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%11.9%
1 years$62,925$62,365$61,818$61,284$60,763$60,279
2 years$31,151$30,571$30,009$29,464$28,935$28,447
3 years$20,561$19,978$19,418$18,878$18,357$17,881
4 years$15,267$14,686$14,131$13,600$13,093$12,631
5 years$12,092$11,514$10,966$10,446$9,953$9,507
6 years$9,975$9,402$8,862$8,354$7,875$7,447
7 years$8,464$7,896$7,365$6,868$6,405$5,993
8 years$7,331$6,768$6,246$5,762$5,313$4,919
9 years$6,451$5,893$5,380$4,908$4,475$4,097
10 years$5,747$5,194$4,690$4,230$3,813$3,452
11 years$5,171$4,624$4,129$3,682$3,279$2,934
12 years$4,692$4,151$3,664$3,229$2,841$2,513
13 years$4,286$3,751$3,274$2,851$2,478$2,165
14 years$3,939$3,409$2,942$2,531$2,172$1,875
15 years$3,639$3,115$2,656$2,257$1,912$1,630
16 years$3,376$2,858$2,408$2,021$1,690$1,422
17 years$3,144$2,632$2,191$1,816$1,499$1,245
18 years$2,939$2,432$2,000$1,636$1,333$1,092
19 years$2,755$2,254$1,831$1,479$1,188$961
20 years$2,590$2,094$1,680$1,339$1,061$846
21 years$2,441$1,951$1,546$1,215$949$747
22 years$2,305$1,821$1,425$1,105$851$660
23 years$2,181$1,703$1,315$1,006$764$584
24 years$2,068$1,596$1,217$918$687$518
25 years$1,965$1,497$1,127$838$618$459
26 years$1,869$1,407$1,045$766$557$407
27 years$1,780$1,325$970$702$502$362
28 years$1,698$1,248$902$643$453$322
29 years$1,622$1,177$839$589$409$286
30 years$1,551$1,112$782$541$369$255
31 years$1,485$1,051$729$497$334$227
32 years$1,423$995$680$457$302$202
33 years$1,365$942$635$420$273$180
34 years$1,310$893$593$386$248$160
35 years$1,259$847$555$356$224$143
36 years$1,210$804$519$328$203$127
37 years$1,165$763$486$302$184$114
38 years$1,121$725$455$278$167$101
39 years$1,080$690$426$256$151$91
40 years$1,042$656$399$237$137$81
41 years$1,005$625$375$218$125$72
42 years$970$595$351$201$113$64
43 years$937$567$330$186$103$57
44 years$905$540$309$172$93$51
45 years$875$515$291$159$85$46
46 years$847$492$273$146$77$41
47 years$819$469$256$135$70$37
48 years$793$448$241$125$63$33
49 years$768$428$226$116$57$29
50 years$744$409$213$107$52$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $762,000, adding $2,383 every year, while hoping to spend $20,872 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: 62/30/8 Blend
53$762,000$762,000$762,000$762,000
54$842,182$801,796$789,985$892,855
55$905,877$818,876$794,242$944,090
56$975,369$836,094$797,942$997,351
57$1,051,228$853,434$801,044$1,054,952
58$1,134,080$870,879$803,506$1,117,314
59$1,224,616$888,411$805,283$1,184,897
60$1,323,594$906,011$806,327$1,258,212
61$1,431,851$923,656$806,589$1,337,818
62$1,550,307$941,323$806,018$1,424,332
63$1,679,977$958,986$804,558$1,518,436
64$1,821,977$976,618$802,153$1,620,878
65$1,977,536$994,190$798,742$1,732,485
66$2,148,008$1,011,669$794,263$1,854,165
67$2,334,884$1,029,020$788,650$1,986,922
68$2,539,807$1,046,206$781,835$2,131,860
69$2,764,585$1,063,188$773,744$2,290,197
70$3,011,210$1,079,922$764,302$2,463,274
71$3,281,877$1,096,362$753,430$2,652,569
72$3,579,003$1,112,458$741,044$2,859,712
73$3,905,251$1,128,158$727,059$3,086,497
74$4,263,554$1,143,405$711,382$3,334,905
75$4,657,142$1,158,138$693,920$3,607,114
76$5,089,576$1,172,292$674,571$3,905,530
77$5,564,776$1,185,798$653,233$4,232,800
78$6,087,063$1,198,581$629,796$4,591,843
79$6,661,195$1,210,564$604,146$4,985,879
80$7,292,416$1,221,661$576,164$5,418,452
81$7,986,503$1,231,782$545,726$5,893,471
82$8,749,820$1,240,833$512,701$6,415,244
83$9,589,379$1,248,711$476,954$6,988,518
84$10,512,906$1,255,309$438,342$7,618,527
85$11,528,913$1,260,510$396,717$8,311,037
86$12,646,779$1,264,192$351,925$9,072,406
87$13,876,838$1,266,224$303,801$9,909,640
88$15,230,476$1,266,470$252,179$10,830,461
89$16,720,238$1,264,780$196,880$11,843,379
90$18,359,948$1,261,000$137,721$12,957,775
91$20,164,836$1,254,963$74,509$14,183,988
92$22,151,687$1,246,494$7,043$15,533,413
93$24,338,993$1,235,406$0$17,018,609
94$26,747,131$1,221,501$0$18,658,963
95$29,398,555$1,204,571$0$20,465,189
96$32,318,004$1,184,392$0$22,453,518
97$35,532,743$1,160,729$0$24,642,505
98$39,072,811$1,133,334$0$27,052,594
99$42,971,312$1,101,941$0$29,706,321
100$47,264,722$1,066,272$0$32,628,520