Can I retire at age 54 with 761,000?

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 $761,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$62,843$62,283$61,737$61,204$60,683$60,100
2 years$31,110$30,531$29,969$29,425$28,897$28,309
3 years$20,534$19,952$19,392$18,853$18,333$17,759
4 years$15,247$14,667$14,112$13,582$13,075$12,520
5 years$12,076$11,499$10,952$10,433$9,940$9,404
6 years$9,962$9,390$8,851$8,343$7,865$7,350
7 years$8,453$7,886$7,355$6,859$6,396$5,902
8 years$7,322$6,759$6,238$5,754$5,306$4,833
9 years$6,442$5,885$5,372$4,901$4,469$4,016
10 years$5,739$5,188$4,684$4,225$3,808$3,375
11 years$5,164$4,618$4,124$3,677$3,275$2,863
12 years$4,686$4,145$3,660$3,225$2,838$2,445
13 years$4,281$3,746$3,270$2,847$2,475$2,101
14 years$3,934$3,405$2,938$2,528$2,169$1,815
15 years$3,634$3,110$2,652$2,254$1,910$1,574
16 years$3,372$2,854$2,405$2,018$1,688$1,369
17 years$3,140$2,628$2,188$1,813$1,497$1,195
18 years$2,935$2,429$1,998$1,634$1,331$1,046
19 years$2,751$2,251$1,829$1,477$1,186$917
20 years$2,586$2,092$1,678$1,337$1,060$806
21 years$2,437$1,948$1,544$1,214$948$709
22 years$2,302$1,819$1,423$1,104$850$625
23 years$2,179$1,701$1,314$1,005$763$551
24 years$2,066$1,594$1,215$917$686$487
25 years$1,962$1,496$1,125$837$617$430
26 years$1,866$1,406$1,044$765$556$381
27 years$1,778$1,323$969$701$501$337
28 years$1,696$1,246$901$642$452$299
29 years$1,620$1,176$838$589$408$265
30 years$1,549$1,111$781$540$369$235
31 years$1,483$1,050$728$496$334$208
32 years$1,421$993$679$456$302$185
33 years$1,363$941$634$419$273$164
34 years$1,308$892$593$386$247$146
35 years$1,257$846$554$355$224$130
36 years$1,209$803$518$327$203$115
37 years$1,163$762$485$301$184$102
38 years$1,120$724$454$278$167$91
39 years$1,079$689$426$256$151$81
40 years$1,040$655$399$236$137$72
41 years$1,004$624$374$218$124$64
42 years$969$594$351$201$113$57
43 years$936$566$329$186$102$51
44 years$904$540$309$171$93$45
45 years$874$515$290$158$84$40
46 years$845$491$273$146$77$36
47 years$818$468$256$135$70$32
48 years$792$447$241$125$63$28
49 years$767$427$226$115$57$25
50 years$743$408$213$107$52$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $761,000, adding $3,264 every year, while hoping to spend $45,206 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: 49/46/5 Blend
53$761,000$761,000$761,000$761,000
54$841,989$801,656$789,860$882,054
55$879,773$792,838$768,222$900,902
56$919,896$782,073$744,343$916,252
57$962,548$769,218$718,102$931,840
58$1,007,939$754,121$689,370$947,700
59$1,056,297$736,621$658,012$963,871
60$1,107,873$716,549$623,888$980,399
61$1,162,940$693,723$586,852$997,338
62$1,221,798$667,955$546,751$1,014,749
63$1,284,778$639,041$503,423$1,032,705
64$1,352,240$606,768$456,702$1,051,290
65$1,424,580$570,911$406,414$1,070,600
66$1,502,233$531,232$352,374$1,090,745
67$1,585,675$487,477$294,393$1,111,850
68$1,675,430$439,379$232,271$1,134,060
69$1,772,073$386,657$165,801$1,157,539
70$1,876,234$329,014$94,765$1,182,471
71$1,988,607$266,132$18,937$1,209,068
72$2,109,954$197,682$0$1,237,569
73$2,241,111$123,310$0$1,271,550
74$2,382,998$42,646$0$1,309,302
75$2,536,627$0$0$1,350,171
76$2,703,108$0$0$1,417,185
77$2,883,664$0$0$1,513,345
78$3,079,640$0$0$1,617,789
79$3,292,513$0$0$1,731,314
80$3,523,909$0$0$1,854,796
81$3,775,619$0$0$1,989,201
82$4,049,609$0$0$2,135,589
83$4,348,045$0$0$2,295,129
84$4,673,312$0$0$2,469,105
85$5,028,032$0$0$2,658,933
86$5,415,091$0$0$2,866,170
87$5,837,667$0$0$3,092,530
88$6,299,259$0$0$3,339,900
89$6,803,717$0$0$3,610,358
90$7,355,281$0$0$3,906,190
91$7,958,617$0$0$4,229,916
92$8,618,867$0$0$4,584,310
93$9,341,689$0$0$4,972,423
94$10,133,316$0$0$5,397,621
95$11,000,610$0$0$5,863,606
96$11,951,129$0$0$6,374,457
97$12,993,197$0$0$6,934,668
98$14,135,983$0$0$7,549,185
99$15,389,583$0$0$8,223,459
100$16,765,121$0$0$8,963,494