Can I retire at age 54 with 765,000?

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 $765,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$63,173$62,610$62,061$61,525$61,002$59,771
2 years$31,274$30,691$30,127$29,580$29,049$27,813
3 years$20,642$20,057$19,494$18,952$18,430$17,229
4 years$15,327$14,744$14,187$13,654$13,144$11,987
5 years$12,139$11,560$11,009$10,487$9,992$8,882
6 years$10,015$9,439$8,897$8,387$7,906$6,845
7 years$8,498$7,927$7,394$6,895$6,430$5,418
8 years$7,360$6,795$6,270$5,784$5,334$4,370
9 years$6,476$5,916$5,401$4,927$4,492$3,576
10 years$5,769$5,215$4,708$4,247$3,828$2,958
11 years$5,191$4,642$4,145$3,696$3,292$2,468
12 years$4,710$4,167$3,679$3,242$2,853$2,074
13 years$4,303$3,766$3,287$2,862$2,488$1,752
14 years$3,955$3,423$2,953$2,541$2,181$1,487
15 years$3,653$3,127$2,666$2,266$1,920$1,267
16 years$3,389$2,869$2,417$2,029$1,697$1,082
17 years$3,157$2,642$2,200$1,823$1,505$927
18 years$2,950$2,441$2,008$1,643$1,338$796
19 years$2,766$2,263$1,838$1,484$1,192$685
20 years$2,600$2,103$1,687$1,344$1,065$590
21 years$2,450$1,958$1,552$1,220$953$509
22 years$2,314$1,828$1,430$1,109$854$440
23 years$2,190$1,710$1,321$1,010$767$381
24 years$2,077$1,602$1,221$922$689$329
25 years$1,972$1,503$1,131$842$620$285
26 years$1,876$1,413$1,049$770$559$247
27 years$1,787$1,330$974$704$504$214
28 years$1,705$1,253$906$645$455$186
29 years$1,628$1,182$843$592$410$162
30 years$1,557$1,116$785$543$371$140
31 years$1,491$1,055$732$499$335$122
32 years$1,428$999$683$458$303$106
33 years$1,370$946$638$422$274$92
34 years$1,315$896$596$388$249$80
35 years$1,264$850$557$357$225$69
36 years$1,215$807$521$329$204$60
37 years$1,169$766$488$303$185$53
38 years$1,126$728$457$279$168$46
39 years$1,085$693$428$257$152$40
40 years$1,046$659$401$237$138$35
41 years$1,009$627$376$219$125$30
42 years$974$597$353$202$113$26
43 years$941$569$331$187$103$23
44 years$909$542$311$172$93$20
45 years$879$517$292$159$85$17
46 years$850$493$274$147$77$15
47 years$822$471$257$136$70$13
48 years$796$450$242$126$64$11
49 years$771$429$227$116$58$10
50 years$747$410$214$107$52$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $765,000, adding $6,744 every year, while hoping to spend $41,551 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: 77/12/11 Blend
53$765,000$765,000$765,000$765,000
54$849,986$809,441$797,584$913,200
55$892,475$804,894$780,093$951,201
56$937,905$798,731$760,624$986,884
57$986,532$790,830$739,065$1,024,827
58$1,038,638$781,060$715,303$1,065,240
59$1,094,530$769,283$689,217$1,108,353
60$1,154,546$755,352$660,680$1,154,420
61$1,219,058$739,112$629,561$1,203,722
62$1,288,472$720,399$595,722$1,256,568
63$1,363,237$699,039$559,019$1,313,300
64$1,443,843$674,848$519,301$1,374,294
65$1,530,829$647,630$476,413$1,439,966
66$1,624,789$617,180$430,188$1,510,774
67$1,726,375$583,278$380,456$1,587,224
68$1,836,301$545,695$327,038$1,669,876
69$1,955,356$504,186$269,746$1,759,344
70$2,084,404$458,494$208,384$1,856,308
71$2,224,399$408,345$142,750$1,961,520
72$2,376,385$353,451$72,630$2,075,806
73$2,541,514$293,508$0$2,200,080
74$2,721,052$228,194$0$2,335,608
75$2,916,394$157,169$0$2,492,358
76$3,129,070$80,075$0$2,663,052
77$3,360,768$0$0$2,849,072
78$3,613,345$0$0$3,052,403
79$3,888,842$0$0$3,285,742
80$4,189,508$0$0$3,540,426
81$4,517,819$0$0$3,818,553
82$4,876,498$0$0$4,122,434
83$5,268,545$0$0$4,454,614
84$5,697,262$0$0$4,817,895
85$6,166,285$0$0$5,215,361
86$6,679,617$0$0$5,650,409
87$7,241,667$0$0$6,126,779
88$7,857,289$0$0$6,648,590
89$8,531,829$0$0$7,220,377
90$9,271,174$0$0$7,847,136
91$10,081,810$0$0$8,534,368
92$10,970,877$0$0$9,288,133
93$11,946,241$0$0$10,115,104
94$13,016,567$0$0$11,022,633
95$14,191,399$0$0$12,018,818
96$15,481,248$0$0$13,112,577
97$16,897,695$0$0$14,313,737
98$18,453,497$0$0$15,633,121
99$20,162,706$0$0$17,082,652
100$22,040,803$0$0$18,675,467