Can I retire at age 54 with 678,000?

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 $678,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$55,989$55,490$55,003$54,528$54,065$53,837
2 years$27,717$27,201$26,701$26,216$25,745$25,515
3 years$18,295$17,776$17,277$16,797$16,334$16,109
4 years$13,584$13,067$12,573$12,101$11,649$11,431
5 years$10,759$10,245$9,757$9,295$8,856$8,645
6 years$8,876$8,366$7,885$7,433$7,007$6,804
7 years$7,531$7,026$6,553$6,111$5,699$5,503
8 years$6,523$6,022$5,557$5,126$4,728$4,540
9 years$5,740$5,243$4,787$4,367$3,981$3,801
10 years$5,113$4,622$4,173$3,764$3,392$3,220
11 years$4,601$4,115$3,674$3,276$2,917$2,752
12 years$4,174$3,693$3,260$2,873$2,528$2,370
13 years$3,814$3,337$2,913$2,537$2,205$2,054
14 years$3,505$3,034$2,617$2,252$1,933$1,789
15 years$3,238$2,771$2,363$2,008$1,702$1,565
16 years$3,004$2,543$2,142$1,798$1,504$1,374
17 years$2,798$2,342$1,950$1,616$1,333$1,210
18 years$2,615$2,164$1,780$1,456$1,186$1,068
19 years$2,451$2,005$1,629$1,316$1,057$946
20 years$2,304$1,863$1,495$1,192$944$839
21 years$2,172$1,736$1,375$1,081$845$745
22 years$2,051$1,620$1,268$983$757$663
23 years$1,941$1,515$1,170$895$680$591
24 years$1,840$1,420$1,082$817$611$527
25 years$1,748$1,332$1,003$746$550$471
26 years$1,663$1,252$930$682$495$421
27 years$1,584$1,179$863$624$446$376
28 years$1,511$1,111$803$572$403$337
29 years$1,443$1,048$747$524$364$302
30 years$1,380$989$696$481$329$271
31 years$1,321$935$649$442$297$243
32 years$1,266$885$605$406$269$218
33 years$1,214$838$565$374$243$195
34 years$1,166$794$528$344$220$175
35 years$1,120$753$494$316$199$158
36 years$1,077$715$462$291$181$142
37 years$1,036$679$432$269$164$127
38 years$998$645$405$248$149$114
39 years$961$614$379$228$135$103
40 years$927$584$355$210$122$93
41 years$894$556$333$194$111$83
42 years$863$529$313$179$101$75
43 years$834$504$293$165$91$67
44 years$806$481$275$153$83$61
45 years$779$458$259$141$75$55
46 years$753$437$243$130$68$49
47 years$729$417$228$120$62$44
48 years$706$398$214$111$56$40
49 years$683$381$202$103$51$36
50 years$662$363$189$95$46$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $678,000, adding $2,335 every year, while hoping to spend $35,712 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: 63/8/29 Blend
53$678,000$678,000$678,000$678,000
54$749,565$713,631$703,122$790,829
55$788,023$710,601$688,679$816,094
56$829,207$706,226$672,555$839,580
57$873,357$700,403$654,657$864,475
58$920,737$693,020$634,886$890,923
59$971,637$683,962$613,139$919,084
60$1,026,373$673,105$589,308$949,137
61$1,085,294$660,319$563,281$981,279
62$1,148,784$645,464$534,940$1,015,729
63$1,217,262$628,394$504,163$1,052,730
64$1,291,191$608,954$470,822$1,092,551
65$1,371,079$586,979$434,780$1,135,491
66$1,457,483$562,295$395,900$1,181,880
67$1,551,017$534,718$354,033$1,232,086
68$1,652,355$504,054$309,027$1,286,514
69$1,762,238$470,095$260,722$1,345,613
70$1,881,481$432,625$208,951$1,409,882
71$2,010,981$391,412$153,540$1,479,871
72$2,151,725$346,215$94,307$1,556,190
73$2,304,796$296,775$31,062$1,639,515
74$2,471,388$242,820$0$1,730,591
75$2,652,816$184,064$0$1,841,518
76$2,850,524$120,204$0$1,972,926
77$3,066,102$50,918$0$2,116,269
78$3,301,301$0$0$2,272,735
79$3,558,047$0$0$2,445,755
80$3,838,462$0$0$2,639,666
81$4,144,881$0$0$2,851,605
82$4,479,873$0$0$3,083,357
83$4,846,270$0$0$3,336,886
84$5,247,187$0$0$3,614,355
85$5,686,055$0$0$3,918,144
86$6,166,652$0$0$4,250,876
87$6,693,140$0$0$4,615,438
88$7,270,101$0$0$5,015,012
89$7,902,581$0$0$5,453,099
90$8,596,138$0$0$5,933,557
91$9,356,894$0$0$6,460,636
92$10,191,592$0$0$7,039,016
93$11,107,658$0$0$7,673,851
94$12,113,274$0$0$8,370,821
95$13,217,450$0$0$9,136,179
96$14,430,114$0$0$9,976,818
97$15,762,200$0$0$10,900,327
98$17,225,756$0$0$11,915,070
99$18,834,054$0$0$13,030,257
100$20,601,712$0$0$14,256,039