Can I retire at age 54 with 720,000?

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 $720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$59,457$58,927$58,411$57,906$57,414$55,822
2 years$29,434$28,886$28,355$27,840$27,340$25,748
3 years$19,428$18,877$18,347$17,837$17,346$15,804
4 years$14,426$13,877$13,352$12,851$12,371$10,891
5 years$11,425$10,880$10,362$9,870$9,404$7,990
6 years$9,425$8,884$8,374$7,894$7,441$6,094
7 years$7,998$7,461$6,959$6,490$6,052$4,771
8 years$6,927$6,395$5,902$5,444$5,020$3,806
9 years$6,095$5,568$5,083$4,637$4,228$3,079
10 years$5,430$4,908$4,431$3,997$3,602$2,517
11 years$4,886$4,369$3,901$3,479$3,098$2,075
12 years$4,433$3,922$3,462$3,051$2,685$1,722
13 years$4,050$3,544$3,093$2,694$2,341$1,436
14 years$3,722$3,221$2,779$2,391$2,052$1,203
15 years$3,438$2,943$2,509$2,133$1,807$1,011
16 years$3,190$2,700$2,275$1,910$1,597$853
17 years$2,971$2,487$2,070$1,716$1,416$721
18 years$2,777$2,298$1,890$1,546$1,259$610
19 years$2,603$2,130$1,730$1,397$1,122$518
20 years$2,447$1,979$1,588$1,265$1,002$440
21 years$2,306$1,843$1,461$1,148$897$374
22 years$2,178$1,721$1,346$1,044$804$318
23 years$2,061$1,609$1,243$951$722$271
24 years$1,954$1,508$1,149$867$649$231
25 years$1,856$1,415$1,065$792$584$197
26 years$1,766$1,330$987$724$526$168
27 years$1,682$1,252$917$663$474$144
28 years$1,605$1,179$852$607$428$123
29 years$1,533$1,113$793$557$386$105
30 years$1,466$1,051$739$511$349$90
31 years$1,403$993$689$469$316$77
32 years$1,344$940$643$431$285$66
33 years$1,289$890$600$397$258$56
34 years$1,238$844$561$365$234$48
35 years$1,189$800$524$336$212$41
36 years$1,144$759$490$309$192$35
37 years$1,100$721$459$285$174$30
38 years$1,060$685$430$263$158$26
39 years$1,021$652$403$242$143$22
40 years$984$620$377$224$130$19
41 years$950$590$354$206$118$16
42 years$917$562$332$190$107$14
43 years$885$536$312$176$97$12
44 years$855$511$292$162$88$10
45 years$827$487$275$150$80$9
46 years$800$464$258$138$73$7
47 years$774$443$242$128$66$6
48 years$749$423$228$118$60$5
49 years$726$404$214$109$54$5
50 years$703$386$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 $720,000, adding $3,767 every year, while hoping to spend $36,660 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: 53/34/13 Blend
53$720,000$720,000$720,000$720,000
54$797,326$759,166$748,006$836,657
55$839,647$757,359$734,058$862,076
56$885,056$754,235$718,414$885,474
57$933,830$749,690$700,979$910,093
58$986,271$743,616$681,652$936,057
59$1,042,713$735,895$660,330$963,505
60$1,103,521$726,405$636,902$992,593
61$1,169,097$715,015$611,255$1,023,492
62$1,239,881$701,587$583,268$1,056,396
63$1,316,358$685,975$552,818$1,091,519
64$1,399,062$668,023$519,772$1,129,099
65$1,488,577$647,567$483,995$1,169,400
66$1,585,548$624,433$445,345$1,212,718
67$1,690,681$598,437$403,671$1,259,381
68$1,804,754$569,385$358,818$1,309,753
69$1,928,625$537,071$310,624$1,364,239
70$2,063,234$501,276$258,919$1,423,287
71$2,209,616$461,771$203,525$1,487,398
72$2,368,911$418,312$144,257$1,557,124
73$2,542,372$370,642$80,923$1,633,081
74$2,731,380$318,489$13,319$1,715,950
75$2,937,451$261,565$0$1,806,487
76$3,162,256$199,567$0$1,913,690
77$3,407,635$132,175$0$2,032,830
78$3,675,612$59,050$0$2,163,120
79$3,968,416$0$0$2,305,733
80$4,288,498$0$0$2,469,512
81$4,638,561$0$0$2,672,860
82$5,021,579$0$0$2,895,421
83$5,440,826$0$0$3,139,105
84$5,899,908$0$0$3,406,019
85$6,402,796$0$0$3,698,479
86$6,953,863$0$0$4,019,040
87$7,557,925$0$0$4,370,512
88$8,220,287$0$0$4,755,992
89$8,946,790$0$0$5,178,891
90$9,743,870$0$0$5,642,967
91$10,618,615$0$0$6,152,357
92$11,578,830$0$0$6,711,620
93$12,633,117$0$0$7,325,776
94$13,790,948$0$0$8,000,358
95$15,062,759$0$0$8,741,459
96$16,460,047$0$0$9,555,792
97$17,995,476$0$0$10,450,752
98$19,682,999$0$0$11,434,487
99$21,537,987$0$0$12,515,972
100$23,577,374$0$0$13,705,096