Can I retire at age 54 with 727,000?

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 $727,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$60,035$59,500$58,978$58,469$57,972$56,502
2 years$29,720$29,167$28,630$28,110$27,606$26,134
3 years$19,617$19,061$18,526$18,010$17,514$16,087
4 years$14,566$14,012$13,482$12,976$12,491$11,120
5 years$11,536$10,985$10,463$9,966$9,496$8,183
6 years$9,517$8,970$8,455$7,970$7,514$6,262
7 years$8,075$7,533$7,026$6,553$6,111$4,920
8 years$6,995$6,457$5,959$5,497$5,069$3,939
9 years$6,155$5,622$5,132$4,682$4,269$3,198
10 years$5,483$4,956$4,475$4,036$3,637$2,624
11 years$4,934$4,412$3,939$3,513$3,128$2,172
12 years$4,476$3,960$3,496$3,081$2,711$1,809
13 years$4,089$3,579$3,124$2,720$2,364$1,515
14 years$3,758$3,253$2,806$2,415$2,072$1,274
15 years$3,472$2,972$2,534$2,153$1,825$1,076
16 years$3,221$2,726$2,297$1,928$1,613$911
17 years$3,000$2,511$2,090$1,732$1,430$773
18 years$2,804$2,320$1,908$1,561$1,271$658
19 years$2,628$2,150$1,747$1,411$1,133$560
20 years$2,471$1,998$1,603$1,278$1,012$478
21 years$2,328$1,861$1,475$1,160$906$409
22 years$2,199$1,737$1,359$1,054$812$349
23 years$2,081$1,625$1,255$960$729$299
24 years$1,973$1,522$1,161$876$655$256
25 years$1,874$1,429$1,075$800$589$220
26 years$1,783$1,343$997$731$531$188
27 years$1,699$1,264$926$669$479$162
28 years$1,620$1,191$861$613$432$139
29 years$1,548$1,123$801$562$390$119
30 years$1,480$1,061$746$516$352$102
31 years$1,417$1,003$695$474$319$88
32 years$1,357$949$649$436$288$76
33 years$1,302$899$606$401$261$65
34 years$1,250$852$566$369$236$56
35 years$1,201$808$529$339$214$48
36 years$1,155$767$495$312$194$41
37 years$1,111$728$463$288$176$36
38 years$1,070$692$434$265$159$31
39 years$1,031$658$407$245$144$26
40 years$994$626$381$226$131$23
41 years$959$596$357$208$119$19
42 years$926$568$335$192$108$17
43 years$894$541$315$177$98$14
44 years$864$516$295$164$89$12
45 years$835$492$277$151$81$11
46 years$808$469$260$140$73$9
47 years$782$448$245$129$66$8
48 years$757$427$230$119$60$7
49 years$733$408$216$110$55$6
50 years$710$390$203$102$50$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $727,000, adding $6,733 every year, while hoping to spend $25,872 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: 59/16/25 Blend
53$727,000$727,000$727,000$727,000
54$808,099$769,568$758,300$849,969
55$862,998$779,749$756,175$889,457
56$922,629$789,562$753,112$929,149
57$987,448$798,962$749,052$971,890
58$1,057,955$807,899$743,934$1,017,981
59$1,134,703$816,323$737,692$1,067,755
60$1,218,298$824,177$730,260$1,121,580
61$1,309,407$831,404$721,566$1,179,861
62$1,408,764$837,941$711,536$1,243,046
63$1,517,179$843,721$700,093$1,311,631
64$1,635,540$848,672$687,155$1,386,160
65$1,764,828$852,720$672,638$1,467,237
66$1,906,121$855,784$656,452$1,555,525
67$2,060,606$857,778$638,504$1,651,759
68$2,229,591$858,612$618,696$1,756,748
69$2,414,514$858,189$596,928$1,871,385
70$2,616,961$856,407$573,091$1,996,656
71$2,838,677$853,156$547,075$2,133,649
72$3,081,583$848,322$518,764$2,283,565
73$3,347,797$841,782$488,035$2,447,726
74$3,639,649$833,407$454,761$2,627,596
75$3,959,707$823,057$418,809$2,824,784
76$4,310,799$810,588$380,040$3,041,071
77$4,696,038$795,846$338,310$3,278,416
78$5,118,857$778,665$293,466$3,538,985
79$5,583,033$758,872$245,350$3,825,165
80$6,092,731$736,285$193,797$4,139,588
81$6,652,534$710,708$138,635$4,485,160
82$7,267,495$681,935$79,682$4,865,082
83$7,943,179$649,750$16,751$5,282,890
84$8,685,717$613,921$0$5,742,479
85$9,501,861$574,204$0$6,261,593
86$10,399,054$530,343$0$6,837,168
87$11,385,493$482,065$0$7,470,015
88$12,470,209$429,082$0$8,165,957
89$13,663,153$371,090$0$8,931,413
90$14,975,288$307,767$0$9,773,456
91$16,418,694$238,773$0$10,699,882
92$18,006,678$163,751$0$11,719,284
93$19,753,905$82,321$0$12,841,132
94$21,676,532$0$0$14,075,863
95$23,792,360$0$0$15,436,021
96$26,121,005$0$0$16,949,011
97$28,684,078$0$0$18,614,388
98$31,505,395$0$0$20,447,636
99$34,611,196$0$0$22,465,815
100$38,030,395$0$0$24,687,722