Can I retire at age 54 with 686,000?

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 $686,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$56,649$56,145$55,652$55,172$54,703$54,041
2 years$28,044$27,522$27,016$26,525$26,049$25,383
3 years$18,510$17,986$17,481$16,995$16,526$15,878
4 years$13,744$13,222$12,722$12,244$11,787$11,159
5 years$10,886$10,366$9,873$9,404$8,960$8,356
6 years$8,980$8,464$7,978$7,521$7,090$6,510
7 years$7,620$7,108$6,630$6,183$5,766$5,210
8 years$6,600$6,093$5,623$5,187$4,783$4,252
9 years$5,807$5,305$4,843$4,418$4,028$3,521
10 years$5,174$4,676$4,222$3,808$3,432$2,948
11 years$4,655$4,163$3,717$3,315$2,952$2,491
12 years$4,224$3,737$3,299$2,907$2,558$2,120
13 years$3,859$3,377$2,947$2,567$2,231$1,815
14 years$3,546$3,069$2,648$2,278$1,955$1,561
15 years$3,276$2,804$2,391$2,032$1,722$1,348
16 years$3,039$2,573$2,168$1,819$1,522$1,168
17 years$2,831$2,369$1,973$1,635$1,349$1,015
18 years$2,646$2,189$1,801$1,473$1,200$885
19 years$2,480$2,029$1,648$1,331$1,069$772
20 years$2,331$1,885$1,513$1,206$955$675
21 years$2,197$1,756$1,392$1,094$855$592
22 years$2,075$1,639$1,283$995$766$519
23 years$1,964$1,533$1,184$906$688$456
24 years$1,862$1,437$1,095$826$618$401
25 years$1,769$1,348$1,014$755$556$353
26 years$1,682$1,267$941$690$501$311
27 years$1,603$1,192$874$632$452$274
28 years$1,529$1,124$812$579$408$241
29 years$1,460$1,060$756$531$368$213
30 years$1,396$1,001$704$487$333$188
31 years$1,337$946$656$447$301$166
32 years$1,281$895$612$411$272$147
33 years$1,229$848$572$378$246$130
34 years$1,179$804$534$348$223$114
35 years$1,133$762$499$320$202$101
36 years$1,090$724$467$295$183$90
37 years$1,048$687$437$272$166$79
38 years$1,010$653$409$250$150$70
39 years$973$621$384$231$136$62
40 years$938$591$360$213$124$55
41 years$905$562$337$196$112$49
42 years$873$536$316$181$102$43
43 years$844$510$297$167$92$38
44 years$815$486$279$155$84$34
45 years$788$464$262$143$76$30
46 years$762$443$246$132$69$26
47 years$737$422$231$122$63$23
48 years$714$403$217$113$57$21
49 years$691$385$204$104$52$18
50 years$670$368$192$96$47$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $686,000, adding $2,106 every year, while hoping to spend $50,454 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: 64/30/6 Blend
53$686,000$686,000$686,000$686,000
54$758,144$721,786$711,153$805,771
55$781,792$703,471$681,294$819,413
56$806,162$682,568$648,744$828,142
57$831,272$658,895$613,359$836,351
58$857,145$632,264$574,989$843,986
59$883,800$602,472$533,478$850,989
60$911,261$569,306$488,663$857,296
61$939,547$532,540$440,371$862,843
62$968,682$491,935$388,424$867,559
63$998,688$447,240$332,637$871,369
64$1,029,587$398,188$272,813$874,192
65$1,061,402$344,497$208,749$875,945
66$1,094,157$285,868$140,234$876,536
67$1,127,874$221,989$67,045$875,870
68$1,162,576$152,526$0$873,844
69$1,198,288$77,129$0$871,057
70$1,235,032$0$0$871,312
71$1,272,831$0$0$871,715
72$1,311,708$0$0$898,316
73$1,351,685$0$0$925,667
74$1,392,785$0$0$953,783
75$1,435,029$0$0$982,678
76$1,478,437$0$0$1,012,366
77$1,523,030$0$0$1,042,861
78$1,568,825$0$0$1,074,174
79$1,615,841$0$0$1,106,316
80$1,664,093$0$0$1,139,298
81$1,713,594$0$0$1,173,128
82$1,764,358$0$0$1,207,814
83$1,816,392$0$0$1,243,361
84$1,869,704$0$0$1,279,774
85$1,924,297$0$0$1,317,052
86$1,980,172$0$0$1,355,195
87$2,037,322$0$0$1,394,199
88$2,095,740$0$0$1,434,055
89$2,155,411$0$0$1,474,753
90$2,216,314$0$0$1,516,276
91$2,278,422$0$0$1,558,604
92$2,341,701$0$0$1,601,712
93$2,406,107$0$0$1,645,566
94$2,471,587$0$0$1,690,128
95$2,538,078$0$0$1,735,352
96$2,605,504$0$0$1,781,184
97$2,673,777$0$0$1,827,558
98$2,742,793$0$0$1,874,400
99$2,812,432$0$0$1,921,623
100$2,882,554$0$0$1,969,129