Can I retire at age 54 with 764,000?

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 $764,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$63,090$62,528$61,980$61,445$60,922$60,412
2 years$31,233$30,651$30,087$29,541$29,011$28,496
3 years$20,615$20,031$19,469$18,927$18,406$17,903
4 years$15,307$14,725$14,168$13,636$13,127$12,640
5 years$12,123$11,544$10,995$10,474$9,979$9,509
6 years$10,001$9,427$8,886$8,376$7,896$7,444
7 years$8,486$7,917$7,384$6,886$6,422$5,988
8 years$7,351$6,786$6,262$5,777$5,327$4,912
9 years$6,468$5,908$5,394$4,920$4,486$4,089
10 years$5,762$5,208$4,702$4,242$3,823$3,443
11 years$5,185$4,636$4,140$3,691$3,288$2,925
12 years$4,704$4,161$3,674$3,238$2,849$2,503
13 years$4,298$3,761$3,282$2,859$2,484$2,155
14 years$3,950$3,418$2,949$2,537$2,178$1,865
15 years$3,648$3,123$2,663$2,263$1,917$1,621
16 years$3,385$2,865$2,414$2,026$1,695$1,413
17 years$3,153$2,639$2,197$1,821$1,503$1,236
18 years$2,946$2,438$2,005$1,641$1,336$1,084
19 years$2,762$2,260$1,836$1,483$1,191$952
20 years$2,597$2,100$1,685$1,343$1,064$838
21 years$2,447$1,956$1,550$1,219$952$739
22 years$2,311$1,826$1,428$1,108$853$653
23 years$2,187$1,708$1,319$1,009$766$578
24 years$2,074$1,600$1,220$920$688$511
25 years$1,970$1,501$1,130$840$619$453
26 years$1,874$1,411$1,048$769$558$402
27 years$1,785$1,328$973$703$503$357
28 years$1,703$1,251$904$644$454$317
29 years$1,626$1,181$842$591$410$282
30 years$1,555$1,115$784$542$370$250
31 years$1,489$1,054$731$498$335$223
32 years$1,427$997$682$458$303$198
33 years$1,368$944$637$421$274$176
34 years$1,313$895$595$387$248$157
35 years$1,262$849$556$357$225$140
36 years$1,213$806$520$328$204$125
37 years$1,168$765$487$303$185$111
38 years$1,124$727$456$279$167$99
39 years$1,083$692$427$257$152$88
40 years$1,045$658$400$237$138$79
41 years$1,008$626$376$219$125$70
42 years$973$597$352$202$113$63
43 years$939$568$331$186$103$56
44 years$908$542$310$172$93$50
45 years$878$517$291$159$85$44
46 years$849$493$274$147$77$40
47 years$821$470$257$136$70$35
48 years$795$449$242$125$63$32
49 years$770$429$227$116$58$28
50 years$746$410$213$107$52$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $764,000, adding $5,717 every year, while hoping to spend $58,198 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: 47/38/15 Blend
53$764,000$764,000$764,000$764,000
54$847,825$807,333$795,491$883,841
55$872,381$784,970$760,218$887,031
56$897,491$759,561$721,812$884,094
57$923,150$730,895$680,108$879,636
58$949,352$698,748$634,932$873,538
59$976,085$662,886$586,101$865,671
60$1,003,336$623,059$533,426$855,902
61$1,031,090$579,002$476,709$844,085
62$1,059,325$530,436$415,743$830,067
63$1,088,016$477,068$350,311$813,684
64$1,117,134$418,585$280,186$794,760
65$1,146,643$354,657$205,134$773,111
66$1,176,503$284,937$124,908$748,539
67$1,206,665$209,058$39,251$720,831
68$1,237,073$126,630$0$689,763
69$1,267,664$37,244$0$663,444
70$1,298,364$0$0$640,516
71$1,329,089$0$0$639,359
72$1,359,745$0$0$653,692
73$1,390,222$0$0$667,885
74$1,420,400$0$0$681,872
75$1,450,139$0$0$695,580
76$1,479,285$0$0$708,927
77$1,507,663$0$0$721,822
78$1,535,076$0$0$734,160
79$1,561,304$0$0$745,826
80$1,586,102$0$0$756,690
81$1,609,194$0$0$766,609
82$1,630,273$0$0$775,420
83$1,648,995$0$0$782,945
84$1,664,979$0$0$788,983
85$1,677,798$0$0$793,311
86$1,686,979$0$0$795,682
87$1,691,995$0$0$795,821
88$1,692,260$0$0$793,422
89$1,687,125$0$0$788,145
90$1,675,866$0$0$779,615
91$1,657,684$0$0$767,413
92$1,631,690$0$0$751,078
93$1,596,899$0$0$730,096
94$1,552,221$0$0$703,900
95$1,496,448$0$0$671,862
96$1,428,242$0$0$633,284
97$1,346,123$0$0$587,397
98$1,248,451$0$0$533,350
99$1,133,416$0$0$470,201
100$999,011$0$0$396,907