Can I retire at age 54 with 730,000?

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 $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%12.4%
1 years$60,283$59,746$59,222$58,711$58,211$57,627
2 years$29,843$29,287$28,748$28,226$27,720$27,131
3 years$19,698$19,139$18,602$18,085$17,586$17,012
4 years$14,626$14,070$13,538$13,029$12,543$11,987
5 years$11,584$11,031$10,506$10,008$9,535$8,999
6 years$9,556$9,007$8,490$8,003$7,545$7,030
7 years$8,109$7,564$7,055$6,580$6,136$5,642
8 years$7,024$6,484$5,984$5,520$5,090$4,617
9 years$6,180$5,646$5,154$4,702$4,287$3,835
10 years$5,505$4,976$4,493$4,053$3,652$3,221
11 years$4,954$4,430$3,956$3,527$3,141$2,730
12 years$4,495$3,976$3,510$3,094$2,722$2,330
13 years$4,106$3,593$3,136$2,731$2,374$2,001
14 years$3,774$3,266$2,818$2,425$2,081$1,727
15 years$3,486$2,984$2,544$2,162$1,832$1,497
16 years$3,234$2,738$2,307$1,936$1,619$1,302
17 years$3,012$2,521$2,099$1,740$1,436$1,135
18 years$2,815$2,330$1,916$1,568$1,277$993
19 years$2,639$2,159$1,754$1,417$1,138$870
20 years$2,481$2,006$1,610$1,283$1,016$764
21 years$2,338$1,869$1,481$1,164$910$671
22 years$2,208$1,745$1,365$1,059$815$591
23 years$2,090$1,632$1,260$964$732$521
24 years$1,982$1,529$1,165$879$658$460
25 years$1,882$1,435$1,079$803$592$406
26 years$1,790$1,348$1,001$734$533$359
27 years$1,706$1,269$930$672$481$318
28 years$1,627$1,196$864$616$434$281
29 years$1,554$1,128$804$565$392$249
30 years$1,486$1,065$749$518$354$221
31 years$1,422$1,007$698$476$320$196
32 years$1,363$953$652$437$289$174
33 years$1,307$902$608$402$262$154
34 years$1,255$855$568$370$237$137
35 years$1,206$811$531$341$215$121
36 years$1,159$770$497$314$195$108
37 years$1,116$731$465$289$176$96
38 years$1,074$695$436$266$160$85
39 years$1,035$661$408$246$145$76
40 years$998$629$383$227$132$67
41 years$963$598$359$209$119$60
42 years$929$570$337$193$108$53
43 years$898$543$316$178$98$47
44 years$867$518$296$164$89$42
45 years$839$494$278$152$81$37
46 years$811$471$261$140$74$33
47 years$785$449$246$130$67$30
48 years$760$429$231$120$61$26
49 years$736$410$217$111$55$23
50 years$713$391$204$102$50$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $730,000, adding $2,017 every year, while hoping to spend $47,870 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: 24/49/27 Blend
53$730,000$730,000$730,000$730,000
54$806,541$767,851$756,536$818,984
55$837,874$754,542$730,946$816,340
56$870,800$738,977$702,895$809,313
57$905,429$720,994$672,249$800,772
58$941,883$700,423$638,870$790,623
59$980,294$677,083$602,612$778,769
60$1,020,807$650,783$563,322$765,107
61$1,063,579$621,321$520,843$749,529
62$1,108,782$588,483$475,009$731,927
63$1,156,601$552,042$425,645$712,183
64$1,207,242$511,760$372,572$690,179
65$1,260,927$467,383$315,599$665,792
66$1,317,900$418,643$254,531$638,892
67$1,378,428$365,259$189,159$609,349
68$1,442,802$306,931$119,270$577,025
69$1,511,341$243,343$44,639$541,780
70$1,584,394$174,164$0$503,471
71$1,662,344$99,039$0$472,033
72$1,745,609$17,598$0$451,609
73$1,834,649$0$0$429,247
74$1,929,968$0$0$442,905
75$2,032,116$0$0$467,795
76$2,141,701$0$0$494,583
77$2,259,386$0$0$523,445
78$2,385,900$0$0$554,571
79$2,522,045$0$0$588,170
80$2,668,700$0$0$624,473
81$2,826,829$0$0$663,733
82$2,997,494$0$0$706,228
83$3,181,860$0$0$752,262
84$3,381,209$0$0$802,174
85$3,596,947$0$0$856,331
86$3,830,622$0$0$915,142
87$4,083,935$0$0$979,052
88$4,358,759$0$0$1,048,553
89$4,657,149$0$0$1,124,188
90$4,981,370$0$0$1,206,550
91$5,333,911$0$0$1,296,296
92$5,717,512$0$0$1,394,147
93$6,135,185$0$0$1,500,895
94$6,590,247$0$0$1,617,415
95$7,086,347$0$0$1,744,668
96$7,627,502$0$0$1,883,713
97$8,218,133$0$0$2,035,714
98$8,863,106$0$0$2,201,956
99$9,567,779$0$0$2,383,849
100$10,338,047$0$0$2,582,951