Can I retire at age 54 with 687,000?

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 $687,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$56,732$56,226$55,733$55,252$54,782$54,255
2 years$28,085$27,562$27,055$26,564$26,087$25,556
3 years$18,537$18,012$17,506$17,020$16,551$16,032
4 years$13,764$13,241$12,740$12,262$11,804$11,302
5 years$10,901$10,381$9,887$9,418$8,973$8,490
6 years$8,993$8,477$7,990$7,532$7,100$6,635
7 years$7,631$7,119$6,640$6,192$5,774$5,328
8 years$6,610$6,102$5,631$5,195$4,790$4,363
9 years$5,816$5,313$4,850$4,425$4,034$3,626
10 years$5,181$4,683$4,228$3,814$3,437$3,047
11 years$4,662$4,169$3,723$3,319$2,956$2,584
12 years$4,230$3,742$3,304$2,912$2,562$2,207
13 years$3,864$3,382$2,952$2,570$2,234$1,897
14 years$3,552$3,074$2,652$2,282$1,958$1,638
15 years$3,281$2,808$2,394$2,035$1,724$1,421
16 years$3,044$2,576$2,171$1,822$1,524$1,236
17 years$2,835$2,373$1,975$1,637$1,351$1,079
18 years$2,649$2,192$1,803$1,475$1,201$944
19 years$2,484$2,032$1,651$1,333$1,071$828
20 years$2,335$1,888$1,515$1,207$956$727
21 years$2,200$1,759$1,394$1,096$856$640
22 years$2,078$1,642$1,284$996$767$564
23 years$1,967$1,535$1,186$907$689$498
24 years$1,865$1,439$1,097$828$619$439
25 years$1,771$1,350$1,016$756$557$389
26 years$1,685$1,269$942$691$502$344
27 years$1,605$1,194$875$633$452$304
28 years$1,531$1,125$813$580$408$270
29 years$1,462$1,062$757$531$369$239
30 years$1,398$1,003$705$488$333$212
31 years$1,339$948$657$448$301$188
32 years$1,283$897$613$412$272$167
33 years$1,230$849$573$379$246$148
34 years$1,181$805$535$348$223$132
35 years$1,135$763$500$321$202$117
36 years$1,091$725$468$295$183$104
37 years$1,050$688$438$272$166$93
38 years$1,011$654$410$251$150$82
39 years$974$622$384$231$136$73
40 years$939$592$360$213$124$65
41 years$906$563$338$197$112$58
42 years$875$536$317$182$102$51
43 years$845$511$297$168$92$46
44 years$816$487$279$155$84$41
45 years$789$465$262$143$76$36
46 years$763$443$246$132$69$32
47 years$739$423$231$122$63$29
48 years$715$404$217$113$57$26
49 years$692$386$204$104$52$23
50 years$671$368$192$96$47$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $687,000, adding $2,121 every year, while hoping to spend $28,580 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: 31/41/28 Blend
53$687,000$687,000$687,000$687,000
54$759,262$722,851$712,202$776,233
55$806,298$727,862$705,652$794,553
56$857,173$732,160$697,925$811,604
57$912,250$735,681$688,950$829,397
58$971,926$738,355$678,656$848,017
59$1,036,637$740,110$666,966$867,559
60$1,106,864$740,865$653,800$888,131
61$1,183,136$740,539$639,074$909,854
62$1,266,034$739,044$622,701$932,863
63$1,356,197$736,285$604,589$957,309
64$1,454,329$732,163$584,643$983,364
65$1,561,205$726,573$562,762$1,011,216
66$1,677,675$719,403$538,843$1,041,078
67$1,804,678$710,534$512,774$1,073,190
68$1,943,246$699,841$484,443$1,107,814
69$2,094,515$687,190$453,729$1,145,249
70$2,259,733$672,441$420,507$1,185,824
71$2,440,279$655,443$384,647$1,229,908
72$2,637,668$636,040$346,013$1,277,911
73$2,853,567$614,063$304,461$1,330,289
74$3,089,813$589,335$259,843$1,387,551
75$3,348,430$561,668$212,004$1,450,263
76$3,631,645$530,865$160,781$1,519,052
77$3,941,911$496,715$106,005$1,594,619
78$4,281,929$458,997$47,499$1,677,739
79$4,654,673$417,475$0$1,769,274
80$5,063,421$371,903$0$1,874,644
81$5,511,782$322,018$0$2,005,883
82$6,003,730$267,543$0$2,150,024
83$6,543,644$208,186$0$2,308,435
84$7,136,346$143,638$0$2,482,631
85$7,787,149$73,572$0$2,674,286
86$8,501,905$0$0$2,885,251
87$9,287,061$0$0$3,118,634
88$10,149,719$0$0$3,411,633
89$11,097,702$0$0$3,733,728
90$12,139,630$0$0$4,087,862
91$13,284,999$0$0$4,477,275
92$14,544,269$0$0$4,905,541
93$15,928,968$0$0$5,376,595
94$17,451,793$0$0$5,894,773
95$19,126,735$0$0$6,464,853
96$20,969,210$0$0$7,092,099
97$22,996,201$0$0$7,782,310
98$25,226,421$0$0$8,541,878
99$27,680,488$0$0$9,377,843
100$30,381,121$0$0$10,297,965