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%11.6%
1 years$61,687$61,137$60,601$60,078$59,567$59,167
2 years$30,538$29,969$29,418$28,884$28,365$27,962
3 years$20,156$19,585$19,035$18,506$17,996$17,601
4 years$14,967$14,397$13,853$13,333$12,835$12,453
5 years$11,854$11,288$10,750$10,241$9,757$9,388
6 years$9,779$9,217$8,688$8,190$7,720$7,365
7 years$8,298$7,741$7,220$6,733$6,279$5,937
8 years$7,187$6,635$6,123$5,648$5,209$4,881
9 years$6,324$5,777$5,274$4,811$4,387$4,073
10 years$5,634$5,092$4,598$4,147$3,738$3,437
11 years$5,069$4,533$4,048$3,609$3,214$2,928
12 years$4,599$4,069$3,592$3,166$2,786$2,512
13 years$4,202$3,677$3,209$2,795$2,429$2,168
14 years$3,862$3,342$2,884$2,481$2,129$1,881
15 years$3,567$3,053$2,604$2,213$1,875$1,639
16 years$3,309$2,801$2,361$1,981$1,657$1,433
17 years$3,082$2,580$2,148$1,780$1,469$1,257
18 years$2,881$2,384$1,961$1,604$1,306$1,105
19 years$2,701$2,209$1,795$1,450$1,164$974
20 years$2,539$2,053$1,647$1,313$1,040$860
21 years$2,392$1,912$1,515$1,191$931$761
22 years$2,260$1,785$1,397$1,083$834$674
23 years$2,139$1,670$1,289$987$749$598
24 years$2,028$1,564$1,193$900$673$531
25 years$1,926$1,468$1,105$822$606$472
26 years$1,832$1,380$1,024$751$546$420
27 years$1,745$1,298$951$688$492$374
28 years$1,665$1,224$884$630$444$333
29 years$1,590$1,154$823$578$401$297
30 years$1,521$1,090$767$530$362$265
31 years$1,456$1,030$715$487$327$236
32 years$1,395$975$667$448$296$211
33 years$1,338$923$623$412$268$189
34 years$1,284$875$582$379$243$168
35 years$1,234$830$544$349$220$151
36 years$1,186$788$509$321$199$135
37 years$1,142$748$476$296$180$120
38 years$1,099$711$446$273$164$108
39 years$1,059$676$418$251$148$96
40 years$1,021$643$392$232$135$86
41 years$985$612$367$214$122$77
42 years$951$583$344$197$111$69
43 years$919$556$323$182$101$62
44 years$888$530$303$168$91$55
45 years$858$505$285$155$83$50
46 years$830$482$268$144$75$44
47 years$803$460$251$133$68$40
48 years$777$439$236$123$62$36
49 years$753$419$222$113$56$32
50 years$729$400$209$105$51$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $747,000, adding $5,798 every year, while hoping to spend $40,671 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: 22/50/28 Blend
53$747,000$747,000$747,000$747,000
54$829,175$789,584$778,005$839,964
55$870,477$785,000$760,795$845,367
56$914,629$778,828$741,645$847,369
57$961,878$770,948$720,447$848,636
58$1,012,496$761,231$697,089$849,134
59$1,066,782$749,542$671,452$848,829
60$1,125,061$735,737$643,413$847,691
61$1,187,693$719,664$612,843$845,689
62$1,255,072$701,162$579,608$842,794
63$1,327,630$680,059$543,565$838,982
64$1,405,841$656,175$504,568$834,230
65$1,490,229$629,319$462,462$828,520
66$1,581,365$599,288$417,087$821,838
67$1,679,879$565,869$368,275$814,175
68$1,786,464$528,834$315,850$805,532
69$1,901,881$487,944$259,628$795,912
70$2,026,966$442,947$199,419$785,332
71$2,162,639$393,574$135,022$773,816
72$2,309,912$339,543$66,229$761,400
73$2,469,898$280,555$0$748,135
74$2,643,819$216,294$0$736,233
75$2,833,024$146,427$0$744,886
76$3,038,992$70,602$0$754,460
77$3,263,355$0$0$765,155
78$3,507,906$0$0$783,556
79$3,774,620$0$0$846,110
80$4,065,668$0$0$914,499
81$4,383,444$0$0$989,298
82$4,730,580$0$0$1,071,145
83$5,109,975$0$0$1,160,739
84$5,524,820$0$0$1,258,853
85$5,978,628$0$0$1,366,336
86$6,475,268$0$0$1,484,123
87$7,019,000$0$0$1,613,245
88$7,614,515$0$0$1,754,836
89$8,266,980$0$0$1,910,146
90$8,982,083$0$0$2,080,551
91$9,766,091$0$0$2,267,568
92$10,625,904$0$0$2,472,868
93$11,569,124$0$0$2,698,289
94$12,604,123$0$0$2,945,858
95$13,740,123$0$0$3,217,808
96$14,987,281$0$0$3,516,599
97$16,356,788$0$0$3,844,940
98$17,860,970$0$0$4,205,815
99$19,513,406$0$0$4,602,513
100$21,329,055$0$0$5,038,656