Can I retire at age 54 with 732,000?

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 $732,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$60,448$59,909$59,384$58,871$58,371$57,309
2 years$29,925$29,367$28,827$28,304$27,796$26,730
3 years$19,752$19,192$18,653$18,134$17,635$16,598
4 years$14,666$14,108$13,575$13,065$12,577$11,578
5 years$11,616$11,061$10,535$10,035$9,561$8,602
6 years$9,583$9,032$8,513$8,025$7,565$6,647
7 years$8,131$7,585$7,075$6,598$6,153$5,275
8 years$7,043$6,502$6,000$5,535$5,104$4,268
9 years$6,197$5,661$5,168$4,714$4,298$3,503
10 years$5,520$4,990$4,505$4,064$3,662$2,906
11 years$4,967$4,442$3,966$3,537$3,150$2,433
12 years$4,507$3,987$3,520$3,102$2,730$2,050
13 years$4,118$3,603$3,145$2,739$2,380$1,738
14 years$3,784$3,275$2,826$2,431$2,087$1,480
15 years$3,495$2,992$2,551$2,168$1,837$1,265
16 years$3,243$2,745$2,313$1,941$1,624$1,085
17 years$3,021$2,528$2,105$1,744$1,440$933
18 years$2,823$2,336$1,921$1,572$1,280$804
19 years$2,647$2,165$1,759$1,420$1,141$694
20 years$2,488$2,012$1,614$1,286$1,019$601
21 years$2,344$1,874$1,485$1,168$912$520
22 years$2,214$1,749$1,369$1,062$817$451
23 years$2,096$1,636$1,264$967$734$392
24 years$1,987$1,533$1,169$882$660$340
25 years$1,887$1,439$1,082$805$594$296
26 years$1,795$1,352$1,004$736$535$258
27 years$1,710$1,272$932$674$482$224
28 years$1,631$1,199$867$617$435$195
29 years$1,558$1,131$806$566$393$170
30 years$1,490$1,068$751$520$355$148
31 years$1,426$1,010$700$477$321$129
32 years$1,367$955$653$439$290$113
33 years$1,311$905$610$403$263$99
34 years$1,258$858$570$371$238$86
35 years$1,209$813$533$342$215$75
36 years$1,163$772$499$315$195$66
37 years$1,119$733$467$290$177$57
38 years$1,077$697$437$267$160$50
39 years$1,038$663$409$246$145$44
40 years$1,001$630$384$227$132$38
41 years$965$600$360$210$120$33
42 years$932$572$338$194$109$29
43 years$900$545$317$179$99$25
44 years$870$519$297$165$89$22
45 years$841$495$279$152$81$19
46 years$813$472$262$141$74$17
47 years$787$451$246$130$67$15
48 years$762$430$231$120$61$13
49 years$738$411$218$111$55$11
50 years$715$392$205$103$50$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $732,000, adding $4,901 every year, while hoping to spend $25,454 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: 67/10/23 Blend
53$732,000$732,000$732,000$732,000
54$811,719$772,923$761,577$861,026
55$867,432$783,714$760,007$905,521
56$927,974$794,180$757,532$950,800
57$993,811$804,279$754,093$999,724
58$1,065,456$813,965$749,631$1,052,651
59$1,143,473$823,189$744,084$1,109,979
60$1,228,482$831,899$737,385$1,172,143
61$1,321,165$840,041$729,466$1,239,627
62$1,422,274$847,553$720,253$1,312,962
63$1,532,637$854,374$709,672$1,392,733
64$1,653,163$860,435$697,643$1,479,587
65$1,784,855$865,666$684,084$1,574,237
66$1,928,816$869,989$668,907$1,677,470
67$2,086,261$873,325$652,021$1,790,151
68$2,258,528$875,586$633,332$1,913,238
69$2,447,089$876,682$612,740$2,047,784
70$2,653,567$876,514$590,142$2,194,951
71$2,879,747$874,979$565,428$2,356,024
72$3,127,596$871,968$538,484$2,532,414
73$3,399,281$867,364$509,193$2,725,680
74$3,697,186$861,043$477,430$2,937,543
75$4,023,940$852,875$443,065$3,169,897
76$4,382,436$842,720$405,962$3,424,833
77$4,775,863$830,432$365,980$3,704,655
78$5,207,731$815,853$322,970$4,011,904
79$5,681,909$798,820$276,779$4,349,383
80$6,202,657$779,155$227,245$4,720,180
81$6,774,669$756,675$174,198$5,127,702
82$7,403,116$731,182$117,464$5,575,704
83$8,093,693$702,470$56,859$6,068,326
84$8,852,676$670,317$0$6,610,133
85$9,686,978$634,492$0$7,208,077
86$10,604,216$594,748$0$7,880,802
87$11,612,781$550,826$0$8,620,509
88$12,721,918$502,450$0$9,433,994
89$13,941,813$449,329$0$10,328,746
90$15,283,688$391,156$0$11,313,020
91$16,759,909$327,608$0$12,395,911
92$18,384,099$258,339$0$13,587,440
93$20,171,268$182,989$0$14,898,654
94$22,137,957$101,175$0$16,341,721
95$24,302,388$12,492$0$17,930,056
96$26,684,641$0$0$19,678,439
97$29,306,842$0$0$21,612,344
98$32,193,369$0$0$23,742,761
99$35,371,084$0$0$26,088,148
100$38,869,586$0$0$28,670,358