Can I retire at age 54 with 744,000?

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 $744,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$61,439$60,892$60,358$59,836$59,328$57,988
2 years$30,415$29,849$29,300$28,768$28,251$26,908
3 years$20,075$19,507$18,959$18,432$17,924$16,620
4 years$14,907$14,339$13,797$13,279$12,783$11,529
5 years$11,806$11,242$10,707$10,200$9,718$8,516
6 years$9,740$9,180$8,653$8,157$7,689$6,541
7 years$8,264$7,709$7,191$6,706$6,253$5,160
8 years$7,158$6,608$6,098$5,626$5,188$4,148
9 years$6,298$5,754$5,252$4,792$4,369$3,382
10 years$5,611$5,072$4,579$4,130$3,723$2,787
11 years$5,049$4,515$4,031$3,595$3,202$2,317
12 years$4,581$4,052$3,578$3,153$2,774$1,939
13 years$4,185$3,662$3,197$2,784$2,419$1,631
14 years$3,846$3,329$2,872$2,471$2,121$1,379
15 years$3,553$3,041$2,593$2,204$1,867$1,170
16 years$3,296$2,790$2,351$1,973$1,650$995
17 years$3,070$2,570$2,139$1,773$1,463$849
18 years$2,869$2,374$1,953$1,598$1,301$726
19 years$2,690$2,201$1,788$1,444$1,160$622
20 years$2,529$2,045$1,641$1,308$1,036$533
21 years$2,383$1,905$1,509$1,187$927$458
22 years$2,251$1,778$1,391$1,079$831$394
23 years$2,130$1,663$1,284$983$746$339
24 years$2,020$1,558$1,188$896$670$292
25 years$1,918$1,462$1,100$818$603$252
26 years$1,825$1,374$1,020$748$543$217
27 years$1,738$1,293$947$685$490$187
28 years$1,658$1,219$881$628$442$162
29 years$1,584$1,150$820$576$399$140
30 years$1,514$1,086$763$528$361$121
31 years$1,450$1,026$712$485$326$104
32 years$1,389$971$664$446$295$90
33 years$1,332$920$620$410$267$78
34 years$1,279$872$579$377$242$67
35 years$1,229$827$542$347$219$58
36 years$1,182$785$507$320$198$50
37 years$1,137$745$474$295$180$44
38 years$1,095$708$444$272$163$38
39 years$1,055$674$416$250$148$33
40 years$1,017$641$390$231$134$28
41 years$981$610$366$213$122$24
42 years$947$581$343$197$110$21
43 years$915$553$322$182$100$18
44 years$884$528$302$168$91$16
45 years$855$503$284$155$83$14
46 years$827$480$266$143$75$12
47 years$800$458$250$132$68$10
48 years$774$437$235$122$62$9
49 years$750$418$221$113$56$8
50 years$726$399$208$104$51$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $744,000, adding $3,115 every year, while hoping to spend $49,155 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: 43/40/17 Blend
53$744,000$744,000$744,000$744,000
54$823,101$783,669$772,137$854,301
55$854,757$769,768$745,703$862,663
56$887,994$753,539$716,736$866,628
57$922,922$734,815$685,100$869,881
58$959,660$713,421$650,650$872,381
59$998,337$689,170$613,239$874,085
60$1,039,094$661,866$572,709$874,949
61$1,082,084$631,300$528,897$874,931
62$1,127,475$597,252$481,633$873,987
63$1,175,449$559,489$430,740$872,074
64$1,226,205$517,764$376,029$869,151
65$1,279,960$471,816$317,308$865,177
66$1,336,951$421,371$254,374$860,115
67$1,397,439$366,136$187,014$853,926
68$1,461,705$305,805$115,007$846,579
69$1,530,062$240,052$38,122$838,042
70$1,602,847$168,534$0$828,292
71$1,680,434$90,888$0$825,275
72$1,763,228$6,731$0$828,907
73$1,851,676$0$0$832,308
74$1,946,266$0$0$872,653
75$2,047,535$0$0$919,078
76$2,156,070$0$0$968,896
77$2,272,516$0$0$1,022,413
78$2,397,579$0$0$1,079,960
79$2,532,037$0$0$1,141,906
80$2,676,742$0$0$1,208,651
81$2,832,629$0$0$1,280,638
82$3,000,727$0$0$1,358,351
83$3,182,165$0$0$1,442,325
84$3,378,184$0$0$1,533,144
85$3,590,146$0$0$1,631,454
86$3,819,552$0$0$1,737,963
87$4,068,048$0$0$1,853,448
88$4,337,446$0$0$1,978,766
89$4,629,738$0$0$2,114,860
90$4,947,115$0$0$2,262,764
91$5,291,986$0$0$2,423,618
92$5,667,003$0$0$2,598,676
93$6,075,081$0$0$2,789,317
94$6,519,429$0$0$2,997,059
95$7,003,579$0$0$3,223,573
96$7,531,416$0$0$3,470,697
97$8,107,217$0$0$3,740,454
98$8,735,688$0$0$4,035,073
99$9,422,012$0$0$4,357,005
100$10,171,892$0$0$4,708,951