Can I retire at age 54 with 761,000?

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 $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%19.6%
1 years$62,843$62,283$61,737$61,204$60,683$58,345
2 years$31,110$30,531$29,969$29,425$28,897$26,569
3 years$20,534$19,952$19,392$18,853$18,333$16,089
4 years$15,247$14,667$14,112$13,582$13,075$10,932
5 years$12,076$11,499$10,952$10,433$9,940$7,902
6 years$9,962$9,390$8,851$8,343$7,865$5,935
7 years$8,453$7,886$7,355$6,859$6,396$4,573
8 years$7,322$6,759$6,238$5,754$5,306$3,589
9 years$6,442$5,885$5,372$4,901$4,469$2,854
10 years$5,739$5,188$4,684$4,225$3,808$2,292
11 years$5,164$4,618$4,124$3,677$3,275$1,856
12 years$4,686$4,145$3,660$3,225$2,838$1,511
13 years$4,281$3,746$3,270$2,847$2,475$1,237
14 years$3,934$3,405$2,938$2,528$2,169$1,016
15 years$3,634$3,110$2,652$2,254$1,910$838
16 years$3,372$2,854$2,405$2,018$1,688$692
17 years$3,140$2,628$2,188$1,813$1,497$573
18 years$2,935$2,429$1,998$1,634$1,331$475
19 years$2,751$2,251$1,829$1,477$1,186$395
20 years$2,586$2,092$1,678$1,337$1,060$328
21 years$2,437$1,948$1,544$1,214$948$273
22 years$2,302$1,819$1,423$1,104$850$227
23 years$2,179$1,701$1,314$1,005$763$189
24 years$2,066$1,594$1,215$917$686$158
25 years$1,962$1,496$1,125$837$617$132
26 years$1,866$1,406$1,044$765$556$110
27 years$1,778$1,323$969$701$501$92
28 years$1,696$1,246$901$642$452$77
29 years$1,620$1,176$838$589$408$64
30 years$1,549$1,111$781$540$369$53
31 years$1,483$1,050$728$496$334$45
32 years$1,421$993$679$456$302$37
33 years$1,363$941$634$419$273$31
34 years$1,308$892$593$386$247$26
35 years$1,257$846$554$355$224$22
36 years$1,209$803$518$327$203$18
37 years$1,163$762$485$301$184$15
38 years$1,120$724$454$278$167$13
39 years$1,079$689$426$256$151$11
40 years$1,040$655$399$236$137$9
41 years$1,004$624$374$218$124$7
42 years$969$594$351$201$113$6
43 years$936$566$329$186$102$5
44 years$904$540$309$171$93$4
45 years$874$515$290$158$84$4
46 years$845$491$273$146$77$3
47 years$818$468$256$135$70$3
48 years$792$447$241$125$63$2
49 years$767$427$226$115$57$2
50 years$743$408$213$107$52$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $761,000, adding $5,992 every year, while hoping to spend $48,380 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: 67/7/26 Blend
53$761,000$761,000$761,000$761,000
54$844,803$804,470$792,674$895,326
55$879,497$792,413$767,753$918,000
56$916,108$778,144$740,375$936,758
57$954,781$761,503$710,408$956,172
58$995,673$742,321$677,711$976,309
59$1,038,957$720,420$642,140$997,243
60$1,084,820$695,610$603,541$1,019,060
61$1,133,468$667,691$561,755$1,041,853
62$1,185,124$636,451$516,617$1,065,727
63$1,240,035$601,665$467,952$1,090,801
64$1,298,469$563,097$415,578$1,117,207
65$1,360,720$520,495$359,307$1,145,092
66$1,427,108$473,594$298,939$1,174,622
67$1,497,988$422,115$234,268$1,205,981
68$1,573,745$365,761$165,078$1,239,375
69$1,654,802$304,219$91,144$1,275,032
70$1,741,625$237,158$12,229$1,313,209
71$1,834,721$164,229$0$1,354,188
72$1,934,649$85,063$0$1,418,259
73$2,042,023$0$0$1,490,721
74$2,157,515$0$0$1,568,699
75$2,281,865$0$0$1,659,747
76$2,415,883$0$0$1,757,909
77$2,560,461$0$0$1,863,843
78$2,716,578$0$0$1,978,271
79$2,885,310$0$0$2,101,986
80$3,067,839$0$0$2,235,862
81$3,265,465$0$0$2,380,856
82$3,479,617$0$0$2,538,023
83$3,711,867$0$0$2,708,522
84$3,963,942$0$0$2,893,628
85$4,237,743$0$0$3,094,743
86$4,535,360$0$0$3,313,410
87$4,859,093$0$0$3,551,325
88$5,211,472$0$0$3,810,356
89$5,595,282$0$0$4,092,557
90$6,013,586$0$0$4,400,190
91$6,469,756$0$0$4,735,742
92$6,967,502$0$0$5,101,953
93$7,510,911$0$0$5,501,836
94$8,104,478$0$0$5,938,712
95$8,753,154$0$0$6,416,233
96$9,462,388$0$0$6,938,422
97$10,238,181$0$0$7,509,708
98$11,087,140$0$0$8,134,968
99$12,016,540$0$0$8,819,571
100$13,034,392$0$0$9,569,430