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%14.2%
1 years$60,118$59,582$59,060$58,550$58,052$57,043
2 years$29,761$29,207$28,670$28,149$27,644$26,631
3 years$19,644$19,087$18,551$18,035$17,538$16,553
4 years$14,586$14,031$13,501$12,993$12,508$11,558
5 years$11,552$11,000$10,477$9,980$9,509$8,596
6 years$9,530$8,983$8,467$7,981$7,524$6,649
7 years$8,087$7,544$7,036$6,562$6,119$5,283
8 years$7,004$6,466$5,967$5,505$5,076$4,279
9 years$6,163$5,630$5,139$4,689$4,275$3,516
10 years$5,490$4,963$4,481$4,042$3,642$2,921
11 years$4,940$4,418$3,945$3,517$3,133$2,448
12 years$4,482$3,965$3,501$3,085$2,715$2,066
13 years$4,095$3,583$3,128$2,724$2,367$1,754
14 years$3,763$3,257$2,810$2,418$2,075$1,495
15 years$3,476$2,976$2,537$2,156$1,827$1,280
16 years$3,225$2,730$2,300$1,931$1,615$1,099
17 years$3,004$2,514$2,093$1,735$1,432$947
18 years$2,808$2,323$1,911$1,563$1,273$817
19 years$2,632$2,153$1,749$1,413$1,135$707
20 years$2,474$2,001$1,606$1,279$1,014$612
21 years$2,332$1,864$1,477$1,161$907$531
22 years$2,202$1,740$1,361$1,056$813$461
23 years$2,084$1,627$1,257$962$730$401
24 years$1,976$1,525$1,162$877$656$349
25 years$1,877$1,431$1,076$801$590$304
26 years$1,785$1,345$998$732$532$265
27 years$1,701$1,265$927$670$479$231
28 years$1,623$1,192$862$614$433$202
29 years$1,550$1,125$802$563$391$176
30 years$1,482$1,062$747$517$353$154
31 years$1,419$1,004$696$475$319$134
32 years$1,359$950$650$436$289$117
33 years$1,304$900$607$401$261$103
34 years$1,252$853$567$369$236$90
35 years$1,202$809$530$340$214$78
36 years$1,156$768$496$313$194$69
37 years$1,113$729$464$288$176$60
38 years$1,071$693$435$266$159$52
39 years$1,032$659$407$245$145$46
40 years$995$627$382$226$131$40
41 years$960$597$358$209$119$35
42 years$927$568$336$192$108$31
43 years$895$542$315$178$98$27
44 years$865$516$296$164$89$24
45 years$836$492$278$151$81$21
46 years$809$470$261$140$73$18
47 years$783$448$245$129$67$16
48 years$758$428$230$119$60$14
49 years$734$409$216$110$55$12
50 years$711$390$203$102$50$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $728,000, adding $4,723 every year, while hoping to spend $51,711 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: 37/47/16 Blend
53$728,000$728,000$728,000$728,000
54$807,128$768,544$757,260$832,912
55$834,435$751,182$727,608$834,544
56$862,794$731,237$695,230$831,034
57$892,258$708,527$659,979$826,139
58$922,883$682,859$621,703$819,765
59$954,730$654,032$580,243$811,807
60$987,863$621,831$535,432$802,160
61$1,022,352$586,028$487,096$790,712
62$1,058,272$546,382$435,053$777,344
63$1,095,701$502,641$379,113$761,932
64$1,134,728$454,535$319,078$744,346
65$1,175,444$401,781$254,741$724,451
66$1,217,949$344,079$185,885$702,104
67$1,262,353$281,111$112,285$677,154
68$1,308,771$212,544$33,705$649,447
69$1,357,329$138,022$0$618,819
70$1,408,166$57,174$0$593,661
71$1,461,428$0$0$571,929
72$1,517,276$0$0$563,445
73$1,575,884$0$0$585,603
74$1,637,441$0$0$608,908
75$1,702,153$0$0$633,443
76$1,770,243$0$0$659,298
77$1,841,953$0$0$686,568
78$1,917,550$0$0$715,361
79$1,997,320$0$0$745,792
80$2,081,578$0$0$777,986
81$2,170,668$0$0$812,083
82$2,264,963$0$0$848,232
83$2,364,872$0$0$886,597
84$2,470,841$0$0$927,359
85$2,583,359$0$0$970,714
86$2,702,959$0$0$1,016,877
87$2,830,226$0$0$1,066,084
88$2,965,798$0$0$1,118,593
89$3,110,376$0$0$1,174,687
90$3,264,725$0$0$1,234,675
91$3,429,687$0$0$1,298,897
92$3,606,181$0$0$1,367,726
93$3,795,218$0$0$1,441,570
94$3,997,905$0$0$1,520,878
95$4,215,456$0$0$1,606,141
96$4,449,205$0$0$1,697,901
97$4,700,615$0$0$1,796,750
98$4,971,293$0$0$1,903,340
99$5,263,004$0$0$2,018,387
100$5,577,685$0$0$2,142,678