Can I retire at age 54 with 748,000?

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 $748,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$61,769$61,219$60,682$60,158$59,647$58,634
2 years$30,579$30,009$29,457$28,922$28,403$27,386
3 years$20,183$19,611$19,061$18,531$18,020$17,031
4 years$14,987$14,416$13,871$13,350$12,852$11,897
5 years$11,869$11,303$10,765$10,254$9,770$8,853
6 years$9,792$9,229$8,700$8,200$7,731$6,852
7 years$8,309$7,751$7,229$6,742$6,287$5,447
8 years$7,197$6,644$6,131$5,656$5,216$4,415
9 years$6,332$5,785$5,281$4,817$4,392$3,630
10 years$5,641$5,099$4,604$4,153$3,743$3,017
11 years$5,076$4,539$4,053$3,614$3,219$2,530
12 years$4,605$4,074$3,597$3,170$2,789$2,137
13 years$4,208$3,682$3,214$2,799$2,432$1,815
14 years$3,867$3,347$2,888$2,484$2,132$1,549
15 years$3,572$3,057$2,607$2,216$1,877$1,327
16 years$3,314$2,805$2,364$1,984$1,659$1,140
17 years$3,087$2,583$2,151$1,782$1,471$982
18 years$2,885$2,387$1,963$1,606$1,308$849
19 years$2,704$2,212$1,797$1,451$1,166$734
20 years$2,542$2,056$1,650$1,315$1,041$637
21 years$2,396$1,915$1,517$1,193$932$553
22 years$2,263$1,788$1,398$1,085$835$480
23 years$2,141$1,672$1,291$988$750$418
24 years$2,030$1,566$1,194$901$674$364
25 years$1,928$1,470$1,106$823$606$317
26 years$1,834$1,382$1,026$752$546$277
27 years$1,748$1,300$953$689$493$242
28 years$1,667$1,225$886$631$444$211
29 years$1,592$1,156$824$579$401$184
30 years$1,523$1,092$768$531$363$161
31 years$1,458$1,032$716$488$328$141
32 years$1,397$976$668$448$297$123
33 years$1,340$925$623$412$268$108
34 years$1,286$876$582$379$243$94
35 years$1,236$831$545$349$220$83
36 years$1,188$789$509$322$199$72
37 years$1,143$749$477$296$181$63
38 years$1,101$712$447$273$164$55
39 years$1,061$677$418$252$149$49
40 years$1,023$644$392$232$135$42
41 years$987$613$368$214$122$37
42 years$952$584$345$198$111$33
43 years$920$556$324$183$101$29
44 years$889$530$304$169$91$25
45 years$859$506$285$156$83$22
46 years$831$483$268$144$75$19
47 years$804$460$252$133$68$17
48 years$778$440$237$123$62$15
49 years$754$420$222$113$56$13
50 years$730$401$209$105$51$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $748,000, adding $2,985 every year, while hoping to spend $54,165 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: 60/29/11 Blend
53$748,000$748,000$748,000$748,000
54$827,375$787,731$776,137$874,688
55$854,136$768,699$744,506$887,798
56$881,812$746,918$710,001$895,692
57$910,437$722,198$672,467$902,980
58$940,051$694,335$631,744$909,608
59$970,693$663,115$587,664$915,518
60$1,002,406$628,309$540,053$920,648
61$1,035,233$589,678$488,727$924,934
62$1,069,222$546,968$433,494$928,308
63$1,104,423$499,909$374,156$930,699
64$1,140,887$448,218$310,503$932,032
65$1,178,670$391,593$242,318$932,227
66$1,217,833$329,719$169,374$931,202
67$1,258,436$262,260$91,432$928,868
68$1,300,547$188,861$8,245$925,134
69$1,344,236$109,149$0$919,904
70$1,389,579$22,728$0$922,529
71$1,436,656$0$0$925,099
72$1,485,554$0$0$949,167
73$1,536,363$0$0$981,720
74$1,589,183$0$0$1,015,570
75$1,644,117$0$0$1,050,784
76$1,701,279$0$0$1,087,435
77$1,760,790$0$0$1,125,604
78$1,822,779$0$0$1,165,374
79$1,887,386$0$0$1,206,838
80$1,954,762$0$0$1,250,092
81$2,025,068$0$0$1,295,243
82$2,098,479$0$0$1,342,405
83$2,175,184$0$0$1,391,701
84$2,255,388$0$0$1,443,266
85$2,339,309$0$0$1,497,243
86$2,427,187$0$0$1,553,788
87$2,519,281$0$0$1,613,072
88$2,615,870$0$0$1,675,278
89$2,717,260$0$0$1,740,605
90$2,823,781$0$0$1,809,271
91$2,935,792$0$0$1,881,512
92$3,053,683$0$0$1,957,583
93$3,177,880$0$0$2,037,765
94$3,308,846$0$0$2,122,361
95$3,447,086$0$0$2,211,703
96$3,593,149$0$0$2,306,153
97$3,747,636$0$0$2,406,106
98$3,911,202$0$0$2,511,994
99$4,084,563$0$0$2,624,286
100$4,268,501$0$0$2,743,499