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%20%
1 years$63,916$63,347$62,791$62,249$61,720$59,248
2 years$31,642$31,052$30,481$29,928$29,390$26,931
3 years$20,885$20,293$19,723$19,175$18,646$16,277
4 years$15,508$14,918$14,354$13,814$13,299$11,037
5 years$12,282$11,696$11,139$10,611$10,110$7,962
6 years$10,132$9,550$9,002$8,486$7,999$5,967
7 years$8,597$8,020$7,481$6,976$6,506$4,587
8 years$7,447$6,875$6,344$5,852$5,397$3,591
9 years$6,552$5,986$5,464$4,985$4,545$2,849
10 years$5,837$5,276$4,764$4,297$3,873$2,282
11 years$5,253$4,697$4,194$3,740$3,331$1,843
12 years$4,766$4,216$3,722$3,280$2,886$1,497
13 years$4,354$3,810$3,325$2,896$2,517$1,222
14 years$4,001$3,463$2,988$2,571$2,206$1,001
15 years$3,696$3,164$2,698$2,293$1,943$822
16 years$3,429$2,903$2,446$2,053$1,717$678
17 years$3,194$2,673$2,226$1,844$1,522$559
18 years$2,985$2,470$2,032$1,662$1,354$462
19 years$2,798$2,289$1,860$1,502$1,206$383
20 years$2,631$2,127$1,707$1,360$1,078$317
21 years$2,479$1,981$1,570$1,235$964$263
22 years$2,341$1,850$1,447$1,122$864$219
23 years$2,216$1,730$1,336$1,022$776$182
24 years$2,101$1,621$1,236$932$697$151
25 years$1,995$1,521$1,144$851$628$126
26 years$1,898$1,430$1,061$779$565$104
27 years$1,808$1,345$986$713$510$87
28 years$1,725$1,268$916$653$460$72
29 years$1,648$1,196$853$599$415$60
30 years$1,576$1,129$794$550$375$50
31 years$1,508$1,068$740$505$339$42
32 years$1,445$1,010$691$464$307$35
33 years$1,386$957$645$427$278$29
34 years$1,331$907$603$392$251$24
35 years$1,278$860$563$361$228$20
36 years$1,229$816$527$333$206$17
37 years$1,183$775$493$307$187$14
38 years$1,139$737$462$283$170$12
39 years$1,098$701$433$261$154$10
40 years$1,058$667$406$240$139$8
41 years$1,021$635$380$222$127$7
42 years$985$604$357$205$115$6
43 years$952$576$335$189$104$5
44 years$920$549$314$174$95$4
45 years$889$523$295$161$86$3
46 years$860$499$277$149$78$3
47 years$832$476$260$137$71$2
48 years$805$455$245$127$64$2
49 years$780$434$230$117$58$2
50 years$756$415$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 $774,000, adding $5,334 every year, while hoping to spend $52,468 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: 67/15/18 Blend
53$774,000$774,000$774,000$774,000
54$858,450$817,428$805,431$911,835
55$890,186$801,656$776,587$932,431
56$923,401$783,354$745,019$948,346
57$958,190$762,340$710,579$964,467
58$994,657$738,426$673,115$980,813
59$1,032,913$711,410$632,465$997,403
60$1,073,080$681,079$588,463$1,014,265
61$1,115,291$647,209$540,933$1,031,427
62$1,159,689$609,560$489,693$1,048,925
63$1,206,432$567,883$434,552$1,066,799
64$1,255,688$521,909$375,309$1,085,096
65$1,307,643$471,358$311,757$1,103,870
66$1,362,500$415,932$243,679$1,123,184
67$1,420,479$355,316$170,846$1,143,107
68$1,481,821$289,179$93,022$1,163,722
69$1,546,787$217,170$9,959$1,185,122
70$1,615,666$138,918$0$1,207,411
71$1,688,770$54,031$0$1,245,823
72$1,766,442$0$0$1,288,405
73$1,849,057$0$0$1,339,705
74$1,937,026$0$0$1,403,852
75$2,030,798$0$0$1,472,258
76$2,130,865$0$0$1,545,285
77$2,237,765$0$0$1,623,332
78$2,352,091$0$0$1,706,833
79$2,474,489$0$0$1,796,265
80$2,605,669$0$0$1,892,152
81$2,746,412$0$0$1,995,069
82$2,897,572$0$0$2,105,646
83$3,060,088$0$0$2,224,575
84$3,234,990$0$0$2,352,615
85$3,423,409$0$0$2,490,602
86$3,626,587$0$0$2,639,450
87$3,845,891$0$0$2,800,167
88$4,082,820$0$0$2,973,860
89$4,339,022$0$0$3,161,743
90$4,616,308$0$0$3,365,154
91$4,916,671$0$0$3,585,562
92$5,242,300$0$0$3,824,582
93$5,595,604$0$0$4,083,990
94$5,979,230$0$0$4,365,742
95$6,396,092$0$0$4,671,985
96$6,849,393$0$0$5,005,084
97$7,342,659$0$0$5,367,641
98$7,879,769$0$0$5,762,519
99$8,464,992$0$0$6,192,866
100$9,103,024$0$0$6,662,149