Can I retire at age 54 with 757,000?

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 $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%13.5%
1 years$62,512$61,956$61,412$60,882$60,364$59,487
2 years$30,947$30,370$29,812$29,270$28,745$27,863
3 years$20,426$19,847$19,290$18,754$18,237$17,377
4 years$15,167$14,590$14,038$13,511$13,007$12,177
5 years$12,012$11,439$10,894$10,378$9,888$9,089
6 years$9,910$9,341$8,804$8,299$7,824$7,058
7 years$8,409$7,844$7,316$6,823$6,363$5,630
8 years$7,283$6,724$6,205$5,724$5,278$4,578
9 years$6,408$5,854$5,344$4,875$4,445$3,778
10 years$5,709$5,160$4,659$4,203$3,788$3,152
11 years$5,137$4,594$4,102$3,658$3,257$2,653
12 years$4,661$4,123$3,640$3,208$2,823$2,249
13 years$4,258$3,726$3,252$2,832$2,462$1,918
14 years$3,913$3,387$2,922$2,514$2,158$1,643
15 years$3,615$3,094$2,638$2,242$1,900$1,413
16 years$3,354$2,839$2,392$2,008$1,679$1,220
17 years$3,124$2,614$2,177$1,804$1,489$1,055
18 years$2,919$2,416$1,987$1,626$1,324$916
19 years$2,737$2,239$1,819$1,469$1,180$796
20 years$2,573$2,081$1,669$1,330$1,054$693
21 years$2,425$1,938$1,536$1,207$943$604
22 years$2,290$1,809$1,415$1,098$845$528
23 years$2,167$1,692$1,307$1,000$759$461
24 years$2,055$1,585$1,209$912$682$404
25 years$1,952$1,488$1,119$833$614$354
26 years$1,857$1,398$1,038$761$553$310
27 years$1,769$1,316$964$697$498$272
28 years$1,687$1,240$896$639$450$239
29 years$1,611$1,170$834$586$406$209
30 years$1,541$1,105$777$537$367$184
31 years$1,475$1,044$724$494$332$162
32 years$1,413$988$676$454$300$142
33 years$1,356$936$631$417$272$125
34 years$1,301$887$589$384$246$110
35 years$1,250$841$551$353$223$97
36 years$1,202$798$516$325$202$85
37 years$1,157$758$483$300$183$75
38 years$1,114$721$452$276$166$66
39 years$1,073$685$423$255$150$58
40 years$1,035$652$397$235$136$51
41 years$998$621$372$217$124$45
42 years$964$591$349$200$112$40
43 years$931$563$328$185$102$35
44 years$899$537$307$171$92$31
45 years$870$512$289$158$84$27
46 years$841$488$271$146$76$24
47 years$814$466$255$134$69$21
48 years$788$445$239$124$63$18
49 years$763$425$225$115$57$16
50 years$739$406$212$106$52$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $757,000, adding $2,778 every year, while hoping to spend $58,850 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: 22/48/30 Blend
53$757,000$757,000$757,000$757,000
54$837,080$796,959$785,225$847,525
55$859,846$773,394$748,914$833,588
56$882,962$746,701$709,414$813,616
57$906,401$716,667$666,557$791,001
58$930,132$683,062$620,165$765,568
59$954,119$645,646$570,054$737,128
60$978,320$604,163$516,032$705,484
61$1,002,687$558,345$457,897$670,425
62$1,027,163$507,906$395,438$631,729
63$1,051,684$452,544$328,436$589,162
64$1,076,179$391,942$256,662$542,474
65$1,100,566$325,763$179,876$491,403
66$1,124,750$253,652$97,828$435,668
67$1,148,626$175,233$10,258$374,975
68$1,172,076$90,109$0$309,011
69$1,194,966$0$0$264,076
70$1,217,146$0$0$219,551
71$1,238,448$0$0$222,336
72$1,258,683$0$0$224,788
73$1,277,640$0$0$226,852
74$1,295,083$0$0$228,470
75$1,310,750$0$0$229,575
76$1,324,348$0$0$230,093
77$1,335,550$0$0$229,943
78$1,343,991$0$0$229,033
79$1,349,269$0$0$227,263
80$1,350,933$0$0$224,521
81$1,348,484$0$0$220,683
82$1,341,367$0$0$215,611
83$1,328,968$0$0$209,153
84$1,310,604$0$0$201,140
85$1,285,518$0$0$191,385
86$1,252,872$0$0$179,682
87$1,211,737$0$0$165,801
88$1,161,086$0$0$149,490
89$1,099,779$0$0$130,468
90$1,026,557$0$0$108,427
91$940,026$0$0$83,025
92$838,646$0$0$53,882
93$720,710$0$0$20,583
94$584,336$0$0$0
95$427,440$0$0$0
96$247,721$0$0$0
97$42,636$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0