Can I retire at age 54 with 774,000?

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 $774,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$63,916$63,347$62,791$62,249$61,720$60,033
2 years$31,642$31,052$30,481$29,928$29,390$27,703
3 years$20,885$20,293$19,723$19,175$18,646$17,012
4 years$15,508$14,918$14,354$13,814$13,299$11,729
5 years$12,282$11,696$11,139$10,611$10,110$8,609
6 years$10,132$9,550$9,002$8,486$7,999$6,570
7 years$8,597$8,020$7,481$6,976$6,506$5,147
8 years$7,447$6,875$6,344$5,852$5,397$4,109
9 years$6,552$5,986$5,464$4,985$4,545$3,326
10 years$5,837$5,276$4,764$4,297$3,873$2,721
11 years$5,253$4,697$4,194$3,740$3,331$2,244
12 years$4,766$4,216$3,722$3,280$2,886$1,863
13 years$4,354$3,810$3,325$2,896$2,517$1,555
14 years$4,001$3,463$2,988$2,571$2,206$1,304
15 years$3,696$3,164$2,698$2,293$1,943$1,097
16 years$3,429$2,903$2,446$2,053$1,717$925
17 years$3,194$2,673$2,226$1,844$1,522$783
18 years$2,985$2,470$2,032$1,662$1,354$663
19 years$2,798$2,289$1,860$1,502$1,206$563
20 years$2,631$2,127$1,707$1,360$1,078$479
21 years$2,479$1,981$1,570$1,235$964$407
22 years$2,341$1,850$1,447$1,122$864$347
23 years$2,216$1,730$1,336$1,022$776$296
24 years$2,101$1,621$1,236$932$697$252
25 years$1,995$1,521$1,144$851$628$216
26 years$1,898$1,430$1,061$779$565$184
27 years$1,808$1,345$986$713$510$157
28 years$1,725$1,268$916$653$460$135
29 years$1,648$1,196$853$599$415$115
30 years$1,576$1,129$794$550$375$98
31 years$1,508$1,068$740$505$339$84
32 years$1,445$1,010$691$464$307$72
33 years$1,386$957$645$427$278$62
34 years$1,331$907$603$392$251$53
35 years$1,278$860$563$361$228$45
36 years$1,229$816$527$333$206$39
37 years$1,183$775$493$307$187$33
38 years$1,139$737$462$283$170$28
39 years$1,098$701$433$261$154$24
40 years$1,058$667$406$240$139$21
41 years$1,021$635$380$222$127$18
42 years$985$604$357$205$115$15
43 years$952$576$335$189$104$13
44 years$920$549$314$174$95$11
45 years$889$523$295$161$86$10
46 years$860$499$277$149$78$8
47 years$832$476$260$137$71$7
48 years$805$455$245$127$64$6
49 years$780$434$230$117$58$5
50 years$756$415$216$108$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $774,000, adding $4,324 every year, while hoping to spend $55,461 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: 61/21/18 Blend
53$774,000$774,000$774,000$774,000
54$857,408$816,386$804,389$905,499
55$885,854$797,379$772,326$919,454
56$915,342$775,582$737,330$928,110
57$945,921$750,799$699,245$936,272
58$977,640$722,824$657,905$943,897
59$1,010,556$691,438$613,141$950,942
60$1,044,724$656,410$564,773$957,362
61$1,080,207$617,496$512,614$963,109
62$1,117,070$574,435$456,468$968,134
63$1,155,383$526,955$396,132$972,387
64$1,195,223$474,765$331,393$975,815
65$1,236,668$417,562$262,027$978,363
66$1,279,807$355,021$187,803$979,975
67$1,324,730$286,800$108,478$980,594
68$1,371,540$212,540$23,799$980,160
69$1,420,341$131,859$0$978,613
70$1,471,252$44,356$0$988,676
71$1,524,395$0$0$1,003,209
72$1,579,905$0$0$1,029,273
73$1,637,929$0$0$1,067,245
74$1,698,622$0$0$1,106,980
75$1,762,155$0$0$1,148,590
76$1,828,712$0$0$1,192,198
77$1,898,493$0$0$1,237,937
78$1,971,714$0$0$1,285,952
79$2,048,609$0$0$1,336,400
80$2,129,436$0$0$1,389,450
81$2,214,470$0$0$1,445,289
82$2,304,015$0$0$1,504,118
83$2,398,399$0$0$1,566,157
84$2,497,980$0$0$1,631,646
85$2,603,149$0$0$1,700,845
86$2,714,333$0$0$1,774,040
87$2,831,995$0$0$1,851,541
88$2,956,645$0$0$1,933,689
89$3,088,835$0$0$2,020,855
90$3,229,174$0$0$2,113,445
91$3,378,323$0$0$2,211,902
92$3,537,008$0$0$2,316,712
93$3,706,024$0$0$2,428,408
94$3,886,238$0$0$2,547,572
95$4,078,604$0$0$2,674,842
96$4,284,164$0$0$2,810,917
97$4,504,061$0$0$2,956,563
98$4,739,550$0$0$3,112,622
99$4,992,006$0$0$3,280,016
100$5,262,935$0$0$3,459,755