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%17.5%
1 years$63,008$62,447$61,899$61,365$60,843$58,990
2 years$31,192$30,611$30,048$29,502$28,973$27,122
3 years$20,588$20,005$19,443$18,902$18,381$16,590
4 years$15,287$14,706$14,150$13,618$13,110$11,393
5 years$12,107$11,529$10,981$10,460$9,966$8,327
6 years$9,988$9,415$8,874$8,365$7,886$6,327
7 years$8,475$7,906$7,374$6,877$6,413$4,934
8 years$7,341$6,777$6,254$5,769$5,320$3,920
9 years$6,459$5,901$5,387$4,914$4,480$3,158
10 years$5,754$5,201$4,696$4,236$3,818$2,570
11 years$5,178$4,630$4,134$3,687$3,283$2,109
12 years$4,698$4,156$3,669$3,234$2,845$1,742
13 years$4,292$3,756$3,278$2,855$2,481$1,446
14 years$3,944$3,414$2,945$2,534$2,175$1,206
15 years$3,643$3,119$2,659$2,260$1,915$1,009
16 years$3,380$2,861$2,411$2,024$1,692$846
17 years$3,148$2,635$2,194$1,818$1,501$711
18 years$2,943$2,435$2,003$1,639$1,334$599
19 years$2,759$2,257$1,834$1,481$1,189$506
20 years$2,593$2,097$1,683$1,341$1,062$427
21 years$2,444$1,953$1,548$1,217$951$361
22 years$2,308$1,823$1,426$1,107$852$306
23 years$2,184$1,705$1,317$1,008$765$259
24 years$2,071$1,598$1,218$919$688$220
25 years$1,967$1,499$1,128$839$619$186
26 years$1,871$1,409$1,046$767$557$158
27 years$1,783$1,326$972$703$502$134
28 years$1,701$1,250$903$644$453$114
29 years$1,624$1,179$841$590$409$97
30 years$1,553$1,113$783$542$370$82
31 years$1,487$1,053$730$497$334$70
32 years$1,425$996$681$457$302$60
33 years$1,366$943$636$420$274$51
34 years$1,312$894$594$387$248$43
35 years$1,260$848$555$356$224$37
36 years$1,212$805$520$328$203$31
37 years$1,166$764$486$302$184$27
38 years$1,123$726$455$279$167$23
39 years$1,082$691$427$257$152$19
40 years$1,043$657$400$237$137$16
41 years$1,006$626$375$219$125$14
42 years$971$596$352$202$113$12
43 years$938$568$330$186$103$10
44 years$907$541$310$172$93$9
45 years$876$516$291$159$85$7
46 years$848$492$273$147$77$6
47 years$820$470$257$135$70$5
48 years$794$448$241$125$63$4
49 years$769$428$227$116$58$4
50 years$745$409$213$107$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $763,000, adding $2,520 every year, while hoping to spend $22,266 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: 48/29/23 Blend
53$763,000$763,000$763,000$763,000
54$843,425$802,986$791,160$878,293
55$905,764$818,642$793,973$918,562
56$973,715$834,318$796,134$959,841
57$1,047,827$849,993$797,597$1,004,214
58$1,128,704$865,642$798,316$1,051,983
59$1,217,012$881,238$798,240$1,103,479
60$1,313,483$896,754$797,316$1,159,068
61$1,418,922$912,159$795,490$1,219,155
62$1,534,216$927,420$792,704$1,284,185
63$1,660,344$942,501$788,897$1,354,651
64$1,798,381$957,365$784,006$1,431,093
65$1,949,510$971,970$777,965$1,514,112
66$2,115,037$986,274$770,704$1,604,367
67$2,296,399$1,000,229$762,150$1,702,586
68$2,495,176$1,013,785$752,227$1,809,573
69$2,713,112$1,026,888$740,855$1,926,214
70$2,952,125$1,039,482$727,949$2,053,488
71$3,214,330$1,051,504$713,423$2,192,472
72$3,502,053$1,062,889$697,185$2,344,357
73$3,817,860$1,073,568$679,138$2,510,454
74$4,164,575$1,083,466$659,182$2,692,213
75$4,545,310$1,092,504$637,213$2,891,229
76$4,963,492$1,100,597$613,120$3,109,264
77$5,422,897$1,107,656$586,788$3,348,260
78$5,927,685$1,113,583$558,098$3,610,361
79$6,482,439$1,118,279$526,924$3,897,929
80$7,092,206$1,121,633$493,135$4,213,572
81$7,762,549$1,123,532$456,593$4,560,163
82$8,499,596$1,123,851$417,156$4,940,873
83$9,310,098$1,122,463$374,674$5,359,197
84$10,201,493$1,119,228$328,990$5,818,992
85$11,181,975$1,114,000$279,941$6,324,508
86$12,260,574$1,106,624$227,357$6,880,435
87$13,447,239$1,096,935$171,059$7,491,941
88$14,752,930$1,084,757$110,862$8,164,729
89$16,189,724$1,069,906$46,572$8,905,083
90$17,770,930$1,052,186$0$9,719,935
91$19,511,209$1,031,387$0$10,622,336
92$21,426,718$1,007,290$0$11,627,853
93$23,535,257$979,661$0$12,734,389
94$25,856,442$948,254$0$13,952,244
95$28,411,887$912,805$0$15,292,771
96$31,225,406$873,040$0$16,768,483
97$34,323,244$828,665$0$18,393,171
98$37,734,315$779,370$0$20,182,037
99$41,490,484$724,828$0$22,151,836
100$45,626,860$664,692$0$24,321,032