Can I retire at age 54 with 707,000?

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 $707,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$58,383$57,863$57,356$56,861$56,377$56,069
2 years$28,903$28,364$27,843$27,337$26,846$26,535
3 years$19,077$18,536$18,016$17,515$17,032$16,728
4 years$14,165$13,626$13,111$12,619$12,148$11,853
5 years$11,219$10,683$10,175$9,692$9,234$8,949
6 years$9,255$8,724$8,223$7,751$7,307$7,032
7 years$7,853$7,326$6,833$6,373$5,942$5,678
8 years$6,802$6,280$5,795$5,346$4,930$4,676
9 years$5,985$5,468$4,991$4,553$4,152$3,909
10 years$5,332$4,819$4,351$3,925$3,537$3,305
11 years$4,798$4,291$3,831$3,416$3,042$2,820
12 years$4,353$3,851$3,400$2,996$2,636$2,424
13 years$3,977$3,480$3,038$2,645$2,299$2,097
14 years$3,655$3,163$2,729$2,348$2,015$1,822
15 years$3,376$2,890$2,464$2,094$1,774$1,591
16 years$3,132$2,651$2,234$1,875$1,568$1,394
17 years$2,917$2,442$2,033$1,685$1,390$1,225
18 years$2,727$2,256$1,856$1,518$1,236$1,079
19 years$2,556$2,091$1,699$1,372$1,102$953
20 years$2,403$1,943$1,559$1,243$984$844
21 years$2,264$1,810$1,434$1,128$881$748
22 years$2,139$1,690$1,322$1,025$790$664
23 years$2,024$1,580$1,220$934$709$590
24 years$1,919$1,481$1,129$852$637$525
25 years$1,823$1,389$1,045$778$573$468
26 years$1,734$1,306$970$711$516$417
27 years$1,652$1,229$900$651$466$373
28 years$1,576$1,158$837$596$420$333
29 years$1,505$1,092$779$547$379$297
30 years$1,439$1,032$725$502$343$266
31 years$1,378$975$676$461$310$238
32 years$1,320$923$631$424$280$213
33 years$1,266$874$589$390$254$191
34 years$1,215$828$551$358$230$171
35 years$1,168$786$515$330$208$153
36 years$1,123$746$481$304$188$137
37 years$1,080$708$451$280$171$123
38 years$1,040$673$422$258$155$110
39 years$1,003$640$395$238$140$99
40 years$967$609$371$219$127$89
41 years$932$580$348$203$116$80
42 years$900$552$326$187$105$71
43 years$869$526$306$173$95$64
44 years$840$501$287$159$86$58
45 years$812$478$270$147$78$52
46 years$785$456$253$136$71$46
47 years$760$435$238$126$65$42
48 years$736$415$224$116$59$37
49 years$713$397$210$107$53$34
50 years$690$379$198$99$48$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $707,000, adding $3,742 every year, while hoping to spend $22,596 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: 45/25/30 Blend
53$707,000$707,000$707,000$707,000
54$782,974$745,503$734,544$811,267
55$838,795$757,991$735,110$844,302
56$899,553$770,333$734,937$877,667
57$965,727$782,499$733,976$913,428
58$1,037,845$794,455$732,178$951,825
59$1,116,488$806,166$729,489$993,117
60$1,202,295$817,593$725,852$1,037,597
61$1,295,970$828,696$721,209$1,085,583
62$1,398,287$839,431$715,498$1,137,429
63$1,510,100$849,751$708,655$1,193,526
64$1,632,347$859,605$700,612$1,254,305
65$1,766,063$868,942$691,299$1,320,244
66$1,912,385$877,704$680,640$1,391,868
67$2,072,566$885,829$668,560$1,469,760
68$2,247,987$893,254$654,976$1,554,562
69$2,440,167$899,909$639,803$1,646,982
70$2,650,781$905,722$622,954$1,747,806
71$2,881,672$910,613$604,333$1,857,896
72$3,134,869$914,500$583,846$1,978,208
73$3,412,610$917,294$561,388$2,109,797
74$3,717,356$918,902$536,855$2,253,827
75$4,051,822$919,223$510,135$2,411,581
76$4,418,994$918,152$481,111$2,584,478
77$4,822,166$915,576$449,663$2,774,084
78$5,264,963$911,375$415,663$2,982,126
79$5,751,380$905,423$378,978$3,210,510
80$6,285,817$897,585$339,470$3,461,341
81$6,873,123$887,719$296,994$3,736,941
82$7,518,637$875,673$251,399$4,039,872
83$8,228,244$861,287$202,527$4,372,960
84$9,008,426$844,391$150,213$4,739,324
85$9,866,325$824,806$94,285$5,142,407
86$10,809,810$802,341$34,563$5,586,003
87$11,847,549$776,794$0$6,074,303
88$12,989,095$747,953$0$6,621,262
89$14,244,971$715,591$0$7,235,054
90$15,626,772$679,469$0$7,910,291
91$17,147,274$639,335$0$8,653,240
92$18,820,555$594,921$0$9,470,813
93$20,662,125$545,945$0$10,370,627
94$22,689,074$492,109$0$11,361,077
95$24,920,233$433,096$0$12,451,419
96$27,376,352$368,572$0$13,651,853
97$30,080,294$298,186$0$14,973,626
98$33,057,252$221,566$0$16,429,132
99$36,334,985$138,317$0$18,032,033
100$39,944,084$48,024$0$19,797,389