Can I retire at age 54 with 703,000?

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 $703,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$58,053$57,536$57,031$56,539$56,058$54,307
2 years$28,739$28,204$27,685$27,182$26,694$24,946
3 years$18,969$18,432$17,914$17,416$16,936$15,245
4 years$14,085$13,549$13,037$12,547$12,079$10,458
5 years$11,155$10,623$10,117$9,637$9,182$7,636
6 years$9,203$8,674$8,176$7,707$7,266$5,795
7 years$7,809$7,285$6,794$6,336$5,909$4,515
8 years$6,764$6,244$5,762$5,316$4,902$3,583
9 years$5,951$5,437$4,963$4,528$4,128$2,882
10 years$5,302$4,792$4,327$3,903$3,517$2,343
11 years$4,771$4,266$3,809$3,397$3,025$1,920
12 years$4,328$3,829$3,381$2,979$2,621$1,584
13 years$3,954$3,460$3,020$2,630$2,286$1,313
14 years$3,634$3,145$2,714$2,335$2,004$1,093
15 years$3,357$2,873$2,450$2,082$1,764$913
16 years$3,115$2,636$2,221$1,864$1,559$765
17 years$2,901$2,428$2,021$1,675$1,383$642
18 years$2,711$2,244$1,845$1,510$1,229$540
19 years$2,542$2,079$1,689$1,364$1,096$455
20 years$2,389$1,932$1,550$1,236$979$384
21 years$2,252$1,800$1,426$1,121$876$324
22 years$2,127$1,680$1,314$1,020$785$274
23 years$2,013$1,571$1,214$928$705$232
24 years$1,908$1,472$1,122$847$633$196
25 years$1,812$1,382$1,039$773$570$166
26 years$1,724$1,298$964$707$513$141
27 years$1,643$1,222$895$647$463$119
28 years$1,567$1,151$832$593$418$101
29 years$1,497$1,086$774$544$377$86
30 years$1,431$1,026$721$499$341$73
31 years$1,370$970$673$458$308$62
32 years$1,313$918$627$421$279$53
33 years$1,259$869$586$387$252$45
34 years$1,209$824$547$356$228$38
35 years$1,161$781$512$328$207$32
36 years$1,117$741$479$302$187$27
37 years$1,074$704$448$278$170$23
38 years$1,035$669$420$257$154$20
39 years$997$636$393$237$140$17
40 years$961$605$369$218$127$14
41 years$927$576$346$201$115$12
42 years$895$549$324$186$104$10
43 years$864$523$304$172$95$9
44 years$835$499$286$158$86$7
45 years$807$475$268$146$78$6
46 years$781$454$252$135$71$5
47 years$756$433$237$125$64$5
48 years$732$413$222$115$58$4
49 years$708$395$209$107$53$3
50 years$686$377$196$99$48$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $703,000, adding $3,834 every year, while hoping to spend $54,987 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: 54/40/6 Blend
53$703,000$703,000$703,000$703,000
54$778,661$741,402$730,505$819,453
55$799,578$719,225$696,471$825,275
56$820,787$694,118$659,455$825,207
57$842,257$665,880$619,297$823,790
58$863,957$634,298$575,833$820,907
59$885,848$599,145$528,890$816,427
60$907,885$560,184$478,288$810,215
61$930,017$517,161$423,839$802,122
62$952,187$469,811$365,346$791,990
63$974,329$417,850$302,604$779,649
64$996,368$360,982$235,398$764,915
65$1,018,218$298,891$163,505$747,593
66$1,039,784$231,244$86,690$727,471
67$1,060,957$157,690$4,709$704,323
68$1,081,616$77,858$0$677,905
69$1,101,624$0$0$653,254
70$1,120,828$0$0$629,260
71$1,139,057$0$0$638,919
72$1,156,117$0$0$647,845
73$1,171,796$0$0$655,911
74$1,185,853$0$0$662,972
75$1,198,021$0$0$668,868
76$1,208,004$0$0$673,421
77$1,215,470$0$0$676,432
78$1,220,052$0$0$677,682
79$1,221,340$0$0$676,926
80$1,218,879$0$0$673,891
81$1,212,167$0$0$668,276
82$1,200,642$0$0$659,746
83$1,183,683$0$0$647,931
84$1,160,603$0$0$632,418
85$1,130,639$0$0$612,752
86$1,092,945$0$0$588,430
87$1,046,587$0$0$558,891
88$990,528$0$0$523,518
89$923,623$0$0$481,627
90$844,603$0$0$432,462
91$752,066$0$0$375,186
92$644,462$0$0$308,874
93$520,077$0$0$232,504
94$377,015$0$0$144,945
95$213,184$0$0$44,951
96$26,269$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0