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%15.3%
1 years$61,769$61,219$60,682$60,158$59,647$58,347
2 years$30,579$30,009$29,457$28,922$28,403$27,100
3 years$20,183$19,611$19,061$18,531$18,020$16,755
4 years$14,987$14,416$13,871$13,350$12,852$11,634
5 years$11,869$11,303$10,765$10,254$9,770$8,603
6 years$9,792$9,229$8,700$8,200$7,731$6,615
7 years$8,309$7,751$7,229$6,742$6,287$5,224
8 years$7,197$6,644$6,131$5,656$5,216$4,204
9 years$6,332$5,785$5,281$4,817$4,392$3,432
10 years$5,641$5,099$4,604$4,153$3,743$2,832
11 years$5,076$4,539$4,053$3,614$3,219$2,357
12 years$4,605$4,074$3,597$3,170$2,789$1,975
13 years$4,208$3,682$3,214$2,799$2,432$1,664
14 years$3,867$3,347$2,888$2,484$2,132$1,408
15 years$3,572$3,057$2,607$2,216$1,877$1,196
16 years$3,314$2,805$2,364$1,984$1,659$1,020
17 years$3,087$2,583$2,151$1,782$1,471$871
18 years$2,885$2,387$1,963$1,606$1,308$746
19 years$2,704$2,212$1,797$1,451$1,166$640
20 years$2,542$2,056$1,650$1,315$1,041$550
21 years$2,396$1,915$1,517$1,193$932$473
22 years$2,263$1,788$1,398$1,085$835$407
23 years$2,141$1,672$1,291$988$750$351
24 years$2,030$1,566$1,194$901$674$303
25 years$1,928$1,470$1,106$823$606$262
26 years$1,834$1,382$1,026$752$546$226
27 years$1,748$1,300$953$689$493$195
28 years$1,667$1,225$886$631$444$169
29 years$1,592$1,156$824$579$401$146
30 years$1,523$1,092$768$531$363$126
31 years$1,458$1,032$716$488$328$109
32 years$1,397$976$668$448$297$95
33 years$1,340$925$623$412$268$82
34 years$1,286$876$582$379$243$71
35 years$1,236$831$545$349$220$62
36 years$1,188$789$509$322$199$53
37 years$1,143$749$477$296$181$46
38 years$1,101$712$447$273$164$40
39 years$1,061$677$418$252$149$35
40 years$1,023$644$392$232$135$30
41 years$987$613$368$214$122$26
42 years$952$584$345$198$111$23
43 years$920$556$324$183$101$20
44 years$889$530$304$169$91$17
45 years$859$506$285$156$83$15
46 years$831$483$268$144$75$13
47 years$804$460$252$133$68$11
48 years$778$440$237$123$62$10
49 years$754$420$222$113$56$8
50 years$730$401$209$105$51$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $748,000, adding $5,020 every year, while hoping to spend $40,849 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: 62/32/6 Blend
53$748,000$748,000$748,000$748,000
54$829,474$789,830$778,236$879,699
55$870,617$785,069$760,844$909,070
56$914,588$778,705$741,500$935,888
57$961,632$770,617$720,096$964,102
58$1,012,018$760,677$696,518$993,846
59$1,066,040$748,746$670,648$1,025,269
60$1,124,022$734,681$642,361$1,058,535
61$1,186,320$718,328$611,528$1,093,828
62$1,253,324$699,525$578,013$1,131,350
63$1,325,460$678,099$541,674$1,171,329
64$1,403,200$653,869$502,363$1,214,015
65$1,487,060$626,642$459,925$1,259,686
66$1,577,606$596,214$414,199$1,308,652
67$1,675,462$562,368$365,015$1,361,257
68$1,781,313$524,879$312,197$1,417,879
69$1,895,913$483,503$255,561$1,478,943
70$2,020,087$437,986$194,914$1,544,915
71$2,154,748$388,059$130,055$1,616,316
72$2,300,895$333,437$60,775$1,693,720
73$2,459,630$273,819$0$1,777,765
74$2,632,163$208,886$0$1,870,000
75$2,819,826$138,304$0$1,974,573
76$3,024,085$61,718$0$2,088,471
77$3,246,553$0$0$2,212,669
78$3,489,003$0$0$2,355,731
79$3,753,390$0$0$2,535,485
80$4,041,862$0$0$2,731,668
81$4,356,786$0$0$2,945,895
82$4,700,765$0$0$3,179,944
83$5,076,667$0$0$3,435,773
84$5,487,649$0$0$3,715,539
85$5,937,185$0$0$4,021,614
86$6,429,102$0$0$4,356,612
87$6,967,615$0$0$4,723,411
88$7,557,362$0$0$5,125,180
89$8,203,453$0$0$5,565,409
90$8,911,516$0$0$6,047,941
91$9,687,748$0$0$6,577,009
92$10,538,973$0$0$7,157,276
93$11,472,711$0$0$7,793,876
94$12,497,240$0$0$8,492,467
95$13,621,683$0$0$9,259,277
96$14,856,085$0$0$10,101,171
97$16,211,514$0$0$11,025,707
98$17,700,159$0$0$12,041,214
99$19,335,451$0$0$13,156,865
100$21,132,184$0$0$14,382,767