Can I retire at age 54 with 707,000?

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 $707,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$58,383$57,863$57,356$56,861$56,377$54,660
2 years$28,903$28,364$27,843$27,337$26,846$25,131
3 years$19,077$18,536$18,016$17,515$17,032$15,373
4 years$14,165$13,626$13,111$12,619$12,148$10,557
5 years$11,219$10,683$10,175$9,692$9,234$7,716
6 years$9,255$8,724$8,223$7,751$7,307$5,862
7 years$7,853$7,326$6,833$6,373$5,942$4,572
8 years$6,802$6,280$5,795$5,346$4,930$3,633
9 years$5,985$5,468$4,991$4,553$4,152$2,926
10 years$5,332$4,819$4,351$3,925$3,537$2,382
11 years$4,798$4,291$3,831$3,416$3,042$1,955
12 years$4,353$3,851$3,400$2,996$2,636$1,614
13 years$3,977$3,480$3,038$2,645$2,299$1,340
14 years$3,655$3,163$2,729$2,348$2,015$1,117
15 years$3,376$2,890$2,464$2,094$1,774$935
16 years$3,132$2,651$2,234$1,875$1,568$784
17 years$2,917$2,442$2,033$1,685$1,390$659
18 years$2,727$2,256$1,856$1,518$1,236$555
19 years$2,556$2,091$1,699$1,372$1,102$469
20 years$2,403$1,943$1,559$1,243$984$396
21 years$2,264$1,810$1,434$1,128$881$335
22 years$2,139$1,690$1,322$1,025$790$284
23 years$2,024$1,580$1,220$934$709$240
24 years$1,919$1,481$1,129$852$637$204
25 years$1,823$1,389$1,045$778$573$173
26 years$1,734$1,306$970$711$516$147
27 years$1,652$1,229$900$651$466$125
28 years$1,576$1,158$837$596$420$106
29 years$1,505$1,092$779$547$379$90
30 years$1,439$1,032$725$502$343$76
31 years$1,378$975$676$461$310$65
32 years$1,320$923$631$424$280$55
33 years$1,266$874$589$390$254$47
34 years$1,215$828$551$358$230$40
35 years$1,168$786$515$330$208$34
36 years$1,123$746$481$304$188$29
37 years$1,080$708$451$280$171$25
38 years$1,040$673$422$258$155$21
39 years$1,003$640$395$238$140$18
40 years$967$609$371$219$127$15
41 years$932$580$348$203$116$13
42 years$900$552$326$187$105$11
43 years$869$526$306$173$95$9
44 years$840$501$287$159$86$8
45 years$812$478$270$147$78$7
46 years$785$456$253$136$71$6
47 years$760$435$238$126$65$5
48 years$736$415$224$116$59$4
49 years$713$397$210$107$53$4
50 years$690$379$198$99$48$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $707,000, adding $5,278 every year, while hoping to spend $20,893 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: 42/48/10 Blend
53$707,000$707,000$707,000$707,000
54$784,558$747,087$736,129$814,998
55$842,353$761,465$738,559$851,167
56$905,343$775,846$740,371$887,799
57$974,035$790,210$741,520$926,994
58$1,048,989$804,533$741,964$968,995
59$1,130,820$818,789$741,653$1,014,070
60$1,220,205$832,950$740,540$1,062,511
61$1,317,889$846,988$738,572$1,114,646
62$1,424,694$860,871$735,694$1,170,831
63$1,541,523$874,564$731,849$1,231,461
64$1,669,371$888,030$726,979$1,296,974
65$1,809,333$901,230$721,019$1,367,850
66$1,962,617$914,122$713,906$1,444,618
67$2,130,551$926,661$705,568$1,527,866
68$2,314,599$938,799$695,936$1,618,237
69$2,516,371$950,483$684,933$1,716,444
70$2,737,643$961,659$672,480$1,823,273
71$2,980,369$972,267$658,495$1,939,591
72$3,246,704$982,245$642,892$2,066,353
73$3,539,018$991,525$625,579$2,204,614
74$3,859,925$1,000,037$606,463$2,355,537
75$4,212,301$1,007,703$585,444$2,520,407
76$4,599,319$1,014,443$562,419$2,700,639
77$5,024,468$1,020,170$537,279$2,897,794
78$5,491,598$1,024,792$509,912$3,113,596
79$6,004,946$1,028,212$480,198$3,349,945
80$6,569,181$1,030,325$448,016$3,608,936
81$7,189,448$1,031,021$413,235$3,892,882
82$7,871,414$1,030,183$375,720$4,204,334
83$8,621,322$1,027,686$335,331$4,546,103
84$9,446,052$1,023,398$291,920$4,921,291
85$10,353,184$1,017,179$245,333$5,333,322
86$11,351,067$1,008,879$195,411$5,785,967
87$12,448,903$998,341$141,984$6,283,390
88$13,656,829$985,398$84,878$6,830,179
89$14,986,015$969,872$23,911$7,431,397
90$16,448,768$951,575$0$8,092,625
91$18,058,648$930,308$0$8,824,410
92$19,830,597$905,861$0$9,632,157
93$21,781,080$878,009$0$10,520,820
94$23,928,236$846,517$0$11,498,676
95$26,292,054$811,135$0$12,574,851
96$28,894,561$771,598$0$13,759,407
97$31,760,026$727,627$0$15,063,434
98$34,915,193$678,924$0$16,499,162
99$38,389,529$625,178$0$18,080,072
100$42,215,507$566,058$0$19,821,027