Can I retire at age 54 with 683,000?

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 $683,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$56,402$55,899$55,409$54,931$54,463$53,561
2 years$27,922$27,402$26,898$26,409$25,935$25,029
3 years$18,429$17,907$17,404$16,920$16,454$15,572
4 years$13,684$13,164$12,666$12,190$11,735$10,884
5 years$10,838$10,320$9,829$9,363$8,921$8,103
6 years$8,941$8,427$7,944$7,488$7,059$6,275
7 years$7,587$7,077$6,601$6,156$5,741$4,991
8 years$6,571$6,067$5,598$5,164$4,762$4,048
9 years$5,782$5,282$4,822$4,399$4,011$3,330
10 years$5,151$4,656$4,204$3,792$3,417$2,770
11 years$4,635$4,145$3,701$3,300$2,939$2,324
12 years$4,205$3,720$3,284$2,895$2,547$1,964
13 years$3,842$3,362$2,934$2,555$2,221$1,669
14 years$3,531$3,056$2,637$2,268$1,947$1,425
15 years$3,261$2,792$2,381$2,023$1,714$1,222
16 years$3,026$2,561$2,158$1,811$1,515$1,051
17 years$2,818$2,359$1,964$1,628$1,343$906
18 years$2,634$2,180$1,793$1,467$1,194$783
19 years$2,469$2,020$1,641$1,325$1,065$678
20 years$2,321$1,877$1,506$1,200$951$588
21 years$2,188$1,749$1,385$1,089$851$511
22 years$2,066$1,632$1,277$991$763$445
23 years$1,955$1,527$1,179$902$685$387
24 years$1,854$1,430$1,090$823$615$338
25 years$1,761$1,342$1,010$751$554$295
26 years$1,675$1,261$937$687$499$257
27 years$1,596$1,187$870$629$450$225
28 years$1,522$1,119$809$576$406$196
29 years$1,454$1,055$752$528$366$172
30 years$1,390$997$701$485$331$150
31 years$1,331$942$653$445$299$131
32 years$1,275$892$610$409$271$115
33 years$1,223$844$569$376$245$101
34 years$1,174$800$532$346$222$88
35 years$1,128$759$497$319$201$77
36 years$1,085$720$465$294$182$68
37 years$1,044$684$435$271$165$59
38 years$1,005$650$408$249$150$52
39 years$968$618$382$230$136$46
40 years$934$588$358$212$123$40
41 years$901$560$336$196$112$35
42 years$870$533$315$181$101$31
43 years$840$508$296$167$92$27
44 years$812$484$277$154$83$24
45 years$785$462$260$142$76$21
46 years$759$441$245$131$69$18
47 years$734$420$230$121$62$16
48 years$711$401$216$112$57$14
49 years$688$383$203$104$52$12
50 years$667$366$191$96$47$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $683,000, adding $6,441 every year, while hoping to spend $48,831 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: 46/47/7 Blend
53$683,000$683,000$683,000$683,000
54$759,310$723,111$712,524$792,492
55$784,804$706,588$684,438$799,473
56$811,261$687,618$653,774$801,433
57$838,729$666,031$620,395$802,421
58$867,258$641,644$584,157$802,363
59$896,900$614,267$544,908$801,182
60$927,713$583,695$502,491$798,794
61$959,758$549,714$456,743$795,113
62$993,100$512,097$407,490$790,048
63$1,027,809$470,602$354,554$783,502
64$1,063,961$424,978$297,748$775,376
65$1,101,637$374,954$236,875$765,564
66$1,140,925$320,247$171,730$753,956
67$1,181,918$260,558$102,102$740,437
68$1,224,717$195,569$27,766$724,885
69$1,269,433$124,946$0$707,175
70$1,316,184$48,337$0$691,027
71$1,365,096$0$0$674,916
72$1,416,310$0$0$674,552
73$1,469,975$0$0$700,389
74$1,526,254$0$0$727,507
75$1,585,322$0$0$755,995
76$1,647,373$0$0$785,949
77$1,712,613$0$0$817,473
78$1,781,270$0$0$850,681
79$1,853,590$0$0$885,694
80$1,929,842$0$0$922,649
81$2,010,318$0$0$961,692
82$2,095,337$0$0$1,002,982
83$2,185,246$0$0$1,046,694
84$2,280,426$0$0$1,093,020
85$2,381,292$0$0$1,142,167
86$2,488,296$0$0$1,194,363
87$2,601,934$0$0$1,249,858
88$2,722,747$0$0$1,308,924
89$2,851,330$0$0$1,371,859
90$2,988,330$0$0$1,438,991
91$3,134,458$0$0$1,510,677
92$3,290,492$0$0$1,587,309
93$3,457,287$0$0$1,669,318
94$3,635,776$0$0$1,757,175
95$3,826,985$0$0$1,851,398
96$4,032,038$0$0$1,952,554
97$4,252,170$0$0$2,061,265
98$4,488,735$0$0$2,178,216
99$4,743,219$0$0$2,304,157
100$5,017,255$0$0$2,439,912