Can I retire at age 54 with 777,000?

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 $777,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$64,164$63,592$63,035$62,491$61,959$61,620
2 years$31,764$31,173$30,599$30,044$29,504$29,162
3 years$20,966$20,372$19,800$19,249$18,719$18,384
4 years$15,568$14,975$14,409$13,868$13,350$13,026
5 years$12,330$11,741$11,182$10,652$10,149$9,836
6 years$10,172$9,587$9,037$8,518$8,030$7,729
7 years$8,631$8,051$7,510$7,003$6,531$6,241
8 years$7,476$6,902$6,369$5,875$5,418$5,139
9 years$6,578$6,009$5,485$5,004$4,563$4,296
10 years$5,860$5,297$4,782$4,314$3,888$3,632
11 years$5,273$4,715$4,210$3,754$3,344$3,099
12 years$4,784$4,232$3,737$3,293$2,897$2,664
13 years$4,371$3,825$3,338$2,907$2,527$2,304
14 years$4,017$3,477$3,000$2,581$2,215$2,003
15 years$3,710$3,176$2,708$2,301$1,950$1,749
16 years$3,442$2,914$2,455$2,061$1,723$1,532
17 years$3,206$2,684$2,234$1,852$1,528$1,346
18 years$2,997$2,480$2,040$1,669$1,359$1,186
19 years$2,809$2,298$1,867$1,508$1,211$1,048
20 years$2,641$2,136$1,714$1,366$1,082$927
21 years$2,489$1,989$1,576$1,239$968$822
22 years$2,350$1,857$1,453$1,127$868$730
23 years$2,224$1,737$1,341$1,026$779$649
24 years$2,109$1,627$1,240$936$700$577
25 years$2,003$1,527$1,149$855$630$514
26 years$1,906$1,435$1,066$782$567$459
27 years$1,815$1,351$989$715$512$409
28 years$1,732$1,273$920$655$462$366
29 years$1,654$1,201$856$601$417$327
30 years$1,582$1,134$797$552$377$292
31 years$1,514$1,072$743$507$341$261
32 years$1,451$1,014$694$466$308$234
33 years$1,391$960$648$428$279$210
34 years$1,336$910$605$394$252$188
35 years$1,283$863$566$363$229$168
36 years$1,234$820$529$334$207$151
37 years$1,187$778$495$308$188$135
38 years$1,143$740$464$284$170$121
39 years$1,102$703$435$262$154$109
40 years$1,062$669$407$241$140$98
41 years$1,025$637$382$223$127$87
42 years$989$607$358$205$115$79
43 years$955$578$336$190$105$70
44 years$923$551$316$175$95$63
45 years$892$525$296$162$86$57
46 years$863$501$278$149$78$51
47 years$835$478$261$138$71$46
48 years$809$457$246$127$65$41
49 years$783$436$231$118$59$37
50 years$759$417$217$109$53$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $777,000, adding $6,317 every year, while hoping to spend $55,093 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: 47/25/28 Blend
53$777,000$777,000$777,000$777,000
54$862,770$821,589$809,545$896,138
55$892,154$803,228$778,047$901,958
56$922,689$782,121$743,646$902,412
57$954,433$758,076$706,189$901,841
58$987,451$730,887$665,512$900,177
59$1,021,810$700,340$621,446$897,351
60$1,057,584$666,205$573,813$893,289
61$1,094,850$628,242$522,428$887,915
62$1,133,693$586,194$467,098$881,150
63$1,174,204$539,792$407,620$872,911
64$1,216,481$488,750$343,783$863,114
65$1,260,629$432,765$275,367$851,669
66$1,306,762$371,520$202,140$838,487
67$1,355,003$304,676$123,864$823,472
68$1,405,486$231,878$40,286$806,528
69$1,458,355$152,749$0$787,556
70$1,513,766$66,892$0$781,065
71$1,571,888$0$0$786,133
72$1,632,907$0$0$797,872
73$1,697,020$0$0$829,571
74$1,764,447$0$0$862,938
75$1,835,422$0$0$898,095
76$1,910,204$0$0$935,172
77$1,989,071$0$0$974,313
78$2,072,330$0$0$1,015,675
79$2,160,313$0$0$1,059,429
80$2,253,383$0$0$1,105,760
81$2,351,937$0$0$1,154,872
82$2,456,408$0$0$1,206,988
83$2,567,269$0$0$1,262,351
84$2,685,038$0$0$1,321,227
85$2,810,280$0$0$1,383,907
86$2,943,614$0$0$1,450,709
87$3,085,720$0$0$1,521,983
88$3,237,339$0$0$1,598,111
89$3,399,284$0$0$1,679,512
90$3,572,448$0$0$1,766,646
91$3,757,807$0$0$1,860,015
92$3,956,433$0$0$1,960,173
93$4,169,502$0$0$2,067,726
94$4,398,304$0$0$2,183,339
95$4,644,254$0$0$2,307,743
96$4,908,907$0$0$2,441,739
97$5,193,969$0$0$2,586,210
98$5,501,314$0$0$2,742,121
99$5,833,002$0$0$2,910,538
100$6,191,294$0$0$3,092,628