Can I retire at age 54 with 728,000?

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 $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%19.6%
1 years$60,118$59,582$59,060$58,550$58,052$55,815
2 years$29,761$29,207$28,670$28,149$27,644$25,416
3 years$19,644$19,087$18,551$18,035$17,538$15,391
4 years$14,586$14,031$13,501$12,993$12,508$10,458
5 years$11,552$11,000$10,477$9,980$9,509$7,560
6 years$9,530$8,983$8,467$7,981$7,524$5,678
7 years$8,087$7,544$7,036$6,562$6,119$4,375
8 years$7,004$6,466$5,967$5,505$5,076$3,433
9 years$6,163$5,630$5,139$4,689$4,275$2,730
10 years$5,490$4,963$4,481$4,042$3,642$2,193
11 years$4,940$4,418$3,945$3,517$3,133$1,775
12 years$4,482$3,965$3,501$3,085$2,715$1,446
13 years$4,095$3,583$3,128$2,724$2,367$1,183
14 years$3,763$3,257$2,810$2,418$2,075$972
15 years$3,476$2,976$2,537$2,156$1,827$801
16 years$3,225$2,730$2,300$1,931$1,615$662
17 years$3,004$2,514$2,093$1,735$1,432$548
18 years$2,808$2,323$1,911$1,563$1,273$454
19 years$2,632$2,153$1,749$1,413$1,135$377
20 years$2,474$2,001$1,606$1,279$1,014$314
21 years$2,332$1,864$1,477$1,161$907$261
22 years$2,202$1,740$1,361$1,056$813$218
23 years$2,084$1,627$1,257$962$730$181
24 years$1,976$1,525$1,162$877$656$151
25 years$1,877$1,431$1,076$801$590$126
26 years$1,785$1,345$998$732$532$105
27 years$1,701$1,265$927$670$479$88
28 years$1,623$1,192$862$614$433$73
29 years$1,550$1,125$802$563$391$61
30 years$1,482$1,062$747$517$353$51
31 years$1,419$1,004$696$475$319$43
32 years$1,359$950$650$436$289$36
33 years$1,304$900$607$401$261$30
34 years$1,252$853$567$369$236$25
35 years$1,202$809$530$340$214$21
36 years$1,156$768$496$313$194$17
37 years$1,113$729$464$288$176$15
38 years$1,071$693$435$266$159$12
39 years$1,032$659$407$245$145$10
40 years$995$627$382$226$131$9
41 years$960$597$358$209$119$7
42 years$927$568$336$192$108$6
43 years$895$542$315$178$98$5
44 years$865$516$296$164$89$4
45 years$836$492$278$151$81$3
46 years$809$470$261$140$73$3
47 years$783$448$245$129$67$2
48 years$758$428$230$119$60$2
49 years$734$409$216$110$55$2
50 years$711$390$203$102$50$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $728,000, adding $6,159 every year, while hoping to spend $42,909 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: 31/49/20 Blend
53$728,000$728,000$728,000$728,000
54$808,609$770,025$758,741$828,473
55$845,432$762,101$738,504$836,039
56$884,573$752,351$716,151$839,868
57$926,223$740,640$691,566$843,087
58$970,592$726,825$664,626$845,670
59$1,017,907$710,755$635,207$847,591
60$1,068,421$692,269$603,173$848,826
61$1,122,407$671,197$568,387$849,352
62$1,180,168$647,361$530,703$849,151
63$1,242,034$620,571$489,970$848,207
64$1,308,367$590,624$446,030$846,507
65$1,379,565$557,309$398,716$844,044
66$1,456,063$520,400$347,856$840,816
67$1,538,342$479,660$293,270$836,826
68$1,626,927$434,838$234,768$832,087
69$1,722,395$385,666$172,155$826,618
70$1,825,381$331,865$105,223$820,450
71$1,936,581$273,138$33,760$813,623
72$2,056,762$209,171$0$806,192
73$2,186,765$139,634$0$807,297
74$2,327,514$64,175$0$816,230
75$2,480,028$0$0$825,938
76$2,645,424$0$0$846,077
77$2,824,931$0$0$905,585
78$3,019,904$0$0$970,318
79$3,231,828$0$0$1,040,783
80$3,462,342$0$0$1,117,538
81$3,713,245$0$0$1,201,196
82$3,986,520$0$0$1,292,431
83$4,284,345$0$0$1,391,987
84$4,609,122$0$0$1,500,681
85$4,963,492$0$0$1,619,413
86$5,350,360$0$0$1,749,174
87$5,772,927$0$0$1,891,055
88$6,234,717$0$0$2,046,257
89$6,739,607$0$0$2,216,103
90$7,291,867$0$0$2,402,048
91$7,896,200$0$0$2,605,697
92$8,557,783$0$0$2,828,815
93$9,282,317$0$0$3,073,348
94$10,076,079$0$0$3,341,436
95$10,945,985$0$0$3,635,439
96$11,899,649$0$0$3,957,956
97$12,945,458$0$0$4,311,849
98$14,092,648$0$0$4,700,269
99$15,351,395$0$0$5,126,689
100$16,732,904$0$0$5,594,934