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%19.7%
1 years$63,834$63,265$62,710$62,169$61,640$59,241
2 years$31,601$31,012$30,442$29,889$29,352$26,965
3 years$20,858$20,267$19,698$19,150$18,622$16,321
4 years$15,488$14,898$14,335$13,797$13,282$11,084
5 years$12,266$11,680$11,125$10,597$10,096$8,008
6 years$10,119$9,538$8,990$8,475$7,989$6,011
7 years$8,586$8,010$7,471$6,967$6,497$4,629
8 years$7,437$6,866$6,336$5,845$5,390$3,631
9 years$6,544$5,978$5,457$4,978$4,539$2,885
10 years$5,830$5,269$4,758$4,291$3,868$2,316
11 years$5,246$4,691$4,189$3,735$3,326$1,874
12 years$4,759$4,210$3,717$3,276$2,882$1,525
13 years$4,348$3,805$3,321$2,892$2,514$1,247
14 years$3,996$3,459$2,984$2,567$2,203$1,024
15 years$3,691$3,160$2,694$2,290$1,940$843
16 years$3,425$2,899$2,443$2,050$1,715$696
17 years$3,190$2,670$2,223$1,842$1,520$576
18 years$2,981$2,467$2,029$1,660$1,352$477
19 years$2,795$2,286$1,858$1,500$1,205$396
20 years$2,627$2,125$1,705$1,359$1,076$329
21 years$2,476$1,979$1,568$1,233$963$274
22 years$2,338$1,847$1,445$1,121$863$228
23 years$2,213$1,728$1,334$1,021$775$190
24 years$2,098$1,619$1,234$931$697$158
25 years$1,993$1,519$1,143$850$627$132
26 years$1,896$1,428$1,060$778$565$110
27 years$1,806$1,344$984$712$509$92
28 years$1,723$1,266$915$652$459$76
29 years$1,646$1,194$852$598$415$64
30 years$1,573$1,128$793$549$375$53
31 years$1,506$1,066$739$504$339$44
32 years$1,443$1,009$690$463$306$37
33 years$1,384$956$644$426$277$31
34 years$1,329$906$602$392$251$26
35 years$1,277$859$563$361$227$22
36 years$1,228$815$526$332$206$18
37 years$1,181$774$493$306$187$15
38 years$1,138$736$461$282$169$13
39 years$1,096$700$432$260$154$11
40 years$1,057$666$405$240$139$9
41 years$1,020$634$380$221$126$7
42 years$984$604$356$204$115$6
43 years$950$575$334$189$104$5
44 years$918$548$314$174$94$4
45 years$888$523$295$161$86$4
46 years$859$499$277$149$78$3
47 years$831$476$260$137$71$2
48 years$804$454$244$127$64$2
49 years$779$434$230$117$58$2
50 years$755$414$216$108$53$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $773,000, adding $4,389 every year, while hoping to spend $31,484 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: 55/39/6 Blend
53$773,000$773,000$773,000$773,000
54$856,373$815,404$803,423$902,109
55$910,225$821,860$796,839$939,917
56$968,514$827,578$788,979$977,179
57$1,031,660$832,486$779,767$1,016,973
58$1,100,124$836,513$769,124$1,059,543
59$1,174,413$839,579$756,967$1,105,160
60$1,255,085$841,601$743,207$1,154,121
61$1,342,754$842,489$727,755$1,206,758
62$1,438,094$842,150$710,513$1,263,434
63$1,541,847$840,483$691,384$1,324,552
64$1,654,831$837,382$670,260$1,390,557
65$1,777,945$832,735$647,035$1,461,942
66$1,912,177$826,420$621,592$1,539,251
67$2,058,616$818,312$593,813$1,623,083
68$2,218,462$808,276$563,572$1,714,102
69$2,393,032$796,169$530,739$1,813,042
70$2,583,780$781,840$495,177$1,920,712
71$2,792,303$765,128$456,743$2,038,008
72$3,020,363$745,864$415,289$2,165,917
73$3,269,897$723,868$370,658$2,305,531
74$3,543,039$698,951$322,688$2,458,057
75$3,842,140$670,910$271,209$2,624,825
76$4,169,787$639,533$216,043$2,807,306
77$4,528,830$604,595$157,006$3,007,124
78$4,922,408$565,857$93,902$3,226,071
79$5,353,977$523,068$26,532$3,466,128
80$5,827,345$475,961$0$3,729,481
81$6,346,705$424,254$0$4,021,446
82$6,916,677$367,650$0$4,343,784
83$7,542,348$305,835$0$4,697,751
84$8,229,323$238,476$0$5,086,608
85$8,983,775$165,223$0$5,513,952
86$9,812,506$85,704$0$5,983,755
87$10,723,007$0$0$6,500,397
88$11,723,533$0$0$7,068,914
89$12,823,176$0$0$7,734,251
90$14,031,954$0$0$8,465,698
91$15,360,903$0$0$9,269,943
92$16,822,181$0$0$10,154,355
93$18,429,186$0$0$11,127,051
94$20,196,676$0$0$12,196,976
95$22,140,914$0$0$13,373,985
96$24,279,815$0$0$14,668,936
97$26,633,120$0$0$16,093,792
98$29,222,581$0$0$17,661,735
99$32,072,162$0$0$19,387,289
100$35,208,271$0$0$21,286,457