Can I retire at age 54 with 774,000?

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 $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%15.1%
1 years$63,916$63,347$62,791$62,249$61,720$60,424
2 years$31,642$31,052$30,481$29,928$29,390$28,091
3 years$20,885$20,293$19,723$19,175$18,646$17,384
4 years$15,508$14,918$14,354$13,814$13,299$12,083
5 years$12,282$11,696$11,139$10,611$10,110$8,944
6 years$10,132$9,550$9,002$8,486$7,999$6,885
7 years$8,597$8,020$7,481$6,976$6,506$5,443
8 years$7,447$6,875$6,344$5,852$5,397$4,386
9 years$6,552$5,986$5,464$4,985$4,545$3,584
10 years$5,837$5,276$4,764$4,297$3,873$2,962
11 years$5,253$4,697$4,194$3,740$3,331$2,468
12 years$4,766$4,216$3,722$3,280$2,886$2,071
13 years$4,354$3,810$3,325$2,896$2,517$1,747
14 years$4,001$3,463$2,988$2,571$2,206$1,481
15 years$3,696$3,164$2,698$2,293$1,943$1,260
16 years$3,429$2,903$2,446$2,053$1,717$1,075
17 years$3,194$2,673$2,226$1,844$1,522$920
18 years$2,985$2,470$2,032$1,662$1,354$789
19 years$2,798$2,289$1,860$1,502$1,206$677
20 years$2,631$2,127$1,707$1,360$1,078$583
21 years$2,479$1,981$1,570$1,235$964$502
22 years$2,341$1,850$1,447$1,122$864$433
23 years$2,216$1,730$1,336$1,022$776$374
24 years$2,101$1,621$1,236$932$697$323
25 years$1,995$1,521$1,144$851$628$280
26 years$1,898$1,430$1,061$779$565$242
27 years$1,808$1,345$986$713$510$209
28 years$1,725$1,268$916$653$460$181
29 years$1,648$1,196$853$599$415$157
30 years$1,576$1,129$794$550$375$136
31 years$1,508$1,068$740$505$339$118
32 years$1,445$1,010$691$464$307$102
33 years$1,386$957$645$427$278$89
34 years$1,331$907$603$392$251$77
35 years$1,278$860$563$361$228$67
36 years$1,229$816$527$333$206$58
37 years$1,183$775$493$307$187$50
38 years$1,139$737$462$283$170$44
39 years$1,098$701$433$261$154$38
40 years$1,058$667$406$240$139$33
41 years$1,021$635$380$222$127$29
42 years$985$604$357$205$115$25
43 years$952$576$335$189$104$22
44 years$920$549$314$174$95$19
45 years$889$523$295$161$86$16
46 years$860$499$277$149$78$14
47 years$832$476$260$137$71$12
48 years$805$455$245$127$64$11
49 years$780$434$230$117$58$9
50 years$756$415$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 $774,000, adding $4,564 every year, while hoping to spend $36,095 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: 79/9/12 Blend
53$774,000$774,000$774,000$774,000
54$857,656$816,634$804,637$923,128
55$906,732$818,244$793,187$968,423
56$959,604$818,723$780,145$1,012,987
57$1,016,621$817,978$765,417$1,060,840
58$1,078,167$815,910$748,909$1,112,292
59$1,144,663$812,412$730,520$1,167,689
60$1,216,571$807,373$710,146$1,227,411
61$1,294,402$800,675$687,676$1,291,876
62$1,378,715$792,192$662,996$1,361,544
63$1,470,124$781,789$635,987$1,436,925
64$1,569,306$769,327$606,522$1,518,579
65$1,677,006$754,654$574,472$1,607,122
66$1,794,042$737,613$539,697$1,703,236
67$1,921,313$718,036$502,056$1,807,671
68$2,059,811$695,744$461,400$1,921,254
69$2,210,626$670,549$417,570$2,044,897
70$2,374,955$642,252$370,405$2,179,605
71$2,554,121$610,642$319,733$2,326,485
72$2,749,574$575,496$265,377$2,486,760
73$2,962,913$536,579$207,150$2,661,776
74$3,195,900$493,640$144,859$2,853,018
75$3,450,469$446,416$78,300$3,062,123
76$3,728,756$394,630$7,261$3,290,895
77$4,033,108$337,985$0$3,541,322
78$4,366,109$276,171$0$3,824,377
79$4,730,609$208,859$0$4,135,261
80$5,129,740$135,703$0$4,475,742
81$5,566,957$56,335$0$4,848,788
82$6,046,059$0$0$5,257,675
83$6,571,236$0$0$5,708,942
84$7,147,097$0$0$6,209,902
85$7,778,723$0$0$6,759,398
86$8,471,707$0$0$7,362,299
87$9,232,211$0$0$8,023,969
88$10,067,023$0$0$8,750,317
89$10,983,619$0$0$9,547,852
90$11,990,236$0$0$10,423,743
91$13,095,945$0$0$11,385,888
92$14,310,742$0$0$12,442,988
93$15,645,638$0$0$13,604,627
94$17,112,761$0$0$14,881,367
95$18,725,476$0$0$16,284,839
96$20,498,505$0$0$17,827,862
97$22,448,068$0$0$19,524,554
98$24,592,036$0$0$21,390,474
99$26,950,099$0$0$23,442,762
100$29,543,949$0$0$25,700,303