Can I retire at age 54 with 682,000?

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 $682,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$56,319$55,817$55,328$54,850$54,384$53,286
2 years$27,881$27,361$26,858$26,370$25,897$24,796
3 years$18,402$17,881$17,379$16,896$16,430$15,360
4 years$13,664$13,144$12,647$12,172$11,718$10,687
5 years$10,822$10,305$9,815$9,350$8,908$7,919
6 years$8,928$8,415$7,932$7,477$7,049$6,103
7 years$7,576$7,067$6,591$6,147$5,732$4,830
8 years$6,562$6,058$5,590$5,157$4,756$3,896
9 years$5,774$5,274$4,815$4,392$4,005$3,188
10 years$5,143$4,649$4,198$3,786$3,412$2,637
11 years$4,628$4,139$3,696$3,295$2,935$2,200
12 years$4,199$3,715$3,280$2,890$2,543$1,849
13 years$3,836$3,357$2,930$2,552$2,218$1,562
14 years$3,526$3,051$2,633$2,265$1,944$1,325
15 years$3,257$2,788$2,377$2,020$1,712$1,129
16 years$3,022$2,558$2,155$1,809$1,513$965
17 years$2,814$2,355$1,961$1,625$1,341$827
18 years$2,630$2,177$1,790$1,465$1,193$710
19 years$2,466$2,017$1,639$1,323$1,063$611
20 years$2,318$1,874$1,504$1,199$950$526
21 years$2,184$1,746$1,383$1,088$850$454
22 years$2,063$1,630$1,275$989$762$392
23 years$1,952$1,524$1,177$901$684$339
24 years$1,851$1,428$1,089$822$615$294
25 years$1,758$1,340$1,008$750$553$254
26 years$1,673$1,260$935$686$498$220
27 years$1,593$1,185$868$628$449$191
28 years$1,520$1,117$807$575$405$166
29 years$1,452$1,054$751$528$366$144
30 years$1,388$995$700$484$331$125
31 years$1,329$941$652$445$299$109
32 years$1,273$890$609$409$270$94
33 years$1,221$843$568$376$245$82
34 years$1,172$799$531$346$222$71
35 years$1,127$758$497$318$201$62
36 years$1,083$719$464$293$182$54
37 years$1,042$683$435$270$165$47
38 years$1,004$649$407$249$149$41
39 years$967$617$381$230$135$35
40 years$932$587$358$212$123$31
41 years$900$559$335$195$111$27
42 years$868$533$314$180$101$23
43 years$839$507$295$166$92$20
44 years$810$484$277$154$83$18
45 years$783$461$260$142$76$15
46 years$758$440$244$131$69$13
47 years$733$420$229$121$62$12
48 years$710$401$216$112$57$10
49 years$687$383$203$103$51$9
50 years$666$366$191$96$47$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $682,000, adding $3,881 every year, while hoping to spend $37,609 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: 38/39/23 Blend
53$682,000$682,000$682,000$682,000
54$755,567$719,421$708,850$778,959
55$792,619$714,657$692,581$791,545
56$832,190$708,399$674,506$801,341
57$874,497$700,534$654,526$811,176
58$919,779$690,943$632,535$821,075
59$968,295$679,498$608,424$831,069
60$1,020,333$666,066$582,078$841,196
61$1,076,208$650,503$553,378$851,501
62$1,136,263$632,660$522,198$862,038
63$1,200,877$612,376$488,407$872,868
64$1,270,467$589,483$451,869$884,064
65$1,345,488$563,801$412,441$895,711
66$1,426,443$535,142$369,973$907,905
67$1,513,883$503,307$324,309$920,758
68$1,608,412$468,082$275,287$934,400
69$1,710,697$429,245$222,736$948,976
70$1,821,469$386,559$166,478$964,655
71$1,941,533$339,774$106,329$981,626
72$2,071,773$288,627$42,095$1,000,107
73$2,213,161$232,837$0$1,020,343
74$2,366,769$172,111$0$1,049,104
75$2,533,772$106,138$0$1,091,657
76$2,715,466$34,587$0$1,138,067
77$2,913,275$0$0$1,188,790
78$3,128,766$0$0$1,262,737
79$3,363,665$0$0$1,359,608
80$3,619,871$0$0$1,465,354
81$3,899,473$0$0$1,580,849
82$4,204,771$0$0$1,707,055
83$4,538,297$0$0$1,845,030
84$4,902,838$0$0$1,995,939
85$5,301,465$0$0$2,161,067
86$5,737,555$0$0$2,341,827
87$6,214,830$0$0$2,539,774
88$6,737,387$0$0$2,756,623
89$7,309,736$0$0$2,994,262
90$7,936,847$0$0$3,254,767
91$8,624,191$0$0$3,540,430
92$9,377,794$0$0$3,853,772
93$10,204,294$0$0$4,197,568
94$11,111,001$0$0$4,574,880
95$12,105,966$0$0$4,989,076
96$13,198,060$0$0$5,443,868
97$14,397,052$0$0$5,943,345
98$15,713,704$0$0$6,492,011
99$17,159,871$0$0$7,094,828
100$18,748,613$0$0$7,757,262