Can I retire at age 54 with 729,000?

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 $729,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$60,200$59,664$59,141$58,630$58,131$56,091
2 years$29,802$29,247$28,709$28,188$27,682$25,648
3 years$19,671$19,113$18,577$18,060$17,562$15,598
4 years$14,606$14,050$13,519$13,011$12,526$10,647
5 years$11,568$11,016$10,491$9,994$9,522$7,733
6 years$9,543$8,995$8,479$7,992$7,534$5,837
7 years$8,098$7,554$7,046$6,571$6,127$4,521
8 years$7,014$6,475$5,975$5,512$5,083$3,567
9 years$6,171$5,638$5,147$4,695$4,281$2,852
10 years$5,498$4,969$4,487$4,047$3,647$2,304
11 years$4,947$4,424$3,950$3,522$3,137$1,876
12 years$4,488$3,971$3,506$3,090$2,718$1,537
13 years$4,101$3,588$3,132$2,728$2,371$1,266
14 years$3,769$3,262$2,814$2,421$2,078$1,046
15 years$3,481$2,980$2,541$2,159$1,830$868
16 years$3,230$2,734$2,304$1,933$1,617$722
17 years$3,008$2,518$2,096$1,737$1,434$602
18 years$2,811$2,326$1,914$1,566$1,275$502
19 years$2,636$2,156$1,752$1,415$1,136$420
20 years$2,478$2,004$1,608$1,281$1,015$352
21 years$2,335$1,866$1,479$1,163$908$295
22 years$2,205$1,742$1,363$1,057$814$247
23 years$2,087$1,629$1,258$963$731$207
24 years$1,979$1,527$1,164$878$657$174
25 years$1,879$1,433$1,078$802$591$146
26 years$1,788$1,346$1,000$733$532$123
27 years$1,703$1,267$928$671$480$103
28 years$1,625$1,194$863$615$433$87
29 years$1,552$1,126$803$564$391$73
30 years$1,484$1,064$748$518$353$62
31 years$1,421$1,006$697$475$320$52
32 years$1,361$952$651$437$289$44
33 years$1,306$901$608$402$262$37
34 years$1,253$854$568$370$237$31
35 years$1,204$810$531$340$214$26
36 years$1,158$769$496$313$194$22
37 years$1,114$730$465$289$176$18
38 years$1,073$694$435$266$160$16
39 years$1,034$660$408$245$145$13
40 years$997$628$382$226$131$11
41 years$962$598$358$209$119$9
42 years$928$569$336$193$108$8
43 years$896$542$315$178$98$7
44 years$866$517$296$164$89$6
45 years$837$493$278$152$81$5
46 years$810$470$261$140$73$4
47 years$784$449$245$129$67$3
48 years$759$428$231$120$61$3
49 years$735$409$217$111$55$2
50 years$712$391$204$102$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $729,000, adding $5,981 every year, while hoping to spend $28,529 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: 73/17/10 Blend
53$729,000$729,000$729,000$729,000
54$809,527$770,890$759,591$866,678
55$861,745$778,309$754,683$912,646
56$918,332$785,136$748,654$958,845
57$979,704$791,310$741,436$1,008,657
58$1,046,320$796,770$732,960$1,062,432
59$1,118,681$801,448$723,150$1,120,554
60$1,197,340$805,273$711,930$1,183,447
61$1,282,905$808,168$699,216$1,251,580
62$1,376,047$810,054$684,926$1,325,468
63$1,477,501$810,844$668,968$1,405,677
64$1,588,078$810,447$651,250$1,492,836
65$1,708,670$808,767$631,675$1,587,634
66$1,840,259$805,700$610,140$1,690,831
67$1,983,924$801,139$586,539$1,803,267
68$2,140,857$794,967$560,760$1,925,868
69$2,312,365$787,061$532,686$2,059,651
70$2,499,891$777,292$502,196$2,205,742
71$2,705,022$765,521$469,162$2,365,380
72$2,929,506$751,603$433,451$2,539,931
73$3,175,267$735,384$394,923$2,730,901
74$3,444,425$716,698$353,434$2,939,952
75$3,739,314$695,373$308,831$3,168,914
76$4,062,503$671,226$260,956$3,419,805
77$4,416,823$644,061$209,643$3,694,853
78$4,805,392$613,673$154,719$3,996,509
79$5,231,645$579,845$96,004$4,327,479
80$5,699,362$542,347$33,310$4,690,745
81$6,212,710$500,935$0$5,089,596
82$6,776,278$455,353$0$5,531,240
83$7,395,120$405,327$0$6,020,116
84$8,074,806$350,572$0$6,557,092
85$8,821,470$290,784$0$7,147,051
86$9,641,869$225,641$0$7,795,370
87$10,543,448$154,806$0$8,507,979
88$11,534,408$77,920$0$9,291,412
89$12,623,786$0$0$10,152,869
90$13,821,535$0$0$11,101,297
91$15,138,624$0$0$12,160,289
92$16,587,135$0$0$13,324,987
93$18,180,382$0$0$14,606,102
94$19,933,033$0$0$16,015,432
95$21,861,250$0$0$17,565,978
96$23,982,838$0$0$19,272,065
97$26,317,419$0$0$21,149,475
98$28,886,609$0$0$23,215,598
99$31,714,228$0$0$25,489,595
100$34,826,521$0$0$27,992,578