Can I retire at age 54 with 760,000?

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 $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%14%
1 years$62,760$62,201$61,656$61,123$60,603$59,599
2 years$31,069$30,491$29,930$29,386$28,859$27,850
3 years$20,507$19,926$19,367$18,828$18,309$17,327
4 years$15,227$14,648$14,094$13,565$13,058$12,111
5 years$12,060$11,484$10,937$10,419$9,927$9,016
6 years$9,949$9,378$8,839$8,332$7,855$6,983
7 years$8,442$7,875$7,345$6,850$6,388$5,554
8 years$7,312$6,751$6,229$5,746$5,299$4,504
9 years$6,434$5,878$5,365$4,895$4,463$3,705
10 years$5,732$5,181$4,678$4,219$3,803$3,082
11 years$5,157$4,612$4,118$3,672$3,270$2,586
12 years$4,679$4,140$3,655$3,221$2,834$2,185
13 years$4,275$3,741$3,265$2,844$2,471$1,857
14 years$3,929$3,400$2,934$2,524$2,166$1,586
15 years$3,629$3,106$2,649$2,251$1,907$1,359
16 years$3,367$2,850$2,402$2,016$1,686$1,169
17 years$3,136$2,625$2,185$1,811$1,495$1,008
18 years$2,931$2,425$1,995$1,632$1,329$871
19 years$2,748$2,248$1,826$1,475$1,185$755
20 years$2,583$2,089$1,676$1,336$1,058$655
21 years$2,434$1,946$1,542$1,212$947$569
22 years$2,299$1,816$1,421$1,102$849$495
23 years$2,176$1,699$1,312$1,004$762$431
24 years$2,063$1,592$1,213$916$685$376
25 years$1,959$1,494$1,124$836$616$328
26 years$1,864$1,404$1,042$764$555$286
27 years$1,776$1,321$968$700$500$250
28 years$1,694$1,245$900$641$452$218
29 years$1,618$1,174$837$588$408$191
30 years$1,547$1,109$780$540$368$167
31 years$1,481$1,048$727$496$333$146
32 years$1,419$992$678$455$301$128
33 years$1,361$939$633$419$273$112
34 years$1,307$890$592$385$247$98
35 years$1,255$845$553$355$224$86
36 years$1,207$802$518$327$203$75
37 years$1,161$761$484$301$184$66
38 years$1,118$724$454$277$166$58
39 years$1,078$688$425$256$151$51
40 years$1,039$655$398$236$137$44
41 years$1,002$623$374$218$124$39
42 years$968$593$350$201$113$34
43 years$934$565$329$185$102$30
44 years$903$539$309$171$93$26
45 years$873$514$290$158$84$23
46 years$844$490$272$146$77$20
47 years$817$468$256$135$70$18
48 years$791$447$240$125$63$16
49 years$766$427$226$115$57$14
50 years$742$407$212$107$52$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $760,000, adding $5,967 every year, while hoping to spend $30,680 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: 88/5/7 Blend
53$760,000$760,000$760,000$760,000
54$843,675$803,395$791,615$916,988
55$897,087$810,118$785,491$972,362
56$954,918$816,142$778,133$1,028,326
57$1,017,587$821,401$769,468$1,088,849
58$1,085,555$825,823$759,419$1,154,370
59$1,159,327$829,334$747,905$1,225,369
60$1,239,459$831,852$734,841$1,302,375
61$1,326,564$833,294$720,139$1,385,972
62$1,421,316$833,567$703,705$1,476,800
63$1,524,454$832,576$685,443$1,575,567
64$1,636,795$830,218$665,252$1,683,051
65$1,759,235$826,386$643,025$1,800,108
66$1,892,762$820,964$618,652$1,927,682
67$2,038,462$813,830$592,015$2,066,812
68$2,197,532$804,854$562,994$2,218,642
69$2,371,288$793,900$531,462$2,384,434
70$2,561,180$780,822$497,287$2,565,575
71$2,768,804$765,465$460,329$2,763,596
72$2,995,916$747,667$420,444$2,980,181
73$3,244,451$727,255$377,481$3,217,187
74$3,516,540$704,045$331,282$3,476,658
75$3,814,529$677,845$281,681$3,760,848
76$4,141,000$648,449$228,507$4,072,239
77$4,498,799$615,640$171,579$4,413,565
78$4,891,060$579,189$110,710$4,787,841
79$5,321,232$538,854$45,703$5,198,385
80$5,793,118$494,377$0$5,648,855
81$6,310,903$445,489$0$6,145,051
82$6,879,199$391,902$0$6,693,402
83$7,503,086$333,314$0$7,295,402
84$8,188,159$269,404$0$7,956,461
85$8,940,581$199,835$0$8,682,538
86$9,767,144$124,250$0$9,480,198
87$10,675,326$42,272$0$10,356,677
88$11,673,369$0$0$11,319,945
89$12,770,351$0$0$12,381,342
90$13,976,273$0$0$13,550,708
91$15,302,155$0$0$14,836,403
92$16,760,137$0$0$16,250,200
93$18,363,593$0$0$17,805,070
94$20,127,260$0$0$19,515,303
95$22,067,374$0$0$21,396,644
96$24,201,825$0$0$23,466,442
97$26,550,323$0$0$25,743,810
98$29,134,585$0$0$28,249,809
99$31,978,539$0$0$31,007,644
100$35,108,552$0$0$34,042,884