Can I retire at age 54 with 762,000?

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 $762,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$62,925$62,365$61,818$61,284$60,763$59,222
2 years$31,151$30,571$30,009$29,464$28,935$27,392
3 years$20,561$19,978$19,418$18,878$18,357$16,862
4 years$15,267$14,686$14,131$13,600$13,093$11,655
5 years$12,092$11,514$10,966$10,446$9,953$8,577
6 years$9,975$9,402$8,862$8,354$7,875$6,564
7 years$8,464$7,896$7,365$6,868$6,405$5,157
8 years$7,331$6,768$6,246$5,762$5,313$4,128
9 years$6,451$5,893$5,380$4,908$4,475$3,352
10 years$5,747$5,194$4,690$4,230$3,813$2,750
11 years$5,171$4,624$4,129$3,682$3,279$2,276
12 years$4,692$4,151$3,664$3,229$2,841$1,896
13 years$4,286$3,751$3,274$2,851$2,478$1,588
14 years$3,939$3,409$2,942$2,531$2,172$1,336
15 years$3,639$3,115$2,656$2,257$1,912$1,128
16 years$3,376$2,858$2,408$2,021$1,690$955
17 years$3,144$2,632$2,191$1,816$1,499$810
18 years$2,939$2,432$2,000$1,636$1,333$689
19 years$2,755$2,254$1,831$1,479$1,188$587
20 years$2,590$2,094$1,680$1,339$1,061$501
21 years$2,441$1,951$1,546$1,215$949$428
22 years$2,305$1,821$1,425$1,105$851$366
23 years$2,181$1,703$1,315$1,006$764$313
24 years$2,068$1,596$1,217$918$687$269
25 years$1,965$1,497$1,127$838$618$230
26 years$1,869$1,407$1,045$766$557$197
27 years$1,780$1,325$970$702$502$169
28 years$1,698$1,248$902$643$453$145
29 years$1,622$1,177$839$589$409$125
30 years$1,551$1,112$782$541$369$107
31 years$1,485$1,051$729$497$334$92
32 years$1,423$995$680$457$302$79
33 years$1,365$942$635$420$273$68
34 years$1,310$893$593$386$248$59
35 years$1,259$847$555$356$224$50
36 years$1,210$804$519$328$203$43
37 years$1,165$763$486$302$184$37
38 years$1,121$725$455$278$167$32
39 years$1,080$690$426$256$151$28
40 years$1,042$656$399$237$137$24
41 years$1,005$625$375$218$125$20
42 years$970$595$351$201$113$18
43 years$937$567$330$186$103$15
44 years$905$540$309$172$93$13
45 years$875$515$291$159$85$11
46 years$847$492$273$146$77$10
47 years$819$469$256$135$70$8
48 years$793$448$241$125$63$7
49 years$768$428$226$116$57$6
50 years$744$409$213$107$52$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $762,000, adding $3,871 every year, while hoping to spend $36,798 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: 54/28/18 Blend
53$762,000$762,000$762,000$762,000
54$843,717$803,331$791,520$884,981
55$890,623$803,541$778,883$913,834
56$941,081$802,529$764,590$940,996
57$995,413$800,194$748,545$969,752
58$1,053,974$796,433$730,651$1,000,266
59$1,117,156$791,135$710,804$1,032,717
60$1,185,385$784,180$688,895$1,067,305
61$1,259,134$775,444$664,813$1,104,253
62$1,338,920$764,795$638,438$1,143,809
63$1,425,311$752,092$609,647$1,186,246
64$1,518,934$737,185$578,311$1,231,870
65$1,620,476$719,918$544,295$1,281,017
66$1,730,693$700,123$507,458$1,334,064
67$1,850,418$677,623$467,652$1,391,426
68$1,980,565$652,231$424,723$1,453,564
69$2,122,142$623,749$378,510$1,520,989
70$2,276,255$591,968$328,846$1,594,267
71$2,444,125$556,666$275,553$1,674,027
72$2,627,091$517,608$218,450$1,760,963
73$2,826,630$474,546$157,344$1,855,846
74$3,044,367$427,220$92,035$1,959,528
75$3,282,090$375,351$22,316$2,072,953
76$3,541,767$318,647$0$2,197,168
77$3,825,566$256,799$0$2,343,331
78$4,135,872$189,481$0$2,507,944
79$4,475,312$116,347$0$2,688,177
80$4,846,780$37,034$0$2,885,646
81$5,253,459$0$0$3,102,130
82$5,698,857$0$0$3,354,649
83$6,186,836$0$0$3,643,881
84$6,721,650$0$0$3,960,948
85$7,307,983$0$0$4,308,636
86$7,950,995$0$0$4,690,014
87$8,656,369$0$0$5,108,461
88$9,430,363$0$0$5,567,703
89$10,279,873$0$0$6,071,839
90$11,212,493$0$0$6,625,389
91$12,236,588$0$0$7,233,329
92$13,361,375$0$0$7,901,142
93$14,597,004$0$0$8,634,867
94$15,954,659$0$0$9,441,157
95$17,446,661$0$0$10,327,344
96$19,086,584$0$0$11,301,502
97$20,889,379$0$0$12,372,529
98$22,871,523$0$0$13,550,226
99$25,051,166$0$0$14,845,392
100$27,448,304$0$0$16,269,927