Can I retire at age 54 with 724,000?

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 $724,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$59,787$59,255$58,735$58,228$57,733$57,035
2 years$29,598$29,046$28,512$27,994$27,492$26,790
3 years$19,536$18,982$18,449$17,936$17,442$16,757
4 years$14,506$13,954$13,426$12,922$12,440$11,777
5 years$11,489$10,940$10,419$9,925$9,456$8,819
6 years$9,478$8,933$8,420$7,937$7,483$6,870
7 years$8,042$7,502$6,997$6,526$6,085$5,499
8 years$6,966$6,431$5,934$5,474$5,048$4,487
9 years$6,129$5,599$5,111$4,663$4,251$3,716
10 years$5,460$4,935$4,456$4,019$3,622$3,111
11 years$4,913$4,394$3,923$3,498$3,115$2,629
12 years$4,458$3,944$3,482$3,068$2,700$2,237
13 years$4,073$3,564$3,111$2,709$2,354$1,915
14 years$3,743$3,239$2,795$2,405$2,064$1,647
15 years$3,457$2,959$2,523$2,145$1,817$1,423
16 years$3,208$2,715$2,288$1,920$1,606$1,233
17 years$2,988$2,500$2,082$1,725$1,424$1,071
18 years$2,792$2,311$1,900$1,555$1,266$934
19 years$2,618$2,141$1,740$1,405$1,128$815
20 years$2,461$1,990$1,597$1,272$1,008$713
21 years$2,319$1,853$1,469$1,155$902$625
22 years$2,190$1,730$1,354$1,050$809$548
23 years$2,073$1,618$1,250$956$726$481
24 years$1,965$1,516$1,156$872$652$423
25 years$1,867$1,423$1,071$796$587$372
26 years$1,776$1,337$993$728$529$328
27 years$1,692$1,258$922$667$477$289
28 years$1,614$1,186$857$611$430$255
29 years$1,541$1,119$798$560$388$225
30 years$1,474$1,057$743$514$351$198
31 years$1,411$999$693$472$317$175
32 years$1,352$945$646$434$287$155
33 years$1,297$895$603$399$260$137
34 years$1,245$848$564$367$235$121
35 years$1,196$805$527$338$213$107
36 years$1,150$764$493$311$193$94
37 years$1,106$725$462$287$175$84
38 years$1,065$689$432$264$159$74
39 years$1,027$655$405$244$144$65
40 years$990$624$380$225$130$58
41 years$955$594$356$207$118$51
42 years$922$565$334$191$107$45
43 years$890$539$313$177$97$40
44 years$860$513$294$163$88$36
45 years$832$490$276$151$80$31
46 years$804$467$259$139$73$28
47 years$778$446$244$129$66$25
48 years$753$425$229$119$60$22
49 years$730$406$215$110$55$19
50 years$707$388$202$101$50$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $724,000, adding $2,671 every year, while hoping to spend $25,780 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: 34/45/21 Blend
53$724,000$724,000$724,000$724,000
54$800,603$762,231$751,009$822,601
55$854,835$772,151$748,738$849,035
56$913,734$781,692$745,527$874,966
57$977,750$790,810$741,317$902,398
58$1,047,376$799,456$736,047$931,482
59$1,123,156$807,576$729,652$962,381
60$1,205,687$815,117$722,065$995,279
61$1,295,628$822,018$713,214$1,030,378
62$1,393,701$828,216$703,026$1,067,906
63$1,500,705$833,645$691,424$1,108,111
64$1,617,515$838,232$678,325$1,151,270
65$1,745,098$841,902$663,645$1,197,692
66$1,884,516$844,573$647,295$1,247,717
67$2,036,940$846,160$629,183$1,301,723
68$2,203,657$846,571$609,209$1,360,127
69$2,386,086$845,709$587,274$1,423,395
70$2,585,789$843,471$563,270$1,492,038
71$2,804,486$839,748$537,086$1,566,627
72$3,044,071$834,422$508,606$1,647,790
73$3,306,629$827,373$477,707$1,736,225
74$3,594,459$818,467$444,264$1,832,703
75$3,910,090$807,568$408,143$1,938,078
76$4,256,308$794,528$369,204$2,053,295
77$4,636,183$779,192$327,305$2,179,400
78$5,053,096$761,394$282,292$2,317,547
79$5,510,771$740,962$234,008$2,469,017
80$6,013,310$717,709$182,288$2,635,222
81$6,565,232$691,441$126,958$2,817,728
82$7,171,515$661,951$67,840$3,018,262
83$7,837,642$629,019$4,746$3,238,735
84$8,569,655$592,415$0$3,481,258
85$9,374,210$551,893$0$3,762,190
86$10,258,638$507,195$0$4,072,132
87$11,231,019$458,047$0$4,412,917
88$12,300,251$404,159$0$4,787,742
89$13,476,140$345,227$0$5,200,136
90$14,769,490$280,926$0$5,653,996
91$16,192,203$210,917$0$6,153,618
92$17,757,394$134,838$0$6,703,746
93$19,479,512$52,309$0$7,309,614
94$21,374,479$0$0$7,976,998
95$23,459,836$0$0$8,730,626
96$25,754,912$0$0$9,588,677
97$28,281,004$0$0$10,533,226
98$31,061,579$0$0$11,573,064
99$34,122,494$0$0$12,717,878
100$37,492,240$0$0$13,978,339