Can I retire at age 54 with 741,000?

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 $741,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$61,191$60,646$60,114$59,595$59,088$58,716
2 years$30,293$29,728$29,182$28,652$28,137$27,762
3 years$19,994$19,428$18,882$18,357$17,851$17,484
4 years$14,846$14,282$13,742$13,225$12,732$12,376
5 years$11,758$11,197$10,664$10,158$9,679$9,335
6 years$9,700$9,143$8,618$8,124$7,658$7,327
7 years$8,231$7,678$7,162$6,679$6,228$5,910
8 years$7,129$6,582$6,074$5,603$5,167$4,862
9 years$6,273$5,731$5,231$4,772$4,351$4,059
10 years$5,588$5,051$4,561$4,114$3,708$3,428
11 years$5,029$4,497$4,015$3,580$3,189$2,921
12 years$4,562$4,036$3,563$3,140$2,763$2,508
13 years$4,168$3,647$3,184$2,772$2,410$2,166
14 years$3,831$3,315$2,861$2,461$2,112$1,881
15 years$3,538$3,029$2,583$2,195$1,860$1,640
16 years$3,283$2,779$2,342$1,965$1,644$1,435
17 years$3,058$2,559$2,131$1,766$1,457$1,259
18 years$2,858$2,365$1,945$1,591$1,296$1,108
19 years$2,679$2,192$1,781$1,438$1,155$977
20 years$2,518$2,037$1,634$1,302$1,032$863
21 years$2,373$1,897$1,503$1,182$923$764
22 years$2,242$1,771$1,385$1,075$828$678
23 years$2,121$1,656$1,279$979$743$601
24 years$2,011$1,552$1,183$893$668$534
25 years$1,910$1,456$1,096$815$601$475
26 years$1,817$1,369$1,016$745$541$423
27 years$1,731$1,288$944$682$488$377
28 years$1,652$1,214$877$625$440$336
29 years$1,577$1,145$816$573$398$300
30 years$1,508$1,081$760$526$359$268
31 years$1,444$1,022$709$483$325$239
32 years$1,384$967$661$444$294$214
33 years$1,327$916$618$408$266$191
34 years$1,274$868$577$376$241$171
35 years$1,224$823$539$346$218$153
36 years$1,177$782$505$319$198$137
37 years$1,132$742$472$293$179$122
38 years$1,090$705$442$270$162$110
39 years$1,051$671$414$249$147$98
40 years$1,013$638$388$230$134$88
41 years$977$608$364$212$121$79
42 years$943$579$342$196$110$71
43 years$911$551$321$181$100$63
44 years$880$525$301$167$91$57
45 years$851$501$283$154$82$51
46 years$823$478$265$142$75$45
47 years$797$456$249$132$68$41
48 years$771$435$234$122$62$37
49 years$747$416$220$112$56$33
50 years$723$397$207$104$51$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $741,000, adding $6,325 every year, while hoping to spend $23,206 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: 77/18/5 Blend
53$741,000$741,000$741,000$741,000
54$823,106$783,833$772,348$885,772
55$882,372$797,550$773,530$941,492
56$946,905$811,161$773,975$998,913
57$1,017,219$824,637$773,632$1,061,175
58$1,093,876$837,946$772,450$1,128,748
59$1,177,499$851,053$770,375$1,202,149
60$1,268,772$863,922$767,350$1,281,949
61$1,368,446$876,513$763,315$1,368,776
62$1,477,349$888,785$758,209$1,463,322
63$1,596,395$900,691$751,964$1,566,348
64$1,726,586$912,184$744,514$1,678,695
65$1,869,029$923,212$735,787$1,801,286
66$2,024,940$933,719$725,706$1,935,141
67$2,195,660$943,648$714,193$2,081,381
68$2,382,666$952,935$701,167$2,241,243
69$2,587,582$961,513$686,540$2,416,090
70$2,812,198$969,310$670,222$2,607,422
71$3,058,487$976,251$652,119$2,816,894
72$3,328,620$982,255$632,133$3,046,327
73$3,624,989$987,235$610,159$3,297,730
74$3,950,228$991,099$586,089$3,573,315
75$4,307,240$993,752$559,812$3,875,522
76$4,699,221$995,088$531,207$4,207,036
77$5,129,691$994,997$500,153$4,570,818
78$5,602,531$993,364$466,520$4,970,133
79$6,122,014$990,063$430,172$5,408,574
80$6,692,846$984,963$390,970$5,890,105
81$7,320,215$977,924$348,766$6,419,093
82$8,009,833$968,799$303,406$7,000,350
83$8,767,996$957,429$254,729$7,639,179
84$9,601,637$943,649$202,569$8,341,425
85$10,518,398$927,282$146,749$9,113,528
86$11,526,697$908,141$87,087$9,962,588
87$12,635,807$886,028$23,392$10,896,427
88$13,855,949$860,732$0$11,923,667
89$15,198,381$832,033$0$13,056,187
90$16,675,508$799,695$0$14,303,566
91$18,301,000$763,470$0$15,676,106
92$20,089,916$723,094$0$17,186,538
93$22,058,851$678,290$0$18,848,890
94$24,226,091$628,763$0$20,678,622
95$26,611,781$574,201$0$22,692,771
96$29,238,123$514,278$0$24,910,113
97$32,129,578$448,644$0$27,351,339
98$35,313,101$376,932$0$30,039,251
99$38,818,391$298,756$0$32,998,979
100$42,678,176$213,704$0$36,258,215