Can I retire at age 54 with 676,000?

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 $676,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$55,823$55,326$54,841$54,368$53,905$52,882
2 years$27,635$27,121$26,622$26,138$25,669$24,642
3 years$18,241$17,724$17,226$16,747$16,286$15,287
4 years$13,544$13,029$12,536$12,065$11,615$10,652
5 years$10,727$10,215$9,729$9,267$8,830$7,906
6 years$8,849$8,341$7,862$7,411$6,987$6,102
7 years$7,509$7,005$6,533$6,093$5,682$4,838
8 years$6,504$6,004$5,541$5,111$4,714$3,909
9 years$5,723$5,228$4,772$4,354$3,970$3,205
10 years$5,098$4,608$4,161$3,753$3,382$2,656
11 years$4,587$4,102$3,663$3,266$2,909$2,220
12 years$4,162$3,682$3,251$2,865$2,521$1,869
13 years$3,803$3,328$2,904$2,529$2,198$1,582
14 years$3,495$3,025$2,610$2,245$1,927$1,345
15 years$3,228$2,763$2,356$2,002$1,697$1,148
16 years$2,995$2,535$2,136$1,793$1,499$984
17 years$2,789$2,335$1,944$1,611$1,330$845
18 years$2,607$2,157$1,774$1,452$1,182$727
19 years$2,444$1,999$1,624$1,312$1,054$627
20 years$2,298$1,858$1,491$1,188$941$541
21 years$2,165$1,731$1,371$1,078$842$468
22 years$2,045$1,615$1,264$980$755$405
23 years$1,935$1,511$1,167$893$678$351
24 years$1,835$1,416$1,079$814$609$305
25 years$1,743$1,328$1,000$744$548$265
26 years$1,658$1,249$927$680$494$230
27 years$1,579$1,175$861$622$445$200
28 years$1,507$1,107$800$570$402$174
29 years$1,439$1,045$745$523$363$151
30 years$1,376$986$694$480$328$132
31 years$1,317$933$647$441$296$115
32 years$1,262$882$603$405$268$100
33 years$1,211$836$563$373$243$87
34 years$1,162$792$526$343$220$76
35 years$1,117$751$492$316$199$66
36 years$1,074$713$460$291$180$58
37 years$1,033$677$431$268$163$50
38 years$995$644$404$247$148$44
39 years$959$612$378$228$134$38
40 years$924$582$354$210$122$33
41 years$892$554$332$194$110$29
42 years$861$528$312$179$100$25
43 years$831$503$292$165$91$22
44 years$803$479$275$152$83$19
45 years$776$457$258$141$75$17
46 years$751$436$242$130$68$15
47 years$727$416$227$120$62$13
48 years$703$397$214$111$56$11
49 years$681$379$201$103$51$10
50 years$660$362$189$95$46$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $676,000, adding $6,500 every year, while hoping to spend $29,154 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: 48/25/27 Blend
53$676,000$676,000$676,000$676,000
54$751,657$715,829$705,351$781,676
55$797,306$719,885$697,960$807,474
56$846,635$723,162$689,345$832,091
57$899,987$725,593$679,434$858,255
58$957,741$727,102$668,150$886,125
59$1,020,314$727,614$655,417$915,880
60$1,088,163$727,044$641,150$947,717
61$1,161,792$725,305$625,265$981,855
62$1,241,754$722,304$607,671$1,018,537
63$1,328,658$717,942$588,273$1,058,035
64$1,423,174$712,114$566,973$1,100,646
65$1,526,038$704,709$543,667$1,146,703
66$1,638,063$695,609$518,249$1,196,573
67$1,760,140$684,688$490,605$1,250,666
68$1,893,251$671,814$460,616$1,309,431
69$2,038,477$656,847$428,161$1,373,371
70$2,197,007$639,639$393,111$1,443,040
71$2,370,152$620,031$355,330$1,519,051
72$2,559,352$597,857$314,678$1,602,085
73$2,766,196$572,942$271,010$1,692,894
74$2,992,430$545,098$224,171$1,792,310
75$3,239,978$514,128$174,001$1,901,255
76$3,510,960$479,824$120,333$2,020,750
77$3,807,707$441,965$62,994$2,151,920
78$4,132,789$400,318$1,801$2,296,014
79$4,489,036$354,636$0$2,454,410
80$4,879,563$304,658$0$2,646,927
81$5,307,802$250,110$0$2,858,701
82$5,777,534$190,701$0$3,091,133
83$6,292,920$126,123$0$3,346,344
84$6,858,547$56,052$0$3,626,676
85$7,479,466$0$0$3,934,710
86$8,161,241$0$0$4,278,754
87$8,910,002$0$0$4,673,615
88$9,732,500$0$0$5,107,442
89$10,636,174$0$0$5,584,169
90$11,629,218$0$0$6,108,128
91$12,720,659$0$0$6,684,094
92$13,920,443$0$0$7,317,326
93$15,239,526$0$0$8,013,618
94$16,689,981$0$0$8,779,355
95$18,285,107$0$0$9,621,570
96$20,039,557$0$0$10,548,013
97$21,969,477$0$0$11,567,222
98$24,092,654$0$0$12,688,604
99$26,428,686$0$0$13,922,525
100$28,999,170$0$0$15,280,406