Can I retire at age 54 with 717,000?

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 $717,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$59,209$58,682$58,167$57,665$57,175$54,993
2 years$29,311$28,766$28,237$27,724$27,226$25,054
3 years$19,347$18,799$18,271$17,763$17,273$15,179
4 years$14,366$13,819$13,297$12,797$12,319$10,319
5 years$11,378$10,834$10,319$9,829$9,365$7,463
6 years$9,386$8,847$8,339$7,861$7,410$5,608
7 years$7,964$7,430$6,930$6,463$6,027$4,324
8 years$6,898$6,369$5,877$5,421$5,000$3,395
9 years$6,070$5,545$5,062$4,618$4,210$2,702
10 years$5,407$4,888$4,413$3,981$3,587$2,171
11 years$4,866$4,351$3,885$3,464$3,085$1,759
12 years$4,415$3,905$3,448$3,039$2,674$1,434
13 years$4,033$3,529$3,081$2,683$2,331$1,174
14 years$3,707$3,208$2,768$2,381$2,044$965
15 years$3,424$2,931$2,499$2,124$1,800$796
16 years$3,177$2,689$2,266$1,902$1,590$658
17 years$2,959$2,476$2,062$1,709$1,410$545
18 years$2,765$2,288$1,882$1,540$1,254$453
19 years$2,592$2,121$1,723$1,391$1,118$376
20 years$2,437$1,971$1,581$1,260$998$313
21 years$2,296$1,836$1,454$1,144$893$261
22 years$2,169$1,713$1,340$1,040$801$217
23 years$2,053$1,603$1,238$947$719$181
24 years$1,946$1,501$1,145$864$646$151
25 years$1,849$1,409$1,060$789$581$126
26 years$1,758$1,324$983$721$524$105
27 years$1,675$1,246$913$660$472$88
28 years$1,598$1,174$849$605$426$74
29 years$1,526$1,108$790$555$385$62
30 years$1,460$1,046$736$509$348$51
31 years$1,397$989$686$468$314$43
32 years$1,339$936$640$430$284$36
33 years$1,284$886$598$395$257$30
34 years$1,233$840$558$364$233$25
35 years$1,184$797$522$335$211$21
36 years$1,139$756$488$308$191$18
37 years$1,096$718$457$284$173$15
38 years$1,055$683$428$262$157$12
39 years$1,017$649$401$241$142$10
40 years$980$618$376$223$129$9
41 years$946$588$352$205$117$7
42 years$913$560$331$190$106$6
43 years$882$533$310$175$97$5
44 years$852$508$291$162$88$4
45 years$824$485$273$149$80$4
46 years$797$463$257$138$72$3
47 years$771$441$241$127$66$2
48 years$746$421$227$118$60$2
49 years$723$402$213$109$54$2
50 years$700$384$200$101$49$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $717,000, adding $3,704 every year, while hoping to spend $50,451 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: 83/12/5 Blend
53$717,000$717,000$717,000$717,000
54$793,955$755,954$744,840$859,495
55$821,259$739,316$716,113$886,193
56$849,657$720,172$684,732$908,292
57$879,207$698,346$650,556$930,968
58$909,972$673,651$613,436$954,247
59$942,020$645,891$573,217$978,158
60$975,423$614,856$529,736$1,002,733
61$1,010,258$580,325$482,824$1,028,006
62$1,046,609$542,066$432,304$1,054,016
63$1,084,567$499,832$377,990$1,080,806
64$1,124,230$453,361$319,690$1,108,421
65$1,165,703$402,377$257,201$1,136,914
66$1,209,101$346,590$190,313$1,166,342
67$1,254,547$285,690$118,807$1,196,768
68$1,302,175$219,353$42,451$1,228,262
69$1,352,131$147,235$0$1,260,901
70$1,404,572$68,974$0$1,296,853
71$1,459,669$0$0$1,336,684
72$1,517,609$0$0$1,380,335
73$1,578,594$0$0$1,435,871
74$1,642,844$0$0$1,494,386
75$1,710,600$0$0$1,556,099
76$1,782,123$0$0$1,621,250
77$1,857,698$0$0$1,690,099
78$1,937,636$0$0$1,762,929
79$2,022,277$0$0$1,840,053
80$2,111,992$0$0$1,921,808
81$2,207,186$0$0$2,008,565
82$2,308,303$0$0$2,100,729
83$2,415,828$0$0$2,198,744
84$2,530,290$0$0$2,303,095
85$2,652,272$0$0$2,414,311
86$2,782,407$0$0$2,532,975
87$2,921,395$0$0$2,659,724
88$3,069,997$0$0$2,795,255
89$3,229,051$0$0$2,940,334
90$3,399,475$0$0$3,095,799
91$3,582,275$0$0$3,262,572
92$3,778,557$0$0$3,441,663
93$3,989,532$0$0$3,634,179
94$4,216,533$0$0$3,841,338
95$4,461,019$0$0$4,064,477
96$4,724,597$0$0$4,305,062
97$5,009,029$0$0$4,564,706
98$5,316,253$0$0$4,845,180
99$5,648,397$0$0$5,148,432
100$6,007,801$0$0$5,476,599