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%13.6%
1 years$62,347$61,792$61,250$60,721$60,205$59,305
2 years$30,865$30,290$29,733$29,193$28,669$27,765
3 years$20,372$19,795$19,239$18,704$18,189$17,308
4 years$15,127$14,551$14,001$13,475$12,972$12,122
5 years$11,981$11,408$10,866$10,350$9,861$9,043
6 years$9,884$9,316$8,781$8,277$7,803$7,019
7 years$8,386$7,823$7,297$6,805$6,346$5,595
8 years$7,264$6,706$6,188$5,709$5,265$4,548
9 years$6,392$5,839$5,330$4,863$4,434$3,750
10 years$5,694$5,147$4,647$4,192$3,778$3,127
11 years$5,124$4,582$4,091$3,648$3,249$2,631
12 years$4,649$4,112$3,631$3,200$2,815$2,229
13 years$4,247$3,716$3,244$2,825$2,455$1,899
14 years$3,903$3,378$2,915$2,508$2,152$1,626
15 years$3,605$3,086$2,631$2,236$1,895$1,398
16 years$3,345$2,831$2,386$2,002$1,675$1,205
17 years$3,115$2,608$2,171$1,799$1,485$1,042
18 years$2,912$2,409$1,982$1,621$1,320$904
19 years$2,730$2,233$1,814$1,465$1,177$785
20 years$2,566$2,075$1,665$1,327$1,051$683
21 years$2,418$1,933$1,532$1,204$941$595
22 years$2,284$1,804$1,412$1,095$843$519
23 years$2,161$1,687$1,303$997$757$454
24 years$2,049$1,581$1,205$909$680$397
25 years$1,947$1,484$1,116$831$612$347
26 years$1,852$1,394$1,035$759$551$304
27 years$1,764$1,312$961$695$497$266
28 years$1,683$1,237$894$637$449$234
29 years$1,607$1,167$832$584$405$205
30 years$1,537$1,102$775$536$366$180
31 years$1,471$1,042$722$492$331$158
32 years$1,410$985$674$452$299$139
33 years$1,352$933$629$416$271$122
34 years$1,298$885$588$383$245$107
35 years$1,247$839$550$352$222$94
36 years$1,199$796$514$325$201$83
37 years$1,154$756$481$299$182$73
38 years$1,111$719$451$276$165$64
39 years$1,071$683$422$254$150$56
40 years$1,032$650$396$234$136$49
41 years$996$619$371$216$123$43
42 years$961$590$348$200$112$38
43 years$928$562$327$184$102$34
44 years$897$535$307$170$92$30
45 years$867$511$288$157$84$26
46 years$839$487$270$145$76$23
47 years$812$465$254$134$69$20
48 years$786$444$239$124$63$18
49 years$761$424$224$114$57$16
50 years$737$405$211$106$52$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $755,000, adding $4,449 every year, while hoping to spend $37,047 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: 73/17/10 Blend
53$755,000$755,000$755,000$755,000
54$836,599$796,584$784,882$895,788
55$882,515$796,199$771,757$935,090
56$931,872$794,553$756,952$973,080
57$984,982$791,546$740,370$1,013,665
58$1,042,189$787,071$721,911$1,057,094
59$1,103,869$781,013$701,471$1,103,637
60$1,170,434$773,253$678,940$1,153,595
61$1,242,338$763,663$654,205$1,207,298
62$1,320,082$752,108$627,146$1,265,110
63$1,404,212$738,443$597,638$1,327,436
64$1,495,332$722,517$565,549$1,394,720
65$1,594,106$704,170$530,744$1,467,451
66$1,701,261$683,231$493,081$1,546,172
67$1,817,599$659,519$452,408$1,631,480
68$1,944,002$632,843$408,572$1,724,034
69$2,081,440$603,002$361,410$1,824,562
70$2,230,980$569,783$310,750$1,933,867
71$2,393,797$532,958$256,416$2,052,834
72$2,571,180$492,290$198,223$2,182,441
73$2,764,554$447,525$135,976$2,323,767
74$2,975,481$398,397$69,474$2,478,003
75$3,205,685$344,623$0$2,646,461
76$3,457,061$285,905$0$2,830,751
77$3,731,695$221,929$0$3,040,234
78$4,031,886$152,361$0$3,269,277
79$4,360,162$76,851$0$3,519,853
80$4,719,309$0$0$3,794,135
81$5,112,393$0$0$4,095,452
82$5,542,790$0$0$4,441,145
83$6,014,219$0$0$4,819,830
84$6,530,774$0$0$5,234,800
85$7,096,967$0$0$5,689,682
86$7,717,762$0$0$6,188,472
87$8,398,631$0$0$6,735,569
88$9,145,600$0$0$7,335,820
89$9,965,303$0$0$7,994,563
90$10,865,052$0$0$8,717,678
91$11,852,899$0$0$9,511,643
92$12,937,715$0$0$10,383,592
93$14,129,269$0$0$11,341,385
94$15,438,328$0$0$12,393,681
95$16,876,748$0$0$13,550,019
96$18,457,595$0$0$14,820,907
97$20,195,259$0$0$16,217,923
98$22,105,597$0$0$17,753,820
99$24,206,078$0$0$19,442,652
100$26,515,948$0$0$21,299,899