Can I retire at age 54 with 750,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.4%
1 years$61,934$61,383$60,844$60,319$59,806$58,961
2 years$30,661$30,090$29,536$29,000$28,479$27,629
3 years$20,237$19,664$19,112$18,580$18,068$17,240
4 years$15,027$14,455$13,909$13,386$12,886$12,087
5 years$11,901$11,333$10,794$10,282$9,796$9,027
6 years$9,818$9,254$8,723$8,222$7,751$7,013
7 years$8,331$7,772$7,249$6,760$6,304$5,597
8 years$7,216$6,662$6,147$5,671$5,230$4,555
9 years$6,349$5,800$5,295$4,830$4,404$3,760
10 years$5,656$5,113$4,616$4,164$3,753$3,139
11 years$5,090$4,551$4,064$3,624$3,227$2,644
12 years$4,618$4,085$3,607$3,179$2,797$2,243
13 years$4,219$3,692$3,222$2,806$2,439$1,914
14 years$3,877$3,356$2,895$2,491$2,138$1,641
15 years$3,581$3,066$2,614$2,222$1,882$1,412
16 years$3,323$2,813$2,370$1,989$1,664$1,220
17 years$3,095$2,590$2,157$1,787$1,475$1,056
18 years$2,892$2,394$1,969$1,611$1,312$917
19 years$2,712$2,218$1,802$1,455$1,169$798
20 years$2,549$2,061$1,654$1,318$1,044$695
21 years$2,402$1,920$1,521$1,196$934$607
22 years$2,269$1,792$1,402$1,088$838$530
23 years$2,147$1,676$1,295$991$752$464
24 years$2,036$1,571$1,197$903$676$406
25 years$1,934$1,474$1,109$825$608$356
26 years$1,839$1,385$1,029$754$548$312
27 years$1,752$1,304$955$691$494$274
28 years$1,672$1,228$888$633$446$241
29 years$1,597$1,159$826$580$402$212
30 years$1,527$1,094$770$532$364$186
31 years$1,461$1,035$717$489$329$164
32 years$1,400$979$669$449$297$144
33 years$1,343$927$625$413$269$127
34 years$1,289$879$584$380$244$111
35 years$1,239$833$546$350$221$98
36 years$1,191$791$511$322$200$86
37 years$1,146$751$478$297$181$76
38 years$1,104$714$448$274$164$67
39 years$1,063$679$419$252$149$59
40 years$1,025$646$393$233$135$52
41 years$989$615$369$215$123$46
42 years$955$586$346$198$111$40
43 years$922$558$324$183$101$36
44 years$891$532$305$169$92$31
45 years$861$507$286$156$83$28
46 years$833$484$269$144$76$24
47 years$806$462$252$133$69$21
48 years$780$441$237$123$62$19
49 years$756$421$223$114$57$17
50 years$732$402$210$105$51$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $750,000, adding $4,062 every year, while hoping to spend $43,021 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: 64/15/21 Blend
53$750,000$750,000$750,000$750,000
54$830,690$790,940$779,315$879,128
55$869,646$783,922$759,648$905,211
56$911,134$775,118$737,880$928,477
57$955,367$764,396$713,896$952,899
58$1,002,577$751,614$687,574$978,594
59$1,053,020$736,623$658,788$1,005,690
60$1,106,976$719,266$627,405$1,034,332
61$1,164,752$699,374$593,288$1,064,679
62$1,226,683$676,770$556,290$1,096,910
63$1,293,141$651,268$516,262$1,131,224
64$1,364,529$622,668$473,044$1,167,840
65$1,441,293$590,761$426,473$1,207,004
66$1,523,921$555,323$376,376$1,248,987
67$1,612,948$516,122$322,572$1,294,092
68$1,708,964$472,907$264,873$1,342,655
69$1,812,616$425,417$203,084$1,395,047
70$1,924,615$373,375$136,999$1,451,683
71$2,045,741$316,486$66,405$1,513,021
72$2,176,855$254,441$0$1,579,570
73$2,318,898$186,913$0$1,653,894
74$2,472,911$113,557$0$1,750,627
75$2,640,033$34,006$0$1,855,621
76$2,821,521$0$0$1,969,700
77$3,018,755$0$0$2,102,377
78$3,233,254$0$0$2,252,818
79$3,466,689$0$0$2,416,588
80$3,720,900$0$0$2,594,984
81$3,997,909$0$0$2,789,430
82$4,299,944$0$0$3,001,497
83$4,629,455$0$0$3,232,913
84$4,989,141$0$0$3,485,579
85$5,381,969$0$0$3,761,589
86$5,811,211$0$0$4,063,247
87$6,280,463$0$0$4,393,090
88$6,793,690$0$0$4,753,912
89$7,355,253$0$0$5,148,789
90$7,969,957$0$0$5,581,107
91$8,643,091$0$0$6,054,597
92$9,380,481$0$0$6,573,366
93$10,188,543$0$0$7,141,937
94$11,074,341$0$0$7,765,292
95$12,045,658$0$0$8,448,917
96$13,111,063$0$0$9,198,857
97$14,279,998$0$0$10,021,768
98$15,562,859$0$0$10,924,981
99$16,971,101$0$0$11,916,573
100$18,517,339$0$0$13,005,441