Can I retire at age 54 with 769,000?

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 $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%14.5%
1 years$63,503$62,938$62,386$61,847$61,321$60,182
2 years$31,437$30,852$30,284$29,734$29,201$28,057
3 years$20,750$20,162$19,596$19,051$18,526$17,414
4 years$15,407$14,821$14,261$13,725$13,213$12,140
5 years$12,203$11,620$11,067$10,542$10,044$9,015
6 years$10,067$9,489$8,944$8,431$7,948$6,962
7 years$8,542$7,969$7,432$6,931$6,464$5,523
8 years$7,399$6,830$6,303$5,815$5,362$4,465
9 years$6,510$5,947$5,429$4,953$4,516$3,663
10 years$5,800$5,242$4,733$4,269$3,848$3,037
11 years$5,219$4,667$4,167$3,716$3,309$2,541
12 years$4,735$4,189$3,698$3,259$2,868$2,140
13 years$4,326$3,785$3,304$2,877$2,501$1,813
14 years$3,975$3,441$2,969$2,554$2,192$1,543
15 years$3,672$3,143$2,680$2,278$1,930$1,318
16 years$3,407$2,884$2,430$2,040$1,706$1,129
17 years$3,173$2,656$2,211$1,832$1,512$970
18 years$2,966$2,454$2,019$1,651$1,345$836
19 years$2,780$2,274$1,848$1,492$1,199$721
20 years$2,614$2,114$1,696$1,351$1,071$623
21 years$2,463$1,969$1,560$1,227$958$539
22 years$2,326$1,838$1,438$1,115$859$467
23 years$2,202$1,719$1,327$1,016$771$406
24 years$2,087$1,610$1,228$926$693$352
25 years$1,983$1,511$1,137$846$624$306
26 years$1,886$1,420$1,055$774$562$266
27 years$1,797$1,337$979$708$506$231
28 years$1,714$1,260$910$649$457$201
29 years$1,637$1,188$847$595$413$175
30 years$1,565$1,122$789$546$373$153
31 years$1,498$1,061$736$501$337$133
32 years$1,436$1,004$686$461$305$116
33 years$1,377$951$641$424$276$101
34 years$1,322$901$599$390$250$88
35 years$1,270$855$560$359$226$77
36 years$1,221$811$524$331$205$67
37 years$1,175$770$490$305$186$59
38 years$1,132$732$459$281$168$51
39 years$1,090$696$430$259$153$45
40 years$1,051$662$403$239$139$39
41 years$1,014$630$378$220$126$34
42 years$979$600$355$203$114$30
43 years$946$572$333$188$104$26
44 years$914$545$312$173$94$23
45 years$883$520$293$160$85$20
46 years$854$496$275$148$77$17
47 years$827$473$259$137$70$15
48 years$800$452$243$126$64$13
49 years$775$432$229$117$58$11
50 years$751$412$215$108$53$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $769,000, adding $3,667 every year, while hoping to spend $44,305 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: 24/47/29 Blend
53$769,000$769,000$769,000$769,000
54$851,221$810,464$798,544$863,833
55$890,905$803,036$778,155$867,470
56$933,152$793,760$755,598$867,394
57$978,177$782,497$730,754$866,391
58$1,026,214$769,103$703,497$864,413
59$1,077,521$753,422$673,698$861,414
60$1,132,381$735,293$641,220$857,347
61$1,191,103$714,541$605,919$852,165
62$1,254,025$690,983$567,647$845,824
63$1,321,520$664,426$526,248$838,279
64$1,393,997$634,665$481,560$829,490
65$1,471,904$601,482$433,411$819,416
66$1,555,732$564,649$381,624$808,022
67$1,646,022$523,922$326,014$795,274
68$1,743,368$479,045$266,386$781,147
69$1,848,420$429,747$202,539$765,616
70$1,961,895$375,741$134,260$748,669
71$2,084,580$316,724$61,330$730,296
72$2,217,340$252,376$0$710,501
73$2,361,126$182,360$0$694,402
74$2,516,983$106,318$0$697,503
75$2,686,060$23,872$0$700,923
76$2,869,622$0$0$704,801
77$3,069,059$0$0$743,107
78$3,285,902$0$0$798,297
79$3,521,831$0$0$858,467
80$3,778,700$0$0$924,104
81$4,058,545$0$0$995,746
82$4,363,609$0$0$1,073,983
83$4,696,358$0$0$1,159,465
84$5,059,509$0$0$1,252,909
85$5,456,051$0$0$1,355,102
86$5,889,276$0$0$1,466,911
87$6,362,806$0$0$1,589,294
88$6,880,629$0$0$1,723,301
89$7,447,139$0$0$1,870,093
90$8,067,170$0$0$2,030,943
91$8,746,047$0$0$2,207,259
92$9,489,635$0$0$2,400,587
93$10,304,391$0$0$2,612,633
94$11,197,426$0$0$2,845,274
95$12,176,574$0$0$3,100,578
96$13,250,460$0$0$3,380,823
97$14,428,587$0$0$3,688,519
98$15,721,421$0$0$4,026,430
99$17,140,488$0$0$4,397,600
100$18,698,488$0$0$4,805,385