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%18%
1 years$63,338$62,774$62,224$61,686$61,162$59,180
2 years$31,356$30,772$30,206$29,657$29,125$27,147
3 years$20,696$20,110$19,545$19,001$18,478$16,566
4 years$15,367$14,783$14,224$13,689$13,179$11,347
5 years$12,171$11,590$11,038$10,515$10,018$8,272
6 years$10,041$9,464$8,921$8,409$7,927$6,268
7 years$8,520$7,948$7,413$6,913$6,447$4,874
8 years$7,380$6,813$6,287$5,799$5,348$3,861
9 years$6,493$5,932$5,415$4,940$4,504$3,101
10 years$5,784$5,229$4,721$4,258$3,838$2,516
11 years$5,205$4,655$4,156$3,706$3,300$2,058
12 years$4,722$4,178$3,688$3,251$2,860$1,694
13 years$4,314$3,775$3,295$2,870$2,494$1,402
14 years$3,965$3,432$2,961$2,547$2,186$1,165
15 years$3,663$3,135$2,673$2,272$1,925$971
16 years$3,398$2,876$2,424$2,034$1,701$811
17 years$3,165$2,649$2,206$1,828$1,508$680
18 years$2,958$2,448$2,013$1,647$1,341$570
19 years$2,773$2,269$1,843$1,488$1,196$480
20 years$2,607$2,108$1,692$1,348$1,068$404
21 years$2,457$1,964$1,556$1,223$956$340
22 years$2,320$1,833$1,434$1,112$857$287
23 years$2,196$1,714$1,324$1,013$769$242
24 years$2,082$1,606$1,224$924$691$204
25 years$1,977$1,507$1,134$844$622$173
26 years$1,881$1,417$1,052$772$560$146
27 years$1,792$1,333$977$706$505$123
28 years$1,709$1,256$908$647$456$104
29 years$1,633$1,185$845$593$412$88
30 years$1,561$1,119$787$545$372$75
31 years$1,495$1,058$734$500$336$63
32 years$1,432$1,001$685$460$304$54
33 years$1,374$948$639$423$275$45
34 years$1,319$899$597$389$249$38
35 years$1,267$852$558$358$226$33
36 years$1,218$809$522$330$204$28
37 years$1,172$768$489$304$185$23
38 years$1,129$730$458$280$168$20
39 years$1,088$694$429$258$152$17
40 years$1,049$661$402$238$138$14
41 years$1,012$629$377$220$125$12
42 years$977$599$354$203$114$10
43 years$943$571$332$187$103$9
44 years$911$544$311$173$94$7
45 years$881$519$292$160$85$6
46 years$852$495$275$147$77$5
47 years$825$472$258$136$70$4
48 years$798$451$243$126$64$4
49 years$773$430$228$116$58$3
50 years$749$411$214$108$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $767,000, adding $6,197 every year, while hoping to spend $42,668 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: 54/21/25 Blend
53$767,000$767,000$767,000$767,000
54$851,626$810,975$799,087$891,428
55$893,094$805,315$780,458$913,864
56$937,361$797,947$759,775$933,344
57$984,668$788,742$736,923$953,673
58$1,035,279$777,566$711,785$974,946
59$1,089,483$764,272$684,235$997,270
60$1,147,596$748,707$654,144$1,020,768
61$1,209,968$730,711$621,374$1,045,576
62$1,276,979$710,109$585,784$1,071,846
63$1,349,048$686,722$547,225$1,099,749
64$1,426,635$660,356$505,542$1,129,477
65$1,510,246$630,807$460,571$1,161,243
66$1,600,435$597,861$412,144$1,195,286
67$1,697,811$561,288$360,083$1,231,874
68$1,803,046$520,849$304,204$1,271,303
69$1,916,874$476,288$244,312$1,313,907
70$2,040,105$427,336$180,206$1,360,055
71$2,173,628$373,708$111,676$1,410,160
72$2,318,422$315,104$38,501$1,464,681
73$2,475,562$251,205$0$1,524,128
74$2,646,231$181,676$0$1,599,631
75$2,831,731$106,161$0$1,692,907
76$3,033,492$24,288$0$1,794,444
77$3,253,090$0$0$1,905,092
78$3,492,258$0$0$2,040,658
79$3,752,902$0$0$2,194,581
80$4,037,122$0$0$2,362,495
81$4,347,227$0$0$2,545,775
82$4,685,760$0$0$2,745,933
83$5,055,520$0$0$2,964,631
84$5,459,587$0$0$3,203,704
85$5,901,354$0$0$3,465,167
86$6,384,555$0$0$3,751,242
87$6,913,302$0$0$4,064,374
88$7,492,123$0$0$4,407,257
89$8,126,004$0$0$4,782,855
90$8,820,437$0$0$5,194,436
91$9,581,467$0$0$5,645,596
92$10,415,755$0$0$6,140,295
93$11,330,635$0$0$6,682,898
94$12,334,186$0$0$7,278,209
95$13,435,305$0$0$7,931,522
96$14,643,794$0$0$8,648,667
97$15,970,449$0$0$9,436,068
98$17,427,161$0$0$10,300,798
99$19,027,032$0$0$11,250,652
100$20,784,492$0$0$12,294,214