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%11.9%
1 years$59,952$59,418$58,897$58,389$57,892$57,431
2 years$29,679$29,127$28,591$28,072$27,568$27,103
3 years$19,590$19,035$18,500$17,986$17,490$17,036
4 years$14,546$13,992$13,463$12,958$12,474$12,034
5 years$11,520$10,970$10,448$9,953$9,483$9,058
6 years$9,504$8,958$8,444$7,959$7,503$7,095
7 years$8,064$7,523$7,017$6,544$6,102$5,710
8 years$6,985$6,449$5,951$5,489$5,062$4,686
9 years$6,146$5,615$5,125$4,676$4,263$3,903
10 years$5,475$4,949$4,468$4,031$3,632$3,289
11 years$4,927$4,406$3,934$3,508$3,124$2,796
12 years$4,470$3,954$3,491$3,077$2,707$2,394
13 years$4,084$3,574$3,119$2,716$2,361$2,063
14 years$3,753$3,248$2,803$2,411$2,069$1,786
15 years$3,467$2,967$2,530$2,150$1,822$1,553
16 years$3,216$2,723$2,294$1,925$1,610$1,355
17 years$2,996$2,507$2,088$1,730$1,428$1,186
18 years$2,800$2,317$1,906$1,559$1,270$1,041
19 years$2,625$2,147$1,745$1,409$1,132$915
20 years$2,467$1,995$1,601$1,276$1,011$806
21 years$2,325$1,859$1,473$1,158$905$712
22 years$2,196$1,735$1,357$1,053$811$629
23 years$2,078$1,623$1,253$959$728$557
24 years$1,971$1,520$1,159$875$654$493
25 years$1,872$1,427$1,074$799$589$437
26 years$1,781$1,341$996$730$530$388
27 years$1,696$1,262$925$668$478$345
28 years$1,618$1,189$859$612$431$307
29 years$1,545$1,122$800$562$390$273
30 years$1,478$1,059$745$515$352$243
31 years$1,415$1,002$695$473$318$216
32 years$1,356$948$648$435$288$192
33 years$1,300$897$605$400$260$171
34 years$1,248$851$565$368$236$153
35 years$1,199$807$529$339$214$136
36 years$1,153$766$494$312$194$121
37 years$1,110$727$463$288$175$108
38 years$1,068$691$433$265$159$97
39 years$1,029$657$406$244$144$86
40 years$993$625$381$225$131$77
41 years$958$595$357$208$119$69
42 years$924$567$335$192$108$61
43 years$893$540$314$177$98$55
44 years$863$515$295$164$89$49
45 years$834$491$277$151$81$44
46 years$807$468$260$140$73$39
47 years$780$447$244$129$66$35
48 years$756$427$230$119$60$31
49 years$732$407$216$110$55$28
50 years$709$389$203$102$50$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $726,000, adding $5,381 every year, while hoping to spend $30,188 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: 51/26/23 Blend
53$726,000$726,000$726,000$726,000
54$805,603$767,125$755,872$841,262
55$855,654$772,594$749,073$871,998
56$909,799$777,319$741,036$901,880
57$968,424$781,233$731,685$933,749
58$1,031,951$784,261$720,945$967,803
59$1,100,848$786,328$708,734$1,004,266
60$1,175,627$787,351$694,970$1,043,384
61$1,256,852$787,242$679,562$1,085,427
62$1,345,143$785,909$662,419$1,130,698
63$1,441,183$783,253$643,446$1,179,531
64$1,545,722$779,171$622,540$1,232,295
65$1,659,586$773,552$599,596$1,289,400
66$1,783,685$766,277$574,503$1,351,297
67$1,919,019$757,223$547,147$1,418,489
68$2,066,689$746,257$517,407$1,491,528
69$2,227,907$733,239$485,156$1,571,029
70$2,404,008$718,022$450,263$1,657,670
71$2,596,460$700,448$412,589$1,752,200
72$2,806,880$680,351$371,992$1,855,449
73$3,037,049$657,555$328,321$1,968,335
74$3,288,926$631,874$281,418$2,091,870
75$3,564,671$603,111$231,121$2,227,176
76$3,866,661$571,056$177,257$2,375,490
77$4,197,514$535,491$119,648$2,538,182
78$4,560,111$496,181$58,107$2,716,765
79$4,957,629$452,881$0$2,912,908
80$5,393,564$405,328$0$3,130,315
81$5,871,767$353,249$0$3,384,508
82$6,396,481$296,352$0$3,663,515
83$6,972,378$234,329$0$3,969,878
84$7,604,605$166,856$0$4,306,402
85$8,298,832$93,589$0$4,676,178
86$9,061,306$14,168$0$5,082,618
87$9,898,905$0$0$5,529,483
88$10,819,210$0$0$6,041,464
89$11,830,570$0$0$6,608,635
90$12,942,185$0$0$7,232,113
91$14,164,188$0$0$7,917,592
92$15,507,746$0$0$8,671,345
93$16,985,160$0$0$9,500,284
94$18,609,981$0$0$10,412,027
95$20,397,143$0$0$11,414,962
96$22,363,098$0$0$12,518,336
97$24,525,971$0$0$13,732,333
98$26,905,735$0$0$15,068,178
99$29,524,396$0$0$16,538,236
100$32,406,200$0$0$18,156,133