Can I retire at age 54 with 674,000?

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 $674,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$55,658$55,163$54,679$54,207$53,746$53,429
2 years$27,554$27,040$26,543$26,061$25,593$25,274
3 years$18,187$17,671$17,175$16,697$16,237$15,925
4 years$13,504$12,990$12,499$12,030$11,581$11,278
5 years$10,695$10,184$9,700$9,240$8,803$8,511
6 years$8,823$8,316$7,839$7,389$6,966$6,684
7 years$7,487$6,984$6,514$6,075$5,665$5,395
8 years$6,485$5,987$5,525$5,096$4,700$4,440
9 years$5,706$5,212$4,758$4,341$3,958$3,709
10 years$5,083$4,595$4,148$3,742$3,372$3,134
11 years$4,574$4,090$3,652$3,257$2,900$2,673
12 years$4,150$3,671$3,241$2,856$2,513$2,296
13 years$3,791$3,318$2,896$2,522$2,192$1,985
14 years$3,484$3,016$2,602$2,239$1,921$1,724
15 years$3,218$2,755$2,349$1,996$1,692$1,504
16 years$2,986$2,528$2,130$1,788$1,495$1,317
17 years$2,781$2,328$1,938$1,606$1,326$1,156
18 years$2,599$2,151$1,769$1,447$1,179$1,018
19 years$2,437$1,993$1,620$1,308$1,051$899
20 years$2,291$1,852$1,486$1,185$938$795
21 years$2,159$1,725$1,367$1,075$840$704
22 years$2,039$1,611$1,260$977$753$625
23 years$1,930$1,506$1,163$890$676$555
24 years$1,830$1,411$1,076$812$607$493
25 years$1,738$1,325$997$741$546$439
26 years$1,653$1,245$924$678$492$391
27 years$1,575$1,172$858$621$444$349
28 years$1,502$1,104$798$569$400$312
29 years$1,435$1,041$743$521$362$278
30 years$1,372$984$692$479$327$249
31 years$1,313$930$645$439$295$222
32 years$1,258$880$602$404$267$199
33 years$1,207$833$562$371$242$178
34 years$1,159$790$525$342$219$159
35 years$1,113$749$491$315$198$142
36 years$1,070$711$459$290$180$128
37 years$1,030$675$430$267$163$114
38 years$992$642$402$246$148$102
39 years$956$610$377$227$134$92
40 years$921$581$353$209$121$82
41 years$889$553$331$193$110$74
42 years$858$526$311$178$100$66
43 years$829$501$292$164$91$59
44 years$801$478$274$152$82$53
45 years$774$456$257$140$75$48
46 years$749$435$241$130$68$43
47 years$725$415$227$120$62$38
48 years$701$396$213$111$56$34
49 years$679$378$200$102$51$31
50 years$658$361$188$94$46$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $674,000, adding $6,489 every year, while hoping to spend $20,647 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: 47/48/5 Blend
53$674,000$674,000$674,000$674,000
54$749,441$713,719$703,272$783,390
55$803,916$726,723$704,864$820,331
56$863,255$739,673$705,816$857,685
57$927,933$752,543$706,087$897,731
58$998,472$765,307$705,631$940,723
59$1,075,447$777,937$704,400$986,942
60$1,159,489$790,403$702,344$1,036,699
61$1,251,296$802,671$699,411$1,090,334
62$1,351,633$814,707$695,547$1,148,225
63$1,461,345$826,473$690,693$1,210,785
64$1,581,361$837,929$684,790$1,278,474
65$1,712,703$849,031$677,774$1,351,796
66$1,856,499$859,734$669,579$1,431,309
67$2,013,989$869,988$660,137$1,517,625
68$2,186,538$879,740$649,374$1,611,423
69$2,375,652$888,934$637,215$1,713,450
70$2,582,988$897,511$623,581$1,824,529
71$2,810,369$905,406$608,388$1,945,570
72$3,059,807$912,551$591,549$2,077,575
73$3,333,516$918,874$572,974$2,221,649
74$3,633,933$924,297$552,567$2,379,011
75$3,963,745$928,739$530,229$2,551,008
76$4,325,911$932,112$505,857$2,739,121
77$4,723,691$934,322$479,340$2,944,987
78$5,160,676$935,272$450,566$3,170,410
79$5,640,821$934,856$419,416$3,417,381
80$6,168,484$932,963$385,765$3,688,093
81$6,748,465$929,475$349,485$3,984,968
82$7,386,056$924,266$310,439$4,310,674
83$8,087,081$917,203$268,487$4,668,156
84$8,857,962$908,145$223,480$5,060,660
85$9,705,772$896,942$175,264$5,491,766
86$10,638,304$883,435$123,679$5,965,424
87$11,664,145$867,457$68,555$6,485,986
88$12,792,754$848,828$9,718$7,058,254
89$14,034,555$827,362$0$7,687,523
90$15,401,034$802,857$0$8,382,462
91$16,904,845$775,102$0$9,147,415
92$18,559,931$743,874$0$9,988,971
93$20,381,656$708,935$0$10,914,970
94$22,386,948$670,036$0$11,934,053
95$24,594,460$626,912$0$13,055,747
96$27,024,746$579,281$0$14,290,558
97$29,700,453$526,849$0$15,650,066
98$32,646,536$469,302$0$17,147,039
99$35,890,494$406,309$0$18,795,553
100$39,462,627$337,520$0$20,611,125