Can I retire at age 54 with 727,000?

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 $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%13.3%
1 years$60,035$59,500$58,978$58,469$57,972$57,177
2 years$29,720$29,167$28,630$28,110$27,606$26,806
3 years$19,617$19,061$18,526$18,010$17,514$16,734
4 years$14,566$14,012$13,482$12,976$12,491$11,738
5 years$11,536$10,985$10,463$9,966$9,496$8,771
6 years$9,517$8,970$8,455$7,970$7,514$6,818
7 years$8,075$7,533$7,026$6,553$6,111$5,445
8 years$6,995$6,457$5,959$5,497$5,069$4,433
9 years$6,155$5,622$5,132$4,682$4,269$3,662
10 years$5,483$4,956$4,475$4,036$3,637$3,059
11 years$4,934$4,412$3,939$3,513$3,128$2,578
12 years$4,476$3,960$3,496$3,081$2,711$2,189
13 years$4,089$3,579$3,124$2,720$2,364$1,869
14 years$3,758$3,253$2,806$2,415$2,072$1,603
15 years$3,472$2,972$2,534$2,153$1,825$1,381
16 years$3,221$2,726$2,297$1,928$1,613$1,193
17 years$3,000$2,511$2,090$1,732$1,430$1,034
18 years$2,804$2,320$1,908$1,561$1,271$898
19 years$2,628$2,150$1,747$1,411$1,133$782
20 years$2,471$1,998$1,603$1,278$1,012$682
21 years$2,328$1,861$1,475$1,160$906$596
22 years$2,199$1,737$1,359$1,054$812$521
23 years$2,081$1,625$1,255$960$729$456
24 years$1,973$1,522$1,161$876$655$400
25 years$1,874$1,429$1,075$800$589$351
26 years$1,783$1,343$997$731$531$308
27 years$1,699$1,264$926$669$479$270
28 years$1,620$1,191$861$613$432$238
29 years$1,548$1,123$801$562$390$209
30 years$1,480$1,061$746$516$352$184
31 years$1,417$1,003$695$474$319$162
32 years$1,357$949$649$436$288$142
33 years$1,302$899$606$401$261$125
34 years$1,250$852$566$369$236$111
35 years$1,201$808$529$339$214$97
36 years$1,155$767$495$312$194$86
37 years$1,111$728$463$288$176$76
38 years$1,070$692$434$265$159$67
39 years$1,031$658$407$245$144$59
40 years$994$626$381$226$131$52
41 years$959$596$357$208$119$46
42 years$926$568$335$192$108$40
43 years$894$541$315$177$98$36
44 years$864$516$295$164$89$31
45 years$835$492$277$151$81$28
46 years$808$469$260$140$73$24
47 years$782$448$245$129$66$22
48 years$757$427$230$119$60$19
49 years$733$408$216$110$55$17
50 years$710$390$203$102$50$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $727,000, adding $2,804 every year, while hoping to spend $40,185 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: 82/5/13 Blend
53$727,000$727,000$727,000$727,000
54$804,046$765,515$754,247$867,795
55$843,303$760,269$736,758$904,772
56$885,216$753,419$717,336$939,800
57$930,015$744,844$695,874$977,075
58$977,951$734,415$672,260$1,016,802
59$1,029,299$721,998$646,377$1,059,206
60$1,084,359$707,447$618,102$1,104,536
61$1,143,462$690,611$587,307$1,153,066
62$1,206,971$671,328$553,858$1,205,097
63$1,275,286$649,426$517,616$1,260,962
64$1,348,842$624,724$478,433$1,321,026
65$1,428,120$597,032$436,157$1,385,694
66$1,513,648$566,147$390,628$1,455,410
67$1,606,006$531,854$341,679$1,530,664
68$1,705,830$493,926$289,137$1,611,997
69$1,813,820$452,124$232,819$1,700,005
70$1,930,747$406,195$172,535$1,795,344
71$2,057,455$355,870$108,087$1,898,738
72$2,194,875$300,868$39,268$2,010,985
73$2,344,030$240,888$0$2,132,966
74$2,506,046$175,616$0$2,270,390
75$2,682,159$104,718$0$2,425,707
76$2,873,731$27,841$0$2,594,677
77$3,082,260$0$0$2,778,634
78$3,309,395$0$0$2,982,093
79$3,556,948$0$0$3,205,528
80$3,826,918$0$0$3,449,210
81$4,121,499$0$0$3,715,124
82$4,443,111$0$0$4,005,455
83$4,794,417$0$0$4,322,608
84$5,178,345$0$0$4,669,232
85$5,598,124$0$0$5,048,242
86$6,057,305$0$0$5,462,847
87$6,559,800$0$0$5,916,583
88$7,109,916$0$0$6,413,339
89$7,712,396$0$0$6,957,403
90$8,372,463$0$0$7,553,493
91$9,095,868$0$0$8,206,807
92$9,888,948$0$0$8,923,070
93$10,758,679$0$0$9,708,584
94$11,712,746$0$0$10,570,295
95$12,759,613$0$0$11,515,851
96$13,908,603$0$0$12,553,676
97$15,169,987$0$0$13,693,051
98$16,555,078$0$0$14,944,197
99$18,076,337$0$0$16,318,375
100$19,747,493$0$0$17,827,990