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%15.6%
1 years$62,678$62,119$61,575$61,043$60,524$59,133
2 years$31,028$30,451$29,891$29,348$28,821$27,427
3 years$20,480$19,900$19,341$18,803$18,285$16,932
4 years$15,207$14,628$14,075$13,547$13,041$11,739
5 years$12,044$11,469$10,923$10,405$9,914$8,667
6 years$9,936$9,365$8,827$8,321$7,844$6,654
7 years$8,431$7,865$7,336$6,841$6,380$5,245
8 years$7,303$6,742$6,221$5,739$5,292$4,214
9 years$6,425$5,870$5,358$4,888$4,457$3,434
10 years$5,724$5,174$4,672$4,214$3,798$2,828
11 years$5,151$4,606$4,113$3,667$3,266$2,349
12 years$4,673$4,134$3,650$3,217$2,830$1,965
13 years$4,269$3,736$3,261$2,840$2,468$1,652
14 years$3,924$3,396$2,930$2,521$2,163$1,395
15 years$3,624$3,102$2,645$2,248$1,905$1,183
16 years$3,363$2,846$2,398$2,013$1,684$1,006
17 years$3,132$2,621$2,182$1,809$1,493$858
18 years$2,927$2,422$1,992$1,630$1,327$733
19 years$2,744$2,245$1,824$1,473$1,183$627
20 years$2,580$2,086$1,674$1,334$1,057$538
21 years$2,431$1,943$1,540$1,211$946$461
22 years$2,296$1,814$1,419$1,101$848$396
23 years$2,173$1,696$1,310$1,002$761$341
24 years$2,060$1,589$1,212$914$684$293
25 years$1,957$1,492$1,122$835$615$253
26 years$1,861$1,402$1,041$763$554$218
27 years$1,773$1,319$967$699$500$188
28 years$1,692$1,243$899$640$451$162
29 years$1,616$1,173$836$587$407$140
30 years$1,545$1,108$779$539$368$121
31 years$1,479$1,047$726$495$333$104
32 years$1,417$991$677$455$301$90
33 years$1,359$938$633$418$272$78
34 years$1,305$889$591$385$247$67
35 years$1,254$843$553$354$223$58
36 years$1,205$801$517$326$202$50
37 years$1,160$760$484$301$183$43
38 years$1,117$723$453$277$166$38
39 years$1,076$687$424$255$151$32
40 years$1,038$654$398$236$137$28
41 years$1,001$622$373$217$124$24
42 years$966$593$350$201$113$21
43 years$933$565$328$185$102$18
44 years$902$538$308$171$93$16
45 years$872$513$289$158$84$14
46 years$843$490$272$146$76$12
47 years$816$467$255$135$69$10
48 years$790$446$240$125$63$9
49 years$765$426$226$115$57$8
50 years$741$407$212$106$52$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $759,000, adding $4,112 every year, while hoping to spend $39,516 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: 73/15/12 Blend
53$759,000$759,000$759,000$759,000
54$840,660$800,433$788,668$899,672
55$884,362$797,609$773,044$936,419
56$931,198$793,323$755,572$971,369
57$981,445$787,460$736,148$1,008,577
58$1,035,408$779,901$714,664$1,048,255
59$1,093,421$770,519$691,008$1,090,639
60$1,155,853$759,177$665,059$1,135,989
61$1,223,106$745,733$636,695$1,184,591
62$1,295,624$730,034$605,785$1,236,762
63$1,373,893$711,921$572,194$1,292,851
64$1,458,448$691,223$535,781$1,353,245
65$1,549,877$667,760$496,396$1,418,370
66$1,648,825$641,342$453,887$1,488,696
67$1,756,004$611,766$408,090$1,564,743
68$1,872,193$578,819$358,838$1,647,085
69$1,998,251$542,276$305,954$1,736,355
70$2,135,123$501,897$249,253$1,833,253
71$2,283,847$457,432$188,544$1,938,551
72$2,445,565$408,612$123,626$2,053,100
73$2,621,534$355,155$54,290$2,177,843
74$2,813,138$296,766$0$2,313,817
75$3,021,898$233,127$0$2,464,693
76$3,249,489$163,907$0$2,636,795
77$3,497,754$88,756$0$2,824,592
78$3,768,722$7,302$0$3,029,658
79$4,064,625$0$0$3,253,727
80$4,387,923$0$0$3,512,057
81$4,741,321$0$0$3,795,789
82$5,127,800$0$0$4,106,116
83$5,550,639$0$0$4,445,675
84$6,013,453$0$0$4,817,373
85$6,520,217$0$0$5,224,408
86$7,075,314$0$0$5,670,304
87$7,683,566$0$0$6,158,941
88$8,350,287$0$0$6,694,593
89$9,081,328$0$0$7,281,965
90$9,883,133$0$0$7,926,242
91$10,762,801$0$0$8,633,133
92$11,728,150$0$0$9,408,927
93$12,787,793$0$0$10,260,551
94$13,951,215$0$0$11,195,637
95$15,228,867$0$0$12,222,588
96$16,632,260$0$0$13,350,667
97$18,174,076$0$0$14,590,072
98$19,868,285$0$0$15,952,043
99$21,730,278$0$0$17,448,959
100$23,777,009$0$0$19,094,459