Can I retire at age 54 with 733,000?

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 $733,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$60,530$59,991$59,465$58,952$58,450$57,529
2 years$29,966$29,407$28,867$28,342$27,834$26,908
3 years$19,779$19,218$18,679$18,159$17,659$16,758
4 years$14,686$14,127$13,593$13,083$12,594$11,724
5 years$11,631$11,076$10,549$10,049$9,574$8,738
6 years$9,596$9,044$8,525$8,036$7,576$6,774
7 years$8,142$7,595$7,084$6,607$6,161$5,394
8 years$7,052$6,511$6,008$5,542$5,111$4,379
9 years$6,205$5,669$5,175$4,721$4,304$3,607
10 years$5,528$4,997$4,512$4,069$3,667$3,004
11 years$4,974$4,448$3,972$3,542$3,154$2,524
12 years$4,513$3,993$3,525$3,106$2,733$2,136
13 years$4,123$3,608$3,149$2,743$2,384$1,817
14 years$3,789$3,280$2,830$2,435$2,089$1,554
15 years$3,500$2,996$2,555$2,171$1,840$1,334
16 years$3,247$2,749$2,316$1,944$1,626$1,149
17 years$3,025$2,532$2,108$1,747$1,442$992
18 years$2,827$2,339$1,924$1,574$1,282$859
19 years$2,650$2,168$1,761$1,422$1,143$745
20 years$2,491$2,015$1,617$1,288$1,021$647
21 years$2,348$1,877$1,487$1,169$913$563
22 years$2,217$1,752$1,370$1,063$819$491
23 years$2,098$1,638$1,265$968$735$428
24 years$1,990$1,535$1,170$883$660$374
25 years$1,890$1,441$1,084$806$594$326
26 years$1,798$1,354$1,005$737$535$285
27 years$1,713$1,274$933$675$483$250
28 years$1,634$1,201$868$618$436$219
29 years$1,560$1,133$808$567$393$191
30 years$1,492$1,070$752$520$355$168
31 years$1,428$1,011$701$478$321$147
32 years$1,369$957$654$439$291$129
33 years$1,313$906$611$404$263$113
34 years$1,260$859$571$372$238$99
35 years$1,211$815$534$342$216$87
36 years$1,164$773$499$315$195$76
37 years$1,120$734$467$290$177$67
38 years$1,079$698$438$268$161$59
39 years$1,039$664$410$247$146$52
40 years$1,002$631$384$228$132$45
41 years$967$601$360$210$120$40
42 years$933$572$338$194$109$35
43 years$901$545$317$179$99$31
44 years$871$520$298$165$90$27
45 years$842$496$280$153$81$24
46 years$814$473$263$141$74$21
47 years$788$451$247$130$67$18
48 years$763$431$232$120$61$16
49 years$739$411$218$111$55$14
50 years$716$393$205$103$50$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $733,000, adding $4,025 every year, while hoping to spend $33,634 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: 33/49/18 Blend
53$733,000$733,000$733,000$733,000
54$811,918$773,069$761,707$834,063
55$858,947$775,163$751,438$852,876
56$909,646$776,232$739,698$869,750
57$964,354$776,191$726,401$887,225
58$1,023,442$774,949$711,460$905,371
59$1,087,320$772,408$694,781$924,271
60$1,156,438$768,467$676,267$944,018
61$1,231,289$763,017$655,816$964,716
62$1,312,417$755,941$633,323$986,484
63$1,400,420$747,118$608,675$1,009,456
64$1,495,954$736,419$581,757$1,033,783
65$1,599,742$723,704$552,448$1,059,634
66$1,712,580$708,830$520,619$1,087,200
67$1,835,342$691,641$486,138$1,116,694
68$1,968,989$671,974$448,866$1,148,358
69$2,114,582$649,657$408,659$1,182,461
70$2,273,285$624,506$365,365$1,219,304
71$2,446,381$596,327$318,825$1,259,224
72$2,635,281$564,916$268,875$1,302,600
73$2,841,539$530,057$215,341$1,349,852
74$3,066,865$491,519$158,045$1,401,452
75$3,313,142$449,060$96,796$1,457,924
76$3,582,444$402,425$31,400$1,519,856
77$3,877,052$351,343$0$1,587,898
78$4,199,480$295,527$0$1,670,153
79$4,552,495$234,676$0$1,766,971
80$4,939,145$168,470$0$1,873,259
81$5,362,785$96,573$0$1,990,065
82$5,827,112$18,628$0$2,118,548
83$6,336,195$0$0$2,259,997
84$6,894,519$0$0$2,451,283
85$7,507,021$0$0$2,672,262
86$8,179,140$0$0$2,914,866
87$8,916,867$0$0$3,181,272
88$9,726,801$0$0$3,473,877
89$10,616,210$0$0$3,795,324
90$11,593,104$0$0$4,148,522
91$12,666,304$0$0$4,536,678
92$13,845,527$0$0$4,963,323
93$15,141,479$0$0$5,432,349
94$16,565,955$0$0$5,948,043
95$18,131,949$0$0$6,515,128
96$19,853,777$0$0$7,138,808
97$21,747,211$0$0$7,824,816
98$23,829,629$0$0$8,579,469
99$26,120,175$0$0$9,409,727
100$28,639,945$0$0$10,323,259