Can I retire at age 54 with 718,000?

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 $718,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$59,292$58,764$58,248$57,745$57,254$55,113
2 years$29,352$28,806$28,276$27,762$27,264$25,131
3 years$19,374$18,825$18,296$17,788$17,297$15,240
4 years$14,386$13,838$13,315$12,815$12,337$10,371
5 years$11,393$10,849$10,333$9,843$9,378$7,509
6 years$9,399$8,859$8,351$7,872$7,421$5,649
7 years$7,975$7,440$6,939$6,472$6,035$4,360
8 years$6,908$6,377$5,885$5,429$5,007$3,428
9 years$6,078$5,553$5,069$4,624$4,216$2,731
10 years$5,415$4,894$4,419$3,986$3,592$2,198
11 years$4,872$4,357$3,891$3,469$3,090$1,783
12 years$4,421$3,911$3,453$3,043$2,677$1,455
13 years$4,039$3,534$3,085$2,686$2,335$1,193
14 years$3,712$3,213$2,772$2,385$2,047$982
15 years$3,429$2,935$2,503$2,127$1,802$811
16 years$3,181$2,693$2,269$1,904$1,593$672
17 years$2,963$2,480$2,065$1,711$1,412$557
18 years$2,769$2,291$1,885$1,542$1,256$463
19 years$2,596$2,124$1,725$1,393$1,119$386
20 years$2,440$1,973$1,583$1,262$1,000$321
21 years$2,300$1,838$1,456$1,145$895$268
22 years$2,172$1,716$1,342$1,041$802$224
23 years$2,056$1,605$1,239$948$720$187
24 years$1,949$1,504$1,146$865$647$156
25 years$1,851$1,411$1,062$790$582$131
26 years$1,761$1,326$985$722$524$109
27 years$1,678$1,248$914$661$473$91
28 years$1,600$1,176$850$606$427$77
29 years$1,528$1,109$791$555$385$64
30 years$1,462$1,048$737$510$348$54
31 years$1,399$990$687$468$315$45
32 years$1,341$937$641$430$285$38
33 years$1,286$888$598$396$258$32
34 years$1,234$841$559$364$233$26
35 years$1,186$798$523$335$211$22
36 years$1,140$757$489$309$191$19
37 years$1,097$719$458$284$173$16
38 years$1,057$684$429$262$157$13
39 years$1,018$650$402$242$143$11
40 years$982$618$376$223$129$9
41 years$947$589$353$206$117$8
42 years$914$561$331$190$106$6
43 years$883$534$311$175$97$5
44 years$853$509$292$162$88$5
45 years$825$486$274$149$80$4
46 years$798$463$257$138$72$3
47 years$772$442$242$128$66$3
48 years$747$422$227$118$60$2
49 years$724$403$213$109$54$2
50 years$701$385$201$101$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $718,000, adding $5,687 every year, while hoping to spend $47,282 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: 57/16/27 Blend
53$718,000$718,000$718,000$718,000
54$797,102$759,048$747,919$836,353
55$828,099$745,934$722,667$850,790
56$860,673$730,592$694,984$861,070
57$894,934$712,864$664,739$871,299
58$931,004$692,582$631,794$881,485
59$969,015$669,566$596,007$891,642
60$1,009,108$643,628$557,227$901,786
61$1,051,440$614,569$515,297$911,938
62$1,096,181$582,177$470,054$922,124
63$1,143,517$546,230$421,327$932,374
64$1,193,650$506,489$368,936$942,728
65$1,246,802$462,707$312,694$953,230
66$1,303,215$414,618$252,408$963,933
67$1,363,153$361,944$187,874$974,901
68$1,426,905$304,390$118,878$986,206
69$1,494,788$241,644$45,199$997,933
70$1,567,149$173,377$0$1,010,180
71$1,644,367$99,242$0$1,032,691
72$1,726,859$18,871$0$1,070,487
73$1,815,080$0$0$1,110,753
74$1,909,530$0$0$1,165,729
75$2,010,758$0$0$1,228,252
76$2,119,364$0$0$1,295,376
77$2,236,008$0$0$1,367,514
78$2,361,415$0$0$1,445,122
79$2,496,379$0$0$1,528,696
80$2,641,774$0$0$1,618,783
81$2,798,558$0$0$1,715,986
82$2,967,785$0$0$1,820,965
83$3,150,612$0$0$1,934,444
84$3,348,310$0$0$2,057,222
85$3,562,279$0$0$2,190,176
86$3,794,054$0$0$2,334,269
87$4,045,326$0$0$2,490,562
88$4,317,952$0$0$2,660,219
89$4,613,976$0$0$2,844,524
90$4,935,646$0$0$3,044,886
91$5,285,434$0$0$3,262,857
92$5,666,061$0$0$3,500,144
93$6,080,519$0$0$3,758,625
94$6,532,102$0$0$4,040,368
95$7,024,434$0$0$4,347,646
96$7,561,506$0$0$4,682,965
97$8,147,707$0$0$5,049,079
98$8,787,871$0$0$5,449,024
99$9,487,318$0$0$5,886,139
100$10,251,905$0$0$6,364,100