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%12.5%
1 years$60,530$59,991$59,465$58,952$58,450$57,840
2 years$29,966$29,407$28,867$28,342$27,834$27,219
3 years$19,779$19,218$18,679$18,159$17,659$17,059
4 years$14,686$14,127$13,593$13,083$12,594$12,014
5 years$11,631$11,076$10,549$10,049$9,574$9,015
6 years$9,596$9,044$8,525$8,036$7,576$7,038
7 years$8,142$7,595$7,084$6,607$6,161$5,645
8 years$7,052$6,511$6,008$5,542$5,111$4,617
9 years$6,205$5,669$5,175$4,721$4,304$3,832
10 years$5,528$4,997$4,512$4,069$3,667$3,217
11 years$4,974$4,448$3,972$3,542$3,154$2,725
12 years$4,513$3,993$3,525$3,106$2,733$2,325
13 years$4,123$3,608$3,149$2,743$2,384$1,995
14 years$3,789$3,280$2,830$2,435$2,089$1,721
15 years$3,500$2,996$2,555$2,171$1,840$1,490
16 years$3,247$2,749$2,316$1,944$1,626$1,295
17 years$3,025$2,532$2,108$1,747$1,442$1,129
18 years$2,827$2,339$1,924$1,574$1,282$986
19 years$2,650$2,168$1,761$1,422$1,143$863
20 years$2,491$2,015$1,617$1,288$1,021$757
21 years$2,348$1,877$1,487$1,169$913$666
22 years$2,217$1,752$1,370$1,063$819$586
23 years$2,098$1,638$1,265$968$735$516
24 years$1,990$1,535$1,170$883$660$455
25 years$1,890$1,441$1,084$806$594$402
26 years$1,798$1,354$1,005$737$535$355
27 years$1,713$1,274$933$675$483$314
28 years$1,634$1,201$868$618$436$277
29 years$1,560$1,133$808$567$393$246
30 years$1,492$1,070$752$520$355$217
31 years$1,428$1,011$701$478$321$193
32 years$1,369$957$654$439$291$171
33 years$1,313$906$611$404$263$151
34 years$1,260$859$571$372$238$134
35 years$1,211$815$534$342$216$119
36 years$1,164$773$499$315$195$106
37 years$1,120$734$467$290$177$94
38 years$1,079$698$438$268$161$83
39 years$1,039$664$410$247$146$74
40 years$1,002$631$384$228$132$66
41 years$967$601$360$210$120$58
42 years$933$572$338$194$109$52
43 years$901$545$317$179$99$46
44 years$871$520$298$165$90$41
45 years$842$496$280$153$81$36
46 years$814$473$263$141$74$32
47 years$788$451$247$130$67$29
48 years$763$431$232$120$61$25
49 years$739$411$218$111$55$23
50 years$716$393$205$103$50$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $733,000, adding $4,655 every year, while hoping to spend $21,714 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: 64/31/5 Blend
53$733,000$733,000$733,000$733,000
54$812,568$773,719$762,357$863,694
55$872,346$788,527$764,793$913,088
56$937,494$803,334$766,582$964,003
57$1,008,536$818,115$767,680$1,019,033
58$1,086,051$832,847$768,041$1,078,575
59$1,170,673$847,501$767,616$1,143,066
60$1,263,103$862,050$766,352$1,212,988
61$1,364,110$876,461$764,196$1,288,872
62$1,474,544$890,703$761,091$1,371,302
63$1,595,338$904,737$756,978$1,460,921
64$1,727,521$918,527$751,795$1,558,439
65$1,872,223$932,031$745,475$1,664,639
66$2,030,693$945,204$737,952$1,780,381
67$2,204,304$957,998$729,153$1,906,615
68$2,394,566$970,364$719,003$2,044,387
69$2,603,147$982,246$707,425$2,194,850
70$2,831,879$993,587$694,334$2,359,274
71$3,082,783$1,004,325$679,647$2,539,059
72$3,358,083$1,014,394$663,272$2,735,750
73$3,660,232$1,023,723$645,115$2,951,046
74$3,991,927$1,032,238$625,079$3,186,822
75$4,356,144$1,039,858$603,059$3,445,145
76$4,756,158$1,046,498$578,948$3,728,291
77$5,195,577$1,052,067$552,634$4,038,770
78$5,678,377$1,056,470$523,999$4,379,350
79$6,208,937$1,059,603$492,919$4,753,078
80$6,792,083$1,061,357$459,266$5,163,316
81$7,433,129$1,061,617$422,905$5,613,769
82$8,137,932$1,060,260$383,696$6,108,519
83$8,912,944$1,057,156$341,492$6,652,067
84$9,765,272$1,052,164$296,140$7,249,373
85$10,702,749$1,045,140$247,480$7,905,905
86$11,734,003$1,035,926$195,345$8,627,689
87$12,868,542$1,024,356$139,559$9,421,368
88$14,116,841$1,010,257$79,942$10,294,263
89$15,490,440$993,441$16,301$11,254,445
90$17,002,058$973,713$0$12,310,808
91$18,665,706$950,863$0$13,475,910
92$20,496,823$924,670$0$14,758,911
93$22,512,422$894,902$0$16,170,862
94$24,731,247$861,310$0$17,724,903
95$27,173,952$823,632$0$19,435,516
96$29,863,297$781,592$0$21,318,663
97$32,824,360$734,897$0$23,391,935
98$36,084,774$683,236$0$25,674,722
99$39,674,988$626,282$0$28,188,392
100$43,628,556$563,688$0$30,956,496