Can I retire at age 54 with 730,000?

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 $730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$60,283$59,746$59,222$58,711$58,211$57,389
2 years$29,843$29,287$28,748$28,226$27,720$26,893
3 years$19,698$19,139$18,602$18,085$17,586$16,781
4 years$14,626$14,070$13,538$13,029$12,543$11,764
5 years$11,584$11,031$10,506$10,008$9,535$8,786
6 years$9,556$9,007$8,490$8,003$7,545$6,826
7 years$8,109$7,564$7,055$6,580$6,136$5,448
8 years$7,024$6,484$5,984$5,520$5,090$4,433
9 years$6,180$5,646$5,154$4,702$4,287$3,660
10 years$5,505$4,976$4,493$4,053$3,652$3,056
11 years$4,954$4,430$3,956$3,527$3,141$2,574
12 years$4,495$3,976$3,510$3,094$2,722$2,183
13 years$4,106$3,593$3,136$2,731$2,374$1,863
14 years$3,774$3,266$2,818$2,425$2,081$1,597
15 years$3,486$2,984$2,544$2,162$1,832$1,375
16 years$3,234$2,738$2,307$1,936$1,619$1,187
17 years$3,012$2,521$2,099$1,740$1,436$1,028
18 years$2,815$2,330$1,916$1,568$1,277$892
19 years$2,639$2,159$1,754$1,417$1,138$776
20 years$2,481$2,006$1,610$1,283$1,016$677
21 years$2,338$1,869$1,481$1,164$910$590
22 years$2,208$1,745$1,365$1,059$815$516
23 years$2,090$1,632$1,260$964$732$451
24 years$1,982$1,529$1,165$879$658$395
25 years$1,882$1,435$1,079$803$592$347
26 years$1,790$1,348$1,001$734$533$304
27 years$1,706$1,269$930$672$481$267
28 years$1,627$1,196$864$616$434$234
29 years$1,554$1,128$804$565$392$206
30 years$1,486$1,065$749$518$354$181
31 years$1,422$1,007$698$476$320$159
32 years$1,363$953$652$437$289$140
33 years$1,307$902$608$402$262$123
34 years$1,255$855$568$370$237$108
35 years$1,206$811$531$341$215$95
36 years$1,159$770$497$314$195$84
37 years$1,116$731$465$289$176$74
38 years$1,074$695$436$266$160$65
39 years$1,035$661$408$246$145$57
40 years$998$629$383$227$132$51
41 years$963$598$359$209$119$45
42 years$929$570$337$193$108$39
43 years$898$543$316$178$98$35
44 years$867$518$296$164$89$31
45 years$839$494$278$152$81$27
46 years$811$471$261$140$74$24
47 years$785$449$246$130$67$21
48 years$760$429$231$120$61$18
49 years$736$410$217$111$55$16
50 years$713$391$204$102$50$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $730,000, adding $5,990 every year, while hoping to spend $45,067 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: 85/7/8 Blend
53$730,000$730,000$730,000$730,000
54$810,639$771,949$760,634$878,325
55$845,373$761,823$738,164$913,283
56$882,140$749,691$713,431$944,927
57$921,098$735,407$686,312$978,273
58$962,424$718,815$656,676$1,013,463
59$1,006,307$699,753$624,391$1,050,653
60$1,052,956$678,046$589,314$1,090,014
61$1,102,599$653,513$551,298$1,131,734
62$1,155,487$625,957$510,189$1,176,020
63$1,211,893$595,175$465,826$1,223,102
64$1,272,116$560,949$418,041$1,273,228
65$1,336,485$523,048$366,659$1,326,677
66$1,405,360$481,231$311,496$1,383,752
67$1,479,136$435,241$252,360$1,444,788
68$1,558,245$384,805$189,051$1,510,155
69$1,643,163$329,638$121,362$1,580,260
70$1,734,411$269,435$49,073$1,655,551
71$1,832,561$203,878$0$1,736,522
72$1,938,242$132,627$0$1,826,113
73$2,052,142$55,326$0$1,927,153
74$2,175,021$0$0$2,036,132
75$2,307,711$0$0$2,155,989
76$2,451,127$0$0$2,290,148
77$2,606,273$0$0$2,435,291
78$2,774,257$0$0$2,592,452
79$2,956,292$0$0$2,762,769
80$3,153,715$0$0$2,947,494
81$3,367,996$0$0$3,148,004
82$3,600,750$0$0$3,365,810
83$3,853,756$0$0$3,602,580
84$4,128,969$0$0$3,860,144
85$4,428,540$0$0$4,140,517
86$4,754,838$0$0$4,445,918
87$5,110,468$0$0$4,778,786
88$5,498,297$0$0$5,141,808
89$5,921,481$0$0$5,537,939
90$6,383,494$0$0$5,970,432
91$6,888,161$0$0$6,442,870
92$7,439,690$0$0$6,959,195
93$8,042,717$0$0$7,523,749
94$8,702,344$0$0$8,141,311
95$9,424,190$0$0$8,817,144
96$10,214,441$0$0$9,557,042
97$11,079,912$0$0$10,367,387
98$12,028,104$0$0$11,255,207
99$13,067,279$0$0$12,228,240
100$14,206,539$0$0$13,295,010