Can I retire at age 54 with 745,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.6%
1 years$61,521$60,973$60,439$59,917$59,407$59,008
2 years$30,456$29,889$29,339$28,806$28,289$27,887
3 years$20,102$19,533$18,984$18,456$17,948$17,554
4 years$14,927$14,359$13,816$13,297$12,801$12,419
5 years$11,822$11,257$10,722$10,213$9,731$9,363
6 years$9,753$9,192$8,665$8,168$7,700$7,345
7 years$8,275$7,720$7,200$6,715$6,262$5,921
8 years$7,168$6,617$6,106$5,633$5,195$4,868
9 years$6,307$5,762$5,260$4,798$4,375$4,062
10 years$5,619$5,079$4,585$4,136$3,728$3,428
11 years$5,056$4,521$4,037$3,600$3,206$2,920
12 years$4,587$4,058$3,583$3,157$2,778$2,505
13 years$4,191$3,667$3,201$2,787$2,423$2,163
14 years$3,851$3,333$2,876$2,474$2,124$1,876
15 years$3,558$3,045$2,597$2,207$1,870$1,635
16 years$3,301$2,794$2,354$1,976$1,653$1,429
17 years$3,074$2,573$2,142$1,775$1,465$1,253
18 years$2,873$2,378$1,956$1,600$1,303$1,102
19 years$2,694$2,203$1,790$1,446$1,161$971
20 years$2,532$2,048$1,643$1,309$1,037$858
21 years$2,386$1,907$1,511$1,188$928$759
22 years$2,254$1,780$1,393$1,080$832$672
23 years$2,133$1,665$1,286$984$747$596
24 years$2,022$1,560$1,189$897$671$529
25 years$1,921$1,464$1,102$820$604$471
26 years$1,827$1,376$1,022$749$544$419
27 years$1,741$1,295$949$686$491$373
28 years$1,660$1,220$882$628$443$332
29 years$1,586$1,151$821$576$400$296
30 years$1,516$1,087$764$529$361$264
31 years$1,452$1,028$713$486$327$236
32 years$1,391$972$665$446$295$211
33 years$1,334$921$621$411$267$188
34 years$1,281$873$580$378$242$168
35 years$1,231$828$542$348$219$150
36 years$1,183$786$507$320$199$134
37 years$1,139$746$475$295$180$120
38 years$1,096$709$445$272$163$107
39 years$1,056$674$417$251$148$96
40 years$1,019$642$391$231$134$86
41 years$983$611$366$213$122$77
42 years$948$582$343$197$110$69
43 years$916$554$322$182$100$62
44 years$885$528$303$168$91$55
45 years$856$504$284$155$83$49
46 years$828$481$267$143$75$44
47 years$801$459$251$132$68$40
48 years$775$438$236$122$62$35
49 years$751$418$221$113$56$32
50 years$727$399$208$104$51$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $745,000, adding $5,648 every year, while hoping to spend $49,574 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: 78/14/8 Blend
53$745,000$745,000$745,000$745,000
54$826,816$787,331$775,783$889,948
55$858,405$773,164$749,026$918,026
56$891,554$756,641$719,710$941,818
57$926,371$737,595$687,699$966,454
58$962,971$715,847$652,847$991,996
59$1,001,481$691,211$615,005$1,018,514
60$1,042,038$663,486$574,013$1,046,082
61$1,084,792$632,463$529,708$1,074,785
62$1,129,905$597,918$481,918$1,104,716
63$1,177,556$559,616$430,462$1,135,979
64$1,227,937$517,308$375,154$1,168,688
65$1,281,261$470,730$315,795$1,202,971
66$1,337,758$419,604$252,183$1,238,967
67$1,397,681$363,636$184,103$1,276,834
68$1,461,305$302,515$111,331$1,316,745
69$1,528,932$235,913$33,635$1,358,891
70$1,600,893$163,482$0$1,403,486
71$1,677,548$84,856$0$1,454,971
72$1,759,292$0$0$1,512,739
73$1,846,560$0$0$1,574,283
74$1,939,825$0$0$1,654,042
75$2,039,607$0$0$1,739,391
76$2,146,479$0$0$1,830,819
77$2,261,064$0$0$1,928,864
78$2,384,050$0$0$2,034,116
79$2,516,189$0$0$2,147,222
80$2,658,309$0$0$2,268,892
81$2,811,318$0$0$2,399,905
82$2,976,213$0$0$2,541,119
83$3,154,088$0$0$2,693,474
84$3,346,146$0$0$2,858,004
85$3,553,711$0$0$3,035,845
86$3,778,234$0$0$3,228,244
87$4,021,313$0$0$3,436,575
88$4,284,703$0$0$3,662,345
89$4,570,336$0$0$3,907,214
90$4,880,333$0$0$4,173,006
91$5,217,031$0$0$4,461,727
92$5,582,998$0$0$4,775,585
93$5,981,059$0$0$5,117,007
94$6,414,323$0$0$5,488,665
95$6,886,210$0$0$5,893,498
96$7,400,485$0$0$6,334,742
97$7,961,291$0$0$6,815,956
98$8,573,186$0$0$7,341,058
99$9,241,190$0$0$7,914,362
100$9,970,827$0$0$8,540,615