Can I retire at age 54 with 684,000?

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 $684,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$56,484$55,981$55,490$55,011$54,543$54,064
2 years$27,962$27,442$26,937$26,448$25,973$25,490
3 years$18,456$17,933$17,430$16,945$16,478$16,006
4 years$13,704$13,183$12,685$12,208$11,752$11,295
5 years$10,854$10,336$9,844$9,377$8,934$8,493
6 years$8,954$8,440$7,955$7,499$7,069$6,645
7 years$7,598$7,088$6,611$6,165$5,749$5,342
8 years$6,581$6,075$5,606$5,172$4,769$4,380
9 years$5,790$5,290$4,829$4,405$4,017$3,643
10 years$5,158$4,663$4,210$3,797$3,422$3,066
11 years$4,642$4,151$3,706$3,305$2,943$2,603
12 years$4,211$3,726$3,289$2,899$2,551$2,227
13 years$3,848$3,367$2,939$2,559$2,224$1,916
14 years$3,536$3,060$2,640$2,272$1,950$1,657
15 years$3,266$2,796$2,384$2,026$1,717$1,439
16 years$3,030$2,565$2,161$1,814$1,517$1,254
17 years$2,823$2,362$1,967$1,630$1,345$1,096
18 years$2,638$2,183$1,795$1,469$1,196$960
19 years$2,473$2,023$1,644$1,327$1,066$843
20 years$2,325$1,880$1,508$1,202$952$742
21 years$2,191$1,751$1,388$1,091$852$654
22 years$2,069$1,635$1,279$992$764$577
23 years$1,958$1,529$1,181$903$686$510
24 years$1,857$1,432$1,092$824$616$451
25 years$1,763$1,344$1,011$752$555$399
26 years$1,678$1,263$938$688$500$354
27 years$1,598$1,189$871$630$450$314
28 years$1,524$1,120$810$577$406$279
29 years$1,456$1,057$754$529$367$247
30 years$1,392$998$702$486$332$220
31 years$1,333$944$654$446$300$195
32 years$1,277$893$611$410$271$174
33 years$1,225$846$570$377$245$154
34 years$1,176$801$533$347$222$137
35 years$1,130$760$498$319$201$122
36 years$1,086$721$466$294$182$109
37 years$1,045$685$436$271$165$97
38 years$1,007$651$408$250$150$86
39 years$970$619$383$230$136$77
40 years$935$589$359$212$123$69
41 years$902$561$336$196$112$61
42 years$871$534$315$181$101$54
43 years$841$509$296$167$92$49
44 years$813$485$278$154$84$43
45 years$786$463$261$142$76$39
46 years$760$441$245$131$69$34
47 years$735$421$230$121$63$31
48 years$712$402$216$112$57$27
49 years$689$384$203$104$52$24
50 years$668$367$191$96$47$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $684,000, adding $6,423 every year, while hoping to spend $26,130 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: 55/27/18 Blend
53$684,000$684,000$684,000$684,000
54$760,393$724,141$713,539$798,213
55$810,151$731,822$709,641$832,416
56$864,109$739,004$704,736$866,308
57$922,667$745,633$698,763$902,634
58$986,266$751,656$691,659$941,636
59$1,055,391$757,013$683,355$983,578
60$1,130,575$761,641$673,782$1,028,751
61$1,212,405$765,474$662,865$1,077,480
62$1,301,527$768,439$650,528$1,130,121
63$1,398,652$770,461$636,689$1,187,069
64$1,504,560$771,460$621,265$1,248,758
65$1,620,114$771,350$604,166$1,315,671
66$1,746,260$770,040$585,300$1,388,337
67$1,884,041$767,435$564,570$1,467,345
68$2,034,605$763,431$541,875$1,553,341
69$2,199,216$757,920$517,109$1,647,043
70$2,379,266$750,788$490,161$1,749,240
71$2,576,286$741,911$460,916$1,860,804
72$2,791,963$731,161$429,253$1,982,699
73$3,028,156$718,400$395,046$2,115,990
74$3,286,910$703,484$358,162$2,261,850
75$3,570,478$686,258$318,464$2,421,575
76$3,881,342$666,560$275,807$2,596,598
77$4,222,234$644,216$230,042$2,788,497
78$4,596,164$619,045$181,011$2,999,016
79$5,006,448$590,854$128,550$3,230,080
80$5,456,738$559,437$72,488$3,483,812
81$5,951,055$524,580$12,647$3,762,556
82$6,493,831$486,053$0$4,068,899
83$7,089,947$443,615$0$4,415,530
84$7,744,780$397,010$0$4,798,993
85$8,464,253$345,970$0$5,220,371
86$9,254,892$290,207$0$5,683,538
87$10,123,886$229,422$0$6,192,765
88$11,079,154$163,295$0$6,752,763
89$12,129,422$91,491$0$7,368,724
90$13,284,304$13,655$0$8,046,374
91$14,554,391$0$0$8,792,026
92$15,951,352$0$0$9,633,614
93$17,488,044$0$0$10,563,916
94$19,178,632$0$0$11,587,461
95$21,038,725$0$0$12,713,707
96$23,085,520$0$0$13,953,076
97$25,337,964$0$0$15,317,052
98$27,816,936$0$0$16,818,288
99$30,545,439$0$0$18,470,725
100$33,548,822$0$0$20,289,725