Can I retire at age 54 with 743,000?

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 $743,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$61,356$60,810$60,277$59,756$59,248$57,146
2 years$30,374$29,809$29,260$28,729$28,213$26,118
3 years$20,048$19,480$18,933$18,407$17,900$15,877
4 years$14,886$14,320$13,779$13,261$12,766$10,831
5 years$11,790$11,227$10,693$10,186$9,705$7,863
6 years$9,727$9,168$8,641$8,146$7,679$5,931
7 years$8,253$7,699$7,181$6,697$6,245$4,592
8 years$7,149$6,600$6,090$5,618$5,181$3,620
9 years$6,290$5,746$5,245$4,785$4,363$2,893
10 years$5,603$5,065$4,573$4,125$3,718$2,336
11 years$5,042$4,509$4,026$3,590$3,197$1,901
12 years$4,575$4,047$3,573$3,149$2,771$1,556
13 years$4,179$3,657$3,192$2,780$2,416$1,281
14 years$3,841$3,324$2,868$2,468$2,118$1,058
15 years$3,548$3,037$2,590$2,201$1,865$877
16 years$3,292$2,786$2,348$1,971$1,648$729
17 years$3,066$2,566$2,136$1,771$1,461$607
18 years$2,865$2,371$1,950$1,596$1,299$506
19 years$2,686$2,198$1,785$1,442$1,158$423
20 years$2,525$2,042$1,639$1,306$1,034$354
21 years$2,380$1,902$1,507$1,185$926$296
22 years$2,248$1,776$1,389$1,078$830$248
23 years$2,127$1,661$1,283$981$745$208
24 years$2,017$1,556$1,186$895$669$175
25 years$1,916$1,460$1,099$817$602$147
26 years$1,822$1,372$1,019$747$543$123
27 years$1,736$1,292$946$684$489$104
28 years$1,656$1,217$880$627$441$87
29 years$1,582$1,148$819$575$399$73
30 years$1,512$1,084$762$527$360$62
31 years$1,448$1,025$711$484$326$52
32 years$1,387$970$663$445$295$44
33 years$1,331$918$619$409$267$37
34 years$1,277$870$579$377$241$31
35 years$1,227$826$541$347$219$26
36 years$1,180$784$506$319$198$22
37 years$1,136$744$474$294$180$18
38 years$1,093$707$444$271$163$15
39 years$1,054$673$416$250$148$13
40 years$1,016$640$389$231$134$11
41 years$980$609$365$213$121$9
42 years$946$580$343$196$110$8
43 years$914$553$321$181$100$7
44 years$883$527$302$167$91$5
45 years$853$502$283$155$82$5
46 years$825$479$266$143$75$4
47 years$799$457$250$132$68$3
48 years$773$437$235$122$62$3
49 years$749$417$221$113$56$2
50 years$725$398$208$104$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $743,000, adding $4,652 every year, while hoping to spend $52,450 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: 59/29/12 Blend
53$743,000$743,000$743,000$743,000
54$823,585$784,206$772,689$869,494
55$851,784$766,825$742,768$883,583
56$881,101$746,835$710,086$892,648
57$911,596$724,053$674,496$901,273
58$943,331$698,283$635,844$909,420
59$976,374$669,322$593,968$917,051
60$1,010,796$636,951$548,698$924,126
61$1,046,677$600,942$499,859$930,605
62$1,084,101$561,050$447,267$936,445
63$1,123,157$517,020$390,729$941,603
64$1,163,945$468,580$330,044$946,037
65$1,206,569$415,441$265,002$949,701
66$1,251,143$357,302$195,384$952,550
67$1,297,791$293,842$120,961$954,538
68$1,346,647$224,722$41,494$955,621
69$1,397,856$149,583$0$955,752
70$1,451,574$68,050$0$960,433
71$1,507,972$0$0$970,104
72$1,567,235$0$0$985,910
73$1,629,565$0$0$1,025,393
74$1,695,180$0$0$1,066,980
75$1,764,320$0$0$1,110,825
76$1,837,242$0$0$1,157,094
77$1,914,231$0$0$1,205,971
78$1,995,595$0$0$1,257,656
79$2,081,671$0$0$1,312,366
80$2,172,826$0$0$1,370,338
81$2,269,462$0$0$1,431,834
82$2,372,017$0$0$1,497,136
83$2,480,972$0$0$1,566,555
84$2,596,850$0$0$1,640,432
85$2,720,228$0$0$1,719,138
86$2,851,732$0$0$1,803,080
87$2,992,052$0$0$1,892,705
88$3,141,943$0$0$1,988,502
89$3,302,230$0$0$2,091,006
90$3,473,821$0$0$2,200,805
91$3,657,708$0$0$2,318,545
92$3,854,984$0$0$2,444,931
93$4,066,843$0$0$2,580,741
94$4,294,600$0$0$2,726,825
95$4,539,695$0$0$2,884,120
96$4,803,713$0$0$3,053,652
97$5,088,390$0$0$3,236,551
98$5,395,637$0$0$3,434,055
99$5,727,553$0$0$3,647,526
100$6,086,444$0$0$3,878,463