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%15.9%
1 years$60,200$59,664$59,141$58,630$58,131$56,726
2 years$29,802$29,247$28,709$28,188$27,682$26,274
3 years$19,671$19,113$18,577$18,060$17,562$16,197
4 years$14,606$14,050$13,519$13,011$12,526$11,213
5 years$11,568$11,016$10,491$9,994$9,522$8,265
6 years$9,543$8,995$8,479$7,992$7,534$6,335
7 years$8,098$7,554$7,046$6,571$6,127$4,985
8 years$7,014$6,475$5,975$5,512$5,083$3,998
9 years$6,171$5,638$5,147$4,695$4,281$3,252
10 years$5,498$4,969$4,487$4,047$3,647$2,674
11 years$4,947$4,424$3,950$3,522$3,137$2,217
12 years$4,488$3,971$3,506$3,090$2,718$1,850
13 years$4,101$3,588$3,132$2,728$2,371$1,553
14 years$3,769$3,262$2,814$2,421$2,078$1,309
15 years$3,481$2,980$2,541$2,159$1,830$1,107
16 years$3,230$2,734$2,304$1,933$1,617$939
17 years$3,008$2,518$2,096$1,737$1,434$799
18 years$2,811$2,326$1,914$1,566$1,275$681
19 years$2,636$2,156$1,752$1,415$1,136$582
20 years$2,478$2,004$1,608$1,281$1,015$498
21 years$2,335$1,866$1,479$1,163$908$426
22 years$2,205$1,742$1,363$1,057$814$365
23 years$2,087$1,629$1,258$963$731$313
24 years$1,979$1,527$1,164$878$657$269
25 years$1,879$1,433$1,078$802$591$231
26 years$1,788$1,346$1,000$733$532$199
27 years$1,703$1,267$928$671$480$171
28 years$1,625$1,194$863$615$433$147
29 years$1,552$1,126$803$564$391$127
30 years$1,484$1,064$748$518$353$109
31 years$1,421$1,006$697$475$320$94
32 years$1,361$952$651$437$289$81
33 years$1,306$901$608$402$262$70
34 years$1,253$854$568$370$237$60
35 years$1,204$810$531$340$214$52
36 years$1,158$769$496$313$194$45
37 years$1,114$730$465$289$176$39
38 years$1,073$694$435$266$160$33
39 years$1,034$660$408$245$145$29
40 years$997$628$382$226$131$25
41 years$962$598$358$209$119$21
42 years$928$569$336$193$108$18
43 years$896$542$315$178$98$16
44 years$866$517$296$164$89$14
45 years$837$493$278$152$81$12
46 years$810$470$261$140$73$10
47 years$784$449$245$129$67$9
48 years$759$428$231$120$61$8
49 years$735$409$217$111$55$7
50 years$712$391$204$102$50$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $729,000, adding $3,065 every year, while hoping to spend $27,247 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: 60/15/25 Blend
53$729,000$729,000$729,000$729,000
54$806,520$767,883$756,583$849,336
55$859,794$776,518$752,938$887,451
56$917,589$784,664$748,258$925,808
57$980,337$792,267$742,478$967,073
58$1,048,514$799,270$735,534$1,011,534
59$1,122,643$805,615$727,355$1,059,510
60$1,203,299$811,236$717,868$1,111,353
61$1,291,116$816,067$706,996$1,167,451
62$1,386,790$820,035$694,661$1,228,232
63$1,491,088$823,062$680,778$1,294,170
64$1,604,854$825,067$665,259$1,365,788
65$1,729,017$825,963$648,013$1,443,663
66$1,864,600$825,658$628,944$1,528,431
67$2,012,727$824,054$607,952$1,620,795
68$2,174,639$821,045$584,932$1,721,532
69$2,351,698$816,523$559,773$1,831,497
70$2,545,408$810,370$532,363$1,951,636
71$2,757,423$802,460$502,579$2,082,992
72$2,989,563$792,664$470,299$2,226,716
73$3,243,834$780,840$435,389$2,384,079
74$3,522,444$766,841$397,714$2,556,482
75$3,827,827$750,509$357,131$2,745,472
76$4,162,661$731,680$313,490$2,952,757
77$4,529,896$710,176$266,636$3,180,218
78$4,932,782$685,811$216,405$3,429,933
79$5,374,900$658,390$162,628$3,704,195
80$5,860,191$627,702$105,128$4,005,532
81$6,392,998$593,527$43,718$4,336,732
82$6,978,107$555,633$0$4,700,874
83$7,620,787$513,772$0$5,107,171
84$8,326,844$467,684$0$5,566,369
85$9,102,674$417,093$0$6,070,980
86$9,955,324$361,707$0$6,625,616
87$10,892,555$301,218$0$7,235,363
88$11,922,920$235,303$0$7,905,821
89$13,055,841$163,616$0$8,643,167
90$14,301,699$85,795$0$9,454,208
91$15,671,930$1,457$0$10,346,443
92$17,179,136$0$0$11,328,142
93$18,837,199$0$0$12,423,239
94$20,661,418$0$0$13,628,407
95$22,668,646$0$0$14,954,549
96$24,877,454$0$0$16,413,943
97$27,308,303$0$0$18,020,117
98$29,983,740$0$0$19,787,977
99$32,928,605$0$0$21,733,948
100$36,170,273$0$0$23,876,128