Can I retire at age 54 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$61,852$61,301$60,763$60,239$59,726$57,379
2 years$30,620$30,049$29,497$28,961$28,441$26,105
3 years$20,210$19,638$19,086$18,556$18,044$15,793
4 years$15,007$14,436$13,890$13,368$12,869$10,720
5 years$11,885$11,318$10,779$10,268$9,783$7,741
6 years$9,805$9,242$8,711$8,211$7,741$5,808
7 years$8,320$7,761$7,239$6,751$6,295$4,470
8 years$7,206$6,653$6,139$5,663$5,223$3,503
9 years$6,341$5,792$5,288$4,824$4,398$2,783
10 years$5,649$5,106$4,610$4,158$3,748$2,232
11 years$5,083$4,545$4,059$3,619$3,223$1,805
12 years$4,612$4,080$3,602$3,174$2,793$1,468
13 years$4,213$3,687$3,218$2,802$2,436$1,200
14 years$3,872$3,351$2,891$2,488$2,135$984
15 years$3,577$3,061$2,611$2,219$1,880$810
16 years$3,318$2,809$2,367$1,986$1,661$668
17 years$3,091$2,587$2,154$1,785$1,473$552
18 years$2,889$2,390$1,966$1,608$1,310$457
19 years$2,708$2,215$1,800$1,453$1,167$379
20 years$2,546$2,059$1,652$1,316$1,043$315
21 years$2,399$1,917$1,519$1,195$933$262
22 years$2,266$1,790$1,400$1,086$836$218
23 years$2,144$1,674$1,293$989$751$181
24 years$2,033$1,568$1,196$902$675$151
25 years$1,931$1,472$1,108$824$607$126
26 years$1,837$1,383$1,027$753$547$105
27 years$1,750$1,302$954$690$493$87
28 years$1,669$1,227$887$632$445$73
29 years$1,594$1,157$825$579$402$61
30 years$1,525$1,093$769$532$363$51
31 years$1,459$1,033$717$488$328$42
32 years$1,399$978$669$449$297$35
33 years$1,341$926$624$413$269$29
34 years$1,288$878$583$380$243$24
35 years$1,237$832$545$350$220$20
36 years$1,190$790$510$322$200$17
37 years$1,145$750$477$297$181$14
38 years$1,102$713$447$273$164$12
39 years$1,062$678$419$252$149$10
40 years$1,024$645$393$233$135$8
41 years$988$614$368$215$122$7
42 years$954$585$345$198$111$6
43 years$921$557$324$183$101$5
44 years$890$531$304$169$92$4
45 years$860$506$286$156$83$3
46 years$832$483$268$144$75$3
47 years$805$461$252$133$68$2
48 years$779$440$237$123$62$2
49 years$755$420$223$114$56$2
50 years$731$402$209$105$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $749,000, adding $4,165 every year, while hoping to spend $26,299 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: 77/12/11 Blend
53$749,000$749,000$749,000$749,000
54$829,694$789,997$778,388$891,586
55$886,341$800,725$776,482$943,631
56$947,884$811,097$773,631$996,912
57$1,014,796$821,069$769,775$1,054,586
58$1,087,595$830,590$764,852$1,117,080
59$1,166,852$839,612$758,796$1,184,866
60$1,253,195$848,077$751,540$1,258,460
61$1,347,316$855,928$743,012$1,338,435
62$1,449,976$863,102$733,136$1,425,419
63$1,562,012$869,532$721,835$1,520,107
64$1,684,345$875,148$709,025$1,623,263
65$1,817,992$879,873$694,621$1,735,727
66$1,964,069$883,628$678,532$1,858,428
67$2,123,805$886,328$660,664$1,992,389
68$2,298,556$887,881$640,919$2,138,736
69$2,489,813$888,191$619,194$2,298,710
70$2,699,216$887,155$595,380$2,473,680
71$2,928,576$884,665$569,364$2,665,153
72$3,179,882$880,605$541,030$2,874,792
73$3,455,329$874,853$510,253$3,104,428
74$3,757,330$867,279$476,904$3,356,079
75$4,088,547$857,744$440,849$3,631,970
76$4,451,908$846,104$401,948$3,934,554
77$4,850,642$832,202$360,052$4,266,532
78$5,288,303$815,876$315,010$4,630,883
79$5,768,807$796,950$266,659$5,030,889
80$6,296,467$775,242$214,833$5,470,168
81$6,876,034$750,557$159,358$5,952,708
82$7,512,742$722,687$100,049$6,482,904
83$8,212,359$691,416$36,718$7,065,600
84$8,981,236$656,511$0$7,706,134
85$9,826,372$617,730$0$8,414,014
86$10,755,476$574,813$0$9,196,937
87$11,777,044$527,489$0$10,057,762
88$12,900,434$475,467$0$11,004,394
89$14,135,957$418,443$0$12,045,544
90$15,494,973$356,096$0$13,190,810
91$16,989,999$288,083$0$14,450,771
92$18,634,825$214,045$0$15,837,084
93$20,444,647$133,603$0$17,362,593
94$22,436,207$46,355$0$19,041,455
95$24,627,951$0$0$20,889,269
96$27,040,205$0$0$22,929,580
97$29,695,365$0$0$25,182,114
98$32,618,110$0$0$27,661,688
99$35,835,629$0$0$30,391,376
100$39,377,886$0$0$33,396,599