Can I retire at age 54 with 759,000?

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 $759,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$62,678$62,119$61,575$61,043$60,524$58,563
2 years$31,028$30,451$29,891$29,348$28,821$26,864
3 years$20,480$19,900$19,341$18,803$18,285$16,393
4 years$15,207$14,628$14,075$13,547$13,041$11,229
5 years$12,044$11,469$10,923$10,405$9,914$8,186
6 years$9,936$9,365$8,827$8,321$7,844$6,202
7 years$8,431$7,865$7,336$6,841$6,380$4,823
8 years$7,303$6,742$6,221$5,739$5,292$3,821
9 years$6,425$5,870$5,358$4,888$4,457$3,068
10 years$5,724$5,174$4,672$4,214$3,798$2,490
11 years$5,151$4,606$4,113$3,667$3,266$2,037
12 years$4,673$4,134$3,650$3,217$2,830$1,677
13 years$4,269$3,736$3,261$2,840$2,468$1,387
14 years$3,924$3,396$2,930$2,521$2,163$1,152
15 years$3,624$3,102$2,645$2,248$1,905$961
16 years$3,363$2,846$2,398$2,013$1,684$803
17 years$3,132$2,621$2,182$1,809$1,493$673
18 years$2,927$2,422$1,992$1,630$1,327$565
19 years$2,744$2,245$1,824$1,473$1,183$475
20 years$2,580$2,086$1,674$1,334$1,057$399
21 years$2,431$1,943$1,540$1,211$946$337
22 years$2,296$1,814$1,419$1,101$848$284
23 years$2,173$1,696$1,310$1,002$761$240
24 years$2,060$1,589$1,212$914$684$202
25 years$1,957$1,492$1,122$835$615$171
26 years$1,861$1,402$1,041$763$554$145
27 years$1,773$1,319$967$699$500$122
28 years$1,692$1,243$899$640$451$103
29 years$1,616$1,173$836$587$407$87
30 years$1,545$1,108$779$539$368$74
31 years$1,479$1,047$726$495$333$63
32 years$1,417$991$677$455$301$53
33 years$1,359$938$633$418$272$45
34 years$1,305$889$591$385$247$38
35 years$1,254$843$553$354$223$32
36 years$1,205$801$517$326$202$27
37 years$1,160$760$484$301$183$23
38 years$1,117$723$453$277$166$20
39 years$1,076$687$424$255$151$17
40 years$1,038$654$398$236$137$14
41 years$1,001$622$373$217$124$12
42 years$966$593$350$201$113$10
43 years$933$565$328$185$102$9
44 years$902$538$308$171$93$7
45 years$872$513$289$158$84$6
46 years$843$490$272$146$76$5
47 years$816$467$255$135$69$4
48 years$790$446$240$125$63$4
49 years$765$426$226$115$57$3
50 years$741$407$212$106$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $759,000, adding $3,036 every year, while hoping to spend $57,197 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: 54/26/20 Blend
53$759,000$759,000$759,000$759,000
54$839,550$799,323$787,558$880,161
55$864,327$777,632$753,084$886,632
56$889,714$752,962$715,538$887,393
57$915,713$725,106$674,757$886,985
58$942,324$693,845$630,570$885,314
59$969,546$658,948$582,799$882,278
60$997,375$620,171$531,258$877,770
61$1,025,803$577,255$475,751$871,676
62$1,054,822$529,928$416,076$863,874
63$1,084,419$477,900$352,020$854,233
64$1,114,578$420,865$283,361$842,616
65$1,145,279$358,502$209,867$828,874
66$1,176,498$290,468$131,298$812,851
67$1,208,204$216,405$47,400$794,378
68$1,240,364$135,931$0$773,277
69$1,272,934$48,645$0$758,347
70$1,305,867$0$0$751,774
71$1,339,107$0$0$756,401
72$1,372,589$0$0$775,050
73$1,406,238$0$0$793,759
74$1,439,970$0$0$812,475
75$1,473,686$0$0$831,140
76$1,507,276$0$0$849,685
77$1,540,616$0$0$868,036
78$1,573,564$0$0$886,107
79$1,605,960$0$0$903,802
80$1,637,626$0$0$921,011
81$1,668,358$0$0$937,614
82$1,697,932$0$0$953,474
83$1,726,094$0$0$968,439
84$1,752,560$0$0$982,339
85$1,777,013$0$0$994,982
86$1,799,099$0$0$1,006,157
87$1,818,425$0$0$1,015,627
88$1,834,550$0$0$1,023,129
89$1,846,985$0$0$1,028,369
90$1,855,186$0$0$1,031,021
91$1,858,547$0$0$1,030,722
92$1,856,396$0$0$1,027,072
93$1,847,986$0$0$1,019,622
94$1,832,490$0$0$1,007,878
95$1,808,986$0$0$991,290
96$1,776,458$0$0$969,249
97$1,733,774$0$0$941,080
98$1,679,685$0$0$906,037
99$1,612,804$0$0$863,292
100$1,531,597$0$0$811,929