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%13%
1 years$62,512$61,956$61,412$60,882$60,364$59,610
2 years$30,947$30,370$29,812$29,270$28,745$27,986
3 years$20,426$19,847$19,290$18,754$18,237$17,497
4 years$15,167$14,590$14,038$13,511$13,007$12,291
5 years$12,012$11,439$10,894$10,378$9,888$9,199
6 years$9,910$9,341$8,804$8,299$7,824$7,162
7 years$8,409$7,844$7,316$6,823$6,363$5,729
8 years$7,283$6,724$6,205$5,724$5,278$4,673
9 years$6,408$5,854$5,344$4,875$4,445$3,867
10 years$5,709$5,160$4,659$4,203$3,788$3,236
11 years$5,137$4,594$4,102$3,658$3,257$2,733
12 years$4,661$4,123$3,640$3,208$2,823$2,324
13 years$4,258$3,726$3,252$2,832$2,462$1,988
14 years$3,913$3,387$2,922$2,514$2,158$1,709
15 years$3,615$3,094$2,638$2,242$1,900$1,475
16 years$3,354$2,839$2,392$2,008$1,679$1,277
17 years$3,124$2,614$2,177$1,804$1,489$1,109
18 years$2,919$2,416$1,987$1,626$1,324$966
19 years$2,737$2,239$1,819$1,469$1,180$843
20 years$2,573$2,081$1,669$1,330$1,054$736
21 years$2,425$1,938$1,536$1,207$943$645
22 years$2,290$1,809$1,415$1,098$845$565
23 years$2,167$1,692$1,307$1,000$759$496
24 years$2,055$1,585$1,209$912$682$436
25 years$1,952$1,488$1,119$833$614$383
26 years$1,857$1,398$1,038$761$553$337
27 years$1,769$1,316$964$697$498$297
28 years$1,687$1,240$896$639$450$262
29 years$1,611$1,170$834$586$406$231
30 years$1,541$1,105$777$537$367$203
31 years$1,475$1,044$724$494$332$179
32 years$1,413$988$676$454$300$158
33 years$1,356$936$631$417$272$140
34 years$1,301$887$589$384$246$123
35 years$1,250$841$551$353$223$109
36 years$1,202$798$516$325$202$96
37 years$1,157$758$483$300$183$85
38 years$1,114$721$452$276$166$75
39 years$1,073$685$423$255$150$67
40 years$1,035$652$397$235$136$59
41 years$998$621$372$217$124$52
42 years$964$591$349$200$112$46
43 years$931$563$328$185$102$41
44 years$899$537$307$171$92$36
45 years$870$512$289$158$84$32
46 years$841$488$271$146$76$28
47 years$814$466$255$134$69$25
48 years$788$445$239$124$63$22
49 years$763$425$225$115$57$19
50 years$739$406$212$106$52$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $757,000, adding $6,204 every year, while hoping to spend $22,711 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: 87/8/5 Blend
53$757,000$757,000$757,000$757,000
54$840,613$800,492$788,759$913,262
55$902,192$815,552$791,018$976,564
56$969,290$830,589$792,592$1,042,308
57$1,042,447$845,577$793,433$1,113,822
58$1,122,256$860,490$793,492$1,191,669
59$1,209,370$875,298$792,718$1,276,470
60$1,304,508$889,970$791,057$1,368,910
61$1,408,461$904,472$788,451$1,469,740
62$1,522,101$918,767$784,840$1,579,791
63$1,646,386$932,818$780,163$1,699,975
64$1,782,373$946,581$774,354$1,831,297
65$1,931,224$960,013$767,344$1,974,867
66$2,094,220$973,065$759,061$2,131,903
67$2,272,771$985,686$749,430$2,303,749
68$2,468,430$997,820$738,373$2,491,886
69$2,682,906$1,009,410$725,805$2,697,944
70$2,918,085$1,020,393$711,641$2,923,720
71$3,176,039$1,030,703$695,791$3,171,192
72$3,459,055$1,040,267$678,160$3,442,539
73$3,769,648$1,049,010$658,648$3,740,165
74$4,110,592$1,056,851$637,153$4,066,714
75$4,484,940$1,063,704$613,565$4,425,102
76$4,896,057$1,069,478$587,772$4,818,541
77$5,347,647$1,074,075$559,654$5,250,569
78$5,843,793$1,077,391$529,089$5,725,085
79$6,388,993$1,079,316$495,947$6,246,386
80$6,988,201$1,079,733$460,091$6,819,204
81$7,646,875$1,078,518$421,382$7,448,755
82$8,371,029$1,075,538$379,672$8,140,786
83$9,167,289$1,070,654$334,805$8,901,629
84$10,042,953$1,063,717$286,622$9,738,262
85$11,006,064$1,054,568$234,953$10,658,374
86$12,065,482$1,043,042$179,623$11,670,436
87$13,230,969$1,028,959$120,449$12,783,784
88$14,513,283$1,012,134$57,240$14,008,705
89$15,924,275$992,365$0$15,356,535
90$17,477,003$969,443$0$16,840,310
91$19,185,855$943,144$0$18,476,544
92$21,066,686$913,231$0$20,277,361
93$23,136,964$879,455$0$22,259,486
94$25,415,936$841,550$0$24,441,353
95$27,924,812$799,236$0$26,843,270
96$30,686,961$752,218$0$29,487,620
97$33,728,135$700,180$0$32,399,064
98$37,076,709$642,793$0$35,604,779
99$40,763,948$579,705$0$39,134,712
100$44,824,307$510,546$0$43,021,863