Can I retire at age 54 with 726,000?

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 $726,000?

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$59,952$59,418$58,897$58,389$57,892$57,648
2 years$29,679$29,127$28,591$28,072$27,568$27,321
3 years$19,590$19,035$18,500$17,986$17,490$17,249
4 years$14,546$13,992$13,463$12,958$12,474$12,240
5 years$11,520$10,970$10,448$9,953$9,483$9,257
6 years$9,504$8,958$8,444$7,959$7,503$7,285
7 years$8,064$7,523$7,017$6,544$6,102$5,893
8 years$6,985$6,449$5,951$5,489$5,062$4,861
9 years$6,146$5,615$5,125$4,676$4,263$4,070
10 years$5,475$4,949$4,468$4,031$3,632$3,447
11 years$4,927$4,406$3,934$3,508$3,124$2,947
12 years$4,470$3,954$3,491$3,077$2,707$2,538
13 years$4,084$3,574$3,119$2,716$2,361$2,199
14 years$3,753$3,248$2,803$2,411$2,069$1,916
15 years$3,467$2,967$2,530$2,150$1,822$1,676
16 years$3,216$2,723$2,294$1,925$1,610$1,471
17 years$2,996$2,507$2,088$1,730$1,428$1,295
18 years$2,800$2,317$1,906$1,559$1,270$1,144
19 years$2,625$2,147$1,745$1,409$1,132$1,012
20 years$2,467$1,995$1,601$1,276$1,011$898
21 years$2,325$1,859$1,473$1,158$905$798
22 years$2,196$1,735$1,357$1,053$811$710
23 years$2,078$1,623$1,253$959$728$632
24 years$1,971$1,520$1,159$875$654$564
25 years$1,872$1,427$1,074$799$589$504
26 years$1,781$1,341$996$730$530$450
27 years$1,696$1,262$925$668$478$403
28 years$1,618$1,189$859$612$431$361
29 years$1,545$1,122$800$562$390$323
30 years$1,478$1,059$745$515$352$290
31 years$1,415$1,002$695$473$318$260
32 years$1,356$948$648$435$288$233
33 years$1,300$897$605$400$260$209
34 years$1,248$851$565$368$236$188
35 years$1,199$807$529$339$214$169
36 years$1,153$766$494$312$194$152
37 years$1,110$727$463$288$175$136
38 years$1,068$691$433$265$159$123
39 years$1,029$657$406$244$144$110
40 years$993$625$381$225$131$99
41 years$958$595$357$208$119$89
42 years$924$567$335$192$108$80
43 years$893$540$314$177$98$72
44 years$863$515$295$164$89$65
45 years$834$491$277$151$81$58
46 years$807$468$260$140$73$53
47 years$780$447$244$129$66$47
48 years$756$427$230$119$60$43
49 years$732$407$216$110$55$38
50 years$709$389$203$102$50$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $726,000, adding $6,925 every year, while hoping to spend $21,643 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: 32/46/22 Blend
53$726,000$726,000$726,000$726,000
54$807,195$768,717$757,464$827,364
55$866,501$783,356$759,811$857,762
56$931,131$797,987$761,512$888,045
57$1,001,605$812,587$762,521$920,219
58$1,078,495$827,131$762,792$954,461
59$1,162,432$841,590$762,276$990,970
60$1,254,109$855,938$760,921$1,029,966
61$1,354,290$870,141$758,674$1,071,690
62$1,463,817$884,166$755,478$1,116,409
63$1,583,613$897,978$751,274$1,164,419
64$1,714,699$911,536$745,999$1,216,046
65$1,858,197$924,800$739,589$1,271,652
66$2,015,343$937,725$731,975$1,331,635
67$2,187,497$950,263$723,085$1,396,436
68$2,376,159$962,362$712,845$1,466,542
69$2,582,978$973,969$701,177$1,542,491
70$2,809,773$985,025$687,998$1,624,876
71$3,058,546$995,468$673,222$1,714,355
72$3,331,503$1,005,230$656,760$1,811,653
73$3,631,072$1,014,243$638,517$1,917,571
74$3,959,930$1,022,429$618,396$2,032,993
75$4,321,023$1,029,708$596,292$2,158,898
76$4,717,599$1,035,996$572,100$2,296,365
77$5,153,235$1,041,200$545,706$2,446,584
78$5,631,870$1,045,224$516,992$2,610,873
79$6,157,846$1,047,965$485,837$2,790,685
80$6,735,944$1,049,314$452,110$2,987,623
81$7,371,434$1,049,153$415,679$3,203,460
82$8,070,118$1,047,360$376,402$3,440,150
83$8,838,393$1,043,803$334,134$3,699,852
84$9,683,303$1,038,343$288,722$3,984,949
85$10,612,610$1,030,833$240,005$4,298,071
86$11,634,868$1,021,115$187,816$4,642,120
87$12,759,499$1,009,024$131,982$5,020,299
88$13,996,885$994,383$72,321$5,436,143
89$15,358,466$977,007$8,643$5,893,554
90$16,856,846$956,697$0$6,396,836
91$18,505,913$933,244$0$6,964,661
92$20,320,970$906,426$0$7,591,416
93$22,318,877$876,009$0$8,280,904
94$24,518,213$841,744$0$9,039,556
95$26,939,450$803,369$0$9,874,462
96$29,605,145$760,606$0$10,793,445
97$32,540,155$713,160$0$11,805,125
98$35,771,866$660,720$0$12,919,012
99$39,330,460$602,959$0$14,145,589
100$43,249,191$539,528$0$15,496,414