Can I retire at age 54 with 685,000?

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 $685,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$56,567$56,063$55,571$55,091$54,623$52,832
2 years$28,003$27,482$26,976$26,486$26,011$24,224
3 years$18,483$17,960$17,455$16,970$16,502$14,775
4 years$13,724$13,202$12,703$12,226$11,770$10,115
5 years$10,870$10,351$9,858$9,391$8,947$7,370
6 years$8,967$8,452$7,967$7,510$7,080$5,581
7 years$7,609$7,098$6,620$6,174$5,758$4,338
8 years$6,591$6,084$5,615$5,179$4,776$3,434
9 years$5,799$5,298$4,836$4,412$4,022$2,756
10 years$5,166$4,670$4,216$3,803$3,427$2,235
11 years$4,649$4,157$3,712$3,310$2,948$1,827
12 years$4,218$3,731$3,294$2,903$2,554$1,503
13 years$3,853$3,372$2,943$2,563$2,227$1,243
14 years$3,541$3,065$2,644$2,275$1,953$1,032
15 years$3,271$2,800$2,387$2,029$1,719$859
16 years$3,035$2,569$2,165$1,817$1,519$718
17 years$2,827$2,366$1,970$1,632$1,347$601
18 years$2,642$2,186$1,798$1,471$1,198$504
19 years$2,477$2,026$1,646$1,329$1,068$423
20 years$2,328$1,883$1,511$1,204$954$356
21 years$2,194$1,754$1,390$1,093$853$300
22 years$2,072$1,637$1,281$993$765$253
23 years$1,961$1,531$1,182$905$687$213
24 years$1,859$1,434$1,094$825$617$180
25 years$1,766$1,346$1,013$754$555$152
26 years$1,680$1,265$939$689$500$128
27 years$1,600$1,191$872$631$451$108
28 years$1,527$1,122$811$578$407$92
29 years$1,458$1,058$755$530$368$77
30 years$1,394$1,000$703$486$332$65
31 years$1,335$945$655$447$300$55
32 years$1,279$894$611$410$272$47
33 years$1,227$847$571$377$246$40
34 years$1,178$803$533$347$223$34
35 years$1,131$761$499$320$202$28
36 years$1,088$722$467$294$183$24
37 years$1,047$686$437$271$166$20
38 years$1,008$652$409$250$150$17
39 years$971$620$383$231$136$15
40 years$937$590$359$213$123$12
41 years$903$562$337$196$112$10
42 years$872$535$316$181$102$9
43 years$842$510$296$167$92$7
44 years$814$486$278$154$84$6
45 years$787$463$261$143$76$5
46 years$761$442$245$132$69$5
47 years$736$422$230$122$63$4
48 years$713$403$217$112$57$3
49 years$690$384$204$104$52$3
50 years$669$367$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 $685,000, adding $5,542 every year, while hoping to spend $39,492 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: 55/35/10 Blend
53$685,000$685,000$685,000$685,000
54$760,587$724,282$713,664$800,231
55$796,147$717,752$695,553$821,172
56$834,011$709,579$675,511$839,150
57$874,373$699,641$653,432$857,787
58$917,442$687,807$629,206$877,151
59$963,452$673,940$602,715$897,320
60$1,012,657$657,896$573,839$918,382
61$1,065,335$639,519$542,449$940,438
62$1,121,791$618,648$508,414$963,598
63$1,182,362$595,110$471,594$987,989
64$1,247,415$568,722$431,844$1,013,751
65$1,317,353$539,292$389,013$1,041,042
66$1,392,620$506,614$342,942$1,070,041
67$1,473,703$470,473$293,466$1,100,945
68$1,561,135$430,642$240,412$1,133,978
69$1,655,505$386,877$183,599$1,169,387
70$1,757,458$338,925$122,841$1,207,452
71$1,867,701$286,515$57,939$1,248,483
72$1,987,016$229,364$0$1,292,825
73$2,116,258$167,169$0$1,342,076
74$2,256,370$99,614$0$1,402,133
75$2,408,387$26,362$0$1,467,312
76$2,573,449$0$0$1,538,175
77$2,752,808$0$0$1,635,731
78$2,947,843$0$0$1,752,910
79$3,160,071$0$0$1,880,478
80$3,391,160$0$0$2,019,443
81$3,642,945$0$0$2,170,918
82$3,917,449$0$0$2,336,127
83$4,216,894$0$0$2,516,416
84$4,543,727$0$0$2,713,267
85$4,900,645$0$0$2,928,313
86$5,290,611$0$0$3,163,350
87$5,716,893$0$0$3,420,356
88$6,183,084$0$0$3,701,508
89$6,693,144$0$0$4,009,204
90$7,251,430$0$0$4,346,085
91$7,862,742$0$0$4,715,058
92$8,532,366$0$0$5,119,324
93$9,266,122$0$0$5,562,411
94$10,070,419$0$0$6,048,201
95$10,952,318$0$0$6,580,973
96$11,919,594$0$0$7,165,436
97$12,980,812$0$0$7,806,781
98$14,145,405$0$0$8,510,723
99$15,423,764$0$0$9,283,557
100$16,827,334$0$0$10,132,221