Can I retire at age 54 with 687,000?

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 $687,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$56,732$56,226$55,733$55,252$54,782$53,742
2 years$28,085$27,562$27,055$26,564$26,087$25,043
3 years$18,537$18,012$17,506$17,020$16,551$15,536
4 years$13,764$13,241$12,740$12,262$11,804$10,826
5 years$10,901$10,381$9,887$9,418$8,973$8,034
6 years$8,993$8,477$7,990$7,532$7,100$6,202
7 years$7,631$7,119$6,640$6,192$5,774$4,916
8 years$6,610$6,102$5,631$5,195$4,790$3,973
9 years$5,816$5,313$4,850$4,425$4,034$3,257
10 years$5,181$4,683$4,228$3,814$3,437$2,699
11 years$4,662$4,169$3,723$3,319$2,956$2,256
12 years$4,230$3,742$3,304$2,912$2,562$1,899
13 years$3,864$3,382$2,952$2,570$2,234$1,608
14 years$3,552$3,074$2,652$2,282$1,958$1,367
15 years$3,281$2,808$2,394$2,035$1,724$1,167
16 years$3,044$2,576$2,171$1,822$1,524$1,000
17 years$2,835$2,373$1,975$1,637$1,351$858
18 years$2,649$2,192$1,803$1,475$1,201$739
19 years$2,484$2,032$1,651$1,333$1,071$637
20 years$2,335$1,888$1,515$1,207$956$550
21 years$2,200$1,759$1,394$1,096$856$476
22 years$2,078$1,642$1,284$996$767$412
23 years$1,967$1,535$1,186$907$689$357
24 years$1,865$1,439$1,097$828$619$310
25 years$1,771$1,350$1,016$756$557$269
26 years$1,685$1,269$942$691$502$234
27 years$1,605$1,194$875$633$452$203
28 years$1,531$1,125$813$580$408$177
29 years$1,462$1,062$757$531$369$154
30 years$1,398$1,003$705$488$333$134
31 years$1,339$948$657$448$301$117
32 years$1,283$897$613$412$272$101
33 years$1,230$849$573$379$246$88
34 years$1,181$805$535$348$223$77
35 years$1,135$763$500$321$202$67
36 years$1,091$725$468$295$183$59
37 years$1,050$688$438$272$166$51
38 years$1,011$654$410$251$150$44
39 years$974$622$384$231$136$39
40 years$939$592$360$213$124$34
41 years$906$563$338$197$112$29
42 years$875$536$317$182$102$26
43 years$845$511$297$168$92$22
44 years$816$487$279$155$84$20
45 years$789$465$262$143$76$17
46 years$763$443$246$132$69$15
47 years$739$423$231$122$63$13
48 years$715$404$217$113$57$11
49 years$692$386$204$104$52$10
50 years$671$368$192$96$47$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $687,000, adding $4,359 every year, while hoping to spend $34,097 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: 45/48/7 Blend
53$687,000$687,000$687,000$687,000
54$761,570$725,159$714,511$794,164
55$802,972$724,413$702,168$816,352
56$847,453$722,488$688,269$836,517
57$895,293$719,289$672,725$857,591
58$946,796$714,718$655,445$879,666
59$1,002,299$708,668$636,332$902,851
60$1,062,169$701,029$615,285$927,264
61$1,126,811$691,680$592,198$953,039
62$1,196,670$680,497$566,961$980,324
63$1,272,235$667,346$539,459$1,009,288
64$1,354,044$652,086$509,571$1,040,116
65$1,442,685$634,568$477,171$1,073,017
66$1,538,811$614,633$442,128$1,108,224
67$1,643,133$592,114$404,303$1,145,997
68$1,756,438$566,833$363,552$1,186,627
69$1,879,590$538,603$319,727$1,230,436
70$2,013,540$507,226$272,669$1,277,785
71$2,159,332$472,492$222,215$1,329,074
72$2,318,118$434,178$168,193$1,384,751
73$2,491,165$392,051$110,426$1,445,313
74$2,679,865$345,863$48,727$1,511,312
75$2,885,752$295,351$0$1,583,364
76$3,110,515$240,240$0$1,663,429
77$3,356,012$180,236$0$1,754,957
78$3,624,288$115,030$0$1,855,162
79$3,917,597$44,298$0$1,964,997
80$4,238,417$0$0$2,085,519
81$4,589,480$0$0$2,234,962
82$4,973,792$0$0$2,424,252
83$5,394,663$0$0$2,631,631
84$5,855,739$0$0$2,858,906
85$6,361,037$0$0$3,108,067
86$6,914,977$0$0$3,381,305
87$7,522,430$0$0$3,681,034
88$8,188,760$0$0$4,009,913
89$8,919,876$0$0$4,370,870
90$9,722,285$0$0$4,767,131
91$10,603,156$0$0$5,202,250
92$11,570,386$0$0$5,680,140
93$12,632,673$0$0$6,205,113
94$13,799,599$0$0$6,781,920
95$15,081,722$0$0$7,415,793
96$16,490,670$0$0$8,112,499
97$18,039,255$0$0$8,878,388
98$19,741,591$0$0$9,720,457
99$21,613,229$0$0$10,646,416
100$23,671,302$0$0$11,664,759