Can I retire at age 54 with 683,000?

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 $683,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$56,402$55,899$55,409$54,931$54,463$52,552
2 years$27,922$27,402$26,898$26,409$25,935$24,029
3 years$18,429$17,907$17,404$16,920$16,454$14,614
4 years$13,684$13,164$12,666$12,190$11,735$9,975
5 years$10,838$10,320$9,829$9,363$8,921$7,245
6 years$8,941$8,427$7,944$7,488$7,059$5,468
7 years$7,587$7,077$6,601$6,156$5,741$4,236
8 years$6,571$6,067$5,598$5,164$4,762$3,341
9 years$5,782$5,282$4,822$4,399$4,011$2,672
10 years$5,151$4,656$4,204$3,792$3,417$2,159
11 years$4,635$4,145$3,701$3,300$2,939$1,758
12 years$4,205$3,720$3,284$2,895$2,547$1,440
13 years$3,842$3,362$2,934$2,555$2,221$1,186
14 years$3,531$3,056$2,637$2,268$1,947$980
15 years$3,261$2,792$2,381$2,023$1,714$813
16 years$3,026$2,561$2,158$1,811$1,515$676
17 years$2,818$2,359$1,964$1,628$1,343$564
18 years$2,634$2,180$1,793$1,467$1,194$471
19 years$2,469$2,020$1,641$1,325$1,065$393
20 years$2,321$1,877$1,506$1,200$951$329
21 years$2,188$1,749$1,385$1,089$851$276
22 years$2,066$1,632$1,277$991$763$232
23 years$1,955$1,527$1,179$902$685$194
24 years$1,854$1,430$1,090$823$615$163
25 years$1,761$1,342$1,010$751$554$137
26 years$1,675$1,261$937$687$499$115
27 years$1,596$1,187$870$629$450$97
28 years$1,522$1,119$809$576$406$82
29 years$1,454$1,055$752$528$366$69
30 years$1,390$997$701$485$331$58
31 years$1,331$942$653$445$299$49
32 years$1,275$892$610$409$271$41
33 years$1,223$844$569$376$245$34
34 years$1,174$800$532$346$222$29
35 years$1,128$759$497$319$201$24
36 years$1,085$720$465$294$182$21
37 years$1,044$684$435$271$165$17
38 years$1,005$650$408$249$150$15
39 years$968$618$382$230$136$12
40 years$934$588$358$212$123$10
41 years$901$560$336$196$112$9
42 years$870$533$315$181$101$7
43 years$840$508$296$167$92$6
44 years$812$484$277$154$83$5
45 years$785$462$260$142$76$4
46 years$759$441$245$131$69$4
47 years$734$420$230$121$62$3
48 years$711$401$216$112$57$3
49 years$688$383$203$104$52$2
50 years$667$366$191$96$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $683,000, adding $2,867 every year, while hoping to spend $40,957 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: 69/20/11 Blend
53$683,000$683,000$683,000$683,000
54$755,623$719,424$708,838$805,832
55$789,119$711,098$689,006$831,203
56$824,658$700,991$667,137$853,735
57$862,407$688,973$643,120$877,305
58$902,545$674,906$616,837$902,009
59$945,271$658,643$588,167$927,952
60$990,801$640,028$556,983$955,252
61$1,039,372$618,899$523,151$984,040
62$1,091,244$595,081$486,533$1,014,461
63$1,146,702$568,390$446,982$1,046,676
64$1,206,056$538,633$404,347$1,080,866
65$1,269,650$505,602$358,469$1,117,228
66$1,337,859$469,081$309,182$1,155,985
67$1,411,095$428,840$256,314$1,197,380
68$1,489,808$384,635$199,682$1,241,687
69$1,574,497$336,210$139,100$1,289,208
70$1,665,704$283,293$74,368$1,340,277
71$1,764,029$225,597$5,282$1,395,266
72$1,870,128$162,820$0$1,454,586
73$1,984,723$94,640$0$1,526,728
74$2,108,609$20,721$0$1,605,349
75$2,242,656$0$0$1,690,414
76$2,387,823$0$0$1,795,625
77$2,545,165$0$0$1,914,633
78$2,715,839$0$0$2,043,760
79$2,901,121$0$0$2,183,974
80$3,102,413$0$0$2,336,339
81$3,321,255$0$0$2,502,028
82$3,559,345$0$0$2,682,330
83$3,818,548$0$0$2,878,663
84$4,100,919$0$0$3,092,589
85$4,408,718$0$0$3,325,824
86$4,744,431$0$0$3,580,260
87$5,110,797$0$0$3,857,977
88$5,510,829$0$0$4,161,265
89$5,947,844$0$0$4,492,648
90$6,425,494$0$0$4,854,899
91$6,947,801$0$0$5,251,077
92$7,519,190$0$0$5,684,545
93$8,144,536$0$0$6,159,009
94$8,829,207$0$0$6,678,550
95$9,579,113$0$0$7,247,661
96$10,400,763$0$0$7,871,290
97$11,301,325$0$0$8,554,887
98$12,288,696$0$0$9,304,454
99$13,371,569$0$0$10,126,600
100$14,559,522$0$0$11,028,609