Can I retire at age 54 with 686,000?

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 $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%16.4%
1 years$56,649$56,145$55,652$55,172$54,703$53,272
2 years$28,044$27,522$27,016$26,525$26,049$24,617
3 years$18,510$17,986$17,481$16,995$16,526$15,139
4 years$13,744$13,222$12,722$12,244$11,787$10,454
5 years$10,886$10,366$9,873$9,404$8,960$7,685
6 years$8,980$8,464$7,978$7,521$7,090$5,874
7 years$7,620$7,108$6,630$6,183$5,766$4,610
8 years$6,600$6,093$5,623$5,187$4,783$3,686
9 years$5,807$5,305$4,843$4,418$4,028$2,989
10 years$5,174$4,676$4,222$3,808$3,432$2,450
11 years$4,655$4,163$3,717$3,315$2,952$2,025
12 years$4,224$3,737$3,299$2,907$2,558$1,685
13 years$3,859$3,377$2,947$2,567$2,231$1,409
14 years$3,546$3,069$2,648$2,278$1,955$1,184
15 years$3,276$2,804$2,391$2,032$1,722$998
16 years$3,039$2,573$2,168$1,819$1,522$844
17 years$2,831$2,369$1,973$1,635$1,349$715
18 years$2,646$2,189$1,801$1,473$1,200$607
19 years$2,480$2,029$1,648$1,331$1,069$517
20 years$2,331$1,885$1,513$1,206$955$440
21 years$2,197$1,756$1,392$1,094$855$375
22 years$2,075$1,639$1,283$995$766$321
23 years$1,964$1,533$1,184$906$688$274
24 years$1,862$1,437$1,095$826$618$234
25 years$1,769$1,348$1,014$755$556$201
26 years$1,682$1,267$941$690$501$172
27 years$1,603$1,192$874$632$452$147
28 years$1,529$1,124$812$579$408$126
29 years$1,460$1,060$756$531$368$108
30 years$1,396$1,001$704$487$333$93
31 years$1,337$946$656$447$301$80
32 years$1,281$895$612$411$272$68
33 years$1,229$848$572$378$246$59
34 years$1,179$804$534$348$223$50
35 years$1,133$762$499$320$202$43
36 years$1,090$724$467$295$183$37
37 years$1,048$687$437$272$166$32
38 years$1,010$653$409$250$150$27
39 years$973$621$384$231$136$23
40 years$938$591$360$213$124$20
41 years$905$562$337$196$112$17
42 years$873$536$316$181$102$15
43 years$844$510$297$167$92$13
44 years$815$486$279$155$84$11
45 years$788$464$262$143$76$9
46 years$762$443$246$132$69$8
47 years$737$422$231$122$63$7
48 years$714$403$217$113$57$6
49 years$691$385$204$104$52$5
50 years$670$368$192$96$47$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $686,000, adding $3,698 every year, while hoping to spend $49,260 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: 39/36/25 Blend
53$686,000$686,000$686,000$686,000
54$759,786$723,428$712,795$783,654
55$784,872$706,464$684,262$784,356
56$810,866$687,018$653,121$780,247
57$837,808$664,915$619,235$774,836
58$865,742$639,973$582,456$768,035
59$894,713$611,997$542,634$759,751
60$924,770$580,781$499,608$749,887
61$955,964$546,108$453,213$738,339
62$988,352$507,746$403,275$725,000
63$1,021,992$465,454$349,613$709,757
64$1,056,948$418,974$292,038$692,490
65$1,093,286$368,033$230,351$673,076
66$1,131,080$312,345$164,346$651,383
67$1,170,406$251,607$93,808$627,275
68$1,211,349$185,496$18,511$600,608
69$1,253,996$113,675$0$571,232
70$1,298,445$35,787$0$555,488
71$1,344,799$0$0$543,056
72$1,393,169$0$0$548,121
73$1,443,676$0$0$568,233
74$1,496,449$0$0$589,268
75$1,551,628$0$0$611,286
76$1,609,367$0$0$634,351
77$1,669,828$0$0$658,530
78$1,733,189$0$0$683,899
79$1,799,644$0$0$710,539
80$1,869,402$0$0$738,537
81$1,942,691$0$0$767,991
82$2,019,757$0$0$799,004
83$2,100,869$0$0$831,690
84$2,186,321$0$0$866,172
85$2,276,430$0$0$902,585
86$2,371,545$0$0$941,076
87$2,472,043$0$0$981,806
88$2,578,337$0$0$1,024,949
89$2,690,880$0$0$1,070,698
90$2,810,162$0$0$1,119,261
91$2,936,723$0$0$1,170,867
92$3,071,151$0$0$1,225,766
93$3,214,089$0$0$1,284,232
94$3,366,242$0$0$1,346,565
95$3,528,380$0$0$1,413,093
96$3,701,348$0$0$1,484,176
97$3,886,071$0$0$1,560,209
98$4,083,561$0$0$1,641,623
99$4,294,931$0$0$1,728,893
100$4,521,398$0$0$1,822,539