Can I retire at age 54 with 752,000?

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 $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%
1 years$62,099$61,546$61,007$60,480$59,966$59,438
2 years$30,742$30,170$29,615$29,077$28,555$28,024
3 years$20,291$19,716$19,163$18,630$18,116$17,598
4 years$15,067$14,494$13,946$13,422$12,921$12,418
5 years$11,933$11,363$10,822$10,309$9,822$9,338
6 years$9,844$9,279$8,746$8,244$7,772$7,306
7 years$8,353$7,792$7,268$6,778$6,321$5,873
8 years$7,235$6,679$6,164$5,686$5,244$4,815
9 years$6,366$5,816$5,309$4,843$4,416$4,006
10 years$5,671$5,126$4,628$4,175$3,763$3,371
11 years$5,103$4,564$4,075$3,633$3,236$2,862
12 years$4,630$4,096$3,616$3,187$2,804$2,448
13 years$4,230$3,702$3,231$2,814$2,445$2,106
14 years$3,888$3,365$2,903$2,498$2,144$1,821
15 years$3,591$3,074$2,621$2,227$1,887$1,582
16 years$3,332$2,820$2,376$1,994$1,668$1,378
17 years$3,103$2,597$2,162$1,792$1,479$1,204
18 years$2,900$2,400$1,974$1,615$1,315$1,055
19 years$2,719$2,224$1,807$1,459$1,172$927
20 years$2,556$2,067$1,658$1,322$1,047$815
21 years$2,409$1,925$1,525$1,199$937$719
22 years$2,275$1,797$1,406$1,091$840$634
23 years$2,153$1,681$1,298$993$754$560
24 years$2,041$1,575$1,201$906$678$496
25 years$1,939$1,478$1,112$827$610$439
26 years$1,844$1,389$1,031$756$549$389
27 years$1,757$1,307$958$692$495$345
28 years$1,676$1,232$890$634$447$306
29 years$1,601$1,162$828$582$403$272
30 years$1,531$1,097$772$534$365$242
31 years$1,465$1,037$719$490$330$215
32 years$1,404$982$671$451$298$191
33 years$1,347$930$627$414$270$170
34 years$1,293$881$586$381$244$151
35 years$1,242$836$547$351$221$134
36 years$1,194$793$512$323$200$120
37 years$1,149$753$479$298$182$107
38 years$1,107$716$449$275$165$95
39 years$1,066$681$421$253$149$85
40 years$1,028$648$394$233$135$75
41 years$992$617$370$215$123$67
42 years$957$587$347$199$112$60
43 years$925$559$325$184$101$53
44 years$893$533$305$169$92$48
45 years$864$509$287$156$83$42
46 years$835$485$269$145$76$38
47 years$808$463$253$134$69$34
48 years$783$442$238$123$62$30
49 years$758$422$224$114$57$27
50 years$734$403$210$105$52$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $752,000, adding $5,647 every year, while hoping to spend $25,924 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: 61/31/8 Blend
53$752,000$752,000$752,000$752,000
54$834,529$794,673$783,017$883,680
55$892,068$806,029$781,665$928,616
56$954,607$817,073$779,399$974,129
57$1,022,629$827,761$776,161$1,023,135
58$1,096,665$838,049$771,890$1,075,969
59$1,177,298$847,887$766,522$1,133,005
60$1,265,173$857,224$759,991$1,194,651
61$1,360,996$866,004$752,226$1,261,360
62$1,465,547$874,167$743,155$1,333,629
63$1,579,683$881,651$732,700$1,412,009
64$1,704,346$888,388$720,782$1,497,105
65$1,840,577$894,306$707,315$1,589,585
66$1,989,518$899,330$692,213$1,690,187
67$2,152,430$903,377$675,383$1,799,722
68$2,330,698$906,363$656,728$1,919,086
69$2,525,848$908,194$636,148$2,049,268
70$2,739,563$908,774$613,537$2,191,358
71$2,973,693$907,999$588,785$2,346,558
72$3,230,278$905,758$561,777$2,516,192
73$3,511,562$901,936$532,393$2,701,722
74$3,820,018$896,408$500,505$2,904,760
75$4,158,371$889,043$465,983$3,127,083
76$4,529,620$879,702$428,688$3,370,653
77$4,937,070$868,236$388,478$3,637,629
78$5,384,361$854,489$345,202$3,930,396
79$5,875,503$838,296$298,703$4,251,583
80$6,414,912$819,480$248,817$4,604,088
81$7,007,454$797,855$195,374$4,991,106
82$7,658,489$773,225$138,194$5,416,164
83$8,373,923$745,381$77,091$5,883,147
84$9,160,260$714,102$11,870$6,396,340
85$10,024,668$679,154$0$6,960,469
86$10,975,042$640,291$0$7,585,672
87$12,020,082$597,251$0$8,274,167
88$13,169,372$549,758$0$9,031,292
89$14,433,472$497,520$0$9,864,052
90$15,824,016$440,228$0$10,780,166
91$17,353,823$377,557$0$11,788,146
92$19,037,016$309,160$0$12,897,374
93$20,889,158$234,676$0$14,118,192
94$22,927,395$153,717$0$15,462,001
95$25,170,620$65,880$0$16,941,370
96$27,639,649$0$0$18,570,153
97$30,357,421$0$0$20,373,605
98$33,349,209$0$0$22,383,697
99$36,642,862$0$0$24,596,676
100$40,269,067$0$0$27,033,169