Can I retire at age 54 with 746,000?

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 $746,000?

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$61,604$61,055$60,520$59,997$59,487$58,502
2 years$30,497$29,929$29,379$28,845$28,327$27,337
3 years$20,129$19,559$19,010$18,481$17,972$17,008
4 years$14,947$14,378$13,834$13,315$12,818$11,888
5 years$11,838$11,272$10,736$10,227$9,744$8,850
6 years$9,766$9,205$8,676$8,179$7,710$6,854
7 years$8,286$7,730$7,210$6,724$6,270$5,452
8 years$7,177$6,626$6,115$5,641$5,202$4,421
9 years$6,315$5,769$5,267$4,805$4,381$3,637
10 years$5,626$5,085$4,592$4,142$3,733$3,025
11 years$5,062$4,527$4,042$3,604$3,210$2,539
12 years$4,593$4,063$3,587$3,162$2,782$2,145
13 years$4,196$3,672$3,205$2,791$2,426$1,823
14 years$3,857$3,338$2,880$2,478$2,126$1,557
15 years$3,562$3,049$2,600$2,210$1,872$1,334
16 years$3,305$2,798$2,357$1,979$1,655$1,148
17 years$3,078$2,576$2,145$1,778$1,467$990
18 years$2,877$2,381$1,958$1,602$1,305$855
19 years$2,697$2,206$1,793$1,448$1,163$741
20 years$2,535$2,050$1,645$1,311$1,039$643
21 years$2,389$1,910$1,513$1,190$929$558
22 years$2,257$1,783$1,395$1,082$833$486
23 years$2,136$1,667$1,288$985$748$423
24 years$2,025$1,562$1,191$899$672$369
25 years$1,923$1,466$1,103$821$605$322
26 years$1,830$1,378$1,023$750$545$281
27 years$1,743$1,297$950$687$491$245
28 years$1,663$1,222$883$629$443$214
29 years$1,588$1,153$822$577$400$187
30 years$1,519$1,089$766$530$362$164
31 years$1,454$1,029$714$486$327$143
32 years$1,393$974$666$447$296$126
33 years$1,336$922$622$411$268$110
34 years$1,283$874$581$378$242$96
35 years$1,232$829$543$348$219$84
36 years$1,185$787$508$321$199$74
37 years$1,140$747$476$295$180$65
38 years$1,098$710$445$272$163$57
39 years$1,058$675$417$251$148$50
40 years$1,020$643$391$232$134$44
41 years$984$612$367$214$122$38
42 years$950$582$344$197$111$34
43 years$917$555$323$182$100$29
44 years$886$529$303$168$91$26
45 years$857$504$284$155$83$23
46 years$829$481$267$143$75$20
47 years$802$459$251$132$68$17
48 years$776$438$236$122$62$15
49 years$752$419$222$113$56$13
50 years$728$400$208$105$51$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $746,000, adding $4,977 every year, while hoping to spend $31,405 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: 39/47/14 Blend
53$746,000$746,000$746,000$746,000
54$827,226$787,688$776,125$855,830
55$878,188$792,870$768,710$881,816
56$933,296$797,253$759,995$906,472
57$992,939$800,766$749,902$932,450
58$1,057,546$803,330$738,351$959,886
59$1,127,588$804,865$725,257$988,928
60$1,203,582$805,284$710,534$1,019,746
61$1,286,099$804,494$694,088$1,052,524
62$1,375,764$802,398$675,823$1,087,469
63$1,473,268$798,891$655,639$1,124,813
64$1,579,368$793,863$633,429$1,164,812
65$1,694,899$787,198$609,084$1,207,750
66$1,820,778$778,770$582,489$1,253,944
67$1,958,017$768,450$553,521$1,303,747
68$2,107,727$756,096$522,057$1,357,549
69$2,271,132$741,562$487,963$1,415,784
70$2,449,580$724,690$451,101$1,478,936
71$2,644,553$705,316$411,329$1,547,538
72$2,857,684$683,264$368,496$1,622,184
73$3,090,772$658,348$322,445$1,703,534
74$3,345,795$630,371$273,011$1,792,316
75$3,624,934$599,126$220,024$1,889,341
76$3,930,587$564,394$163,305$1,995,505
77$4,265,398$525,940$102,667$2,111,804
78$4,632,277$483,520$37,914$2,239,338
79$5,034,430$436,873$0$2,379,329
80$5,475,386$385,724$0$2,537,785
81$5,959,035$329,784$0$2,717,891
82$6,489,659$268,745$0$2,915,666
83$7,071,974$202,284$0$3,132,978
84$7,711,177$130,058$0$3,371,892
85$8,412,992$51,705$0$3,634,688
86$9,183,722$0$0$3,923,888
87$10,030,315$0$0$4,259,425
88$10,960,420$0$0$4,657,546
89$11,982,467$0$0$5,095,131
90$13,105,741$0$0$5,576,169
91$14,340,473$0$0$6,105,055
92$15,697,932$0$0$6,686,631
93$17,190,537$0$0$7,326,232
94$18,831,967$0$0$8,029,735
95$20,637,294$0$0$8,803,617
96$22,623,126$0$0$9,655,012
97$24,807,758$0$0$10,591,783
98$27,211,351$0$0$11,622,591
99$29,856,116$0$0$12,756,981
100$32,766,527$0$0$14,005,468