Can I retire at age 54 with 775,000?

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 $775,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$63,999$63,429$62,873$62,330$61,800$59,583
2 years$31,683$31,093$30,521$29,966$29,428$27,219
3 years$20,912$20,319$19,749$19,200$18,671$16,538
4 years$15,528$14,937$14,372$13,832$13,316$11,277
5 years$12,298$11,711$11,153$10,624$10,123$8,182
6 years$10,145$9,563$9,014$8,496$8,010$6,169
7 years$8,609$8,031$7,490$6,985$6,514$4,773
8 years$7,456$6,884$6,352$5,860$5,404$3,761
9 years$6,561$5,994$5,471$4,991$4,551$3,003
10 years$5,845$5,283$4,770$4,303$3,878$2,423
11 years$5,259$4,703$4,199$3,745$3,335$1,971
12 years$4,772$4,221$3,727$3,284$2,890$1,613
13 years$4,359$3,815$3,330$2,900$2,520$1,326
14 years$4,006$3,468$2,992$2,574$2,209$1,095
15 years$3,701$3,168$2,701$2,296$1,945$907
16 years$3,434$2,906$2,449$2,055$1,719$753
17 years$3,198$2,677$2,229$1,847$1,524$627
18 years$2,989$2,473$2,034$1,664$1,355$522
19 years$2,802$2,292$1,862$1,504$1,208$436
20 years$2,634$2,130$1,709$1,362$1,079$365
21 years$2,482$1,984$1,572$1,236$966$305
22 years$2,344$1,852$1,449$1,124$866$255
23 years$2,219$1,732$1,338$1,024$777$214
24 years$2,104$1,623$1,237$934$698$180
25 years$1,998$1,523$1,146$853$628$151
26 years$1,901$1,431$1,063$780$566$126
27 years$1,811$1,347$987$714$510$106
28 years$1,727$1,269$917$654$460$89
29 years$1,650$1,198$854$600$416$75
30 years$1,578$1,131$795$550$376$63
31 years$1,510$1,069$741$505$340$53
32 years$1,447$1,012$692$464$307$44
33 years$1,388$958$646$427$278$37
34 years$1,332$908$603$393$252$31
35 years$1,280$861$564$362$228$26
36 years$1,231$817$528$333$207$22
37 years$1,184$776$494$307$187$19
38 years$1,140$738$463$283$170$16
39 years$1,099$702$433$261$154$13
40 years$1,060$667$406$241$140$11
41 years$1,022$635$381$222$127$9
42 years$987$605$357$205$115$8
43 years$953$577$335$189$104$7
44 years$921$550$315$175$95$6
45 years$890$524$296$161$86$5
46 years$861$500$278$149$78$4
47 years$833$477$261$138$71$3
48 years$807$455$245$127$64$3
49 years$781$435$230$118$58$2
50 years$757$415$217$109$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $775,000, adding $6,573 every year, while hoping to spend $26,770 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: 68/23/9 Blend
53$775,000$775,000$775,000$775,000
54$860,830$819,755$807,743$917,419
55$920,152$831,440$806,319$967,509
56$984,627$842,800$803,950$1,018,419
57$1,054,753$853,792$800,577$1,073,385
58$1,131,077$864,367$796,136$1,132,797
59$1,214,202$874,476$790,561$1,197,091
60$1,304,790$884,064$783,784$1,266,741
61$1,403,570$893,075$775,732$1,342,276
62$1,511,345$901,447$766,330$1,424,274
63$1,628,998$909,113$755,498$1,513,374
64$1,757,502$916,006$743,153$1,610,280
65$1,897,927$922,050$729,209$1,715,770
66$2,051,452$927,167$713,574$1,830,698
67$2,219,375$931,273$696,153$1,956,008
68$2,403,124$934,278$676,847$2,092,741
69$2,604,273$936,088$655,552$2,242,042
70$2,824,554$936,601$632,158$2,405,175
71$3,065,874$935,711$606,551$2,583,534
72$3,330,336$933,303$578,613$2,778,655
73$3,620,253$929,258$548,220$2,992,231
74$3,938,173$923,446$515,239$3,226,129
75$4,286,904$915,732$479,537$3,482,407
76$4,669,537$905,972$440,970$3,763,334
77$5,089,478$894,012$399,391$4,071,412
78$5,550,477$879,692$354,643$4,409,398
79$6,056,668$862,838$306,566$4,780,332
80$6,612,601$843,270$254,989$5,187,565
81$7,223,291$820,796$199,736$5,634,793
82$7,894,262$795,210$140,622$6,126,089
83$8,631,600$766,298$77,456$6,665,942
84$9,442,007$733,831$10,035$7,259,304
85$10,332,871$697,568$0$7,911,630
86$11,312,328$657,253$0$8,634,883
87$12,389,343$612,615$0$9,431,163
88$13,573,792$563,370$0$10,306,839
89$14,876,559$509,215$0$11,269,991
90$16,309,633$449,832$0$12,329,527
91$17,886,223$384,881$0$13,495,266
92$19,620,886$314,008$0$14,778,027
93$21,529,657$236,836$0$16,189,738
94$23,630,208$152,966$0$17,743,544
95$25,942,008$61,980$0$19,453,934
96$28,486,508$0$0$21,336,875
97$31,287,348$0$0$23,419,224
98$34,370,573$0$0$25,728,842
99$37,764,882$0$0$28,271,549
100$41,501,899$0$0$31,071,039