Can I retire at age 54 with 728,000?

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 $728,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$60,118$59,582$59,060$58,550$58,052$56,717
2 years$29,761$29,207$28,670$28,149$27,644$26,307
3 years$19,644$19,087$18,551$18,035$17,538$16,241
4 years$14,586$14,031$13,501$12,993$12,508$11,260
5 years$11,552$11,000$10,477$9,980$9,509$8,313
6 years$9,530$8,983$8,467$7,981$7,524$6,382
7 years$8,087$7,544$7,036$6,562$6,119$5,031
8 years$7,004$6,466$5,967$5,505$5,076$4,042
9 years$6,163$5,630$5,139$4,689$4,275$3,293
10 years$5,490$4,963$4,481$4,042$3,642$2,713
11 years$4,940$4,418$3,945$3,517$3,133$2,253
12 years$4,482$3,965$3,501$3,085$2,715$1,885
13 years$4,095$3,583$3,128$2,724$2,367$1,585
14 years$3,763$3,257$2,810$2,418$2,075$1,338
15 years$3,476$2,976$2,537$2,156$1,827$1,135
16 years$3,225$2,730$2,300$1,931$1,615$965
17 years$3,004$2,514$2,093$1,735$1,432$823
18 years$2,808$2,323$1,911$1,563$1,273$703
19 years$2,632$2,153$1,749$1,413$1,135$601
20 years$2,474$2,001$1,606$1,279$1,014$516
21 years$2,332$1,864$1,477$1,161$907$443
22 years$2,202$1,740$1,361$1,056$813$380
23 years$2,084$1,627$1,257$962$730$327
24 years$1,976$1,525$1,162$877$656$281
25 years$1,877$1,431$1,076$801$590$242
26 years$1,785$1,345$998$732$532$209
27 years$1,701$1,265$927$670$479$180
28 years$1,623$1,192$862$614$433$155
29 years$1,550$1,125$802$563$391$134
30 years$1,482$1,062$747$517$353$116
31 years$1,419$1,004$696$475$319$100
32 years$1,359$950$650$436$289$86
33 years$1,304$900$607$401$261$75
34 years$1,252$853$567$369$236$64
35 years$1,202$809$530$340$214$56
36 years$1,156$768$496$313$194$48
37 years$1,113$729$464$288$176$42
38 years$1,071$693$435$266$159$36
39 years$1,032$659$407$245$145$31
40 years$995$627$382$226$131$27
41 years$960$597$358$209$119$23
42 years$927$568$336$192$108$20
43 years$895$542$315$178$98$17
44 years$865$516$296$164$89$15
45 years$836$492$278$151$81$13
46 years$809$470$261$140$73$11
47 years$783$448$245$129$67$10
48 years$758$428$230$119$60$8
49 years$734$409$216$110$55$7
50 years$711$390$203$102$50$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $728,000, adding $3,651 every year, while hoping to spend $31,354 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: 35/44/21 Blend
53$728,000$728,000$728,000$728,000
54$806,022$767,438$756,154$828,971
55$854,876$771,682$748,125$850,417
56$907,662$775,083$738,776$870,385
57$964,748$777,567$728,029$891,287
58$1,026,539$779,055$715,805$913,225
59$1,093,480$779,462$702,018$936,314
60$1,166,058$778,699$686,579$960,681
61$1,244,813$776,672$669,396$986,471
62$1,330,334$773,279$650,372$1,013,843
63$1,423,274$768,415$629,404$1,042,978
64$1,524,346$761,966$606,388$1,074,076
65$1,634,338$753,812$581,211$1,107,362
66$1,754,117$743,825$553,758$1,143,084
67$1,884,635$731,870$523,907$1,181,524
68$2,026,942$717,805$491,531$1,222,991
69$2,182,190$701,478$456,498$1,267,832
70$2,351,652$682,729$418,669$1,316,434
71$2,536,726$661,388$377,900$1,369,226
72$2,738,951$637,276$334,039$1,426,687
73$2,960,023$610,201$286,928$1,489,347
74$3,201,808$579,963$236,402$1,557,799
75$3,466,360$546,349$182,290$1,632,700
76$3,755,943$509,134$124,411$1,714,779
77$4,073,047$468,080$62,577$1,804,846
78$4,420,418$422,935$0$1,903,803
79$4,801,075$373,434$0$2,013,411
80$5,218,347$319,295$0$2,149,026
81$5,675,900$260,221$0$2,297,890
82$6,177,769$195,900$0$2,461,413
83$6,728,401$125,998$0$2,641,157
84$7,332,693$50,167$0$2,838,849
85$7,996,039$0$0$3,056,400
86$8,724,383$0$0$3,311,395
87$9,524,269$0$0$3,618,223
88$10,402,909$0$0$3,955,373
89$11,368,245$0$0$4,325,907
90$12,429,029$0$0$4,733,198
91$13,594,902$0$0$5,180,964
92$14,876,485$0$0$5,673,299
93$16,285,478$0$0$6,214,714
94$17,834,774$0$0$6,810,179
95$19,538,575$0$0$7,465,172
96$21,412,531$0$0$8,185,724
97$23,473,882$0$0$8,978,485
98$25,741,625$0$0$9,850,779
99$28,236,691$0$0$10,810,676
100$30,982,140$0$0$11,867,069