Can I retire at age 54 with 749,000?

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 $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%14.1%
1 years$61,852$61,301$60,763$60,239$59,726$58,713
2 years$30,620$30,049$29,497$28,961$28,441$27,423
3 years$20,210$19,638$19,086$18,556$18,044$17,053
4 years$15,007$14,436$13,890$13,368$12,869$11,913
5 years$11,885$11,318$10,779$10,268$9,783$8,865
6 years$9,805$9,242$8,711$8,211$7,741$6,861
7 years$8,320$7,761$7,239$6,751$6,295$5,455
8 years$7,206$6,653$6,139$5,663$5,223$4,421
9 years$6,341$5,792$5,288$4,824$4,398$3,635
10 years$5,649$5,106$4,610$4,158$3,748$3,021
11 years$5,083$4,545$4,059$3,619$3,223$2,534
12 years$4,612$4,080$3,602$3,174$2,793$2,140
13 years$4,213$3,687$3,218$2,802$2,436$1,817
14 years$3,872$3,351$2,891$2,488$2,135$1,551
15 years$3,577$3,061$2,611$2,219$1,880$1,328
16 years$3,318$2,809$2,367$1,986$1,661$1,142
17 years$3,091$2,587$2,154$1,785$1,473$984
18 years$2,889$2,390$1,966$1,608$1,310$850
19 years$2,708$2,215$1,800$1,453$1,167$735
20 years$2,546$2,059$1,652$1,316$1,043$637
21 years$2,399$1,917$1,519$1,195$933$553
22 years$2,266$1,790$1,400$1,086$836$481
23 years$2,144$1,674$1,293$989$751$419
24 years$2,033$1,568$1,196$902$675$365
25 years$1,931$1,472$1,108$824$607$318
26 years$1,837$1,383$1,027$753$547$277
27 years$1,750$1,302$954$690$493$242
28 years$1,669$1,227$887$632$445$211
29 years$1,594$1,157$825$579$402$185
30 years$1,525$1,093$769$532$363$161
31 years$1,459$1,033$717$488$328$141
32 years$1,399$978$669$449$297$123
33 years$1,341$926$624$413$269$108
34 years$1,288$878$583$380$243$94
35 years$1,237$832$545$350$220$83
36 years$1,190$790$510$322$200$72
37 years$1,145$750$477$297$181$63
38 years$1,102$713$447$273$164$55
39 years$1,062$678$419$252$149$49
40 years$1,024$645$393$233$135$43
41 years$988$614$368$215$122$37
42 years$954$585$345$198$111$33
43 years$921$557$324$183$101$29
44 years$890$531$304$169$92$25
45 years$860$506$286$156$83$22
46 years$832$483$268$144$75$19
47 years$805$461$252$133$68$17
48 years$779$440$237$123$62$15
49 years$755$420$223$114$56$13
50 years$731$402$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 $749,000, adding $5,111 every year, while hoping to spend $44,805 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: 46/40/14 Blend
53$749,000$749,000$749,000$749,000
54$830,670$790,973$779,363$865,366
55$867,726$782,059$757,800$881,060
56$907,060$771,206$734,012$893,111
57$948,858$758,272$707,879$905,201
58$993,321$743,106$679,272$917,351
59$1,040,671$725,550$648,059$929,588
60$1,091,150$705,433$614,101$941,944
61$1,145,025$682,577$577,251$954,457
62$1,202,587$656,792$537,358$967,174
63$1,264,154$627,878$494,262$980,148
64$1,330,076$595,623$447,799$993,445
65$1,400,737$559,802$397,793$1,007,141
66$1,476,558$520,178$344,065$1,021,321
67$1,558,001$476,500$286,425$1,036,089
68$1,645,572$428,504$224,675$1,051,562
69$1,739,827$375,908$158,609$1,067,874
70$1,841,379$318,416$88,011$1,085,179
71$1,950,898$255,717$12,658$1,103,655
72$2,069,121$187,478$0$1,123,503
73$2,196,858$113,352$0$1,155,072
74$2,335,001$32,969$0$1,191,178
75$2,484,527$0$0$1,230,260
76$2,646,512$0$0$1,296,485
77$2,822,140$0$0$1,384,094
78$3,012,711$0$0$1,479,233
79$3,219,655$0$0$1,582,626
80$3,444,547$0$0$1,695,069
81$3,689,117$0$0$1,817,439
82$3,955,269$0$0$1,950,699
83$4,245,100$0$0$2,095,909
84$4,560,915$0$0$2,254,238
85$4,905,252$0$0$2,426,969
86$5,280,904$0$0$2,615,517
87$5,690,944$0$0$2,821,438
88$6,138,758$0$0$3,046,446
89$6,628,069$0$0$3,292,427
90$7,162,980$0$0$3,561,458
91$7,748,005$0$0$3,855,827
92$8,388,117$0$0$4,178,051
93$9,088,789$0$0$4,530,903
94$9,856,050$0$0$4,917,437
95$10,696,538$0$0$5,341,015
96$11,617,563$0$0$5,805,341
97$12,627,178$0$0$6,314,494
98$13,734,248$0$0$6,872,966
99$14,948,542$0$0$7,485,706
100$16,280,816$0$0$8,158,164