Can I retire at age 54 with 768,000?

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 $768,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$63,421$62,856$62,305$61,767$61,241$59,305
2 years$31,396$30,812$30,245$29,696$29,163$27,229
3 years$20,723$20,136$19,571$19,026$18,502$16,632
4 years$15,387$14,802$14,242$13,707$13,196$11,404
5 years$12,187$11,605$11,053$10,529$10,031$8,322
6 years$10,054$9,476$8,932$8,420$7,937$6,313
7 years$8,531$7,958$7,423$6,922$6,455$4,915
8 years$7,389$6,822$6,295$5,807$5,355$3,898
9 years$6,502$5,939$5,422$4,946$4,510$3,134
10 years$5,792$5,235$4,727$4,264$3,843$2,546
11 years$5,212$4,661$4,162$3,711$3,305$2,085
12 years$4,729$4,183$3,693$3,255$2,864$1,719
13 years$4,320$3,780$3,300$2,873$2,497$1,424
14 years$3,970$3,436$2,965$2,551$2,189$1,185
15 years$3,667$3,139$2,677$2,275$1,927$989
16 years$3,403$2,880$2,427$2,037$1,704$828
17 years$3,169$2,652$2,208$1,830$1,510$695
18 years$2,962$2,451$2,016$1,649$1,343$584
19 years$2,777$2,272$1,846$1,490$1,197$491
20 years$2,610$2,111$1,694$1,350$1,069$414
21 years$2,460$1,966$1,558$1,225$957$350
22 years$2,323$1,835$1,436$1,114$858$295
23 years$2,199$1,717$1,326$1,014$770$250
24 years$2,085$1,608$1,226$925$692$211
25 years$1,980$1,509$1,136$845$623$179
26 years$1,884$1,418$1,053$773$561$151
27 years$1,794$1,335$978$707$506$128
28 years$1,712$1,258$909$648$456$109
29 years$1,635$1,187$846$594$412$92
30 years$1,563$1,121$788$545$372$78
31 years$1,496$1,059$735$501$337$66
32 years$1,434$1,002$685$460$304$56
33 years$1,375$949$640$423$276$48
34 years$1,320$900$598$389$249$40
35 years$1,269$853$559$358$226$34
36 years$1,220$810$523$330$205$29
37 years$1,174$769$490$304$186$25
38 years$1,130$731$458$280$168$21
39 years$1,089$695$430$259$153$18
40 years$1,050$661$403$238$138$15
41 years$1,013$630$377$220$126$13
42 years$978$600$354$203$114$11
43 years$944$571$332$187$103$9
44 years$912$545$312$173$94$8
45 years$882$519$293$160$85$7
46 years$853$495$275$148$77$6
47 years$826$473$258$136$70$5
48 years$799$451$243$126$64$4
49 years$774$431$228$116$58$3
50 years$750$412$215$108$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $768,000, adding $4,467 every year, while hoping to spend $24,408 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: 54/24/22 Blend
53$768,000$768,000$768,000$768,000
54$850,944$810,240$798,336$891,541
55$911,770$823,972$799,110$933,640
56$977,983$837,558$799,092$976,519
57$1,050,105$850,967$798,230$1,022,680
58$1,128,714$864,162$796,469$1,072,444
59$1,214,442$877,106$793,750$1,126,167
60$1,307,989$889,758$790,015$1,184,240
61$1,410,123$902,075$785,199$1,247,094
62$1,521,689$914,010$779,236$1,315,207
63$1,643,618$925,513$772,058$1,389,104
64$1,776,935$936,531$763,590$1,469,365
65$1,922,769$947,008$753,757$1,556,630
66$2,082,363$956,883$742,479$1,651,606
67$2,257,085$966,091$729,673$1,755,072
68$2,448,442$974,564$715,251$1,867,886
69$2,658,093$982,227$699,122$1,990,998
70$2,887,865$989,003$681,189$2,125,453
71$3,139,771$994,808$661,353$2,272,405
72$3,416,029$999,554$639,509$2,433,128
73$3,719,078$1,003,147$615,547$2,609,026
74$4,051,609$1,005,486$589,353$2,801,648
75$4,416,583$1,006,465$560,806$3,012,702
76$4,817,264$1,005,971$529,783$3,244,074
77$5,257,245$1,003,884$496,150$3,497,842
78$5,740,485$1,000,076$459,773$3,776,299
79$6,271,347$994,411$420,507$4,081,974
80$6,854,634$986,748$378,204$4,417,656
81$7,495,641$976,932$332,708$4,786,423
82$8,200,198$964,803$283,855$5,191,665
83$8,974,729$950,190$231,476$5,637,125
84$9,826,314$932,912$175,393$6,126,929
85$10,762,749$912,776$115,420$6,665,627
86$11,792,627$889,579$51,363$7,258,236
87$12,925,412$863,105$0$7,910,288
88$14,171,534$833,128$0$8,631,876
89$15,542,485$799,405$0$9,438,863
90$17,050,924$761,682$0$10,326,648
91$18,710,802$719,688$0$11,303,465
92$20,537,489$673,138$0$12,378,387
93$22,547,921$621,730$0$13,561,418
94$24,760,758$565,144$0$14,863,580
95$27,196,563$503,043$0$16,297,024
96$29,877,992$435,072$0$17,875,143
97$32,830,008$360,852$0$19,612,697
98$36,080,121$279,985$0$21,525,954
99$39,658,641$192,052$0$23,632,846
100$43,598,968$96,609$0$25,953,137