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%16.6%
1 years$62,595$62,037$61,493$60,962$60,444$58,816
2 years$30,988$30,410$29,851$29,309$28,783$27,154
3 years$20,453$19,874$19,316$18,778$18,261$16,683
4 years$15,187$14,609$14,057$13,529$13,024$11,508
5 years$12,028$11,454$10,909$10,391$9,901$8,452
6 years$9,923$9,353$8,816$8,310$7,834$6,453
7 years$8,420$7,855$7,326$6,832$6,371$5,058
8 years$7,293$6,733$6,213$5,731$5,285$4,040
9 years$6,417$5,862$5,351$4,882$4,451$3,272
10 years$5,717$5,167$4,665$4,208$3,793$2,679
11 years$5,144$4,600$4,107$3,662$3,262$2,211
12 years$4,667$4,129$3,645$3,212$2,827$1,837
13 years$4,264$3,731$3,257$2,836$2,465$1,534
14 years$3,919$3,392$2,926$2,518$2,161$1,287
15 years$3,620$3,098$2,642$2,245$1,902$1,083
16 years$3,358$2,843$2,395$2,010$1,681$915
17 years$3,128$2,618$2,180$1,806$1,491$774
18 years$2,923$2,419$1,990$1,628$1,326$657
19 years$2,741$2,242$1,821$1,471$1,181$558
20 years$2,576$2,083$1,672$1,332$1,055$475
21 years$2,428$1,941$1,538$1,209$944$404
22 years$2,293$1,811$1,417$1,099$847$345
23 years$2,170$1,694$1,308$1,001$760$294
24 years$2,058$1,587$1,210$913$683$251
25 years$1,954$1,490$1,121$834$615$215
26 years$1,859$1,400$1,040$762$554$183
27 years$1,771$1,318$965$698$499$157
28 years$1,689$1,242$897$639$450$134
29 years$1,614$1,171$835$586$407$115
30 years$1,543$1,106$778$538$367$98
31 years$1,477$1,046$725$494$332$84
32 years$1,415$989$677$454$301$72
33 years$1,357$937$632$418$272$62
34 years$1,303$888$590$384$246$53
35 years$1,252$842$552$354$223$45
36 years$1,204$799$516$326$202$39
37 years$1,158$759$483$300$183$33
38 years$1,115$722$452$277$166$29
39 years$1,075$686$424$255$151$25
40 years$1,036$653$397$235$137$21
41 years$1,000$621$373$217$124$18
42 years$965$592$349$200$112$15
43 years$932$564$328$185$102$13
44 years$901$538$308$171$93$11
45 years$871$513$289$158$84$10
46 years$842$489$271$146$76$8
47 years$815$467$255$135$69$7
48 years$789$445$240$124$63$6
49 years$764$425$225$115$57$5
50 years$740$406$212$106$52$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $758,000, adding $4,352 every year, while hoping to spend $26,908 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: 58/24/18 Blend
53$758,000$758,000$758,000$758,000
54$839,805$799,631$787,882$884,309
55$896,835$810,183$785,646$925,550
56$958,781$820,350$782,434$967,174
57$1,026,114$830,086$778,183$1,011,943
58$1,099,357$839,338$772,831$1,060,164
59$1,179,080$848,054$766,309$1,112,177
60$1,265,913$856,177$758,548$1,168,358
61$1,360,551$863,644$749,474$1,229,119
62$1,463,756$870,391$739,010$1,294,919
63$1,576,367$876,348$727,075$1,366,261
64$1,699,308$881,441$713,584$1,443,702
65$1,833,597$885,591$698,448$1,527,855
66$1,980,354$888,715$681,577$1,619,399
67$2,140,812$890,724$662,871$1,719,080
68$2,316,328$891,522$642,230$1,827,725
69$2,508,396$891,010$619,548$1,946,243
70$2,718,664$889,081$594,714$2,075,639
71$2,948,943$885,621$567,612$2,217,022
72$3,201,229$880,510$538,121$2,371,614
73$3,477,720$873,621$506,114$2,540,765
74$3,780,837$864,819$471,459$2,725,964
75$4,113,247$853,959$434,017$2,928,852
76$4,477,885$840,890$393,643$3,151,243
77$4,877,987$825,451$350,188$3,395,134
78$5,317,115$807,471$303,492$3,662,731
79$5,799,193$786,770$253,392$3,956,466
80$6,328,545$763,156$199,715$4,279,022
81$6,909,933$736,427$142,282$4,633,359
82$7,548,602$706,368$80,904$5,022,740
83$8,250,332$672,753$15,387$5,450,767
84$9,021,490$635,341$0$5,921,411
85$9,869,088$593,879$0$6,449,523
86$10,800,855$548,100$0$7,033,296
87$11,825,304$497,718$0$7,675,141
88$12,951,813$442,434$0$8,380,977
89$14,190,716$381,932$0$9,157,329
90$15,553,399$315,876$0$10,011,389
91$17,052,406$243,914$0$10,951,085
92$18,701,556$165,671$0$11,985,158
93$20,516,079$80,753$0$13,123,239
94$22,512,753$0$0$14,375,949
95$24,710,064$0$0$15,757,965
96$27,128,383$0$0$17,302,533
97$29,790,154$0$0$19,002,670
98$32,720,108$0$0$20,874,182
99$35,945,495$0$0$22,934,485
100$39,496,341$0$0$25,202,770