Can I retire at age 54 with 683,000?

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 $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%15.7%
1 years$56,402$55,899$55,409$54,931$54,463$53,190
2 years$27,922$27,402$26,898$26,409$25,935$24,659
3 years$18,429$17,907$17,404$16,920$16,454$15,216
4 years$13,684$13,164$12,666$12,190$11,735$10,544
5 years$10,838$10,320$9,829$9,363$8,921$7,780
6 years$8,941$8,427$7,944$7,488$7,059$5,970
7 years$7,587$7,077$6,601$6,156$5,741$4,703
8 years$6,571$6,067$5,598$5,164$4,762$3,777
9 years$5,782$5,282$4,822$4,399$4,011$3,075
10 years$5,151$4,656$4,204$3,792$3,417$2,532
11 years$4,635$4,145$3,701$3,300$2,939$2,102
12 years$4,205$3,720$3,284$2,895$2,547$1,756
13 years$3,842$3,362$2,934$2,555$2,221$1,476
14 years$3,531$3,056$2,637$2,268$1,947$1,246
15 years$3,261$2,792$2,381$2,023$1,714$1,055
16 years$3,026$2,561$2,158$1,811$1,515$897
17 years$2,818$2,359$1,964$1,628$1,343$764
18 years$2,634$2,180$1,793$1,467$1,194$652
19 years$2,469$2,020$1,641$1,325$1,065$558
20 years$2,321$1,877$1,506$1,200$951$478
21 years$2,188$1,749$1,385$1,089$851$410
22 years$2,066$1,632$1,277$991$763$352
23 years$1,955$1,527$1,179$902$685$302
24 years$1,854$1,430$1,090$823$615$260
25 years$1,761$1,342$1,010$751$554$224
26 years$1,675$1,261$937$687$499$193
27 years$1,596$1,187$870$629$450$166
28 years$1,522$1,119$809$576$406$143
29 years$1,454$1,055$752$528$366$123
30 years$1,390$997$701$485$331$106
31 years$1,331$942$653$445$299$92
32 years$1,275$892$610$409$271$79
33 years$1,223$844$569$376$245$68
34 years$1,174$800$532$346$222$59
35 years$1,128$759$497$319$201$51
36 years$1,085$720$465$294$182$44
37 years$1,044$684$435$271$165$38
38 years$1,005$650$408$249$150$33
39 years$968$618$382$230$136$28
40 years$934$588$358$212$123$25
41 years$901$560$336$196$112$21
42 years$870$533$315$181$101$18
43 years$840$508$296$167$92$16
44 years$812$484$277$154$83$14
45 years$785$462$260$142$76$12
46 years$759$441$245$131$69$10
47 years$734$420$230$121$62$9
48 years$711$401$216$112$57$8
49 years$688$383$203$104$52$7
50 years$667$366$191$96$47$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $683,000, adding $6,941 every year, while hoping to spend $31,064 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: 66/18/16 Blend
53$683,000$683,000$683,000$683,000
54$759,826$723,627$713,040$806,596
55$804,276$726,032$703,875$841,142
56$852,219$727,515$693,362$874,638
57$903,979$727,996$681,423$910,488
58$959,910$727,394$667,976$948,921
59$1,020,403$725,619$652,936$990,190
60$1,085,888$722,578$636,213$1,034,575
61$1,156,837$718,172$617,714$1,082,386
62$1,233,769$712,297$597,342$1,133,964
63$1,317,254$704,840$574,993$1,189,686
64$1,407,920$695,684$550,562$1,249,969
65$1,506,458$684,702$523,936$1,315,274
66$1,613,627$671,763$494,998$1,386,107
67$1,730,262$656,725$463,626$1,463,031
68$1,857,284$639,440$429,693$1,546,665
69$1,995,705$619,749$393,065$1,637,692
70$2,146,636$597,487$353,602$1,736,870
71$2,311,305$572,476$311,160$1,845,031
72$2,491,060$544,529$265,586$1,963,097
73$2,687,387$513,449$216,721$2,092,084
74$2,901,919$479,027$164,399$2,233,114
75$3,136,456$441,041$108,449$2,387,426
76$3,392,980$399,257$48,687$2,556,388
77$3,673,673$353,430$0$2,741,507
78$3,980,937$303,297$0$2,947,027
79$4,317,417$248,583$0$3,181,246
80$4,686,026$188,996$0$3,437,908
81$5,089,972$124,229$0$3,719,288
82$5,532,790$53,956$0$4,027,893
83$6,018,369$0$0$4,366,490
84$6,550,996$0$0$4,742,516
85$7,135,393$0$0$5,166,862
86$7,776,757$0$0$5,632,619
87$8,480,818$0$0$6,143,954
88$9,253,884$0$0$6,705,455
89$10,102,906$0$0$7,322,175
90$11,035,539$0$0$7,999,683
91$12,060,218$0$0$8,744,112
92$13,186,235$0$0$9,562,219
93$14,423,825$0$0$10,461,449
94$15,784,267$0$0$11,450,003
95$17,279,983$0$0$12,536,916
96$18,924,663$0$0$13,732,143
97$20,733,387$0$0$15,046,651
98$22,722,771$0$0$16,492,526
99$24,911,121$0$0$18,083,079
100$27,318,607$0$0$19,832,981