Can I retire at age 54 with 766,000?

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 $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%12.7%
1 years$63,256$62,692$62,142$61,606$61,082$60,394
2 years$31,315$30,731$30,166$29,618$29,087$28,394
3 years$20,669$20,083$19,520$18,977$18,454$17,778
4 years$15,347$14,763$14,205$13,672$13,161$12,508
5 years$12,155$11,575$11,024$10,501$10,005$9,375
6 years$10,028$9,452$8,909$8,398$7,917$7,312
7 years$8,509$7,937$7,403$6,904$6,438$5,858
8 years$7,370$6,804$6,279$5,792$5,341$4,786
9 years$6,485$5,924$5,408$4,933$4,498$3,968
10 years$5,777$5,222$4,715$4,253$3,833$3,327
11 years$5,198$4,649$4,151$3,701$3,296$2,814
12 years$4,716$4,172$3,684$3,246$2,856$2,398
13 years$4,309$3,771$3,291$2,866$2,491$2,055
14 years$3,960$3,427$2,957$2,544$2,183$1,770
15 years$3,658$3,131$2,670$2,269$1,922$1,531
16 years$3,394$2,873$2,421$2,032$1,699$1,329
17 years$3,161$2,646$2,203$1,825$1,507$1,156
18 years$2,954$2,445$2,011$1,645$1,340$1,009
19 years$2,769$2,266$1,841$1,486$1,194$882
20 years$2,603$2,105$1,689$1,346$1,066$773
21 years$2,453$1,961$1,554$1,222$954$678
22 years$2,317$1,831$1,432$1,111$855$596
23 years$2,193$1,712$1,322$1,012$768$524
24 years$2,079$1,604$1,223$923$690$461
25 years$1,975$1,505$1,133$843$621$407
26 years$1,879$1,415$1,050$771$559$359
27 years$1,790$1,331$975$705$504$317
28 years$1,707$1,255$907$646$455$280
29 years$1,631$1,184$844$593$411$247
30 years$1,559$1,118$786$544$371$218
31 years$1,493$1,057$733$499$336$193
32 years$1,430$1,000$684$459$304$171
33 years$1,372$947$638$422$275$151
34 years$1,317$897$596$388$249$134
35 years$1,265$851$558$358$225$119
36 years$1,217$808$522$329$204$105
37 years$1,171$767$488$303$185$93
38 years$1,127$729$457$280$168$82
39 years$1,086$693$428$258$152$73
40 years$1,047$660$402$238$138$65
41 years$1,010$628$377$219$125$57
42 years$975$598$353$202$114$51
43 years$942$570$331$187$103$45
44 years$910$543$311$173$94$40
45 years$880$518$292$159$85$35
46 years$851$494$274$147$77$31
47 years$823$472$258$136$70$28
48 years$797$450$242$126$64$25
49 years$772$430$228$116$58$22
50 years$748$411$214$107$52$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $766,000, adding $2,046 every year, while hoping to spend $34,468 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: 58/28/14 Blend
53$766,000$766,000$766,000$766,000
54$846,242$805,644$793,771$892,205
55$895,885$808,447$783,689$926,308
56$949,437$810,232$772,114$959,475
57$1,007,259$810,913$758,959$994,822
58$1,069,750$810,398$744,135$1,032,562
59$1,137,347$808,590$727,546$1,072,935
60$1,210,531$805,386$709,093$1,116,201
61$1,289,830$800,675$688,673$1,162,653
62$1,375,827$794,343$666,178$1,212,612
63$1,469,161$786,264$641,494$1,266,434
64$1,570,533$776,310$614,502$1,324,513
65$1,680,719$764,340$585,079$1,387,285
66$1,800,568$750,209$553,095$1,455,231
67$1,931,017$733,760$518,415$1,528,886
68$2,073,096$714,829$480,897$1,608,838
69$2,227,937$693,241$440,393$1,695,739
70$2,396,790$668,813$396,748$1,790,311
71$2,581,025$641,348$349,803$1,893,350
72$2,782,156$610,640$299,387$2,005,738
73$3,001,844$576,469$245,325$2,128,447
74$3,241,922$538,606$187,433$2,262,554
75$3,504,405$496,805$125,519$2,409,248
76$3,791,513$450,807$59,383$2,569,843
77$4,105,691$400,340$0$2,745,791
78$4,449,629$345,115$0$2,940,368
79$4,826,291$284,825$0$3,163,249
80$5,238,941$219,150$0$3,407,546
81$5,691,173$147,749$0$3,675,454
82$6,186,946$70,261$0$3,969,398
83$6,730,618$0$0$4,292,054
84$7,326,991$0$0$4,650,590
85$7,981,355$0$0$5,067,809
86$8,699,536$0$0$5,525,784
87$9,487,949$0$0$6,028,616
88$10,353,663$0$0$6,580,821
89$11,304,466$0$0$7,187,377
90$12,348,935$0$0$7,853,763
91$13,496,518$0$0$8,586,018
92$14,757,628$0$0$9,390,795
93$16,143,731$0$0$10,275,424
94$17,667,462$0$0$11,247,977
95$19,342,742$0$0$12,317,352
96$21,184,906$0$0$13,493,348
97$23,210,851$0$0$14,786,764
98$25,439,192$0$0$16,209,498
99$27,890,440$0$0$17,774,656
100$30,587,194$0$0$19,496,681