Can I retire at age 54 with 686,000?

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 $686,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$56,649$56,145$55,652$55,172$54,703$53,620
2 years$28,044$27,522$27,016$26,525$26,049$24,963
3 years$18,510$17,986$17,481$16,995$16,526$15,471
4 years$13,744$13,222$12,722$12,244$11,787$10,770
5 years$10,886$10,366$9,873$9,404$8,960$7,984
6 years$8,980$8,464$7,978$7,521$7,090$6,156
7 years$7,620$7,108$6,630$6,183$5,766$4,875
8 years$6,600$6,093$5,623$5,187$4,783$3,935
9 years$5,807$5,305$4,843$4,418$4,028$3,222
10 years$5,174$4,676$4,222$3,808$3,432$2,667
11 years$4,655$4,163$3,717$3,315$2,952$2,227
12 years$4,224$3,737$3,299$2,907$2,558$1,872
13 years$3,859$3,377$2,947$2,567$2,231$1,582
14 years$3,546$3,069$2,648$2,278$1,955$1,344
15 years$3,276$2,804$2,391$2,032$1,722$1,146
16 years$3,039$2,573$2,168$1,819$1,522$980
17 years$2,831$2,369$1,973$1,635$1,349$840
18 years$2,646$2,189$1,801$1,473$1,200$722
19 years$2,480$2,029$1,648$1,331$1,069$621
20 years$2,331$1,885$1,513$1,206$955$536
21 years$2,197$1,756$1,392$1,094$855$463
22 years$2,075$1,639$1,283$995$766$400
23 years$1,964$1,533$1,184$906$688$346
24 years$1,862$1,437$1,095$826$618$300
25 years$1,769$1,348$1,014$755$556$260
26 years$1,682$1,267$941$690$501$226
27 years$1,603$1,192$874$632$452$196
28 years$1,529$1,124$812$579$408$170
29 years$1,460$1,060$756$531$368$148
30 years$1,396$1,001$704$487$333$128
31 years$1,337$946$656$447$301$112
32 years$1,281$895$612$411$272$97
33 years$1,229$848$572$378$246$84
34 years$1,179$804$534$348$223$73
35 years$1,133$762$499$320$202$64
36 years$1,090$724$467$295$183$56
37 years$1,048$687$437$272$166$48
38 years$1,010$653$409$250$150$42
39 years$973$621$384$231$136$37
40 years$938$591$360$213$124$32
41 years$905$562$337$196$112$28
42 years$873$536$316$181$102$24
43 years$844$510$297$167$92$21
44 years$815$486$279$155$84$18
45 years$788$464$262$143$76$16
46 years$762$443$246$132$69$14
47 years$737$422$231$122$63$12
48 years$714$403$217$113$57$11
49 years$691$385$204$104$52$9
50 years$670$368$192$96$47$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $686,000, adding $5,300 every year, while hoping to spend $39,064 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: 45/34/21 Blend
53$686,000$686,000$686,000$686,000
54$761,439$725,081$714,448$790,885
55$797,542$719,046$696,818$806,083
56$836,018$711,406$677,289$818,291
57$877,068$702,042$655,754$830,728
58$920,913$690,825$632,105$843,434
59$967,792$677,622$606,227$856,456
60$1,017,972$662,290$578,000$869,849
61$1,071,740$644,677$547,299$883,674
62$1,129,416$624,625$513,992$898,004
63$1,191,348$601,963$477,942$912,923
64$1,257,919$576,513$439,007$928,525
65$1,329,550$548,085$397,036$944,919
66$1,406,702$516,479$351,875$962,229
67$1,489,881$481,483$303,358$980,594
68$1,579,646$442,872$251,317$1,000,175
69$1,676,606$400,409$195,574$1,021,151
70$1,781,436$353,845$135,941$1,043,727
71$1,894,874$302,915$72,226$1,068,132
72$2,017,732$247,338$4,227$1,094,627
73$2,150,903$186,820$0$1,123,502
74$2,295,369$121,049$0$1,170,400
75$2,452,211$49,694$0$1,222,380
76$2,622,616$0$0$1,278,961
77$2,807,891$0$0$1,350,980
78$3,009,474$0$0$1,449,640
79$3,228,947$0$0$1,557,129
80$3,468,050$0$0$1,674,311
81$3,728,698$0$0$1,802,134
82$4,013,001$0$0$1,941,641
83$4,323,277$0$0$2,093,982
84$4,662,081$0$0$2,260,422
85$5,032,225$0$0$2,442,354
86$5,436,804$0$0$2,641,312
87$5,879,226$0$0$2,858,982
88$6,363,243$0$0$3,097,226
89$6,892,986$0$0$3,358,088
90$7,473,004$0$0$3,643,825
91$8,108,308$0$0$3,956,918
92$8,804,414$0$0$4,300,101
93$9,567,398$0$0$4,676,386
94$10,403,952$0$0$5,089,088
95$11,321,446$0$0$5,541,861
96$12,327,998$0$0$6,038,728
97$13,432,548$0$0$6,584,121
98$14,644,946$0$0$7,182,921
99$15,976,040$0$0$7,840,506
100$17,437,781$0$0$8,562,800