,129
75$3,686,180$756,827$379,943$3,573,030
76$4,012,051$743,793$342,552$3,877,846
77$4,369,583$728,541$302,330$4,212,291
78$4,761,954$710,913$259,132$4,579,358
79$5,192,667$690,742$212,806$4,982,344
80$5,665,580$667,849$163,197$5,424,879
81$6,184,943$642,048$110,138$5,910,968
82$6,755,438$613,138$53,458$6,445,020
83$7,382,221$580,911$0$7,031,897
84$8,070,975$545,143$0$7,677,628
85$8,827,958$505,599$0$8,392,962
86$9,660,067$462,030$0$9,179,284
87$10,574,898$414,173$0$10,043,777
88$11,580,820$361,751$0$10,994,361
89$12,687,057$304,470$0$12,039,760
90$13,903,767$242,019$0$13,189,585
91$15,242,144$174,071$0$14,454,428
92$16,714,522$100,279$0$15,845,960
93$18,334,489$20,278$0$17,377,040
94$20,117,017$0$0$19,061,836
95$22,078,605$0$0$20,919,612
96$24,237,429$0$0$22,965,424
97$26,613,517$0$0$25,217,137
98$29,228,938$0$0$27,695,666
99$32,108,009$0$0$30,424,055
100$35,277,523$0$0$33,427,698