Can I retire at age 54 with 682,000?

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 $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%18.9%
1 years$56,319$55,817$55,328$54,850$54,384$52,433
2 years$27,881$27,361$26,858$26,370$25,897$23,953
3 years$18,402$17,881$17,379$16,896$16,430$14,554
4 years$13,664$13,144$12,647$12,172$11,718$9,924
5 years$10,822$10,305$9,815$9,350$8,908$7,200
6 years$8,928$8,415$7,932$7,477$7,049$5,429
7 years$7,576$7,067$6,591$6,147$5,732$4,200
8 years$6,562$6,058$5,590$5,157$4,756$3,309
9 years$5,774$5,274$4,815$4,392$4,005$2,643
10 years$5,143$4,649$4,198$3,786$3,412$2,133
11 years$4,628$4,139$3,696$3,295$2,935$1,734
12 years$4,199$3,715$3,280$2,890$2,543$1,419
13 years$3,836$3,357$2,930$2,552$2,218$1,167
14 years$3,526$3,051$2,633$2,265$1,944$963
15 years$3,257$2,788$2,377$2,020$1,712$798
16 years$3,022$2,558$2,155$1,809$1,513$663
17 years$2,814$2,355$1,961$1,625$1,341$551
18 years$2,630$2,177$1,790$1,465$1,193$460
19 years$2,466$2,017$1,639$1,323$1,063$384
20 years$2,318$1,874$1,504$1,199$950$321
21 years$2,184$1,746$1,383$1,088$850$268
22 years$2,063$1,630$1,275$989$762$225
23 years$1,952$1,524$1,177$901$684$188
24 years$1,851$1,428$1,089$822$615$158
25 years$1,758$1,340$1,008$750$553$133
26 years$1,673$1,260$935$686$498$111
27 years$1,593$1,185$868$628$449$93
28 years$1,520$1,117$807$575$405$78
29 years$1,452$1,054$751$528$366$66
30 years$1,388$995$700$484$331$55
31 years$1,329$941$652$445$299$47
32 years$1,273$890$609$409$270$39
33 years$1,221$843$568$376$245$33
34 years$1,172$799$531$346$222$28
35 years$1,127$758$497$318$201$23
36 years$1,083$719$464$293$182$20
37 years$1,042$683$435$270$165$16
38 years$1,004$649$407$249$149$14
39 years$967$617$381$230$135$12
40 years$932$587$358$212$123$10
41 years$900$559$335$195$111$8
42 years$868$533$314$180$101$7
43 years$839$507$295$166$92$6
44 years$810$484$277$154$83$5
45 years$783$461$260$142$76$4
46 years$758$440$244$131$69$3
47 years$733$420$229$121$62$3
48 years$710$401$216$112$57$2
49 years$687$383$203$103$51$2
50 years$666$366$191$96$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $682,000, adding $3,371 every year, while hoping to spend $41,380 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: 33/48/19 Blend
53$682,000$682,000$682,000$682,000
54$755,041$718,895$708,324$775,426
55$788,027$710,093$688,025$782,022
56$822,991$699,473$665,659$785,086
57$860,091$686,901$641,113$787,518
58$899,499$672,239$614,269$789,289
59$941,405$655,335$585,004$790,367
60$986,015$636,033$553,189$790,724
61$1,033,556$614,166$518,688$790,330
62$1,084,275$589,557$481,360$789,160
63$1,138,445$562,019$441,059$787,189
64$1,196,362$531,354$397,631$784,396
65$1,258,354$497,353$350,914$780,762
66$1,324,777$459,795$300,741$776,275
67$1,396,025$418,445$246,937$770,923
68$1,472,528$373,058$189,318$764,704
69$1,554,759$323,370$127,693$757,621
70$1,643,237$269,108$61,863$749,683
71$1,738,531$209,977$0$740,912
72$1,841,266$145,672$0$733,036
73$1,952,132$75,866$0$737,892
74$2,071,881$216$0$743,027
75$2,201,345$0$0$748,559
76$2,341,436$0$0$797,750
77$2,493,155$0$0$851,231
78$2,657,606$0$0$909,290
79$2,836,001$0$0$972,364
80$3,029,673$0$0$1,040,937
81$3,240,088$0$0$1,115,540
82$3,468,859$0$0$1,196,758
83$3,717,760$0$0$1,285,234
84$3,988,744$0$0$1,381,677
85$4,283,960$0$0$1,486,866
86$4,605,771$0$0$1,601,658
87$4,956,779$0$0$1,726,998
88$5,339,849$0$0$1,863,924
89$5,758,132$0$0$2,013,581
90$6,215,099$0$0$2,177,228
91$6,714,570$0$0$2,356,253
92$7,260,752$0$0$2,552,182
93$7,858,275$0$0$2,766,697
94$8,512,239$0$0$3,001,649
95$9,228,258$0$0$3,259,079
96$10,012,516$0$0$3,541,230
97$10,871,821$0$0$3,850,578
98$11,813,674$0$0$4,189,846
99$12,846,333$0$0$4,562,033
100$13,978,895$0$0$4,970,446