Can I retire at age 54 with 745,000?

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 $745,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$61,521$60,973$60,439$59,917$59,407$58,208
2 years$30,456$29,889$29,339$28,806$28,289$27,086
3 years$20,102$19,533$18,984$18,456$17,948$16,778
4 years$14,927$14,359$13,816$13,297$12,801$11,674
5 years$11,822$11,257$10,722$10,213$9,731$8,650
6 years$9,753$9,192$8,665$8,168$7,700$6,666
7 years$8,275$7,720$7,200$6,715$6,262$5,276
8 years$7,168$6,617$6,106$5,633$5,195$4,256
9 years$6,307$5,762$5,260$4,798$4,375$3,483
10 years$5,619$5,079$4,585$4,136$3,728$2,881
11 years$5,056$4,521$4,037$3,600$3,206$2,404
12 years$4,587$4,058$3,583$3,157$2,778$2,019
13 years$4,191$3,667$3,201$2,787$2,423$1,706
14 years$3,851$3,333$2,876$2,474$2,124$1,448
15 years$3,558$3,045$2,597$2,207$1,870$1,233
16 years$3,301$2,794$2,354$1,976$1,653$1,054
17 years$3,074$2,573$2,142$1,775$1,465$903
18 years$2,873$2,378$1,956$1,600$1,303$776
19 years$2,694$2,203$1,790$1,446$1,161$667
20 years$2,532$2,048$1,643$1,309$1,037$575
21 years$2,386$1,907$1,511$1,188$928$496
22 years$2,254$1,780$1,393$1,080$832$429
23 years$2,133$1,665$1,286$984$747$371
24 years$2,022$1,560$1,189$897$671$321
25 years$1,921$1,464$1,102$820$604$278
26 years$1,827$1,376$1,022$749$544$241
27 years$1,741$1,295$949$686$491$209
28 years$1,660$1,220$882$628$443$181
29 years$1,586$1,151$821$576$400$157
30 years$1,516$1,087$764$529$361$137
31 years$1,452$1,028$713$486$327$119
32 years$1,391$972$665$446$295$103
33 years$1,334$921$621$411$267$90
34 years$1,281$873$580$378$242$78
35 years$1,231$828$542$348$219$68
36 years$1,183$786$507$320$199$59
37 years$1,139$746$475$295$180$51
38 years$1,096$709$445$272$163$44
39 years$1,056$674$417$251$148$39
40 years$1,019$642$391$231$134$34
41 years$983$611$366$213$122$29
42 years$948$582$343$197$110$25
43 years$916$554$322$182$100$22
44 years$885$528$303$168$91$19
45 years$856$504$284$155$83$17
46 years$828$481$267$143$75$15
47 years$801$459$251$132$68$13
48 years$775$438$236$122$62$11
49 years$751$418$221$113$56$10
50 years$727$399$208$104$51$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $745,000, adding $3,513 every year, while hoping to spend $33,169 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: 45/44/11 Blend
53$745,000$745,000$745,000$745,000
54$824,614$785,129$773,581$858,997
55$873,433$788,308$764,205$886,376
56$926,120$790,532$753,402$912,381
57$983,034$791,718$741,091$939,834
58$1,044,571$791,780$727,185$968,882
59$1,111,164$790,624$711,593$999,687
60$1,183,291$788,153$694,220$1,032,429
61$1,261,477$784,263$674,967$1,067,309
62$1,346,300$778,844$653,729$1,104,552
63$1,438,392$771,777$630,400$1,144,405
64$1,538,454$762,940$604,863$1,187,145
65$1,647,252$752,200$577,002$1,233,078
66$1,765,631$739,417$546,692$1,282,544
67$1,894,522$724,445$513,802$1,335,923
68$2,034,947$707,126$478,198$1,393,633
69$2,188,031$687,295$439,737$1,456,140
70$2,355,014$664,776$398,272$1,523,961
71$2,537,258$639,383$353,647$1,597,669
72$2,736,266$610,921$305,702$1,677,898
73$2,953,689$579,180$254,267$1,765,355
74$3,191,346$543,940$199,166$1,860,818
75$3,451,241$504,971$140,215$1,965,154
76$3,735,577$462,024$77,222$2,079,319
77$4,046,784$414,841$9,987$2,204,377
78$4,387,534$363,147$0$2,341,502
79$4,760,772$306,650$0$2,499,244
80$5,169,741$245,046$0$2,673,518
81$5,618,010$178,009$0$2,864,770
82$6,109,513$105,197$0$3,074,793
83$6,648,580$26,249$0$3,305,569
84$7,239,984$0$0$3,559,285
85$7,888,977$0$0$3,867,035
86$8,601,350$0$0$4,218,879
87$9,383,477$0$0$4,605,270
88$10,242,381$0$0$5,029,689
89$11,185,801$0$0$5,495,971
90$12,222,258$0$0$6,008,342
91$13,361,142$0$0$6,571,455
92$14,612,797$0$0$7,190,439
93$15,988,618$0$0$7,870,944
94$17,501,161$0$0$8,619,193
95$19,164,257$0$0$9,442,044
96$20,993,145$0$0$10,347,051
97$23,004,615$0$0$11,342,541
98$25,217,165$0$0$12,437,683
99$27,651,176$0$0$13,642,582
100$30,329,106$0$0$14,968,374