Can I retire at age 54 with 737,000?

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 $737,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$60,861$60,319$59,790$59,274$58,769$57,820
2 years$30,129$29,568$29,024$28,497$27,985$27,031
3 years$19,887$19,323$18,781$18,258$17,755$16,826
4 years$14,766$14,204$13,667$13,154$12,663$11,766
5 years$11,695$11,136$10,606$10,104$9,626$8,765
6 years$9,648$9,094$8,572$8,080$7,617$6,791
7 years$8,187$7,637$7,123$6,643$6,195$5,405
8 years$7,091$6,546$6,041$5,573$5,139$4,385
9 years$6,239$5,700$5,203$4,747$4,328$3,610
10 years$5,558$5,024$4,536$4,092$3,688$3,005
11 years$5,001$4,473$3,994$3,561$3,171$2,523
12 years$4,538$4,014$3,544$3,123$2,748$2,133
13 years$4,146$3,628$3,166$2,758$2,397$1,814
14 years$3,810$3,298$2,845$2,448$2,101$1,550
15 years$3,519$3,012$2,569$2,183$1,850$1,330
16 years$3,265$2,764$2,329$1,955$1,635$1,144
17 years$3,041$2,545$2,119$1,756$1,449$987
18 years$2,842$2,352$1,935$1,583$1,289$854
19 years$2,665$2,180$1,771$1,430$1,149$740
20 years$2,505$2,026$1,625$1,295$1,026$643
21 years$2,360$1,887$1,495$1,176$918$559
22 years$2,229$1,761$1,378$1,069$823$487
23 years$2,110$1,647$1,272$973$739$424
24 years$2,001$1,543$1,177$888$664$370
25 years$1,900$1,448$1,090$811$598$323
26 years$1,808$1,361$1,011$741$538$282
27 years$1,722$1,281$939$679$485$247
28 years$1,643$1,207$872$622$438$216
29 years$1,569$1,139$812$570$395$189
30 years$1,500$1,075$756$523$357$165
31 years$1,436$1,017$705$481$323$145
32 years$1,376$962$658$442$292$127
33 years$1,320$911$614$406$264$111
34 years$1,267$863$574$374$239$97
35 years$1,217$819$537$344$217$85
36 years$1,171$777$502$317$196$75
37 years$1,126$738$470$292$178$66
38 years$1,085$702$440$269$161$58
39 years$1,045$667$412$248$146$51
40 years$1,008$635$386$229$133$44
41 years$972$604$362$211$120$39
42 years$938$575$340$195$109$34
43 years$906$548$319$180$99$30
44 years$876$523$299$166$90$26
45 years$847$498$281$153$82$23
46 years$819$475$264$142$74$20
47 years$792$454$248$131$67$18
48 years$767$433$233$121$61$16
49 years$743$414$219$112$56$14
50 years$720$395$206$103$50$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $737,000, adding $2,628 every year, while hoping to spend $43,565 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: 73/19/8 Blend
53$737,000$737,000$737,000$737,000
54$814,885$775,824$764,400$873,138
55$851,650$767,486$743,655$903,579
56$890,706$757,280$720,754$931,196
57$932,239$745,068$695,581$960,222
58$976,454$730,704$668,010$990,784
59$1,023,578$714,033$637,913$1,023,020
60$1,073,854$694,893$605,155$1,057,086
61$1,127,554$673,109$569,595$1,093,151
62$1,184,973$648,500$531,084$1,131,405
63$1,246,434$620,870$489,470$1,172,057
64$1,312,294$590,016$444,590$1,215,340
65$1,382,940$555,719$396,276$1,261,509
66$1,458,801$517,751$344,353$1,310,848
67$1,540,347$475,868$288,636$1,363,671
68$1,628,091$429,815$228,935$1,420,326
69$1,722,601$379,320$165,048$1,481,198
70$1,824,496$324,097$96,768$1,546,712
71$1,934,460$263,843$23,874$1,617,338
72$2,053,242$198,238$0$1,693,598
73$2,181,665$126,945$0$1,780,669
74$2,320,637$49,606$0$1,877,061
75$2,471,151$0$0$1,981,460
76$2,634,302$0$0$2,101,806
77$2,811,295$0$0$2,243,642
78$3,003,452$0$0$2,397,660
79$3,212,229$0$0$2,565,030
80$3,439,228$0$0$2,747,041
81$3,686,210$0$0$2,945,108
82$3,955,115$0$0$3,160,791
83$4,248,074$0$0$3,395,806
84$4,567,436$0$0$3,652,039
85$4,915,783$0$0$3,931,569
86$5,295,959$0$0$4,236,681
87$5,711,095$0$0$4,569,895
88$6,164,635$0$0$4,933,979
89$6,660,373$0$0$5,331,986
90$7,202,485$0$0$5,767,274
91$7,795,570$0$0$6,243,542
92$8,444,689$0$0$6,764,860
93$9,155,419$0$0$7,335,715
94$9,933,899$0$0$7,961,042
95$10,786,889$0$0$8,646,282
96$11,721,835$0$0$9,397,422
97$12,746,939$0$0$10,221,059
98$13,871,232$0$0$11,124,457
99$15,104,662$0$0$12,115,619
100$16,458,187$0$0$13,203,358