Can I retire at age 54 with 758,000?

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 $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%12.9%
1 years$62,595$62,037$61,493$60,962$60,444$59,713
2 years$30,988$30,410$29,851$29,309$28,783$28,048
3 years$20,453$19,874$19,316$18,778$18,261$17,544
4 years$15,187$14,609$14,057$13,529$13,024$12,331
5 years$12,028$11,454$10,909$10,391$9,901$9,233
6 years$9,923$9,353$8,816$8,310$7,834$7,193
7 years$8,420$7,855$7,326$6,832$6,371$5,757
8 years$7,293$6,733$6,213$5,731$5,285$4,698
9 years$6,417$5,862$5,351$4,882$4,451$3,890
10 years$5,717$5,167$4,665$4,208$3,793$3,258
11 years$5,144$4,600$4,107$3,662$3,262$2,752
12 years$4,667$4,129$3,645$3,212$2,827$2,342
13 years$4,264$3,731$3,257$2,836$2,465$2,005
14 years$3,919$3,392$2,926$2,518$2,161$1,725
15 years$3,620$3,098$2,642$2,245$1,902$1,489
16 years$3,358$2,843$2,395$2,010$1,681$1,291
17 years$3,128$2,618$2,180$1,806$1,491$1,122
18 years$2,923$2,419$1,990$1,628$1,326$977
19 years$2,741$2,242$1,821$1,471$1,181$853
20 years$2,576$2,083$1,672$1,332$1,055$746
21 years$2,428$1,941$1,538$1,209$944$654
22 years$2,293$1,811$1,417$1,099$847$574
23 years$2,170$1,694$1,308$1,001$760$504
24 years$2,058$1,587$1,210$913$683$443
25 years$1,954$1,490$1,121$834$615$390
26 years$1,859$1,400$1,040$762$554$343
27 years$1,771$1,318$965$698$499$302
28 years$1,689$1,242$897$639$450$267
29 years$1,614$1,171$835$586$407$235
30 years$1,543$1,106$778$538$367$208
31 years$1,477$1,046$725$494$332$183
32 years$1,415$989$677$454$301$162
33 years$1,357$937$632$418$272$143
34 years$1,303$888$590$384$246$127
35 years$1,252$842$552$354$223$112
36 years$1,204$799$516$326$202$99
37 years$1,158$759$483$300$183$87
38 years$1,115$722$452$277$166$77
39 years$1,075$686$424$255$151$68
40 years$1,036$653$397$235$137$61
41 years$1,000$621$373$217$124$54
42 years$965$592$349$200$112$47
43 years$932$564$328$185$102$42
44 years$901$538$308$171$93$37
45 years$871$513$289$158$84$33
46 years$842$489$271$146$76$29
47 years$815$467$255$135$69$26
48 years$789$445$240$124$63$23
49 years$764$425$225$115$57$20
50 years$740$406$212$106$52$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $758,000, adding $5,834 every year, while hoping to spend $46,900 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: 53/37/10 Blend
53$758,000$758,000$758,000$758,000
54$841,334$801,160$789,411$883,475
55$877,249$790,515$765,955$902,120
56$915,255$777,777$740,141$916,824
57$955,516$762,794$711,841$931,722
58$998,212$745,404$680,921$946,840
59$1,043,537$725,437$647,240$962,212
60$1,091,707$702,711$610,651$977,878
61$1,142,953$677,037$571,000$993,885
62$1,197,534$648,211$528,128$1,010,287
63$1,255,729$616,020$481,867$1,027,149
64$1,317,845$580,237$432,041$1,044,542
65$1,384,219$540,622$378,468$1,062,554
66$1,455,220$496,923$320,957$1,081,279
67$1,531,252$448,872$259,309$1,100,832
68$1,612,758$396,185$193,314$1,121,339
69$1,700,226$338,565$122,757$1,142,947
70$1,794,188$275,694$47,409$1,165,821
71$1,895,232$207,240$0$1,190,150
72$2,004,001$132,849$0$1,219,669
73$2,121,201$52,151$0$1,256,725
74$2,247,608$0$0$1,296,555
75$2,384,075$0$0$1,353,848
76$2,531,539$0$0$1,438,761
77$2,691,030$0$0$1,530,658
78$2,863,678$0$0$1,630,202
79$3,050,729$0$0$1,738,117
80$3,253,550$0$0$1,855,200
81$3,473,646$0$0$1,982,329
82$3,712,671$0$0$2,120,470
83$3,972,444$0$0$2,270,683
84$4,254,969$0$0$2,434,136
85$4,562,447$0$0$2,612,115
86$4,897,303$0$0$2,806,033
87$5,262,203$0$0$3,017,446
88$5,660,081$0$0$3,248,067
89$6,094,169$0$0$3,499,781
90$6,568,022$0$0$3,774,663
91$7,085,554$0$0$4,074,997
92$7,651,073$0$0$4,403,297
93$8,269,323$0$0$4,762,332
94$8,945,526$0$0$5,155,151
95$9,685,434$0$0$5,585,110
96$10,495,377$0$0$6,055,904
97$11,382,328$0$0$6,571,605
98$12,353,965$0$0$7,136,695
99$13,418,745$0$0$7,756,109
100$14,585,979$0$0$8,435,284