Can I retire at age 54 with 681,000?

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 $681,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$56,236$55,735$55,247$54,770$54,304$52,587
2 years$27,840$27,321$26,819$26,332$25,859$24,144
3 years$18,375$17,855$17,354$16,871$16,406$14,748
4 years$13,644$13,125$12,629$12,155$11,701$10,112
5 years$10,806$10,290$9,801$9,336$8,895$7,380
6 years$8,915$8,403$7,920$7,466$7,038$5,598
7 years$7,564$7,057$6,582$6,138$5,724$4,358
8 years$6,552$6,049$5,582$5,149$4,749$3,456
9 years$5,765$5,267$4,808$4,386$3,999$2,779
10 years$5,136$4,642$4,191$3,781$3,407$2,258
11 years$4,621$4,133$3,690$3,290$2,930$1,849
12 years$4,193$3,709$3,275$2,886$2,539$1,524
13 years$3,831$3,352$2,926$2,548$2,214$1,263
14 years$3,521$3,047$2,629$2,262$1,941$1,051
15 years$3,252$2,783$2,374$2,017$1,709$877
16 years$3,017$2,554$2,152$1,806$1,511$734
17 years$2,810$2,352$1,958$1,623$1,339$616
18 years$2,626$2,173$1,788$1,462$1,191$518
19 years$2,462$2,014$1,636$1,321$1,061$436
20 years$2,315$1,872$1,502$1,197$948$367
21 years$2,181$1,743$1,381$1,086$848$310
22 years$2,060$1,627$1,273$988$761$262
23 years$1,950$1,522$1,176$899$683$221
24 years$1,849$1,426$1,087$820$614$187
25 years$1,756$1,338$1,007$749$552$158
26 years$1,670$1,258$934$685$497$134
27 years$1,591$1,184$867$627$448$114
28 years$1,518$1,115$806$574$405$96
29 years$1,450$1,052$750$527$365$82
30 years$1,386$994$699$483$330$69
31 years$1,327$939$651$444$298$59
32 years$1,272$889$608$408$270$50
33 years$1,220$842$568$375$244$42
34 years$1,171$798$530$345$221$36
35 years$1,125$757$496$318$200$30
36 years$1,082$718$464$293$182$26
37 years$1,041$682$434$270$165$22
38 years$1,002$648$407$249$149$19
39 years$966$616$381$229$135$16
40 years$931$587$357$211$123$13
41 years$898$558$335$195$111$11
42 years$867$532$314$180$101$10
43 years$837$507$295$166$92$8
44 years$809$483$277$153$83$7
45 years$782$461$260$142$76$6
46 years$757$439$244$131$69$5
47 years$732$419$229$121$62$4
48 years$709$400$215$112$57$4
49 years$686$382$202$103$51$3
50 years$665$365$190$95$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $681,000, adding $6,350 every year, while hoping to spend $46,090 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: 47/38/15 Blend
53$681,000$681,000$681,000$681,000
54$757,012$720,919$710,364$789,115
55$785,188$707,205$685,121$798,308
56$814,693$691,274$657,489$803,066
57$845,614$672,968$627,337$807,224
58$878,045$652,123$594,532$810,744
59$912,090$628,560$558,932$813,587
60$947,857$602,094$520,391$815,713
61$985,470$572,528$478,755$817,083
62$1,025,058$539,652$433,863$817,656
63$1,066,765$503,246$385,549$817,393
64$1,110,746$463,076$333,636$816,254
65$1,157,171$418,896$277,942$814,200
66$1,206,225$370,444$218,275$811,195
67$1,258,110$317,446$154,437$807,201
68$1,313,046$259,609$86,220$802,184
69$1,371,273$196,627$13,405$796,114
70$1,433,055$128,174$0$788,961
71$1,498,679$53,907$0$790,993
72$1,568,459$0$0$794,857
73$1,642,740$0$0$809,527
74$1,721,898$0$0$849,225
75$1,806,345$0$0$891,621
76$1,896,534$0$0$936,949
77$1,992,959$0$0$985,463
78$2,096,163$0$0$1,037,443
79$2,206,741$0$0$1,093,196
80$2,325,347$0$0$1,153,059
81$2,452,696$0$0$1,217,402
82$2,589,575$0$0$1,286,629
83$2,736,847$0$0$1,361,187
84$2,895,459$0$0$1,441,564
85$3,066,453$0$0$1,528,298
86$3,250,971$0$0$1,621,979
87$3,450,270$0$0$1,723,256
88$3,665,730$0$0$1,832,842
89$3,898,868$0$0$1,951,522
90$4,151,352$0$0$2,080,156
91$4,425,015$0$0$2,219,692
92$4,721,874$0$0$2,371,173
93$5,044,147$0$0$2,535,745
94$5,394,271$0$0$2,714,668
95$5,774,930$0$0$2,909,331
96$6,189,076$0$0$3,121,259
97$6,639,954$0$0$3,352,131
98$7,131,140$0$0$3,603,796
99$7,666,565$0$0$3,878,289
100$8,250,557$0$0$4,177,846