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%12.6%
1 years$63,916$63,347$62,791$62,249$61,720$61,050
2 years$31,642$31,052$30,481$29,928$29,390$28,716
3 years$20,885$20,293$19,723$19,175$18,646$17,988
4 years$15,508$14,918$14,354$13,814$13,299$12,662
5 years$12,282$11,696$11,139$10,611$10,110$9,496
6 years$10,132$9,550$9,002$8,486$7,999$7,410
7 years$8,597$8,020$7,481$6,976$6,506$5,940
8 years$7,447$6,875$6,344$5,852$5,397$4,856
9 years$6,552$5,986$5,464$4,985$4,545$4,028
10 years$5,837$5,276$4,764$4,297$3,873$3,379
11 years$5,253$4,697$4,194$3,740$3,331$2,861
12 years$4,766$4,216$3,722$3,280$2,886$2,439
13 years$4,354$3,810$3,325$2,896$2,517$2,092
14 years$4,001$3,463$2,988$2,571$2,206$1,803
15 years$3,696$3,164$2,698$2,293$1,943$1,560
16 years$3,429$2,903$2,446$2,053$1,717$1,355
17 years$3,194$2,673$2,226$1,844$1,522$1,180
18 years$2,985$2,470$2,032$1,662$1,354$1,030
19 years$2,798$2,289$1,860$1,502$1,206$901
20 years$2,631$2,127$1,707$1,360$1,078$790
21 years$2,479$1,981$1,570$1,235$964$694
22 years$2,341$1,850$1,447$1,122$864$610
23 years$2,216$1,730$1,336$1,022$776$537
24 years$2,101$1,621$1,236$932$697$473
25 years$1,995$1,521$1,144$851$628$417
26 years$1,898$1,430$1,061$779$565$368
27 years$1,808$1,345$986$713$510$325
28 years$1,725$1,268$916$653$460$288
29 years$1,648$1,196$853$599$415$254
30 years$1,576$1,129$794$550$375$225
31 years$1,508$1,068$740$505$339$199
32 years$1,445$1,010$691$464$307$176
33 years$1,386$957$645$427$278$156
34 years$1,331$907$603$392$251$139
35 years$1,278$860$563$361$228$123
36 years$1,229$816$527$333$206$109
37 years$1,183$775$493$307$187$97
38 years$1,139$737$462$283$170$86
39 years$1,098$701$433$261$154$76
40 years$1,058$667$406$240$139$67
41 years$1,021$635$380$222$127$60
42 years$985$604$357$205$115$53
43 years$952$576$335$189$104$47
44 years$920$549$314$174$95$42
45 years$889$523$295$161$86$37
46 years$860$499$277$149$78$33
47 years$832$476$260$137$71$29
48 years$805$455$245$127$64$26
49 years$780$434$230$117$58$23
50 years$756$415$216$108$53$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $774,000, adding $4,237 every year, while hoping to spend $26,810 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: 73/18/9 Blend
53$774,000$774,000$774,000$774,000
54$857,318$816,296$804,299$918,246
55$916,239$827,769$802,718$970,504
56$980,272$838,906$800,185$1,023,960
57$1,049,908$849,661$796,640$1,081,761
58$1,125,692$859,987$792,020$1,144,328
59$1,208,219$869,834$786,260$1,212,127
60$1,298,147$879,145$779,289$1,285,667
61$1,396,198$887,863$771,035$1,365,515
62$1,503,168$895,926$761,423$1,452,290
63$1,619,933$903,268$750,372$1,546,677
64$1,747,456$909,818$737,799$1,649,431
65$1,886,798$915,501$723,617$1,761,382
66$2,039,128$920,237$707,735$1,883,449
67$2,205,732$923,942$690,057$2,016,639
68$2,388,026$926,524$670,483$2,162,066
69$2,587,569$927,888$648,909$2,320,958
70$2,806,078$927,932$625,224$2,494,664
71$3,045,444$926,547$599,316$2,684,677
72$3,307,750$923,618$571,063$2,892,638
73$3,595,289$919,024$540,342$3,120,358
74$3,910,586$912,634$507,021$3,369,831
75$4,256,424$904,311$470,964$3,643,259
76$4,635,866$893,909$432,029$3,943,063
77$5,052,288$881,274$390,066$4,271,918
78$5,509,407$866,243$344,919$4,632,768
79$6,011,319$848,641$296,426$5,028,860
80$6,562,535$828,285$244,417$5,463,773
81$7,168,023$804,981$188,714$5,941,451
82$7,833,258$778,522$129,133$6,466,242
83$8,564,272$748,691$65,481$7,042,939
84$9,367,707$715,256$0$7,676,824
85$10,250,884$677,975$0$8,373,956
86$11,221,867$636,588$0$9,147,242
87$12,289,540$590,824$0$9,997,486
88$13,463,692$540,392$0$10,932,505
89$14,755,106$484,990$0$11,960,918
90$16,175,665$424,293$0$13,092,223
91$17,738,461$357,961$0$14,336,887
92$19,457,918$285,635$0$15,706,446
93$21,349,929$206,934$0$17,213,614
94$23,432,004$121,456$0$18,872,401
95$25,723,440$28,779$0$20,698,250
96$28,245,495$0$0$22,708,178
97$31,021,595$0$0$24,935,112
98$34,077,551$0$0$27,392,860
99$37,441,806$0$0$30,098,602
100$41,145,697$0$0$33,077,546