Can I retire at age 54 with 752,000?

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 $752,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$62,099$61,546$61,007$60,480$59,966$59,463
2 years$30,742$30,170$29,615$29,077$28,555$28,049
3 years$20,291$19,716$19,163$18,630$18,116$17,622
4 years$15,067$14,494$13,946$13,422$12,921$12,442
5 years$11,933$11,363$10,822$10,309$9,822$9,360
6 years$9,844$9,279$8,746$8,244$7,772$7,327
7 years$8,353$7,792$7,268$6,778$6,321$5,894
8 years$7,235$6,679$6,164$5,686$5,244$4,835
9 years$6,366$5,816$5,309$4,843$4,416$4,024
10 years$5,671$5,126$4,628$4,175$3,763$3,388
11 years$5,103$4,564$4,075$3,633$3,236$2,879
12 years$4,630$4,096$3,616$3,187$2,804$2,464
13 years$4,230$3,702$3,231$2,814$2,445$2,121
14 years$3,888$3,365$2,903$2,498$2,144$1,836
15 years$3,591$3,074$2,621$2,227$1,887$1,595
16 years$3,332$2,820$2,376$1,994$1,668$1,391
17 years$3,103$2,597$2,162$1,792$1,479$1,216
18 years$2,900$2,400$1,974$1,615$1,315$1,067
19 years$2,719$2,224$1,807$1,459$1,172$937
20 years$2,556$2,067$1,658$1,322$1,047$825
21 years$2,409$1,925$1,525$1,199$937$728
22 years$2,275$1,797$1,406$1,091$840$643
23 years$2,153$1,681$1,298$993$754$568
24 years$2,041$1,575$1,201$906$678$503
25 years$1,939$1,478$1,112$827$610$446
26 years$1,844$1,389$1,031$756$549$396
27 years$1,757$1,307$958$692$495$351
28 years$1,676$1,232$890$634$447$312
29 years$1,601$1,162$828$582$403$277
30 years$1,531$1,097$772$534$365$246
31 years$1,465$1,037$719$490$330$219
32 years$1,404$982$671$451$298$195
33 years$1,347$930$627$414$270$174
34 years$1,293$881$586$381$244$155
35 years$1,242$836$547$351$221$138
36 years$1,194$793$512$323$200$123
37 years$1,149$753$479$298$182$109
38 years$1,107$716$449$275$165$98
39 years$1,066$681$421$253$149$87
40 years$1,028$648$394$233$135$78
41 years$992$617$370$215$123$69
42 years$957$587$347$199$112$62
43 years$925$559$325$184$101$55
44 years$893$533$305$169$92$49
45 years$864$509$287$156$83$44
46 years$835$485$269$145$76$39
47 years$808$463$253$134$69$35
48 years$783$442$238$123$62$31
49 years$758$422$224$114$57$28
50 years$734$403$210$105$52$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $752,000, adding $2,407 every year, while hoping to spend $36,488 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: 62/28/10 Blend
53$752,000$752,000$752,000$752,000
54$831,187$791,331$779,675$880,710
55$877,145$791,283$766,971$914,100
56$926,568$790,010$752,619$946,109
57$979,770$787,413$736,524$980,135
58$1,037,099$783,388$718,589$1,016,372
59$1,098,932$777,823$698,711$1,055,038
60$1,165,688$770,602$676,783$1,096,372
61$1,237,825$761,598$652,692$1,140,639
62$1,315,847$750,680$626,321$1,188,133
63$1,400,308$737,708$597,547$1,239,178
64$1,491,816$722,532$566,242$1,294,133
65$1,591,042$704,997$532,271$1,353,397
66$1,698,721$684,934$495,495$1,417,408
67$1,815,663$662,169$455,767$1,486,653
68$1,942,759$636,514$412,934$1,561,670
69$2,080,988$607,771$366,835$1,643,054
70$2,231,429$575,732$317,304$1,731,464
71$2,395,268$540,176$264,167$1,827,626
72$2,573,810$500,869$207,241$1,932,346
73$2,768,491$457,564$146,336$2,046,512
74$2,980,892$409,999$81,253$2,171,107
75$3,212,753$357,900$11,786$2,307,220
76$3,465,991$300,974$0$2,456,049
77$3,742,713$238,913$0$2,625,575
78$4,045,241$171,391$0$2,812,386
79$4,376,132$98,065$0$3,016,869
80$4,738,199$18,572$0$3,240,840
81$5,134,541$0$0$3,486,303
82$5,568,572$0$0$3,776,260
83$6,044,048$0$0$4,100,229
84$6,565,108$0$0$4,455,315
85$7,136,311$0$0$4,844,631
86$7,762,675$0$0$5,271,606
87$8,449,730$0$0$5,740,017
88$9,203,565$0$0$6,254,022
89$10,030,888$0$0$6,818,204
90$10,939,088$0$0$7,437,611
91$11,936,304$0$0$8,117,801
92$13,031,500$0$0$8,864,900
93$14,234,554$0$0$9,685,654
94$15,556,345$0$0$10,587,496
95$17,008,859$0$0$11,578,614
96$18,605,302$0$0$12,668,028
97$20,360,221$0$0$13,865,677
98$22,289,642$0$0$15,182,509
99$24,411,223$0$0$16,630,589
100$26,744,420$0$0$18,223,205