Can I retire at age 54 with 722,000?

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 $722,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$59,622$59,091$58,573$58,067$57,573$56,713
2 years$29,516$28,966$28,433$27,917$27,416$26,551
3 years$19,482$18,930$18,398$17,887$17,394$16,551
4 years$14,466$13,915$13,389$12,886$12,405$11,592
5 years$11,457$10,910$10,391$9,898$9,430$8,648
6 years$9,452$8,909$8,397$7,915$7,462$6,712
7 years$8,020$7,481$6,978$6,508$6,069$5,351
8 years$6,947$6,413$5,918$5,459$5,034$4,349
9 years$6,112$5,584$5,097$4,650$4,240$3,586
10 years$5,445$4,922$4,444$4,008$3,612$2,990
11 years$4,900$4,382$3,912$3,488$3,107$2,516
12 years$4,445$3,933$3,472$3,060$2,692$2,131
13 years$4,061$3,554$3,102$2,701$2,348$1,816
14 years$3,732$3,230$2,787$2,398$2,058$1,555
15 years$3,448$2,951$2,516$2,139$1,812$1,336
16 years$3,199$2,708$2,282$1,915$1,601$1,153
17 years$2,979$2,494$2,076$1,720$1,420$997
18 years$2,784$2,304$1,895$1,551$1,263$864
19 years$2,610$2,135$1,735$1,401$1,125$751
20 years$2,454$1,984$1,592$1,269$1,005$653
21 years$2,312$1,848$1,465$1,152$900$569
22 years$2,184$1,725$1,350$1,047$806$497
23 years$2,067$1,614$1,246$954$724$434
24 years$1,960$1,512$1,153$870$651$379
25 years$1,861$1,419$1,068$794$585$332
26 years$1,771$1,334$990$726$527$291
27 years$1,687$1,255$919$665$475$255
28 years$1,609$1,183$855$609$429$223
29 years$1,537$1,116$795$559$387$196
30 years$1,470$1,054$741$513$350$172
31 years$1,407$996$691$471$316$151
32 years$1,348$942$644$433$286$133
33 years$1,293$892$602$398$259$116
34 years$1,241$846$562$366$235$102
35 years$1,193$802$526$337$212$90
36 years$1,147$761$492$310$192$79
37 years$1,103$723$460$286$174$70
38 years$1,062$687$431$264$158$61
39 years$1,024$654$404$243$143$54
40 years$987$622$378$224$130$47
41 years$952$592$355$207$118$42
42 years$919$564$333$191$107$37
43 years$888$537$312$176$97$32
44 years$858$512$293$163$88$28
45 years$829$488$275$150$80$25
46 years$802$466$259$139$73$22
47 years$776$444$243$128$66$19
48 years$751$424$228$118$60$17
49 years$728$405$215$109$54$15
50 years$705$387$202$101$49$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $722,000, adding $4,295 every year, while hoping to spend $24,957 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: 77/9/14 Blend
53$722,000$722,000$722,000$722,000
54$800,074$761,808$750,617$859,036
55$855,128$772,583$749,209$909,280
56$914,960$783,049$746,917$960,780
57$980,033$793,165$743,685$1,016,560
58$1,050,853$802,887$739,455$1,077,037
59$1,127,979$812,167$734,166$1,142,673
60$1,212,024$820,955$727,752$1,213,974
61$1,303,666$829,197$720,147$1,291,498
62$1,403,647$836,835$711,279$1,375,863
63$1,512,788$843,808$701,075$1,467,746
64$1,631,988$850,051$689,458$1,567,895
65$1,762,241$855,494$676,345$1,677,133
66$1,904,640$860,063$661,652$1,796,369
67$2,060,386$863,679$645,291$1,926,604
68$2,230,805$866,259$627,168$2,068,939
69$2,417,356$867,714$607,186$2,224,590
70$2,621,642$867,948$585,243$2,394,896
71$2,845,435$866,863$561,234$2,581,333
72$3,090,680$864,350$535,046$2,785,527
73$3,359,523$860,296$506,564$3,009,272
74$3,654,326$854,583$475,666$3,254,542
75$3,977,691$847,081$442,224$3,523,516
76$4,332,485$837,657$406,108$3,818,593
77$4,721,863$826,167$367,177$4,142,419
78$5,149,302$812,458$325,286$4,497,908
79$5,618,633$796,371$280,286$4,888,274
80$6,134,076$777,735$232,017$5,317,058
81$6,700,277$756,370$180,315$5,788,164
82$7,322,357$732,084$125,008$6,305,893
83$8,005,957$704,676$65,915$6,874,986
84$8,757,291$673,931$2,850$7,500,670
85$9,583,205$639,624$0$8,188,704
86$10,491,241$601,515$0$8,955,064
87$11,489,709$559,350$0$9,798,199
88$12,587,764$512,863$0$10,725,425
89$13,795,493$461,771$0$11,745,275
90$15,124,010$405,774$0$12,867,151
91$16,585,559$344,556$0$14,101,413
92$18,193,630$277,785$0$15,459,476
93$19,963,090$205,106$0$16,953,922
94$21,910,317$126,148$0$18,598,612
95$24,053,357$40,517$0$20,408,823
96$26,412,096$0$0$22,401,388
97$29,008,442$0$0$24,600,028
98$31,866,539$0$0$27,024,771
99$35,012,987$0$0$29,694,177
100$38,477,099$0$0$32,633,119