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%19.3%
1 years$63,834$63,265$62,710$62,169$61,640$59,335
2 years$31,601$31,012$30,442$29,889$29,352$27,057
3 years$20,858$20,267$19,698$19,150$18,622$16,408
4 years$15,488$14,898$14,335$13,797$13,282$11,165
5 years$12,266$11,680$11,125$10,597$10,096$8,084
6 years$10,119$9,538$8,990$8,475$7,989$6,082
7 years$8,586$8,010$7,471$6,967$6,497$4,694
8 years$7,437$6,866$6,336$5,845$5,390$3,690
9 years$6,544$5,978$5,457$4,978$4,539$2,940
10 years$5,830$5,269$4,758$4,291$3,868$2,366
11 years$5,246$4,691$4,189$3,735$3,326$1,919
12 years$4,759$4,210$3,717$3,276$2,882$1,566
13 years$4,348$3,805$3,321$2,892$2,514$1,284
14 years$3,996$3,459$2,984$2,567$2,203$1,057
15 years$3,691$3,160$2,694$2,290$1,940$873
16 years$3,425$2,899$2,443$2,050$1,715$723
17 years$3,190$2,670$2,223$1,842$1,520$600
18 years$2,981$2,467$2,029$1,660$1,352$499
19 years$2,795$2,286$1,858$1,500$1,205$415
20 years$2,627$2,125$1,705$1,359$1,076$346
21 years$2,476$1,979$1,568$1,233$963$289
22 years$2,338$1,847$1,445$1,121$863$241
23 years$2,213$1,728$1,334$1,021$775$201
24 years$2,098$1,619$1,234$931$697$168
25 years$1,993$1,519$1,143$850$627$141
26 years$1,896$1,428$1,060$778$565$118
27 years$1,806$1,344$984$712$509$98
28 years$1,723$1,266$915$652$459$82
29 years$1,646$1,194$852$598$415$69
30 years$1,573$1,128$793$549$375$58
31 years$1,506$1,066$739$504$339$48
32 years$1,443$1,009$690$463$306$41
33 years$1,384$956$644$426$277$34
34 years$1,329$906$602$392$251$28
35 years$1,277$859$563$361$227$24
36 years$1,228$815$526$332$206$20
37 years$1,181$774$493$306$187$17
38 years$1,138$736$461$282$169$14
39 years$1,096$700$432$260$154$12
40 years$1,057$666$405$240$139$10
41 years$1,020$634$380$221$126$8
42 years$984$604$356$204$115$7
43 years$950$575$334$189$104$6
44 years$918$548$314$174$94$5
45 years$888$523$295$161$86$4
46 years$859$499$277$149$78$3
47 years$831$476$260$137$71$3
48 years$804$454$244$127$64$2
49 years$779$434$230$117$58$2
50 years$755$414$216$108$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $773,000, adding $5,354 every year, while hoping to spend $40,965 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: 36/47/17 Blend
53$773,000$773,000$773,000$773,000
54$857,369$816,400$804,418$883,616
55$901,234$812,817$787,780$899,542
56$948,200$807,685$769,211$912,472
57$998,541$800,886$748,604$925,563
58$1,052,556$792,293$725,846$938,852
59$1,110,573$781,772$700,818$952,383
60$1,172,954$769,182$673,398$966,208
61$1,240,094$754,371$643,456$980,385
62$1,312,429$737,180$610,857$994,987
63$1,390,436$717,441$575,460$1,010,095
64$1,474,641$694,976$537,118$1,025,803
65$1,565,619$669,594$495,676$1,042,220
66$1,664,005$641,097$450,974$1,059,470
67$1,770,495$609,272$402,843$1,077,696
68$1,885,854$573,896$351,107$1,097,061
69$2,010,926$534,731$295,584$1,117,749
70$2,146,636$491,528$236,081$1,139,972
71$2,294,002$444,022$172,399$1,163,968
72$2,454,144$391,933$104,328$1,190,005
73$2,628,294$334,965$31,651$1,218,391
74$2,817,808$272,807$0$1,249,467
75$3,024,177$205,128$0$1,291,950
76$3,249,044$131,579$0$1,344,616
77$3,494,213$51,793$0$1,402,253
78$3,761,673$0$0$1,465,456
79$4,053,612$0$0$1,552,797
80$4,372,439$0$0$1,677,539
81$4,720,805$0$0$1,813,944
82$5,101,629$0$0$1,963,169
83$5,518,126$0$0$2,126,488
84$5,973,833$0$0$2,305,302
85$6,472,647$0$0$2,501,156
86$7,018,859$0$0$2,715,749
87$7,617,193$0$0$2,950,954
88$8,272,854$0$0$3,208,833
89$8,991,571$0$0$3,491,657
90$9,779,656$0$0$3,801,929
91$10,644,061$0$0$4,142,403
92$11,592,442$0$0$4,516,115
93$12,633,232$0$0$4,926,408
94$13,775,721$0$0$5,376,965
95$15,030,142$0$0$5,871,842
96$16,407,767$0$0$6,415,510
97$17,921,013$0$0$7,012,891
98$19,583,559$0$0$7,669,409
99$21,410,475$0$0$8,391,040
100$23,418,362$0$0$9,184,366