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%17.4%
1 years$61,439$60,892$60,358$59,836$59,328$57,544
2 years$30,415$29,849$29,300$28,768$28,251$26,469
3 years$20,075$19,507$18,959$18,432$17,924$16,199
4 years$14,907$14,339$13,797$13,279$12,783$11,130
5 years$11,806$11,242$10,707$10,200$9,718$8,139
6 years$9,740$9,180$8,653$8,157$7,689$6,187
7 years$8,264$7,709$7,191$6,706$6,253$4,828
8 years$7,158$6,608$6,098$5,626$5,188$3,838
9 years$6,298$5,754$5,252$4,792$4,369$3,094
10 years$5,611$5,072$4,579$4,130$3,723$2,520
11 years$5,049$4,515$4,031$3,595$3,202$2,069
12 years$4,581$4,052$3,578$3,153$2,774$1,710
13 years$4,185$3,662$3,197$2,784$2,419$1,421
14 years$3,846$3,329$2,872$2,471$2,121$1,185
15 years$3,553$3,041$2,593$2,204$1,867$992
16 years$3,296$2,790$2,351$1,973$1,650$833
17 years$3,070$2,570$2,139$1,773$1,463$701
18 years$2,869$2,374$1,953$1,598$1,301$591
19 years$2,690$2,201$1,788$1,444$1,160$499
20 years$2,529$2,045$1,641$1,308$1,036$422
21 years$2,383$1,905$1,509$1,187$927$357
22 years$2,251$1,778$1,391$1,079$831$303
23 years$2,130$1,663$1,284$983$746$257
24 years$2,020$1,558$1,188$896$670$218
25 years$1,918$1,462$1,100$818$603$185
26 years$1,825$1,374$1,020$748$543$157
27 years$1,738$1,293$947$685$490$133
28 years$1,658$1,219$881$628$442$113
29 years$1,584$1,150$820$576$399$96
30 years$1,514$1,086$763$528$361$82
31 years$1,450$1,026$712$485$326$70
32 years$1,389$971$664$446$295$59
33 years$1,332$920$620$410$267$51
34 years$1,279$872$579$377$242$43
35 years$1,229$827$542$347$219$37
36 years$1,182$785$507$320$198$31
37 years$1,137$745$474$295$180$27
38 years$1,095$708$444$272$163$23
39 years$1,055$674$416$250$148$19
40 years$1,017$641$390$231$134$16
41 years$981$610$366$213$122$14
42 years$947$581$343$197$110$12
43 years$915$553$322$182$100$10
44 years$884$528$302$168$91$9
45 years$855$503$284$155$83$7
46 years$827$480$266$143$75$6
47 years$800$458$250$132$68$5
48 years$774$437$235$122$62$5
49 years$750$418$221$113$56$4
50 years$726$399$208$104$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $744,000, adding $2,695 every year, while hoping to spend $50,294 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: 78/8/14 Blend
53$744,000$744,000$744,000$744,000
54$822,668$783,236$771,704$884,274
55$853,068$768,102$744,044$910,096
56$884,882$750,541$713,771$931,737
57$918,204$730,381$680,745$954,062
58$953,130$707,439$644,820$977,118
59$989,769$681,523$605,841$1,000,960
60$1,028,237$652,429$563,648$1,025,647
61$1,068,660$619,941$518,074$1,051,246
62$1,111,176$583,831$468,942$1,077,831
63$1,155,934$543,857$416,069$1,105,483
64$1,203,097$499,764$359,266$1,134,294
65$1,252,843$451,282$298,331$1,164,364
66$1,305,364$398,126$233,056$1,195,807
67$1,360,871$339,994$163,223$1,228,745
68$1,419,594$276,568$88,605$1,263,317
69$1,481,784$207,511$8,965$1,299,678
70$1,547,716$132,469$0$1,337,996
71$1,617,688$51,065$0$1,389,818
72$1,692,029$0$0$1,446,163
73$1,771,097$0$0$1,509,230
74$1,855,284$0$0$1,581,180
75$1,945,019$0$0$1,657,886
76$2,040,773$0$0$1,739,752
77$2,143,061$0$0$1,827,221
78$2,252,447$0$0$1,920,776
79$2,369,550$0$0$2,020,950
80$2,495,050$0$0$2,128,327
81$2,629,690$0$0$2,243,544
82$2,774,289$0$0$2,367,305
83$2,929,742$0$0$2,500,379
84$3,097,034$0$0$2,643,613
85$3,277,247$0$0$2,797,934
86$3,471,567$0$0$2,964,364
87$3,681,299$0$0$3,144,022
88$3,907,876$0$0$3,338,140
89$4,152,873$0$0$3,548,071
90$4,418,021$0$0$3,775,303
91$4,705,224$0$0$4,021,469
92$5,016,573$0$0$4,288,369
93$5,354,369$0$0$4,577,980
94$5,721,142$0$0$4,892,474
95$6,119,677$0$0$5,234,245
96$6,553,033$0$0$5,605,922
97$7,024,581$0$0$6,010,401
98$7,538,024$0$0$6,450,866
99$8,097,443$0$0$6,930,822
100$8,707,324$0$0$7,454,124