Can I retire at age 54 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$55,741$55,244$54,760$54,287$53,825$53,286
2 years$27,594$27,081$26,582$26,100$25,631$25,087
3 years$18,214$17,697$17,201$16,722$16,261$15,731
4 years$13,524$13,009$12,518$12,047$11,598$11,084
5 years$10,711$10,200$9,714$9,254$8,816$8,321
6 years$8,836$8,329$7,851$7,400$6,976$6,500
7 years$7,498$6,994$6,524$6,084$5,673$5,217
8 years$6,494$5,996$5,533$5,104$4,707$4,269
9 years$5,714$5,220$4,765$4,347$3,964$3,546
10 years$5,091$4,601$4,155$3,747$3,377$2,978
11 years$4,581$4,096$3,658$3,261$2,905$2,524
12 years$4,156$3,677$3,246$2,861$2,517$2,155
13 years$3,797$3,323$2,900$2,526$2,195$1,851
14 years$3,489$3,020$2,606$2,242$1,924$1,597
15 years$3,223$2,759$2,353$1,999$1,694$1,384
16 years$2,991$2,531$2,133$1,790$1,497$1,203
17 years$2,785$2,331$1,941$1,608$1,328$1,050
18 years$2,603$2,154$1,772$1,450$1,180$918
19 years$2,440$1,996$1,622$1,310$1,052$804
20 years$2,294$1,855$1,489$1,186$940$706
21 years$2,162$1,728$1,369$1,077$841$621
22 years$2,042$1,613$1,262$979$754$547
23 years$1,932$1,509$1,165$892$677$482
24 years$1,832$1,414$1,078$813$608$425
25 years$1,740$1,327$998$743$547$376
26 years$1,655$1,247$926$679$493$332
27 years$1,577$1,173$860$621$444$294
28 years$1,504$1,106$799$569$401$260
29 years$1,437$1,043$744$522$362$231
30 years$1,374$985$693$479$327$204
31 years$1,315$931$646$440$296$181
32 years$1,260$881$602$404$268$161
33 years$1,209$834$563$372$242$143
34 years$1,160$791$526$342$219$127
35 years$1,115$750$491$315$199$112
36 years$1,072$712$460$290$180$100
37 years$1,032$676$430$267$163$89
38 years$993$643$403$246$148$79
39 years$957$611$378$227$134$70
40 years$923$581$354$210$122$62
41 years$890$553$332$193$110$55
42 years$859$527$311$178$100$49
43 years$830$502$292$165$91$44
44 years$802$479$274$152$82$39
45 years$775$456$257$140$75$34
46 years$750$435$242$130$68$31
47 years$726$416$227$120$62$27
48 years$702$397$213$111$56$24
49 years$680$379$201$102$51$22
50 years$659$362$189$95$46$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $675,000, adding $3,518 every year, while hoping to spend $43,565 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: 48/42/10 Blend
53$675,000$675,000$675,000$675,000
54$747,479$711,704$701,241$781,158
55$777,369$700,224$678,380$793,191
56$808,848$686,723$653,293$801,407
57$842,031$671,053$625,859$809,331
58$877,045$653,062$595,953$816,948
59$914,029$632,587$563,442$824,247
60$953,132$609,456$528,189$831,216
61$994,518$583,486$490,051$837,849
62$1,038,367$554,485$448,876$844,139
63$1,084,875$522,249$404,507$850,084
64$1,134,255$486,562$356,781$855,685
65$1,186,741$447,196$305,525$860,947
66$1,242,591$403,910$250,562$865,883
67$1,302,082$356,449$191,703$870,508
68$1,365,524$304,544$128,755$874,847
69$1,433,252$247,911$61,512$878,930
70$1,505,633$186,249$0$882,799
71$1,583,073$119,240$0$887,598
72$1,666,013$46,550$0$899,371
73$1,754,940$0$0$911,649
74$1,850,385$0$0$939,420
75$1,952,934$0$0$992,424
76$2,063,227$0$0$1,049,486
77$2,181,970$0$0$1,110,977
78$2,309,936$0$0$1,177,306
79$2,447,974$0$0$1,248,919
80$2,597,019$0$0$1,326,310
81$2,758,096$0$0$1,410,020
82$2,932,333$0$0$1,500,644
83$3,120,969$0$0$1,598,835
84$3,325,365$0$0$1,705,314
85$3,547,021$0$0$1,820,871
86$3,787,584$0$0$1,946,375
87$4,048,865$0$0$2,082,783
88$4,332,858$0$0$2,231,149
89$4,641,755$0$0$2,392,629
90$4,977,968$0$0$2,568,498
91$5,344,152$0$0$2,760,158
92$5,743,227$0$0$2,969,152
93$6,178,408$0$0$3,197,178
94$6,653,232$0$0$3,446,107
95$7,171,594$0$0$3,717,994
96$7,737,781$0$0$4,015,106
97$8,356,511$0$0$4,339,937
98$9,032,980$0$0$4,695,232
99$9,772,909$0$0$5,084,014
100$10,582,595$0$0$5,509,614