Can I retire at age 54 with 773,000?

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 $773,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$63,834$63,265$62,710$62,169$61,640$60,322
2 years$31,601$31,012$30,442$29,889$29,352$28,030
3 years$20,858$20,267$19,698$19,150$18,622$17,338
4 years$15,488$14,898$14,335$13,797$13,282$12,045
5 years$12,266$11,680$11,125$10,597$10,096$8,911
6 years$10,119$9,538$8,990$8,475$7,989$6,856
7 years$8,586$8,010$7,471$6,967$6,497$5,417
8 years$7,437$6,866$6,336$5,845$5,390$4,362
9 years$6,544$5,978$5,457$4,978$4,539$3,563
10 years$5,830$5,269$4,758$4,291$3,868$2,942
11 years$5,246$4,691$4,189$3,735$3,326$2,450
12 years$4,759$4,210$3,717$3,276$2,882$2,054
13 years$4,348$3,805$3,321$2,892$2,514$1,732
14 years$3,996$3,459$2,984$2,567$2,203$1,467
15 years$3,691$3,160$2,694$2,290$1,940$1,247
16 years$3,425$2,899$2,443$2,050$1,715$1,063
17 years$3,190$2,670$2,223$1,842$1,520$909
18 years$2,981$2,467$2,029$1,660$1,352$779
19 years$2,795$2,286$1,858$1,500$1,205$669
20 years$2,627$2,125$1,705$1,359$1,076$575
21 years$2,476$1,979$1,568$1,233$963$495
22 years$2,338$1,847$1,445$1,121$863$427
23 years$2,213$1,728$1,334$1,021$775$368
24 years$2,098$1,619$1,234$931$697$318
25 years$1,993$1,519$1,143$850$627$275
26 years$1,896$1,428$1,060$778$565$237
27 years$1,806$1,344$984$712$509$205
28 years$1,723$1,266$915$652$459$178
29 years$1,646$1,194$852$598$415$154
30 years$1,573$1,128$793$549$375$133
31 years$1,506$1,066$739$504$339$116
32 years$1,443$1,009$690$463$306$100
33 years$1,384$956$644$426$277$87
34 years$1,329$906$602$392$251$75
35 years$1,277$859$563$361$227$65
36 years$1,228$815$526$332$206$57
37 years$1,181$774$493$306$187$49
38 years$1,138$736$461$282$169$43
39 years$1,096$700$432$260$154$37
40 years$1,057$666$405$240$139$32
41 years$1,020$634$380$221$126$28
42 years$984$604$356$204$115$24
43 years$950$575$334$189$104$21
44 years$918$548$314$174$94$18
45 years$888$523$295$161$86$16
46 years$859$499$277$149$78$14
47 years$831$476$260$137$71$12
48 years$804$454$244$127$64$10
49 years$779$434$230$117$58$9
50 years$755$414$216$108$53$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $773,000, adding $2,291 every year, while hoping to spend $36,619 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: 73/21/6 Blend
53$773,000$773,000$773,000$773,000
54$854,209$813,240$801,259$915,807
55$902,376$814,127$789,138$957,584
56$954,229$813,829$775,385$998,486
57$1,010,105$812,251$759,905$1,042,238
58$1,070,374$809,290$742,600$1,089,110
59$1,135,443$804,837$723,369$1,139,399
60$1,205,761$798,776$702,104$1,193,434
61$1,281,817$790,985$678,693$1,251,574
62$1,364,153$781,334$653,020$1,314,221
63$1,453,363$769,685$624,962$1,381,812
64$1,550,099$755,892$594,391$1,454,835
65$1,655,079$739,801$561,173$1,533,823
66$1,769,094$721,248$525,169$1,619,369
67$1,893,012$700,060$486,233$1,712,124
68$2,027,789$676,052$444,211$1,812,807
69$2,174,476$649,032$398,946$1,922,211
70$2,334,231$618,793$350,269$2,041,212
71$2,508,326$585,118$298,007$2,170,776
72$2,698,164$547,777$241,978$2,311,967
73$2,905,285$506,526$181,993$2,465,962
74$3,131,388$461,110$117,854$2,634,056
75$3,378,342$411,256$49,353$2,817,682
76$3,648,202$356,677$0$3,018,417
77$3,943,234$297,069$0$3,239,523
78$4,265,931$232,113$0$3,484,871
79$4,619,038$161,469$0$3,753,431
80$5,005,579$84,780$0$4,047,558
81$5,428,882$1,668$0$4,369,846
82$5,892,613$0$0$4,723,155
83$6,400,809$0$0$5,131,039
84$6,957,917$0$0$5,578,638
85$7,568,832$0$0$6,069,505
86$8,238,949$0$0$6,607,979
87$8,974,208$0$0$7,198,837
88$9,781,152$0$0$7,847,344
89$10,666,989$0$0$8,559,297
90$11,639,658$0$0$9,341,081
91$12,707,906$0$0$10,199,734
92$13,881,367$0$0$11,143,003
93$15,170,654$0$0$12,179,427
94$16,587,460$0$0$13,318,411
95$18,144,667$0$0$14,570,317
96$19,856,465$0$0$15,946,560
97$21,738,489$0$0$17,459,717
98$23,807,965$0$0$19,123,645
99$26,083,870$0$0$20,953,608
100$28,587,113$0$0$22,966,428