Can I retire at age 54 with 731,000?

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 $731,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$60,365$59,828$59,303$58,791$58,291$57,851
2 years$29,884$29,327$28,788$28,265$27,758$27,314
3 years$19,725$19,166$18,628$18,110$17,611$17,177
4 years$14,646$14,089$13,556$13,047$12,560$12,140
5 years$11,600$11,046$10,520$10,021$9,548$9,143
6 years$9,569$9,020$8,502$8,014$7,555$7,165
7 years$8,120$7,575$7,065$6,589$6,144$5,769
8 years$7,033$6,493$5,992$5,527$5,097$4,738
9 years$6,188$5,653$5,161$4,708$4,293$3,949
10 years$5,513$4,983$4,499$4,058$3,657$3,329
11 years$4,961$4,436$3,961$3,532$3,146$2,832
12 years$4,501$3,982$3,515$3,098$2,726$2,426
13 years$4,112$3,598$3,141$2,735$2,377$2,092
14 years$3,779$3,271$2,822$2,428$2,084$1,812
15 years$3,491$2,988$2,548$2,165$1,835$1,577
16 years$3,239$2,741$2,310$1,939$1,621$1,377
17 years$3,016$2,525$2,102$1,742$1,438$1,206
18 years$2,819$2,333$1,919$1,570$1,278$1,059
19 years$2,643$2,162$1,757$1,418$1,139$932
20 years$2,484$2,009$1,612$1,285$1,018$822
21 years$2,341$1,871$1,483$1,166$911$726
22 years$2,211$1,747$1,367$1,060$816$642
23 years$2,093$1,634$1,262$965$733$569
24 years$1,984$1,531$1,167$881$659$504
25 years$1,885$1,437$1,081$804$593$447
26 years$1,793$1,350$1,002$735$534$397
27 years$1,708$1,271$931$673$481$353
28 years$1,629$1,197$865$617$434$314
29 years$1,556$1,130$805$565$392$280
30 years$1,488$1,067$750$519$354$249
31 years$1,424$1,008$699$477$320$222
32 years$1,365$954$652$438$290$198
33 years$1,309$904$609$403$262$176
34 years$1,257$856$569$371$237$157
35 years$1,207$812$532$341$215$140
36 years$1,161$771$498$314$195$125
37 years$1,117$732$466$290$177$112
38 years$1,076$696$436$267$160$100
39 years$1,037$662$409$246$145$89
40 years$999$630$383$227$132$80
41 years$964$599$359$209$119$71
42 years$931$571$337$193$108$64
43 years$899$544$316$178$98$57
44 years$869$518$297$165$89$51
45 years$840$494$279$152$81$45
46 years$812$472$262$141$74$41
47 years$786$450$246$130$67$36
48 years$761$430$231$120$61$32
49 years$737$410$217$111$55$29
50 years$714$392$204$102$50$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $731,000, adding $5,147 every year, while hoping to spend $21,900 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: 72/11/17 Blend
53$731,000$731,000$731,000$731,000
54$810,871$772,128$760,798$865,693
55$870,279$786,661$762,983$917,308
56$935,012$801,172$764,507$970,675
57$1,005,590$815,637$765,326$1,028,551
58$1,082,587$830,030$765,391$1,091,382
59$1,166,632$844,322$764,652$1,159,654
60$1,258,418$858,484$763,058$1,233,905
61$1,358,710$872,482$760,553$1,314,728
62$1,468,347$886,283$757,081$1,402,776
63$1,588,255$899,847$752,580$1,498,767
64$1,719,453$913,136$746,987$1,603,495
65$1,863,063$926,105$740,237$1,717,834
66$2,020,320$938,709$732,260$1,842,745
67$2,192,585$950,899$722,983$1,979,291
68$2,381,357$962,620$712,331$2,128,641
69$2,588,284$973,818$700,223$2,292,083
70$2,815,185$984,431$686,576$2,471,038
71$3,064,061$994,395$671,304$2,667,072
72$3,337,117$1,003,642$654,314$2,881,909
73$3,636,781$1,012,098$635,512$3,117,452
74$3,965,728$1,019,686$614,796$3,375,796
75$4,326,904$1,026,323$592,064$3,659,251
76$4,723,556$1,031,920$567,206$3,970,364
77$5,159,258$1,036,384$540,107$4,311,941
78$5,637,950$1,039,614$510,648$4,687,073
79$6,163,970$1,041,505$478,704$5,099,171
80$6,742,099$1,041,943$444,145$5,551,992
81$7,377,604$1,040,808$406,834$6,049,675
82$8,076,286$1,037,975$366,629$6,596,786
83$8,844,538$1,033,306$323,382$7,198,354
84$9,689,403$1,026,660$276,937$7,859,924
85$10,618,639$1,017,884$227,132$8,587,607
86$11,640,797$1,006,816$173,797$9,388,137
87$12,765,295$993,287$116,756$10,268,938
88$14,002,511$977,114$55,824$11,238,190
89$15,363,881$958,107$0$12,304,912
90$16,862,004$936,061$0$13,480,710
91$18,510,762$910,761$0$14,785,783
92$20,325,451$881,981$0$16,222,105
93$22,322,927$849,477$0$17,803,021
94$24,521,759$812,996$0$19,543,236
95$26,942,413$772,267$0$21,458,955
96$29,607,435$727,004$0$23,568,036
97$32,541,672$676,906$0$25,890,157
98$35,772,501$621,652$0$28,447,004
99$39,330,089$560,906$0$31,262,473
100$43,247,678$494,310$0$34,362,898