Can I retire at age 54 with 729,000?

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 $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%18.2%
1 years$60,200$59,664$59,141$58,630$58,131$56,203
2 years$29,802$29,247$28,709$28,188$27,682$25,758
3 years$19,671$19,113$18,577$18,060$17,562$15,703
4 years$14,606$14,050$13,519$13,011$12,526$10,745
5 years$11,568$11,016$10,491$9,994$9,522$7,825
6 years$9,543$8,995$8,479$7,992$7,534$5,923
7 years$8,098$7,554$7,046$6,571$6,127$4,600
8 years$7,014$6,475$5,975$5,512$5,083$3,640
9 years$6,171$5,638$5,147$4,695$4,281$2,920
10 years$5,498$4,969$4,487$4,047$3,647$2,366
11 years$4,947$4,424$3,950$3,522$3,137$1,933
12 years$4,488$3,971$3,506$3,090$2,718$1,589
13 years$4,101$3,588$3,132$2,728$2,371$1,313
14 years$3,769$3,262$2,814$2,421$2,078$1,089
15 years$3,481$2,980$2,541$2,159$1,830$907
16 years$3,230$2,734$2,304$1,933$1,617$757
17 years$3,008$2,518$2,096$1,737$1,434$633
18 years$2,811$2,326$1,914$1,566$1,275$530
19 years$2,636$2,156$1,752$1,415$1,136$445
20 years$2,478$2,004$1,608$1,281$1,015$374
21 years$2,335$1,866$1,479$1,163$908$315
22 years$2,205$1,742$1,363$1,057$814$265
23 years$2,087$1,629$1,258$963$731$223
24 years$1,979$1,527$1,164$878$657$188
25 years$1,879$1,433$1,078$802$591$159
26 years$1,788$1,346$1,000$733$532$134
27 years$1,703$1,267$928$671$480$113
28 years$1,625$1,194$863$615$433$96
29 years$1,552$1,126$803$564$391$81
30 years$1,484$1,064$748$518$353$68
31 years$1,421$1,006$697$475$320$58
32 years$1,361$952$651$437$289$49
33 years$1,306$901$608$402$262$41
34 years$1,253$854$568$370$237$35
35 years$1,204$810$531$340$214$29
36 years$1,158$769$496$313$194$25
37 years$1,114$730$465$289$176$21
38 years$1,073$694$435$266$160$18
39 years$1,034$660$408$245$145$15
40 years$997$628$382$226$131$13
41 years$962$598$358$209$119$11
42 years$928$569$336$193$108$9
43 years$896$542$315$178$98$8
44 years$866$517$296$164$89$7
45 years$837$493$278$152$81$6
46 years$810$470$261$140$73$5
47 years$784$449$245$129$67$4
48 years$759$428$231$120$61$3
49 years$735$409$217$111$55$3
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 $6,257 every year, while hoping to spend $45,804 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: 68/12/20 Blend
53$729,000$729,000$729,000$729,000
54$809,812$771,175$759,876$860,454
55$843,678$760,228$736,596$884,164
56$879,463$747,208$711,002$904,176
57$917,314$731,968$682,967$924,957
58$957,393$714,347$652,359$946,579
59$999,875$694,178$619,041$969,126
60$1,044,952$671,283$582,869$992,689
61$1,092,835$645,473$543,693$1,017,370
62$1,143,752$616,550$501,355$1,043,285
63$1,197,956$584,302$455,691$1,070,561
64$1,255,721$548,506$406,530$1,099,342
65$1,317,349$508,927$353,693$1,129,786
66$1,383,169$465,315$296,992$1,162,070
67$1,453,543$417,406$236,233$1,196,393
68$1,528,869$364,923$171,210$1,232,975
69$1,609,580$307,571$101,712$1,272,060
70$1,696,154$245,039$27,516$1,313,922
71$1,789,114$176,998$0$1,358,862
72$1,889,034$103,101$0$1,418,243
73$1,996,545$22,983$0$1,488,398
74$2,112,339$0$0$1,563,918
75$2,237,178$0$0$1,653,738
76$2,371,895$0$0$1,753,974
77$2,517,408$0$0$1,862,278
78$2,674,727$0$0$1,979,406
79$2,844,960$0$0$2,106,186
80$3,029,324$0$0$2,243,532
81$3,229,161$0$0$2,392,446
82$3,445,942$0$0$2,554,031
83$3,681,289$0$0$2,729,501
84$3,936,982$0$0$2,920,191
85$4,214,983$0$0$3,127,568
86$4,517,447$0$0$3,353,247
87$4,846,747$0$0$3,599,005
88$5,205,495$0$0$3,866,798
89$5,596,562$0$0$4,158,777
90$6,023,112$0$0$4,477,312
91$6,488,624$0$0$4,825,009
92$6,996,931$0$0$5,204,738
93$7,552,248$0$0$5,619,658
94$8,159,218$0$0$6,073,248
95$8,822,954$0$0$6,569,335
96$9,549,083$0$0$7,112,137
97$10,343,802$0$0$7,706,295
98$11,213,935$0$0$8,356,922
99$12,166,996$0$0$9,069,648
100$13,211,261$0$0$9,850,672