Can I retire at age 54 with 757,000?

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 $757,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$62,512$61,956$61,412$60,882$60,364$58,246
2 years$30,947$30,370$29,812$29,270$28,745$26,633
3 years$20,426$19,847$19,290$18,754$18,237$16,197
4 years$15,167$14,590$14,038$13,511$13,007$11,056
5 years$12,012$11,439$10,894$10,378$9,888$8,030
6 years$9,910$9,341$8,804$8,299$7,824$6,061
7 years$8,409$7,844$7,316$6,823$6,363$4,695
8 years$7,283$6,724$6,205$5,724$5,278$3,703
9 years$6,408$5,854$5,344$4,875$4,445$2,961
10 years$5,709$5,160$4,659$4,203$3,788$2,392
11 years$5,137$4,594$4,102$3,658$3,257$1,948
12 years$4,661$4,123$3,640$3,208$2,823$1,596
13 years$4,258$3,726$3,252$2,832$2,462$1,314
14 years$3,913$3,387$2,922$2,514$2,158$1,087
15 years$3,615$3,094$2,638$2,242$1,900$901
16 years$3,354$2,839$2,392$2,008$1,679$750
17 years$3,124$2,614$2,177$1,804$1,489$625
18 years$2,919$2,416$1,987$1,626$1,324$522
19 years$2,737$2,239$1,819$1,469$1,180$436
20 years$2,573$2,081$1,669$1,330$1,054$365
21 years$2,425$1,938$1,536$1,207$943$306
22 years$2,290$1,809$1,415$1,098$845$257
23 years$2,167$1,692$1,307$1,000$759$215
24 years$2,055$1,585$1,209$912$682$181
25 years$1,952$1,488$1,119$833$614$152
26 years$1,857$1,398$1,038$761$553$128
27 years$1,769$1,316$964$697$498$107
28 years$1,687$1,240$896$639$450$90
29 years$1,611$1,170$834$586$406$76
30 years$1,541$1,105$777$537$367$64
31 years$1,475$1,044$724$494$332$54
32 years$1,413$988$676$454$300$45
33 years$1,356$936$631$417$272$38
34 years$1,301$887$589$384$246$32
35 years$1,250$841$551$353$223$27
36 years$1,202$798$516$325$202$23
37 years$1,157$758$483$300$183$19
38 years$1,114$721$452$276$166$16
39 years$1,073$685$423$255$150$14
40 years$1,035$652$397$235$136$11
41 years$998$621$372$217$124$10
42 years$964$591$349$200$112$8
43 years$931$563$328$185$102$7
44 years$899$537$307$171$92$6
45 years$870$512$289$158$84$5
46 years$841$488$271$146$76$4
47 years$814$466$255$134$69$3
48 years$788$445$239$124$63$3
49 years$763$425$225$115$57$2
50 years$739$406$212$106$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $757,000, adding $4,283 every year, while hoping to spend $33,406 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: 67/10/23 Blend
53$757,000$757,000$757,000$757,000
54$838,632$798,511$786,777$889,623
55$888,629$802,094$777,591$927,964
56$942,605$804,733$766,977$965,662
57$1,000,933$806,347$754,852$1,006,108
58$1,064,019$806,849$741,130$1,049,574
59$1,132,310$806,146$725,720$1,096,359
60$1,206,300$804,141$708,525$1,146,794
61$1,286,529$800,731$689,448$1,201,243
62$1,373,593$795,805$668,382$1,260,111
63$1,468,147$789,246$645,220$1,323,843
64$1,570,910$780,931$619,847$1,392,930
65$1,682,675$770,729$592,144$1,467,914
66$1,804,313$758,500$561,986$1,549,397
67$1,936,783$744,097$529,243$1,638,038
68$2,081,141$727,364$493,779$1,734,570
69$2,238,548$708,135$455,451$1,839,797
70$2,410,282$686,235$414,110$1,954,611
71$2,597,749$661,480$369,602$2,079,993
72$2,802,500$633,673$321,764$2,217,029
73$3,026,238$602,606$270,426$2,366,916
74$3,270,841$568,060$215,412$2,530,973
75$3,538,375$529,803$156,536$2,710,659
76$3,831,115$487,590$93,607$2,907,583
77$4,151,568$441,161$26,421$3,123,519
78$4,502,492$390,241$0$3,360,426
79$4,886,925$334,542$0$3,631,576
80$5,308,213$273,756$0$3,935,885
81$5,770,042$207,561$0$4,269,546
82$6,276,469$135,615$0$4,635,522
83$6,831,965$57,557$0$5,037,073
84$7,441,454$0$0$5,477,795
85$8,110,359$0$0$5,964,620
86$8,844,652$0$0$6,506,036
87$9,650,916$0$0$7,100,566
88$10,536,397$0$0$7,753,562
89$11,509,083$0$0$8,470,920
90$12,577,768$0$0$9,259,132
91$13,752,144$0$0$10,125,353
92$15,042,886$0$0$11,077,465
93$16,461,758$0$0$12,124,152
94$18,021,716$0$0$13,274,979
95$19,737,036$0$0$14,540,487
96$21,623,448$0$0$15,932,287
97$23,698,281$0$0$17,463,175
98$25,980,628$0$0$19,147,245
99$28,491,526$0$0$21,000,030
100$31,254,153$0$0$23,038,641