Can I retire at age 54 with 755,000?

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 $755,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$62,347$61,792$61,250$60,721$60,205$59,551
2 years$30,865$30,290$29,733$29,193$28,669$28,011
3 years$20,372$19,795$19,239$18,704$18,189$17,547
4 years$15,127$14,551$14,001$13,475$12,972$12,351
5 years$11,981$11,408$10,866$10,350$9,861$9,263
6 years$9,884$9,316$8,781$8,277$7,803$7,228
7 years$8,386$7,823$7,297$6,805$6,346$5,795
8 years$7,264$6,706$6,188$5,709$5,265$4,737
9 years$6,392$5,839$5,330$4,863$4,434$3,929
10 years$5,694$5,147$4,647$4,192$3,778$3,296
11 years$5,124$4,582$4,091$3,648$3,249$2,790
12 years$4,649$4,112$3,631$3,200$2,815$2,379
13 years$4,247$3,716$3,244$2,825$2,455$2,040
14 years$3,903$3,378$2,915$2,508$2,152$1,759
15 years$3,605$3,086$2,631$2,236$1,895$1,522
16 years$3,345$2,831$2,386$2,002$1,675$1,322
17 years$3,115$2,608$2,171$1,799$1,485$1,151
18 years$2,912$2,409$1,982$1,621$1,320$1,005
19 years$2,730$2,233$1,814$1,465$1,177$879
20 years$2,566$2,075$1,665$1,327$1,051$771
21 years$2,418$1,933$1,532$1,204$941$677
22 years$2,284$1,804$1,412$1,095$843$595
23 years$2,161$1,687$1,303$997$757$524
24 years$2,049$1,581$1,205$909$680$462
25 years$1,947$1,484$1,116$831$612$407
26 years$1,852$1,394$1,035$759$551$359
27 years$1,764$1,312$961$695$497$317
28 years$1,683$1,237$894$637$449$281
29 years$1,607$1,167$832$584$405$248
30 years$1,537$1,102$775$536$366$220
31 years$1,471$1,042$722$492$331$194
32 years$1,410$985$674$452$299$172
33 years$1,352$933$629$416$271$152
34 years$1,298$885$588$383$245$135
35 years$1,247$839$550$352$222$120
36 years$1,199$796$514$325$201$106
37 years$1,154$756$481$299$182$94
38 years$1,111$719$451$276$165$83
39 years$1,071$683$422$254$150$74
40 years$1,032$650$396$234$136$66
41 years$996$619$371$216$123$58
42 years$961$590$348$200$112$52
43 years$928$562$327$184$102$46
44 years$897$535$307$170$92$41
45 years$867$511$288$157$84$36
46 years$839$487$270$145$76$32
47 years$812$465$254$134$69$28
48 years$786$444$239$124$63$25
49 years$761$424$224$114$57$22
50 years$737$405$211$106$52$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $755,000, adding $2,239 every year, while hoping to spend $52,743 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: 32/40/28 Blend
53$755,000$755,000$755,000$755,000
54$834,320$794,305$782,602$853,832
55$863,302$777,107$752,701$851,784
56$893,473$757,300$720,031$844,767
57$924,898$734,698$684,442$836,179
58$957,647$709,108$645,781$825,918
59$991,797$680,324$603,885$813,878
60$1,027,429$648,129$558,583$799,948
61$1,064,631$612,291$509,700$784,011
62$1,103,499$572,569$457,050$765,945
63$1,144,134$528,703$400,440$745,623
64$1,186,649$480,423$339,668$722,910
65$1,231,164$427,440$274,523$697,669
66$1,277,808$369,451$204,786$669,753
67$1,326,724$306,133$130,226$639,011
68$1,378,065$237,148$50,603$605,287
69$1,431,997$162,138$0$568,415
70$1,488,701$80,723$0$538,494
71$1,548,374$0$0$521,879
72$1,611,230$0$0$506,634
73$1,677,502$0$0$528,066
74$1,747,445$0$0$550,731
75$1,821,335$0$0$574,724
76$1,899,476$0$0$600,152
77$1,982,196$0$0$627,127
78$2,069,856$0$0$655,776
79$2,162,850$0$0$686,234
80$2,261,608$0$0$718,651
81$2,366,602$0$0$753,191
82$2,478,345$0$0$790,033
83$2,597,402$0$0$829,374
84$2,724,391$0$0$871,428
85$2,859,987$0$0$916,432
86$3,004,931$0$0$964,643
87$3,160,037$0$0$1,016,347
88$3,326,194$0$0$1,071,853
89$3,504,380$0$0$1,131,504
90$3,695,667$0$0$1,195,675
91$3,901,230$0$0$1,264,776
92$4,122,363$0$0$1,339,261
93$4,360,482$0$0$1,419,627
94$4,617,145$0$0$1,506,418
95$4,894,062$0$0$1,600,234
96$5,193,113$0$0$1,701,734
97$5,516,362$0$0$1,811,644
98$5,866,080$0$0$1,930,758
99$6,244,761$0$0$2,059,954
100$6,655,148$0$0$2,200,193