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%12.4%
1 years$61,026$60,482$59,952$59,434$58,929$58,338
2 years$30,211$29,648$29,103$28,574$28,061$27,466
3 years$19,941$19,375$18,832$18,308$17,803$17,222
4 years$14,806$14,243$13,705$13,190$12,697$12,135
5 years$11,727$11,167$10,635$10,131$9,652$9,110
6 years$9,674$9,118$8,595$8,102$7,638$7,116
7 years$8,209$7,658$7,142$6,661$6,211$5,712
8 years$7,110$6,564$6,057$5,588$5,153$4,674
9 years$6,256$5,715$5,217$4,759$4,340$3,882
10 years$5,573$5,038$4,548$4,103$3,698$3,261
11 years$5,015$4,485$4,004$3,571$3,180$2,763
12 years$4,550$4,025$3,554$3,132$2,756$2,359
13 years$4,157$3,638$3,175$2,765$2,403$2,026
14 years$3,820$3,307$2,853$2,454$2,106$1,748
15 years$3,529$3,021$2,576$2,189$1,855$1,515
16 years$3,274$2,771$2,335$1,960$1,639$1,318
17 years$3,049$2,552$2,125$1,761$1,453$1,149
18 years$2,850$2,358$1,940$1,587$1,292$1,005
19 years$2,672$2,186$1,776$1,434$1,152$880
20 years$2,512$2,031$1,630$1,299$1,029$773
21 years$2,367$1,892$1,499$1,179$921$680
22 years$2,235$1,766$1,382$1,072$825$598
23 years$2,116$1,652$1,276$976$741$528
24 years$2,006$1,548$1,180$890$666$466
25 years$1,905$1,452$1,093$813$599$411
26 years$1,812$1,365$1,013$743$540$364
27 years$1,727$1,285$941$680$487$322
28 years$1,647$1,210$875$623$439$285
29 years$1,573$1,142$814$572$396$252
30 years$1,504$1,078$758$525$358$224
31 years$1,440$1,019$707$482$324$198
32 years$1,380$965$660$443$293$176
33 years$1,323$913$616$407$265$156
34 years$1,270$866$575$375$240$139
35 years$1,221$821$538$345$217$123
36 years$1,174$779$503$318$197$109
37 years$1,129$740$471$293$179$97
38 years$1,088$704$441$270$162$86
39 years$1,048$669$413$249$147$77
40 years$1,010$636$387$229$133$68
41 years$975$606$363$212$121$60
42 years$941$577$341$195$110$54
43 years$909$550$320$180$99$48
44 years$878$524$300$167$90$42
45 years$849$500$282$154$82$38
46 years$821$477$265$142$74$34
47 years$794$455$249$131$68$30
48 years$769$434$234$121$61$27
49 years$745$415$220$112$56$24
50 years$722$396$206$104$51$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $739,000, adding $2,231 every year, while hoping to spend $40,097 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: 24/46/30 Blend
53$739,000$739,000$739,000$739,000
54$816,679$777,512$766,058$828,561
55$857,318$772,947$749,058$834,402
56$900,757$766,815$730,144$837,144
57$947,242$758,996$709,211$839,254
58$997,037$749,364$686,147$840,707
59$1,050,437$737,785$660,835$841,479
60$1,107,763$724,117$633,154$841,549
61$1,169,366$708,211$602,976$840,899
62$1,235,634$689,906$570,169$839,514
63$1,306,992$669,034$534,592$837,380
64$1,383,906$645,418$496,102$834,490
65$1,466,888$618,867$454,546$830,843
66$1,556,503$589,183$409,764$826,440
67$1,653,367$556,155$361,593$821,294
68$1,758,162$519,558$309,858$815,421
69$1,871,635$479,156$254,378$808,851
70$1,994,608$434,701$194,966$801,621
71$2,127,984$385,927$131,423$793,781
72$2,272,756$332,556$63,544$785,397
73$2,430,019$274,293$0$776,549
74$2,600,974$210,826$0$770,182
75$2,786,944$141,827$0$785,459
76$2,989,384$66,948$0$802,236
77$3,209,895$0$0$820,759
78$3,450,239$0$0$848,481
79$3,712,356$0$0$915,789
80$3,998,380$0$0$989,356
81$4,310,661$0$0$1,069,801
82$4,651,784$0$0$1,157,808
83$5,024,597$0$0$1,254,126
84$5,432,234$0$0$1,359,582
85$5,878,147$0$0$1,475,087
86$6,366,135$0$0$1,601,644
87$6,900,383$0$0$1,740,357
88$7,485,500$0$0$1,892,442
89$8,126,558$0$0$2,059,238
90$8,829,146$0$0$2,242,221
91$9,599,420$0$0$2,443,017
92$10,444,156$0$0$2,663,414
93$11,370,823$0$0$2,905,384
94$12,387,642$0$0$3,171,101
95$13,503,672$0$0$3,462,955
96$14,728,891$0$0$3,783,583
97$16,074,289$0$0$4,135,889
98$17,551,973$0$0$4,523,071
99$19,175,282$0$0$4,948,652
100$20,958,909$0$0$5,416,517