Can I retire at age 54 with 775,000?

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 $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%12.4%
1 years$63,999$63,429$62,873$62,330$61,800$61,180
2 years$31,683$31,093$30,521$29,966$29,428$28,804
3 years$20,912$20,319$19,749$19,200$18,671$18,061
4 years$15,528$14,937$14,372$13,832$13,316$12,726
5 years$12,298$11,711$11,153$10,624$10,123$9,554
6 years$10,145$9,563$9,014$8,496$8,010$7,463
7 years$8,609$8,031$7,490$6,985$6,514$5,990
8 years$7,456$6,884$6,352$5,860$5,404$4,902
9 years$6,561$5,994$5,471$4,991$4,551$4,071
10 years$5,845$5,283$4,770$4,303$3,878$3,419
11 years$5,259$4,703$4,199$3,745$3,335$2,898
12 years$4,772$4,221$3,727$3,284$2,890$2,474
13 years$4,359$3,815$3,330$2,900$2,520$2,125
14 years$4,006$3,468$2,992$2,574$2,209$1,834
15 years$3,701$3,168$2,701$2,296$1,945$1,589
16 years$3,434$2,906$2,449$2,055$1,719$1,382
17 years$3,198$2,677$2,229$1,847$1,524$1,205
18 years$2,989$2,473$2,034$1,664$1,355$1,054
19 years$2,802$2,292$1,862$1,504$1,208$923
20 years$2,634$2,130$1,709$1,362$1,079$811
21 years$2,482$1,984$1,572$1,236$966$713
22 years$2,344$1,852$1,449$1,124$866$628
23 years$2,219$1,732$1,338$1,024$777$553
24 years$2,104$1,623$1,237$934$698$488
25 years$1,998$1,523$1,146$853$628$431
26 years$1,901$1,431$1,063$780$566$381
27 years$1,811$1,347$987$714$510$337
28 years$1,727$1,269$917$654$460$299
29 years$1,650$1,198$854$600$416$265
30 years$1,578$1,131$795$550$376$235
31 years$1,510$1,069$741$505$340$208
32 years$1,447$1,012$692$464$307$184
33 years$1,388$958$646$427$278$164
34 years$1,332$908$603$393$252$145
35 years$1,280$861$564$362$228$129
36 years$1,231$817$528$333$207$115
37 years$1,184$776$494$307$187$102
38 years$1,140$738$463$283$170$90
39 years$1,099$702$433$261$154$80
40 years$1,060$667$406$241$140$71
41 years$1,022$635$381$222$127$63
42 years$987$605$357$205$115$56
43 years$953$577$335$189$104$50
44 years$921$550$315$175$95$45
45 years$890$524$296$161$86$40
46 years$861$500$278$149$78$35
47 years$833$477$261$138$71$31
48 years$807$455$245$127$64$28
49 years$781$435$230$118$58$25
50 years$757$415$217$109$53$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $775,000, adding $2,978 every year, while hoping to spend $30,789 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: 71/16/13 Blend
53$775,000$775,000$775,000$775,000
54$857,122$816,047$804,034$915,361
55$911,789$823,274$798,210$961,596
56$971,000$829,823$791,159$1,008,163
57$1,035,187$835,629$782,807$1,058,326
58$1,104,822$840,621$773,078$1,112,434
59$1,180,428$844,725$761,890$1,170,871
60$1,262,577$847,863$749,159$1,234,061
61$1,351,901$849,949$734,796$1,302,472
62$1,449,093$850,894$718,710$1,376,619
63$1,554,916$850,603$700,802$1,457,071
64$1,670,210$848,976$680,972$1,544,454
65$1,795,900$845,905$659,114$1,639,460
66$1,933,004$841,276$635,116$1,742,851
67$2,082,641$834,969$608,862$1,855,466
68$2,246,043$826,855$580,232$1,978,234
69$2,424,569$816,800$549,099$2,112,176
70$2,619,710$804,659$515,330$2,258,419
71$2,833,113$790,280$478,786$2,418,205
72$3,066,589$773,501$439,323$2,592,906
73$3,322,130$754,152$396,790$2,784,033
74$3,601,933$732,052$351,028$2,993,251
75$3,908,416$707,008$301,873$3,222,400
76$4,244,242$678,818$249,153$3,473,504
77$4,612,342$647,268$192,687$3,748,799
78$5,015,947$612,130$132,288$4,050,748
79$5,458,614$573,165$67,760$4,382,068
80$5,944,261$530,118$0$4,745,754
81$6,477,203$482,721$0$5,145,263
82$7,062,194$430,691$0$5,594,124
83$7,704,469$373,727$0$6,086,974
84$8,409,798$311,512$0$6,628,273
85$9,184,534$243,713$0$7,222,936
86$10,035,676$169,975$0$7,876,381
87$10,970,936$89,924$0$8,594,577
88$11,998,809$3,168$0$9,384,105
89$13,128,652$0$0$10,252,218
90$14,370,778$0$0$11,222,880
91$15,736,545$0$0$12,290,819
92$17,238,469$0$0$13,465,268
93$18,890,338$0$0$14,757,016
94$20,707,345$0$0$16,177,949
95$22,706,227$0$0$17,741,162
96$24,905,427$0$0$19,461,084
97$27,325,266$0$0$21,353,613
98$29,988,132$0$0$23,436,266
99$32,918,694$0$0$25,728,345
100$36,144,134$0$0$28,251,115