Can I retire at age 54 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$62,017$61,464$60,926$60,399$59,886$57,510
2 years$30,701$30,130$29,575$29,038$28,517$26,153
3 years$20,264$19,690$19,137$18,605$18,092$15,814
4 years$15,047$14,474$13,927$13,404$12,904$10,729
5 years$11,917$11,348$10,808$10,295$9,809$7,743
6 years$9,831$9,266$8,734$8,233$7,762$5,806
7 years$8,342$7,782$7,258$6,769$6,312$4,466
8 years$7,226$6,671$6,156$5,678$5,237$3,499
9 years$6,358$5,808$5,302$4,837$4,410$2,777
10 years$5,664$5,119$4,622$4,169$3,758$2,226
11 years$5,096$4,558$4,069$3,629$3,232$1,799
12 years$4,624$4,091$3,611$3,183$2,800$1,462
13 years$4,224$3,697$3,227$2,810$2,442$1,194
14 years$3,882$3,360$2,899$2,494$2,141$979
15 years$3,586$3,070$2,618$2,224$1,885$805
16 years$3,327$2,816$2,373$1,992$1,666$664
17 years$3,099$2,594$2,159$1,790$1,477$548
18 years$2,896$2,397$1,971$1,613$1,313$454
19 years$2,715$2,221$1,805$1,457$1,171$376
20 years$2,552$2,064$1,656$1,320$1,046$312
21 years$2,405$1,923$1,523$1,198$936$259
22 years$2,272$1,795$1,404$1,089$839$215
23 years$2,150$1,679$1,296$992$753$179
24 years$2,039$1,573$1,199$905$677$149
25 years$1,936$1,476$1,110$826$609$124
26 years$1,842$1,387$1,030$755$548$103
27 years$1,755$1,305$956$691$495$86
28 years$1,674$1,230$889$634$446$72
29 years$1,599$1,160$827$581$403$60
30 years$1,529$1,096$771$533$364$50
31 years$1,463$1,036$718$490$329$41
32 years$1,402$980$670$450$298$34
33 years$1,345$928$626$414$269$29
34 years$1,291$880$585$381$244$24
35 years$1,240$835$547$351$221$20
36 years$1,193$792$511$323$200$17
37 years$1,148$752$479$297$181$14
38 years$1,105$715$448$274$165$12
39 years$1,065$680$420$253$149$10
40 years$1,027$647$394$233$135$8
41 years$991$616$369$215$123$7
42 years$956$586$346$199$111$6
43 years$923$559$325$183$101$5
44 years$892$533$305$169$92$4
45 years$863$508$286$156$83$3
46 years$834$484$269$144$76$3
47 years$807$462$253$133$69$2
48 years$782$441$237$123$62$2
49 years$757$421$223$114$57$2
50 years$733$403$210$105$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $751,000, adding $4,511 every year, while hoping to spend $22,099 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: 49/27/24 Blend
53$751,000$751,000$751,000$751,000
54$832,255$792,452$780,812$867,188
55$893,632$807,769$783,456$907,331
56$960,529$823,096$785,448$948,342
57$1,033,485$838,410$786,742$992,450
58$1,113,094$853,686$787,292$1,039,957
59$1,200,011$868,898$787,048$1,091,196
60$1,294,955$884,017$785,957$1,146,535
61$1,398,718$899,011$783,964$1,206,379
62$1,512,173$913,848$781,012$1,271,176
63$1,636,280$928,492$777,042$1,341,420
64$1,772,097$942,905$771,989$1,417,655
65$1,920,788$957,044$765,788$1,500,481
66$2,083,635$970,866$758,368$1,590,562
67$2,262,051$984,324$749,659$1,688,629
68$2,457,591$997,367$739,583$1,795,488
69$2,671,968$1,009,940$728,062$1,912,029
70$2,907,067$1,021,986$715,010$2,039,234
71$3,164,968$1,033,442$700,343$2,178,186
72$3,447,957$1,044,244$683,967$2,330,079
73$3,758,557$1,054,320$665,788$2,496,230
74$4,099,543$1,063,595$645,705$2,678,094
75$4,473,975$1,071,990$623,615$2,877,273
76$4,885,222$1,079,419$599,407$3,095,536
77$5,336,995$1,085,791$572,968$3,334,833
78$5,833,384$1,091,010$544,178$3,597,314
79$6,378,893$1,094,973$512,911$3,885,353
80$6,978,484$1,097,571$479,039$4,201,565
81$7,637,626$1,098,688$442,423$4,548,838
82$8,362,341$1,098,202$402,921$4,930,352
83$9,159,266$1,095,980$360,385$5,349,617
84$10,035,713$1,091,884$314,659$5,810,505
85$10,999,736$1,085,767$265,581$6,317,282
86$12,060,211$1,077,472$212,981$6,874,655
87$13,226,918$1,066,833$156,681$7,487,813
88$14,510,631$1,053,675$96,497$8,162,480
89$15,923,222$1,037,811$32,235$8,904,965
90$17,477,770$1,019,044$0$9,722,226
91$19,188,690$997,164$0$10,631,240
92$21,071,861$971,950$0$11,640,573
93$23,144,782$943,167$0$12,751,344
94$25,426,734$910,567$0$13,973,894
95$27,938,963$873,887$0$15,319,620
96$30,704,879$832,848$0$16,801,082
97$33,750,276$787,157$0$18,432,128
98$37,103,578$736,502$0$20,228,016
99$40,796,107$680,555$0$22,205,565
100$44,862,375$618,967$0$24,383,312