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%17.8%
1 years$56,732$56,226$55,733$55,252$54,782$53,050
2 years$28,085$27,562$27,055$26,564$26,087$24,357
3 years$18,537$18,012$17,506$17,020$16,551$14,878
4 years$13,764$13,241$12,740$12,262$11,804$10,201
5 years$10,901$10,381$9,887$9,418$8,973$7,445
6 years$8,993$8,477$7,990$7,532$7,100$5,647
7 years$7,631$7,119$6,640$6,192$5,774$4,396
8 years$6,610$6,102$5,631$5,195$4,790$3,487
9 years$5,816$5,313$4,850$4,425$4,034$2,804
10 years$5,181$4,683$4,228$3,814$3,437$2,278
11 years$4,662$4,169$3,723$3,319$2,956$1,866
12 years$4,230$3,742$3,304$2,912$2,562$1,538
13 years$3,864$3,382$2,952$2,570$2,234$1,274
14 years$3,552$3,074$2,652$2,282$1,958$1,060
15 years$3,281$2,808$2,394$2,035$1,724$885
16 years$3,044$2,576$2,171$1,822$1,524$741
17 years$2,835$2,373$1,975$1,637$1,351$621
18 years$2,649$2,192$1,803$1,475$1,201$522
19 years$2,484$2,032$1,651$1,333$1,071$440
20 years$2,335$1,888$1,515$1,207$956$371
21 years$2,200$1,759$1,394$1,096$856$313
22 years$2,078$1,642$1,284$996$767$264
23 years$1,967$1,535$1,186$907$689$223
24 years$1,865$1,439$1,097$828$619$189
25 years$1,771$1,350$1,016$756$557$160
26 years$1,685$1,269$942$691$502$135
27 years$1,605$1,194$875$633$452$115
28 years$1,531$1,125$813$580$408$97
29 years$1,462$1,062$757$531$369$82
30 years$1,398$1,003$705$488$333$70
31 years$1,339$948$657$448$301$59
32 years$1,283$897$613$412$272$50
33 years$1,230$849$573$379$246$43
34 years$1,181$805$535$348$223$36
35 years$1,135$763$500$321$202$31
36 years$1,091$725$468$295$183$26
37 years$1,050$688$438$272$166$22
38 years$1,011$654$410$251$150$19
39 years$974$622$384$231$136$16
40 years$939$592$360$213$124$13
41 years$906$563$338$197$112$11
42 years$875$536$317$182$102$10
43 years$845$511$297$168$92$8
44 years$816$487$279$155$84$7
45 years$789$465$262$143$76$6
46 years$763$443$246$132$69$5
47 years$739$423$231$122$63$4
48 years$715$404$217$113$57$4
49 years$692$386$204$104$52$3
50 years$671$368$192$96$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $687,000, adding $6,841 every year, while hoping to spend $32,277 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: 28/50/22 Blend
53$687,000$687,000$687,000$687,000
54$764,130$727,719$717,071$780,083
55$807,729$729,035$706,750$794,381
56$854,693$729,334$695,002$806,423
57$905,332$728,531$681,745$818,680
58$959,985$726,538$666,892$831,191
59$1,019,025$723,260$650,354$844,001
60$1,082,862$718,596$632,038$857,162
61$1,151,948$712,441$611,845$870,736
62$1,226,777$704,682$589,673$884,792
63$1,307,895$695,197$565,413$899,413
64$1,395,900$683,862$538,955$914,690
65$1,491,452$670,542$510,180$930,731
66$1,595,275$655,093$478,966$947,656
67$1,708,167$637,366$445,184$965,603
68$1,831,003$617,200$408,702$984,728
69$1,964,750$594,428$369,378$1,005,210
70$2,110,470$568,870$327,067$1,027,249
71$2,269,330$540,337$281,616$1,051,071
72$2,442,617$508,628$232,865$1,076,932
73$2,631,746$473,534$180,649$1,105,121
74$2,838,276$434,829$124,792$1,135,961
75$3,063,922$392,277$65,115$1,169,817
76$3,310,573$345,629$1,426$1,207,098
77$3,580,307$294,620$0$1,248,260
78$3,875,413$238,972$0$1,309,438
79$4,198,413$178,389$0$1,376,959
80$4,552,081$112,560$0$1,451,179
81$4,939,475$41,157$0$1,532,871
82$5,363,959$0$0$1,622,888
83$5,829,243$0$0$1,742,083
84$6,339,406$0$0$1,897,717
85$6,898,948$0$0$2,068,530
86$7,512,820$0$0$2,256,050
87$8,186,477$0$0$2,461,957
88$8,925,929$0$0$2,688,104
89$9,737,794$0$0$2,936,532
90$10,629,365$0$0$3,209,488
91$11,608,672$0$0$3,509,448
92$12,684,565$0$0$3,839,141
93$13,866,791$0$0$4,201,573
94$15,166,089$0$0$4,600,053
95$16,594,289$0$0$5,038,232
96$18,164,425$0$0$5,520,126
97$19,890,857$0$0$6,050,167
98$21,789,405$0$0$6,633,231
99$23,877,500$0$0$7,274,695
100$26,174,346$0$0$7,980,482