Can I retire at age 54 with 689,000?

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 $689,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$56,897$56,390$55,896$55,413$54,942$52,992
2 years$28,167$27,642$27,134$26,641$26,163$24,220
3 years$18,591$18,065$17,557$17,069$16,599$14,723
4 years$13,805$13,279$12,777$12,297$11,838$10,044
5 years$10,933$10,411$9,916$9,446$8,999$7,291
6 years$9,020$8,501$8,013$7,554$7,121$5,500
7 years$7,653$7,140$6,659$6,210$5,791$4,258
8 years$6,629$6,120$5,647$5,210$4,804$3,357
9 years$5,833$5,328$4,864$4,437$4,046$2,683
10 years$5,196$4,697$4,241$3,825$3,447$2,166
11 years$4,676$4,181$3,733$3,329$2,965$1,763
12 years$4,242$3,753$3,313$2,920$2,569$1,443
13 years$3,876$3,392$2,960$2,578$2,240$1,188
14 years$3,562$3,083$2,660$2,288$1,964$981
15 years$3,290$2,816$2,401$2,041$1,729$813
16 years$3,053$2,584$2,177$1,827$1,528$676
17 years$2,843$2,380$1,981$1,642$1,355$563
18 years$2,657$2,199$1,809$1,480$1,205$470
19 years$2,491$2,038$1,656$1,337$1,074$392
20 years$2,342$1,894$1,519$1,211$959$328
21 years$2,207$1,764$1,398$1,099$858$275
22 years$2,084$1,647$1,288$999$769$230
23 years$1,973$1,540$1,189$910$691$193
24 years$1,870$1,443$1,100$830$621$162
25 years$1,776$1,354$1,019$758$559$136
26 years$1,690$1,273$945$693$503$114
27 years$1,610$1,198$877$634$454$96
28 years$1,536$1,129$816$581$409$81
29 years$1,467$1,065$759$533$370$68
30 years$1,403$1,005$707$489$334$57
31 years$1,343$950$659$449$302$48
32 years$1,286$899$615$413$273$40
33 years$1,234$852$574$380$247$34
34 years$1,185$807$537$349$224$29
35 years$1,138$766$502$322$203$24
36 years$1,094$727$469$296$184$20
37 years$1,053$690$439$273$166$17
38 years$1,014$656$411$252$151$14
39 years$977$624$385$232$137$12
40 years$942$593$361$214$124$10
41 years$909$565$339$197$113$9
42 years$877$538$318$182$102$7
43 years$847$513$298$168$93$6
44 years$819$489$280$155$84$5
45 years$791$466$263$143$76$4
46 years$765$444$247$132$69$4
47 years$741$424$232$122$63$3
48 years$717$405$218$113$57$3
49 years$694$387$205$104$52$2
50 years$673$369$193$97$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $689,000, adding $3,036 every year, while hoping to spend $30,024 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: 67/17/16 Blend
53$689,000$689,000$689,000$689,000
54$762,410$725,893$715,213$810,377
55$808,230$729,516$707,227$846,411
56$857,718$732,311$697,968$882,000
57$911,216$734,204$687,360$920,168
58$969,099$735,120$675,327$961,167
59$1,031,783$734,977$661,786$1,005,274
60$1,099,721$733,687$646,652$1,052,797
61$1,173,414$731,158$629,836$1,104,072
62$1,253,411$727,294$611,244$1,159,473
63$1,340,318$721,990$590,779$1,219,412
64$1,434,799$715,137$568,340$1,284,345
65$1,537,588$706,617$543,818$1,354,773
66$1,649,488$696,308$517,103$1,431,250
67$1,771,387$684,079$488,077$1,514,388
68$1,904,260$669,790$456,619$1,604,863
69$2,049,180$653,295$422,601$1,703,420
70$2,207,328$634,438$385,890$1,810,881
71$2,380,005$613,055$346,347$1,928,155
72$2,568,642$588,972$303,826$2,056,243
73$2,774,816$562,003$258,176$2,196,251
74$3,000,260$531,955$209,238$2,349,399
75$3,246,886$498,620$156,847$2,517,033
76$3,516,796$461,780$100,829$2,700,640
77$3,812,308$421,206$41,005$2,901,858
78$4,135,970$376,652$0$3,122,496
79$4,490,593$327,862$0$3,368,448
80$4,879,269$274,562$0$3,645,742
81$5,305,405$216,466$0$3,949,833
82$5,772,753$153,270$0$4,283,437
83$6,285,445$84,652$0$4,649,548
84$6,848,035$10,273$0$5,051,466
85$7,465,534$0$0$5,492,830
86$8,143,467$0$0$5,990,786
87$8,887,918$0$0$6,539,755
88$9,705,588$0$0$7,142,763
89$10,603,859$0$0$7,805,260
90$11,590,866$0$0$8,533,251
91$12,675,568$0$0$9,333,350
92$13,867,837$0$0$10,212,845
93$15,178,547$0$0$11,179,765
94$16,619,679$0$0$12,242,955
95$18,204,433$0$0$13,412,160
96$19,947,353$0$0$14,698,118
97$21,864,463$0$0$16,112,657
98$23,973,415$0$0$17,668,812
99$26,293,662$0$0$19,380,944
100$28,846,636$0$0$21,264,876