Can I retire at age 54 with 760,000?

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 $760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$62,760$62,201$61,656$61,123$60,603$58,500
2 years$31,069$30,491$29,930$29,386$28,859$26,761
3 years$20,507$19,926$19,367$18,828$18,309$16,283
4 years$15,227$14,648$14,094$13,565$13,058$11,120
5 years$12,060$11,484$10,937$10,419$9,927$8,081
6 years$9,949$9,378$8,839$8,332$7,855$6,103
7 years$8,442$7,875$7,345$6,850$6,388$4,730
8 years$7,312$6,751$6,229$5,746$5,299$3,733
9 years$6,434$5,878$5,365$4,895$4,463$2,987
10 years$5,732$5,181$4,678$4,219$3,803$2,415
11 years$5,157$4,612$4,118$3,672$3,270$1,968
12 years$4,679$4,140$3,655$3,221$2,834$1,613
13 years$4,275$3,741$3,265$2,844$2,471$1,329
14 years$3,929$3,400$2,934$2,524$2,166$1,100
15 years$3,629$3,106$2,649$2,251$1,907$913
16 years$3,367$2,850$2,402$2,016$1,686$760
17 years$3,136$2,625$2,185$1,811$1,495$634
18 years$2,931$2,425$1,995$1,632$1,329$529
19 years$2,748$2,248$1,826$1,475$1,185$443
20 years$2,583$2,089$1,676$1,336$1,058$371
21 years$2,434$1,946$1,542$1,212$947$311
22 years$2,299$1,816$1,421$1,102$849$261
23 years$2,176$1,699$1,312$1,004$762$219
24 years$2,063$1,592$1,213$916$685$184
25 years$1,959$1,494$1,124$836$616$155
26 years$1,864$1,404$1,042$764$555$131
27 years$1,776$1,321$968$700$500$110
28 years$1,694$1,245$900$641$452$92
29 years$1,618$1,174$837$588$408$78
30 years$1,547$1,109$780$540$368$66
31 years$1,481$1,048$727$496$333$55
32 years$1,419$992$678$455$301$47
33 years$1,361$939$633$419$273$39
34 years$1,307$890$592$385$247$33
35 years$1,255$845$553$355$224$28
36 years$1,207$802$518$327$203$23
37 years$1,161$761$484$301$184$20
38 years$1,118$724$454$277$166$17
39 years$1,078$688$425$256$151$14
40 years$1,039$655$398$236$137$12
41 years$1,002$623$374$218$124$10
42 years$968$593$350$201$113$8
43 years$934$565$329$185$102$7
44 years$903$539$309$171$93$6
45 years$873$514$290$158$84$5
46 years$844$490$272$146$77$4
47 years$817$468$256$135$70$4
48 years$791$447$240$125$63$3
49 years$766$427$226$115$57$3
50 years$742$407$212$107$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $760,000, adding $2,108 every year, while hoping to spend $49,252 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: 44/50/6 Blend
53$760,000$760,000$760,000$760,000
54$839,694$799,414$787,634$875,130
55$872,939$786,182$761,616$886,592
56$907,925$770,650$733,076$893,758
57$944,776$752,655$701,877$900,374
58$983,630$732,022$667,876$906,409
59$1,024,635$708,566$630,925$911,826
60$1,067,953$682,091$590,867$916,594
61$1,113,763$652,392$547,539$920,680
62$1,162,257$619,250$500,772$924,053
63$1,213,646$582,432$450,387$926,682
64$1,268,162$541,695$396,199$928,539
65$1,326,056$496,779$338,013$929,600
66$1,387,604$447,412$275,627$929,843
67$1,453,108$393,303$208,829$929,248
68$1,522,899$334,149$137,398$927,803
69$1,597,338$269,625$61,104$925,500
70$1,676,821$199,392$0$922,337
71$1,761,783$123,088$0$919,621
72$1,852,700$40,335$0$920,326
73$1,950,094$0$0$920,578
74$2,054,537$0$0$947,542
75$2,166,657$0$0$1,000,374
76$2,287,145$0$0$1,057,215
77$2,416,756$0$0$1,118,430
78$2,556,321$0$0$1,184,420
79$2,706,754$0$0$1,255,627
80$2,869,056$0$0$1,332,534
81$3,044,328$0$0$1,415,673
82$3,233,781$0$0$1,505,631
83$3,438,744$0$0$1,603,049
84$3,660,680$0$0$1,708,635
85$3,901,195$0$0$1,823,166
86$4,162,058$0$0$1,947,497
87$4,445,211$0$0$2,082,568
88$4,752,793$0$0$2,229,414
89$5,087,154$0$0$2,389,173
90$5,450,882$0$0$2,563,096
91$5,846,822$0$0$2,752,562
92$6,278,106$0$0$2,959,086
93$6,748,182$0$0$3,184,338
94$7,260,841$0$0$3,430,153
95$7,820,257$0$0$3,698,552
96$8,431,027$0$0$3,991,762
97$9,098,208$0$0$4,312,233
98$9,827,369$0$0$4,662,660
99$10,624,641$0$0$5,046,014
100$11,496,773$0$0$5,465,565