Can I retire at age 54 with 690,000?

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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$56,980$56,472$55,977$55,494$55,022$53,154
2 years$28,208$27,682$27,173$26,680$26,201$24,338
3 years$18,618$18,091$17,583$17,094$16,623$14,823
4 years$13,825$13,299$12,796$12,315$11,856$10,133
5 years$10,949$10,426$9,930$9,459$9,012$7,371
6 years$9,033$8,514$8,025$7,565$7,131$5,573
7 years$7,664$7,150$6,669$6,219$5,800$4,324
8 years$6,639$6,129$5,656$5,217$4,811$3,417
9 years$5,841$5,336$4,871$4,444$4,052$2,738
10 years$5,204$4,704$4,247$3,831$3,452$2,216
11 years$4,682$4,187$3,739$3,334$2,969$1,808
12 years$4,248$3,758$3,318$2,924$2,573$1,484
13 years$3,881$3,396$2,965$2,582$2,244$1,225
14 years$3,567$3,087$2,664$2,292$1,967$1,015
15 years$3,295$2,820$2,405$2,044$1,732$843
16 years$3,057$2,588$2,180$1,830$1,531$703
17 years$2,847$2,383$1,984$1,644$1,357$587
18 years$2,661$2,202$1,811$1,482$1,207$491
19 years$2,495$2,041$1,658$1,339$1,075$412
20 years$2,345$1,896$1,522$1,213$961$345
21 years$2,210$1,766$1,400$1,101$860$290
22 years$2,087$1,649$1,290$1,001$771$244
23 years$1,975$1,542$1,191$911$692$205
24 years$1,873$1,445$1,102$831$622$173
25 years$1,779$1,356$1,020$759$559$146
26 years$1,692$1,274$946$694$504$123
27 years$1,612$1,199$879$635$454$103
28 years$1,538$1,130$817$582$410$87
29 years$1,469$1,066$760$534$370$74
30 years$1,405$1,007$708$490$334$62
31 years$1,345$952$660$450$302$52
32 years$1,288$901$616$413$274$44
33 years$1,236$853$575$380$248$37
34 years$1,186$808$537$350$224$31
35 years$1,140$767$502$322$203$27
36 years$1,096$728$470$297$184$22
37 years$1,055$691$440$273$167$19
38 years$1,015$657$412$252$151$16
39 years$978$625$386$232$137$13
40 years$943$594$362$214$124$11
41 years$910$566$339$198$113$10
42 years$878$539$318$182$102$8
43 years$848$513$299$168$93$7
44 years$820$489$280$155$84$6
45 years$793$467$263$144$77$5
46 years$767$445$247$133$69$4
47 years$742$425$232$123$63$3
48 years$718$406$218$113$57$3
49 years$695$387$205$105$52$2
50 years$674$370$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 $690,000, adding $2,204 every year, while hoping to spend $43,017 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: 77/8/15 Blend
53$690,000$690,000$690,000$690,000
54$762,653$726,083$715,388$818,779
55$794,674$715,892$693,584$845,918
56$828,520$703,759$669,608$870,028
57$864,330$689,544$643,341$895,279
58$902,259$673,099$614,660$921,772
59$942,474$654,266$583,436$949,613
60$985,160$632,878$549,534$978,926
61$1,030,515$608,759$512,813$1,009,842
62$1,078,760$581,720$473,125$1,042,510
63$1,130,135$551,566$430,316$1,077,094
64$1,184,902$518,086$384,225$1,113,773
65$1,243,350$481,060$334,684$1,152,747
66$1,305,793$440,254$281,517$1,194,238
67$1,372,578$395,420$224,542$1,238,490
68$1,444,083$346,297$163,566$1,285,773
69$1,520,723$292,610$98,390$1,336,385
70$1,602,956$234,066$28,804$1,390,656
71$1,691,280$170,358$0$1,448,953
72$1,786,245$101,161$0$1,518,952
73$1,888,454$26,129$0$1,599,219
74$1,998,569$0$0$1,685,669
75$2,117,316$0$0$1,783,737
76$2,245,495$0$0$1,892,096
77$2,383,983$0$0$2,009,190
78$2,533,744$0$0$2,135,836
79$2,695,838$0$0$2,272,934
80$2,871,432$0$0$2,421,472
81$3,061,805$0$0$2,582,537
82$3,268,367$0$0$2,757,324
83$3,492,667$0$0$2,947,148
84$3,736,411$0$0$3,153,453
85$4,001,472$0$0$3,377,831
86$4,289,913$0$0$3,622,032
87$4,604,005$0$0$3,887,980
88$4,946,245$0$0$4,177,795
89$5,319,381$0$0$4,493,808
90$5,726,438$0$0$4,838,586
91$6,170,747$0$0$5,214,953
92$6,655,971$0$0$5,626,018
93$7,186,146$0$0$6,075,205
94$7,765,714$0$0$6,566,283
95$8,399,566$0$0$7,103,399
96$9,093,085$0$0$7,691,123
97$9,852,201$0$0$8,334,484
98$10,683,444$0$0$9,039,023
99$11,594,002$0$0$9,810,840
100$12,591,793$0$0$10,656,651