Can I retire at age 54 with 719,000?

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 $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%16.5%
1 years$59,374$58,845$58,329$57,826$57,334$55,812
2 years$29,393$28,846$28,315$27,801$27,302$25,779
3 years$19,401$18,851$18,322$17,812$17,321$15,846
4 years$14,406$13,858$13,334$12,833$12,354$10,936
5 years$11,409$10,864$10,347$9,857$9,391$8,036
6 years$9,412$8,872$8,362$7,883$7,431$6,139
7 years$7,987$7,450$6,949$6,481$6,043$4,815
8 years$6,918$6,386$5,893$5,436$5,014$3,848
9 years$6,087$5,560$5,076$4,631$4,222$3,118
10 years$5,422$4,901$4,425$3,992$3,597$2,554
11 years$4,879$4,363$3,896$3,474$3,094$2,110
12 years$4,427$3,916$3,458$3,047$2,681$1,754
13 years$4,044$3,539$3,089$2,690$2,338$1,466
14 years$3,717$3,217$2,776$2,388$2,049$1,231
15 years$3,433$2,939$2,506$2,130$1,805$1,037
16 years$3,185$2,696$2,272$1,907$1,595$876
17 years$2,967$2,483$2,067$1,713$1,414$742
18 years$2,773$2,295$1,887$1,544$1,257$630
19 years$2,600$2,127$1,728$1,395$1,121$535
20 years$2,444$1,976$1,586$1,264$1,001$456
21 years$2,303$1,841$1,459$1,147$896$388
22 years$2,175$1,718$1,344$1,043$803$331
23 years$2,058$1,607$1,241$950$721$283
24 years$1,952$1,506$1,148$866$648$242
25 years$1,854$1,413$1,063$791$583$207
26 years$1,763$1,328$986$723$525$177
27 years$1,680$1,250$916$662$473$152
28 years$1,602$1,178$851$607$427$130
29 years$1,531$1,111$792$556$386$111
30 years$1,464$1,049$738$510$349$95
31 years$1,401$992$688$469$315$82
32 years$1,342$939$642$431$285$70
33 years$1,288$889$599$396$258$60
34 years$1,236$842$560$365$234$51
35 years$1,188$799$523$336$212$44
36 years$1,142$758$490$309$192$38
37 years$1,099$720$458$285$174$32
38 years$1,058$684$429$262$157$28
39 years$1,020$651$402$242$143$24
40 years$983$619$377$223$130$21
41 years$948$589$353$206$118$18
42 years$915$561$332$190$107$15
43 years$884$535$311$175$97$13
44 years$854$510$292$162$88$11
45 years$826$486$274$150$80$10
46 years$799$464$258$138$72$8
47 years$773$443$242$128$66$7
48 years$748$423$227$118$60$6
49 years$725$404$214$109$54$5
50 years$702$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 $719,000, adding $5,268 every year, while hoping to spend $39,822 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: 57/26/17 Blend
53$719,000$719,000$719,000$719,000
54$797,772$759,665$748,520$839,399
55$836,774$754,518$731,226$863,116
56$878,420$747,785$712,017$884,166
57$922,938$739,344$690,788$906,203
58$970,576$729,071$667,427$929,328
59$1,021,608$716,828$641,819$953,658
60$1,076,334$702,476$613,843$979,320
61$1,135,084$685,861$583,371$1,006,457
62$1,198,219$666,824$550,270$1,035,230
63$1,266,136$645,197$514,402$1,065,817
64$1,339,269$620,799$475,622$1,098,419
65$1,418,097$593,441$433,778$1,133,256
66$1,503,147$562,923$388,713$1,170,577
67$1,594,993$529,032$340,261$1,210,657
68$1,694,272$491,544$288,249$1,253,804
69$1,801,680$450,222$232,498$1,300,358
70$1,917,983$404,814$172,818$1,350,701
71$2,044,024$355,057$109,014$1,405,253
72$2,180,728$300,669$40,880$1,464,486
73$2,329,116$241,354$0$1,528,921
74$2,490,306$176,801$0$1,604,911
75$2,665,531$106,679$0$1,695,613
76$2,856,148$30,639$0$1,794,362
77$3,063,648$0$0$1,901,994
78$3,289,673$0$0$2,034,221
79$3,536,028$0$0$2,187,954
80$3,804,702$0$0$2,355,674
81$4,097,883$0$0$2,538,755
82$4,417,978$0$0$2,738,708
83$4,767,640$0$0$2,957,198
84$5,149,787$0$0$3,196,057
85$5,567,632$0$0$3,457,303
86$6,024,714$0$0$3,743,155
87$6,524,926$0$0$4,056,061
88$7,072,560$0$0$4,398,712
89$7,672,338$0$0$4,774,076
90$8,329,463$0$0$5,185,417
91$9,049,662$0$0$5,636,334
92$9,839,245$0$0$6,130,787
93$10,705,162$0$0$6,673,140
94$11,655,064$0$0$7,268,199
95$12,697,383$0$0$7,921,258
96$13,841,404$0$0$8,638,147
97$15,097,355$0$0$9,425,290
98$16,476,502$0$0$10,289,762
99$17,991,258$0$0$11,239,357
100$19,655,296$0$0$12,282,663