Can I retire at age 54 with 767,000?

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 $767,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$63,338$62,774$62,224$61,686$61,162$59,346
2 years$31,356$30,772$30,206$29,657$29,125$27,311
3 years$20,696$20,110$19,545$19,001$18,478$16,722
4 years$15,367$14,783$14,224$13,689$13,179$11,495
5 years$12,171$11,590$11,038$10,515$10,018$8,411
6 years$10,041$9,464$8,921$8,409$7,927$6,397
7 years$8,520$7,948$7,413$6,913$6,447$4,995
8 years$7,380$6,813$6,287$5,799$5,348$3,973
9 years$6,493$5,932$5,415$4,940$4,504$3,204
10 years$5,784$5,229$4,721$4,258$3,838$2,611
11 years$5,205$4,655$4,156$3,706$3,300$2,146
12 years$4,722$4,178$3,688$3,251$2,860$1,775
13 years$4,314$3,775$3,295$2,870$2,494$1,475
14 years$3,965$3,432$2,961$2,547$2,186$1,232
15 years$3,663$3,135$2,673$2,272$1,925$1,032
16 years$3,398$2,876$2,424$2,034$1,701$867
17 years$3,165$2,649$2,206$1,828$1,508$730
18 years$2,958$2,448$2,013$1,647$1,341$616
19 years$2,773$2,269$1,843$1,488$1,196$520
20 years$2,607$2,108$1,692$1,348$1,068$440
21 years$2,457$1,964$1,556$1,223$956$373
22 years$2,320$1,833$1,434$1,112$857$316
23 years$2,196$1,714$1,324$1,013$769$268
24 years$2,082$1,606$1,224$924$691$228
25 years$1,977$1,507$1,134$844$622$194
26 years$1,881$1,417$1,052$772$560$165
27 years$1,792$1,333$977$706$505$140
28 years$1,709$1,256$908$647$456$119
29 years$1,633$1,185$845$593$412$101
30 years$1,561$1,119$787$545$372$86
31 years$1,495$1,058$734$500$336$74
32 years$1,432$1,001$685$460$304$63
33 years$1,374$948$639$423$275$53
34 years$1,319$899$597$389$249$45
35 years$1,267$852$558$358$226$39
36 years$1,218$809$522$330$204$33
37 years$1,172$768$489$304$185$28
38 years$1,129$730$458$280$168$24
39 years$1,088$694$429$258$152$20
40 years$1,049$661$402$238$138$17
41 years$1,012$629$377$220$125$15
42 years$977$599$354$203$114$13
43 years$943$571$332$187$103$11
44 years$911$544$311$173$94$9
45 years$881$519$292$160$85$8
46 years$852$495$275$147$77$7
47 years$825$472$258$136$70$6
48 years$798$451$243$126$64$5
49 years$773$430$228$116$58$4
50 years$749$411$214$108$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $767,000, adding $4,882 every year, while hoping to spend $46,994 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: 72/16/12 Blend
53$767,000$767,000$767,000$767,000
54$850,270$809,619$797,730$909,029
55$886,996$799,289$774,453$938,244
56$925,893$786,878$748,821$963,979
57$967,134$772,234$720,705$990,894
58$1,010,904$755,196$689,972$1,019,095
59$1,057,411$735,596$656,481$1,048,700
60$1,106,879$713,251$620,085$1,079,837
61$1,159,553$687,973$580,630$1,112,652
62$1,215,702$659,559$537,956$1,147,304
63$1,275,622$627,795$491,896$1,183,970
64$1,339,635$592,457$442,274$1,222,847
65$1,408,095$553,305$388,907$1,264,154
66$1,481,391$510,087$331,606$1,308,132
67$1,559,947$462,535$270,169$1,355,051
68$1,644,231$410,368$204,388$1,405,206
69$1,734,754$353,288$134,047$1,458,928
70$1,832,079$290,980$58,918$1,516,582
71$1,936,824$223,111$0$1,578,572
72$2,049,665$149,328$0$1,648,070
73$2,171,348$69,263$0$1,731,076
74$2,302,690$0$0$1,820,623
75$2,444,590$0$0$1,920,430
76$2,598,034$0$0$2,041,575
77$2,764,109$0$0$2,172,721
78$2,944,008$0$0$2,314,816
79$3,139,042$0$0$2,468,900
80$3,350,654$0$0$2,636,116
81$3,580,430$0$0$2,817,724
82$3,830,116$0$0$3,015,105
83$4,101,630$0$0$3,229,785
84$4,397,086$0$0$3,463,436
85$4,718,807$0$0$3,717,902
86$5,069,350$0$0$3,995,212
87$5,451,528$0$0$4,297,597
88$5,868,440$0$0$4,627,513
89$6,323,493$0$0$4,987,665
90$6,820,441$0$0$5,381,030
91$7,363,414$0$0$5,810,883
92$7,956,960$0$0$6,280,832
93$8,606,085$0$0$6,794,850
94$9,316,303$0$0$7,357,308
95$10,093,684$0$0$7,973,022
96$10,944,912$0$0$8,647,295
97$11,877,348$0$0$9,385,967
98$12,899,098$0$0$10,195,467
99$14,019,089$0$0$11,082,879
100$15,247,155$0$0$12,056,002