Can I retire at age 54 with 753,000?

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 $753,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$62,182$61,628$61,088$60,560$60,045$57,800
2 years$30,783$30,210$29,654$29,116$28,593$26,357
3 years$20,318$19,742$19,188$18,655$18,141$15,983
4 years$15,087$14,513$13,964$13,440$12,938$10,877
5 years$11,949$11,378$10,837$10,323$9,835$7,875
6 years$9,857$9,291$8,758$8,255$7,782$5,924
7 years$8,364$7,803$7,278$6,787$6,329$4,573
8 years$7,245$6,688$6,172$5,694$5,251$3,595
9 years$6,375$5,823$5,316$4,850$4,422$2,864
10 years$5,679$5,133$4,635$4,180$3,768$2,305
11 years$5,110$4,570$4,080$3,638$3,240$1,870
12 years$4,636$4,101$3,621$3,191$2,808$1,526
13 years$4,236$3,707$3,235$2,817$2,449$1,251
14 years$3,893$3,369$2,907$2,501$2,146$1,030
15 years$3,596$3,078$2,624$2,230$1,890$851
16 years$3,336$2,824$2,379$1,997$1,670$704
17 years$3,107$2,601$2,165$1,794$1,481$584
18 years$2,904$2,403$1,977$1,617$1,317$486
19 years$2,722$2,227$1,809$1,461$1,174$404
20 years$2,559$2,070$1,661$1,323$1,048$337
21 years$2,412$1,928$1,527$1,201$938$281
22 years$2,278$1,799$1,408$1,092$841$235
23 years$2,156$1,683$1,300$995$755$196
24 years$2,044$1,577$1,202$907$678$164
25 years$1,941$1,480$1,113$828$611$137
26 years$1,847$1,391$1,033$757$550$115
27 years$1,759$1,309$959$693$496$96
28 years$1,678$1,233$891$635$447$80
29 years$1,603$1,164$830$583$404$67
30 years$1,533$1,099$773$535$365$56
31 years$1,467$1,039$720$491$330$47
32 years$1,406$983$672$451$299$39
33 years$1,349$931$628$415$270$33
34 years$1,295$882$586$382$245$28
35 years$1,244$837$548$351$222$23
36 years$1,196$794$513$324$201$19
37 years$1,151$754$480$298$182$16
38 years$1,108$717$449$275$165$14
39 years$1,068$682$421$253$150$11
40 years$1,029$649$395$234$136$10
41 years$993$617$370$216$123$8
42 years$959$588$347$199$112$7
43 years$926$560$326$184$101$6
44 years$895$534$306$170$92$5
45 years$865$509$287$157$84$4
46 years$837$486$270$145$76$3
47 years$809$464$253$134$69$3
48 years$784$443$238$124$63$2
49 years$759$423$224$114$57$2
50 years$735$404$210$106$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $753,000, adding $5,886 every year, while hoping to spend $34,564 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: 47/24/29 Blend
53$753,000$753,000$753,000$753,000
54$835,877$795,968$784,297$867,971
55$884,361$798,195$773,795$893,470
56$936,632$799,372$761,783$917,320
57$993,039$799,412$748,173$942,550
58$1,053,967$798,222$732,875$969,308
59$1,119,839$795,702$715,794$997,759
60$1,191,117$791,746$696,828$1,028,088
61$1,268,314$786,244$675,874$1,060,500
62$1,351,989$779,078$652,824$1,095,223
63$1,442,760$770,121$627,561$1,132,510
64$1,541,305$759,240$599,968$1,172,644
65$1,648,370$746,294$569,918$1,215,938
66$1,764,776$731,135$537,283$1,262,741
67$1,891,426$713,603$501,925$1,313,440
68$2,029,313$693,532$463,701$1,368,465
69$2,179,532$670,743$422,464$1,428,292
70$2,343,284$645,050$378,056$1,493,452
71$2,521,894$616,253$330,316$1,564,531
72$2,716,820$584,142$279,075$1,642,181
73$2,929,666$548,494$224,153$1,727,124
74$3,162,197$509,076$165,368$1,820,159
75$3,416,358$465,638$102,525$1,922,173
76$3,694,290$417,917$35,423$2,034,149
77$3,998,349$365,637$0$2,157,174
78$4,331,130$308,502$0$2,303,650
79$4,695,490$246,204$0$2,476,138
80$5,094,577$178,414$0$2,665,213
81$5,531,855$104,788$0$2,872,581
82$6,011,141$24,959$0$3,100,127
83$6,536,637$0$0$3,349,930
84$7,112,974$0$0$3,640,515
85$7,745,249$0$0$3,966,623
86$8,439,080$0$0$4,324,570
87$9,200,651$0$0$4,717,557
88$10,036,777$0$0$5,149,114
89$10,954,964$0$0$5,623,126
90$11,963,480$0$0$6,143,874
91$13,071,436$0$0$6,716,075
92$14,288,865$0$0$7,344,925
93$15,626,822$0$0$8,036,147
94$17,097,487$0$0$8,796,048
95$18,714,276$0$0$9,631,576
96$20,491,972$0$0$10,550,385
97$22,446,862$0$0$11,560,909
98$24,596,889$0$0$12,672,440
99$26,961,822$0$0$13,895,214
100$29,563,445$0$0$15,240,513