Can I retire at age 54 with 753,000?

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 $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%14.4%
1 years$62,182$61,628$61,088$60,560$60,045$58,954
2 years$30,783$30,210$29,654$29,116$28,593$27,497
3 years$20,318$19,742$19,188$18,655$18,141$17,074
4 years$15,087$14,513$13,964$13,440$12,938$11,910
5 years$11,949$11,378$10,837$10,323$9,835$8,848
6 years$9,857$9,291$8,758$8,255$7,782$6,837
7 years$8,364$7,803$7,278$6,787$6,329$5,427
8 years$7,245$6,688$6,172$5,694$5,251$4,390
9 years$6,375$5,823$5,316$4,850$4,422$3,603
10 years$5,679$5,133$4,635$4,180$3,768$2,990
11 years$5,110$4,570$4,080$3,638$3,240$2,503
12 years$4,636$4,101$3,621$3,191$2,808$2,109
13 years$4,236$3,707$3,235$2,817$2,449$1,788
14 years$3,893$3,369$2,907$2,501$2,146$1,522
15 years$3,596$3,078$2,624$2,230$1,890$1,301
16 years$3,336$2,824$2,379$1,997$1,670$1,116
17 years$3,107$2,601$2,165$1,794$1,481$960
18 years$2,904$2,403$1,977$1,617$1,317$827
19 years$2,722$2,227$1,809$1,461$1,174$714
20 years$2,559$2,070$1,661$1,323$1,048$618
21 years$2,412$1,928$1,527$1,201$938$535
22 years$2,278$1,799$1,408$1,092$841$464
23 years$2,156$1,683$1,300$995$755$403
24 years$2,044$1,577$1,202$907$678$350
25 years$1,941$1,480$1,113$828$611$304
26 years$1,847$1,391$1,033$757$550$265
27 years$1,759$1,309$959$693$496$231
28 years$1,678$1,233$891$635$447$201
29 years$1,603$1,164$830$583$404$175
30 years$1,533$1,099$773$535$365$153
31 years$1,467$1,039$720$491$330$133
32 years$1,406$983$672$451$299$116
33 years$1,349$931$628$415$270$101
34 years$1,295$882$586$382$245$88
35 years$1,244$837$548$351$222$77
36 years$1,196$794$513$324$201$67
37 years$1,151$754$480$298$182$59
38 years$1,108$717$449$275$165$51
39 years$1,068$682$421$253$150$45
40 years$1,029$649$395$234$136$39
41 years$993$617$370$216$123$34
42 years$959$588$347$199$112$30
43 years$926$560$326$184$101$26
44 years$895$534$306$170$92$23
45 years$865$509$287$157$84$20
46 years$837$486$270$145$76$17
47 years$809$464$253$134$69$15
48 years$784$443$238$124$63$13
49 years$759$423$224$114$57$12
50 years$735$404$210$106$52$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $753,000, adding $6,039 every year, while hoping to spend $56,163 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: 72/17/11 Blend
53$753,000$753,000$753,000$753,000
54$836,035$796,126$784,455$893,965
55$861,554$775,379$750,977$912,346
56$887,793$751,734$714,495$924,962
57$914,767$724,988$674,850$937,253
58$942,489$694,928$631,874$949,174
59$970,974$661,330$585,392$960,676
60$1,000,232$623,955$535,222$971,704
61$1,030,277$582,550$481,173$982,202
62$1,061,119$536,849$423,046$992,109
63$1,092,769$486,569$360,633$1,001,360
64$1,125,234$431,414$293,717$1,009,882
65$1,158,522$371,068$222,071$1,017,600
66$1,192,639$305,197$145,458$1,024,432
67$1,227,588$233,452$63,631$1,030,292
68$1,263,371$155,460$0$1,035,084
69$1,299,987$70,829$0$1,041,488
70$1,337,431$0$0$1,054,766
71$1,375,698$0$0$1,071,259
72$1,414,776$0$0$1,101,627
73$1,454,650$0$0$1,132,606
74$1,495,303$0$0$1,164,182
75$1,536,709$0$0$1,196,334
76$1,578,838$0$0$1,229,038
77$1,621,653$0$0$1,262,264
78$1,665,112$0$0$1,295,977
79$1,709,162$0$0$1,330,134
80$1,753,743$0$0$1,364,688
81$1,798,784$0$0$1,399,581
82$1,844,203$0$0$1,434,748
83$1,889,906$0$0$1,470,112
84$1,935,785$0$0$1,505,588
85$1,981,717$0$0$1,541,076
86$2,027,561$0$0$1,576,464
87$2,073,157$0$0$1,611,626
88$2,118,327$0$0$1,646,416
89$2,162,865$0$0$1,680,672
90$2,206,543$0$0$1,714,212
91$2,249,103$0$0$1,746,829
92$2,290,255$0$0$1,778,293
93$2,329,674$0$0$1,808,345
94$2,366,997$0$0$1,836,695
95$2,401,817$0$0$1,863,020
96$2,433,681$0$0$1,886,958
97$2,462,082$0$0$1,908,105
98$2,486,455$0$0$1,926,013
99$2,506,170$0$0$1,940,181
100$2,520,529$0$0$1,950,052