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%11.4%
1 years$62,182$61,628$61,088$60,560$60,045$59,692
2 years$30,783$30,210$29,654$29,116$28,593$28,236
3 years$20,318$19,742$19,188$18,655$18,141$17,792
4 years$15,087$14,513$13,964$13,440$12,938$12,600
5 years$11,949$11,378$10,837$10,323$9,835$9,509
6 years$9,857$9,291$8,758$8,255$7,782$7,468
7 years$8,364$7,803$7,278$6,787$6,329$6,027
8 years$7,245$6,688$6,172$5,694$5,251$4,960
9 years$6,375$5,823$5,316$4,850$4,422$4,144
10 years$5,679$5,133$4,635$4,180$3,768$3,501
11 years$5,110$4,570$4,080$3,638$3,240$2,986
12 years$4,636$4,101$3,621$3,191$2,808$2,565
13 years$4,236$3,707$3,235$2,817$2,449$2,217
14 years$3,893$3,369$2,907$2,501$2,146$1,926
15 years$3,596$3,078$2,624$2,230$1,890$1,680
16 years$3,336$2,824$2,379$1,997$1,670$1,471
17 years$3,107$2,601$2,165$1,794$1,481$1,292
18 years$2,904$2,403$1,977$1,617$1,317$1,138
19 years$2,722$2,227$1,809$1,461$1,174$1,004
20 years$2,559$2,070$1,661$1,323$1,048$888
21 years$2,412$1,928$1,527$1,201$938$787
22 years$2,278$1,799$1,408$1,092$841$698
23 years$2,156$1,683$1,300$995$755$620
24 years$2,044$1,577$1,202$907$678$551
25 years$1,941$1,480$1,113$828$611$491
26 years$1,847$1,391$1,033$757$550$437
27 years$1,759$1,309$959$693$496$390
28 years$1,678$1,233$891$635$447$348
29 years$1,603$1,164$830$583$404$311
30 years$1,533$1,099$773$535$365$278
31 years$1,467$1,039$720$491$330$248
32 years$1,406$983$672$451$299$222
33 years$1,349$931$628$415$270$199
34 years$1,295$882$586$382$245$178
35 years$1,244$837$548$351$222$159
36 years$1,196$794$513$324$201$143
37 years$1,151$754$480$298$182$128
38 years$1,108$717$449$275$165$114
39 years$1,068$682$421$253$150$103
40 years$1,029$649$395$234$136$92
41 years$993$617$370$216$123$82
42 years$959$588$347$199$112$74
43 years$926$560$326$184$101$66
44 years$895$534$306$170$92$59
45 years$865$509$287$157$84$53
46 years$837$486$270$145$76$48
47 years$809$464$253$134$69$43
48 years$784$443$238$124$63$38
49 years$759$423$224$114$57$34
50 years$735$404$210$106$52$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $753,000, adding $6,893 every year, while hoping to spend $49,727 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: 78/5/17 Blend
53$753,000$753,000$753,000$753,000
54$836,916$797,007$785,336$898,539
55$869,372$783,151$758,735$926,300
56$903,473$766,950$729,577$949,785
57$939,332$748,236$697,723$974,181
58$977,076$726,831$663,029$999,561
59$1,016,840$702,548$625,343$1,026,006
60$1,058,773$675,189$584,507$1,053,607
61$1,103,038$644,543$540,358$1,082,461
62$1,149,810$610,388$492,722$1,112,680
63$1,199,282$572,488$441,420$1,144,384
64$1,251,664$530,596$386,263$1,177,709
65$1,307,186$484,447$327,055$1,212,804
66$1,366,099$433,764$263,591$1,249,834
67$1,428,676$378,254$195,656$1,288,981
68$1,495,219$317,606$123,028$1,330,449
69$1,566,054$251,492$45,473$1,374,461
70$1,641,541$179,565$0$1,421,265
71$1,722,075$101,460$0$1,477,902
72$1,808,085$16,790$0$1,547,151
73$1,900,045$0$0$1,621,141
74$1,998,472$0$0$1,704,412
75$2,103,934$0$0$1,794,641
76$2,217,055$0$0$1,891,440
77$2,338,517$0$0$1,995,395
78$2,469,071$0$0$2,107,150
79$2,609,540$0$0$2,227,414
80$2,760,828$0$0$2,356,963
81$2,923,929$0$0$2,496,650
82$3,099,934$0$0$2,647,412
83$3,290,040$0$0$2,810,279
84$3,495,566$0$0$2,986,383
85$3,717,958$0$0$3,176,968
86$3,958,809$0$0$3,383,400
87$4,219,867$0$0$3,607,183
88$4,503,057$0$0$3,849,970
89$4,810,495$0$0$4,113,580
90$5,144,507$0$0$4,400,011
91$5,507,653$0$0$4,711,464
92$5,902,751$0$0$5,050,359
93$6,332,897$0$0$5,419,359
94$6,801,503$0$0$5,821,393
95$7,312,320$0$0$6,259,686
96$7,869,478$0$0$6,737,787
97$8,477,522$0$0$7,259,603
98$9,141,455$0$0$7,829,432
99$9,866,785$0$0$8,452,008
100$10,659,574$0$0$9,132,543