Can I retire at age 54 with 762,000?

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 $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%12.4%
1 years$62,925$62,365$61,818$61,284$60,763$60,153
2 years$31,151$30,571$30,009$29,464$28,935$28,321
3 years$20,561$19,978$19,418$18,878$18,357$17,758
4 years$15,267$14,686$14,131$13,600$13,093$12,513
5 years$12,092$11,514$10,966$10,446$9,953$9,394
6 years$9,975$9,402$8,862$8,354$7,875$7,338
7 years$8,464$7,896$7,365$6,868$6,405$5,889
8 years$7,331$6,768$6,246$5,762$5,313$4,820
9 years$6,451$5,893$5,380$4,908$4,475$4,003
10 years$5,747$5,194$4,690$4,230$3,813$3,362
11 years$5,171$4,624$4,129$3,682$3,279$2,849
12 years$4,692$4,151$3,664$3,229$2,841$2,433
13 years$4,286$3,751$3,274$2,851$2,478$2,089
14 years$3,939$3,409$2,942$2,531$2,172$1,803
15 years$3,639$3,115$2,656$2,257$1,912$1,562
16 years$3,376$2,858$2,408$2,021$1,690$1,359
17 years$3,144$2,632$2,191$1,816$1,499$1,185
18 years$2,939$2,432$2,000$1,636$1,333$1,036
19 years$2,755$2,254$1,831$1,479$1,188$908
20 years$2,590$2,094$1,680$1,339$1,061$797
21 years$2,441$1,951$1,546$1,215$949$701
22 years$2,305$1,821$1,425$1,105$851$617
23 years$2,181$1,703$1,315$1,006$764$544
24 years$2,068$1,596$1,217$918$687$480
25 years$1,965$1,497$1,127$838$618$424
26 years$1,869$1,407$1,045$766$557$375
27 years$1,780$1,325$970$702$502$332
28 years$1,698$1,248$902$643$453$294
29 years$1,622$1,177$839$589$409$260
30 years$1,551$1,112$782$541$369$231
31 years$1,485$1,051$729$497$334$204
32 years$1,423$995$680$457$302$181
33 years$1,365$942$635$420$273$161
34 years$1,310$893$593$386$248$143
35 years$1,259$847$555$356$224$127
36 years$1,210$804$519$328$203$113
37 years$1,165$763$486$302$184$100
38 years$1,121$725$455$278$167$89
39 years$1,080$690$426$256$151$79
40 years$1,042$656$399$237$137$70
41 years$1,005$625$375$218$125$62
42 years$970$595$351$201$113$55
43 years$937$567$330$186$103$49
44 years$905$540$309$172$93$44
45 years$875$515$291$159$85$39
46 years$847$492$273$146$77$35
47 years$819$469$256$135$70$31
48 years$793$448$241$125$63$27
49 years$768$428$226$116$57$24
50 years$744$409$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 $762,000, adding $2,551 every year, while hoping to spend $23,283 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: 63/11/26 Blend
53$762,000$762,000$762,000$762,000
54$842,355$801,969$790,158$889,470
55$903,503$816,493$791,856$936,202
56$970,107$830,948$792,830$984,433
57$1,042,699$845,306$793,031$1,036,605
58$1,121,866$859,538$792,409$1,093,108
59$1,208,252$873,610$790,910$1,154,370
60$1,302,565$887,488$788,477$1,220,865
61$1,405,587$901,136$785,052$1,293,114
62$1,518,177$914,512$780,571$1,371,694
63$1,641,282$927,574$774,971$1,457,240
64$1,775,944$940,276$768,184$1,550,450
65$1,923,309$952,569$760,137$1,652,097
66$2,084,642$964,400$750,757$1,763,032
67$2,261,333$975,713$739,965$1,884,193
68$2,454,914$986,448$727,679$2,016,615
69$2,667,073$996,541$713,813$2,161,439
70$2,899,667$1,005,925$698,279$2,319,922
71$3,154,744$1,014,525$680,982$2,493,453
72$3,434,556$1,022,266$661,823$2,683,561
73$3,741,587$1,029,063$640,701$2,891,933
74$4,078,572$1,034,830$617,507$3,120,428
75$4,448,522$1,039,472$592,129$3,371,096
76$4,854,756$1,042,891$564,450$3,646,199
77$5,300,930$1,044,981$534,348$3,948,229
78$5,791,069$1,045,630$501,693$4,279,934
79$6,329,610$1,044,717$466,351$4,644,344
80$6,921,439$1,042,118$428,183$5,044,800
81$7,571,940$1,037,696$387,042$5,484,985
82$8,287,045$1,031,310$342,775$5,968,959
83$9,073,288$1,022,809$295,222$6,501,198
84$9,937,868$1,012,031$244,216$7,086,638
85$10,888,717$998,807$189,584$7,730,718
86$11,934,574$982,956$131,143$8,439,437
87$13,085,067$964,287$68,703$9,219,406
88$14,350,805$942,599$2,066$10,077,914
89$15,743,477$917,676$0$11,022,995
90$17,275,962$889,292$0$12,082,662
91$18,962,449$857,207$0$13,249,381
92$20,818,575$821,166$0$14,533,403
93$22,861,568$780,901$0$15,946,656
94$25,110,409$736,127$0$17,502,288
95$27,586,017$686,544$0$19,214,784
96$30,311,439$631,832$0$21,100,109
97$33,312,071$571,657$0$23,175,854
98$36,615,896$505,663$0$25,461,407
99$40,253,751$433,473$0$27,978,130
100$44,259,612$354,692$0$30,749,567