Can I retire at age 54 with 719,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $719,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$59,374$58,845$58,329$57,826$57,334$56,454
2 years$29,393$28,846$28,315$27,801$27,302$26,417
3 years$19,401$18,851$18,322$17,812$17,321$16,460
4 years$14,406$13,858$13,334$12,833$12,354$11,522
5 years$11,409$10,864$10,347$9,857$9,391$8,592
6 years$9,412$8,872$8,362$7,883$7,431$6,664
7 years$7,987$7,450$6,949$6,481$6,043$5,310
8 years$6,918$6,386$5,893$5,436$5,014$4,313
9 years$6,087$5,560$5,076$4,631$4,222$3,555
10 years$5,422$4,901$4,425$3,992$3,597$2,962
11 years$4,879$4,363$3,896$3,474$3,094$2,490
12 years$4,427$3,916$3,458$3,047$2,681$2,109
13 years$4,044$3,539$3,089$2,690$2,338$1,796
14 years$3,717$3,217$2,776$2,388$2,049$1,536
15 years$3,433$2,939$2,506$2,130$1,805$1,320
16 years$3,185$2,696$2,272$1,907$1,595$1,137
17 years$2,967$2,483$2,067$1,713$1,414$983
18 years$2,773$2,295$1,887$1,544$1,257$851
19 years$2,600$2,127$1,728$1,395$1,121$739
20 years$2,444$1,976$1,586$1,264$1,001$642
21 years$2,303$1,841$1,459$1,147$896$559
22 years$2,175$1,718$1,344$1,043$803$488
23 years$2,058$1,607$1,241$950$721$426
24 years$1,952$1,506$1,148$866$648$372
25 years$1,854$1,413$1,063$791$583$325
26 years$1,763$1,328$986$723$525$285
27 years$1,680$1,250$916$662$473$249
28 years$1,602$1,178$851$607$427$218
29 years$1,531$1,111$792$556$386$191
30 years$1,464$1,049$738$510$349$168
31 years$1,401$992$688$469$315$147
32 years$1,342$939$642$431$285$129
33 years$1,288$889$599$396$258$113
34 years$1,236$842$560$365$234$100
35 years$1,188$799$523$336$212$87
36 years$1,142$758$490$309$192$77
37 years$1,099$720$458$285$174$67
38 years$1,058$684$429$262$157$59
39 years$1,020$651$402$242$143$52
40 years$983$619$377$223$130$46
41 years$948$589$353$206$118$40
42 years$915$561$332$190$107$35
43 years$884$535$311$175$97$31
44 years$854$510$292$162$88$27
45 years$826$486$274$150$80$24
46 years$799$464$258$138$72$21
47 years$773$443$242$128$66$19
48 years$748$423$227$118$60$16
49 years$725$404$214$109$54$14
50 years$702$385$201$101$49$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $719,000, adding $6,243 every year, while hoping to spend $31,814 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: 47/45/8 Blend
53$719,000$719,000$719,000$719,000
54$798,778$760,671$749,526$834,296
55$846,403$764,094$740,785$862,784
56$897,820$766,618$730,686$889,849
57$953,382$768,166$719,148$918,484
58$1,013,476$768,656$706,089$948,843
59$1,078,530$768,000$691,422$981,100
60$1,149,012$766,104$675,057$1,015,445
61$1,225,439$762,870$656,898$1,052,092
62$1,308,376$758,193$636,847$1,091,276
63$1,398,448$751,963$614,799$1,133,260
64$1,496,341$744,060$590,646$1,178,335
65$1,602,810$734,361$564,275$1,226,823
66$1,718,685$722,732$535,566$1,279,082
67$1,844,878$709,034$504,395$1,335,508
68$1,982,397$693,118$470,633$1,396,542
69$2,132,347$674,826$434,145$1,462,672
70$2,295,945$653,991$394,788$1,534,437
71$2,474,533$630,438$352,415$1,612,436
72$2,669,585$603,980$306,870$1,697,333
73$2,882,726$574,418$257,994$1,789,863
74$3,115,744$541,545$205,617$1,890,840
75$3,370,608$505,138$149,563$2,001,163
76$3,649,486$464,965$89,648$2,121,832
77$3,954,763$420,779$25,682$2,253,949
78$4,289,069$372,317$0$2,398,736
79$4,655,299$319,305$0$2,561,180
80$5,056,640$261,451$0$2,741,718
81$5,496,602$198,447$0$2,939,828
82$5,979,051$129,968$0$3,157,358
83$6,508,248$55,669$0$3,396,353
84$7,088,881$0$0$3,659,070
85$7,726,118$0$0$3,960,291
86$8,425,650$0$0$4,321,303
87$9,193,745$0$0$4,717,786
88$10,037,309$0$0$5,153,315
89$10,963,949$0$0$5,631,828
90$11,982,046$0$0$6,157,666
91$13,100,831$0$0$6,735,608
92$14,330,477$0$0$7,370,920
93$15,682,187$0$0$8,069,406
94$17,168,306$0$0$8,837,456
95$18,802,435$0$0$9,682,114
96$20,599,559$0$0$10,611,139
97$22,576,187$0$0$11,633,081
98$24,750,508$0$0$12,757,358
99$27,142,564$0$0$13,994,349
100$29,774,436$0$0$15,355,488