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%11.1%
1 years$62,347$61,792$61,250$60,721$60,205$59,926
2 years$30,865$30,290$29,733$29,193$28,669$28,387
3 years$20,372$19,795$19,239$18,704$18,189$17,913
4 years$15,127$14,551$14,001$13,475$12,972$12,705
5 years$11,981$11,408$10,866$10,350$9,861$9,603
6 years$9,884$9,316$8,781$8,277$7,803$7,554
7 years$8,386$7,823$7,297$6,805$6,346$6,107
8 years$7,264$6,706$6,188$5,709$5,265$5,035
9 years$6,392$5,839$5,330$4,863$4,434$4,213
10 years$5,694$5,147$4,647$4,192$3,778$3,566
11 years$5,124$4,582$4,091$3,648$3,249$3,047
12 years$4,649$4,112$3,631$3,200$2,815$2,622
13 years$4,247$3,716$3,244$2,825$2,455$2,271
14 years$3,903$3,378$2,915$2,508$2,152$1,977
15 years$3,605$3,086$2,631$2,236$1,895$1,728
16 years$3,345$2,831$2,386$2,002$1,675$1,516
17 years$3,115$2,608$2,171$1,799$1,485$1,334
18 years$2,912$2,409$1,982$1,621$1,320$1,177
19 years$2,730$2,233$1,814$1,465$1,177$1,041
20 years$2,566$2,075$1,665$1,327$1,051$923
21 years$2,418$1,933$1,532$1,204$941$819
22 years$2,284$1,804$1,412$1,095$843$728
23 years$2,161$1,687$1,303$997$757$649
24 years$2,049$1,581$1,205$909$680$578
25 years$1,947$1,484$1,116$831$612$516
26 years$1,852$1,394$1,035$759$551$461
27 years$1,764$1,312$961$695$497$412
28 years$1,683$1,237$894$637$449$368
29 years$1,607$1,167$832$584$405$330
30 years$1,537$1,102$775$536$366$295
31 years$1,471$1,042$722$492$331$265
32 years$1,410$985$674$452$299$237
33 years$1,352$933$629$416$271$213
34 years$1,298$885$588$383$245$191
35 years$1,247$839$550$352$222$171
36 years$1,199$796$514$325$201$154
37 years$1,154$756$481$299$182$138
38 years$1,111$719$451$276$165$124
39 years$1,071$683$422$254$150$112
40 years$1,032$650$396$234$136$100
41 years$996$619$371$216$123$90
42 years$961$590$348$200$112$81
43 years$928$562$327$184$102$73
44 years$897$535$307$170$92$65
45 years$867$511$288$157$84$59
46 years$839$487$270$145$76$53
47 years$812$465$254$134$69$48
48 years$786$444$239$124$63$43
49 years$761$424$224$114$57$38
50 years$737$405$211$106$52$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $755,000, adding $5,798 every year, while hoping to spend $55,618 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: 71/22/7 Blend
53$755,000$755,000$755,000$755,000
54$837,991$797,976$786,273$896,189
55$864,289$777,899$753,436$915,330
56$891,405$754,975$717,635$928,825
57$919,364$729,005$678,712$942,056
58$948,192$699,779$636,501$954,983
59$977,914$667,075$590,831$967,562
60$1,008,558$630,658$541,520$979,747
61$1,040,151$590,280$488,381$991,489
62$1,072,720$545,678$431,216$1,002,736
63$1,106,296$496,575$369,820$1,013,430
64$1,140,908$442,676$303,979$1,023,514
65$1,176,586$383,672$233,467$1,032,921
66$1,213,360$319,236$158,051$1,041,585
67$1,251,264$249,019$77,487$1,049,434
68$1,290,330$172,658$0$1,056,389
69$1,330,591$89,765$0$1,063,003
70$1,372,080$0$0$1,074,771
71$1,414,834$0$0$1,085,846
72$1,458,886$0$0$1,119,647
73$1,504,273$0$0$1,154,472
74$1,551,033$0$0$1,190,348
75$1,599,201$0$0$1,227,305
76$1,648,816$0$0$1,265,371
77$1,699,917$0$0$1,304,575
78$1,752,542$0$0$1,344,948
79$1,806,731$0$0$1,386,518
80$1,862,523$0$0$1,429,318
81$1,919,958$0$0$1,473,375
82$1,979,077$0$0$1,518,722
83$2,039,919$0$0$1,565,389
84$2,102,525$0$0$1,613,407
85$2,166,934$0$0$1,662,805
86$2,233,187$0$0$1,713,614
87$2,301,322$0$0$1,765,863
88$2,371,377$0$0$1,819,582
89$2,443,391$0$0$1,874,799
90$2,517,400$0$0$1,931,540
91$2,593,438$0$0$1,989,833
92$2,671,539$0$0$2,049,702
93$2,751,733$0$0$2,111,170
94$2,834,050$0$0$2,174,258
95$2,918,515$0$0$2,238,986
96$3,005,150$0$0$2,305,369
97$3,093,974$0$0$2,373,420
98$3,185,000$0$0$2,443,148
99$3,278,237$0$0$2,514,560
100$3,373,688$0$0$2,587,655