Can I retire at age 54 with 766,000?

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 $766,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$63,256$62,692$62,142$61,606$61,082$58,985
2 years$31,315$30,731$30,166$29,618$29,087$26,995
3 years$20,669$20,083$19,520$18,977$18,454$16,434
4 years$15,347$14,763$14,205$13,672$13,161$11,228
5 years$12,155$11,575$11,024$10,501$10,005$8,164
6 years$10,028$9,452$8,909$8,398$7,917$6,169
7 years$8,509$7,937$7,403$6,904$6,438$4,784
8 years$7,370$6,804$6,279$5,792$5,341$3,778
9 years$6,485$5,924$5,408$4,933$4,498$3,025
10 years$5,777$5,222$4,715$4,253$3,833$2,447
11 years$5,198$4,649$4,151$3,701$3,296$1,995
12 years$4,716$4,172$3,684$3,246$2,856$1,637
13 years$4,309$3,771$3,291$2,866$2,491$1,350
14 years$3,960$3,427$2,957$2,544$2,183$1,117
15 years$3,658$3,131$2,670$2,269$1,922$928
16 years$3,394$2,873$2,421$2,032$1,699$773
17 years$3,161$2,646$2,203$1,825$1,507$645
18 years$2,954$2,445$2,011$1,645$1,340$539
19 years$2,769$2,266$1,841$1,486$1,194$452
20 years$2,603$2,105$1,689$1,346$1,066$379
21 years$2,453$1,961$1,554$1,222$954$318
22 years$2,317$1,831$1,432$1,111$855$267
23 years$2,193$1,712$1,322$1,012$768$225
24 years$2,079$1,604$1,223$923$690$189
25 years$1,975$1,505$1,133$843$621$159
26 years$1,879$1,415$1,050$771$559$134
27 years$1,790$1,331$975$705$504$113
28 years$1,707$1,255$907$646$455$95
29 years$1,631$1,184$844$593$411$80
30 years$1,559$1,118$786$544$371$67
31 years$1,493$1,057$733$499$336$57
32 years$1,430$1,000$684$459$304$48
33 years$1,372$947$638$422$275$40
34 years$1,317$897$596$388$249$34
35 years$1,265$851$558$358$225$29
36 years$1,217$808$522$329$204$24
37 years$1,171$767$488$303$185$20
38 years$1,127$729$457$280$168$17
39 years$1,086$693$428$258$152$15
40 years$1,047$660$402$238$138$12
41 years$1,010$628$377$219$125$10
42 years$975$598$353$202$114$9
43 years$942$570$331$187$103$7
44 years$910$543$311$173$94$6
45 years$880$518$292$159$85$5
46 years$851$494$274$147$77$4
47 years$823$472$258$136$70$4
48 years$797$450$242$126$64$3
49 years$772$430$228$116$58$3
50 years$748$411$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 $766,000, adding $6,315 every year, while hoping to spend $21,281 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: 38/43/19 Blend
53$766,000$766,000$766,000$766,000
54$850,646$810,048$798,175$877,907
55$914,769$827,097$802,271$915,184
56$984,719$844,269$805,791$952,961
57$1,061,069$861,547$808,693$993,345
58$1,144,447$878,912$810,934$1,036,583
59$1,235,547$896,345$812,467$1,082,949
60$1,335,132$913,825$813,243$1,132,742
61$1,444,042$931,328$813,213$1,186,293
62$1,563,201$948,831$812,323$1,243,969
63$1,693,629$966,304$810,516$1,306,173
64$1,836,446$983,720$807,736$1,373,349
65$1,992,887$1,001,046$803,919$1,445,989
66$2,164,313$1,018,249$799,001$1,524,633
67$2,352,221$1,035,291$792,916$1,609,880
68$2,558,261$1,052,133$785,592$1,702,389
69$2,784,249$1,068,733$776,955$1,802,886
70$3,032,187$1,085,046$766,927$1,912,175
71$3,304,279$1,101,022$755,428$2,031,140
72$3,602,953$1,116,610$742,373$2,160,757
73$3,930,883$1,131,753$727,671$2,302,105
74$4,291,016$1,146,391$711,231$2,456,371
75$4,686,596$1,160,461$692,954$2,624,867
76$5,121,199$1,173,894$672,738$2,809,039
77$5,598,764$1,186,618$650,477$3,010,483
78$6,123,630$1,198,553$626,060$3,230,958
79$6,700,576$1,209,618$599,369$3,472,406
80$7,334,869$1,219,724$570,282$3,736,969
81$8,032,311$1,228,776$538,672$4,027,008
82$8,799,295$1,236,674$504,406$4,345,130
83$9,642,864$1,243,312$467,344$4,694,208
84$10,570,776$1,248,575$427,340$5,077,412
85$11,591,583$1,252,342$384,244$5,498,238
86$12,714,703$1,254,486$337,895$5,960,541
87$13,950,516$1,254,869$288,128$6,468,574
88$15,310,458$1,253,347$234,769$7,027,026
89$16,807,129$1,249,765$177,638$7,641,069
90$18,454,413$1,243,961$116,546$8,316,407
91$20,267,609$1,235,760$51,295$9,059,328
92$22,263,571$1,224,979$0$9,876,769
93$24,460,876$1,211,423$0$10,780,095
94$26,879,987$1,194,884$0$11,785,360
95$29,543,457$1,175,145$0$12,891,500
96$32,476,134$1,151,972$0$14,108,814
97$35,705,401$1,125,120$0$15,448,659
98$39,261,430$1,094,328$0$16,923,550
99$43,177,466$1,059,321$0$18,547,287
100$47,490,147$1,019,807$0$20,335,078