Can I retire at age 54 with 767,000?

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 $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%19.2%
1 years$63,338$62,774$62,224$61,686$61,162$58,898
2 years$31,356$30,772$30,206$29,657$29,125$26,869
3 years$20,696$20,110$19,545$19,001$18,478$16,302
4 years$15,367$14,783$14,224$13,689$13,179$11,099
5 years$12,171$11,590$11,038$10,515$10,018$8,040
6 years$10,041$9,464$8,921$8,409$7,927$6,052
7 years$8,520$7,948$7,413$6,913$6,447$4,674
8 years$7,380$6,813$6,287$5,799$5,348$3,677
9 years$6,493$5,932$5,415$4,940$4,504$2,931
10 years$5,784$5,229$4,721$4,258$3,838$2,360
11 years$5,205$4,655$4,156$3,706$3,300$1,916
12 years$4,722$4,178$3,688$3,251$2,860$1,564
13 years$4,314$3,775$3,295$2,870$2,494$1,284
14 years$3,965$3,432$2,961$2,547$2,186$1,058
15 years$3,663$3,135$2,673$2,272$1,925$874
16 years$3,398$2,876$2,424$2,034$1,701$724
17 years$3,165$2,649$2,206$1,828$1,508$601
18 years$2,958$2,448$2,013$1,647$1,341$500
19 years$2,773$2,269$1,843$1,488$1,196$417
20 years$2,607$2,108$1,692$1,348$1,068$348
21 years$2,457$1,964$1,556$1,223$956$290
22 years$2,320$1,833$1,434$1,112$857$242
23 years$2,196$1,714$1,324$1,013$769$203
24 years$2,082$1,606$1,224$924$691$170
25 years$1,977$1,507$1,134$844$622$142
26 years$1,881$1,417$1,052$772$560$119
27 years$1,792$1,333$977$706$505$99
28 years$1,709$1,256$908$647$456$83
29 years$1,633$1,185$845$593$412$70
30 years$1,561$1,119$787$545$372$59
31 years$1,495$1,058$734$500$336$49
32 years$1,432$1,001$685$460$304$41
33 years$1,374$948$639$423$275$34
34 years$1,319$899$597$389$249$29
35 years$1,267$852$558$358$226$24
36 years$1,218$809$522$330$204$20
37 years$1,172$768$489$304$185$17
38 years$1,129$730$458$280$168$14
39 years$1,088$694$429$258$152$12
40 years$1,049$661$402$238$138$10
41 years$1,012$629$377$220$125$8
42 years$977$599$354$203$114$7
43 years$943$571$332$187$103$6
44 years$911$544$311$173$94$5
45 years$881$519$292$160$85$4
46 years$852$495$275$147$77$4
47 years$825$472$258$136$70$3
48 years$798$451$243$126$64$2
49 years$773$430$228$116$58$2
50 years$749$411$214$108$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $767,000, adding $3,816 every year, while hoping to spend $49,509 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$767,000$767,000$767,000$767,000
54$849,170$808,519$796,631$867,491
55$883,108$795,459$770,641$869,005
56$918,849$780,100$742,121$866,035
57$956,523$762,277$710,933$861,852
58$996,275$741,815$676,936$856,385
59$1,038,260$718,529$639,979$849,560
60$1,082,650$692,224$599,905$841,301
61$1,129,629$662,692$556,551$831,531
62$1,179,402$629,714$509,745$820,171
63$1,232,189$593,059$459,311$807,140
64$1,288,235$552,481$405,060$792,356
65$1,347,803$507,721$346,798$775,735
66$1,411,185$458,505$284,321$757,193
67$1,478,697$404,544$217,418$736,645
68$1,550,689$345,531$145,866$714,006
69$1,627,540$281,143$69,433$689,192
70$1,709,669$211,038$0$662,120
71$1,797,532$134,856$0$636,203
72$1,891,632$52,216$0$629,441
73$1,992,519$0$0$621,810
74$2,100,797$0$0$630,958
75$2,217,128$0$0$667,414
76$2,342,238$0$0$706,710
77$2,476,928$0$0$749,108
78$2,622,073$0$0$794,896
79$2,778,637$0$0$844,389
80$2,947,677$0$0$897,935
81$3,130,356$0$0$955,917
82$3,327,952$0$0$1,018,755
83$3,541,869$0$0$1,086,909
84$3,773,651$0$0$1,160,890
85$4,024,997$0$0$1,241,254
86$4,297,772$0$0$1,328,617
87$4,594,030$0$0$1,423,655
88$4,916,030$0$0$1,527,112
89$5,266,257$0$0$1,639,805
90$5,647,443$0$0$1,762,637
91$6,062,598$0$0$1,896,598
92$6,515,030$0$0$2,042,780
93$7,008,383$0$0$2,202,383
94$7,546,665$0$0$2,376,730
95$8,134,291$0$0$2,567,276
96$8,776,117$0$0$2,775,623
97$9,477,491$0$0$3,003,536
98$10,244,301$0$0$3,252,957
99$11,083,030$0$0$3,526,026
100$12,000,813$0$0$3,825,097