Can I retire at age 54 with 719,000?

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 $719,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$59,374$58,845$58,329$57,826$57,334$56,949
2 years$29,393$28,846$28,315$27,801$27,302$26,913
3 years$19,401$18,851$18,322$17,812$17,321$16,942
4 years$14,406$13,858$13,334$12,833$12,354$11,986
5 years$11,409$10,864$10,347$9,857$9,391$9,036
6 years$9,412$8,872$8,362$7,883$7,431$7,089
7 years$7,987$7,450$6,949$6,481$6,043$5,715
8 years$6,918$6,386$5,893$5,436$5,014$4,698
9 years$6,087$5,560$5,076$4,631$4,222$3,920
10 years$5,422$4,901$4,425$3,992$3,597$3,309
11 years$4,879$4,363$3,896$3,474$3,094$2,818
12 years$4,427$3,916$3,458$3,047$2,681$2,418
13 years$4,044$3,539$3,089$2,690$2,338$2,087
14 years$3,717$3,217$2,776$2,388$2,049$1,811
15 years$3,433$2,939$2,506$2,130$1,805$1,578
16 years$3,185$2,696$2,272$1,907$1,595$1,379
17 years$2,967$2,483$2,067$1,713$1,414$1,210
18 years$2,773$2,295$1,887$1,544$1,257$1,064
19 years$2,600$2,127$1,728$1,395$1,121$937
20 years$2,444$1,976$1,586$1,264$1,001$828
21 years$2,303$1,841$1,459$1,147$896$732
22 years$2,175$1,718$1,344$1,043$803$649
23 years$2,058$1,607$1,241$950$721$575
24 years$1,952$1,506$1,148$866$648$511
25 years$1,854$1,413$1,063$791$583$454
26 years$1,763$1,328$986$723$525$404
27 years$1,680$1,250$916$662$473$360
28 years$1,602$1,178$851$607$427$321
29 years$1,531$1,111$792$556$386$286
30 years$1,464$1,049$738$510$349$255
31 years$1,401$992$688$469$315$228
32 years$1,342$939$642$431$285$203
33 years$1,288$889$599$396$258$181
34 years$1,236$842$560$365$234$162
35 years$1,188$799$523$336$212$145
36 years$1,142$758$490$309$192$130
37 years$1,099$720$458$285$174$116
38 years$1,058$684$429$262$157$104
39 years$1,020$651$402$242$143$93
40 years$983$619$377$223$130$83
41 years$948$589$353$206$118$74
42 years$915$561$332$190$107$66
43 years$884$535$311$175$97$59
44 years$854$510$292$162$88$53
45 years$826$486$274$150$80$48
46 years$799$464$258$138$72$43
47 years$773$443$242$128$66$38
48 years$748$423$227$118$60$34
49 years$725$404$214$109$54$31
50 years$702$385$201$101$49$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $719,000, adding $6,298 every year, while hoping to spend $21,687 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: 76/6/18 Blend
53$719,000$719,000$719,000$719,000
54$798,834$760,727$749,583$855,803
55$857,241$774,928$751,619$908,550
56$920,878$789,098$752,997$963,058
57$990,256$803,212$753,671$1,022,242
58$1,065,937$817,245$753,594$1,086,562
59$1,148,540$831,168$752,717$1,156,526
60$1,238,746$844,949$750,987$1,232,692
61$1,337,304$858,558$748,351$1,315,676
62$1,445,039$871,957$744,751$1,406,156
63$1,562,860$885,111$740,128$1,504,879
64$1,691,768$897,977$734,418$1,612,670
65$1,832,863$910,512$727,556$1,730,436
66$1,987,358$922,671$719,472$1,859,176
67$2,156,590$934,403$710,096$1,999,994
68$2,342,029$945,656$699,351$2,154,103
69$2,545,295$956,372$687,158$2,322,843
70$2,768,172$966,491$673,435$2,507,687
71$3,012,625$975,948$658,094$2,710,263
72$3,280,818$984,676$641,046$2,932,362
73$3,575,136$992,599$622,195$3,175,957
74$3,898,204$999,640$601,443$3,443,225
75$4,252,914$1,005,716$578,684$3,736,564
76$4,642,453$1,010,738$553,812$4,058,617
77$5,070,331$1,014,612$526,713$4,412,296
78$5,540,415$1,017,238$497,268$4,800,813
79$6,056,964$1,018,509$465,353$5,227,704
80$6,624,671$1,018,312$430,838$5,696,869
81$7,248,705$1,016,528$393,590$6,212,605
82$7,934,763$1,013,028$353,465$6,779,649
83$8,689,120$1,007,677$310,317$7,403,219
84$9,518,689$1,000,332$263,991$8,089,069
85$10,431,087$990,840$214,327$8,843,539
86$11,434,707$979,040$161,156$9,673,616
87$12,538,795$964,761$104,303$10,587,002
88$13,753,540$947,822$43,584$11,592,182
89$15,090,165$928,029$0$12,698,512
90$16,561,040$905,181$0$13,920,373
91$18,179,791$879,060$0$15,274,252
92$19,961,436$849,440$0$16,764,330
93$21,922,519$816,079$0$18,404,448
94$24,081,269$778,720$0$20,209,858
95$26,457,776$737,095$0$22,197,368
96$29,074,174$690,917$0$24,385,497
97$31,954,852$639,885$0$26,794,652
98$35,126,685$583,677$0$29,447,322
99$38,619,287$521,957$0$32,368,287
100$42,465,289$454,368$0$35,584,853