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%16.4%
1 years$62,017$61,464$60,926$60,399$59,886$58,320
2 years$30,701$30,130$29,575$29,038$28,517$26,950
3 years$20,264$19,690$19,137$18,605$18,092$16,573
4 years$15,047$14,474$13,927$13,404$12,904$11,444
5 years$11,917$11,348$10,808$10,295$9,809$8,413
6 years$9,831$9,266$8,734$8,233$7,762$6,431
7 years$8,342$7,782$7,258$6,769$6,312$5,047
8 years$7,226$6,671$6,156$5,678$5,237$4,036
9 years$6,358$5,808$5,302$4,837$4,410$3,273
10 years$5,664$5,119$4,622$4,169$3,758$2,682
11 years$5,096$4,558$4,069$3,629$3,232$2,217
12 years$4,624$4,091$3,611$3,183$2,800$1,844
13 years$4,224$3,697$3,227$2,810$2,442$1,542
14 years$3,882$3,360$2,899$2,494$2,141$1,296
15 years$3,586$3,070$2,618$2,224$1,885$1,092
16 years$3,327$2,816$2,373$1,992$1,666$924
17 years$3,099$2,594$2,159$1,790$1,477$783
18 years$2,896$2,397$1,971$1,613$1,313$665
19 years$2,715$2,221$1,805$1,457$1,171$566
20 years$2,552$2,064$1,656$1,320$1,046$482
21 years$2,405$1,923$1,523$1,198$936$411
22 years$2,272$1,795$1,404$1,089$839$351
23 years$2,150$1,679$1,296$992$753$300
24 years$2,039$1,573$1,199$905$677$257
25 years$1,936$1,476$1,110$826$609$220
26 years$1,842$1,387$1,030$755$548$188
27 years$1,755$1,305$956$691$495$161
28 years$1,674$1,230$889$634$446$138
29 years$1,599$1,160$827$581$403$118
30 years$1,529$1,096$771$533$364$102
31 years$1,463$1,036$718$490$329$87
32 years$1,402$980$670$450$298$75
33 years$1,345$928$626$414$269$64
34 years$1,291$880$585$381$244$55
35 years$1,240$835$547$351$221$47
36 years$1,193$792$511$323$200$41
37 years$1,148$752$479$297$181$35
38 years$1,105$715$448$274$165$30
39 years$1,065$680$420$253$149$26
40 years$1,027$647$394$233$135$22
41 years$991$616$369$215$123$19
42 years$956$586$346$199$111$16
43 years$923$559$325$183$101$14
44 years$892$533$305$169$92$12
45 years$863$508$286$156$83$10
46 years$834$484$269$144$76$9
47 years$807$462$253$133$69$8
48 years$782$441$237$123$62$7
49 years$757$421$223$114$57$6
50 years$733$403$210$105$51$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $751,000, adding $4,716 every year, while hoping to spend $44,043 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: 52/24/24 Blend
53$751,000$751,000$751,000$751,000
54$832,467$792,664$781,023$869,968
55$870,517$784,643$760,326$888,387
56$910,972$774,753$737,459$903,515
57$954,031$762,855$712,304$919,066
58$999,911$748,804$684,735$935,096
59$1,048,851$732,445$654,623$951,671
60$1,101,112$713,613$621,831$968,865
61$1,156,980$692,134$586,217$986,764
62$1,216,768$667,825$547,631$1,005,464
63$1,280,821$640,491$505,919$1,025,074
64$1,349,515$609,925$460,918$1,045,719
65$1,423,264$575,911$412,458$1,067,539
66$1,502,524$538,216$360,361$1,090,693
67$1,587,791$496,599$304,443$1,115,358
68$1,679,614$450,800$244,510$1,141,736
69$1,778,593$400,548$180,360$1,170,053
70$1,885,390$345,555$111,782$1,200,563
71$2,000,729$285,517$38,557$1,233,550
72$2,125,409$220,113$0$1,269,334
73$2,260,305$149,003$0$1,318,410
74$2,406,380$71,828$0$1,382,236
75$2,564,695$0$0$1,451,438
76$2,736,412$0$0$1,529,698
77$2,922,814$0$0$1,635,305
78$3,125,308$0$0$1,750,095
79$3,345,444$0$0$1,874,955
80$3,584,926$0$0$2,010,862
81$3,845,631$0$0$2,158,887
82$4,129,621$0$0$2,320,214
83$4,439,168$0$0$2,496,140
84$4,776,771$0$0$2,688,098
85$5,145,181$0$0$2,897,663
86$5,547,426$0$0$3,126,567
87$5,986,839$0$0$3,376,720
88$6,467,089$0$0$3,650,222
89$6,992,218$0$0$3,949,388
90$7,566,672$0$0$4,276,765
91$8,195,351$0$0$4,635,156
92$8,883,646$0$0$5,027,652
93$9,637,496$0$0$5,457,653
94$10,463,443$0$0$5,928,905
95$11,368,688$0$0$6,445,534
96$12,361,164$0$0$7,012,084
97$13,449,609$0$0$7,633,558
98$14,643,644$0$0$8,315,470
99$15,953,870$0$0$9,063,890
100$17,391,960$0$0$9,885,506