Can I retire at age 54 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$61,934$61,383$60,844$60,319$59,806$57,638
2 years$30,661$30,090$29,536$29,000$28,479$26,319
3 years$20,237$19,664$19,112$18,580$18,068$15,984
4 years$15,027$14,455$13,909$13,386$12,886$10,893
5 years$11,901$11,333$10,794$10,282$9,796$7,899
6 years$9,818$9,254$8,723$8,222$7,751$5,953
7 years$8,331$7,772$7,249$6,760$6,304$4,603
8 years$7,216$6,662$6,147$5,671$5,230$3,625
9 years$6,349$5,800$5,295$4,830$4,404$2,893
10 years$5,656$5,113$4,616$4,164$3,753$2,333
11 years$5,090$4,551$4,064$3,624$3,227$1,896
12 years$4,618$4,085$3,607$3,179$2,797$1,550
13 years$4,219$3,692$3,222$2,806$2,439$1,274
14 years$3,877$3,356$2,895$2,491$2,138$1,051
15 years$3,581$3,066$2,614$2,222$1,882$870
16 years$3,323$2,813$2,370$1,989$1,664$722
17 years$3,095$2,590$2,157$1,787$1,475$600
18 years$2,892$2,394$1,969$1,611$1,312$500
19 years$2,712$2,218$1,802$1,455$1,169$417
20 years$2,549$2,061$1,654$1,318$1,044$348
21 years$2,402$1,920$1,521$1,196$934$291
22 years$2,269$1,792$1,402$1,088$838$244
23 years$2,147$1,676$1,295$991$752$204
24 years$2,036$1,571$1,197$903$676$171
25 years$1,934$1,474$1,109$825$608$143
26 years$1,839$1,385$1,029$754$548$120
27 years$1,752$1,304$955$691$494$101
28 years$1,672$1,228$888$633$446$85
29 years$1,597$1,159$826$580$402$71
30 years$1,527$1,094$770$532$364$60
31 years$1,461$1,035$717$489$329$50
32 years$1,400$979$669$449$297$42
33 years$1,343$927$625$413$269$35
34 years$1,289$879$584$380$244$30
35 years$1,239$833$546$350$221$25
36 years$1,191$791$511$322$200$21
37 years$1,146$751$478$297$181$18
38 years$1,104$714$448$274$164$15
39 years$1,063$679$419$252$149$12
40 years$1,025$646$393$233$135$10
41 years$989$615$369$215$123$9
42 years$955$586$346$198$111$7
43 years$922$558$324$183$101$6
44 years$891$532$305$169$92$5
45 years$861$507$286$156$83$4
46 years$833$484$269$144$76$4
47 years$806$462$252$133$69$3
48 years$780$441$237$123$62$3
49 years$756$421$223$114$57$2
50 years$732$402$210$105$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $750,000, adding $3,775 every year, while hoping to spend $26,120 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: 52/21/27 Blend
53$750,000$750,000$750,000$750,000
54$830,394$790,644$779,019$867,119
55$887,303$801,594$777,325$903,963
56$949,141$812,205$774,698$941,067
57$1,016,383$822,433$771,080$980,908
58$1,089,553$832,231$766,410$1,023,760
59$1,169,225$841,548$760,623$1,069,922
60$1,256,033$850,331$753,651$1,119,728
61$1,350,672$858,522$745,422$1,173,542
62$1,453,911$866,059$735,864$1,231,772
63$1,566,592$872,879$724,898$1,294,863
64$1,689,645$878,910$712,442$1,363,312
65$1,824,092$884,080$698,412$1,437,663
66$1,971,059$888,309$682,718$1,518,519
67$2,131,785$891,514$665,267$1,606,547
68$2,307,635$893,606$645,962$1,702,482
69$2,500,111$894,490$624,699$1,807,135
70$2,710,868$894,067$601,373$1,921,403
71$2,941,729$892,228$575,871$2,046,275
72$3,194,700$888,862$548,077$2,182,844
73$3,471,991$883,847$517,869$2,332,316
74$3,776,035$877,057$485,118$2,496,022
75$4,109,514$868,356$449,693$2,675,430
76$4,475,379$857,600$411,453$2,872,164
77$4,876,884$844,639$370,253$3,088,012
78$5,317,610$829,311$325,941$3,324,949
79$5,801,504$811,444$278,357$3,585,155
80$6,332,913$790,860$227,337$3,871,036
81$6,916,624$767,366$172,707$4,185,243
82$7,557,913$740,760$114,286$4,530,706
83$8,262,590$710,828$51,885$4,910,655
84$9,037,059$677,343$0$5,328,653
85$9,888,372$640,066$0$5,792,869
86$10,824,298$598,742$0$6,319,630
87$11,853,400$553,103$0$6,898,820
88$12,985,108$502,867$0$7,535,779
89$14,229,814$447,732$0$8,236,397
90$15,598,968$387,384$0$9,007,163
91$17,105,183$321,486$0$9,855,232
92$18,762,358$249,685$0$10,788,490
93$20,585,807$171,608$0$11,815,630
94$22,592,403$86,861$0$12,946,233
95$24,800,738$0$0$14,190,860
96$27,231,296$0$0$15,562,303
97$29,906,648$0$0$17,094,053
98$32,851,666$0$0$18,780,291
99$36,093,754$0$0$20,636,719
100$39,663,108$0$0$22,680,639