Can I retire at age 54 with 756,000?

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 $756,000?

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$62,430$61,874$61,331$60,802$60,285$60,005
2 years$30,906$30,330$29,772$29,232$28,707$28,425
3 years$20,399$19,821$19,265$18,729$18,213$17,937
4 years$15,147$14,571$14,020$13,493$12,990$12,722
5 years$11,996$11,424$10,880$10,364$9,874$9,616
6 years$9,897$9,328$8,793$8,288$7,813$7,564
7 years$8,398$7,834$7,307$6,814$6,354$6,115
8 years$7,274$6,715$6,197$5,716$5,272$5,041
9 years$6,400$5,847$5,337$4,869$4,439$4,219
10 years$5,701$5,154$4,653$4,197$3,783$3,571
11 years$5,130$4,588$4,096$3,653$3,253$3,051
12 years$4,655$4,118$3,636$3,204$2,819$2,626
13 years$4,253$3,721$3,248$2,829$2,458$2,274
14 years$3,908$3,383$2,918$2,511$2,155$1,979
15 years$3,610$3,090$2,635$2,239$1,897$1,730
16 years$3,349$2,835$2,389$2,005$1,677$1,518
17 years$3,120$2,611$2,174$1,802$1,487$1,336
18 years$2,916$2,413$1,984$1,624$1,322$1,179
19 years$2,733$2,236$1,817$1,467$1,178$1,043
20 years$2,569$2,078$1,667$1,329$1,053$924
21 years$2,421$1,935$1,534$1,206$942$820
22 years$2,287$1,807$1,413$1,096$844$729
23 years$2,164$1,690$1,305$998$758$649
24 years$2,052$1,583$1,207$911$681$579
25 years$1,949$1,486$1,118$832$613$517
26 years$1,854$1,396$1,037$760$552$461
27 years$1,766$1,314$963$696$498$412
28 years$1,685$1,238$895$638$449$369
29 years$1,609$1,168$833$585$406$330
30 years$1,539$1,103$776$537$366$296
31 years$1,473$1,043$723$493$331$265
32 years$1,412$987$675$453$300$238
33 years$1,354$935$630$417$271$213
34 years$1,300$886$589$383$246$191
35 years$1,249$840$550$353$222$172
36 years$1,201$797$515$325$202$154
37 years$1,155$757$482$299$183$138
38 years$1,113$720$451$276$166$124
39 years$1,072$684$423$254$150$112
40 years$1,034$651$396$235$136$100
41 years$997$620$372$217$124$90
42 years$962$590$349$200$112$81
43 years$930$562$327$184$102$73
44 years$898$536$307$170$92$66
45 years$868$511$288$157$84$59
46 years$840$488$271$145$76$53
47 years$813$465$254$134$69$48
48 years$787$444$239$124$63$43
49 years$762$424$225$115$57$39
50 years$738$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 $756,000, adding $6,370 every year, while hoping to spend $54,264 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: 37/33/30 Blend
53$756,000$756,000$756,000$756,000
54$839,683$799,615$787,897$863,042
55$867,594$781,059$756,555$862,395
56$896,533$759,776$722,344$856,336
57$926,548$735,574$685,111$848,772
58$957,690$708,251$644,696$839,605
59$990,012$677,593$600,932$828,729
60$1,023,572$643,374$553,642$816,037
61$1,058,432$605,354$502,644$801,413
62$1,094,656$563,281$447,747$784,738
63$1,132,316$516,886$388,751$765,886
64$1,171,486$465,887$325,448$744,725
65$1,212,247$409,985$257,620$721,117
66$1,254,686$348,864$185,040$694,918
67$1,298,895$282,190$107,470$665,976
68$1,344,975$209,610$24,663$634,134
69$1,393,033$130,752$0$599,227
70$1,443,186$45,222$0$581,475
71$1,495,558$0$0$570,055
72$1,550,286$0$0$574,179
73$1,607,513$0$0$595,688
74$1,667,400$0$0$618,224
75$1,730,117$0$0$641,854
76$1,795,849$0$0$666,653
77$1,864,797$0$0$692,700
78$1,937,180$0$0$720,082
79$2,013,235$0$0$748,894
80$2,093,218$0$0$779,239
81$2,177,411$0$0$811,229
82$2,266,118$0$0$844,986
83$2,359,672$0$0$880,643
84$2,458,433$0$0$918,345
85$2,562,798$0$0$958,251
86$2,673,197$0$0$1,000,534
87$2,790,100$0$0$1,045,383
88$2,914,020$0$0$1,093,004
89$3,045,518$0$0$1,143,624
90$3,185,210$0$0$1,197,490
91$3,333,764$0$0$1,254,872
92$3,491,917$0$0$1,316,067
93$3,660,472$0$0$1,381,400
94$3,840,309$0$0$1,451,227
95$4,032,393$0$0$1,525,937
96$4,237,782$0$0$1,605,958
97$4,457,634$0$0$1,691,759
98$4,693,220$0$0$1,783,854
99$4,945,935$0$0$1,882,809
100$5,217,308$0$0$1,989,242