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%15.7%
1 years$56,980$56,472$55,977$55,494$55,022$53,735
2 years$28,208$27,682$27,173$26,680$26,201$24,912
3 years$18,618$18,091$17,583$17,094$16,623$15,372
4 years$13,825$13,299$12,796$12,315$11,856$10,652
5 years$10,949$10,426$9,930$9,459$9,012$7,860
6 years$9,033$8,514$8,025$7,565$7,131$6,031
7 years$7,664$7,150$6,669$6,219$5,800$4,752
8 years$6,639$6,129$5,656$5,217$4,811$3,815
9 years$5,841$5,336$4,871$4,444$4,052$3,107
10 years$5,204$4,704$4,247$3,831$3,452$2,558
11 years$4,682$4,187$3,739$3,334$2,969$2,123
12 years$4,248$3,758$3,318$2,924$2,573$1,774
13 years$3,881$3,396$2,965$2,582$2,244$1,491
14 years$3,567$3,087$2,664$2,292$1,967$1,259
15 years$3,295$2,820$2,405$2,044$1,732$1,066
16 years$3,057$2,588$2,180$1,830$1,531$906
17 years$2,847$2,383$1,984$1,644$1,357$772
18 years$2,661$2,202$1,811$1,482$1,207$659
19 years$2,495$2,041$1,658$1,339$1,075$564
20 years$2,345$1,896$1,522$1,213$961$483
21 years$2,210$1,766$1,400$1,101$860$414
22 years$2,087$1,649$1,290$1,001$771$355
23 years$1,975$1,542$1,191$911$692$305
24 years$1,873$1,445$1,102$831$622$263
25 years$1,779$1,356$1,020$759$559$226
26 years$1,692$1,274$946$694$504$195
27 years$1,612$1,199$879$635$454$168
28 years$1,538$1,130$817$582$410$145
29 years$1,469$1,066$760$534$370$125
30 years$1,405$1,007$708$490$334$108
31 years$1,345$952$660$450$302$93
32 years$1,288$901$616$413$274$80
33 years$1,236$853$575$380$248$69
34 years$1,186$808$537$350$224$60
35 years$1,140$767$502$322$203$52
36 years$1,096$728$470$297$184$45
37 years$1,055$691$440$273$167$38
38 years$1,015$657$412$252$151$33
39 years$978$625$386$232$137$29
40 years$943$594$362$214$124$25
41 years$910$566$339$198$113$21
42 years$878$539$318$182$102$18
43 years$848$513$299$168$93$16
44 years$820$489$280$155$84$14
45 years$793$467$263$144$77$12
46 years$767$445$247$133$69$10
47 years$742$425$232$123$63$9
48 years$718$406$218$113$57$8
49 years$695$387$205$105$52$7
50 years$674$370$193$97$47$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $690,000, adding $4,249 every year, while hoping to spend $29,086 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: 49/34/17 Blend
53$690,000$690,000$690,000$690,000
54$764,763$728,193$717,498$798,418
55$811,821$732,927$710,587$826,858
56$862,705$736,918$702,469$854,402
57$917,773$740,100$693,074$883,695
58$977,421$742,400$682,327$914,911
59$1,042,083$743,742$670,151$948,244
60$1,112,238$744,047$656,462$983,909
61$1,188,409$743,229$641,177$1,022,145
62$1,271,176$741,196$624,206$1,063,216
63$1,361,174$737,853$605,454$1,107,413
64$1,459,102$733,096$584,825$1,155,062
65$1,565,730$726,818$562,217$1,206,521
66$1,681,905$718,902$537,522$1,262,187
67$1,808,559$709,228$510,628$1,322,501
68$1,946,716$697,665$481,419$1,387,950
69$2,097,507$684,076$449,772$1,459,073
70$2,262,174$668,317$415,561$1,536,467
71$2,442,085$650,233$378,651$1,620,793
72$2,638,745$629,662$338,903$1,712,781
73$2,853,813$606,432$296,173$1,813,240
74$3,089,115$580,359$250,307$1,923,064
75$3,346,659$551,252$201,147$2,043,242
76$3,628,661$518,906$148,528$2,174,867
77$3,937,557$483,105$92,276$2,319,148
78$4,276,032$443,621$32,212$2,477,421
79$4,647,042$400,213$0$2,651,165
80$5,053,842$352,626$0$2,847,796
81$5,500,020$300,590$0$3,069,945
82$5,989,525$243,822$0$3,313,795
83$6,526,706$182,019$0$3,581,587
84$7,116,357$114,865$0$3,875,796
85$7,763,757$42,024$0$4,199,151
86$8,474,719$0$0$4,554,667
87$9,255,649$0$0$4,959,458
88$10,113,605$0$0$5,421,527
89$11,056,359$0$0$5,929,348
90$12,092,476$0$0$6,487,543
91$13,231,391$0$0$7,101,206
92$14,483,497$0$0$7,775,949
93$15,860,248$0$0$8,517,954
94$17,374,258$0$0$9,334,032
95$19,039,431$0$0$10,231,689
96$20,871,080$0$0$11,219,192
97$22,886,081$0$0$12,305,653
98$25,103,026$0$0$13,501,109
99$27,542,400$0$0$14,816,621
100$30,226,774$0$0$16,264,374