Can I retire at age 54 with 734,000?

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 $734,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$60,613$60,073$59,546$59,032$58,530$56,453
2 years$30,006$29,448$28,906$28,381$27,872$25,801
3 years$19,806$19,244$18,704$18,184$17,683$15,684
4 years$14,706$14,147$13,612$13,100$12,612$10,700
5 years$11,647$11,091$10,563$10,062$9,587$7,767
6 years$9,609$9,057$8,537$8,047$7,586$5,860
7 years$8,153$7,606$7,094$6,616$6,169$4,536
8 years$7,062$6,520$6,016$5,550$5,118$3,576
9 years$6,214$5,676$5,182$4,727$4,310$2,858
10 years$5,536$5,004$4,518$4,075$3,672$2,307
11 years$4,981$4,454$3,977$3,546$3,158$1,878
12 years$4,519$3,998$3,530$3,111$2,737$1,537
13 years$4,129$3,613$3,154$2,746$2,387$1,265
14 years$3,794$3,284$2,834$2,438$2,092$1,045
15 years$3,505$3,000$2,558$2,174$1,842$866
16 years$3,252$2,753$2,319$1,947$1,628$720
17 years$3,029$2,535$2,111$1,749$1,444$600
18 years$2,831$2,342$1,927$1,576$1,284$500
19 years$2,654$2,171$1,764$1,424$1,144$418
20 years$2,495$2,017$1,619$1,290$1,022$350
21 years$2,351$1,879$1,489$1,171$914$293
22 years$2,220$1,754$1,372$1,064$820$245
23 years$2,101$1,641$1,267$969$736$206
24 years$1,992$1,537$1,172$884$661$173
25 years$1,892$1,442$1,085$807$595$145
26 years$1,800$1,356$1,007$738$536$122
27 years$1,715$1,276$935$676$483$102
28 years$1,636$1,202$869$619$436$86
29 years$1,563$1,134$809$568$394$72
30 years$1,494$1,071$753$521$356$61
31 years$1,430$1,013$702$479$322$51
32 years$1,370$958$655$440$291$43
33 years$1,314$907$612$404$263$36
34 years$1,262$860$572$372$238$30
35 years$1,212$816$534$343$216$26
36 years$1,166$774$500$316$196$22
37 years$1,122$735$468$291$177$18
38 years$1,080$699$438$268$161$15
39 years$1,041$664$410$247$146$13
40 years$1,003$632$385$228$132$11
41 years$968$602$361$210$120$9
42 years$934$573$338$194$109$8
43 years$903$546$318$179$99$6
44 years$872$521$298$165$90$5
45 years$843$496$280$153$81$5
46 years$815$473$263$141$74$4
47 years$789$452$247$130$67$3
48 years$764$431$232$120$61$3
49 years$740$412$218$111$55$2
50 years$717$393$205$103$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $734,000, adding $2,722 every year, while hoping to spend $38,356 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: 39/44/17 Blend
53$734,000$734,000$734,000$734,000
54$811,676$772,774$761,397$839,109
55$853,656$769,829$746,093$856,027
56$898,633$765,455$728,991$870,420
57$946,872$759,540$709,990$885,172
58$998,663$751,968$688,985$900,337
59$1,054,326$742,613$665,865$915,975
60$1,114,211$731,345$640,516$932,155
61$1,178,703$718,024$612,816$948,958
62$1,248,225$702,502$582,640$966,475
63$1,323,241$684,621$549,855$984,809
64$1,404,261$664,217$514,325$1,004,080
65$1,491,846$641,114$475,905$1,024,423
66$1,586,612$615,126$434,445$1,045,989
67$1,689,235$586,056$389,788$1,068,952
68$1,800,461$553,697$341,770$1,093,508
69$1,921,108$517,828$290,219$1,119,875
70$2,052,076$478,217$234,956$1,148,304
71$2,194,356$434,618$175,796$1,179,073
72$2,349,038$386,771$112,542$1,212,495
73$2,517,318$334,402$44,991$1,248,925
74$2,700,517$277,220$0$1,288,757
75$2,900,085$214,918$0$1,337,350
76$3,117,618$147,174$0$1,399,314
77$3,354,874$73,644$0$1,467,075
78$3,613,786$0$0$1,541,299
79$3,896,485$0$0$1,625,645
80$4,205,312$0$0$1,756,830
81$4,542,849$0$0$1,900,304
82$4,911,934$0$0$2,057,288
83$5,315,697$0$0$2,229,124
84$5,757,580$0$0$2,417,289
85$6,241,375$0$0$2,623,413
86$6,771,258$0$0$2,849,287
87$7,351,826$0$0$3,096,887
88$7,988,144$0$0$3,368,386
89$8,685,789$0$0$3,666,180
90$9,450,904$0$0$3,992,907
91$10,290,254$0$0$4,351,472
92$11,211,292$0$0$4,745,077
93$12,222,226$0$0$5,177,247
94$13,332,097$0$0$5,651,865
95$14,550,867$0$0$6,173,211
96$15,889,506$0$0$6,745,997
97$17,360,101$0$0$7,375,415
98$18,975,968$0$0$8,067,185
99$20,751,775$0$0$8,827,610
100$22,703,683$0$0$9,663,632