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%16.4%
1 years$62,925$62,365$61,818$61,284$60,763$59,174
2 years$31,151$30,571$30,009$29,464$28,935$27,345
3 years$20,561$19,978$19,418$18,878$18,357$16,816
4 years$15,267$14,686$14,131$13,600$13,093$11,612
5 years$12,092$11,514$10,966$10,446$9,953$8,537
6 years$9,975$9,402$8,862$8,354$7,875$6,525
7 years$8,464$7,896$7,365$6,868$6,405$5,121
8 years$7,331$6,768$6,246$5,762$5,313$4,095
9 years$6,451$5,893$5,380$4,908$4,475$3,320
10 years$5,747$5,194$4,690$4,230$3,813$2,721
11 years$5,171$4,624$4,129$3,682$3,279$2,249
12 years$4,692$4,151$3,664$3,229$2,841$1,871
13 years$4,286$3,751$3,274$2,851$2,478$1,565
14 years$3,939$3,409$2,942$2,531$2,172$1,315
15 years$3,639$3,115$2,656$2,257$1,912$1,108
16 years$3,376$2,858$2,408$2,021$1,690$937
17 years$3,144$2,632$2,191$1,816$1,499$794
18 years$2,939$2,432$2,000$1,636$1,333$675
19 years$2,755$2,254$1,831$1,479$1,188$574
20 years$2,590$2,094$1,680$1,339$1,061$489
21 years$2,441$1,951$1,546$1,215$949$417
22 years$2,305$1,821$1,425$1,105$851$356
23 years$2,181$1,703$1,315$1,006$764$304
24 years$2,068$1,596$1,217$918$687$260
25 years$1,965$1,497$1,127$838$618$223
26 years$1,869$1,407$1,045$766$557$191
27 years$1,780$1,325$970$702$502$163
28 years$1,698$1,248$902$643$453$140
29 years$1,622$1,177$839$589$409$120
30 years$1,551$1,112$782$541$369$103
31 years$1,485$1,051$729$497$334$88
32 years$1,423$995$680$457$302$76
33 years$1,365$942$635$420$273$65
34 years$1,310$893$593$386$248$56
35 years$1,259$847$555$356$224$48
36 years$1,210$804$519$328$203$41
37 years$1,165$763$486$302$184$35
38 years$1,121$725$455$278$167$30
39 years$1,080$690$426$256$151$26
40 years$1,042$656$399$237$137$22
41 years$1,005$625$375$218$125$19
42 years$970$595$351$201$113$17
43 years$937$567$330$186$103$14
44 years$905$540$309$172$93$12
45 years$875$515$291$159$85$10
46 years$847$492$273$146$77$9
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 $4,376 every year, while hoping to spend $31,289 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: 57/37/6 Blend
53$762,000$762,000$762,000$762,000
54$844,238$803,852$792,041$891,060
55$897,059$809,949$785,283$929,146
56$954,219$815,297$777,250$966,710
57$1,016,128$819,825$767,866$1,006,857
58$1,083,235$823,459$757,052$1,049,837
59$1,156,037$826,120$744,725$1,095,926
60$1,235,077$827,724$730,798$1,145,426
61$1,320,955$828,183$715,180$1,198,674
62$1,414,329$827,400$697,775$1,256,042
63$1,515,924$825,277$678,484$1,317,940
64$1,626,538$821,705$657,203$1,384,821
65$1,747,049$816,572$633,823$1,457,184
66$1,878,421$809,758$608,230$1,535,585
67$2,021,719$801,134$580,304$1,620,632
68$2,178,111$790,567$549,921$1,713,002
69$2,348,886$777,912$516,951$1,813,439
70$2,535,461$763,019$481,257$1,922,767
71$2,739,397$745,725$442,698$2,041,895
72$2,962,412$725,862$401,125$2,171,827
73$3,206,397$703,249$356,382$2,313,672
74$3,473,437$677,695$308,308$2,468,654
75$3,765,824$648,999$256,733$2,638,126
76$4,086,084$616,947$201,480$2,823,581
77$4,437,000$581,312$142,365$3,026,666
78$4,821,635$541,857$79,195$3,249,202
79$5,243,362$498,328$11,768$3,493,197
80$5,705,898$450,459$0$3,760,870
81$6,213,335$397,968$0$4,058,521
82$6,770,182$340,555$0$4,386,053
83$7,381,405$277,906$0$4,745,711
84$8,052,474$209,689$0$5,140,799
85$8,789,414$135,551$0$5,574,967
86$9,598,862$55,122$0$6,052,240
87$10,488,132$0$0$6,577,060
88$11,465,278$0$0$7,167,349
89$12,539,175$0$0$7,840,822
90$13,719,598$0$0$8,581,174
91$15,017,321$0$0$9,395,170
92$16,444,207$0$0$10,290,264
93$18,013,333$0$0$11,274,666
94$19,739,102$0$0$12,357,423
95$21,637,384$0$0$13,548,503
96$23,725,665$0$0$14,858,887
97$26,023,210$0$0$16,300,677
98$28,551,247$0$0$17,887,203
99$31,333,165$0$0$19,633,157
100$34,394,734$0$0$21,554,725