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%13.5%
1 years$62,678$62,119$61,575$61,043$60,524$59,644
2 years$31,028$30,451$29,891$29,348$28,821$27,936
3 years$20,480$19,900$19,341$18,803$18,285$17,423
4 years$15,207$14,628$14,075$13,547$13,041$12,209
5 years$12,044$11,469$10,923$10,405$9,914$9,113
6 years$9,936$9,365$8,827$8,321$7,844$7,077
7 years$8,431$7,865$7,336$6,841$6,380$5,645
8 years$7,303$6,742$6,221$5,739$5,292$4,591
9 years$6,425$5,870$5,358$4,888$4,457$3,788
10 years$5,724$5,174$4,672$4,214$3,798$3,160
11 years$5,151$4,606$4,113$3,667$3,266$2,660
12 years$4,673$4,134$3,650$3,217$2,830$2,255
13 years$4,269$3,736$3,261$2,840$2,468$1,923
14 years$3,924$3,396$2,930$2,521$2,163$1,647
15 years$3,624$3,102$2,645$2,248$1,905$1,417
16 years$3,363$2,846$2,398$2,013$1,684$1,223
17 years$3,132$2,621$2,182$1,809$1,493$1,058
18 years$2,927$2,422$1,992$1,630$1,327$918
19 years$2,744$2,245$1,824$1,473$1,183$798
20 years$2,580$2,086$1,674$1,334$1,057$695
21 years$2,431$1,943$1,540$1,211$946$606
22 years$2,296$1,814$1,419$1,101$848$529
23 years$2,173$1,696$1,310$1,002$761$463
24 years$2,060$1,589$1,212$914$684$405
25 years$1,957$1,492$1,122$835$615$355
26 years$1,861$1,402$1,041$763$554$311
27 years$1,773$1,319$967$699$500$273
28 years$1,692$1,243$899$640$451$239
29 years$1,616$1,173$836$587$407$210
30 years$1,545$1,108$779$539$368$184
31 years$1,479$1,047$726$495$333$162
32 years$1,417$991$677$455$301$142
33 years$1,359$938$633$418$272$125
34 years$1,305$889$591$385$247$110
35 years$1,254$843$553$354$223$97
36 years$1,205$801$517$326$202$85
37 years$1,160$760$484$301$183$75
38 years$1,117$723$453$277$166$66
39 years$1,076$687$424$255$151$58
40 years$1,038$654$398$236$137$51
41 years$1,001$622$373$217$124$45
42 years$966$593$350$201$113$40
43 years$933$565$328$185$102$35
44 years$902$538$308$171$93$31
45 years$872$513$289$158$84$27
46 years$843$490$272$146$76$24
47 years$816$467$255$135$69$21
48 years$790$446$240$125$63$18
49 years$765$426$226$115$57$16
50 years$741$407$212$106$52$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $759,000, adding $4,289 every year, while hoping to spend $58,451 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: 36/34/30 Blend
53$759,000$759,000$759,000$759,000
54$840,842$800,615$788,851$863,429
55$864,417$777,654$753,086$857,728
56$888,437$751,608$714,164$846,025
57$912,886$722,266$671,917$832,289
58$937,745$689,402$626,171$816,378
59$962,989$652,777$576,742$798,141
60$988,591$612,139$523,439$777,418
61$1,014,516$567,223$466,063$754,039
62$1,040,726$517,746$404,406$727,823
63$1,067,175$463,411$338,248$698,579
64$1,093,811$403,903$267,364$666,104
65$1,120,575$338,889$191,516$630,181
66$1,147,397$268,018$110,455$590,582
67$1,174,199$190,918$23,923$547,062
68$1,200,893$107,199$0$499,364
69$1,227,378$16,445$0$469,114
70$1,253,540$0$0$443,714
71$1,279,251$0$0$445,880
72$1,304,367$0$0$453,902
73$1,328,726$0$0$461,564
74$1,352,146$0$0$468,789
75$1,374,422$0$0$475,496
76$1,395,329$0$0$481,593
77$1,414,611$0$0$486,975
78$1,431,983$0$0$491,529
79$1,447,129$0$0$495,126
80$1,459,697$0$0$497,624
81$1,469,293$0$0$498,865
82$1,475,479$0$0$498,672
83$1,477,771$0$0$496,851
84$1,475,628$0$0$493,185
85$1,468,451$0$0$487,432
86$1,455,575$0$0$479,327
87$1,436,261$0$0$468,574
88$1,409,693$0$0$454,845
89$1,374,962$0$0$437,778
90$1,331,066$0$0$416,971
91$1,276,892$0$0$391,980
92$1,211,209$0$0$362,313
93$1,132,655$0$0$327,425
94$1,039,722$0$0$286,717
95$930,743$0$0$239,521
96$803,875$0$0$185,104
97$657,080$0$0$122,652
98$488,105$0$0$51,268
99$294,460$0$0$0
100$73,396$0$0$0