Can I retire at age 54 with 739,000?

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 $739,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$61,026$60,482$59,952$59,434$58,929$57,365
2 years$30,211$29,648$29,103$28,574$28,061$26,496
3 years$19,941$19,375$18,832$18,308$17,803$16,286
4 years$14,806$14,243$13,705$13,190$12,697$11,241
5 years$11,727$11,167$10,635$10,131$9,652$8,259
6 years$9,674$9,118$8,595$8,102$7,638$6,310
7 years$8,209$7,658$7,142$6,661$6,211$4,949
8 years$7,110$6,564$6,057$5,588$5,153$3,955
9 years$6,256$5,715$5,217$4,759$4,340$3,205
10 years$5,573$5,038$4,548$4,103$3,698$2,625
11 years$5,015$4,485$4,004$3,571$3,180$2,168
12 years$4,550$4,025$3,554$3,132$2,756$1,803
13 years$4,157$3,638$3,175$2,765$2,403$1,507
14 years$3,820$3,307$2,853$2,454$2,106$1,265
15 years$3,529$3,021$2,576$2,189$1,855$1,066
16 years$3,274$2,771$2,335$1,960$1,639$900
17 years$3,049$2,552$2,125$1,761$1,453$762
18 years$2,850$2,358$1,940$1,587$1,292$647
19 years$2,672$2,186$1,776$1,434$1,152$550
20 years$2,512$2,031$1,630$1,299$1,029$468
21 years$2,367$1,892$1,499$1,179$921$399
22 years$2,235$1,766$1,382$1,072$825$341
23 years$2,116$1,652$1,276$976$741$291
24 years$2,006$1,548$1,180$890$666$249
25 years$1,905$1,452$1,093$813$599$213
26 years$1,812$1,365$1,013$743$540$182
27 years$1,727$1,285$941$680$487$156
28 years$1,647$1,210$875$623$439$133
29 years$1,573$1,142$814$572$396$114
30 years$1,504$1,078$758$525$358$98
31 years$1,440$1,019$707$482$324$84
32 years$1,380$965$660$443$293$72
33 years$1,323$913$616$407$265$62
34 years$1,270$866$575$375$240$53
35 years$1,221$821$538$345$217$45
36 years$1,174$779$503$318$197$39
37 years$1,129$740$471$293$179$33
38 years$1,088$704$441$270$162$29
39 years$1,048$669$413$249$147$25
40 years$1,010$636$387$229$133$21
41 years$975$606$363$212$121$18
42 years$941$577$341$195$110$16
43 years$909$550$320$180$99$13
44 years$878$524$300$167$90$11
45 years$849$500$282$154$82$10
46 years$821$477$265$142$74$8
47 years$794$455$249$131$68$7
48 years$769$434$234$121$61$6
49 years$745$415$220$112$56$5
50 years$722$396$206$104$51$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $739,000, adding $6,433 every year, while hoping to spend $29,496 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: 63/24/13 Blend
53$739,000$739,000$739,000$739,000
54$821,014$781,847$770,392$869,807
55$873,374$788,774$764,817$910,209
56$930,086$795,051$758,066$950,335
57$991,562$800,617$750,069$993,425
58$1,058,258$805,404$740,753$1,039,767
59$1,130,672$809,340$730,040$1,089,680
60$1,209,353$812,350$717,848$1,143,514
61$1,294,904$814,353$704,094$1,201,659
62$1,387,992$815,263$688,688$1,264,540
63$1,489,346$814,990$671,538$1,332,632
64$1,599,771$813,436$652,546$1,406,455
65$1,720,152$810,499$631,611$1,486,584
66$1,851,464$806,071$608,627$1,573,654
67$1,994,780$800,034$583,483$1,668,366
68$2,151,280$792,268$556,061$1,771,494
69$2,322,263$782,642$526,242$1,883,889
70$2,509,160$771,018$493,898$2,006,495
71$2,713,547$757,250$458,895$2,140,350
72$2,937,157$741,184$421,097$2,286,601
73$3,181,901$722,655$380,357$2,446,513
74$3,449,881$701,491$336,525$2,621,483
75$3,743,412$677,508$289,443$2,813,049
76$4,065,046$650,512$238,945$3,022,913
77$4,417,590$620,297$184,859$3,252,949
78$4,804,138$586,645$127,006$3,505,226
79$5,228,097$549,327$65,197$3,782,026
80$5,693,218$508,099$0$4,085,867
81$6,203,635$462,704$0$4,419,632
82$6,763,900$412,871$0$4,795,936
83$7,379,028$358,313$0$5,209,136
84$8,054,544$298,725$0$5,662,990
85$8,796,532$233,787$0$6,161,643
86$9,611,697$163,161$0$6,709,663
87$10,507,422$86,488$0$7,312,087
88$11,491,845$3,391$0$7,974,467
89$12,573,927$0$0$8,702,927
90$13,763,544$0$0$9,527,068
91$15,071,575$0$0$10,434,287
92$16,510,006$0$0$11,432,009
93$18,092,043$0$0$12,529,401
94$19,832,235$0$0$13,736,564
95$21,746,612$0$0$15,064,627
96$23,852,839$0$0$16,525,851
97$26,170,374$0$0$18,133,745
98$28,720,661$0$0$19,903,195
99$31,527,326$0$0$21,850,604
100$34,616,402$0$0$23,994,042