Can I retire at age 54 with 754,000?

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 $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%15%
1 years$62,265$61,710$61,169$60,641$60,125$58,887
2 years$30,824$30,250$29,694$29,154$28,631$27,389
3 years$20,345$19,769$19,214$18,679$18,165$16,958
4 years$15,107$14,532$13,983$13,457$12,955$11,793
5 years$11,965$11,393$10,851$10,337$9,848$8,734
6 years$9,871$9,304$8,769$8,266$7,793$6,727
7 years$8,375$7,813$7,287$6,796$6,338$5,321
8 years$7,254$6,697$6,180$5,701$5,258$4,290
9 years$6,383$5,831$5,323$4,856$4,428$3,508
10 years$5,686$5,140$4,641$4,186$3,773$2,900
11 years$5,117$4,576$4,086$3,643$3,245$2,418
12 years$4,642$4,107$3,626$3,195$2,812$2,030
13 years$4,241$3,711$3,240$2,821$2,452$1,714
14 years$3,898$3,374$2,911$2,504$2,149$1,454
15 years$3,600$3,082$2,628$2,233$1,892$1,238
16 years$3,341$2,828$2,383$2,000$1,672$1,057
17 years$3,111$2,604$2,168$1,797$1,483$905
18 years$2,908$2,406$1,979$1,619$1,319$777
19 years$2,726$2,230$1,812$1,463$1,175$668
20 years$2,563$2,072$1,663$1,325$1,050$575
21 years$2,415$1,930$1,530$1,203$939$496
22 years$2,281$1,802$1,410$1,093$842$428
23 years$2,159$1,685$1,302$996$756$370
24 years$2,047$1,579$1,204$908$679$320
25 years$1,944$1,482$1,115$829$611$277
26 years$1,849$1,393$1,034$758$551$240
27 years$1,762$1,311$960$694$496$208
28 years$1,681$1,235$893$636$448$180
29 years$1,605$1,165$831$583$405$156
30 years$1,535$1,100$774$535$366$135
31 years$1,469$1,040$721$492$330$118
32 years$1,408$984$673$452$299$102
33 years$1,350$932$628$415$271$89
34 years$1,296$883$587$382$245$77
35 years$1,245$838$549$352$222$67
36 years$1,198$795$514$324$201$58
37 years$1,152$755$481$299$182$50
38 years$1,110$718$450$275$165$44
39 years$1,069$683$422$254$150$38
40 years$1,031$649$395$234$136$33
41 years$994$618$371$216$123$29
42 years$960$589$348$199$112$25
43 years$927$561$326$184$101$22
44 years$896$535$306$170$92$19
45 years$866$510$288$157$84$16
46 years$838$486$270$145$76$14
47 years$811$464$254$134$69$12
48 years$785$443$238$124$63$11
49 years$760$423$224$114$57$9
50 years$736$404$211$106$52$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $754,000, adding $4,653 every year, while hoping to spend $40,655 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: 45/43/12 Blend
53$754,000$754,000$754,000$754,000
54$835,708$795,746$784,059$870,263
55$877,693$791,480$767,068$890,464
56$922,599$785,644$748,146$907,850
57$970,679$778,116$727,184$925,797
58$1,022,214$768,769$704,070$944,373
59$1,077,510$757,469$678,686$963,656
60$1,136,903$744,072$650,910$983,731
61$1,200,764$728,428$620,612$1,004,698
62$1,269,497$710,376$587,657$1,026,669
63$1,343,548$689,747$551,906$1,049,772
64$1,423,405$666,360$513,211$1,074,150
65$1,509,607$640,026$471,418$1,099,964
66$1,602,744$610,544$426,367$1,127,396
67$1,703,464$577,701$377,890$1,156,652
68$1,812,480$541,271$325,812$1,187,963
69$1,930,577$501,017$269,951$1,221,587
70$2,058,616$456,688$210,115$1,257,814
71$2,197,545$408,016$146,104$1,296,970
72$2,348,407$354,721$77,711$1,339,420
73$2,512,349$296,507$4,719$1,385,571
74$2,690,631$233,058$0$1,435,879
75$2,884,642$164,045$0$1,500,224
76$3,095,909$89,116$0$1,571,059
77$3,326,111$7,902$0$1,648,444
78$3,577,097$0$0$1,733,121
79$3,850,904$0$0$1,863,761
80$4,149,771$0$0$2,010,524
81$4,476,163$0$0$2,170,890
82$4,832,796$0$0$2,346,206
83$5,222,658$0$0$2,537,951
84$5,649,038$0$0$2,747,756
85$6,115,559$0$0$2,977,416
86$6,626,210$0$0$3,228,906
87$7,185,385$0$0$3,504,404
88$7,797,919$0$0$3,806,307
89$8,469,139$0$0$4,137,254
90$9,204,913$0$0$4,500,152
91$10,011,702$0$0$4,898,205
92$10,896,621$0$0$5,334,938
93$11,867,509$0$0$5,814,238
94$12,933,000$0$0$6,340,383
95$14,102,604$0$0$6,918,087
96$15,386,797$0$0$7,552,543
97$16,797,117$0$0$8,249,471
98$18,346,277$0$0$9,015,173
99$20,048,281$0$0$9,856,590
100$21,918,556$0$0$10,781,371