Can I retire at age 54 with 770,000?

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 $770,000?

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$63,586$63,019$62,467$61,928$61,401$59,819
2 years$31,478$30,892$30,324$29,773$29,239$27,656
3 years$20,777$20,188$19,621$19,076$18,550$17,016
4 years$15,427$14,840$14,279$13,743$13,230$11,756
5 years$12,219$11,635$11,081$10,556$10,057$8,647
6 years$10,080$9,501$8,955$8,442$7,958$6,613
7 years$8,553$7,979$7,442$6,940$6,472$5,193
8 years$7,408$6,839$6,311$5,822$5,369$4,155
9 years$6,519$5,955$5,436$4,959$4,522$3,371
10 years$5,807$5,249$4,739$4,275$3,853$2,765
11 years$5,225$4,673$4,172$3,720$3,313$2,286
12 years$4,741$4,194$3,703$3,263$2,871$1,903
13 years$4,331$3,790$3,308$2,881$2,504$1,593
14 years$3,981$3,445$2,972$2,557$2,195$1,339
15 years$3,677$3,147$2,684$2,281$1,933$1,130
16 years$3,411$2,888$2,433$2,042$1,708$956
17 years$3,177$2,659$2,214$1,835$1,514$811
18 years$2,970$2,457$2,021$1,654$1,347$689
19 years$2,784$2,277$1,850$1,494$1,200$587
20 years$2,617$2,116$1,698$1,353$1,072$500
21 years$2,466$1,971$1,562$1,228$959$427
22 years$2,329$1,840$1,440$1,117$860$365
23 years$2,204$1,721$1,329$1,017$772$312
24 years$2,090$1,612$1,229$928$694$267
25 years$1,985$1,513$1,139$847$624$229
26 years$1,888$1,422$1,056$775$562$196
27 years$1,799$1,338$981$709$507$168
28 years$1,716$1,261$912$650$457$144
29 years$1,639$1,190$848$596$413$124
30 years$1,567$1,124$790$547$373$106
31 years$1,500$1,062$737$502$337$91
32 years$1,438$1,005$687$461$305$78
33 years$1,379$952$642$424$276$67
34 years$1,324$902$600$390$250$58
35 years$1,272$856$561$359$227$50
36 years$1,223$812$524$331$205$43
37 years$1,177$771$491$305$186$37
38 years$1,133$733$460$281$169$32
39 years$1,092$697$431$259$153$27
40 years$1,053$663$404$239$139$23
41 years$1,016$631$378$221$126$20
42 years$980$601$355$204$114$17
43 years$947$573$333$188$104$15
44 years$915$546$313$173$94$13
45 years$884$521$294$160$85$11
46 years$855$497$276$148$78$9
47 years$828$474$259$137$70$8
48 years$801$453$243$126$64$7
49 years$776$432$229$117$58$6
50 years$752$413$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 $770,000, adding $6,424 every year, while hoping to spend $56,034 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: 37/44/19 Blend
53$770,000$770,000$770,000$770,000
54$855,166$814,356$802,421$881,692
55$882,774$794,640$769,683$881,770
56$911,319$772,080$733,969$876,106
57$940,838$746,477$695,122$868,824
58$971,371$717,621$652,976$859,810
59$1,002,956$685,290$607,356$848,943
60$1,035,637$649,249$558,082$836,098
61$1,069,459$609,249$504,965$821,139
62$1,104,468$565,026$447,805$803,927
63$1,140,715$516,304$386,398$784,313
64$1,178,252$462,787$320,527$762,140
65$1,217,136$404,165$249,966$737,244
66$1,257,424$340,110$174,480$709,451
67$1,299,180$270,274$93,824$678,579
68$1,342,471$194,292$7,742$644,436
69$1,387,367$111,776$0$606,818
70$1,433,943$22,317$0$582,568
71$1,482,279$0$0$557,192
72$1,532,461$0$0$565,021
73$1,584,579$0$0$584,387
74$1,638,732$0$0$604,524
75$1,695,022$0$0$625,470
76$1,753,562$0$0$647,271
77$1,814,472$0$0$669,973
78$1,877,878$0$0$693,626
79$1,943,919$0$0$718,284
80$2,012,743$0$0$744,005
81$2,084,510$0$0$770,852
82$2,159,390$0$0$798,892
83$2,237,569$0$0$828,199
84$2,319,247$0$0$858,852
85$2,404,640$0$0$890,936
86$2,493,981$0$0$924,543
87$2,587,523$0$0$959,775
88$2,685,539$0$0$996,739
89$2,788,327$0$0$1,035,555
90$2,896,209$0$0$1,076,350
91$3,009,534$0$0$1,119,263
92$3,128,682$0$0$1,164,448
93$3,254,067$0$0$1,212,068
94$3,386,138$0$0$1,262,304
95$3,525,385$0$0$1,315,353
96$3,672,342$0$0$1,371,427
97$3,827,592$0$0$1,430,762
98$3,991,767$0$0$1,493,611
99$4,165,562$0$0$1,560,253
100$4,349,733$0$0$1,630,993