Can I retire at age 54 with 738,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $738,000?

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$60,943$60,400$59,871$59,354$58,849$56,761
2 years$30,170$29,608$29,064$28,536$28,023$25,942
3 years$19,914$19,349$18,806$18,283$17,779$15,770
4 years$14,786$14,224$13,686$13,172$12,680$10,758
5 years$11,711$11,152$10,621$10,117$9,639$7,810
6 years$9,661$9,106$8,583$8,091$7,627$5,892
7 years$8,198$7,647$7,133$6,652$6,203$4,561
8 years$7,100$6,555$6,049$5,580$5,146$3,596
9 years$6,248$5,707$5,210$4,753$4,334$2,874
10 years$5,566$5,031$4,542$4,097$3,693$2,320
11 years$5,008$4,479$3,999$3,566$3,176$1,888
12 years$4,544$4,020$3,549$3,128$2,752$1,546
13 years$4,151$3,633$3,171$2,761$2,400$1,272
14 years$3,815$3,302$2,849$2,451$2,104$1,051
15 years$3,524$3,016$2,572$2,186$1,852$871
16 years$3,270$2,768$2,332$1,957$1,637$724
17 years$3,045$2,549$2,122$1,759$1,451$603
18 years$2,846$2,355$1,937$1,585$1,291$503
19 years$2,668$2,183$1,773$1,432$1,150$420
20 years$2,508$2,028$1,628$1,297$1,027$352
21 years$2,364$1,889$1,497$1,177$919$294
22 years$2,232$1,764$1,380$1,070$824$247
23 years$2,113$1,649$1,274$975$740$207
24 years$2,003$1,545$1,178$889$665$174
25 years$1,903$1,450$1,091$812$598$146
26 years$1,810$1,363$1,012$742$539$122
27 years$1,724$1,283$940$679$486$103
28 years$1,645$1,209$874$623$438$86
29 years$1,571$1,140$813$571$396$73
30 years$1,502$1,077$757$524$358$61
31 years$1,438$1,018$706$481$323$51
32 years$1,378$963$659$442$293$43
33 years$1,322$912$615$407$265$36
34 years$1,269$865$575$374$240$31
35 years$1,219$820$537$344$217$26
36 years$1,172$778$503$317$197$22
37 years$1,128$739$470$292$178$18
38 years$1,086$703$441$269$162$15
39 years$1,046$668$413$248$147$13
40 years$1,009$636$387$229$133$11
41 years$973$605$363$211$121$9
42 years$940$576$340$195$109$8
43 years$907$549$319$180$99$6
44 years$877$523$300$166$90$5
45 years$848$499$281$154$82$5
46 years$820$476$264$142$74$4
47 years$793$454$248$131$67$3
48 years$768$434$233$121$61$3
49 years$744$414$219$112$56$2
50 years$721$396$206$103$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $738,000, adding $2,713 every year, while hoping to spend $47,372 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: 77/12/11 Blend
53$738,000$738,000$738,000$738,000
54$816,074$776,960$765,521$877,057
55$848,911$764,628$740,763$905,240
56$883,508$750,104$713,587$929,820
57$919,997$733,230$683,864$955,424
58$958,519$713,840$651,455$982,134
59$999,227$691,757$616,218$1,010,045
60$1,042,290$666,795$578,003$1,039,257
61$1,087,892$638,756$536,654$1,069,885
62$1,136,232$607,431$492,007$1,102,053
63$1,187,530$572,598$443,892$1,135,901
64$1,242,026$534,023$392,131$1,171,582
65$1,299,982$491,459$336,536$1,209,266
66$1,361,684$444,644$276,914$1,249,143
67$1,427,447$393,303$213,062$1,291,420
68$1,497,614$337,142$144,766$1,336,328
69$1,572,561$275,853$71,807$1,384,124
70$1,652,703$209,110$0$1,435,091
71$1,738,490$136,568$0$1,490,252
72$1,830,420$57,864$0$1,558,284
73$1,929,037$0$0$1,631,165
74$2,034,938$0$0$1,712,965
75$2,148,780$0$0$1,809,130
76$2,271,280$0$0$1,912,630
77$2,403,230$0$0$2,024,133
78$2,545,498$0$0$2,144,378
79$2,699,038$0$0$2,274,171
80$2,864,896$0$0$2,414,402
81$3,044,224$0$0$2,566,047
82$3,238,288$0$0$2,730,179
83$3,448,477$0$0$2,907,978
84$3,676,323$0$0$3,100,741
85$3,923,506$0$0$3,309,895
86$4,191,876$0$0$3,537,008
87$4,483,467$0$0$3,783,806
88$4,800,518$0$0$4,052,187
89$5,145,488$0$0$4,344,239
90$5,521,089$0$0$4,662,261
91$5,930,300$0$0$5,008,781
92$6,376,401$0$0$5,386,581
93$6,863,002$0$0$5,798,724
94$7,394,078$0$0$6,248,581
95$7,974,001$0$0$6,739,863
96$8,607,587$0$0$7,276,655
97$9,300,136$0$0$7,863,453
98$10,057,484$0$0$8,505,208
99$10,886,056$0$0$9,207,373
100$11,792,929$0$0$9,975,949