Can I retire at age 54 with 725,000?

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 $725,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$59,870$59,337$58,816$58,308$57,813$57,185
2 years$29,639$29,087$28,552$28,033$27,530$26,898
3 years$19,563$19,008$18,475$17,961$17,466$16,849
4 years$14,526$13,973$13,445$12,940$12,457$11,860
5 years$11,504$10,955$10,434$9,939$9,470$8,895
6 years$9,491$8,946$8,432$7,948$7,493$6,941
7 years$8,053$7,513$7,007$6,535$6,094$5,564
8 years$6,975$6,440$5,943$5,482$5,055$4,549
9 years$6,138$5,607$5,118$4,669$4,257$3,773
10 years$5,468$4,942$4,462$4,025$3,627$3,165
11 years$4,920$4,400$3,929$3,503$3,120$2,679
12 years$4,464$3,949$3,486$3,073$2,704$2,285
13 years$4,078$3,569$3,115$2,713$2,358$1,959
14 years$3,748$3,244$2,799$2,408$2,067$1,689
15 years$3,462$2,963$2,527$2,147$1,820$1,461
16 years$3,212$2,719$2,291$1,923$1,608$1,269
17 years$2,992$2,504$2,085$1,728$1,426$1,105
18 years$2,796$2,314$1,903$1,557$1,268$965
19 years$2,621$2,144$1,742$1,407$1,130$844
20 years$2,464$1,993$1,599$1,274$1,009$740
21 years$2,322$1,856$1,471$1,156$903$650
22 years$2,193$1,733$1,355$1,051$810$571
23 years$2,076$1,620$1,252$958$727$503
24 years$1,968$1,518$1,157$873$653$443
25 years$1,869$1,425$1,072$798$588$391
26 years$1,778$1,339$994$729$530$345
27 years$1,694$1,260$923$668$477$305
28 years$1,616$1,188$858$612$431$269
29 years$1,543$1,120$799$561$389$238
30 years$1,476$1,058$744$515$351$211
31 years$1,413$1,000$694$473$318$187
32 years$1,354$946$647$434$287$165
33 years$1,298$896$604$400$260$146
34 years$1,246$849$565$368$236$130
35 years$1,198$806$528$338$213$115
36 years$1,151$765$494$312$193$102
37 years$1,108$726$462$287$175$90
38 years$1,067$690$433$265$159$80
39 years$1,028$656$405$244$144$71
40 years$991$624$380$225$131$63
41 years$956$594$356$208$119$56
42 years$923$566$334$192$108$50
43 years$891$539$314$177$98$44
44 years$861$514$294$163$89$39
45 years$833$490$276$151$80$35
46 years$805$468$260$139$73$31
47 years$779$446$244$129$66$27
48 years$754$426$229$119$60$24
49 years$731$407$215$110$55$22
50 years$708$389$203$102$50$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $725,000, adding $3,197 every year, while hoping to spend $53,977 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: 63/11/26 Blend
53$725,000$725,000$725,000$725,000
54$802,248$763,823$752,585$847,075
55$826,646$743,819$720,366$857,806
56$851,724$721,026$685,258$863,294
57$877,493$695,250$647,108$868,106
58$903,966$666,286$605,755$872,182
59$931,154$633,917$561,031$875,460
60$959,067$597,915$512,761$877,875
61$987,715$558,035$460,761$879,355
62$1,017,106$514,023$404,840$879,825
63$1,047,247$465,606$344,799$879,206
64$1,078,143$412,498$280,427$877,413
65$1,109,800$354,397$211,507$874,354
66$1,142,219$290,981$137,812$869,934
67$1,175,400$221,914$59,103$864,050
68$1,209,340$146,837$0$856,593
69$1,244,035$65,375$0$854,351
70$1,279,476$0$0$868,242
71$1,315,652$0$0$884,563
72$1,352,546$0$0$909,269
73$1,390,138$0$0$934,431
74$1,428,402$0$0$960,030
75$1,467,309$0$0$986,044
76$1,506,821$0$0$1,012,447
77$1,546,892$0$0$1,039,206
78$1,587,472$0$0$1,066,285
79$1,628,499$0$0$1,093,639
80$1,669,903$0$0$1,121,220
81$1,711,601$0$0$1,148,968
82$1,753,501$0$0$1,176,819
83$1,795,495$0$0$1,204,696
84$1,837,462$0$0$1,232,514
85$1,879,262$0$0$1,260,174
86$1,920,738$0$0$1,287,567
87$1,961,714$0$0$1,314,568
88$2,001,989$0$0$1,341,037
89$2,041,337$0$0$1,366,816
90$2,079,506$0$0$1,391,727
91$2,116,211$0$0$1,415,573
92$2,151,135$0$0$1,438,130
93$2,183,923$0$0$1,459,150
94$2,214,175$0$0$1,478,356
95$2,241,450$0$0$1,495,438
96$2,265,252$0$0$1,510,050
97$2,285,029$0$0$1,521,808
98$2,300,168$0$0$1,530,284
99$2,309,987$0$0$1,535,002
100$2,313,726$0$0$1,535,433