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%17%
1 years$60,200$59,664$59,141$58,630$58,131$56,474
2 years$29,802$29,247$28,709$28,188$27,682$26,025
3 years$19,671$19,113$18,577$18,060$17,562$15,958
4 years$14,606$14,050$13,519$13,011$12,526$10,986
5 years$11,568$11,016$10,491$9,994$9,522$8,051
6 years$9,543$8,995$8,479$7,992$7,534$6,134
7 years$8,098$7,554$7,046$6,571$6,127$4,797
8 years$7,014$6,475$5,975$5,512$5,083$3,823
9 years$6,171$5,638$5,147$4,695$4,281$3,089
10 years$5,498$4,969$4,487$4,047$3,647$2,522
11 years$4,947$4,424$3,950$3,522$3,137$2,076
12 years$4,488$3,971$3,506$3,090$2,718$1,721
13 years$4,101$3,588$3,132$2,728$2,371$1,433
14 years$3,769$3,262$2,814$2,421$2,078$1,199
15 years$3,481$2,980$2,541$2,159$1,830$1,006
16 years$3,230$2,734$2,304$1,933$1,617$847
17 years$3,008$2,518$2,096$1,737$1,434$715
18 years$2,811$2,326$1,914$1,566$1,275$605
19 years$2,636$2,156$1,752$1,415$1,136$512
20 years$2,478$2,004$1,608$1,281$1,015$434
21 years$2,335$1,866$1,479$1,163$908$369
22 years$2,205$1,742$1,363$1,057$814$313
23 years$2,087$1,629$1,258$963$731$267
24 years$1,979$1,527$1,164$878$657$227
25 years$1,879$1,433$1,078$802$591$193
26 years$1,788$1,346$1,000$733$532$165
27 years$1,703$1,267$928$671$480$140
28 years$1,625$1,194$863$615$433$120
29 years$1,552$1,126$803$564$391$102
30 years$1,484$1,064$748$518$353$87
31 years$1,421$1,006$697$475$320$74
32 years$1,361$952$651$437$289$64
33 years$1,306$901$608$402$262$54
34 years$1,253$854$568$370$237$46
35 years$1,204$810$531$340$214$40
36 years$1,158$769$496$313$194$34
37 years$1,114$730$465$289$176$29
38 years$1,073$694$435$266$160$25
39 years$1,034$660$408$245$145$21
40 years$997$628$382$226$131$18
41 years$962$598$358$209$119$15
42 years$928$569$336$193$108$13
43 years$896$542$315$178$98$11
44 years$866$517$296$164$89$10
45 years$837$493$278$152$81$8
46 years$810$470$261$140$73$7
47 years$784$449$245$129$67$6
48 years$759$428$231$120$61$5
49 years$735$409$217$111$55$4
50 years$712$391$204$102$50$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $729,000, adding $5,262 every year, while hoping to spend $46,582 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: 51/27/22 Blend
53$729,000$729,000$729,000$729,000
54$808,786$770,149$758,849$844,828
55$841,719$758,323$734,708$858,493
56$876,450$744,357$708,196$868,142
57$913,114$728,096$679,186$877,663
58$951,856$709,377$647,544$887,061
59$992,836$688,027$613,127$896,345
60$1,036,228$663,864$575,790$905,528
61$1,082,224$636,694$535,380$914,627
62$1,131,031$606,311$491,735$923,665
63$1,182,876$572,501$444,688$932,671
64$1,238,008$535,032$394,064$941,679
65$1,296,700$493,664$339,680$950,733
66$1,359,250$448,140$281,346$959,885
67$1,425,984$398,189$218,861$969,195
68$1,497,259$343,526$152,018$978,737
69$1,573,468$283,847$80,600$988,597
70$1,655,041$218,834$4,378$998,873
71$1,742,447$148,149$0$1,009,682
72$1,836,205$71,437$0$1,039,222
73$1,936,881$0$0$1,071,854
74$2,045,098$0$0$1,110,254
75$2,161,538$0$0$1,174,463
76$2,286,952$0$0$1,243,677
77$2,422,164$0$0$1,318,357
78$2,568,079$0$0$1,399,012
79$2,725,690$0$0$1,486,197
80$2,896,092$0$0$1,580,527
81$3,080,485$0$0$1,682,675
82$3,280,189$0$0$1,793,381
83$3,496,656$0$0$1,913,460
84$3,731,482$0$0$2,043,807
85$3,986,423$0$0$2,185,408
86$4,263,409$0$0$2,339,346
87$4,564,564$0$0$2,506,813
88$4,892,225$0$0$2,689,120
89$5,248,963$0$0$2,887,711
90$5,637,607$0$0$3,104,174
91$6,061,269$0$0$3,340,256
92$6,523,377$0$0$3,597,882
93$7,027,702$0$0$3,879,168
94$7,578,394$0$0$4,186,446
95$8,180,024$0$0$4,522,282
96$8,837,622$0$0$4,889,501
97$9,556,727$0$0$5,291,213
98$10,343,437$0$0$5,730,845
99$11,204,467$0$0$6,212,166
100$12,147,211$0$0$6,739,331