Can I retire at age 54 with 733,000?

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 $733,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$60,530$59,991$59,465$58,952$58,450$56,807
2 years$29,966$29,407$28,867$28,342$27,834$26,190
3 years$19,779$19,218$18,679$18,159$17,659$16,067
4 years$14,686$14,127$13,593$13,083$12,594$11,067
5 years$11,631$11,076$10,549$10,049$9,574$8,115
6 years$9,596$9,044$8,525$8,036$7,576$6,186
7 years$8,142$7,595$7,084$6,607$6,161$4,841
8 years$7,052$6,511$6,008$5,542$5,111$3,859
9 years$6,205$5,669$5,175$4,721$4,304$3,120
10 years$5,528$4,997$4,512$4,069$3,667$2,549
11 years$4,974$4,448$3,972$3,542$3,154$2,100
12 years$4,513$3,993$3,525$3,106$2,733$1,741
13 years$4,123$3,608$3,149$2,743$2,384$1,452
14 years$3,789$3,280$2,830$2,435$2,089$1,215
15 years$3,500$2,996$2,555$2,171$1,840$1,021
16 years$3,247$2,749$2,316$1,944$1,626$860
17 years$3,025$2,532$2,108$1,747$1,442$726
18 years$2,827$2,339$1,924$1,574$1,282$615
19 years$2,650$2,168$1,761$1,422$1,143$521
20 years$2,491$2,015$1,617$1,288$1,021$442
21 years$2,348$1,877$1,487$1,169$913$376
22 years$2,217$1,752$1,370$1,063$819$320
23 years$2,098$1,638$1,265$968$735$272
24 years$1,990$1,535$1,170$883$660$232
25 years$1,890$1,441$1,084$806$594$198
26 years$1,798$1,354$1,005$737$535$169
27 years$1,713$1,274$933$675$483$144
28 years$1,634$1,201$868$618$436$123
29 years$1,560$1,133$808$567$393$105
30 years$1,492$1,070$752$520$355$90
31 years$1,428$1,011$701$478$321$76
32 years$1,369$957$654$439$291$65
33 years$1,313$906$611$404$263$56
34 years$1,260$859$571$372$238$48
35 years$1,211$815$534$342$216$41
36 years$1,164$773$499$315$195$35
37 years$1,120$734$467$290$177$30
38 years$1,079$698$438$268$161$25
39 years$1,039$664$410$247$146$22
40 years$1,002$631$384$228$132$19
41 years$967$601$360$210$120$16
42 years$933$572$338$194$109$14
43 years$901$545$317$179$99$12
44 years$871$520$298$165$90$10
45 years$842$496$280$153$81$9
46 years$814$473$263$141$74$7
47 years$788$451$247$130$67$6
48 years$763$431$232$120$61$5
49 years$739$411$218$111$55$5
50 years$716$393$205$103$50$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $733,000, adding $2,331 every year, while hoping to spend $46,573 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: 69/5/26 Blend
53$733,000$733,000$733,000$733,000
54$810,170$771,321$759,960$860,506
55$843,254$759,563$735,865$882,808
56$878,152$745,667$709,403$901,631
57$914,999$729,481$680,443$921,150
58$953,944$710,840$648,853$941,431
59$995,148$689,573$614,491$962,553
60$1,038,788$665,497$577,211$984,600
61$1,085,056$638,418$536,860$1,007,667
62$1,134,164$608,132$493,276$1,031,860
63$1,186,341$574,423$446,293$1,057,300
64$1,241,839$537,061$395,736$1,084,118
65$1,300,935$495,805$341,421$1,112,463
66$1,363,930$450,400$283,159$1,142,499
67$1,431,155$400,573$220,749$1,174,412
68$1,502,972$346,041$153,983$1,208,404
69$1,579,779$286,500$82,645$1,244,704
70$1,662,010$221,633$6,507$1,283,567
71$1,750,144$151,101$0$1,325,273
72$1,844,703$74,549$0$1,390,871
73$1,946,262$0$0$1,463,249
74$2,055,453$0$0$1,541,520
75$2,172,967$0$0$1,630,202
76$2,299,565$0$0$1,725,769
77$2,436,083$0$0$1,828,857
78$2,583,437$0$0$1,940,162
79$2,742,635$0$0$2,060,450
80$2,914,786$0$0$2,190,562
81$3,101,107$0$0$2,331,425
82$3,302,937$0$0$2,484,055
83$3,521,747$0$0$2,649,569
84$3,759,156$0$0$2,829,199
85$4,016,943$0$0$3,024,296
86$4,297,067$0$0$3,236,348
87$4,601,682$0$0$3,466,993
88$4,933,155$0$0$3,718,030
89$5,294,096$0$0$3,991,440
90$5,687,371$0$0$4,289,406
91$6,116,139$0$0$4,614,325
92$6,583,874$0$0$4,968,839
93$7,094,400$0$0$5,355,854
94$7,651,928$0$0$5,778,572
95$8,261,091$0$0$6,240,514
96$8,926,992$0$0$6,745,558
97$9,655,248$0$0$7,297,975
98$10,452,043$0$0$7,902,467
99$11,324,189$0$0$8,564,209
100$12,279,183$0$0$9,288,904