Can I retire at age 54 with 715,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $715,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$59,044$58,518$58,005$57,504$57,015$54,883
2 years$29,230$28,685$28,158$27,646$27,150$25,026
3 years$19,293$18,746$18,220$17,713$17,225$15,177
4 years$14,325$13,780$13,259$12,761$12,285$10,328
5 years$11,346$10,804$10,290$9,802$9,339$7,477
6 years$9,360$8,822$8,316$7,839$7,390$5,625
7 years$7,942$7,409$6,910$6,445$6,010$4,342
8 years$6,879$6,351$5,861$5,406$4,986$3,413
9 years$6,053$5,530$5,048$4,605$4,199$2,719
10 years$5,392$4,874$4,401$3,969$3,577$2,189
11 years$4,852$4,339$3,874$3,455$3,077$1,775
12 years$4,402$3,895$3,438$3,030$2,666$1,449
13 years$4,022$3,519$3,072$2,675$2,325$1,188
14 years$3,696$3,199$2,760$2,375$2,038$978
15 years$3,414$2,922$2,492$2,118$1,794$808
16 years$3,168$2,681$2,259$1,896$1,586$669
17 years$2,950$2,469$2,056$1,704$1,406$555
18 years$2,757$2,282$1,877$1,535$1,250$461
19 years$2,585$2,115$1,718$1,387$1,114$384
20 years$2,430$1,965$1,577$1,257$995$320
21 years$2,290$1,830$1,450$1,140$891$267
22 years$2,163$1,709$1,337$1,037$799$223
23 years$2,047$1,598$1,234$944$717$186
24 years$1,941$1,497$1,141$861$644$156
25 years$1,843$1,405$1,057$787$580$130
26 years$1,754$1,321$981$719$522$109
27 years$1,671$1,243$911$658$471$91
28 years$1,594$1,171$846$603$425$76
29 years$1,522$1,105$788$553$384$64
30 years$1,455$1,043$734$508$347$53
31 years$1,393$986$684$466$313$45
32 years$1,335$933$638$428$283$38
33 years$1,280$884$596$394$257$31
34 years$1,229$838$557$363$232$26
35 years$1,181$795$521$334$210$22
36 years$1,136$754$487$307$191$18
37 years$1,093$716$456$283$173$15
38 years$1,052$681$427$261$157$13
39 years$1,014$647$400$241$142$11
40 years$978$616$375$222$129$9
41 years$943$586$351$205$117$8
42 years$910$558$330$189$106$6
43 years$879$532$309$174$96$5
44 years$850$507$290$161$87$4
45 years$821$484$273$149$79$4
46 years$794$461$256$137$72$3
47 years$769$440$241$127$65$3
48 years$744$420$226$117$59$2
49 years$721$401$213$108$54$2
50 years$698$383$200$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $715,000, adding $3,349 every year, while hoping to spend $56,617 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: 68/7/25 Blend
53$715,000$715,000$715,000$715,000
54$791,384$753,489$742,407$839,900
55$811,866$730,170$707,038$849,566
56$832,538$703,811$668,586$853,341
57$853,362$674,203$626,888$856,157
58$874,291$641,125$581,775$857,919
59$895,273$604,344$533,068$858,525
60$916,246$563,612$480,581$857,864
61$937,142$518,668$424,120$855,814
62$957,884$469,237$363,482$852,246
63$978,385$415,025$298,455$847,017
64$998,544$355,726$228,817$839,974
65$1,018,251$291,012$154,338$830,950
66$1,037,381$220,540$74,777$819,764
67$1,055,793$143,945$0$806,218
68$1,073,330$60,844$0$792,802
69$1,089,815$0$0$798,043
70$1,105,053$0$0$804,041
71$1,118,824$0$0$813,602
72$1,130,882$0$0$821,857
73$1,140,956$0$0$828,600
74$1,148,741$0$0$833,603
75$1,153,899$0$0$836,611
76$1,156,055$0$0$837,342
77$1,154,791$0$0$835,483
78$1,149,644$0$0$830,685
79$1,140,100$0$0$822,562
80$1,125,587$0$0$810,686
81$1,105,474$0$0$794,581
82$1,079,060$0$0$773,722
83$1,045,567$0$0$747,525
84$1,004,136$0$0$715,345
85$953,815$0$0$676,467
86$893,549$0$0$630,100
87$822,173$0$0$575,370
88$738,398$0$0$511,309
89$640,797$0$0$436,848
90$527,794$0$0$350,802
91$397,646$0$0$251,866
92$248,427$0$0$138,595
93$78,010$0$0$9,393
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0