Can I retire at age 54 with 746,000?

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 $746,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$61,604$61,055$60,520$59,997$59,487$57,583
2 years$30,497$29,929$29,379$28,845$28,327$26,426
3 years$20,129$19,559$19,010$18,481$17,972$16,134
4 years$14,947$14,378$13,834$13,315$12,818$11,057
5 years$11,838$11,272$10,736$10,227$9,744$8,065
6 years$9,766$9,205$8,676$8,179$7,710$6,114
7 years$8,286$7,730$7,210$6,724$6,270$4,757
8 years$7,177$6,626$6,115$5,641$5,202$3,771
9 years$6,315$5,769$5,267$4,805$4,381$3,030
10 years$5,626$5,085$4,592$4,142$3,733$2,460
11 years$5,062$4,527$4,042$3,604$3,210$2,014
12 years$4,593$4,063$3,587$3,162$2,782$1,659
13 years$4,196$3,672$3,205$2,791$2,426$1,373
14 years$3,857$3,338$2,880$2,478$2,126$1,142
15 years$3,562$3,049$2,600$2,210$1,872$952
16 years$3,305$2,798$2,357$1,979$1,655$797
17 years$3,078$2,576$2,145$1,778$1,467$668
18 years$2,877$2,381$1,958$1,602$1,305$561
19 years$2,697$2,206$1,793$1,448$1,163$472
20 years$2,535$2,050$1,645$1,311$1,039$397
21 years$2,389$1,910$1,513$1,190$929$335
22 years$2,257$1,783$1,395$1,082$833$283
23 years$2,136$1,667$1,288$985$748$239
24 years$2,025$1,562$1,191$899$672$202
25 years$1,923$1,466$1,103$821$605$171
26 years$1,830$1,378$1,023$750$545$144
27 years$1,743$1,297$950$687$491$122
28 years$1,663$1,222$883$629$443$104
29 years$1,588$1,153$822$577$400$88
30 years$1,519$1,089$766$530$362$74
31 years$1,454$1,029$714$486$327$63
32 years$1,393$974$666$447$296$53
33 years$1,336$922$622$411$268$45
34 years$1,283$874$581$378$242$38
35 years$1,232$829$543$348$219$32
36 years$1,185$787$508$321$199$28
37 years$1,140$747$476$295$180$23
38 years$1,098$710$445$272$163$20
39 years$1,058$675$417$251$148$17
40 years$1,020$643$391$232$134$14
41 years$984$612$367$214$122$12
42 years$950$582$344$197$111$10
43 years$917$555$323$182$100$9
44 years$886$529$303$168$91$7
45 years$857$504$284$155$83$6
46 years$829$481$267$143$75$5
47 years$802$459$251$132$68$4
48 years$776$438$236$122$62$4
49 years$752$419$222$113$56$3
50 years$728$400$208$105$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $746,000, adding $3,675 every year, while hoping to spend $30,699 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: 83/5/12 Blend
53$746,000$746,000$746,000$746,000
54$825,883$786,345$774,782$892,389
55$877,459$792,212$768,073$942,362
56$933,268$797,338$760,112$992,782
57$993,707$801,654$750,822$1,047,235
58$1,059,217$805,087$740,126$1,106,108
59$1,130,280$807,558$727,942$1,169,827
60$1,207,426$808,986$714,186$1,238,864
61$1,291,239$809,282$698,767$1,313,738
62$1,382,362$808,354$681,592$1,395,019
63$1,481,501$806,102$662,564$1,483,336
64$1,589,434$802,420$641,580$1,579,383
65$1,707,016$797,198$618,532$1,683,922
66$1,835,188$790,318$593,309$1,797,794
67$1,974,987$781,652$565,795$1,921,927
68$2,127,552$771,070$535,865$2,057,342
69$2,294,138$758,429$503,393$2,205,162
70$2,476,129$743,580$468,245$2,366,628
71$2,675,044$726,366$430,281$2,543,106
72$2,892,558$706,617$389,356$2,736,101
73$3,130,516$684,158$345,316$2,947,270
74$3,390,947$658,801$298,002$3,178,442
75$3,676,088$630,346$247,249$3,431,631
76$3,988,399$598,583$192,883$3,709,056
77$4,330,593$563,291$134,722$4,013,162
78$4,705,655$524,234$72,576$4,346,646
79$5,116,874$481,163$6,250$4,712,478
80$5,567,871$433,816$0$5,113,931
81$6,062,636$381,915$0$5,562,876
82$6,605,562$325,166$0$6,056,416
83$7,201,490$263,260$0$6,598,162
84$7,855,750$195,868$0$7,192,973
85$8,574,216$122,645$0$7,846,201
86$9,363,356$43,224$0$8,563,745
87$10,230,298$0$0$9,352,102
88$11,182,891$0$0$10,220,786
89$12,229,787$0$0$11,178,095
90$13,380,512$0$0$12,230,365
91$14,645,564$0$0$13,387,198
92$16,036,509$0$0$14,659,172
93$17,566,090$0$0$16,057,942
94$19,248,344$0$0$17,596,347
95$21,098,739$0$0$19,288,535
96$23,134,317$0$0$21,150,093
97$25,373,855$0$0$23,198,195
98$27,838,040$0$0$25,451,764
99$30,549,667$0$0$27,931,648
100$33,533,854$0$0$30,660,820