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%
1 years$59,622$59,091$58,573$58,067$57,573$57,331
2 years$29,516$28,966$28,433$27,917$27,416$27,171
3 years$19,482$18,930$18,398$17,887$17,394$17,154
4 years$14,466$13,915$13,389$12,886$12,405$12,173
5 years$11,457$10,910$10,391$9,898$9,430$9,206
6 years$9,452$8,909$8,397$7,915$7,462$7,245
7 years$8,020$7,481$6,978$6,508$6,069$5,860
8 years$6,947$6,413$5,918$5,459$5,034$4,834
9 years$6,112$5,584$5,097$4,650$4,240$4,048
10 years$5,445$4,922$4,444$4,008$3,612$3,428
11 years$4,900$4,382$3,912$3,488$3,107$2,931
12 years$4,445$3,933$3,472$3,060$2,692$2,524
13 years$4,061$3,554$3,102$2,701$2,348$2,187
14 years$3,732$3,230$2,787$2,398$2,058$1,905
15 years$3,448$2,951$2,516$2,139$1,812$1,666
16 years$3,199$2,708$2,282$1,915$1,601$1,463
17 years$2,979$2,494$2,076$1,720$1,420$1,288
18 years$2,784$2,304$1,895$1,551$1,263$1,138
19 years$2,610$2,135$1,735$1,401$1,125$1,007
20 years$2,454$1,984$1,592$1,269$1,005$893
21 years$2,312$1,848$1,465$1,152$900$793
22 years$2,184$1,725$1,350$1,047$806$706
23 years$2,067$1,614$1,246$954$724$629
24 years$1,960$1,512$1,153$870$651$561
25 years$1,861$1,419$1,068$794$585$501
26 years$1,771$1,334$990$726$527$448
27 years$1,687$1,255$919$665$475$401
28 years$1,609$1,183$855$609$429$359
29 years$1,537$1,116$795$559$387$321
30 years$1,470$1,054$741$513$350$288
31 years$1,407$996$691$471$316$258
32 years$1,348$942$644$433$286$232
33 years$1,293$892$602$398$259$208
34 years$1,241$846$562$366$235$187
35 years$1,193$802$526$337$212$168
36 years$1,147$761$492$310$192$151
37 years$1,103$723$460$286$174$136
38 years$1,062$687$431$264$158$122
39 years$1,024$654$404$243$143$110
40 years$987$622$378$224$130$99
41 years$952$592$355$207$118$89
42 years$919$564$333$191$107$80
43 years$888$537$312$176$97$72
44 years$858$512$293$163$88$65
45 years$829$488$275$150$80$58
46 years$802$466$259$139$73$52
47 years$776$444$243$128$66$47
48 years$751$424$228$118$60$42
49 years$728$405$215$109$54$38
50 years$705$387$202$101$49$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $722,000, adding $3,740 every year, while hoping to spend $30,077 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: 57/20/23 Blend
53$722,000$722,000$722,000$722,000
54$799,502$761,236$750,045$839,904
55$849,049$766,535$743,170$873,217
56$902,643$771,085$735,056$905,983
57$960,663$774,819$725,631$941,049
58$1,023,528$777,663$714,817$978,645
59$1,091,699$779,540$702,535$1,019,024
60$1,165,683$780,368$688,701$1,062,468
61$1,246,036$780,059$673,225$1,109,286
62$1,333,371$778,521$656,017$1,159,823
63$1,428,361$775,655$636,980$1,214,459
64$1,531,748$771,356$616,014$1,273,613
65$1,644,349$765,515$593,012$1,337,749
66$1,767,060$758,012$567,865$1,407,381
67$1,900,869$748,724$540,458$1,483,076
68$2,046,865$737,519$510,671$1,565,461
69$2,206,243$724,255$478,376$1,655,228
70$2,380,322$708,786$443,444$1,753,142
71$2,570,552$690,953$405,736$1,860,050
72$2,778,529$670,591$365,110$1,976,885
73$3,006,012$647,524$321,414$2,104,679
74$3,254,937$621,564$274,493$2,244,573
75$3,527,435$592,515$224,183$2,397,824
76$3,825,854$560,168$170,313$2,565,822
77$4,152,777$524,303$112,705$2,750,104
78$4,511,053$484,686$51,173$2,952,364
79$4,903,815$441,071$0$3,174,473
80$5,334,517$393,196$0$3,422,055
81$5,806,962$340,787$0$3,707,466
82$6,325,339$283,552$0$4,020,706
83$6,894,261$221,183$0$4,364,606
84$7,518,810$153,356$0$4,742,291
85$8,204,586$79,728$0$5,157,206
86$8,957,755$0$0$5,613,147
87$9,785,111$0$0$6,114,315
88$10,694,137$0$0$6,684,300
89$11,693,079$0$0$7,310,732
90$12,791,020$0$0$7,999,316
91$13,997,965$0$0$8,756,337
92$15,324,941$0$0$9,588,718
93$16,784,092$0$0$10,504,089
94$18,388,800$0$0$11,510,852
95$20,153,810$0$0$12,618,269
96$22,095,366$0$0$13,836,542
97$24,231,365$0$0$15,176,911
98$26,581,527$0$0$16,651,763
99$29,167,581$0$0$18,274,745
100$32,013,467$0$0$20,060,892