Can I retire at age 54 with 716,000?

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 $716,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$59,127$58,600$58,086$57,585$57,095$54,938
2 years$29,271$28,725$28,197$27,685$27,188$25,040
3 years$19,320$18,772$18,245$17,738$17,249$15,178
4 years$14,346$13,800$13,278$12,779$12,302$10,323
5 years$11,362$10,819$10,304$9,816$9,352$7,470
6 years$9,373$8,835$8,327$7,850$7,400$5,617
7 years$7,953$7,419$6,920$6,454$6,018$4,333
8 years$6,889$6,360$5,869$5,414$4,993$3,404
9 years$6,061$5,537$5,055$4,611$4,204$2,710
10 years$5,400$4,881$4,407$3,975$3,582$2,180
11 years$4,859$4,345$3,880$3,459$3,081$1,767
12 years$4,408$3,900$3,443$3,034$2,670$1,441
13 years$4,028$3,524$3,076$2,679$2,328$1,181
14 years$3,701$3,204$2,764$2,378$2,041$972
15 years$3,419$2,927$2,496$2,121$1,797$802
16 years$3,172$2,685$2,263$1,899$1,588$663
17 years$2,955$2,473$2,059$1,706$1,408$550
18 years$2,761$2,285$1,879$1,538$1,252$457
19 years$2,589$2,118$1,721$1,389$1,116$380
20 years$2,433$1,968$1,579$1,258$997$316
21 years$2,293$1,833$1,452$1,142$892$264
22 years$2,166$1,711$1,339$1,038$800$220
23 years$2,050$1,600$1,236$946$718$184
24 years$1,944$1,499$1,143$862$645$153
25 years$1,846$1,407$1,059$788$581$128
26 years$1,756$1,322$982$720$523$107
27 years$1,673$1,245$912$659$471$90
28 years$1,596$1,173$848$604$425$75
29 years$1,524$1,106$789$554$384$63
30 years$1,457$1,045$735$508$347$52
31 years$1,395$988$685$467$314$44
32 years$1,337$935$639$429$284$37
33 years$1,282$885$597$395$257$31
34 years$1,231$839$558$363$233$26
35 years$1,183$796$521$334$211$22
36 years$1,137$755$488$308$191$18
37 years$1,094$717$456$284$173$15
38 years$1,054$682$427$261$157$13
39 years$1,015$648$400$241$142$11
40 years$979$617$375$222$129$9
41 years$944$587$352$205$117$7
42 years$912$559$330$189$106$6
43 years$880$533$310$175$96$5
44 years$851$508$291$161$87$4
45 years$822$484$273$149$79$4
46 years$795$462$256$138$72$3
47 years$770$441$241$127$65$3
48 years$745$421$226$117$59$2
49 years$722$402$213$109$54$2
50 years$699$384$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 $716,000, adding $6,497 every year, while hoping to spend $26,865 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: 66/7/27 Blend
53$716,000$716,000$716,000$716,000
54$795,734$757,786$746,688$842,222
55$848,314$766,333$743,118$882,912
56$905,358$774,399$738,527$923,784
57$967,291$781,931$732,855$967,874
58$1,034,583$788,874$726,034$1,015,500
59$1,107,751$795,170$717,997$1,067,015
60$1,187,363$800,754$708,671$1,122,807
61$1,274,044$805,561$697,981$1,183,305
62$1,368,482$809,518$685,848$1,248,983
63$1,471,433$812,551$672,191$1,320,363
64$1,583,732$814,579$656,922$1,398,020
65$1,706,295$815,515$639,951$1,482,591
66$1,840,131$815,270$621,183$1,574,776
67$1,986,352$813,746$600,521$1,675,349
68$2,146,182$810,841$577,860$1,785,163
69$2,320,966$806,446$553,092$1,905,161
70$2,512,189$800,446$526,105$2,036,381
71$2,721,482$792,718$496,780$2,179,968
72$2,950,645$783,133$464,993$2,337,187
73$3,201,656$771,552$430,616$2,509,431
74$3,476,698$757,830$393,514$2,698,239
75$3,778,170$741,813$353,546$2,905,306
76$4,108,718$723,337$310,565$3,132,504
77$4,471,256$702,229$264,417$3,381,895
78$4,868,990$678,304$214,941$3,655,755
79$5,305,456$651,370$161,971$3,956,593
80$5,784,546$621,221$105,330$4,287,177
81$6,310,549$587,640$44,838$4,650,559
82$6,888,187$550,396$0$5,050,104
83$7,522,663$509,247$0$5,495,205
84$8,219,711$463,936$0$5,998,427
85$8,985,644$414,191$0$6,551,412
86$9,827,419$359,726$0$7,159,197
87$10,752,701$300,238$0$7,827,336
88$11,769,932$235,405$0$8,561,943
89$12,888,415$164,890$0$9,369,761
90$14,118,398$88,334$0$10,258,216
91$15,471,174$5,362$0$11,235,494
92$16,959,183$0$0$12,310,611
93$18,596,133$0$0$13,500,011
94$20,397,125$0$0$14,809,111
95$22,378,801$0$0$16,249,600
96$24,559,494$0$0$17,834,813
97$26,959,406$0$0$19,579,442
98$29,600,798$0$0$21,499,675
99$32,508,194$0$0$23,613,351
100$35,708,621$0$0$25,940,124