Can I retire at age 54 with 685,000?

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 $685,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$56,567$56,063$55,571$55,091$54,623$54,233
2 years$28,003$27,482$26,976$26,486$26,011$25,618
3 years$18,483$17,960$17,455$16,970$16,502$16,118
4 years$13,724$13,202$12,703$12,226$11,770$11,397
5 years$10,870$10,351$9,858$9,391$8,947$8,588
6 years$8,967$8,452$7,967$7,510$7,080$6,734
7 years$7,609$7,098$6,620$6,174$5,758$5,425
8 years$6,591$6,084$5,615$5,179$4,776$4,458
9 years$5,799$5,298$4,836$4,412$4,022$3,717
10 years$5,166$4,670$4,216$3,803$3,427$3,136
11 years$4,649$4,157$3,712$3,310$2,948$2,669
12 years$4,218$3,731$3,294$2,903$2,554$2,289
13 years$3,853$3,372$2,943$2,563$2,227$1,974
14 years$3,541$3,065$2,644$2,275$1,953$1,712
15 years$3,271$2,800$2,387$2,029$1,719$1,490
16 years$3,035$2,569$2,165$1,817$1,519$1,302
17 years$2,827$2,366$1,970$1,632$1,347$1,141
18 years$2,642$2,186$1,798$1,471$1,198$1,003
19 years$2,477$2,026$1,646$1,329$1,068$883
20 years$2,328$1,883$1,511$1,204$954$779
21 years$2,194$1,754$1,390$1,093$853$689
22 years$2,072$1,637$1,281$993$765$610
23 years$1,961$1,531$1,182$905$687$540
24 years$1,859$1,434$1,094$825$617$480
25 years$1,766$1,346$1,013$754$555$426
26 years$1,680$1,265$939$689$500$379
27 years$1,600$1,191$872$631$451$337
28 years$1,527$1,122$811$578$407$300
29 years$1,458$1,058$755$530$368$267
30 years$1,394$1,000$703$486$332$238
31 years$1,335$945$655$447$300$212
32 years$1,279$894$611$410$272$189
33 years$1,227$847$571$377$246$169
34 years$1,178$803$533$347$223$151
35 years$1,131$761$499$320$202$135
36 years$1,088$722$467$294$183$120
37 years$1,047$686$437$271$166$108
38 years$1,008$652$409$250$150$96
39 years$971$620$383$231$136$86
40 years$937$590$359$213$123$77
41 years$903$562$337$196$112$69
42 years$872$535$316$181$102$61
43 years$842$510$296$167$92$55
44 years$814$486$278$154$84$49
45 years$787$463$261$143$76$44
46 years$761$442$245$132$69$39
47 years$736$422$230$122$63$35
48 years$713$403$217$112$57$31
49 years$690$384$204$104$52$28
50 years$669$367$191$96$47$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $685,000, adding $4,394 every year, while hoping to spend $32,041 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: 51/42/7 Blend
53$685,000$685,000$685,000$685,000
54$759,402$723,097$712,480$796,586
55$802,770$724,438$702,257$823,705
56$849,487$724,770$690,617$849,346
57$899,862$724,011$677,480$876,456
58$954,233$722,072$662,760$905,180
59$1,012,970$718,859$646,368$935,678
60$1,076,483$714,273$628,211$968,131
61$1,145,221$708,209$608,193$1,002,737
62$1,219,676$700,554$586,210$1,039,716
63$1,300,391$691,189$562,156$1,079,314
64$1,387,963$679,990$535,920$1,121,801
65$1,483,048$666,821$507,386$1,167,481
66$1,586,366$651,544$476,432$1,216,688
67$1,698,713$634,007$442,930$1,269,792
68$1,820,962$614,053$406,747$1,327,206
69$1,954,072$591,514$367,746$1,389,386
70$2,099,102$566,213$325,780$1,456,836
71$2,257,215$537,962$280,698$1,530,119
72$2,429,692$506,563$232,342$1,609,854
73$2,617,942$471,805$180,547$1,696,731
74$2,823,517$433,469$125,140$1,791,509
75$3,048,124$391,317$65,941$1,895,035
76$3,293,645$345,104$2,762$2,008,240
77$3,562,149$294,566$0$2,132,160
78$3,855,915$239,427$0$2,272,769
79$4,177,455$179,395$0$2,427,038
80$4,529,531$114,161$0$2,596,176
81$4,915,187$43,399$0$2,781,752
82$5,337,774$0$0$2,985,497
83$5,800,985$0$0$3,224,687
84$6,308,883$0$0$3,509,015
85$6,865,948$0$0$3,820,941
86$7,477,111$0$0$4,163,234
87$8,147,803$0$0$4,538,946
88$8,884,009$0$0$4,951,439
89$9,692,319$0$0$5,404,417
90$10,579,995$0$0$5,901,959
91$11,555,034$0$0$6,448,557
92$12,626,247$0$0$7,049,164
93$13,803,340$0$0$7,709,232
94$15,097,008$0$0$8,434,771
95$16,519,030$0$0$9,232,399
96$18,082,385$0$0$10,109,410
97$19,801,372$0$0$11,073,838
98$21,691,746$0$0$12,134,535
99$23,770,862$0$0$13,301,255
100$26,057,846$0$0$14,584,745