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%15.2%
1 years$63,173$62,610$62,061$61,525$61,002$59,697
2 years$31,274$30,691$30,127$29,580$29,049$27,740
3 years$20,642$20,057$19,494$18,952$18,430$17,159
4 years$15,327$14,744$14,187$13,654$13,144$11,921
5 years$12,139$11,560$11,009$10,487$9,992$8,819
6 years$10,015$9,439$8,897$8,387$7,906$6,785
7 years$8,498$7,927$7,394$6,895$6,430$5,361
8 years$7,360$6,795$6,270$5,784$5,334$4,317
9 years$6,476$5,916$5,401$4,927$4,492$3,526
10 years$5,769$5,215$4,708$4,247$3,828$2,912
11 years$5,191$4,642$4,145$3,696$3,292$2,425
12 years$4,710$4,167$3,679$3,242$2,853$2,033
13 years$4,303$3,766$3,287$2,862$2,488$1,714
14 years$3,955$3,423$2,953$2,541$2,181$1,452
15 years$3,653$3,127$2,666$2,266$1,920$1,234
16 years$3,389$2,869$2,417$2,029$1,697$1,052
17 years$3,157$2,642$2,200$1,823$1,505$900
18 years$2,950$2,441$2,008$1,643$1,338$771
19 years$2,766$2,263$1,838$1,484$1,192$662
20 years$2,600$2,103$1,687$1,344$1,065$569
21 years$2,450$1,958$1,552$1,220$953$490
22 years$2,314$1,828$1,430$1,109$854$422
23 years$2,190$1,710$1,321$1,010$767$364
24 years$2,077$1,602$1,221$922$689$315
25 years$1,972$1,503$1,131$842$620$272
26 years$1,876$1,413$1,049$770$559$235
27 years$1,787$1,330$974$704$504$203
28 years$1,705$1,253$906$645$455$176
29 years$1,628$1,182$843$592$410$152
30 years$1,557$1,116$785$543$371$132
31 years$1,491$1,055$732$499$335$114
32 years$1,428$999$683$458$303$99
33 years$1,370$946$638$422$274$86
34 years$1,315$896$596$388$249$74
35 years$1,264$850$557$357$225$65
36 years$1,215$807$521$329$204$56
37 years$1,169$766$488$303$185$49
38 years$1,126$728$457$279$168$42
39 years$1,085$693$428$257$152$37
40 years$1,046$659$401$237$138$32
41 years$1,009$627$376$219$125$28
42 years$974$597$353$202$113$24
43 years$941$569$331$187$103$21
44 years$909$542$311$172$93$18
45 years$879$517$292$159$85$16
46 years$850$493$274$147$77$14
47 years$822$471$257$136$70$12
48 years$796$450$242$126$64$10
49 years$771$429$227$116$58$9
50 years$747$410$214$107$52$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $765,000, adding $3,916 every year, while hoping to spend $23,108 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: 30/43/27 Blend
53$765,000$765,000$765,000$765,000
54$847,069$806,524$794,667$865,343
55$908,884$821,457$796,701$894,820
56$976,229$836,348$798,030$924,218
57$1,049,644$851,168$798,604$955,383
58$1,129,723$865,892$798,373$988,485
59$1,217,121$880,486$797,284$1,023,709
60$1,312,556$894,919$795,282$1,061,265
61$1,416,822$909,155$792,309$1,101,382
62$1,530,790$923,155$788,303$1,144,313
63$1,655,420$936,879$783,201$1,190,341
64$1,791,769$950,283$776,935$1,239,776
65$1,941,003$963,320$769,435$1,292,963
66$2,104,402$975,940$760,628$1,350,282
67$2,283,379$988,089$750,437$1,412,154
68$2,479,488$999,709$738,781$1,479,045
69$2,694,440$1,010,740$725,575$1,551,469
70$2,930,123$1,021,115$710,731$1,629,996
71$3,188,611$1,030,766$694,156$1,715,255
72$3,472,193$1,039,618$675,755$1,807,943
73$3,783,389$1,047,591$655,424$1,908,827
74$4,124,973$1,054,601$633,059$2,018,758
75$4,500,002$1,060,559$608,549$2,138,675
76$4,911,845$1,065,368$581,777$2,269,617
77$5,364,210$1,068,928$552,624$2,412,729
78$5,861,183$1,071,129$520,961$2,569,279
79$6,407,268$1,071,859$486,657$2,740,667
80$7,007,422$1,070,993$449,573$2,928,439
81$7,667,111$1,068,404$409,566$3,134,303
82$8,392,354$1,063,952$366,483$3,360,143
83$9,189,782$1,057,494$320,168$3,608,045
84$10,066,702$1,048,873$270,456$3,880,306
85$11,031,164$1,037,927$217,175$4,179,467
86$12,092,037$1,024,480$160,145$4,508,332
87$13,259,094$1,008,348$99,179$4,869,995
88$14,543,101$989,337$34,081$5,267,874
89$15,955,922$967,239$0$5,705,740
90$17,510,627$941,835$0$6,197,953
91$19,221,619$912,893$0$6,750,051
92$21,104,767$880,167$0$7,357,342
93$23,177,556$843,398$0$8,025,488
94$25,459,253$802,311$0$8,760,734
95$27,971,087$756,614$0$9,569,967
96$30,736,450$706,000$0$10,460,781
97$33,781,118$650,144$0$11,441,550
98$37,133,492$588,702$0$12,521,508
99$40,824,870$521,310$0$13,710,838
100$44,889,738$447,585$0$15,020,766