Can I retire at age 54 with 691,000?

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 $691,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$57,062$56,554$56,058$55,574$55,101$54,435
2 years$28,249$27,722$27,213$26,718$26,239$25,568
3 years$18,645$18,117$17,608$17,119$16,647$15,993
4 years$13,845$13,318$12,814$12,333$11,873$11,241
5 years$10,965$10,441$9,944$9,473$9,025$8,417
6 years$9,046$8,526$8,037$7,576$7,142$6,557
7 years$7,676$7,160$6,678$6,228$5,808$5,248
8 years$6,648$6,138$5,664$5,225$4,818$4,283
9 years$5,850$5,344$4,878$4,450$4,058$3,546
10 years$5,211$4,710$4,253$3,836$3,457$2,970
11 years$4,689$4,193$3,744$3,339$2,973$2,509
12 years$4,255$3,764$3,323$2,928$2,577$2,135
13 years$3,887$3,401$2,969$2,585$2,247$1,828
14 years$3,572$3,092$2,668$2,295$1,970$1,572
15 years$3,300$2,824$2,408$2,047$1,734$1,358
16 years$3,061$2,591$2,184$1,833$1,533$1,177
17 years$2,851$2,386$1,987$1,647$1,359$1,023
18 years$2,665$2,205$1,814$1,484$1,208$891
19 years$2,498$2,044$1,660$1,341$1,077$778
20 years$2,348$1,899$1,524$1,214$962$680
21 years$2,213$1,769$1,402$1,102$861$596
22 years$2,090$1,651$1,292$1,002$772$523
23 years$1,978$1,544$1,193$913$693$459
24 years$1,876$1,447$1,103$832$623$404
25 years$1,782$1,358$1,022$760$560$355
26 years$1,695$1,276$948$695$505$313
27 years$1,614$1,201$880$636$455$276
28 years$1,540$1,132$818$583$411$243
29 years$1,471$1,068$761$535$371$214
30 years$1,407$1,008$709$491$335$189
31 years$1,346$953$661$451$303$167
32 years$1,290$902$617$414$274$148
33 years$1,237$854$576$381$248$130
34 years$1,188$810$538$350$224$115
35 years$1,141$768$503$323$203$102
36 years$1,097$729$471$297$184$90
37 years$1,056$692$440$274$167$80
38 years$1,017$658$412$252$151$71
39 years$980$626$386$233$137$62
40 years$945$595$362$215$124$55
41 years$911$567$340$198$113$49
42 years$880$540$319$183$102$43
43 years$850$514$299$169$93$38
44 years$821$490$281$156$84$34
45 years$794$467$264$144$77$30
46 years$768$446$247$133$70$27
47 years$743$425$233$123$63$24
48 years$719$406$218$113$57$21
49 years$696$388$205$105$52$18
50 years$675$370$193$97$47$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $691,000, adding $5,442 every year, while hoping to spend $53,512 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: 83/5/12 Blend
53$691,000$691,000$691,000$691,000
54$767,095$730,472$719,762$828,698
55$788,403$709,329$686,938$848,707
56$810,090$685,357$651,220$863,020
57$832,139$658,359$612,456$877,133
58$854,529$628,131$570,485$890,996
59$877,235$594,453$525,140$904,553
60$900,226$557,094$476,245$917,743
61$923,468$515,810$423,619$930,500
62$946,920$470,343$367,068$942,750
63$970,536$420,420$306,395$954,411
64$994,263$365,753$241,391$965,392
65$1,018,038$306,035$171,838$975,597
66$1,041,793$240,946$97,510$984,915
67$1,065,448$170,145$18,169$993,228
68$1,088,914$93,272$0$1,000,404
69$1,112,089$9,948$0$1,014,814
70$1,134,860$0$0$1,030,821
71$1,157,097$0$0$1,050,369
72$1,178,656$0$0$1,069,838
73$1,199,377$0$0$1,088,530
74$1,219,076$0$0$1,106,281
75$1,237,551$0$0$1,122,903
76$1,254,576$0$0$1,138,191
77$1,269,898$0$0$1,151,911
78$1,283,234$0$0$1,163,806
79$1,294,270$0$0$1,173,588
80$1,302,656$0$0$1,180,937
81$1,308,004$0$0$1,185,496
82$1,309,880$0$0$1,186,869
83$1,307,804$0$0$1,184,617
84$1,301,242$0$0$1,178,250
85$1,289,602$0$0$1,167,227
86$1,272,227$0$0$1,150,947
87$1,248,390$0$0$1,128,743
88$1,217,282$0$0$1,099,877
89$1,178,010$0$0$1,063,531
90$1,129,585$0$0$1,018,799
91$1,070,909$0$0$964,678
92$1,000,771$0$0$900,058
93$917,829$0$0$823,712
94$820,599$0$0$734,282
95$707,439$0$0$630,266
96$576,537$0$0$510,006
97$425,885$0$0$371,665
98$253,269$0$0$213,217
99$56,241$0$0$32,422
100$0$0$0$0