Can I retire at age 54 with 714,000?

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 $714,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$58,961$58,436$57,924$57,424$56,935$55,357
2 years$29,189$28,645$28,118$27,608$27,112$25,534
3 years$19,266$18,720$18,194$17,688$17,201$15,672
4 years$14,305$13,761$13,241$12,744$12,268$10,800
5 years$11,330$10,789$10,275$9,788$9,326$7,923
6 years$9,347$8,810$8,304$7,828$7,379$6,043
7 years$7,931$7,399$6,901$6,436$6,001$4,732
8 years$6,870$6,342$5,852$5,399$4,979$3,775
9 years$6,044$5,522$5,041$4,598$4,193$3,054
10 years$5,385$4,867$4,395$3,964$3,572$2,496
11 years$4,845$4,333$3,869$3,450$3,072$2,058
12 years$4,396$3,889$3,434$3,026$2,662$1,708
13 years$4,016$3,515$3,068$2,671$2,322$1,424
14 years$3,691$3,195$2,756$2,371$2,035$1,193
15 years$3,409$2,918$2,489$2,115$1,792$1,003
16 years$3,163$2,678$2,256$1,894$1,584$846
17 years$2,946$2,466$2,053$1,701$1,404$715
18 years$2,754$2,279$1,874$1,533$1,249$605
19 years$2,581$2,112$1,716$1,385$1,113$513
20 years$2,427$1,962$1,575$1,255$994$436
21 years$2,287$1,828$1,448$1,139$890$371
22 years$2,160$1,706$1,335$1,035$797$316
23 years$2,044$1,596$1,233$943$716$269
24 years$1,938$1,495$1,140$860$643$229
25 years$1,841$1,403$1,056$785$579$196
26 years$1,751$1,319$979$718$521$167
27 years$1,668$1,241$909$657$470$143
28 years$1,591$1,169$845$602$424$122
29 years$1,520$1,103$787$552$383$104
30 years$1,453$1,042$733$507$346$89
31 years$1,391$985$683$466$313$76
32 years$1,333$932$637$428$283$65
33 years$1,279$883$595$393$256$56
34 years$1,227$837$556$362$232$48
35 years$1,179$793$520$333$210$41
36 years$1,134$753$486$307$190$35
37 years$1,091$715$455$283$173$30
38 years$1,051$680$426$261$156$26
39 years$1,012$646$399$240$142$22
40 years$976$615$374$222$129$19
41 years$942$585$351$205$117$16
42 years$909$557$329$189$106$14
43 years$878$531$309$174$96$12
44 years$848$506$290$161$87$10
45 years$820$483$272$149$79$9
46 years$793$461$256$137$72$7
47 years$768$440$240$127$65$6
48 years$743$420$226$117$59$5
49 years$720$401$212$108$54$5
50 years$697$383$200$100$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $714,000, adding $2,721 every year, while hoping to spend $38,978 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: 46/40/14 Blend
53$714,000$714,000$714,000$714,000
54$789,635$751,793$740,726$822,710
55$828,705$747,158$724,068$841,313
56$870,454$740,990$705,545$857,302
57$915,115$733,173$685,055$873,792
58$962,940$723,582$662,488$890,845
59$1,014,210$712,088$637,731$908,532
60$1,069,231$698,551$610,667$926,932
61$1,128,338$682,826$581,170$946,137
62$1,191,900$664,756$549,111$966,250
63$1,260,323$644,178$514,355$987,387
64$1,334,051$620,918$476,761$1,009,681
65$1,413,572$594,790$436,180$1,033,280
66$1,499,422$565,601$392,458$1,058,352
67$1,592,192$533,145$345,434$1,085,087
68$1,692,529$497,202$294,940$1,113,697
69$1,801,145$457,543$240,798$1,144,422
70$1,918,824$413,924$182,827$1,177,529
71$2,046,425$366,088$120,833$1,213,318
72$2,184,896$313,762$54,616$1,252,128
73$2,335,278$256,659$0$1,294,335
74$2,498,716$194,474$0$1,342,757
75$2,676,469$126,888$0$1,404,331
76$2,869,924$53,561$0$1,471,451
77$3,080,606$0$0$1,544,738
78$3,310,192$0$0$1,636,271
79$3,560,531$0$0$1,761,858
80$3,833,654$0$0$1,898,953
81$4,131,799$0$0$2,048,690
82$4,457,429$0$0$2,212,316
83$4,813,255$0$0$2,391,203
84$5,202,262$0$0$2,586,864
85$5,627,736$0$0$2,800,962
86$6,093,297$0$0$3,035,330
87$6,602,928$0$0$3,291,988
88$7,161,016$0$0$3,573,156
89$7,772,395$0$0$3,881,284
90$8,442,384$0$0$4,219,066
91$9,176,844$0$0$4,589,471
92$9,982,229$0$0$4,995,769
93$10,865,648$0$0$5,441,562
94$11,834,930$0$0$5,930,818
95$12,898,700$0$0$6,467,905
96$14,066,458$0$0$7,057,638
97$15,348,668$0$0$7,705,318
98$16,756,857$0$0$8,416,788
99$18,303,725$0$0$9,198,481
100$20,003,259$0$0$10,057,488