Can I retire at age 54 with 748,000?

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 $748,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$61,769$61,219$60,682$60,158$59,647$58,252
2 years$30,579$30,009$29,457$28,922$28,403$27,006
3 years$20,183$19,611$19,061$18,531$18,020$16,664
4 years$14,987$14,416$13,871$13,350$12,852$11,548
5 years$11,869$11,303$10,765$10,254$9,770$8,521
6 years$9,792$9,229$8,700$8,200$7,731$6,538
7 years$8,309$7,751$7,229$6,742$6,287$5,151
8 years$7,197$6,644$6,131$5,656$5,216$4,136
9 years$6,332$5,785$5,281$4,817$4,392$3,368
10 years$5,641$5,099$4,604$4,153$3,743$2,773
11 years$5,076$4,539$4,053$3,614$3,219$2,302
12 years$4,605$4,074$3,597$3,170$2,789$1,924
13 years$4,208$3,682$3,214$2,799$2,432$1,616
14 years$3,867$3,347$2,888$2,484$2,132$1,364
15 years$3,572$3,057$2,607$2,216$1,877$1,156
16 years$3,314$2,805$2,364$1,984$1,659$982
17 years$3,087$2,583$2,151$1,782$1,471$837
18 years$2,885$2,387$1,963$1,606$1,308$714
19 years$2,704$2,212$1,797$1,451$1,166$611
20 years$2,542$2,056$1,650$1,315$1,041$523
21 years$2,396$1,915$1,517$1,193$932$449
22 years$2,263$1,788$1,398$1,085$835$385
23 years$2,141$1,672$1,291$988$750$331
24 years$2,030$1,566$1,194$901$674$285
25 years$1,928$1,470$1,106$823$606$245
26 years$1,834$1,382$1,026$752$546$211
27 years$1,748$1,300$953$689$493$182
28 years$1,667$1,225$886$631$444$157
29 years$1,592$1,156$824$579$401$135
30 years$1,523$1,092$768$531$363$117
31 years$1,458$1,032$716$488$328$101
32 years$1,397$976$668$448$297$87
33 years$1,340$925$623$412$268$75
34 years$1,286$876$582$379$243$65
35 years$1,236$831$545$349$220$56
36 years$1,188$789$509$322$199$48
37 years$1,143$749$477$296$181$42
38 years$1,101$712$447$273$164$36
39 years$1,061$677$418$252$149$31
40 years$1,023$644$392$232$135$27
41 years$987$613$368$214$122$23
42 years$952$584$345$198$111$20
43 years$920$556$324$183$101$17
44 years$889$530$304$169$91$15
45 years$859$506$285$156$83$13
46 years$831$483$268$144$75$11
47 years$804$460$252$133$68$10
48 years$778$440$237$123$62$8
49 years$754$420$222$113$56$7
50 years$730$401$209$105$51$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $748,000, adding $5,999 every year, while hoping to spend $46,872 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: 77/15/8 Blend
53$748,000$748,000$748,000$748,000
54$830,484$790,840$779,246$893,018
55$865,322$779,720$755,479$923,829
56$902,142$766,484$729,345$950,969
57$941,098$750,978$700,716$979,361
58$982,356$733,042$669,455$1,009,111
59$1,026,098$712,503$635,424$1,040,334
60$1,072,523$689,178$598,473$1,073,160
61$1,121,849$662,877$558,451$1,107,730
62$1,174,314$633,394$515,195$1,144,201
63$1,230,178$600,515$468,539$1,182,746
64$1,289,727$564,012$418,306$1,223,557
65$1,353,274$523,643$364,314$1,266,847
66$1,421,160$479,153$306,371$1,312,850
67$1,493,761$430,274$244,277$1,361,825
68$1,571,488$376,721$177,824$1,414,061
69$1,654,793$318,193$106,793$1,469,874
70$1,744,169$254,372$30,958$1,529,615
71$1,840,160$184,922$0$1,593,674
72$1,943,361$109,488$0$1,666,745
73$2,054,428$27,697$0$1,748,136
74$2,174,078$0$0$1,835,747
75$2,303,100$0$0$1,940,227
76$2,442,362$0$0$2,057,954
77$2,592,815$0$0$2,185,163
78$2,755,507$0$0$2,322,743
79$2,931,587$0$0$2,471,668
80$3,122,320$0$0$2,633,012
81$3,329,097$0$0$2,807,954
82$3,553,446$0$0$2,997,790
83$3,797,050$0$0$3,203,948
84$4,061,758$0$0$3,427,997
85$4,349,605$0$0$3,671,661
86$4,662,828$0$0$3,936,840
87$5,003,892$0$0$4,225,624
88$5,375,505$0$0$4,540,311
89$5,780,652$0$0$4,883,432
90$6,222,614$0$0$5,257,772
91$6,705,006$0$0$5,666,396
92$7,231,803$0$0$6,112,677
93$7,807,384$0$0$6,600,332
94$8,436,570$0$0$7,133,448
95$9,124,666$0$0$7,716,528
96$9,877,517$0$0$8,354,529
97$10,701,556$0$0$9,052,911
98$11,603,868$0$0$9,817,683
99$12,592,254$0$0$10,655,465
100$13,675,307$0$0$11,573,547