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%16.6%
1 years$59,292$58,764$58,248$57,745$57,254$55,712
2 years$29,352$28,806$28,276$27,762$27,264$25,721
3 years$19,374$18,825$18,296$17,788$17,297$15,802
4 years$14,386$13,838$13,315$12,815$12,337$10,901
5 years$11,393$10,849$10,333$9,843$9,378$8,006
6 years$9,399$8,859$8,351$7,872$7,421$6,113
7 years$7,975$7,440$6,939$6,472$6,035$4,791
8 years$6,908$6,377$5,885$5,429$5,007$3,827
9 years$6,078$5,553$5,069$4,624$4,216$3,100
10 years$5,415$4,894$4,419$3,986$3,592$2,537
11 years$4,872$4,357$3,891$3,469$3,090$2,094
12 years$4,421$3,911$3,453$3,043$2,677$1,740
13 years$4,039$3,534$3,085$2,686$2,335$1,453
14 years$3,712$3,213$2,772$2,385$2,047$1,219
15 years$3,429$2,935$2,503$2,127$1,802$1,026
16 years$3,181$2,693$2,269$1,904$1,593$867
17 years$2,963$2,480$2,065$1,711$1,412$733
18 years$2,769$2,291$1,885$1,542$1,256$622
19 years$2,596$2,124$1,725$1,393$1,119$528
20 years$2,440$1,973$1,583$1,262$1,000$449
21 years$2,300$1,838$1,456$1,145$895$383
22 years$2,172$1,716$1,342$1,041$802$326
23 years$2,056$1,605$1,239$948$720$279
24 years$1,949$1,504$1,146$865$647$238
25 years$1,851$1,411$1,062$790$582$203
26 years$1,761$1,326$985$722$524$174
27 years$1,678$1,248$914$661$473$149
28 years$1,600$1,176$850$606$427$127
29 years$1,528$1,109$791$555$385$109
30 years$1,462$1,048$737$510$348$93
31 years$1,399$990$687$468$315$80
32 years$1,341$937$641$430$285$68
33 years$1,286$888$598$396$258$59
34 years$1,234$841$559$364$233$50
35 years$1,186$798$523$335$211$43
36 years$1,140$757$489$309$191$37
37 years$1,097$719$458$284$173$32
38 years$1,057$684$429$262$157$27
39 years$1,018$650$402$242$143$23
40 years$982$618$376$223$129$20
41 years$947$589$353$206$117$17
42 years$914$561$331$190$106$15
43 years$883$534$311$175$97$13
44 years$853$509$292$162$88$11
45 years$825$486$274$149$80$9
46 years$798$463$257$138$72$8
47 years$772$442$242$128$66$7
48 years$747$422$227$118$60$6
49 years$724$403$213$109$54$5
50 years$701$385$201$101$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $718,000, adding $2,779 every year, while hoping to spend $21,704 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: 78/14/8 Blend
53$718,000$718,000$718,000$718,000
54$794,103$756,049$744,920$854,947
55$852,008$770,002$746,781$909,236
56$915,093$783,912$747,978$965,668
57$983,861$797,753$748,465$1,026,918
58$1,058,871$811,498$748,194$1,093,458
59$1,140,732$825,119$747,115$1,165,806
60$1,230,121$838,583$745,177$1,244,531
61$1,327,777$851,857$742,325$1,330,262
62$1,434,518$864,906$738,501$1,423,690
63$1,551,243$877,691$733,644$1,525,579
64$1,678,942$890,169$727,693$1,636,767
65$1,818,704$902,298$720,581$1,758,180
66$1,971,730$914,029$712,239$1,890,836
67$2,139,341$925,311$702,594$2,035,859
68$2,322,994$936,091$691,570$2,194,485
69$2,524,290$946,311$679,089$2,368,078
70$2,744,996$955,908$665,066$2,558,137
71$2,987,055$964,817$649,416$2,766,320
72$3,252,610$972,968$632,046$2,994,447
73$3,544,018$980,286$612,862$3,244,529
74$3,863,880$986,691$591,764$3,518,778
75$4,215,055$992,099$568,648$3,819,634
76$4,600,698$996,419$543,406$4,149,785
77$5,024,281$999,556$515,922$4,512,193
78$5,489,631$1,001,407$486,078$4,910,122
79$6,000,962$1,001,864$453,750$5,347,168
80$6,562,917$1,000,813$418,808$5,827,295
81$7,180,612$998,130$381,115$6,354,872
82$7,859,683$993,687$340,531$6,934,711
83$8,606,339$987,345$296,907$7,572,118
84$9,427,419$978,960$250,088$8,272,938
85$10,330,462$968,375$199,912$9,043,614
86$11,323,771$955,427$146,210$9,891,245
87$12,416,495$939,942$88,808$10,823,656
88$13,618,714$921,736$27,519$11,849,469
89$14,941,536$900,613$0$12,978,188
90$16,397,197$876,368$0$14,223,517
91$17,999,181$848,780$0$15,596,481
92$19,762,347$817,619$0$17,107,465
93$21,703,063$782,640$0$18,770,505
94$23,839,369$743,583$0$20,601,067
95$26,191,140$700,173$0$22,616,196
96$28,780,276$652,122$0$24,834,673
97$31,630,910$599,121$0$27,277,197
98$34,769,632$540,848$0$29,966,576
99$38,225,743$476,958$0$32,927,946
100$42,031,531$407,091$0$36,189,007