Can I retire at age 54 with 763,000?

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 $763,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$63,008$62,447$61,899$61,365$60,843$59,276
2 years$31,192$30,611$30,048$29,502$28,973$27,404
3 years$20,588$20,005$19,443$18,902$18,381$16,861
4 years$15,287$14,706$14,150$13,618$13,110$11,649
5 years$12,107$11,529$10,981$10,460$9,966$8,568
6 years$9,988$9,415$8,874$8,365$7,886$6,553
7 years$8,475$7,906$7,374$6,877$6,413$5,145
8 years$7,341$6,777$6,254$5,769$5,320$4,117
9 years$6,459$5,901$5,387$4,914$4,480$3,340
10 years$5,754$5,201$4,696$4,236$3,818$2,740
11 years$5,178$4,630$4,134$3,687$3,283$2,266
12 years$4,698$4,156$3,669$3,234$2,845$1,886
13 years$4,292$3,756$3,278$2,855$2,481$1,579
14 years$3,944$3,414$2,945$2,534$2,175$1,327
15 years$3,643$3,119$2,659$2,260$1,915$1,119
16 years$3,380$2,861$2,411$2,024$1,692$947
17 years$3,148$2,635$2,194$1,818$1,501$803
18 years$2,943$2,435$2,003$1,639$1,334$683
19 years$2,759$2,257$1,834$1,481$1,189$581
20 years$2,593$2,097$1,683$1,341$1,062$496
21 years$2,444$1,953$1,548$1,217$951$423
22 years$2,308$1,823$1,426$1,107$852$362
23 years$2,184$1,705$1,317$1,008$765$309
24 years$2,071$1,598$1,218$919$688$265
25 years$1,967$1,499$1,128$839$619$227
26 years$1,871$1,409$1,046$767$557$194
27 years$1,783$1,326$972$703$502$167
28 years$1,701$1,250$903$644$453$143
29 years$1,624$1,179$841$590$409$123
30 years$1,553$1,113$783$542$370$105
31 years$1,487$1,053$730$497$334$90
32 years$1,425$996$681$457$302$78
33 years$1,366$943$636$420$274$67
34 years$1,312$894$594$387$248$57
35 years$1,260$848$555$356$224$49
36 years$1,212$805$520$328$203$42
37 years$1,166$764$486$302$184$36
38 years$1,123$726$455$279$167$31
39 years$1,082$691$427$257$152$27
40 years$1,043$657$400$237$137$23
41 years$1,006$626$375$219$125$20
42 years$971$596$352$202$113$17
43 years$938$568$330$186$103$15
44 years$907$541$310$172$93$13
45 years$876$516$291$159$85$11
46 years$848$492$273$147$77$9
47 years$820$470$257$135$70$8
48 years$794$448$241$125$63$7
49 years$769$428$227$116$58$6
50 years$745$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 $763,000, adding $4,699 every year, while hoping to spend $53,767 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: 51/38/11 Blend
53$763,000$763,000$763,000$763,000
54$845,673$805,234$793,408$886,106
55$874,724$787,483$762,779$896,487
56$904,936$767,060$729,322$901,656
57$936,371$743,777$692,886$906,039
58$969,095$717,436$653,312$909,574
59$1,003,179$687,827$610,434$912,199
60$1,038,700$654,727$564,080$913,850
61$1,075,739$617,901$514,069$914,458
62$1,114,386$577,099$460,212$913,952
63$1,154,736$532,059$402,311$912,260
64$1,196,892$482,503$340,161$909,305
65$1,240,965$428,137$273,547$905,007
66$1,287,077$368,649$202,245$899,287
67$1,335,358$303,711$126,019$892,058
68$1,385,948$232,977$44,624$883,236
69$1,439,002$156,080$0$872,732
70$1,494,686$72,633$0$865,411
71$1,553,180$0$0$862,135
72$1,614,680$0$0$865,032
73$1,679,400$0$0$900,068
74$1,747,573$0$0$937,003
75$1,819,450$0$0$975,977
76$1,895,308$0$0$1,017,144
77$1,975,448$0$0$1,060,670
78$2,060,196$0$0$1,106,739
79$2,149,912$0$0$1,155,550
80$2,244,984$0$0$1,207,321
81$2,345,842$0$0$1,262,291
82$2,452,950$0$0$1,320,721
83$2,566,821$0$0$1,382,895
84$2,688,012$0$0$1,449,126
85$2,817,135$0$0$1,519,755
86$2,954,859$0$0$1,595,157
87$3,101,917$0$0$1,675,743
88$3,259,114$0$0$1,761,962
89$3,427,331$0$0$1,854,306
90$3,607,532$0$0$1,953,318
91$3,800,779$0$0$2,059,589
92$4,008,233$0$0$2,173,772
93$4,231,171$0$0$2,296,581
94$4,470,992$0$0$2,428,800
95$4,729,234$0$0$2,571,292
96$5,007,587$0$0$2,725,003
97$5,307,904$0$0$2,890,973
98$5,632,225$0$0$3,070,344
99$5,982,787$0$0$3,264,372
100$6,362,054$0$0$3,474,438