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%13.4%
1 years$61,604$61,055$60,520$59,997$59,487$58,647
2 years$30,497$29,929$29,379$28,845$28,327$27,482
3 years$20,129$19,559$19,010$18,481$17,972$17,148
4 years$14,947$14,378$13,834$13,315$12,818$12,022
5 years$11,838$11,272$10,736$10,227$9,744$8,978
6 years$9,766$9,205$8,676$8,179$7,710$6,976
7 years$8,286$7,730$7,210$6,724$6,270$5,567
8 years$7,177$6,626$6,115$5,641$5,202$4,530
9 years$6,315$5,769$5,267$4,805$4,381$3,740
10 years$5,626$5,085$4,592$4,142$3,733$3,123
11 years$5,062$4,527$4,042$3,604$3,210$2,630
12 years$4,593$4,063$3,587$3,162$2,782$2,231
13 years$4,196$3,672$3,205$2,791$2,426$1,904
14 years$3,857$3,338$2,880$2,478$2,126$1,632
15 years$3,562$3,049$2,600$2,210$1,872$1,405
16 years$3,305$2,798$2,357$1,979$1,655$1,213
17 years$3,078$2,576$2,145$1,778$1,467$1,051
18 years$2,877$2,381$1,958$1,602$1,305$912
19 years$2,697$2,206$1,793$1,448$1,163$793
20 years$2,535$2,050$1,645$1,311$1,039$691
21 years$2,389$1,910$1,513$1,190$929$603
22 years$2,257$1,783$1,395$1,082$833$527
23 years$2,136$1,667$1,288$985$748$461
24 years$2,025$1,562$1,191$899$672$404
25 years$1,923$1,466$1,103$821$605$354
26 years$1,830$1,378$1,023$750$545$311
27 years$1,743$1,297$950$687$491$273
28 years$1,663$1,222$883$629$443$239
29 years$1,588$1,153$822$577$400$210
30 years$1,519$1,089$766$530$362$185
31 years$1,454$1,029$714$486$327$163
32 years$1,393$974$666$447$296$143
33 years$1,336$922$622$411$268$126
34 years$1,283$874$581$378$242$111
35 years$1,232$829$543$348$219$98
36 years$1,185$787$508$321$199$86
37 years$1,140$747$476$295$180$76
38 years$1,098$710$445$272$163$67
39 years$1,058$675$417$251$148$59
40 years$1,020$643$391$232$134$52
41 years$984$612$367$214$122$46
42 years$950$582$344$197$111$40
43 years$917$555$323$182$100$35
44 years$886$529$303$168$91$31
45 years$857$504$284$155$83$27
46 years$829$481$267$143$75$24
47 years$802$459$251$132$68$21
48 years$776$438$236$122$62$19
49 years$752$419$222$113$56$17
50 years$728$400$208$105$51$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $746,000, adding $4,634 every year, while hoping to spend $29,634 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: 49/35/16 Blend
53$746,000$746,000$746,000$746,000
54$826,872$787,334$775,771$863,499
55$879,683$794,383$770,229$896,319
56$936,887$800,784$763,508$928,519
57$998,901$806,475$755,538$962,851
58$1,066,184$811,387$746,243$999,526
59$1,139,240$815,450$735,548$1,038,777
60$1,218,623$818,588$723,369$1,080,862
61$1,304,944$820,720$709,623$1,126,067
62$1,398,873$821,760$694,220$1,174,708
63$1,501,148$821,616$677,067$1,227,136
64$1,612,583$820,193$658,066$1,283,736
65$1,734,071$817,387$637,116$1,344,938
66$1,866,597$813,090$614,110$1,411,215
67$2,011,243$807,184$588,936$1,483,091
68$2,169,202$799,549$561,478$1,561,147
69$2,341,787$790,053$531,613$1,646,022
70$2,530,442$778,558$499,215$1,738,425
71$2,736,758$764,918$464,150$1,839,140
72$2,962,487$748,979$426,278$1,949,033
73$3,209,558$730,576$385,456$2,069,061
74$3,480,094$709,536$341,530$2,200,283
75$3,776,434$685,674$294,342$2,343,866
76$4,101,154$658,796$243,726$2,501,105
77$4,457,091$628,696$189,510$2,673,425
78$4,847,369$595,156$131,513$2,862,405
79$5,275,427$557,946$69,546$3,069,787
80$5,745,057$516,822$3,412$3,297,494
81$6,260,433$471,526$0$3,547,654
82$6,826,153$421,786$0$3,834,079
83$7,447,281$367,314$0$4,149,264
84$8,129,397$307,806$0$4,495,525
85$8,878,648$242,941$0$4,876,063
86$9,701,804$172,379$0$5,294,411
87$10,606,325$95,762$0$5,754,462
88$11,600,427$12,711$0$6,260,517
89$12,693,163$0$0$6,817,315
90$13,894,508$0$0$7,459,810
91$15,215,448$0$0$8,171,738
92$16,668,092$0$0$8,954,741
93$18,265,776$0$0$9,816,020
94$20,023,196$0$0$10,763,507
95$21,956,545$0$0$11,805,944
96$24,083,660$0$0$12,952,965
97$26,424,199$0$0$14,215,179
98$28,999,819$0$0$15,604,282
99$31,834,384$0$0$17,133,156
100$34,954,186$0$0$18,815,999