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%19.2%
1 years$59,952$59,418$58,897$58,389$57,892$55,750
2 years$29,679$29,127$28,591$28,072$27,568$25,433
3 years$19,590$19,035$18,500$17,986$17,490$15,431
4 years$14,546$13,992$13,463$12,958$12,474$10,506
5 years$11,520$10,970$10,448$9,953$9,483$7,610
6 years$9,504$8,958$8,444$7,959$7,503$5,729
7 years$8,064$7,523$7,017$6,544$6,102$4,424
8 years$6,985$6,449$5,951$5,489$5,062$3,480
9 years$6,146$5,615$5,125$4,676$4,263$2,774
10 years$5,475$4,949$4,468$4,031$3,632$2,234
11 years$4,927$4,406$3,934$3,508$3,124$1,813
12 years$4,470$3,954$3,491$3,077$2,707$1,481
13 years$4,084$3,574$3,119$2,716$2,361$1,215
14 years$3,753$3,248$2,803$2,411$2,069$1,001
15 years$3,467$2,967$2,530$2,150$1,822$827
16 years$3,216$2,723$2,294$1,925$1,610$686
17 years$2,996$2,507$2,088$1,730$1,428$569
18 years$2,800$2,317$1,906$1,559$1,270$474
19 years$2,625$2,147$1,745$1,409$1,132$394
20 years$2,467$1,995$1,601$1,276$1,011$329
21 years$2,325$1,859$1,473$1,158$905$275
22 years$2,196$1,735$1,357$1,053$811$229
23 years$2,078$1,623$1,253$959$728$192
24 years$1,971$1,520$1,159$875$654$160
25 years$1,872$1,427$1,074$799$589$134
26 years$1,781$1,341$996$730$530$112
27 years$1,696$1,262$925$668$478$94
28 years$1,618$1,189$859$612$431$79
29 years$1,545$1,122$800$562$390$66
30 years$1,478$1,059$745$515$352$55
31 years$1,415$1,002$695$473$318$46
32 years$1,356$948$648$435$288$39
33 years$1,300$897$605$400$260$33
34 years$1,248$851$565$368$236$27
35 years$1,199$807$529$339$214$23
36 years$1,153$766$494$312$194$19
37 years$1,110$727$463$288$175$16
38 years$1,068$691$433$265$159$14
39 years$1,029$657$406$244$144$11
40 years$993$625$381$225$131$10
41 years$958$595$357$208$119$8
42 years$924$567$335$192$108$7
43 years$893$540$314$177$98$6
44 years$863$515$295$164$89$5
45 years$834$491$277$151$81$4
46 years$807$468$260$140$73$3
47 years$780$447$244$129$66$3
48 years$756$427$230$119$60$2
49 years$732$407$216$110$55$2
50 years$709$389$203$102$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $726,000, adding $5,893 every year, while hoping to spend $29,304 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: 63/31/6 Blend
53$726,000$726,000$726,000$726,000
54$806,131$767,653$756,400$855,706
55$857,177$774,088$750,560$895,911
56$912,447$779,857$743,542$935,804
57$972,343$784,896$735,276$978,596
58$1,037,302$789,136$725,689$1,024,564
59$1,107,809$792,507$714,702$1,074,017
60$1,184,397$794,930$702,235$1,127,294
61$1,267,649$796,326$688,204$1,184,770
62$1,358,210$796,607$672,520$1,246,858
63$1,456,788$795,681$655,090$1,314,014
64$1,564,163$793,451$635,817$1,386,742
65$1,681,191$789,814$614,600$1,465,598
66$1,808,816$784,659$591,334$1,551,193
67$1,948,078$777,870$565,906$1,644,205
68$2,100,120$769,323$538,202$1,745,380
69$2,266,200$758,888$508,099$1,855,543
70$2,447,704$746,425$475,472$1,975,602
71$2,646,158$731,788$440,189$2,106,560
72$2,863,241$714,820$402,110$2,249,524
73$3,100,802$695,357$361,091$2,405,716
74$3,360,878$673,224$316,982$2,576,483
75$3,645,711$648,235$269,624$2,763,313
76$3,957,771$620,196$218,854$2,967,847
77$4,299,778$588,900$164,500$3,191,894
78$4,674,726$554,126$106,381$3,437,451
79$5,085,914$515,645$44,311$3,706,724
80$5,536,976$473,210$0$4,002,141
81$6,031,914$426,564$0$4,327,789
82$6,575,136$375,432$0$4,688,342
83$7,171,497$319,526$0$5,084,235
84$7,826,347$258,539$0$5,519,084
85$8,545,577$192,150$0$5,996,875
86$9,335,678$120,018$0$6,522,002
87$10,203,800$41,782$0$7,099,314
88$11,157,822$0$0$7,734,155
89$12,206,421$0$0$8,447,066
90$13,359,157$0$0$9,246,503
91$14,626,565$0$0$10,125,524
92$16,020,248$0$0$11,092,186
93$17,552,993$0$0$12,155,363
94$19,238,887$0$0$13,324,836
95$21,093,449$0$0$14,611,378
96$23,133,781$0$0$16,026,861
97$25,378,724$0$0$17,584,364
98$27,849,038$0$0$19,298,300
99$30,567,598$0$0$21,184,547
100$33,559,606$0$0$23,260,603