Can I retire at age 54 with 685,000?

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 $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%11.2%
1 years$56,567$56,063$55,571$55,091$54,623$54,347
2 years$28,003$27,482$26,976$26,486$26,011$25,732
3 years$18,483$17,960$17,455$16,970$16,502$16,230
4 years$13,724$13,202$12,703$12,226$11,770$11,505
5 years$10,870$10,351$9,858$9,391$8,947$8,692
6 years$8,967$8,452$7,967$7,510$7,080$6,834
7 years$7,609$7,098$6,620$6,174$5,758$5,521
8 years$6,591$6,084$5,615$5,179$4,776$4,549
9 years$5,799$5,298$4,836$4,412$4,022$3,805
10 years$5,166$4,670$4,216$3,803$3,427$3,219
11 years$4,649$4,157$3,712$3,310$2,948$2,748
12 years$4,218$3,731$3,294$2,903$2,554$2,364
13 years$3,853$3,372$2,943$2,563$2,227$2,046
14 years$3,541$3,065$2,644$2,275$1,953$1,780
15 years$3,271$2,800$2,387$2,029$1,719$1,555
16 years$3,035$2,569$2,165$1,817$1,519$1,363
17 years$2,827$2,366$1,970$1,632$1,347$1,199
18 years$2,642$2,186$1,798$1,471$1,198$1,057
19 years$2,477$2,026$1,646$1,329$1,068$934
20 years$2,328$1,883$1,511$1,204$954$827
21 years$2,194$1,754$1,390$1,093$853$734
22 years$2,072$1,637$1,281$993$765$652
23 years$1,961$1,531$1,182$905$687$580
24 years$1,859$1,434$1,094$825$617$517
25 years$1,766$1,346$1,013$754$555$461
26 years$1,680$1,265$939$689$500$411
27 years$1,600$1,191$872$631$451$367
28 years$1,527$1,122$811$578$407$328
29 years$1,458$1,058$755$530$368$294
30 years$1,394$1,000$703$486$332$263
31 years$1,335$945$655$447$300$235
32 years$1,279$894$611$410$272$211
33 years$1,227$847$571$377$246$189
34 years$1,178$803$533$347$223$169
35 years$1,131$761$499$320$202$152
36 years$1,088$722$467$294$183$136
37 years$1,047$686$437$271$166$122
38 years$1,008$652$409$250$150$110
39 years$971$620$383$231$136$98
40 years$937$590$359$213$123$88
41 years$903$562$337$196$112$79
42 years$872$535$316$181$102$71
43 years$842$510$296$167$92$64
44 years$814$486$278$154$84$58
45 years$787$463$261$143$76$52
46 years$761$442$245$132$69$46
47 years$736$422$230$122$63$42
48 years$713$403$217$112$57$37
49 years$690$384$204$104$52$34
50 years$669$367$191$96$47$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $685,000, adding $3,896 every year, while hoping to spend $43,361 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: 39/44/17 Blend
53$685,000$685,000$685,000$685,000
54$758,889$722,584$711,966$784,490
55$790,160$711,855$689,681$792,425
56$823,167$699,146$665,197$796,541
57$858,042$684,316$638,393$800,075
58$894,928$667,214$609,144$802,999
59$933,981$647,678$577,321$805,282
60$975,372$625,539$542,787$806,896
61$1,019,289$600,619$505,399$807,813
62$1,065,934$572,727$465,007$808,007
63$1,115,532$541,663$421,457$807,455
64$1,168,325$507,214$374,586$806,134
65$1,224,583$469,156$324,223$804,027
66$1,284,597$427,252$270,191$801,118
67$1,348,689$381,250$212,305$797,397
68$1,417,209$330,885$150,372$792,860
69$1,490,544$275,878$84,188$787,506
70$1,569,115$215,931$13,544$781,344
71$1,653,386$150,734$0$774,390
72$1,743,866$79,954$0$777,889
73$1,841,113$3,244$0$784,010
74$1,945,739$0$0$790,387
75$2,058,417$0$0$835,749
76$2,179,887$0$0$886,413
77$2,310,958$0$0$941,156
78$2,452,524$0$0$1,000,358
79$2,605,563$0$0$1,064,440
80$2,771,154$0$0$1,133,863
81$2,950,479$0$0$1,209,134
82$3,144,840$0$0$1,290,811
83$3,355,668$0$0$1,379,506
84$3,584,538$0$0$1,475,895
85$3,833,180$0$0$1,580,719
86$4,103,498$0$0$1,694,796
87$4,397,589$0$0$1,819,022
88$4,717,755$0$0$1,954,388
89$5,066,535$0$0$2,101,980
90$5,446,718$0$0$2,262,997
91$5,861,377$0$0$2,438,755
92$6,313,893$0$0$2,630,706
93$6,807,987$0$0$2,840,447
94$7,347,755$0$0$3,069,736
95$7,937,710$0$0$3,320,509
96$8,582,814$0$0$3,594,897
97$9,288,536$0$0$3,895,247
98$10,060,896$0$0$4,224,143
99$10,906,521$0$0$4,584,431
100$11,832,712$0$0$4,979,245