Can I retire at age 54 with 755,000?

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 $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%12.1%
1 years$62,347$61,792$61,250$60,721$60,205$59,675
2 years$30,865$30,290$29,733$29,193$28,669$28,136
3 years$20,372$19,795$19,239$18,704$18,189$17,668
4 years$15,127$14,551$14,001$13,475$12,972$12,468
5 years$11,981$11,408$10,866$10,350$9,861$9,375
6 years$9,884$9,316$8,781$8,277$7,803$7,335
7 years$8,386$7,823$7,297$6,805$6,346$5,897
8 years$7,264$6,706$6,188$5,709$5,265$4,834
9 years$6,392$5,839$5,330$4,863$4,434$4,022
10 years$5,694$5,147$4,647$4,192$3,778$3,384
11 years$5,124$4,582$4,091$3,648$3,249$2,874
12 years$4,649$4,112$3,631$3,200$2,815$2,458
13 years$4,247$3,716$3,244$2,825$2,455$2,115
14 years$3,903$3,378$2,915$2,508$2,152$1,829
15 years$3,605$3,086$2,631$2,236$1,895$1,588
16 years$3,345$2,831$2,386$2,002$1,675$1,384
17 years$3,115$2,608$2,171$1,799$1,485$1,209
18 years$2,912$2,409$1,982$1,621$1,320$1,060
19 years$2,730$2,233$1,814$1,465$1,177$930
20 years$2,566$2,075$1,665$1,327$1,051$819
21 years$2,418$1,933$1,532$1,204$941$721
22 years$2,284$1,804$1,412$1,095$843$637
23 years$2,161$1,687$1,303$997$757$563
24 years$2,049$1,581$1,205$909$680$498
25 years$1,947$1,484$1,116$831$612$441
26 years$1,852$1,394$1,035$759$551$391
27 years$1,764$1,312$961$695$497$346
28 years$1,683$1,237$894$637$449$307
29 years$1,607$1,167$832$584$405$273
30 years$1,537$1,102$775$536$366$243
31 years$1,471$1,042$722$492$331$216
32 years$1,410$985$674$452$299$192
33 years$1,352$933$629$416$271$171
34 years$1,298$885$588$383$245$152
35 years$1,247$839$550$352$222$135
36 years$1,199$796$514$325$201$120
37 years$1,154$756$481$299$182$107
38 years$1,111$719$451$276$165$95
39 years$1,071$683$422$254$150$85
40 years$1,032$650$396$234$136$76
41 years$996$619$371$216$123$67
42 years$961$590$348$200$112$60
43 years$928$562$327$184$102$54
44 years$897$535$307$170$92$48
45 years$867$511$288$157$84$43
46 years$839$487$270$145$76$38
47 years$812$465$254$134$69$34
48 years$786$444$239$124$63$30
49 years$761$424$224$114$57$27
50 years$737$405$211$106$52$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $755,000, adding $6,531 every year, while hoping to spend $31,979 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: 63/31/6 Blend
53$755,000$755,000$755,000$755,000
54$838,747$798,732$787,029$890,303
55$890,273$803,844$779,369$930,584
56$945,984$808,135$770,381$970,187
57$1,006,272$811,531$759,986$1,012,592
58$1,071,568$813,953$748,102$1,058,068
59$1,142,349$815,317$734,644$1,106,913
60$1,219,136$815,535$719,522$1,159,455
61$1,302,503$814,512$702,642$1,216,056
62$1,393,083$812,147$683,905$1,277,117
63$1,491,570$808,336$663,208$1,343,078
64$1,598,730$802,963$640,445$1,414,428
65$1,715,403$795,911$615,502$1,491,704
66$1,842,514$787,051$588,263$1,575,502
67$1,981,084$776,250$558,603$1,666,477
68$2,132,233$763,365$526,394$1,765,352
69$2,297,195$748,244$491,503$1,872,929
70$2,477,329$730,727$453,788$1,990,088
71$2,674,129$710,646$413,102$2,117,805
72$2,889,243$687,820$369,294$2,257,154
73$3,124,482$662,060$322,202$2,409,322
74$3,381,843$633,164$271,659$2,575,619
75$3,663,522$600,921$217,491$2,757,491
76$3,971,940$565,105$159,516$2,956,533
77$4,309,761$525,477$97,542$3,174,507
78$4,679,918$481,788$31,372$3,413,355
79$5,085,645$433,771$0$3,675,221
80$5,530,500$381,144$0$3,964,986
81$6,018,402$323,612$0$4,285,053
82$6,553,670$260,860$0$4,636,309
83$7,141,059$192,556$0$5,021,946
84$7,785,808$118,352$0$5,445,489
85$8,493,686$37,878$0$5,910,822
86$9,271,050$0$0$6,422,232
87$10,124,902$0$0$7,001,249
88$11,062,956$0$0$7,651,618
89$12,093,708$0$0$8,366,317
90$13,226,521$0$0$9,151,842
91$14,471,707$0$0$10,015,355
92$15,840,628$0$0$10,964,742
93$17,345,803$0$0$12,008,692
94$19,001,023$0$0$13,156,780
95$20,821,483$0$0$14,419,554
96$22,823,923$0$0$15,808,635
97$25,026,790$0$0$17,336,829
98$27,450,407$0$0$19,018,244
99$30,117,165$0$0$20,868,424
100$33,051,738$0$0$22,904,497