Can I retire at age 54 with 715,000?

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 $715,000?

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$59,044$58,518$58,005$57,504$57,015$56,048
2 years$29,230$28,685$28,158$27,646$27,150$26,178
3 years$19,293$18,746$18,220$17,713$17,225$16,279
4 years$14,325$13,780$13,259$12,761$12,285$11,373
5 years$11,346$10,804$10,290$9,802$9,339$8,462
6 years$9,360$8,822$8,316$7,839$7,390$6,550
7 years$7,942$7,409$6,910$6,445$6,010$5,207
8 years$6,879$6,351$5,861$5,406$4,986$4,220
9 years$6,053$5,530$5,048$4,605$4,199$3,470
10 years$5,392$4,874$4,401$3,969$3,577$2,884
11 years$4,852$4,339$3,874$3,455$3,077$2,419
12 years$4,402$3,895$3,438$3,030$2,666$2,043
13 years$4,022$3,519$3,072$2,675$2,325$1,735
14 years$3,696$3,199$2,760$2,375$2,038$1,480
15 years$3,414$2,922$2,492$2,118$1,794$1,268
16 years$3,168$2,681$2,259$1,896$1,586$1,090
17 years$2,950$2,469$2,056$1,704$1,406$939
18 years$2,757$2,282$1,877$1,535$1,250$811
19 years$2,585$2,115$1,718$1,387$1,114$702
20 years$2,430$1,965$1,577$1,257$995$609
21 years$2,290$1,830$1,450$1,140$891$528
22 years$2,163$1,709$1,337$1,037$799$459
23 years$2,047$1,598$1,234$944$717$400
24 years$1,941$1,497$1,141$861$644$348
25 years$1,843$1,405$1,057$787$580$303
26 years$1,754$1,321$981$719$522$265
27 years$1,671$1,243$911$658$471$231
28 years$1,594$1,171$846$603$425$202
29 years$1,522$1,105$788$553$384$176
30 years$1,455$1,043$734$508$347$154
31 years$1,393$986$684$466$313$135
32 years$1,335$933$638$428$283$118
33 years$1,280$884$596$394$257$103
34 years$1,229$838$557$363$232$90
35 years$1,181$795$521$334$210$79
36 years$1,136$754$487$307$191$69
37 years$1,093$716$456$283$173$60
38 years$1,052$681$427$261$157$53
39 years$1,014$647$400$241$142$46
40 years$978$616$375$222$129$41
41 years$943$586$351$205$117$36
42 years$910$558$330$189$106$31
43 years$879$532$309$174$96$27
44 years$850$507$290$161$87$24
45 years$821$484$273$149$79$21
46 years$794$461$256$137$72$18
47 years$769$440$241$127$65$16
48 years$744$420$226$117$59$14
49 years$721$401$213$108$54$12
50 years$698$383$200$100$49$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $715,000, adding $6,723 every year, while hoping to spend $49,882 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: 78/15/7 Blend
53$715,000$715,000$715,000$715,000
54$794,865$756,970$745,887$855,685
55$822,867$740,987$717,800$880,564
56$852,053$722,550$687,101$900,679
57$882,493$701,484$653,648$921,262
58$914,258$677,608$617,296$942,338
59$947,428$650,727$577,892$963,933
60$982,089$620,635$535,274$986,077
61$1,018,333$587,118$489,277$1,008,804
62$1,056,260$549,944$439,725$1,032,150
63$1,095,979$508,871$386,436$1,056,158
64$1,137,606$463,643$329,219$1,080,874
65$1,181,269$413,989$267,875$1,106,352
66$1,227,106$359,622$202,197$1,132,649
67$1,275,267$300,239$131,966$1,159,831
68$1,325,914$235,522$56,958$1,187,972
69$1,379,226$165,130$0$1,217,155
70$1,435,395$88,709$0$1,249,195
71$1,494,630$5,881$0$1,287,124
72$1,557,162$0$0$1,326,816
73$1,623,239$0$0$1,382,245
74$1,693,135$0$0$1,441,914
75$1,767,146$0$0$1,505,108
76$1,845,598$0$0$1,572,105
77$1,928,845$0$0$1,643,211
78$2,017,275$0$0$1,718,758
79$2,111,314$0$0$1,799,111
80$2,211,425$0$0$1,884,668
81$2,318,118$0$0$1,975,867
82$2,431,949$0$0$2,073,186
83$2,553,528$0$0$2,177,148
84$2,683,524$0$0$2,288,328
85$2,822,670$0$0$2,407,355
86$2,971,770$0$0$2,534,920
87$3,131,705$0$0$2,671,780
88$3,303,444$0$0$2,818,766
89$3,488,047$0$0$2,976,790
90$3,686,682$0$0$3,146,854
91$3,900,626$0$0$3,330,057
92$4,131,287$0$0$3,527,607
93$4,380,209$0$0$3,740,830
94$4,649,087$0$0$3,971,185
95$4,939,787$0$0$4,220,272
96$5,254,359$0$0$4,489,853
97$5,595,054$0$0$4,781,864
98$5,964,349$0$0$5,098,432
99$6,364,969$0$0$5,441,897
100$6,799,908$0$0$5,814,834