Can I retire at age 54 with 718,000?

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 $718,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$59,292$58,764$58,248$57,745$57,254$55,135
2 years$29,352$28,806$28,276$27,762$27,264$25,153
3 years$19,374$18,825$18,296$17,788$17,297$15,261
4 years$14,386$13,838$13,315$12,815$12,337$10,390
5 years$11,393$10,849$10,333$9,843$9,378$7,527
6 years$9,399$8,859$8,351$7,872$7,421$5,665
7 years$7,975$7,440$6,939$6,472$6,035$4,376
8 years$6,908$6,377$5,885$5,429$5,007$3,442
9 years$6,078$5,553$5,069$4,624$4,216$2,744
10 years$5,415$4,894$4,419$3,986$3,592$2,209
11 years$4,872$4,357$3,891$3,469$3,090$1,793
12 years$4,421$3,911$3,453$3,043$2,677$1,464
13 years$4,039$3,534$3,085$2,686$2,335$1,202
14 years$3,712$3,213$2,772$2,385$2,047$990
15 years$3,429$2,935$2,503$2,127$1,802$818
16 years$3,181$2,693$2,269$1,904$1,593$678
17 years$2,963$2,480$2,065$1,711$1,412$563
18 years$2,769$2,291$1,885$1,542$1,256$468
19 years$2,596$2,124$1,725$1,393$1,119$390
20 years$2,440$1,973$1,583$1,262$1,000$325
21 years$2,300$1,838$1,456$1,145$895$272
22 years$2,172$1,716$1,342$1,041$802$227
23 years$2,056$1,605$1,239$948$720$190
24 years$1,949$1,504$1,146$865$647$159
25 years$1,851$1,411$1,062$790$582$133
26 years$1,761$1,326$985$722$524$111
27 years$1,678$1,248$914$661$473$93
28 years$1,600$1,176$850$606$427$78
29 years$1,528$1,109$791$555$385$65
30 years$1,462$1,048$737$510$348$55
31 years$1,399$990$687$468$315$46
32 years$1,341$937$641$430$285$39
33 years$1,286$888$598$396$258$32
34 years$1,234$841$559$364$233$27
35 years$1,186$798$523$335$211$23
36 years$1,140$757$489$309$191$19
37 years$1,097$719$458$284$173$16
38 years$1,057$684$429$262$157$13
39 years$1,018$650$402$242$143$11
40 years$982$618$376$223$129$9
41 years$947$589$353$206$117$8
42 years$914$561$331$190$106$7
43 years$883$534$311$175$97$6
44 years$853$509$292$162$88$5
45 years$825$486$274$149$80$4
46 years$798$463$257$138$72$3
47 years$772$442$242$128$66$3
48 years$747$422$227$118$60$2
49 years$724$403$213$109$54$2
50 years$701$385$201$101$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $718,000, adding $4,516 every year, while hoping to spend $20,429 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: 69/19/12 Blend
53$718,000$718,000$718,000$718,000
54$795,894$757,840$746,711$848,444
55$855,339$773,238$749,990$899,330
56$920,163$788,706$752,693$952,096
57$990,892$804,225$754,781$1,009,289
58$1,068,107$819,776$756,211$1,071,339
59$1,152,447$835,338$756,937$1,138,724
60$1,244,614$850,887$756,912$1,211,967
61$1,345,383$866,399$756,086$1,291,646
62$1,455,606$881,846$754,409$1,378,397
63$1,576,220$897,199$751,824$1,472,920
64$1,708,260$912,427$748,275$1,575,989
65$1,852,862$927,496$743,703$1,688,454
66$2,011,280$942,370$738,043$1,811,253
67$2,184,894$957,009$731,231$1,945,419
68$2,375,223$971,372$723,197$2,092,091
69$2,583,941$985,415$713,869$2,252,523
70$2,812,892$999,088$703,172$2,428,100
71$3,064,105$1,012,342$691,026$2,620,343
72$3,339,817$1,025,120$677,349$2,830,934
73$3,642,491$1,037,364$662,053$3,061,722
74$3,974,842$1,049,011$645,049$3,314,748
75$4,339,858$1,059,995$626,240$3,592,259
76$4,740,833$1,070,244$605,529$3,896,733
77$5,181,394$1,079,682$582,810$4,230,900
78$5,665,538$1,088,228$557,975$4,597,770
79$6,197,667$1,095,796$530,912$5,000,659
80$6,782,631$1,102,292$501,500$5,443,222
81$7,425,776$1,107,621$469,616$5,929,488
82$8,132,987$1,111,677$435,131$6,463,898
83$8,910,753$1,114,349$397,909$7,051,344
84$9,766,219$1,115,522$357,807$7,697,220
85$10,707,259$1,115,068$314,680$8,407,470
86$11,742,549$1,112,856$268,372$9,188,645
87$12,881,648$1,108,745$218,721$10,047,966
88$14,135,088$1,102,586$165,560$10,993,391
89$15,514,474$1,094,219$108,713$12,033,690
90$17,032,591$1,083,477$47,996$13,178,529
91$18,703,529$1,070,181$0$14,438,563
92$20,542,812$1,054,142$0$15,827,684
93$22,567,544$1,035,161$0$17,363,380
94$24,796,574$1,013,024$0$19,053,788
95$27,250,670$987,508$0$20,914,655
96$29,952,717$958,374$0$22,963,335
97$32,927,930$925,370$0$25,218,952
98$36,204,096$888,231$0$27,702,579
99$39,811,833$846,673$0$30,437,443
100$43,784,879$800,400$0$33,449,136