Can I retire at age 54 with 672,000?

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 $672,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$55,493$54,999$54,517$54,046$53,586$51,440
2 years$27,472$26,960$26,464$25,984$25,517$23,382
3 years$18,133$17,619$17,124$16,648$16,189$14,132
4 years$13,464$12,952$12,462$11,994$11,546$9,583
5 years$10,663$10,154$9,671$9,212$8,777$6,912
6 years$8,797$8,292$7,816$7,367$6,945$5,180
7 years$7,464$6,963$6,495$6,057$5,648$3,983
8 years$6,465$5,969$5,508$5,081$4,686$3,118
9 years$5,689$5,197$4,744$4,328$3,946$2,473
10 years$5,068$4,581$4,136$3,731$3,362$1,982
11 years$4,560$4,078$3,641$3,247$2,892$1,600
12 years$4,138$3,660$3,232$2,848$2,506$1,300
13 years$3,780$3,308$2,887$2,514$2,185$1,061
14 years$3,474$3,007$2,594$2,232$1,916$869
15 years$3,209$2,747$2,342$1,990$1,687$714
16 years$2,977$2,520$2,124$1,782$1,491$588
17 years$2,773$2,321$1,932$1,601$1,322$486
18 years$2,592$2,145$1,764$1,443$1,175$402
19 years$2,430$1,988$1,615$1,304$1,047$332
20 years$2,284$1,847$1,482$1,181$936$276
21 years$2,152$1,720$1,363$1,072$837$229
22 years$2,033$1,606$1,256$975$750$190
23 years$1,924$1,502$1,160$888$674$158
24 years$1,824$1,407$1,073$809$606$131
25 years$1,733$1,321$994$739$545$109
26 years$1,648$1,241$922$676$491$91
27 years$1,570$1,168$856$619$442$75
28 years$1,498$1,101$796$567$399$63
29 years$1,431$1,038$740$520$361$52
30 years$1,368$981$690$477$326$44
31 years$1,309$927$643$438$295$36
32 years$1,255$877$600$403$266$30
33 years$1,203$831$560$370$241$25
34 years$1,155$787$523$341$218$21
35 years$1,110$747$489$314$198$17
36 years$1,067$709$458$289$179$15
37 years$1,027$673$428$266$162$12
38 years$989$640$401$245$147$10
39 years$953$608$376$226$133$8
40 years$919$579$352$209$121$7
41 years$886$551$330$192$110$6
42 years$856$525$310$178$100$5
43 years$826$500$291$164$90$4
44 years$798$477$273$151$82$3
45 years$772$454$256$140$75$3
46 years$747$434$241$129$68$2
47 years$722$414$226$119$61$2
48 years$699$395$212$110$56$2
49 years$677$377$200$102$51$1
50 years$656$360$188$94$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $672,000, adding $3,220 every year, while hoping to spend $42,872 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: 66/5/29 Blend
53$672,000$672,000$672,000$672,000
54$743,865$708,249$697,833$787,063
55$774,124$697,338$675,595$805,723
56$806,033$684,455$651,175$821,050
57$839,713$669,459$624,455$836,870
58$875,301$652,199$595,311$853,235
59$912,941$632,517$563,614$870,204
60$952,794$610,243$529,228$887,845
61$995,034$585,200$492,012$906,233
62$1,039,852$557,199$451,819$925,452
63$1,087,456$526,041$408,494$945,598
64$1,138,074$491,514$361,876$966,777
65$1,191,955$453,397$311,797$989,108
66$1,249,373$411,452$258,080$1,012,725
67$1,310,627$365,430$200,544$1,037,778
68$1,376,044$315,069$138,995$1,064,434
69$1,445,983$260,090$73,233$1,092,880
70$1,520,837$200,199$3,051$1,123,323
71$1,601,039$135,084$0$1,155,997
72$1,687,061$64,420$0$1,213,391
73$1,779,422$0$0$1,276,016
74$1,878,694$0$0$1,343,989
75$1,985,501$0$0$1,420,966
76$2,100,531$0$0$1,503,901
77$2,224,537$0$0$1,593,342
78$2,358,350$0$0$1,689,891
79$2,502,879$0$0$1,794,210
80$2,659,125$0$0$1,907,026
81$2,828,188$0$0$2,029,139
82$3,011,278$0$0$2,161,426
83$3,209,723$0$0$2,304,854
84$3,424,985$0$0$2,460,485
85$3,658,672$0$0$2,629,487
86$3,912,551$0$0$2,813,145
87$4,188,569$0$0$3,012,873
88$4,488,863$0$0$3,230,226
89$4,815,789$0$0$3,466,915
90$5,171,937$0$0$3,724,824
91$5,560,157$0$0$4,006,025
92$5,983,588$0$0$4,312,797
93$6,445,681$0$0$4,647,653
94$6,950,239$0$0$5,013,355
95$7,501,445$0$0$5,412,945
96$8,103,906$0$0$5,849,772
97$8,762,694$0$0$6,327,524
98$9,483,392$0$0$6,850,261
99$10,272,149$0$0$7,422,452
100$11,135,734$0$0$8,049,022