Can I retire at age 54 with 754,000?

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 $754,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$62,265$61,710$61,169$60,641$60,125$59,522
2 years$30,824$30,250$29,694$29,154$28,631$28,023
3 years$20,345$19,769$19,214$18,679$18,165$17,572
4 years$15,107$14,532$13,983$13,457$12,955$12,381
5 years$11,965$11,393$10,851$10,337$9,848$9,295
6 years$9,871$9,304$8,769$8,266$7,793$7,261
7 years$8,375$7,813$7,287$6,796$6,338$5,827
8 years$7,254$6,697$6,180$5,701$5,258$4,769
9 years$6,383$5,831$5,323$4,856$4,428$3,961
10 years$5,686$5,140$4,641$4,186$3,773$3,327
11 years$5,117$4,576$4,086$3,643$3,245$2,820
12 years$4,642$4,107$3,626$3,195$2,812$2,407
13 years$4,241$3,711$3,240$2,821$2,452$2,067
14 years$3,898$3,374$2,911$2,504$2,149$1,784
15 years$3,600$3,082$2,628$2,233$1,892$1,546
16 years$3,341$2,828$2,383$2,000$1,672$1,344
17 years$3,111$2,604$2,168$1,797$1,483$1,172
18 years$2,908$2,406$1,979$1,619$1,319$1,025
19 years$2,726$2,230$1,812$1,463$1,175$898
20 years$2,563$2,072$1,663$1,325$1,050$789
21 years$2,415$1,930$1,530$1,203$939$693
22 years$2,281$1,802$1,410$1,093$842$611
23 years$2,159$1,685$1,302$996$756$538
24 years$2,047$1,579$1,204$908$679$475
25 years$1,944$1,482$1,115$829$611$420
26 years$1,849$1,393$1,034$758$551$371
27 years$1,762$1,311$960$694$496$328
28 years$1,681$1,235$893$636$448$291
29 years$1,605$1,165$831$583$405$257
30 years$1,535$1,100$774$535$366$228
31 years$1,469$1,040$721$492$330$202
32 years$1,408$984$673$452$299$179
33 years$1,350$932$628$415$271$159
34 years$1,296$883$587$382$245$141
35 years$1,245$838$549$352$222$125
36 years$1,198$795$514$324$201$111
37 years$1,152$755$481$299$182$99
38 years$1,110$718$450$275$165$88
39 years$1,069$683$422$254$150$78
40 years$1,031$649$395$234$136$69
41 years$994$618$371$216$123$62
42 years$960$589$348$199$112$55
43 years$927$561$326$184$101$49
44 years$896$535$306$170$92$43
45 years$866$510$288$157$84$39
46 years$838$486$270$145$76$34
47 years$811$464$254$134$69$30
48 years$785$443$238$124$63$27
49 years$760$423$224$114$57$24
50 years$736$404$211$106$52$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $754,000, adding $6,986 every year, while hoping to spend $34,094 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: 29/45/26 Blend
53$754,000$754,000$754,000$754,000
54$838,114$798,152$786,465$855,508
55$887,326$800,986$776,536$872,529
56$940,415$802,816$765,131$887,363
57$997,740$803,556$752,166$902,620
58$1,059,696$803,118$737,551$918,359
59$1,126,718$801,404$721,192$934,649
60$1,199,283$798,312$702,991$951,567
61$1,277,915$793,734$682,846$969,202
62$1,363,191$787,556$660,650$987,657
63$1,455,745$779,655$636,291$1,007,046
64$1,556,276$769,902$609,651$1,027,500
65$1,665,550$758,161$580,608$1,049,166
66$1,784,411$744,286$549,034$1,072,212
67$1,913,789$728,125$514,795$1,096,827
68$2,054,706$709,513$477,751$1,123,221
69$2,208,287$688,280$437,756$1,151,635
70$2,375,768$664,242$394,657$1,182,337
71$2,558,513$637,206$348,295$1,215,629
72$2,758,022$606,969$298,503$1,251,848
73$2,975,944$573,315$245,106$1,291,373
74$3,214,097$536,014$187,924$1,334,630
75$3,474,482$494,826$126,767$1,382,091
76$3,759,301$449,495$61,436$1,434,288
77$4,070,981$399,750$0$1,491,813
78$4,412,190$345,308$0$1,557,625
79$4,785,872$285,866$0$1,648,500
80$5,195,263$221,106$0$1,748,262
81$5,643,931$150,691$0$1,857,892
82$6,135,804$74,267$0$1,978,475
83$6,675,208$0$0$2,111,218
84$7,266,908$0$0$2,261,685
85$7,916,153$0$0$2,467,259
86$8,628,723$0$0$2,693,011
87$9,410,987$0$0$2,940,973
88$10,269,959$0$0$3,213,386
89$11,213,366$0$0$3,512,716
90$12,249,721$0$0$3,841,683
91$13,388,400$0$0$4,203,280
92$14,639,735$0$0$4,600,807
93$16,015,106$0$0$5,037,898
94$17,527,052$0$0$5,518,559
95$19,189,385$0$0$6,047,202
96$21,017,326$0$0$6,628,687
97$23,027,642$0$0$7,268,371
98$25,238,806$0$0$7,972,154
99$27,671,173$0$0$8,746,539
100$30,347,168$0$0$9,598,691