Can I retire at age 54 with 768,000?

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 $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%16.3%
1 years$63,421$62,856$62,305$61,767$61,241$59,664
2 years$31,396$30,812$30,245$29,696$29,163$27,584
3 years$20,723$20,136$19,571$19,026$18,502$16,971
4 years$15,387$14,802$14,242$13,707$13,196$11,725
5 years$12,187$11,605$11,053$10,529$10,031$8,624
6 years$10,054$9,476$8,932$8,420$7,937$6,596
7 years$8,531$7,958$7,423$6,922$6,455$5,179
8 years$7,389$6,822$6,295$5,807$5,355$4,144
9 years$6,502$5,939$5,422$4,946$4,510$3,362
10 years$5,792$5,235$4,727$4,264$3,843$2,757
11 years$5,212$4,661$4,162$3,711$3,305$2,280
12 years$4,729$4,183$3,693$3,255$2,864$1,898
13 years$4,320$3,780$3,300$2,873$2,497$1,589
14 years$3,970$3,436$2,965$2,551$2,189$1,336
15 years$3,667$3,139$2,677$2,275$1,927$1,127
16 years$3,403$2,880$2,427$2,037$1,704$953
17 years$3,169$2,652$2,208$1,830$1,510$809
18 years$2,962$2,451$2,016$1,649$1,343$687
19 years$2,777$2,272$1,846$1,490$1,197$585
20 years$2,610$2,111$1,694$1,350$1,069$499
21 years$2,460$1,966$1,558$1,225$957$426
22 years$2,323$1,835$1,436$1,114$858$364
23 years$2,199$1,717$1,326$1,014$770$311
24 years$2,085$1,608$1,226$925$692$267
25 years$1,980$1,509$1,136$845$623$228
26 years$1,884$1,418$1,053$773$561$196
27 years$1,794$1,335$978$707$506$168
28 years$1,712$1,258$909$648$456$144
29 years$1,635$1,187$846$594$412$123
30 years$1,563$1,121$788$545$372$106
31 years$1,496$1,059$735$501$337$91
32 years$1,434$1,002$685$460$304$78
33 years$1,375$949$640$423$276$67
34 years$1,320$900$598$389$249$58
35 years$1,269$853$559$358$226$50
36 years$1,220$810$523$330$205$43
37 years$1,174$769$490$304$186$37
38 years$1,130$731$458$280$168$31
39 years$1,089$695$430$259$153$27
40 years$1,050$661$403$238$138$23
41 years$1,013$630$377$220$126$20
42 years$978$600$354$203$114$17
43 years$944$571$332$187$103$15
44 years$912$545$312$173$94$13
45 years$882$519$293$160$85$11
46 years$853$495$275$148$77$9
47 years$826$473$258$136$70$8
48 years$799$451$243$126$64$7
49 years$774$431$228$116$58$6
50 years$750$412$215$108$53$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $768,000, adding $4,923 every year, while hoping to spend $28,718 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: 57/19/24 Blend
53$768,000$768,000$768,000$768,000
54$851,414$810,710$798,806$894,142
55$907,703$819,879$795,010$933,075
56$968,770$828,535$790,125$972,020
57$1,035,073$836,622$784,083$1,013,856
58$1,107,116$844,081$776,815$1,058,870
59$1,185,450$850,850$768,246$1,107,379
60$1,270,685$856,860$758,302$1,159,732
61$1,363,490$862,041$746,900$1,216,315
62$1,464,601$866,317$733,956$1,277,557
63$1,574,830$869,606$719,383$1,343,927
64$1,695,069$871,823$703,089$1,415,947
65$1,826,300$872,876$684,976$1,494,192
66$1,969,603$872,668$664,944$1,579,295
67$2,126,170$871,096$642,887$1,671,959
68$2,297,311$868,051$618,695$1,772,957
69$2,484,467$863,416$592,251$1,883,143
70$2,689,227$857,068$563,436$2,003,461
71$2,913,340$848,876$532,123$2,134,951
72$3,158,732$838,702$498,181$2,278,764
73$3,427,523$826,399$461,470$2,436,168
74$3,722,048$811,811$421,847$2,608,562
75$4,044,880$794,772$379,162$2,797,494
76$4,398,851$775,110$333,258$3,004,667
77$4,787,081$752,637$283,969$3,231,965
78$5,213,007$727,160$231,125$3,481,464
79$5,680,412$698,469$174,547$3,755,456
80$6,193,467$666,347$114,047$4,056,471
81$6,756,763$630,561$49,430$4,387,297
82$7,375,360$590,865$0$4,751,014
83$8,054,830$547,001$0$5,156,019
84$8,801,312$498,693$0$5,614,890
85$9,621,570$445,653$0$6,119,147
86$10,523,053$387,573$0$6,673,408
87$11,513,970$324,129$0$7,282,763
88$12,603,364$254,981$0$7,952,825
89$13,801,197$179,765$0$8,689,779
90$15,118,447$98,102$0$9,500,443
91$16,567,207$9,586$0$10,392,333
92$18,160,800$0$0$11,373,733
93$19,913,907$0$0$12,471,798
94$21,842,704$0$0$13,682,189
95$23,965,011$0$0$15,014,096
96$26,300,467$0$0$16,479,851
97$28,870,705$0$0$18,093,045
98$31,699,568$0$0$19,868,649
99$34,813,321$0$0$21,823,164
100$38,240,911$0$0$23,974,769