Can I retire at age 54 with 764,000?

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 $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%17.8%
1 years$63,090$62,528$61,980$61,445$60,922$58,996
2 years$31,233$30,651$30,087$29,541$29,011$27,087
3 years$20,615$20,031$19,469$18,927$18,406$16,545
4 years$15,307$14,725$14,168$13,636$13,127$11,345
5 years$12,123$11,544$10,995$10,474$9,979$8,279
6 years$10,001$9,427$8,886$8,376$7,896$6,280
7 years$8,486$7,917$7,384$6,886$6,422$4,889
8 years$7,351$6,786$6,262$5,777$5,327$3,878
9 years$6,468$5,908$5,394$4,920$4,486$3,118
10 years$5,762$5,208$4,702$4,242$3,823$2,533
11 years$5,185$4,636$4,140$3,691$3,288$2,075
12 years$4,704$4,161$3,674$3,238$2,849$1,710
13 years$4,298$3,761$3,282$2,859$2,484$1,417
14 years$3,950$3,418$2,949$2,537$2,178$1,179
15 years$3,648$3,123$2,663$2,263$1,917$984
16 years$3,385$2,865$2,414$2,026$1,695$824
17 years$3,153$2,639$2,197$1,821$1,503$691
18 years$2,946$2,438$2,005$1,641$1,336$581
19 years$2,762$2,260$1,836$1,483$1,191$489
20 years$2,597$2,100$1,685$1,343$1,064$412
21 years$2,447$1,956$1,550$1,219$952$348
22 years$2,311$1,826$1,428$1,108$853$294
23 years$2,187$1,708$1,319$1,009$766$248
24 years$2,074$1,600$1,220$920$688$210
25 years$1,970$1,501$1,130$840$619$178
26 years$1,874$1,411$1,048$769$558$151
27 years$1,785$1,328$973$703$503$128
28 years$1,703$1,251$904$644$454$108
29 years$1,626$1,181$842$591$410$92
30 years$1,555$1,115$784$542$370$78
31 years$1,489$1,054$731$498$335$66
32 years$1,427$997$682$458$303$56
33 years$1,368$944$637$421$274$47
34 years$1,313$895$595$387$248$40
35 years$1,262$849$556$357$225$34
36 years$1,213$806$520$328$204$29
37 years$1,168$765$487$303$185$25
38 years$1,124$727$456$279$167$21
39 years$1,083$692$427$257$152$18
40 years$1,045$658$400$237$138$15
41 years$1,008$626$376$219$125$13
42 years$973$597$352$202$113$11
43 years$939$568$331$186$103$9
44 years$908$542$310$172$93$8
45 years$878$517$291$159$85$7
46 years$849$493$274$147$77$6
47 years$821$470$257$136$70$5
48 years$795$449$242$125$63$4
49 years$770$429$227$116$58$3
50 years$746$410$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 $764,000, adding $6,328 every year, while hoping to spend $22,451 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: 78/11/11 Blend
53$764,000$764,000$764,000$764,000
54$848,455$807,963$796,121$912,458
55$911,110$823,666$798,904$971,137
56$979,403$839,385$801,027$1,031,961
57$1,053,886$855,099$802,445$1,098,027
58$1,135,165$870,782$803,110$1,169,848
59$1,223,910$886,407$802,971$1,247,989
60$1,320,854$901,947$801,976$1,333,074
61$1,426,807$917,369$800,069$1,425,788
62$1,542,662$932,640$797,192$1,526,887
63$1,669,399$947,725$793,283$1,637,205
64$1,808,099$962,585$788,279$1,757,657
65$1,959,951$977,178$782,113$1,889,254
66$2,126,267$991,460$774,714$2,033,110
67$2,308,488$1,005,383$766,009$2,190,451
68$2,508,204$1,018,897$755,920$2,362,628
69$2,727,165$1,031,947$744,368$2,551,130
70$2,967,298$1,044,475$731,266$2,757,598
71$3,230,726$1,056,418$716,528$2,983,839
72$3,519,789$1,067,711$700,060$3,231,846
73$3,837,061$1,078,282$681,766$3,503,814
74$4,185,379$1,088,057$661,543$3,802,160
75$4,567,870$1,096,954$639,287$4,129,550
76$4,987,976$1,104,887$614,886$4,488,922
77$5,449,489$1,111,766$588,224$4,883,510
78$5,956,588$1,117,494$559,181$5,316,883
79$6,513,875$1,121,966$527,628$5,792,970
80$7,126,421$1,125,074$493,435$6,316,103
81$7,799,814$1,126,700$456,463$6,891,053
82$8,540,207$1,126,720$416,567$7,523,082
83$9,354,382$1,125,003$373,595$8,217,984
84$10,249,809$1,121,409$327,391$8,982,150
85$11,234,721$1,115,789$277,790$9,822,617
86$12,318,185$1,107,986$224,619$10,747,143
87$13,510,195$1,097,832$167,698$11,764,279
88$14,821,760$1,085,151$106,841$12,883,446
89$16,265,011$1,069,754$41,851$14,115,027
90$17,853,313$1,051,443$0$15,470,465
91$19,601,394$1,030,007$0$16,965,599
92$21,525,481$1,005,222$0$18,616,550
93$23,643,454$976,852$0$20,433,742
94$25,975,016$944,647$0$22,434,081
95$28,541,874$908,342$0$24,636,198
96$31,367,951$867,656$0$27,060,620
97$34,479,603$822,293$0$29,729,971
98$37,905,876$771,939$0$32,669,178
99$41,678,774$716,262$0$35,905,714
100$45,833,561$654,911$0$39,469,850