Can I retire at age 54 with 751,000?

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 $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%13.3%
1 years$62,017$61,464$60,926$60,399$59,886$59,064
2 years$30,701$30,130$29,575$29,038$28,517$27,691
3 years$20,264$19,690$19,137$18,605$18,092$17,287
4 years$15,047$14,474$13,927$13,404$12,904$12,125
5 years$11,917$11,348$10,808$10,295$9,809$9,060
6 years$9,831$9,266$8,734$8,233$7,762$7,043
7 years$8,342$7,782$7,258$6,769$6,312$5,624
8 years$7,226$6,671$6,156$5,678$5,237$4,579
9 years$6,358$5,808$5,302$4,837$4,410$3,783
10 years$5,664$5,119$4,622$4,169$3,758$3,160
11 years$5,096$4,558$4,069$3,629$3,232$2,663
12 years$4,624$4,091$3,611$3,183$2,800$2,261
13 years$4,224$3,697$3,227$2,810$2,442$1,930
14 years$3,882$3,360$2,899$2,494$2,141$1,656
15 years$3,586$3,070$2,618$2,224$1,885$1,426
16 years$3,327$2,816$2,373$1,992$1,666$1,233
17 years$3,099$2,594$2,159$1,790$1,477$1,068
18 years$2,896$2,397$1,971$1,613$1,313$928
19 years$2,715$2,221$1,805$1,457$1,171$808
20 years$2,552$2,064$1,656$1,320$1,046$704
21 years$2,405$1,923$1,523$1,198$936$615
22 years$2,272$1,795$1,404$1,089$839$538
23 years$2,150$1,679$1,296$992$753$471
24 years$2,039$1,573$1,199$905$677$413
25 years$1,936$1,476$1,110$826$609$362
26 years$1,842$1,387$1,030$755$548$318
27 years$1,755$1,305$956$691$495$279
28 years$1,674$1,230$889$634$446$246
29 years$1,599$1,160$827$581$403$216
30 years$1,529$1,096$771$533$364$190
31 years$1,463$1,036$718$490$329$167
32 years$1,402$980$670$450$298$147
33 years$1,345$928$626$414$269$130
34 years$1,291$880$585$381$244$114
35 years$1,240$835$547$351$221$101
36 years$1,193$792$511$323$200$89
37 years$1,148$752$479$297$181$78
38 years$1,105$715$448$274$165$69
39 years$1,065$680$420$253$149$61
40 years$1,027$647$394$233$135$54
41 years$991$616$369$215$123$47
42 years$956$586$346$199$111$42
43 years$923$559$325$183$101$37
44 years$892$533$305$169$92$32
45 years$863$508$286$156$83$29
46 years$834$484$269$144$76$25
47 years$807$462$253$133$69$22
48 years$782$441$237$123$62$20
49 years$757$421$223$114$57$17
50 years$733$403$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 $751,000, adding $4,341 every year, while hoping to spend $29,315 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: 37/33/30 Blend
53$751,000$751,000$751,000$751,000
54$832,080$792,277$780,636$855,285
55$885,761$799,907$775,597$880,533
56$943,935$806,929$769,406$904,827
57$1,007,030$813,282$761,994$930,519
58$1,075,514$818,901$753,288$957,756
59$1,149,906$823,716$743,213$986,700
60$1,230,774$827,655$731,688$1,017,534
61$1,318,742$830,640$718,629$1,050,461
62$1,414,500$832,588$703,949$1,085,703
63$1,518,805$833,410$687,557$1,123,513
64$1,632,490$833,014$669,357$1,164,167
65$1,756,471$831,299$649,248$1,207,974
66$1,891,759$828,160$627,125$1,255,276
67$2,039,464$823,486$602,880$1,306,454
68$2,200,809$817,157$576,396$1,361,931
69$2,377,142$809,047$547,556$1,422,173
70$2,569,944$799,024$516,232$1,487,701
71$2,780,846$786,945$482,294$1,559,091
72$3,011,648$772,660$445,606$1,636,981
73$3,264,326$756,010$406,024$1,722,078
74$3,541,060$736,828$363,399$1,815,168
75$3,844,250$714,935$317,575$1,917,117
76$4,176,539$690,141$268,389$2,028,889
77$4,540,836$662,249$215,670$2,151,547
78$4,940,348$631,046$159,242$2,286,271
79$5,378,606$596,309$98,918$2,434,366
80$5,859,497$557,801$34,505$2,597,275
81$6,387,306$515,274$0$2,776,597
82$6,966,750$468,461$0$2,985,057
83$7,603,028$417,086$0$3,226,149
84$8,301,865$360,851$0$3,491,050
85$9,069,568$299,446$0$3,782,222
86$9,913,086$232,540$0$4,102,385
87$10,840,073$159,787$0$4,454,537
88$11,858,962$80,818$0$4,841,989
89$12,979,043$0$0$5,268,396
90$14,210,552$0$0$5,739,514
91$15,564,766$0$0$6,289,958
92$17,054,110$0$0$6,895,445
93$18,692,271$0$0$7,561,556
94$20,494,331$0$0$8,294,437
95$22,476,908$0$0$9,100,863
96$24,658,312$0$0$9,988,296
97$27,058,714$0$0$10,964,961
98$29,700,342$0$0$12,039,918
99$32,607,689$0$0$13,223,151
100$35,807,739$0$0$14,525,662