Can I retire at age 54 with 731,000?

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 $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%13.5%
1 years$60,365$59,828$59,303$58,791$58,291$57,444
2 years$29,884$29,327$28,788$28,265$27,758$26,906
3 years$19,725$19,166$18,628$18,110$17,611$16,781
4 years$14,646$14,089$13,556$13,047$12,560$11,758
5 years$11,600$11,046$10,520$10,021$9,548$8,777
6 years$9,569$9,020$8,502$8,014$7,555$6,815
7 years$8,120$7,575$7,065$6,589$6,144$5,436
8 years$7,033$6,493$5,992$5,527$5,097$4,421
9 years$6,188$5,653$5,161$4,708$4,293$3,648
10 years$5,513$4,983$4,499$4,058$3,657$3,044
11 years$4,961$4,436$3,961$3,532$3,146$2,562
12 years$4,501$3,982$3,515$3,098$2,726$2,172
13 years$4,112$3,598$3,141$2,735$2,377$1,852
14 years$3,779$3,271$2,822$2,428$2,084$1,587
15 years$3,491$2,988$2,548$2,165$1,835$1,365
16 years$3,239$2,741$2,310$1,939$1,621$1,178
17 years$3,016$2,525$2,102$1,742$1,438$1,019
18 years$2,819$2,333$1,919$1,570$1,278$884
19 years$2,643$2,162$1,757$1,418$1,139$769
20 years$2,484$2,009$1,612$1,285$1,018$669
21 years$2,341$1,871$1,483$1,166$911$584
22 years$2,211$1,747$1,367$1,060$816$510
23 years$2,093$1,634$1,262$965$733$446
24 years$1,984$1,531$1,167$881$659$390
25 years$1,885$1,437$1,081$804$593$342
26 years$1,793$1,350$1,002$735$534$299
27 years$1,708$1,271$931$673$481$263
28 years$1,629$1,197$865$617$434$230
29 years$1,556$1,130$805$565$392$202
30 years$1,488$1,067$750$519$354$178
31 years$1,424$1,008$699$477$320$156
32 years$1,365$954$652$438$290$137
33 years$1,309$904$609$403$262$121
34 years$1,257$856$569$371$237$106
35 years$1,207$812$532$341$215$93
36 years$1,161$771$498$314$195$82
37 years$1,117$732$466$290$177$72
38 years$1,076$696$436$267$160$64
39 years$1,037$662$409$246$145$56
40 years$999$630$383$227$132$49
41 years$964$599$359$209$119$43
42 years$931$571$337$193$108$38
43 years$899$544$316$178$98$34
44 years$869$518$297$165$89$30
45 years$840$494$279$152$81$26
46 years$812$472$262$141$74$23
47 years$786$450$246$130$67$20
48 years$761$430$231$120$61$18
49 years$737$410$217$111$55$16
50 years$714$392$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 $731,000, adding $2,415 every year, while hoping to spend $57,126 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: 66/9/25 Blend
53$731,000$731,000$731,000$731,000
54$808,053$769,310$757,980$855,987
55$829,693$746,225$722,590$865,471
56$851,625$720,093$684,101$869,165
57$873,820$690,707$642,347$871,903
58$896,241$657,843$597,157$873,595
59$918,848$621,268$548,352$874,143
60$941,594$580,733$495,745$873,441
61$964,423$535,976$439,140$871,373
62$987,275$486,720$378,332$867,817
63$1,010,079$432,671$313,108$862,639
64$1,032,756$373,520$243,245$855,693
65$1,055,214$308,940$168,511$846,824
66$1,077,352$238,584$88,663$835,861
67$1,099,055$162,088$3,446$822,622
68$1,120,194$79,066$0$806,908
69$1,140,624$0$0$811,844
70$1,160,182$0$0$817,432
71$1,178,687$0$0$830,060
72$1,195,934$0$0$841,746
73$1,211,696$0$0$852,326
74$1,225,720$0$0$861,613
75$1,237,723$0$0$869,402
76$1,247,390$0$0$875,462
77$1,254,371$0$0$879,538
78$1,258,276$0$0$881,346
79$1,258,672$0$0$880,568
80$1,255,078$0$0$876,855
81$1,246,960$0$0$869,817
82$1,233,726$0$0$859,023
83$1,214,718$0$0$843,992
84$1,189,210$0$0$824,195
85$1,156,392$0$0$799,043
86$1,115,373$0$0$767,885
87$1,065,163$0$0$730,000
88$1,004,665$0$0$684,591
89$932,669$0$0$630,774
90$847,833$0$0$567,572
91$748,675$0$0$493,907
92$633,555$0$0$408,583
93$500,661$0$0$310,282
94$347,990$0$0$197,545
95$173,330$0$0$68,761
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0