Can I retire at age 54 with 758,000?

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 $758,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$62,595$62,037$61,493$60,962$60,444$60,088
2 years$30,988$30,410$29,851$29,309$28,783$28,424
3 years$20,453$19,874$19,316$18,778$18,261$17,910
4 years$15,187$14,609$14,057$13,529$13,024$12,684
5 years$12,028$11,454$10,909$10,391$9,901$9,572
6 years$9,923$9,353$8,816$8,310$7,834$7,517
7 years$8,420$7,855$7,326$6,832$6,371$6,067
8 years$7,293$6,733$6,213$5,731$5,285$4,993
9 years$6,417$5,862$5,351$4,882$4,451$4,171
10 years$5,717$5,167$4,665$4,208$3,793$3,525
11 years$5,144$4,600$4,107$3,662$3,262$3,006
12 years$4,667$4,129$3,645$3,212$2,827$2,582
13 years$4,264$3,731$3,257$2,836$2,465$2,232
14 years$3,919$3,392$2,926$2,518$2,161$1,939
15 years$3,620$3,098$2,642$2,245$1,902$1,691
16 years$3,358$2,843$2,395$2,010$1,681$1,481
17 years$3,128$2,618$2,180$1,806$1,491$1,301
18 years$2,923$2,419$1,990$1,628$1,326$1,145
19 years$2,741$2,242$1,821$1,471$1,181$1,011
20 years$2,576$2,083$1,672$1,332$1,055$894
21 years$2,428$1,941$1,538$1,209$944$792
22 years$2,293$1,811$1,417$1,099$847$702
23 years$2,170$1,694$1,308$1,001$760$624
24 years$2,058$1,587$1,210$913$683$555
25 years$1,954$1,490$1,121$834$615$494
26 years$1,859$1,400$1,040$762$554$440
27 years$1,771$1,318$965$698$499$393
28 years$1,689$1,242$897$639$450$350
29 years$1,614$1,171$835$586$407$313
30 years$1,543$1,106$778$538$367$280
31 years$1,477$1,046$725$494$332$250
32 years$1,415$989$677$454$301$224
33 years$1,357$937$632$418$272$200
34 years$1,303$888$590$384$246$179
35 years$1,252$842$552$354$223$160
36 years$1,204$799$516$326$202$143
37 years$1,158$759$483$300$183$129
38 years$1,115$722$452$277$166$115
39 years$1,075$686$424$255$151$103
40 years$1,036$653$397$235$137$92
41 years$1,000$621$373$217$124$83
42 years$965$592$349$200$112$74
43 years$932$564$328$185$102$67
44 years$901$538$308$171$93$60
45 years$871$513$289$158$84$54
46 years$842$489$271$146$76$48
47 years$815$467$255$135$69$43
48 years$789$445$240$124$63$39
49 years$764$425$225$115$57$35
50 years$740$406$212$106$52$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $758,000, adding $2,600 every year, while hoping to spend $27,834 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: 38/43/19 Blend
53$758,000$758,000$758,000$758,000
54$837,998$797,824$786,075$864,974
55$893,859$807,302$782,793$894,136
56$954,484$816,312$778,469$922,800
57$1,020,331$824,801$773,037$953,200
58$1,091,902$832,713$766,431$985,509
59$1,169,749$839,989$758,580$1,019,916
60$1,254,481$846,566$749,409$1,056,634
61$1,346,766$852,376$738,842$1,095,897
62$1,447,340$857,346$726,798$1,137,965
63$1,557,014$861,401$713,191$1,183,126
64$1,676,679$864,460$697,932$1,231,699
65$1,807,316$866,434$680,929$1,284,038
66$1,950,007$867,234$662,084$1,340,536
67$2,105,940$866,760$641,296$1,401,625
68$2,276,424$864,910$618,458$1,467,788
69$2,462,902$861,573$593,459$1,539,555
70$2,666,960$856,632$566,182$1,617,517
71$2,890,347$849,964$536,506$1,702,326
72$3,134,986$841,437$504,304$1,794,703
73$3,402,999$830,912$469,442$1,895,447
74$3,696,719$818,240$431,782$2,005,442
75$4,018,716$803,266$391,179$2,125,666
76$4,371,823$785,823$347,481$2,257,199
77$4,759,157$765,737$300,529$2,401,237
78$5,184,153$742,820$250,159$2,559,103
79$5,650,595$716,877$196,199$2,732,258
80$6,162,651$687,699$138,466$2,922,319
81$6,724,911$655,066$76,774$3,131,071
82$7,342,432$618,744$10,926$3,360,488
83$8,020,785$578,487$0$3,612,753
84$8,766,106$534,035$0$3,902,306
85$9,585,158$485,111$0$4,222,925
86$10,485,387$431,424$0$4,575,381
87$11,474,999$372,667$0$4,962,970
88$12,563,036$308,514$0$5,389,331
89$13,759,456$238,622$0$5,858,479
90$15,075,233$162,627$0$6,374,846
91$16,522,457$80,146$0$6,943,322
92$18,114,449$0$0$7,569,301
93$19,865,885$0$0$8,263,101
94$21,792,936$0$0$9,068,311
95$23,913,420$0$0$9,954,467
96$26,246,967$0$0$10,929,788
97$28,815,209$0$0$12,003,332
98$31,641,980$0$0$13,185,075
99$34,753,541$0$0$14,486,015
100$38,178,830$0$0$15,918,267