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%18.3%
1 years$56,402$55,899$55,409$54,931$54,463$52,636
2 years$27,922$27,402$26,898$26,409$25,935$24,112
3 years$18,429$17,907$17,404$16,920$16,454$14,693
4 years$13,684$13,164$12,666$12,190$11,735$10,049
5 years$10,838$10,320$9,829$9,363$8,921$7,314
6 years$8,941$8,427$7,944$7,488$7,059$5,533
7 years$7,587$7,077$6,601$6,156$5,741$4,295
8 years$6,571$6,067$5,598$5,164$4,762$3,396
9 years$5,782$5,282$4,822$4,399$4,011$2,723
10 years$5,151$4,656$4,204$3,792$3,417$2,205
11 years$4,635$4,145$3,701$3,300$2,939$1,800
12 years$4,205$3,720$3,284$2,895$2,547$1,479
13 years$3,842$3,362$2,934$2,555$2,221$1,221
14 years$3,531$3,056$2,637$2,268$1,947$1,012
15 years$3,261$2,792$2,381$2,023$1,714$842
16 years$3,026$2,561$2,158$1,811$1,515$702
17 years$2,818$2,359$1,964$1,628$1,343$587
18 years$2,634$2,180$1,793$1,467$1,194$492
19 years$2,469$2,020$1,641$1,325$1,065$412
20 years$2,321$1,877$1,506$1,200$951$346
21 years$2,188$1,749$1,385$1,089$851$291
22 years$2,066$1,632$1,277$991$763$245
23 years$1,955$1,527$1,179$902$685$206
24 years$1,854$1,430$1,090$823$615$174
25 years$1,761$1,342$1,010$751$554$146
26 years$1,675$1,261$937$687$499$123
27 years$1,596$1,187$870$629$450$104
28 years$1,522$1,119$809$576$406$88
29 years$1,454$1,055$752$528$366$74
30 years$1,390$997$701$485$331$63
31 years$1,331$942$653$445$299$53
32 years$1,275$892$610$409$271$45
33 years$1,223$844$569$376$245$38
34 years$1,174$800$532$346$222$32
35 years$1,128$759$497$319$201$27
36 years$1,085$720$465$294$182$23
37 years$1,044$684$435$271$165$19
38 years$1,005$650$408$249$150$16
39 years$968$618$382$230$136$14
40 years$934$588$358$212$123$12
41 years$901$560$336$196$112$10
42 years$870$533$315$181$101$8
43 years$840$508$296$167$92$7
44 years$812$484$277$154$83$6
45 years$785$462$260$142$76$5
46 years$759$441$245$131$69$4
47 years$734$420$230$121$62$4
48 years$711$401$216$112$57$3
49 years$688$383$203$104$52$3
50 years$667$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 $683,000, adding $3,361 every year, while hoping to spend $47,008 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: 66/12/22 Blend
53$683,000$683,000$683,000$683,000
54$756,133$719,934$709,347$801,581
55$783,242$705,194$683,094$817,783
56$811,541$688,157$654,386$829,820
57$841,102$668,660$623,092$841,881
58$872,001$646,532$589,072$853,969
59$904,323$621,589$552,184$866,090
60$938,158$593,641$512,276$878,251
61$973,604$562,484$469,192$890,462
62$1,010,769$527,902$422,766$902,736
63$1,049,766$489,669$372,828$915,090
64$1,090,722$447,542$319,197$927,544
65$1,133,773$401,269$261,688$940,123
66$1,179,067$350,580$200,103$952,855
67$1,226,764$295,191$134,239$965,777
68$1,277,041$234,802$63,883$978,930
69$1,330,088$169,097$0$992,363
70$1,386,114$97,739$0$1,008,760
71$1,445,345$20,376$0$1,041,734
72$1,508,031$0$0$1,076,405
73$1,574,441$0$0$1,121,288
74$1,644,872$0$0$1,171,763
75$1,719,646$0$0$1,225,373
76$1,799,118$0$0$1,282,376
77$1,883,674$0$0$1,343,051
78$1,973,737$0$0$1,407,706
79$2,069,772$0$0$1,476,677
80$2,172,286$0$0$1,550,333
81$2,281,836$0$0$1,629,078
82$2,399,030$0$0$1,713,354
83$2,524,539$0$0$1,803,646
84$2,659,095$0$0$1,900,488
85$2,803,503$0$0$2,004,462
86$2,958,645$0$0$2,116,211
87$3,125,492$0$0$2,236,439
88$3,305,106$0$0$2,365,917
89$3,498,657$0$0$2,505,495
90$3,707,428$0$0$2,656,104
91$3,932,828$0$0$2,818,770
92$4,176,407$0$0$2,994,618
93$4,439,867$0$0$3,184,885
94$4,725,081$0$0$3,390,931
95$5,034,106$0$0$3,614,250
96$5,369,204$0$0$3,856,488
97$5,732,862$0$0$4,119,452
98$6,127,818$0$0$4,405,131
99$6,557,081$0$0$4,715,712
100$7,023,962$0$0$5,053,602