Can I retire at age 54 with 682,000?

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 $682,000?

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$56,319$55,817$55,328$54,850$54,384$52,664
2 years$27,881$27,361$26,858$26,370$25,897$24,180
3 years$18,402$17,881$17,379$16,896$16,430$14,770
4 years$13,664$13,144$12,647$12,172$11,718$10,127
5 years$10,822$10,305$9,815$9,350$8,908$7,390
6 years$8,928$8,415$7,932$7,477$7,049$5,606
7 years$7,576$7,067$6,591$6,147$5,732$4,364
8 years$6,562$6,058$5,590$5,157$4,756$3,461
9 years$5,774$5,274$4,815$4,392$4,005$2,783
10 years$5,143$4,649$4,198$3,786$3,412$2,261
11 years$4,628$4,139$3,696$3,295$2,935$1,852
12 years$4,199$3,715$3,280$2,890$2,543$1,527
13 years$3,836$3,357$2,930$2,552$2,218$1,265
14 years$3,526$3,051$2,633$2,265$1,944$1,052
15 years$3,257$2,788$2,377$2,020$1,712$878
16 years$3,022$2,558$2,155$1,809$1,513$735
17 years$2,814$2,355$1,961$1,625$1,341$617
18 years$2,630$2,177$1,790$1,465$1,193$518
19 years$2,466$2,017$1,639$1,323$1,063$436
20 years$2,318$1,874$1,504$1,199$950$368
21 years$2,184$1,746$1,383$1,088$850$310
22 years$2,063$1,630$1,275$989$762$262
23 years$1,952$1,524$1,177$901$684$222
24 years$1,851$1,428$1,089$822$615$188
25 years$1,758$1,340$1,008$750$553$159
26 years$1,673$1,260$935$686$498$134
27 years$1,593$1,185$868$628$449$114
28 years$1,520$1,117$807$575$405$96
29 years$1,452$1,054$751$528$366$82
30 years$1,388$995$700$484$331$69
31 years$1,329$941$652$445$299$59
32 years$1,273$890$609$409$270$50
33 years$1,221$843$568$376$245$42
34 years$1,172$799$531$346$222$36
35 years$1,127$758$497$318$201$30
36 years$1,083$719$464$293$182$26
37 years$1,042$683$435$270$165$22
38 years$1,004$649$407$249$149$19
39 years$967$617$381$230$135$16
40 years$932$587$358$212$123$13
41 years$900$559$335$195$111$11
42 years$868$533$314$180$101$10
43 years$839$507$295$166$92$8
44 years$810$484$277$154$83$7
45 years$783$461$260$142$76$6
46 years$758$440$244$131$69$5
47 years$733$420$229$121$62$4
48 years$710$401$216$112$57$4
49 years$687$383$203$103$51$3
50 years$666$366$191$96$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $682,000, adding $3,268 every year, while hoping to spend $22,665 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: 63/20/17 Blend
53$682,000$682,000$682,000$682,000
54$754,935$718,789$708,218$799,085
55$807,823$729,894$707,828$840,256
56$865,346$740,784$706,665$882,333
57$927,953$751,424$704,680$927,744
58$996,137$761,777$701,820$976,816
59$1,070,442$771,803$698,030$1,029,907
60$1,151,467$781,461$693,254$1,087,415
61$1,239,869$790,705$687,430$1,149,776
62$1,336,373$799,487$680,496$1,217,472
63$1,441,777$807,756$672,387$1,291,035
64$1,556,958$815,456$663,032$1,371,050
65$1,682,884$822,529$652,359$1,458,164
66$1,820,618$828,913$640,293$1,553,090
67$1,971,332$834,541$626,755$1,656,612
68$2,136,318$839,343$611,660$1,769,598
69$2,316,995$843,243$594,923$1,893,003
70$2,514,928$846,162$576,453$2,027,881
71$2,731,841$848,015$556,155$2,175,394
72$2,969,631$848,710$533,928$2,336,822
73$3,230,389$848,152$509,671$2,513,580
74$3,516,417$846,240$483,272$2,707,224
75$3,830,250$842,864$454,621$2,919,473
76$4,174,681$837,910$423,597$3,152,221
77$4,552,788$831,257$390,076$3,407,556
78$4,967,959$822,775$353,930$3,687,782
79$5,423,926$812,327$315,023$3,995,438
80$5,924,804$799,768$273,213$4,333,324
81$6,475,121$784,944$228,353$4,704,527
82$7,079,870$767,692$180,289$5,112,452
83$7,744,548$747,841$128,860$5,560,850
84$8,475,212$725,206$73,898$6,053,860
85$9,278,538$699,594$15,227$6,596,044
86$10,161,876$670,802$0$7,192,432
87$11,133,328$638,612$0$7,857,163
88$12,201,819$602,795$0$8,591,263
89$13,377,182$563,109$0$9,398,741
90$14,670,251$519,298$0$10,287,067
91$16,092,964$471,092$0$11,264,470
92$17,658,474$418,203$0$12,340,022
93$19,381,273$360,329$0$13,523,721
94$21,277,329$297,151$0$14,826,585
95$23,364,236$228,332$0$16,260,759
96$25,661,381$153,513$0$17,839,626
97$28,190,126$72,319$0$19,577,938
98$30,974,009$0$0$21,491,953
99$34,038,964$0$0$23,603,032
100$37,413,572$0$0$25,944,978