Can I retire at age 54 with 730,000?

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 $730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$60,283$59,746$59,222$58,711$58,211$57,247
2 years$29,843$29,287$28,748$28,226$27,720$26,751
3 years$19,698$19,139$18,602$18,085$17,586$16,643
4 years$14,626$14,070$13,538$13,029$12,543$11,633
5 years$11,584$11,031$10,506$10,008$9,535$8,661
6 years$9,556$9,007$8,490$8,003$7,545$6,707
7 years$8,109$7,564$7,055$6,580$6,136$5,335
8 years$7,024$6,484$5,984$5,520$5,090$4,326
9 years$6,180$5,646$5,154$4,702$4,287$3,559
10 years$5,505$4,976$4,493$4,053$3,652$2,960
11 years$4,954$4,430$3,956$3,527$3,141$2,484
12 years$4,495$3,976$3,510$3,094$2,722$2,099
13 years$4,106$3,593$3,136$2,731$2,374$1,784
14 years$3,774$3,266$2,818$2,425$2,081$1,523
15 years$3,486$2,984$2,544$2,162$1,832$1,306
16 years$3,234$2,738$2,307$1,936$1,619$1,123
17 years$3,012$2,521$2,099$1,740$1,436$968
18 years$2,815$2,330$1,916$1,568$1,277$837
19 years$2,639$2,159$1,754$1,417$1,138$725
20 years$2,481$2,006$1,610$1,283$1,016$629
21 years$2,338$1,869$1,481$1,164$910$546
22 years$2,208$1,745$1,365$1,059$815$475
23 years$2,090$1,632$1,260$964$732$414
24 years$1,982$1,529$1,165$879$658$361
25 years$1,882$1,435$1,079$803$592$315
26 years$1,790$1,348$1,001$734$533$275
27 years$1,706$1,269$930$672$481$240
28 years$1,627$1,196$864$616$434$210
29 years$1,554$1,128$804$565$392$183
30 years$1,486$1,065$749$518$354$160
31 years$1,422$1,007$698$476$320$140
32 years$1,363$953$652$437$289$123
33 years$1,307$902$608$402$262$108
34 years$1,255$855$568$370$237$94
35 years$1,206$811$531$341$215$83
36 years$1,159$770$497$314$195$72
37 years$1,116$731$465$289$176$63
38 years$1,074$695$436$266$160$56
39 years$1,035$661$408$246$145$49
40 years$998$629$383$227$132$43
41 years$963$598$359$209$119$37
42 years$929$570$337$193$108$33
43 years$898$543$316$178$98$29
44 years$867$518$296$164$89$25
45 years$839$494$278$152$81$22
46 years$811$471$261$140$74$19
47 years$785$449$246$130$67$17
48 years$760$429$231$120$61$15
49 years$736$410$217$111$55$13
50 years$713$391$204$102$50$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $730,000, adding $2,765 every year, while hoping to spend $23,238 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: 38/37/25 Blend
53$730,000$730,000$730,000$730,000
54$807,312$768,622$757,307$831,878
55$864,933$781,560$757,952$862,995
56$927,652$794,352$757,839$894,247
57$995,965$806,968$756,920$927,565
58$1,070,418$819,374$755,141$963,152
59$1,151,610$831,532$752,447$1,001,231
60$1,240,202$843,405$748,782$1,042,048
61$1,336,920$854,950$744,084$1,085,877
62$1,442,566$866,122$738,291$1,133,018
63$1,558,020$876,874$731,336$1,183,805
64$1,684,252$887,155$723,149$1,238,606
65$1,822,330$896,910$713,659$1,297,829
66$1,973,431$906,082$702,790$1,361,924
67$2,138,848$914,607$690,460$1,431,389
68$2,320,007$922,419$676,587$1,506,773
69$2,518,479$929,449$661,084$1,588,684
70$2,735,993$935,621$643,860$1,677,794
71$2,974,453$940,856$624,818$1,774,844
72$3,235,957$945,067$603,859$1,880,654
73$3,522,815$948,166$580,878$1,996,130
74$3,837,571$950,055$555,767$2,122,271
75$4,183,028$950,632$528,410$2,260,182
76$4,562,274$949,790$498,688$2,411,083
77$4,978,709$947,413$466,477$2,576,322
78$5,436,079$943,378$431,647$2,757,385
79$5,938,512$937,556$394,059$2,955,917
80$6,490,553$929,809$353,573$3,173,729
81$7,097,211$919,992$310,040$3,412,826
82$7,764,004$907,949$263,304$3,675,416
83$8,497,011$893,517$213,203$3,963,941
84$9,302,928$876,522$159,568$4,281,094
85$10,189,135$856,779$102,221$4,629,847
86$11,163,759$834,094$40,978$5,013,481
87$12,235,759$808,260$0$5,435,618
88$13,415,001$779,060$0$5,906,755
89$14,712,358$746,261$0$6,436,888
90$16,139,810$709,620$0$7,019,994
91$17,710,557$668,877$0$7,661,501
92$19,439,140$623,759$0$8,367,392
93$21,341,586$573,976$0$9,144,264
94$23,435,550$519,223$0$9,999,393
95$25,740,488$459,177$0$10,940,799
96$28,277,837$393,495$0$11,977,326
97$31,071,217$321,818$0$13,118,725
98$34,146,657$243,763$0$14,375,748
99$37,532,837$158,928$0$15,760,246
100$41,261,358$66,887$0$17,285,290