Can I retire at age 54 with 736,000?

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 $736,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$60,778$60,237$59,709$59,193$58,690$57,575
2 years$30,088$29,528$28,985$28,458$27,947$26,829
3 years$19,860$19,297$18,755$18,233$17,731$16,644
4 years$14,746$14,185$13,649$13,136$12,646$11,598
5 years$11,679$11,121$10,592$10,090$9,613$8,607
6 years$9,635$9,081$8,560$8,069$7,607$6,644
7 years$8,175$7,627$7,113$6,634$6,186$5,267
8 years$7,081$6,537$6,033$5,565$5,132$4,256
9 years$6,231$5,692$5,196$4,740$4,322$3,489
10 years$5,551$5,017$4,530$4,086$3,683$2,892
11 years$4,995$4,467$3,988$3,556$3,167$2,417
12 years$4,532$4,009$3,539$3,119$2,745$2,035
13 years$4,140$3,623$3,162$2,754$2,393$1,722
14 years$3,805$3,293$2,841$2,444$2,098$1,465
15 years$3,515$3,008$2,565$2,180$1,847$1,250
16 years$3,261$2,760$2,326$1,952$1,633$1,071
17 years$3,037$2,542$2,116$1,754$1,448$919
18 years$2,838$2,349$1,932$1,581$1,287$791
19 years$2,661$2,177$1,769$1,428$1,147$682
20 years$2,501$2,023$1,623$1,293$1,025$589
21 years$2,357$1,884$1,493$1,174$917$510
22 years$2,226$1,759$1,376$1,067$822$441
23 years$2,107$1,645$1,271$972$738$383
24 years$1,998$1,541$1,175$887$663$332
25 years$1,898$1,446$1,088$810$597$288
26 years$1,805$1,359$1,009$740$538$250
27 years$1,720$1,279$937$678$485$218
28 years$1,640$1,206$871$621$437$189
29 years$1,567$1,137$811$569$395$165
30 years$1,498$1,074$755$523$357$143
31 years$1,434$1,015$704$480$323$125
32 years$1,374$961$657$441$292$109
33 years$1,318$910$613$406$264$95
34 years$1,265$862$573$373$239$83
35 years$1,216$818$536$344$217$72
36 years$1,169$776$501$316$196$63
37 years$1,125$737$469$291$178$55
38 years$1,083$701$439$269$161$48
39 years$1,044$666$412$248$146$42
40 years$1,006$634$386$228$133$36
41 years$971$603$362$211$120$32
42 years$937$575$339$195$109$28
43 years$905$548$318$180$99$24
44 years$874$522$299$166$90$21
45 years$845$498$281$153$82$18
46 years$818$475$264$141$74$16
47 years$791$453$248$131$67$14
48 years$766$433$233$121$61$12
49 years$742$413$219$112$56$11
50 years$719$395$206$103$50$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $736,000, adding $3,534 every year, while hoping to spend $30,945 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: 74/18/8 Blend
53$736,000$736,000$736,000$736,000
54$814,717$775,709$764,301$873,730
55$864,893$780,794$756,980$918,184
56$919,150$785,090$748,377$962,619
57$977,871$788,528$738,415$1,010,423
58$1,041,478$791,030$727,016$1,061,920
59$1,110,435$792,516$714,097$1,117,464
60$1,185,251$792,901$699,571$1,177,449
61$1,266,488$792,094$683,348$1,242,307
62$1,354,761$789,998$665,331$1,312,516
63$1,450,749$786,511$645,423$1,388,600
64$1,555,199$781,524$623,518$1,471,140
65$1,668,932$774,921$599,509$1,560,774
66$1,792,852$766,581$573,281$1,658,208
67$1,927,952$756,373$544,715$1,764,217
68$2,075,328$744,160$513,688$1,879,658
69$2,236,184$729,796$480,069$2,005,477
70$2,411,846$713,127$443,723$2,142,712
71$2,603,775$693,991$404,507$2,292,514
72$2,813,576$672,213$362,275$2,456,147
73$3,043,020$647,610$316,870$2,635,008
74$3,294,055$619,990$268,132$2,830,634
75$3,568,826$589,147$215,892$3,044,724
76$3,869,695$554,864$159,973$3,279,147
77$4,199,263$516,911$100,191$3,535,968
78$4,560,395$475,047$36,355$3,817,460
79$4,956,246$429,016$0$4,126,131
80$5,390,291$378,545$0$4,467,459
81$5,866,356$323,349$0$4,845,268
82$6,388,657$263,126$0$5,259,833
83$6,961,837$197,556$0$5,714,879
84$7,591,009$126,301$0$6,214,513
85$8,281,808$49,005$0$6,763,261
86$9,040,438$0$0$7,366,113
87$9,873,736$0$0$8,035,444
88$10,789,232$0$0$8,781,496
89$11,795,222$0$0$9,601,329
90$12,900,847$0$0$10,502,394
91$14,116,174$0$0$11,492,903
92$15,452,297$0$0$12,581,900
93$16,921,438$0$0$13,779,351
94$18,537,060$0$0$15,096,237
95$20,313,999$0$0$16,544,654
96$22,268,600$0$0$18,137,930
97$24,418,871$0$0$19,890,751
98$26,784,655$0$0$21,819,296
99$29,387,813$0$0$23,941,393
100$32,252,433$0$0$26,276,685