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%16.9%
1 years$62,347$61,792$61,250$60,721$60,205$58,512
2 years$30,865$30,290$29,733$29,193$28,669$26,977
3 years$20,372$19,795$19,239$18,704$18,189$16,550
4 years$15,127$14,551$14,001$13,475$12,972$11,399
5 years$11,981$11,408$10,866$10,350$9,861$8,358
6 years$9,884$9,316$8,781$8,277$7,803$6,371
7 years$8,386$7,823$7,297$6,805$6,346$4,986
8 years$7,264$6,706$6,188$5,709$5,265$3,975
9 years$6,392$5,839$5,330$4,863$4,434$3,214
10 years$5,694$5,147$4,647$4,192$3,778$2,626
11 years$5,124$4,582$4,091$3,648$3,249$2,163
12 years$4,649$4,112$3,631$3,200$2,815$1,794
13 years$4,247$3,716$3,244$2,825$2,455$1,495
14 years$3,903$3,378$2,915$2,508$2,152$1,252
15 years$3,605$3,086$2,631$2,236$1,895$1,051
16 years$3,345$2,831$2,386$2,002$1,675$886
17 years$3,115$2,608$2,171$1,799$1,485$748
18 years$2,912$2,409$1,982$1,621$1,320$633
19 years$2,730$2,233$1,814$1,465$1,177$537
20 years$2,566$2,075$1,665$1,327$1,051$455
21 years$2,418$1,933$1,532$1,204$941$387
22 years$2,284$1,804$1,412$1,095$843$329
23 years$2,161$1,687$1,303$997$757$280
24 years$2,049$1,581$1,205$909$680$239
25 years$1,947$1,484$1,116$831$612$204
26 years$1,852$1,394$1,035$759$551$174
27 years$1,764$1,312$961$695$497$148
28 years$1,683$1,237$894$637$449$126
29 years$1,607$1,167$832$584$405$108
30 years$1,537$1,102$775$536$366$92
31 years$1,471$1,042$722$492$331$79
32 years$1,410$985$674$452$299$67
33 years$1,352$933$629$416$271$58
34 years$1,298$885$588$383$245$49
35 years$1,247$839$550$352$222$42
36 years$1,199$796$514$325$201$36
37 years$1,154$756$481$299$182$31
38 years$1,111$719$451$276$165$26
39 years$1,071$683$422$254$150$22
40 years$1,032$650$396$234$136$19
41 years$996$619$371$216$123$16
42 years$961$590$348$200$112$14
43 years$928$562$327$184$102$12
44 years$897$535$307$170$92$10
45 years$867$511$288$157$84$9
46 years$839$487$270$145$76$8
47 years$812$465$254$134$69$6
48 years$786$444$239$124$63$5
49 years$761$424$224$114$57$5
50 years$737$405$211$106$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $755,000, adding $2,393 every year, while hoping to spend $20,699 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: 55/19/26 Blend
53$755,000$755,000$755,000$755,000
54$834,478$794,463$782,761$874,275
55$897,572$811,369$786,960$918,828
56$966,407$828,408$790,606$964,977
57$1,041,547$845,567$793,658$1,014,812
58$1,123,614$862,829$796,074$1,068,698
59$1,213,290$880,175$797,811$1,127,031
60$1,311,328$897,586$798,819$1,190,251
61$1,418,555$915,040$799,052$1,258,842
62$1,535,884$932,513$798,457$1,333,340
63$1,664,319$949,981$796,979$1,414,333
64$1,804,965$967,415$794,564$1,502,470
65$1,959,040$984,787$791,150$1,598,468
66$2,127,884$1,002,064$786,676$1,703,116
67$2,312,975$1,019,211$781,076$1,817,284
68$2,515,938$1,036,193$774,282$1,941,934
69$2,738,566$1,052,968$766,222$2,078,123
70$2,982,830$1,069,494$756,821$2,227,019
71$3,250,905$1,085,725$746,001$2,389,908
72$3,545,184$1,101,613$733,678$2,568,211
73$3,868,304$1,117,103$719,768$2,763,490
74$4,223,170$1,132,140$704,179$2,977,472
75$4,612,981$1,146,663$686,817$3,212,059
76$5,041,264$1,160,608$667,584$3,469,348
77$5,511,900$1,173,905$646,375$3,751,651
78$6,029,169$1,186,481$623,084$4,061,517
79$6,597,784$1,198,258$597,597$4,401,758
80$7,222,937$1,209,152$569,795$4,775,472
81$7,910,349$1,219,073$539,556$5,186,076
82$8,666,323$1,227,927$506,750$5,637,337
83$9,497,804$1,235,611$471,242$6,133,406
84$10,412,443$1,242,019$432,892$6,678,863
85$11,418,670$1,247,035$391,551$7,278,755
86$12,525,772$1,250,538$347,066$7,938,645
87$13,743,985$1,252,399$299,277$8,664,668
88$15,084,584$1,252,479$248,015$9,463,585
89$16,559,994$1,250,632$193,106$10,342,851
90$18,183,903$1,246,703$134,365$11,310,683
91$19,971,398$1,240,528$71,603$12,376,140
92$21,939,098$1,231,932$4,619$13,549,208
93$24,105,318$1,220,729$0$14,840,893
94$26,490,238$1,206,722$0$16,281,880
95$29,116,095$1,189,703$0$17,869,567
96$32,007,390$1,169,453$0$19,617,478
97$35,191,123$1,145,735$0$21,541,930
98$38,697,045$1,118,303$0$23,660,906
99$42,557,938$1,086,895$0$25,994,221
100$46,809,927$1,051,232$0$28,563,715