Can I retire at age 54 with 747,000?

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 $747,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$61,687$61,137$60,601$60,078$59,567$59,241
2 years$30,538$29,969$29,418$28,884$28,365$28,036
3 years$20,156$19,585$19,035$18,506$17,996$17,675
4 years$14,967$14,397$13,853$13,333$12,835$12,523
5 years$11,854$11,288$10,750$10,241$9,757$9,456
6 years$9,779$9,217$8,688$8,190$7,720$7,430
7 years$8,298$7,741$7,220$6,733$6,279$6,000
8 years$7,187$6,635$6,123$5,648$5,209$4,941
9 years$6,324$5,777$5,274$4,811$4,387$4,130
10 years$5,634$5,092$4,598$4,147$3,738$3,492
11 years$5,069$4,533$4,048$3,609$3,214$2,980
12 years$4,599$4,069$3,592$3,166$2,786$2,561
13 years$4,202$3,677$3,209$2,795$2,429$2,215
14 years$3,862$3,342$2,884$2,481$2,129$1,926
15 years$3,567$3,053$2,604$2,213$1,875$1,681
16 years$3,309$2,801$2,361$1,981$1,657$1,473
17 years$3,082$2,580$2,148$1,780$1,469$1,294
18 years$2,881$2,384$1,961$1,604$1,306$1,141
19 years$2,701$2,209$1,795$1,450$1,164$1,007
20 years$2,539$2,053$1,647$1,313$1,040$891
21 years$2,392$1,912$1,515$1,191$931$790
22 years$2,260$1,785$1,397$1,083$834$702
23 years$2,139$1,670$1,289$987$749$624
24 years$2,028$1,564$1,193$900$673$555
25 years$1,926$1,468$1,105$822$606$495
26 years$1,832$1,380$1,024$751$546$441
27 years$1,745$1,298$951$688$492$394
28 years$1,665$1,224$884$630$444$352
29 years$1,590$1,154$823$578$401$314
30 years$1,521$1,090$767$530$362$281
31 years$1,456$1,030$715$487$327$251
32 years$1,395$975$667$448$296$225
33 years$1,338$923$623$412$268$201
34 years$1,284$875$582$379$243$180
35 years$1,234$830$544$349$220$162
36 years$1,186$788$509$321$199$145
37 years$1,142$748$476$296$180$130
38 years$1,099$711$446$273$164$117
39 years$1,059$676$418$251$148$105
40 years$1,021$643$392$232$135$94
41 years$985$612$367$214$122$84
42 years$951$583$344$197$111$75
43 years$919$556$323$182$101$68
44 years$888$530$303$168$91$61
45 years$858$505$285$155$83$55
46 years$830$482$268$144$75$49
47 years$803$460$251$133$68$44
48 years$777$439$236$123$62$39
49 years$753$419$222$113$56$35
50 years$729$400$209$105$51$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $747,000, adding $5,598 every year, while hoping to spend $35,033 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: 63/28/9 Blend
53$747,000$747,000$747,000$747,000
54$828,968$789,377$777,799$879,255
55$876,248$790,782$766,580$914,935
56$927,177$791,081$753,812$949,288
57$982,088$790,184$739,404$985,906
58$1,041,352$787,994$723,265$1,025,007
59$1,105,372$784,407$705,296$1,066,833
60$1,174,592$779,316$685,396$1,111,651
61$1,249,502$772,604$663,459$1,159,757
62$1,330,639$764,149$639,372$1,211,478
63$1,418,593$753,821$613,019$1,267,174
64$1,514,013$741,481$584,279$1,327,244
65$1,617,613$726,985$553,024$1,392,131
66$1,730,180$710,178$519,120$1,462,321
67$1,852,577$690,895$482,429$1,538,354
68$1,985,755$668,965$442,806$1,620,825
69$2,130,761$644,202$400,098$1,710,392
70$2,288,743$616,413$354,147$1,807,784
71$2,460,971$585,393$304,786$1,913,804
72$2,648,837$550,925$251,844$2,029,340
73$2,853,877$512,778$195,139$2,155,372
74$3,077,778$470,710$134,482$2,292,986
75$3,322,400$424,464$69,676$2,443,378
76$3,589,791$373,769$516$2,607,870
77$3,882,204$318,337$0$2,787,924
78$4,202,120$257,867$0$2,992,190
79$4,552,271$192,037$0$3,215,921
80$4,935,665$120,510$0$3,461,058
81$5,355,617$42,928$0$3,729,796
82$5,815,773$0$0$4,024,556
83$6,320,153$0$0$4,360,671
84$6,873,182$0$0$4,743,761
85$7,479,733$0$0$5,163,983
86$8,145,176$0$0$5,625,063
87$8,875,422$0$0$6,131,105
88$9,676,986$0$0$6,686,630
89$10,557,042$0$0$7,296,619
90$11,523,494$0$0$7,966,557
91$12,585,047$0$0$8,702,488
92$13,751,292$0$0$9,511,069
93$15,032,795$0$0$10,399,635
94$16,441,196$0$0$11,376,264
95$17,989,318$0$0$12,449,860
96$19,691,289$0$0$13,630,229
97$21,562,673$0$0$14,928,176
98$23,620,619$0$0$16,355,605
99$25,884,020$0$0$17,925,632
100$28,373,692$0$0$19,652,706