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%18.7%
1 years$59,292$58,764$58,248$57,745$57,254$55,245
2 years$29,352$28,806$28,276$27,762$27,264$25,261
3 years$19,374$18,825$18,296$17,788$17,297$15,363
4 years$14,386$13,838$13,315$12,815$12,337$10,486
5 years$11,393$10,849$10,333$9,843$9,378$7,616
6 years$9,399$8,859$8,351$7,872$7,421$5,749
7 years$7,975$7,440$6,939$6,472$6,035$4,453
8 years$6,908$6,377$5,885$5,429$5,007$3,513
9 years$6,078$5,553$5,069$4,624$4,216$2,809
10 years$5,415$4,894$4,419$3,986$3,592$2,269
11 years$4,872$4,357$3,891$3,469$3,090$1,848
12 years$4,421$3,911$3,453$3,043$2,677$1,514
13 years$4,039$3,534$3,085$2,686$2,335$1,247
14 years$3,712$3,213$2,772$2,385$2,047$1,031
15 years$3,429$2,935$2,503$2,127$1,802$855
16 years$3,181$2,693$2,269$1,904$1,593$711
17 years$2,963$2,480$2,065$1,711$1,412$593
18 years$2,769$2,291$1,885$1,542$1,256$495
19 years$2,596$2,124$1,725$1,393$1,119$414
20 years$2,440$1,973$1,583$1,262$1,000$346
21 years$2,300$1,838$1,456$1,145$895$290
22 years$2,172$1,716$1,342$1,041$802$243
23 years$2,056$1,605$1,239$948$720$204
24 years$1,949$1,504$1,146$865$647$172
25 years$1,851$1,411$1,062$790$582$144
26 years$1,761$1,326$985$722$524$121
27 years$1,678$1,248$914$661$473$102
28 years$1,600$1,176$850$606$427$86
29 years$1,528$1,109$791$555$385$72
30 years$1,462$1,048$737$510$348$61
31 years$1,399$990$687$468$315$51
32 years$1,341$937$641$430$285$43
33 years$1,286$888$598$396$258$36
34 years$1,234$841$559$364$233$30
35 years$1,186$798$523$335$211$26
36 years$1,140$757$489$309$191$22
37 years$1,097$719$458$284$173$18
38 years$1,057$684$429$262$157$15
39 years$1,018$650$402$242$143$13
40 years$982$618$376$223$129$11
41 years$947$589$353$206$117$9
42 years$914$561$331$190$106$8
43 years$883$534$311$175$97$7
44 years$853$509$292$162$88$5
45 years$825$486$274$149$80$5
46 years$798$463$257$138$72$4
47 years$772$442$242$128$66$3
48 years$747$422$227$118$60$3
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 $2,736 every year, while hoping to spend $48,178 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: 75/13/12 Blend
53$718,000$718,000$718,000$718,000
54$794,058$756,004$744,875$851,520
55$823,791$741,787$718,567$875,592
56$854,942$725,259$689,764$895,652
57$887,605$706,256$658,330$916,303
58$921,881$684,603$624,124$937,586
59$957,881$660,117$587,001$959,551
60$995,726$632,603$546,806$982,251
61$1,035,545$601,855$503,379$1,005,747
62$1,077,480$567,656$456,552$1,030,104
63$1,121,687$529,775$406,150$1,055,399
64$1,168,333$487,968$351,990$1,081,714
65$1,217,603$441,978$293,881$1,109,142
66$1,269,696$391,533$231,624$1,137,788
67$1,324,832$336,345$165,010$1,167,767
68$1,383,248$276,109$93,822$1,199,209
69$1,445,207$210,506$17,832$1,232,257
70$1,510,992$139,195$0$1,267,072
71$1,580,917$61,819$0$1,311,932
72$1,655,321$0$0$1,361,898
73$1,734,580$0$0$1,418,087
74$1,819,100$0$0$1,487,454
75$1,909,331$0$0$1,561,525
76$2,005,763$0$0$1,640,705
77$2,108,934$0$0$1,725,438
78$2,219,434$0$0$1,816,212
79$2,337,909$0$0$1,913,560
80$2,465,070$0$0$2,018,069
81$2,601,695$0$0$2,130,381
82$2,748,639$0$0$2,251,203
83$2,906,841$0$0$2,381,310
84$3,077,332$0$0$2,521,553
85$3,261,244$0$0$2,672,867
86$3,459,820$0$0$2,836,280
87$3,674,428$0$0$3,012,921
88$3,906,570$0$0$3,204,030
89$4,157,896$0$0$3,410,972
90$4,430,223$0$0$3,635,246
91$4,725,546$0$0$3,878,501
92$5,046,061$0$0$4,142,551
93$5,394,181$0$0$4,429,389
94$5,772,562$0$0$4,741,211
95$6,184,125$0$0$5,080,429
96$6,632,085$0$0$5,449,699
97$7,119,978$0$0$5,851,943
98$7,651,696$0$0$6,290,378
99$8,231,522$0$0$6,768,540
100$8,864,169$0$0$7,290,327