Can I retire at age 54 with 747,000?

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 $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%15.1%
1 years$61,687$61,137$60,601$60,078$59,567$58,316
2 years$30,538$29,969$29,418$28,884$28,365$27,111
3 years$20,156$19,585$19,035$18,506$17,996$16,778
4 years$14,967$14,397$13,853$13,333$12,835$11,662
5 years$11,854$11,288$10,750$10,241$9,757$8,632
6 years$9,779$9,217$8,688$8,190$7,720$6,645
7 years$8,298$7,741$7,220$6,733$6,279$5,253
8 years$7,187$6,635$6,123$5,648$5,209$4,233
9 years$6,324$5,777$5,274$4,811$4,387$3,459
10 years$5,634$5,092$4,598$4,147$3,738$2,858
11 years$5,069$4,533$4,048$3,609$3,214$2,382
12 years$4,599$4,069$3,592$3,166$2,786$1,998
13 years$4,202$3,677$3,209$2,795$2,429$1,686
14 years$3,862$3,342$2,884$2,481$2,129$1,429
15 years$3,567$3,053$2,604$2,213$1,875$1,216
16 years$3,309$2,801$2,361$1,981$1,657$1,037
17 years$3,082$2,580$2,148$1,780$1,469$888
18 years$2,881$2,384$1,961$1,604$1,306$761
19 years$2,701$2,209$1,795$1,450$1,164$654
20 years$2,539$2,053$1,647$1,313$1,040$563
21 years$2,392$1,912$1,515$1,191$931$485
22 years$2,260$1,785$1,397$1,083$834$418
23 years$2,139$1,670$1,289$987$749$361
24 years$2,028$1,564$1,193$900$673$312
25 years$1,926$1,468$1,105$822$606$270
26 years$1,832$1,380$1,024$751$546$233
27 years$1,745$1,298$951$688$492$202
28 years$1,665$1,224$884$630$444$175
29 years$1,590$1,154$823$578$401$152
30 years$1,521$1,090$767$530$362$132
31 years$1,456$1,030$715$487$327$114
32 years$1,395$975$667$448$296$99
33 years$1,338$923$623$412$268$86
34 years$1,284$875$582$379$243$74
35 years$1,234$830$544$349$220$65
36 years$1,186$788$509$321$199$56
37 years$1,142$748$476$296$180$49
38 years$1,099$711$446$273$164$42
39 years$1,059$676$418$251$148$37
40 years$1,021$643$392$232$135$32
41 years$985$612$367$214$122$28
42 years$951$583$344$197$111$24
43 years$919$556$323$182$101$21
44 years$888$530$303$168$91$18
45 years$858$505$285$155$83$16
46 years$830$482$268$144$75$14
47 years$803$460$251$133$68$12
48 years$777$439$236$123$62$10
49 years$753$419$222$113$56$9
50 years$729$400$209$105$51$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $747,000, adding $4,304 every year, while hoping to spend $41,655 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: 63/15/22 Blend
53$747,000$747,000$747,000$747,000
54$827,634$788,043$776,464$874,785
55$867,732$782,336$758,155$901,414
56$910,524$774,954$737,837$925,452
57$956,240$765,770$715,397$950,757
58$1,005,134$754,650$690,721$977,460
59$1,057,484$741,454$663,686$1,005,701
60$1,113,592$726,030$634,164$1,035,641
61$1,173,793$708,220$602,023$1,067,455
62$1,238,453$687,856$567,124$1,101,339
63$1,307,974$664,760$529,322$1,137,512
64$1,382,797$638,742$488,463$1,176,216
65$1,463,406$609,604$444,390$1,217,720
66$1,550,333$577,135$396,937$1,262,322
67$1,644,163$541,111$345,931$1,310,354
68$1,745,539$501,296$291,190$1,362,183
69$1,855,165$457,441$232,527$1,418,218
70$1,973,818$409,281$169,742$1,478,911
71$2,102,350$356,539$102,632$1,544,764
72$2,241,700$298,919$30,980$1,616,332
73$2,392,898$236,111$0$1,694,232
74$2,557,078$167,785$0$1,789,823
75$2,735,488$93,595$0$1,901,638
76$2,929,500$13,173$0$2,023,293
77$3,140,623$0$0$2,155,775
78$3,370,519$0$0$2,312,363
79$3,621,015$0$0$2,485,402
80$3,894,123$0$0$2,674,111
81$4,192,057$0$0$2,880,027
82$4,517,252$0$0$3,104,842
83$4,872,392$0$0$3,350,415
84$5,260,430$0$0$3,618,797
85$5,684,616$0$0$3,912,243
86$6,148,528$0$0$4,233,236
87$6,656,108$0$0$4,584,512
88$7,211,695$0$0$4,969,083
89$7,820,067$0$0$5,390,263
90$8,486,485$0$0$5,851,705
91$9,216,744$0$0$6,357,431
92$10,017,226$0$0$6,911,870
93$10,894,958$0$0$7,519,900
94$11,857,683$0$0$8,186,894
95$12,913,925$0$0$8,918,770
96$14,073,078$0$0$9,722,047
97$15,345,484$0$0$10,603,906
98$16,742,541$0$0$11,572,256
99$18,276,799$0$0$12,635,810
100$19,962,087$0$0$13,804,167