Can I retire at age 54 with 727,000?

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 $727,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$60,035$59,500$58,978$58,469$57,972$56,027
2 years$29,720$29,167$28,630$28,110$27,606$25,665
3 years$19,617$19,061$18,526$18,010$17,514$15,639
4 years$14,566$14,012$13,482$12,976$12,491$10,696
5 years$11,536$10,985$10,463$9,966$9,496$7,785
6 years$9,517$8,970$8,455$7,970$7,514$5,889
7 years$8,075$7,533$7,026$6,553$6,111$4,572
8 years$6,995$6,457$5,959$5,497$5,069$3,615
9 years$6,155$5,622$5,132$4,682$4,269$2,898
10 years$5,483$4,956$4,475$4,036$3,637$2,347
11 years$4,934$4,412$3,939$3,513$3,128$1,916
12 years$4,476$3,960$3,496$3,081$2,711$1,574
13 years$4,089$3,579$3,124$2,720$2,364$1,300
14 years$3,758$3,253$2,806$2,415$2,072$1,078
15 years$3,472$2,972$2,534$2,153$1,825$896
16 years$3,221$2,726$2,297$1,928$1,613$748
17 years$3,000$2,511$2,090$1,732$1,430$625
18 years$2,804$2,320$1,908$1,561$1,271$523
19 years$2,628$2,150$1,747$1,411$1,133$439
20 years$2,471$1,998$1,603$1,278$1,012$369
21 years$2,328$1,861$1,475$1,160$906$310
22 years$2,199$1,737$1,359$1,054$812$261
23 years$2,081$1,625$1,255$960$729$219
24 years$1,973$1,522$1,161$876$655$185
25 years$1,874$1,429$1,075$800$589$156
26 years$1,783$1,343$997$731$531$131
27 years$1,699$1,264$926$669$479$111
28 years$1,620$1,191$861$613$432$94
29 years$1,548$1,123$801$562$390$79
30 years$1,480$1,061$746$516$352$67
31 years$1,417$1,003$695$474$319$56
32 years$1,357$949$649$436$288$48
33 years$1,302$899$606$401$261$40
34 years$1,250$852$566$369$236$34
35 years$1,201$808$529$339$214$29
36 years$1,155$767$495$312$194$24
37 years$1,111$728$463$288$176$20
38 years$1,070$692$434$265$159$17
39 years$1,031$658$407$245$144$15
40 years$994$626$381$226$131$12
41 years$959$596$357$208$119$10
42 years$926$568$335$192$108$9
43 years$894$541$315$177$98$7
44 years$864$516$295$164$89$6
45 years$835$492$277$151$81$5
46 years$808$469$260$140$73$5
47 years$782$448$245$129$66$4
48 years$757$427$230$119$60$3
49 years$733$408$216$110$55$3
50 years$710$390$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 $727,000, adding $2,848 every year, while hoping to spend $37,768 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: 54/40/6 Blend
53$727,000$727,000$727,000$727,000
54$804,092$765,561$754,292$846,277
55$845,924$762,888$739,376$872,431
56$890,758$758,819$722,695$896,466
57$938,859$753,245$704,148$921,701
58$990,519$746,051$683,634$948,255
59$1,046,060$737,115$661,044$976,263
60$1,105,832$726,308$636,263$1,005,871
61$1,170,223$713,493$609,174$1,037,245
62$1,239,658$698,526$579,653$1,070,571
63$1,314,602$681,253$547,570$1,106,052
64$1,395,568$661,511$512,791$1,143,917
65$1,483,119$639,128$475,172$1,184,421
66$1,577,874$613,923$434,568$1,227,846
67$1,680,514$585,702$390,823$1,274,507
68$1,791,787$554,261$343,775$1,324,754
69$1,912,515$519,386$293,258$1,378,976
70$2,043,603$480,847$239,093$1,437,604
71$2,186,047$438,405$181,099$1,501,119
72$2,340,940$391,803$119,083$1,570,053
73$2,509,488$340,774$52,844$1,644,998
74$2,693,016$285,032$0$1,726,610
75$2,892,982$224,277$0$1,816,759
76$3,110,991$158,191$0$1,918,797
77$3,348,809$86,439$0$2,030,246
78$3,608,380$8,667$0$2,152,115
79$3,891,843$0$0$2,285,520
80$4,201,556$0$0$2,464,930
81$4,540,110$0$0$2,665,284
82$4,910,362$0$0$2,884,466
83$5,315,455$0$0$3,124,345
84$5,758,852$0$0$3,386,979
85$6,244,363$0$0$3,674,637
86$6,776,186$0$0$3,989,815
87$7,358,945$0$0$4,335,263
88$7,997,730$0$0$4,714,008
89$8,698,149$0$0$5,129,387
90$9,466,377$0$0$5,585,073
91$10,309,216$0$0$6,085,112
92$11,234,159$0$0$6,633,962
93$12,249,459$0$0$7,236,531
94$13,364,205$0$0$7,898,229
95$14,588,412$0$0$8,625,012
96$15,933,112$0$0$9,423,444
97$17,410,457$0$0$10,300,755
98$19,033,835$0$0$11,264,908
99$20,817,993$0$0$12,324,680
100$22,779,181$0$0$13,489,738