Can I retire at age 54 with 771,000?

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 $771,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$63,668$63,101$62,548$62,008$61,481$59,041
2 years$31,519$30,932$30,363$29,812$29,276$26,849
3 years$20,804$20,214$19,647$19,101$18,574$16,235
4 years$15,447$14,860$14,298$13,761$13,247$11,015
5 years$12,234$11,650$11,096$10,570$10,070$7,950
6 years$10,093$9,513$8,967$8,453$7,968$5,961
7 years$8,564$7,989$7,452$6,949$6,480$4,585
8 years$7,418$6,848$6,320$5,830$5,376$3,592
9 years$6,527$5,963$5,443$4,966$4,527$2,851
10 years$5,815$5,256$4,745$4,280$3,858$2,286
11 years$5,232$4,679$4,178$3,725$3,318$1,847
12 years$4,747$4,200$3,708$3,268$2,875$1,501
13 years$4,337$3,795$3,313$2,885$2,507$1,226
14 years$3,986$3,450$2,976$2,561$2,198$1,005
15 years$3,682$3,151$2,687$2,284$1,935$827
16 years$3,416$2,891$2,436$2,045$1,710$681
17 years$3,182$2,663$2,217$1,837$1,516$563
18 years$2,973$2,461$2,024$1,656$1,348$466
19 years$2,788$2,280$1,853$1,496$1,202$386
20 years$2,620$2,119$1,700$1,355$1,073$320
21 years$2,469$1,974$1,564$1,230$961$266
22 years$2,332$1,842$1,441$1,118$861$221
23 years$2,207$1,723$1,331$1,018$773$184
24 years$2,093$1,615$1,231$929$695$153
25 years$1,988$1,515$1,140$848$625$127
26 years$1,891$1,424$1,057$776$563$106
27 years$1,801$1,340$982$710$508$88
28 years$1,718$1,263$913$650$458$73
29 years$1,641$1,191$849$596$414$61
30 years$1,569$1,125$791$547$374$51
31 years$1,502$1,064$738$503$338$42
32 years$1,440$1,006$688$462$306$35
33 years$1,381$953$643$425$277$30
34 years$1,325$903$600$391$250$25
35 years$1,274$857$561$360$227$21
36 years$1,225$813$525$331$206$17
37 years$1,178$772$491$305$186$14
38 years$1,135$734$460$281$169$12
39 years$1,093$698$431$260$153$10
40 years$1,054$664$404$239$139$8
41 years$1,017$632$379$221$126$7
42 years$982$602$355$204$114$6
43 years$948$574$334$188$104$5
44 years$916$547$313$174$94$4
45 years$886$521$294$160$86$3
46 years$857$497$276$148$78$3
47 years$829$475$259$137$71$2
48 years$802$453$244$127$64$2
49 years$777$433$229$117$58$2
50 years$753$413$215$108$53$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $771,000, adding $4,864 every year, while hoping to spend $58,691 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: 63/29/8 Blend
53$771,000$771,000$771,000$771,000
54$854,659$813,796$801,846$906,810
55$879,388$791,225$766,261$919,644
56$904,671$765,582$727,517$926,353
57$930,505$736,652$685,446$932,174
58$956,881$704,212$639,872$937,019
59$983,788$668,024$590,613$940,793
60$1,011,213$627,836$537,477$943,395
61$1,039,138$583,381$480,264$944,714
62$1,067,542$534,379$418,765$944,635
63$1,096,399$480,531$352,761$943,029
64$1,125,679$421,524$282,026$939,763
65$1,155,344$357,025$206,320$934,689
66$1,185,354$286,684$125,396$927,651
67$1,215,657$210,129$38,994$918,482
68$1,246,197$126,969$0$906,999
69$1,276,909$36,789$0$897,551
70$1,307,717$0$0$889,234
71$1,338,534$0$0$897,931
72$1,369,265$0$0$918,278
73$1,399,797$0$0$938,456
74$1,430,005$0$0$958,378
75$1,459,749$0$0$977,944
76$1,488,869$0$0$997,042
77$1,517,186$0$0$1,015,549
78$1,544,500$0$0$1,033,322
79$1,570,586$0$0$1,050,205
80$1,595,192$0$0$1,066,021
81$1,618,036$0$0$1,080,575
82$1,638,805$0$0$1,093,647
83$1,657,147$0$0$1,104,992
84$1,672,673$0$0$1,114,338
85$1,684,947$0$0$1,121,381
86$1,693,485$0$0$1,125,784
87$1,697,750$0$0$1,127,171
88$1,697,142$0$0$1,125,127
89$1,690,999$0$0$1,119,188
90$1,678,582$0$0$1,108,842
91$1,659,075$0$0$1,093,518
92$1,631,570$0$0$1,072,586
93$1,595,063$0$0$1,045,345
94$1,548,440$0$0$1,011,022
95$1,490,467$0$0$968,759
96$1,419,780$0$0$917,604
97$1,334,868$0$0$856,508
98$1,234,058$0$0$784,307
99$1,115,501$0$0$699,715
100$977,152$0$0$601,311