Can I retire at age 54 with 691,000?

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 $691,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$57,062$56,554$56,058$55,574$55,101$53,445
2 years$28,249$27,722$27,213$26,718$26,239$24,584
3 years$18,645$18,117$17,608$17,119$16,647$15,045
4 years$13,845$13,318$12,814$12,333$11,873$10,337
5 years$10,965$10,441$9,944$9,473$9,025$7,559
6 years$9,046$8,526$8,037$7,576$7,142$5,747
7 years$7,676$7,160$6,678$6,228$5,808$4,484
8 years$6,648$6,138$5,664$5,225$4,818$3,565
9 years$5,850$5,344$4,878$4,450$4,058$2,873
10 years$5,211$4,710$4,253$3,836$3,457$2,340
11 years$4,689$4,193$3,744$3,339$2,973$1,922
12 years$4,255$3,764$3,323$2,928$2,577$1,588
13 years$3,887$3,401$2,969$2,585$2,247$1,319
14 years$3,572$3,092$2,668$2,295$1,970$1,101
15 years$3,300$2,824$2,408$2,047$1,734$921
16 years$3,061$2,591$2,184$1,833$1,533$774
17 years$2,851$2,386$1,987$1,647$1,359$651
18 years$2,665$2,205$1,814$1,484$1,208$549
19 years$2,498$2,044$1,660$1,341$1,077$463
20 years$2,348$1,899$1,524$1,214$962$392
21 years$2,213$1,769$1,402$1,102$861$332
22 years$2,090$1,651$1,292$1,002$772$281
23 years$1,978$1,544$1,193$913$693$238
24 years$1,876$1,447$1,103$832$623$202
25 years$1,782$1,358$1,022$760$560$172
26 years$1,695$1,276$948$695$505$146
27 years$1,614$1,201$880$636$455$124
28 years$1,540$1,132$818$583$411$105
29 years$1,471$1,068$761$535$371$90
30 years$1,407$1,008$709$491$335$76
31 years$1,346$953$661$451$303$65
32 years$1,290$902$617$414$274$55
33 years$1,237$854$576$381$248$47
34 years$1,188$810$538$350$224$40
35 years$1,141$768$503$323$203$34
36 years$1,097$729$471$297$184$29
37 years$1,056$692$440$274$167$25
38 years$1,017$658$412$252$151$21
39 years$980$626$386$233$137$18
40 years$945$595$362$215$124$15
41 years$911$567$340$198$113$13
42 years$880$540$319$183$102$11
43 years$850$514$299$169$93$9
44 years$821$490$281$156$84$8
45 years$794$467$264$144$77$7
46 years$768$446$247$133$70$6
47 years$743$425$233$123$63$5
48 years$719$406$218$113$57$4
49 years$696$388$205$105$52$4
50 years$675$370$193$97$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $691,000, adding $3,009 every year, while hoping to spend $22,055 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: 43/39/18 Blend
53$691,000$691,000$691,000$691,000
54$764,586$727,963$717,252$793,340
55$819,107$740,167$717,814$826,106
56$878,451$752,229$717,655$859,183
57$943,085$764,120$716,729$894,555
58$1,013,525$775,808$714,984$932,445
59$1,090,338$787,257$712,371$973,098
60$1,174,150$798,430$708,832$1,016,783
61$1,265,648$809,287$704,313$1,063,801
62$1,365,588$819,786$698,751$1,114,480
63$1,474,803$829,881$692,084$1,169,186
64$1,594,211$839,523$684,247$1,228,321
65$1,724,822$848,661$675,171$1,292,329
66$1,867,746$857,238$664,782$1,361,702
67$2,024,210$865,196$653,005$1,436,980
68$2,195,560$872,471$639,762$1,518,763
69$2,383,281$878,997$624,968$1,607,710
70$2,589,009$884,701$608,538$1,704,552
71$2,814,545$889,507$590,380$1,810,094
72$3,061,870$893,335$570,400$1,925,225
73$3,333,171$896,099$548,498$2,050,926
74$3,630,852$897,706$524,571$2,188,281
75$3,957,565$898,059$498,510$2,338,485
76$4,316,228$897,054$470,201$2,502,859
77$4,710,056$894,583$439,526$2,682,858
78$5,142,592$890,529$406,360$2,880,093
79$5,617,739$884,767$370,576$3,096,335
80$6,139,795$877,167$332,036$3,333,545
81$6,713,495$867,589$290,601$3,593,883
82$7,344,057$855,886$246,121$3,879,733
83$8,037,229$841,903$198,444$4,193,727
84$8,799,342$825,472$147,408$4,538,768
85$9,637,374$806,420$92,846$4,918,058
86$10,559,012$784,559$34,581$5,335,132
87$11,572,722$759,694$0$5,793,888
88$12,687,838$731,617$0$6,303,928
89$13,914,637$700,106$0$6,872,127
90$15,264,449$664,930$0$7,497,110
91$16,749,753$625,841$0$8,184,688
92$18,384,300$582,580$0$8,941,272
93$20,183,242$534,870$0$9,773,927
94$22,163,274$482,420$0$10,690,447
95$24,342,792$424,923$0$11,699,420
96$26,742,065$362,052$0$12,810,319
97$29,383,427$293,464$0$14,033,587
98$32,291,489$218,796$0$15,380,735
99$35,493,368$137,664$0$16,864,458
100$39,018,945$49,664$0$18,498,747