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%18.6%
1 years$63,173$62,610$62,061$61,525$61,002$58,885
2 years$31,274$30,691$30,127$29,580$29,049$26,937
3 years$20,642$20,057$19,494$18,952$18,430$16,391
4 years$15,327$14,744$14,187$13,654$13,144$11,193
5 years$12,139$11,560$11,009$10,487$9,992$8,134
6 years$10,015$9,439$8,897$8,387$7,906$6,143
7 years$8,498$7,927$7,394$6,895$6,430$4,761
8 years$7,360$6,795$6,270$5,784$5,334$3,758
9 years$6,476$5,916$5,401$4,927$4,492$3,007
10 years$5,769$5,215$4,708$4,247$3,828$2,431
11 years$5,191$4,642$4,145$3,696$3,292$1,980
12 years$4,710$4,167$3,679$3,242$2,853$1,624
13 years$4,303$3,766$3,287$2,862$2,488$1,338
14 years$3,955$3,423$2,953$2,541$2,181$1,107
15 years$3,653$3,127$2,666$2,266$1,920$919
16 years$3,389$2,869$2,417$2,029$1,697$765
17 years$3,157$2,642$2,200$1,823$1,505$638
18 years$2,950$2,441$2,008$1,643$1,338$533
19 years$2,766$2,263$1,838$1,484$1,192$446
20 years$2,600$2,103$1,687$1,344$1,065$374
21 years$2,450$1,958$1,552$1,220$953$313
22 years$2,314$1,828$1,430$1,109$854$263
23 years$2,190$1,710$1,321$1,010$767$221
24 years$2,077$1,602$1,221$922$689$186
25 years$1,972$1,503$1,131$842$620$156
26 years$1,876$1,413$1,049$770$559$131
27 years$1,787$1,330$974$704$504$111
28 years$1,705$1,253$906$645$455$93
29 years$1,628$1,182$843$592$410$78
30 years$1,557$1,116$785$543$371$66
31 years$1,491$1,055$732$499$335$56
32 years$1,428$999$683$458$303$47
33 years$1,370$946$638$422$274$39
34 years$1,315$896$596$388$249$33
35 years$1,264$850$557$357$225$28
36 years$1,215$807$521$329$204$24
37 years$1,169$766$488$303$185$20
38 years$1,126$728$457$279$168$17
39 years$1,085$693$428$257$152$14
40 years$1,046$659$401$237$138$12
41 years$1,009$627$376$219$125$10
42 years$974$597$353$202$113$8
43 years$941$569$331$187$103$7
44 years$909$542$311$172$93$6
45 years$879$517$292$159$85$5
46 years$850$493$274$147$77$4
47 years$822$471$257$136$70$4
48 years$796$450$242$126$64$3
49 years$771$429$227$116$58$3
50 years$747$410$214$107$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $765,000, adding $6,427 every year, while hoping to spend $28,612 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: 56/29/15 Blend
53$765,000$765,000$765,000$765,000
54$849,659$809,114$797,257$893,571
55$905,882$818,318$793,522$933,319
56$966,880$827,014$788,703$972,933
57$1,033,110$835,146$782,734$1,015,430
58$1,105,076$842,657$775,544$1,061,089
59$1,183,330$849,484$767,061$1,110,223
60$1,268,481$855,559$757,208$1,163,175
61$1,361,196$860,812$745,905$1,220,323
62$1,462,214$865,167$733,069$1,282,086
63$1,572,344$868,545$718,611$1,348,927
64$1,692,478$870,859$702,439$1,421,355
65$1,823,599$872,018$684,458$1,499,934
66$1,966,786$871,927$664,568$1,585,286
67$2,123,229$870,482$642,662$1,678,098
68$2,294,238$867,576$618,631$1,779,127
69$2,481,254$863,092$592,359$1,889,212
70$2,685,867$856,907$563,727$2,009,275
71$2,909,822$848,893$532,609$2,140,337
72$3,155,046$838,911$498,874$2,283,523
73$3,423,658$826,815$462,384$2,440,077
74$3,717,993$812,450$422,995$2,611,368
75$4,040,621$795,653$380,558$2,798,912
76$4,394,374$776,250$334,917$3,004,378
77$4,782,371$754,056$285,907$3,229,610
78$5,208,046$728,878$233,358$3,476,641
79$5,675,183$700,510$177,091$3,747,717
80$6,187,949$668,732$116,922$4,045,315
81$6,750,935$633,315$52,654$4,372,167
82$7,369,198$594,015$0$4,731,288
83$8,048,308$550,574$0$5,128,555
84$8,794,402$502,719$0$5,574,247
85$9,614,241$450,162$0$6,064,011
86$10,515,271$392,598$0$6,602,353
87$11,505,699$329,705$0$7,194,235
88$12,594,563$261,143$0$7,845,135
89$13,791,823$186,554$0$8,561,087
90$15,108,450$105,556$0$9,348,747
91$16,556,535$17,751$0$10,215,454
92$18,149,395$0$0$11,169,298
93$19,901,705$0$0$12,243,863
94$21,829,635$0$0$13,432,434
95$23,951,000$0$0$14,740,340
96$26,285,428$0$0$16,179,693
97$28,854,548$0$0$17,763,838
98$31,682,190$0$0$19,507,482
99$34,794,613$0$0$21,426,827
100$38,220,749$0$0$23,539,727