Can I retire at age 54 with 725,000?

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 $725,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$59,870$59,337$58,816$58,308$57,813$55,563
2 years$29,639$29,087$28,552$28,033$27,530$25,290
3 years$19,563$19,008$18,475$17,961$17,466$15,307
4 years$14,526$13,973$13,445$12,940$12,457$10,395
5 years$11,504$10,955$10,434$9,939$9,470$7,511
6 years$9,491$8,946$8,432$7,948$7,493$5,638
7 years$8,053$7,513$7,007$6,535$6,094$4,342
8 years$6,975$6,440$5,943$5,482$5,055$3,405
9 years$6,138$5,607$5,118$4,669$4,257$2,706
10 years$5,468$4,942$4,462$4,025$3,627$2,172
11 years$4,920$4,400$3,929$3,503$3,120$1,757
12 years$4,464$3,949$3,486$3,073$2,704$1,430
13 years$4,078$3,569$3,115$2,713$2,358$1,170
14 years$3,748$3,244$2,799$2,408$2,067$960
15 years$3,462$2,963$2,527$2,147$1,820$791
16 years$3,212$2,719$2,291$1,923$1,608$653
17 years$2,992$2,504$2,085$1,728$1,426$540
18 years$2,796$2,314$1,903$1,557$1,268$448
19 years$2,621$2,144$1,742$1,407$1,130$371
20 years$2,464$1,993$1,599$1,274$1,009$309
21 years$2,322$1,856$1,471$1,156$903$257
22 years$2,193$1,733$1,355$1,051$810$214
23 years$2,076$1,620$1,252$958$727$178
24 years$1,968$1,518$1,157$873$653$148
25 years$1,869$1,425$1,072$798$588$124
26 years$1,778$1,339$994$729$530$103
27 years$1,694$1,260$923$668$477$86
28 years$1,616$1,188$858$612$431$72
29 years$1,543$1,120$799$561$389$60
30 years$1,476$1,058$744$515$351$50
31 years$1,413$1,000$694$473$318$42
32 years$1,354$946$647$434$287$35
33 years$1,298$896$604$400$260$29
34 years$1,246$849$565$368$236$24
35 years$1,198$806$528$338$213$20
36 years$1,151$765$494$312$193$17
37 years$1,108$726$462$287$175$14
38 years$1,067$690$433$265$159$12
39 years$1,028$656$405$244$144$10
40 years$991$624$380$225$131$8
41 years$956$594$356$208$119$7
42 years$923$566$334$192$108$6
43 years$891$539$314$177$98$5
44 years$861$514$294$163$89$4
45 years$833$490$276$151$80$3
46 years$805$468$260$139$73$3
47 years$779$446$244$129$66$2
48 years$754$426$229$119$60$2
49 years$731$407$215$110$55$2
50 years$708$389$203$102$50$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $725,000, adding $2,753 every year, while hoping to spend $35,960 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: 40/38/22 Blend
53$725,000$725,000$725,000$725,000
54$801,790$763,365$752,127$828,543
55$845,311$762,508$739,062$847,160
56$892,066$760,405$724,355$863,668
57$942,348$756,955$707,911$880,801
58$996,475$752,054$689,634$898,637
59$1,054,801$745,590$669,422$917,263
60$1,117,712$737,445$647,169$936,778
61$1,185,632$727,493$622,762$957,295
62$1,259,028$715,602$596,086$978,940
63$1,338,413$701,631$567,020$1,001,855
64$1,424,351$685,431$535,435$1,026,200
65$1,517,461$666,843$501,198$1,052,156
66$1,618,425$645,701$464,171$1,079,924
67$1,727,992$621,829$424,209$1,109,732
68$1,846,987$595,037$381,159$1,141,834
69$1,976,315$565,130$334,863$1,176,514
70$2,116,974$531,896$285,156$1,214,091
71$2,270,061$495,114$231,864$1,254,922
72$2,436,783$454,551$174,808$1,299,403
73$2,618,469$409,958$113,798$1,347,979
74$2,816,581$361,074$48,638$1,401,146
75$3,032,727$307,622$0$1,459,455
76$3,268,679$249,310$0$1,528,429
77$3,526,387$185,828$0$1,616,351
78$3,807,997$116,852$0$1,712,606
79$4,115,871$42,036$0$1,818,099
80$4,452,611$0$0$1,933,831
81$4,821,082$0$0$2,077,212
82$5,224,438$0$0$2,253,502
83$5,666,151$0$0$2,446,652
84$6,150,047$0$0$2,658,347
85$6,680,337$0$0$2,890,442
86$7,261,662$0$0$3,144,981
87$7,899,129$0$0$3,424,214
88$8,598,366$0$0$3,730,620
89$9,365,572$0$0$4,066,928
90$10,207,573$0$0$4,436,148
91$11,131,889$0$0$4,841,591
92$12,146,805$0$0$5,286,908
93$13,261,446$0$0$5,776,118
94$14,485,863$0$0$6,313,651
95$15,831,131$0$0$6,904,386
96$17,309,449$0$0$7,553,698
97$18,934,257$0$0$8,267,510
98$20,720,362$0$0$9,052,346
99$22,684,076$0$0$9,915,393
100$24,843,371$0$0$10,864,572