Can I retire at age 54 with 739,000?

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 $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%20%
1 years$61,026$60,482$59,952$59,434$58,929$56,568
2 years$30,211$29,648$29,103$28,574$28,061$25,713
3 years$19,941$19,375$18,832$18,308$17,803$15,541
4 years$14,806$14,243$13,705$13,190$12,697$10,538
5 years$11,727$11,167$10,635$10,131$9,652$7,602
6 years$9,674$9,118$8,595$8,102$7,638$5,697
7 years$8,209$7,658$7,142$6,661$6,211$4,380
8 years$7,110$6,564$6,057$5,588$5,153$3,429
9 years$6,256$5,715$5,217$4,759$4,340$2,720
10 years$5,573$5,038$4,548$4,103$3,698$2,179
11 years$5,015$4,485$4,004$3,571$3,180$1,759
12 years$4,550$4,025$3,554$3,132$2,756$1,429
13 years$4,157$3,638$3,175$2,765$2,403$1,166
14 years$3,820$3,307$2,853$2,454$2,106$956
15 years$3,529$3,021$2,576$2,189$1,855$785
16 years$3,274$2,771$2,335$1,960$1,639$647
17 years$3,049$2,552$2,125$1,761$1,453$534
18 years$2,850$2,358$1,940$1,587$1,292$442
19 years$2,672$2,186$1,776$1,434$1,152$366
20 years$2,512$2,031$1,630$1,299$1,029$303
21 years$2,367$1,892$1,499$1,179$921$251
22 years$2,235$1,766$1,382$1,072$825$209
23 years$2,116$1,652$1,276$976$741$173
24 years$2,006$1,548$1,180$890$666$144
25 years$1,905$1,452$1,093$813$599$120
26 years$1,812$1,365$1,013$743$540$100
27 years$1,727$1,285$941$680$487$83
28 years$1,647$1,210$875$623$439$69
29 years$1,573$1,142$814$572$396$57
30 years$1,504$1,078$758$525$358$48
31 years$1,440$1,019$707$482$324$40
32 years$1,380$965$660$443$293$33
33 years$1,323$913$616$407$265$28
34 years$1,270$866$575$375$240$23
35 years$1,221$821$538$345$217$19
36 years$1,174$779$503$318$197$16
37 years$1,129$740$471$293$179$13
38 years$1,088$704$441$270$162$11
39 years$1,048$669$413$249$147$9
40 years$1,010$636$387$229$133$8
41 years$975$606$363$212$121$6
42 years$941$577$341$195$110$5
43 years$909$550$320$180$99$4
44 years$878$524$300$167$90$4
45 years$849$500$282$154$82$3
46 years$821$477$265$142$74$3
47 years$794$455$249$131$68$2
48 years$769$434$234$121$61$2
49 years$745$415$220$112$56$1
50 years$722$396$206$104$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $739,000, adding $3,019 every year, while hoping to spend $59,175 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: 46/30/24 Blend
53$739,000$739,000$739,000$739,000
54$817,492$778,325$766,871$849,340
55$837,915$753,501$729,599$847,238
56$858,437$725,478$689,096$838,914
57$879,007$694,035$645,189$828,698
58$899,564$658,942$597,702$816,444
59$920,042$619,953$546,448$801,993
60$940,363$576,807$491,231$785,177
61$960,442$529,232$431,848$765,815
62$980,179$476,937$368,087$743,714
63$999,465$419,614$299,726$718,666
64$1,018,177$356,942$226,533$690,451
65$1,036,175$288,576$148,266$658,829
66$1,053,305$214,156$64,673$623,547
67$1,069,392$133,300$0$584,330
68$1,084,243$45,604$0$547,168
69$1,097,640$0$0$523,545
70$1,109,342$0$0$512,913
71$1,119,080$0$0$516,292
72$1,126,553$0$0$518,474
73$1,131,428$0$0$519,289
74$1,133,335$0$0$518,546
75$1,131,861$0$0$516,036
76$1,126,549$0$0$511,525
77$1,116,891$0$0$504,753
78$1,102,323$0$0$495,434
79$1,082,223$0$0$483,249
80$1,055,898$0$0$467,845
81$1,022,580$0$0$448,833
82$981,423$0$0$425,779
83$931,485$0$0$398,205
84$871,727$0$0$365,582
85$800,999$0$0$327,325
86$718,028$0$0$282,786
87$621,406$0$0$231,249
88$509,579$0$0$171,923
89$380,826$0$0$103,934
90$233,247$0$0$26,316
91$64,742$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0