Can I retire at age 54 with 728,000?

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 $728,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$60,118$59,582$59,060$58,550$58,052$56,442
2 years$29,761$29,207$28,670$28,149$27,644$26,034
3 years$19,644$19,087$18,551$18,035$17,538$15,979
4 years$14,586$14,031$13,501$12,993$12,508$11,012
5 years$11,552$11,000$10,477$9,980$9,509$8,078
6 years$9,530$8,983$8,467$7,981$7,524$6,161
7 years$8,087$7,544$7,036$6,562$6,119$4,824
8 years$7,004$6,466$5,967$5,505$5,076$3,849
9 years$6,163$5,630$5,139$4,689$4,275$3,113
10 years$5,490$4,963$4,481$4,042$3,642$2,545
11 years$4,940$4,418$3,945$3,517$3,133$2,098
12 years$4,482$3,965$3,501$3,085$2,715$1,741
13 years$4,095$3,583$3,128$2,724$2,367$1,452
14 years$3,763$3,257$2,810$2,418$2,075$1,217
15 years$3,476$2,976$2,537$2,156$1,827$1,023
16 years$3,225$2,730$2,300$1,931$1,615$862
17 years$3,004$2,514$2,093$1,735$1,432$729
18 years$2,808$2,323$1,911$1,563$1,273$617
19 years$2,632$2,153$1,749$1,413$1,135$523
20 years$2,474$2,001$1,606$1,279$1,014$445
21 years$2,332$1,864$1,477$1,161$907$378
22 years$2,202$1,740$1,361$1,056$813$322
23 years$2,084$1,627$1,257$962$730$274
24 years$1,976$1,525$1,162$877$656$234
25 years$1,877$1,431$1,076$801$590$199
26 years$1,785$1,345$998$732$532$170
27 years$1,701$1,265$927$670$479$145
28 years$1,623$1,192$862$614$433$124
29 years$1,550$1,125$802$563$391$106
30 years$1,482$1,062$747$517$353$91
31 years$1,419$1,004$696$475$319$78
32 years$1,359$950$650$436$289$66
33 years$1,304$900$607$401$261$57
34 years$1,252$853$567$369$236$49
35 years$1,202$809$530$340$214$42
36 years$1,156$768$496$313$194$36
37 years$1,113$729$464$288$176$30
38 years$1,071$693$435$266$159$26
39 years$1,032$659$407$245$145$22
40 years$995$627$382$226$131$19
41 years$960$597$358$209$119$16
42 years$927$568$336$192$108$14
43 years$895$542$315$178$98$12
44 years$865$516$296$164$89$10
45 years$836$492$278$151$81$9
46 years$809$470$261$140$73$7
47 years$783$448$245$129$67$6
48 years$758$428$230$119$60$5
49 years$734$409$216$110$55$5
50 years$711$390$203$102$50$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $728,000, adding $4,557 every year, while hoping to spend $31,144 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: 31/43/26 Blend
53$728,000$728,000$728,000$728,000
54$806,957$768,373$757,089$825,411
55$856,129$772,886$749,314$844,479
56$909,274$776,576$740,235$861,924
57$966,762$779,371$729,776$880,079
58$1,029,004$781,192$717,855$899,028
59$1,096,448$781,957$704,390$918,866
60$1,169,591$781,578$689,291$939,697
61$1,248,975$779,961$672,468$961,641
62$1,335,198$777,007$653,824$984,832
63$1,428,920$772,612$633,259$1,009,420
64$1,530,864$766,664$610,667$1,035,575
65$1,641,826$759,044$585,938$1,063,484
66$1,762,682$749,628$558,957$1,093,361
67$1,894,398$738,282$529,605$1,125,443
68$2,038,035$724,865$497,754$1,159,995
69$2,194,760$709,230$463,275$1,197,314
70$2,365,860$691,216$426,029$1,237,730
71$2,552,750$670,658$385,873$1,281,614
72$2,756,988$647,378$342,658$1,329,378
73$2,980,290$621,189$296,226$1,381,481
74$3,224,545$591,892$246,415$1,438,436
75$3,491,832$559,278$193,053$1,500,812
76$3,784,441$523,125$135,963$1,569,244
77$4,104,895$483,199$74,958$1,644,438
78$4,455,969$439,251$9,844$1,727,179
79$4,840,723$391,020$0$1,818,338
80$5,262,525$338,227$0$1,935,432
81$5,725,084$280,582$0$2,066,979
82$6,232,486$217,774$0$2,211,502
83$6,789,232$149,477$0$2,370,391
84$7,400,278$75,346$0$2,545,182
85$8,071,085$0$0$2,737,577
86$8,807,667$0$0$2,951,815
87$9,616,651$0$0$3,226,382
88$10,505,335$0$0$3,528,121
89$11,481,761$0$0$3,859,775
90$12,554,785$0$0$4,224,369
91$13,734,167$0$0$4,625,234
92$15,030,659$0$0$5,066,043
93$16,456,104$0$0$5,550,838
94$18,023,552$0$0$6,084,077
95$19,747,382$0$0$6,670,668
96$21,643,432$0$0$7,316,021
97$23,729,158$0$0$8,026,095
98$26,023,787$0$0$8,807,458
99$28,548,508$0$0$9,667,346
100$31,326,664$0$0$10,613,729