Can I retire at age 54 with 716,000?

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 $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%16.1%
1 years$59,127$58,600$58,086$57,585$57,095$55,669
2 years$29,271$28,725$28,197$27,685$27,188$25,761
3 years$19,320$18,772$18,245$17,738$17,249$15,865
4 years$14,346$13,800$13,278$12,779$12,302$10,972
5 years$11,362$10,819$10,304$9,816$9,352$8,079
6 years$9,373$8,835$8,327$7,850$7,400$6,185
7 years$7,953$7,419$6,920$6,454$6,018$4,862
8 years$6,889$6,360$5,869$5,414$4,993$3,895
9 years$6,061$5,537$5,055$4,611$4,204$3,164
10 years$5,400$4,881$4,407$3,975$3,582$2,598
11 years$4,859$4,345$3,880$3,459$3,081$2,151
12 years$4,408$3,900$3,443$3,034$2,670$1,793
13 years$4,028$3,524$3,076$2,679$2,328$1,503
14 years$3,701$3,204$2,764$2,378$2,041$1,265
15 years$3,419$2,927$2,496$2,121$1,797$1,069
16 years$3,172$2,685$2,263$1,899$1,588$906
17 years$2,955$2,473$2,059$1,706$1,408$769
18 years$2,761$2,285$1,879$1,538$1,252$655
19 years$2,589$2,118$1,721$1,389$1,116$558
20 years$2,433$1,968$1,579$1,258$997$477
21 years$2,293$1,833$1,452$1,142$892$408
22 years$2,166$1,711$1,339$1,038$800$349
23 years$2,050$1,600$1,236$946$718$299
24 years$1,944$1,499$1,143$862$645$256
25 years$1,846$1,407$1,059$788$581$220
26 years$1,756$1,322$982$720$523$189
27 years$1,673$1,245$912$659$471$162
28 years$1,596$1,173$848$604$425$139
29 years$1,524$1,106$789$554$384$120
30 years$1,457$1,045$735$508$347$103
31 years$1,395$988$685$467$314$88
32 years$1,337$935$639$429$284$76
33 years$1,282$885$597$395$257$65
34 years$1,231$839$558$363$233$56
35 years$1,183$796$521$334$211$48
36 years$1,137$755$488$308$191$42
37 years$1,094$717$456$284$173$36
38 years$1,054$682$427$261$157$31
39 years$1,015$648$400$241$142$27
40 years$979$617$375$222$129$23
41 years$944$587$352$205$117$20
42 years$912$559$330$189$106$17
43 years$880$533$310$175$96$15
44 years$851$508$291$161$87$13
45 years$822$484$273$149$79$11
46 years$795$462$256$138$72$9
47 years$770$441$241$127$65$8
48 years$745$421$226$117$59$7
49 years$722$402$213$109$54$6
50 years$699$384$200$100$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $716,000, adding $5,943 every year, while hoping to spend $55,395 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: 73/17/10 Blend
53$716,000$716,000$716,000$716,000
54$795,162$757,214$746,116$851,293
55$817,329$735,378$712,171$867,328
56$839,900$710,615$675,233$877,412
57$862,858$682,723$635,141$886,929
58$886,183$651,490$591,732$895,806
59$909,849$616,688$544,830$903,967
60$933,827$578,080$494,255$911,325
61$958,083$535,411$439,818$917,790
62$982,577$488,416$381,322$923,260
63$1,007,262$436,810$318,558$927,628
64$1,032,086$380,297$251,313$930,775
65$1,056,987$318,560$179,361$932,573
66$1,081,897$251,267$102,466$932,882
67$1,106,736$178,064$20,384$931,552
68$1,131,414$98,581$0$928,417
69$1,155,832$12,425$0$930,470
70$1,179,874$0$0$933,134
71$1,203,412$0$0$949,167
72$1,226,301$0$0$966,984
73$1,248,379$0$0$984,130
74$1,269,465$0$0$1,000,458
75$1,289,355$0$0$1,015,804
76$1,307,821$0$0$1,029,984
77$1,324,610$0$0$1,042,794
78$1,339,438$0$0$1,054,004
79$1,351,989$0$0$1,063,361
80$1,361,913$0$0$1,070,580
81$1,368,818$0$0$1,075,346
82$1,372,268$0$0$1,077,308
83$1,371,781$0$0$1,076,078
84$1,366,820$0$0$1,071,221
85$1,356,789$0$0$1,062,260
86$1,341,027$0$0$1,048,659
87$1,318,802$0$0$1,029,831
88$1,289,301$0$0$1,005,119
89$1,251,624$0$0$973,799
90$1,204,775$0$0$935,069
91$1,147,650$0$0$888,039
92$1,079,028$0$0$831,727
93$997,557$0$0$765,043
94$901,744$0$0$686,785
95$789,934$0$0$595,621
96$660,300$0$0$490,081
97$510,822$0$0$368,537
98$339,267$0$0$229,192
99$143,168$0$0$70,061
100$0$0$0$0