Can I retire at age 54 with 735,000?

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 $735,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$60,696$60,155$59,627$59,113$58,610$58,046
2 years$30,047$29,488$28,945$28,420$27,909$27,342
3 years$19,833$19,271$18,730$18,209$17,707$17,152
4 years$14,726$14,166$13,630$13,118$12,629$12,092
5 years$11,663$11,106$10,578$10,076$9,600$9,083
6 years$9,622$9,069$8,548$8,058$7,596$7,099
7 years$8,164$7,616$7,104$6,625$6,178$5,700
8 years$7,072$6,528$6,025$5,557$5,125$4,668
9 years$6,222$5,684$5,189$4,734$4,316$3,879
10 years$5,543$5,010$4,524$4,081$3,678$3,260
11 years$4,988$4,460$3,983$3,551$3,163$2,765
12 years$4,525$4,003$3,535$3,115$2,741$2,362
13 years$4,134$3,618$3,158$2,750$2,390$2,030
14 years$3,800$3,289$2,837$2,441$2,095$1,753
15 years$3,510$3,004$2,562$2,177$1,845$1,520
16 years$3,256$2,756$2,323$1,949$1,630$1,323
17 years$3,033$2,538$2,113$1,751$1,446$1,154
18 years$2,835$2,346$1,929$1,578$1,285$1,010
19 years$2,657$2,174$1,766$1,426$1,146$886
20 years$2,498$2,020$1,621$1,292$1,023$778
21 years$2,354$1,882$1,491$1,172$916$685
22 years$2,223$1,756$1,374$1,066$821$603
23 years$2,104$1,643$1,269$971$737$532
24 years$1,995$1,539$1,173$885$662$470
25 years$1,895$1,444$1,087$809$596$416
26 years$1,803$1,358$1,008$739$537$368
27 years$1,717$1,278$936$677$484$326
28 years$1,638$1,204$870$620$437$289
29 years$1,565$1,136$810$569$394$256
30 years$1,496$1,073$754$522$356$227
31 years$1,432$1,014$703$479$322$201
32 years$1,372$959$656$440$291$179
33 years$1,316$909$613$405$264$159
34 years$1,264$861$572$373$239$141
35 years$1,214$817$535$343$216$125
36 years$1,167$775$501$316$196$111
37 years$1,123$736$469$291$178$99
38 years$1,082$700$439$268$161$88
39 years$1,042$665$411$247$146$78
40 years$1,005$633$385$228$132$70
41 years$969$603$361$211$120$62
42 years$936$574$339$194$109$55
43 years$904$547$318$179$99$49
44 years$873$521$298$166$90$44
45 years$844$497$280$153$82$39
46 years$817$474$263$141$74$35
47 years$790$452$247$131$67$31
48 years$765$432$232$121$61$27
49 years$741$412$218$111$55$24
50 years$718$394$205$103$50$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $735,000, adding $3,122 every year, while hoping to spend $38,672 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: 52/23/25 Blend
53$735,000$735,000$735,000$735,000
54$813,190$774,235$762,843$849,656
55$854,989$771,026$747,251$872,030
56$899,755$766,364$729,841$892,154
57$947,750$760,136$710,511$913,257
58$999,262$752,223$689,155$935,449
59$1,054,605$742,501$665,660$958,850
60$1,114,127$730,835$639,911$983,597
61$1,178,205$717,084$611,786$1,009,842
62$1,247,259$701,097$581,157$1,037,755
63$1,321,745$682,717$547,892$1,067,527
64$1,402,168$661,776$511,852$1,099,369
65$1,489,081$638,094$472,890$1,133,517
66$1,583,092$611,485$430,856$1,170,237
67$1,684,868$581,749$385,591$1,209,822
68$1,795,146$548,675$336,929$1,252,599
69$1,914,731$512,041$284,697$1,298,933
70$2,044,514$471,612$228,715$1,349,231
71$2,185,471$427,137$168,793$1,403,942
72$2,338,676$378,354$104,735$1,463,568
73$2,505,312$324,984$36,335$1,528,668
74$2,686,680$266,735$0$1,599,859
75$2,884,211$203,294$0$1,687,610
76$3,099,481$134,336$0$1,793,883
77$3,334,221$59,512$0$1,909,884
78$3,590,341$0$0$2,036,619
79$3,869,940$0$0$2,180,649
80$4,175,330$0$0$2,354,485
81$4,509,055$0$0$2,544,521
82$4,873,918$0$0$2,752,362
83$5,273,001$0$0$2,979,775
84$5,709,703$0$0$3,228,703
85$6,187,762$0$0$3,501,290
86$6,711,296$0$0$3,799,893
87$7,284,842$0$0$4,127,110
88$7,913,392$0$0$4,485,801
89$8,602,447$0$0$4,879,118
90$9,358,065$0$0$5,310,529
91$10,186,919$0$0$5,783,857
92$11,096,358$0$0$6,303,311
93$12,094,476$0$0$6,873,529
94$13,190,190$0$0$7,499,619
95$14,393,322$0$0$8,187,207
96$15,714,692$0$0$8,942,491
97$17,166,220$0$0$9,772,301
98$18,761,035$0$0$10,684,158
99$20,513,603$0$0$11,686,350
100$22,439,859$0$0$12,788,006