Can I retire at age 54 with 763,000?

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 $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%11.3%
1 years$63,008$62,447$61,899$61,365$60,843$60,510
2 years$31,192$30,611$30,048$29,502$28,973$28,637
3 years$20,588$20,005$19,443$18,902$18,381$18,053
4 years$15,287$14,706$14,150$13,618$13,110$12,791
5 years$12,107$11,529$10,981$10,460$9,966$9,658
6 years$9,988$9,415$8,874$8,365$7,886$7,589
7 years$8,475$7,906$7,374$6,877$6,413$6,128
8 years$7,341$6,777$6,254$5,769$5,320$5,047
9 years$6,459$5,901$5,387$4,914$4,480$4,218
10 years$5,754$5,201$4,696$4,236$3,818$3,567
11 years$5,178$4,630$4,134$3,687$3,283$3,043
12 years$4,698$4,156$3,669$3,234$2,845$2,616
13 years$4,292$3,756$3,278$2,855$2,481$2,263
14 years$3,944$3,414$2,945$2,534$2,175$1,967
15 years$3,643$3,119$2,659$2,260$1,915$1,717
16 years$3,380$2,861$2,411$2,024$1,692$1,504
17 years$3,148$2,635$2,194$1,818$1,501$1,322
18 years$2,943$2,435$2,003$1,639$1,334$1,165
19 years$2,759$2,257$1,834$1,481$1,189$1,029
20 years$2,593$2,097$1,683$1,341$1,062$911
21 years$2,444$1,953$1,548$1,217$951$807
22 years$2,308$1,823$1,426$1,107$852$717
23 years$2,184$1,705$1,317$1,008$765$637
24 years$2,071$1,598$1,218$919$688$567
25 years$1,967$1,499$1,128$839$619$505
26 years$1,871$1,409$1,046$767$557$451
27 years$1,783$1,326$972$703$502$402
28 years$1,701$1,250$903$644$453$359
29 years$1,624$1,179$841$590$409$321
30 years$1,553$1,113$783$542$370$287
31 years$1,487$1,053$730$497$334$257
32 years$1,425$996$681$457$302$230
33 years$1,366$943$636$420$274$206
34 years$1,312$894$594$387$248$184
35 years$1,260$848$555$356$224$165
36 years$1,212$805$520$328$203$148
37 years$1,166$764$486$302$184$133
38 years$1,123$726$455$279$167$119
39 years$1,082$691$427$257$152$107
40 years$1,043$657$400$237$137$96
41 years$1,006$626$375$219$125$86
42 years$971$596$352$202$113$77
43 years$938$568$330$186$103$69
44 years$907$541$310$172$93$62
45 years$876$516$291$159$85$56
46 years$848$492$273$147$77$50
47 years$820$470$257$135$70$45
48 years$794$448$241$125$63$40
49 years$769$428$227$116$58$36
50 years$745$409$213$107$52$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $763,000, adding $5,555 every year, while hoping to spend $54,020 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: 39/40/21 Blend
53$763,000$763,000$763,000$763,000
54$846,556$806,117$794,290$874,088
55$875,428$788,140$763,422$876,452
56$905,434$767,471$729,710$873,479
57$936,633$743,922$693,000$869,163
58$969,089$717,293$653,134$863,414
59$1,002,867$687,372$609,946$856,135
60$1,038,042$653,936$563,261$847,226
61$1,074,690$616,746$512,898$836,582
62$1,112,895$575,554$458,667$824,092
63$1,152,748$530,093$400,370$809,642
64$1,194,345$480,085$337,799$793,110
65$1,237,792$425,233$270,739$774,371
66$1,283,202$365,224$198,963$753,294
67$1,330,696$299,728$122,237$729,741
68$1,380,408$228,396$40,313$703,569
69$1,432,482$150,859$0$674,631
70$1,487,072$66,728$0$653,327
71$1,544,347$0$0$639,268
72$1,604,490$0$0$634,050
73$1,667,701$0$0$659,467
74$1,734,194$0$0$686,241
75$1,804,207$0$0$714,470
76$1,877,994$0$0$744,262
77$1,955,835$0$0$775,736
78$2,038,033$0$0$809,021
79$2,124,921$0$0$844,257
80$2,216,861$0$0$881,597
81$2,314,246$0$0$921,210
82$2,417,511$0$0$963,279
83$2,527,125$0$0$1,008,004
84$2,643,605$0$0$1,055,604
85$2,767,515$0$0$1,106,321
86$2,899,474$0$0$1,160,416
87$3,040,158$0$0$1,218,179
88$3,190,306$0$0$1,279,924
89$3,350,731$0$0$1,345,999
90$3,522,323$0$0$1,416,782
91$3,706,056$0$0$1,492,690
92$3,903,000$0$0$1,574,180
93$4,114,329$0$0$1,661,752
94$4,341,330$0$0$1,755,958
95$4,585,416$0$0$1,857,401
96$4,848,139$0$0$1,966,744
97$5,131,203$0$0$2,084,717
98$5,436,478$0$0$2,212,121
99$5,766,022$0$0$2,349,834
100$6,122,091$0$0$2,498,825