Can I retire at age 54 with 769,000?

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 $769,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$63,503$62,938$62,386$61,847$61,321$60,986
2 years$31,437$30,852$30,284$29,734$29,201$28,862
3 years$20,750$20,162$19,596$19,051$18,526$18,195
4 years$15,407$14,821$14,261$13,725$13,213$12,892
5 years$12,203$11,620$11,067$10,542$10,044$9,734
6 years$10,067$9,489$8,944$8,431$7,948$7,649
7 years$8,542$7,969$7,432$6,931$6,464$6,176
8 years$7,399$6,830$6,303$5,815$5,362$5,087
9 years$6,510$5,947$5,429$4,953$4,516$4,251
10 years$5,800$5,242$4,733$4,269$3,848$3,595
11 years$5,219$4,667$4,167$3,716$3,309$3,067
12 years$4,735$4,189$3,698$3,259$2,868$2,637
13 years$4,326$3,785$3,304$2,877$2,501$2,280
14 years$3,975$3,441$2,969$2,554$2,192$1,982
15 years$3,672$3,143$2,680$2,278$1,930$1,731
16 years$3,407$2,884$2,430$2,040$1,706$1,516
17 years$3,173$2,656$2,211$1,832$1,512$1,332
18 years$2,966$2,454$2,019$1,651$1,345$1,174
19 years$2,780$2,274$1,848$1,492$1,199$1,037
20 years$2,614$2,114$1,696$1,351$1,071$918
21 years$2,463$1,969$1,560$1,227$958$814
22 years$2,326$1,838$1,438$1,115$859$722
23 years$2,202$1,719$1,327$1,016$771$642
24 years$2,087$1,610$1,228$926$693$572
25 years$1,983$1,511$1,137$846$624$509
26 years$1,886$1,420$1,055$774$562$454
27 years$1,797$1,337$979$708$506$405
28 years$1,714$1,260$910$649$457$362
29 years$1,637$1,188$847$595$413$323
30 years$1,565$1,122$789$546$373$289
31 years$1,498$1,061$736$501$337$259
32 years$1,436$1,004$686$461$305$232
33 years$1,377$951$641$424$276$207
34 years$1,322$901$599$390$250$186
35 years$1,270$855$560$359$226$166
36 years$1,221$811$524$331$205$149
37 years$1,175$770$490$305$186$134
38 years$1,132$732$459$281$168$120
39 years$1,090$696$430$259$153$108
40 years$1,051$662$403$239$139$97
41 years$1,014$630$378$220$126$87
42 years$979$600$355$203$114$78
43 years$946$572$333$188$104$70
44 years$914$545$312$173$94$63
45 years$883$520$293$160$85$56
46 years$854$496$275$148$77$50
47 years$827$473$259$137$70$45
48 years$800$452$243$126$64$41
49 years$775$432$229$117$58$37
50 years$751$412$215$108$53$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $769,000, adding $4,543 every year, while hoping to spend $50,055 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: 47/38/15 Blend
53$769,000$769,000$769,000$769,000
54$852,124$811,367$799,448$888,375
55$885,783$797,866$772,971$900,470
56$921,197$782,026$743,930$908,116
57$958,493$763,679$712,185$915,322
58$997,808$742,648$677,592$922,067
59$1,039,291$718,745$639,999$928,329
60$1,083,108$691,772$599,247$934,089
61$1,129,434$661,518$555,171$939,331
62$1,178,465$627,761$507,598$944,039
63$1,230,412$590,265$456,347$948,203
64$1,285,508$548,782$401,229$951,812
65$1,344,007$503,049$342,046$954,865
66$1,406,184$452,787$278,593$957,360
67$1,472,344$397,703$210,655$959,306
68$1,542,818$337,485$138,007$960,715
69$1,617,969$271,806$60,415$961,609
70$1,698,196$200,319$0$962,018
71$1,783,935$122,658$0$965,566
72$1,875,664$38,435$0$979,274
73$1,973,907$0$0$993,570
74$2,079,239$0$0$1,030,640
75$2,192,291$0$0$1,087,736
76$2,313,754$0$0$1,149,143
77$2,444,389$0$0$1,215,253
78$2,585,030$0$0$1,286,496
79$2,736,592$0$0$1,363,346
80$2,900,082$0$0$1,446,322
81$3,076,605$0$0$1,535,994
82$3,267,376$0$0$1,632,991
83$3,473,730$0$0$1,738,002
84$3,697,135$0$0$1,851,784
85$3,939,202$0$0$1,975,173
86$4,201,707$0$0$2,109,084
87$4,486,599$0$0$2,254,526
88$4,796,025$0$0$2,412,608
89$5,132,343$0$0$2,584,550
90$5,498,150$0$0$2,771,695
91$5,896,303$0$0$2,975,520
92$6,329,943$0$0$3,197,649
93$6,802,529$0$0$3,439,873
94$7,317,867$0$0$3,704,159
95$7,880,146$0$0$3,992,675
96$8,493,978$0$0$4,307,807
97$9,164,437$0$0$4,652,180
98$9,897,111$0$0$5,028,686
99$10,698,152$0$0$5,440,508
100$11,574,332$0$0$5,891,152