Can I retire at age 54 with 743,000?

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 $743,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$61,356$60,810$60,277$59,756$59,248$57,769
2 years$30,374$29,809$29,260$28,729$28,213$26,732
3 years$20,048$19,480$18,933$18,407$17,900$16,463
4 years$14,886$14,320$13,779$13,261$12,766$11,386
5 years$11,790$11,227$10,693$10,186$9,705$8,384
6 years$9,727$9,168$8,641$8,146$7,679$6,419
7 years$8,253$7,699$7,181$6,697$6,245$5,046
8 years$7,149$6,600$6,090$5,618$5,181$4,042
9 years$6,290$5,746$5,245$4,785$4,363$3,284
10 years$5,603$5,065$4,573$4,125$3,718$2,696
11 years$5,042$4,509$4,026$3,590$3,197$2,233
12 years$4,575$4,047$3,573$3,149$2,771$1,861
13 years$4,179$3,657$3,192$2,780$2,416$1,560
14 years$3,841$3,324$2,868$2,468$2,118$1,313
15 years$3,548$3,037$2,590$2,201$1,865$1,109
16 years$3,292$2,786$2,348$1,971$1,648$940
17 years$3,066$2,566$2,136$1,771$1,461$798
18 years$2,865$2,371$1,950$1,596$1,299$679
19 years$2,686$2,198$1,785$1,442$1,158$579
20 years$2,525$2,042$1,639$1,306$1,034$495
21 years$2,380$1,902$1,507$1,185$926$423
22 years$2,248$1,776$1,389$1,078$830$362
23 years$2,127$1,661$1,283$981$745$310
24 years$2,017$1,556$1,186$895$669$266
25 years$1,916$1,460$1,099$817$602$228
26 years$1,822$1,372$1,019$747$543$196
27 years$1,736$1,292$946$684$489$168
28 years$1,656$1,217$880$627$441$145
29 years$1,582$1,148$819$575$399$124
30 years$1,512$1,084$762$527$360$107
31 years$1,448$1,025$711$484$326$92
32 years$1,387$970$663$445$295$79
33 years$1,331$918$619$409$267$68
34 years$1,277$870$579$377$241$58
35 years$1,227$826$541$347$219$50
36 years$1,180$784$506$319$198$43
37 years$1,136$744$474$294$180$37
38 years$1,093$707$444$271$163$32
39 years$1,054$673$416$250$148$28
40 years$1,016$640$389$231$134$24
41 years$980$609$365$213$121$20
42 years$946$580$343$196$110$18
43 years$914$553$321$181$100$15
44 years$883$527$302$167$91$13
45 years$853$502$283$155$82$11
46 years$825$479$266$143$75$10
47 years$799$457$250$132$68$8
48 years$773$437$235$122$62$7
49 years$749$417$221$113$56$6
50 years$725$398$208$104$51$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $743,000, adding $3,899 every year, while hoping to spend $55,209 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: 69/18/13 Blend
53$743,000$743,000$743,000$743,000
54$822,808$783,429$771,912$876,948
55$847,992$763,075$739,029$893,081
56$873,895$739,873$703,195$903,736
57$900,531$713,626$664,251$913,961
58$927,916$684,124$622,033$923,705
59$956,063$651,145$576,371$932,915
60$984,986$614,456$527,084$941,533
61$1,014,698$573,809$473,985$949,497
62$1,045,213$528,940$416,879$956,741
63$1,076,541$479,574$355,560$963,195
64$1,108,692$425,418$289,816$968,782
65$1,141,677$366,162$219,424$973,421
66$1,175,504$301,479$144,150$977,026
67$1,210,178$231,025$63,751$979,504
68$1,245,704$154,433$0$980,755
69$1,282,084$71,319$0$983,731
70$1,319,319$0$0$994,897
71$1,357,406$0$0$1,009,025
72$1,396,338$0$0$1,037,899
73$1,436,106$0$0$1,067,387
74$1,476,696$0$0$1,097,476
75$1,518,092$0$0$1,128,153
76$1,560,268$0$0$1,159,399
77$1,603,198$0$0$1,191,192
78$1,646,846$0$0$1,223,504
79$1,691,170$0$0$1,256,302
80$1,736,120$0$0$1,289,547
81$1,781,637$0$0$1,323,195
82$1,827,652$0$0$1,357,191
83$1,874,086$0$0$1,391,474
84$1,920,846$0$0$1,425,973
85$1,967,827$0$0$1,460,606
86$2,014,909$0$0$1,495,282
87$2,061,954$0$0$1,529,895
88$2,108,805$0$0$1,564,323
89$2,155,286$0$0$1,598,432
90$2,201,196$0$0$1,632,069
91$2,246,311$0$0$1,665,060
92$2,290,376$0$0$1,697,212
93$2,333,106$0$0$1,728,306
94$2,374,181$0$0$1,758,098
95$2,413,244$0$0$1,786,315
96$2,449,894$0$0$1,812,649
97$2,483,682$0$0$1,836,760
98$2,514,110$0$0$1,858,266
99$2,540,620$0$0$1,876,741
100$2,562,591$0$0$1,891,711