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%12.5%
1 years$56,980$56,472$55,977$55,494$55,022$54,447
2 years$28,208$27,682$27,173$26,680$26,201$25,622
3 years$18,618$18,091$17,583$17,094$16,623$16,058
4 years$13,825$13,299$12,796$12,315$11,856$11,309
5 years$10,949$10,426$9,930$9,459$9,012$8,486
6 years$9,033$8,514$8,025$7,565$7,131$6,625
7 years$7,664$7,150$6,669$6,219$5,800$5,314
8 years$6,639$6,129$5,656$5,217$4,811$4,347
9 years$5,841$5,336$4,871$4,444$4,052$3,608
10 years$5,204$4,704$4,247$3,831$3,452$3,028
11 years$4,682$4,187$3,739$3,334$2,969$2,565
12 years$4,248$3,758$3,318$2,924$2,573$2,188
13 years$3,881$3,396$2,965$2,582$2,244$1,878
14 years$3,567$3,087$2,664$2,292$1,967$1,620
15 years$3,295$2,820$2,405$2,044$1,732$1,403
16 years$3,057$2,588$2,180$1,830$1,531$1,219
17 years$2,847$2,383$1,984$1,644$1,357$1,062
18 years$2,661$2,202$1,811$1,482$1,207$928
19 years$2,495$2,041$1,658$1,339$1,075$813
20 years$2,345$1,896$1,522$1,213$961$713
21 years$2,210$1,766$1,400$1,101$860$627
22 years$2,087$1,649$1,290$1,001$771$551
23 years$1,975$1,542$1,191$911$692$486
24 years$1,873$1,445$1,102$831$622$428
25 years$1,779$1,356$1,020$759$559$378
26 years$1,692$1,274$946$694$504$334
27 years$1,612$1,199$879$635$454$295
28 years$1,538$1,130$817$582$410$261
29 years$1,469$1,066$760$534$370$231
30 years$1,405$1,007$708$490$334$205
31 years$1,345$952$660$450$302$181
32 years$1,288$901$616$413$274$161
33 years$1,236$853$575$380$248$143
34 years$1,186$808$537$350$224$126
35 years$1,140$767$502$322$203$112
36 years$1,096$728$470$297$184$99
37 years$1,055$691$440$273$167$88
38 years$1,015$657$412$252$151$78
39 years$978$625$386$232$137$70
40 years$943$594$362$214$124$62
41 years$910$566$339$198$113$55
42 years$878$539$318$182$102$49
43 years$848$513$299$168$93$43
44 years$820$489$280$155$84$38
45 years$793$467$263$144$77$34
46 years$767$445$247$133$69$30
47 years$742$425$232$123$63$27
48 years$718$406$218$113$57$24
49 years$695$387$205$105$52$21
50 years$674$370$193$97$47$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $690,000, adding $5,113 every year, while hoping to spend $52,874 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: 50/25/25 Blend
53$690,000$690,000$690,000$690,000
54$765,654$729,084$718,389$798,314
55$787,493$708,552$686,198$801,052
56$809,788$685,241$651,156$798,296
57$832,529$658,960$613,112$794,236
58$855,704$629,506$571,908$788,770
59$879,297$596,664$527,379$781,791
60$903,291$560,206$479,352$773,186
61$927,664$519,893$427,647$762,831
62$952,387$475,470$372,075$750,599
63$977,431$426,668$312,439$736,349
64$1,002,758$373,204$248,535$719,934
65$1,028,325$314,777$180,147$701,198
66$1,054,084$251,071$107,052$679,971
67$1,079,978$181,750$29,015$656,075
68$1,105,942$106,462$0$629,319
69$1,131,902$24,833$0$613,972
70$1,157,775$0$0$604,543
71$1,183,464$0$0$610,600
72$1,208,863$0$0$623,288
73$1,233,851$0$0$635,708
74$1,258,290$0$0$647,783
75$1,282,028$0$0$659,428
76$1,304,891$0$0$670,546
77$1,326,688$0$0$681,030
78$1,347,202$0$0$690,759
79$1,366,192$0$0$699,599
80$1,383,388$0$0$707,399
81$1,398,491$0$0$713,993
82$1,411,165$0$0$719,194
83$1,421,038$0$0$722,796
84$1,427,694$0$0$724,568
85$1,430,674$0$0$724,253
86$1,429,464$0$0$721,569
87$1,423,495$0$0$716,200
88$1,412,137$0$0$707,795
89$1,394,690$0$0$695,967
90$1,370,375$0$0$680,286
91$1,338,334$0$0$660,275
92$1,297,612$0$0$635,407
93$1,247,153$0$0$605,098
94$1,185,790$0$0$568,701
95$1,112,226$0$0$525,500
96$1,025,033$0$0$474,705
97$922,625$0$0$415,441
98$803,253$0$0$346,740
99$664,980$0$0$267,532
100$505,666$0$0$176,636