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%
1 years$62,182$61,628$61,088$60,560$60,045$57,869
2 years$30,783$30,210$29,654$29,116$28,593$26,424
3 years$20,318$19,742$19,188$18,655$18,141$16,047
4 years$15,087$14,513$13,964$13,440$12,938$10,937
5 years$11,949$11,378$10,837$10,323$9,835$7,931
6 years$9,857$9,291$8,758$8,255$7,782$5,976
7 years$8,364$7,803$7,278$6,787$6,329$4,621
8 years$7,245$6,688$6,172$5,694$5,251$3,639
9 years$6,375$5,823$5,316$4,850$4,422$2,905
10 years$5,679$5,133$4,635$4,180$3,768$2,342
11 years$5,110$4,570$4,080$3,638$3,240$1,903
12 years$4,636$4,101$3,621$3,191$2,808$1,556
13 years$4,236$3,707$3,235$2,817$2,449$1,279
14 years$3,893$3,369$2,907$2,501$2,146$1,055
15 years$3,596$3,078$2,624$2,230$1,890$873
16 years$3,336$2,824$2,379$1,997$1,670$725
17 years$3,107$2,601$2,165$1,794$1,481$603
18 years$2,904$2,403$1,977$1,617$1,317$502
19 years$2,722$2,227$1,809$1,461$1,174$419
20 years$2,559$2,070$1,661$1,323$1,048$350
21 years$2,412$1,928$1,527$1,201$938$292
22 years$2,278$1,799$1,408$1,092$841$245
23 years$2,156$1,683$1,300$995$755$205
24 years$2,044$1,577$1,202$907$678$172
25 years$1,941$1,480$1,113$828$611$144
26 years$1,847$1,391$1,033$757$550$121
27 years$1,759$1,309$959$693$496$101
28 years$1,678$1,233$891$635$447$85
29 years$1,603$1,164$830$583$404$71
30 years$1,533$1,099$773$535$365$60
31 years$1,467$1,039$720$491$330$50
32 years$1,406$983$672$451$299$42
33 years$1,349$931$628$415$270$35
34 years$1,295$882$586$382$245$30
35 years$1,244$837$548$351$222$25
36 years$1,196$794$513$324$201$21
37 years$1,151$754$480$298$182$18
38 years$1,108$717$449$275$165$15
39 years$1,068$682$421$253$150$12
40 years$1,029$649$395$234$136$10
41 years$993$617$370$216$123$9
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$4
47 years$809$464$253$134$69$3
48 years$784$443$238$124$63$3
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 $3,872 every year, while hoping to spend $56,482 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: 45/35/20 Blend
53$753,000$753,000$753,000$753,000
54$833,800$793,891$782,219$866,365
55$858,751$772,695$748,327$868,421
56$884,354$748,568$711,407$864,760
57$910,616$721,306$671,297$859,619
58$937,543$690,693$627,829$852,888
59$965,138$656,503$580,827$844,450
60$993,406$618,495$530,108$834,178
61$1,022,345$576,414$475,479$821,942
62$1,051,957$529,990$416,740$807,600
63$1,082,237$478,940$353,681$791,002
64$1,113,179$422,962$286,083$771,991
65$1,144,775$361,739$213,719$750,398
66$1,177,012$294,934$136,348$726,044
67$1,209,874$222,193$53,724$698,741
68$1,243,342$143,142$0$668,287
69$1,277,391$57,383$0$641,821
70$1,311,991$0$0$624,477
71$1,347,105$0$0$618,270
72$1,382,691$0$0$634,350
73$1,418,700$0$0$650,590
74$1,455,074$0$0$666,960
75$1,491,745$0$0$683,425
76$1,528,637$0$0$699,945
77$1,565,661$0$0$716,475
78$1,602,715$0$0$732,963
79$1,639,687$0$0$749,349
80$1,676,444$0$0$765,568
81$1,712,840$0$0$781,545
82$1,748,709$0$0$797,195
83$1,783,863$0$0$812,423
84$1,818,091$0$0$827,123
85$1,851,157$0$0$841,175
86$1,882,796$0$0$854,445
87$1,912,711$0$0$866,784
88$1,940,570$0$0$878,024
89$1,966,003$0$0$887,981
90$1,988,596$0$0$896,446
91$2,007,889$0$0$903,187
92$2,023,368$0$0$907,949
93$2,034,461$0$0$910,444
94$2,040,535$0$0$910,355
95$2,040,883$0$0$907,329
96$2,034,721$0$0$900,973
97$2,021,179$0$0$890,855
98$1,999,292$0$0$876,490
99$1,967,988$0$0$857,345
100$1,926,082$0$0$832,829