Can I retire at age 54 with 722,000?

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 $722,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$59,622$59,091$58,573$58,067$57,573$57,258
2 years$29,516$28,966$28,433$27,917$27,416$27,098
3 years$19,482$18,930$18,398$17,887$17,394$17,083
4 years$14,466$13,915$13,389$12,886$12,405$12,104
5 years$11,457$10,910$10,391$9,898$9,430$9,139
6 years$9,452$8,909$8,397$7,915$7,462$7,182
7 years$8,020$7,481$6,978$6,508$6,069$5,799
8 years$6,947$6,413$5,918$5,459$5,034$4,776
9 years$6,112$5,584$5,097$4,650$4,240$3,992
10 years$5,445$4,922$4,444$4,008$3,612$3,375
11 years$4,900$4,382$3,912$3,488$3,107$2,880
12 years$4,445$3,933$3,472$3,060$2,692$2,476
13 years$4,061$3,554$3,102$2,701$2,348$2,141
14 years$3,732$3,230$2,787$2,398$2,058$1,861
15 years$3,448$2,951$2,516$2,139$1,812$1,625
16 years$3,199$2,708$2,282$1,915$1,601$1,424
17 years$2,979$2,494$2,076$1,720$1,420$1,251
18 years$2,784$2,304$1,895$1,551$1,263$1,102
19 years$2,610$2,135$1,735$1,401$1,125$974
20 years$2,454$1,984$1,592$1,269$1,005$862
21 years$2,312$1,848$1,465$1,152$900$764
22 years$2,184$1,725$1,350$1,047$806$678
23 years$2,067$1,614$1,246$954$724$603
24 years$1,960$1,512$1,153$870$651$537
25 years$1,861$1,419$1,068$794$585$478
26 years$1,771$1,334$990$726$527$426
27 years$1,687$1,255$919$665$475$381
28 years$1,609$1,183$855$609$429$340
29 years$1,537$1,116$795$559$387$304
30 years$1,470$1,054$741$513$350$272
31 years$1,407$996$691$471$316$243
32 years$1,348$942$644$433$286$217
33 years$1,293$892$602$398$259$195
34 years$1,241$846$562$366$235$174
35 years$1,193$802$526$337$212$156
36 years$1,147$761$492$310$192$140
37 years$1,103$723$460$286$174$126
38 years$1,062$687$431$264$158$113
39 years$1,024$654$404$243$143$101
40 years$987$622$378$224$130$91
41 years$952$592$355$207$118$81
42 years$919$564$333$191$107$73
43 years$888$537$312$176$97$65
44 years$858$512$293$163$88$59
45 years$829$488$275$150$80$53
46 years$802$466$259$139$73$47
47 years$776$444$243$128$66$43
48 years$751$424$228$118$60$38
49 years$728$405$215$109$54$34
50 years$705$387$202$101$49$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $722,000, adding $5,049 every year, while hoping to spend $48,834 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: 47/31/22 Blend
53$722,000$722,000$722,000$722,000
54$800,852$762,586$751,395$833,256
55$830,580$747,994$724,608$841,848
56$861,703$731,050$695,286$845,907
57$894,313$711,587$663,295$849,312
58$928,508$689,430$628,490$852,027
59$964,394$664,390$590,722$854,011
60$1,002,087$636,270$549,837$855,224
61$1,041,714$604,862$505,670$855,627
62$1,083,412$569,943$458,053$855,181
63$1,127,329$531,279$406,807$853,846
64$1,173,628$488,623$351,747$851,584
65$1,222,486$441,714$292,678$848,357
66$1,274,096$390,274$229,399$844,129
67$1,328,667$334,011$161,697$838,867
68$1,386,431$272,617$89,353$832,538
69$1,447,636$205,765$12,136$825,116
70$1,512,558$133,110$0$816,573
71$1,581,496$54,289$0$823,387
72$1,654,777$0$0$833,158
73$1,732,760$0$0$853,693
74$1,815,837$0$0$895,343
75$1,904,437$0$0$939,810
76$1,999,031$0$0$987,337
77$2,100,134$0$0$1,038,189
78$2,208,312$0$0$1,092,658
79$2,324,184$0$0$1,151,062
80$2,448,429$0$0$1,213,753
81$2,581,794$0$0$1,281,114
82$2,725,096$0$0$1,353,569
83$2,879,233$0$0$1,431,580
84$3,045,192$0$0$1,515,657
85$3,224,055$0$0$1,606,358
86$3,417,013$0$0$1,704,298
87$3,625,372$0$0$1,810,151
88$3,850,567$0$0$1,924,661
89$4,094,178$0$0$2,048,641
90$4,357,939$0$0$2,182,988
91$4,643,757$0$0$2,328,689
92$4,953,730$0$0$2,486,827
93$5,290,165$0$0$2,658,594
94$5,655,596$0$0$2,845,302
95$6,052,816$0$0$3,048,393
96$6,484,893$0$0$3,269,455
97$6,955,205$0$0$3,510,234
98$7,467,467$0$0$3,772,653
99$8,025,769$0$0$4,058,826
100$8,634,612$0$0$4,371,082