Can I retire at age 54 with 777,000?

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 $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%11.6%
1 years$64,164$63,592$63,035$62,491$61,959$61,543
2 years$31,764$31,173$30,599$30,044$29,504$29,084
3 years$20,966$20,372$19,800$19,249$18,719$18,308
4 years$15,568$14,975$14,409$13,868$13,350$12,953
5 years$12,330$11,741$11,182$10,652$10,149$9,765
6 years$10,172$9,587$9,037$8,518$8,030$7,661
7 years$8,631$8,051$7,510$7,003$6,531$6,176
8 years$7,476$6,902$6,369$5,875$5,418$5,077
9 years$6,578$6,009$5,485$5,004$4,563$4,236
10 years$5,860$5,297$4,782$4,314$3,888$3,575
11 years$5,273$4,715$4,210$3,754$3,344$3,045
12 years$4,784$4,232$3,737$3,293$2,897$2,613
13 years$4,371$3,825$3,338$2,907$2,527$2,255
14 years$4,017$3,477$3,000$2,581$2,215$1,957
15 years$3,710$3,176$2,708$2,301$1,950$1,705
16 years$3,442$2,914$2,455$2,061$1,723$1,491
17 years$3,206$2,684$2,234$1,852$1,528$1,307
18 years$2,997$2,480$2,040$1,669$1,359$1,150
19 years$2,809$2,298$1,867$1,508$1,211$1,013
20 years$2,641$2,136$1,714$1,366$1,082$895
21 years$2,489$1,989$1,576$1,239$968$791
22 years$2,350$1,857$1,453$1,127$868$701
23 years$2,224$1,737$1,341$1,026$779$622
24 years$2,109$1,627$1,240$936$700$552
25 years$2,003$1,527$1,149$855$630$491
26 years$1,906$1,435$1,066$782$567$437
27 years$1,815$1,351$989$715$512$389
28 years$1,732$1,273$920$655$462$346
29 years$1,654$1,201$856$601$417$309
30 years$1,582$1,134$797$552$377$276
31 years$1,514$1,072$743$507$341$246
32 years$1,451$1,014$694$466$308$220
33 years$1,391$960$648$428$279$196
34 years$1,336$910$605$394$252$175
35 years$1,283$863$566$363$229$157
36 years$1,234$820$529$334$207$140
37 years$1,187$778$495$308$188$125
38 years$1,143$740$464$284$170$112
39 years$1,102$703$435$262$154$100
40 years$1,062$669$407$241$140$90
41 years$1,025$637$382$223$127$80
42 years$989$607$358$205$115$72
43 years$955$578$336$190$105$64
44 years$923$551$316$175$95$58
45 years$892$525$296$162$86$52
46 years$863$501$278$149$78$46
47 years$835$478$261$138$71$41
48 years$809$457$246$127$65$37
49 years$783$436$231$118$59$33
50 years$759$417$217$109$53$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $777,000, adding $3,869 every year, while hoping to spend $40,957 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: 32/41/27 Blend
53$777,000$777,000$777,000$777,000
54$860,245$819,064$807,020$880,576
55$904,412$815,620$790,478$892,993
56$951,711$810,635$772,008$902,459
57$1,002,419$803,989$751,504$911,849
58$1,056,839$795,558$728,852$921,182
59$1,115,303$785,206$703,935$930,487
60$1,178,176$772,794$676,629$939,796
61$1,245,859$758,170$646,805$949,152
62$1,318,793$741,176$614,329$958,602
63$1,397,460$721,644$579,060$968,206
64$1,482,392$699,396$540,849$978,034
65$1,574,172$674,243$499,544$988,167
66$1,673,443$645,985$454,983$998,702
67$1,780,907$614,412$406,999$1,009,749
68$1,897,342$579,300$355,416$1,021,436
69$2,023,599$540,414$300,050$1,033,912
70$2,160,615$497,503$240,710$1,047,346
71$2,309,420$450,303$177,197$1,061,932
72$2,471,149$398,536$109,301$1,077,893
73$2,647,049$341,907$36,805$1,095,481
74$2,838,491$280,104$0$1,114,982
75$3,046,987$212,798$0$1,148,406
76$3,274,196$139,642$0$1,196,511
77$3,521,947$60,268$0$1,249,168
78$3,792,254$0$0$1,306,920
79$4,087,330$0$0$1,381,971
80$4,409,615$0$0$1,493,751
81$4,761,791$0$0$1,616,013
82$5,146,816$0$0$1,749,798
83$5,567,941$0$0$1,896,251
84$6,028,751$0$0$2,056,633
85$6,533,188$0$0$2,232,333
86$7,085,597$0$0$2,424,882
87$7,690,762$0$0$2,635,963
88$8,353,950$0$0$2,867,432
89$9,080,964$0$0$3,121,333
90$9,878,192$0$0$3,399,917
91$10,752,674$0$0$3,705,663
92$11,712,160$0$0$4,041,302
93$12,765,189$0$0$4,409,843
94$13,921,167$0$0$4,814,599
95$15,190,453$0$0$5,259,221
96$16,584,459$0$0$5,747,731
97$18,115,759$0$0$6,284,560
98$19,798,202$0$0$6,874,587
99$21,647,044$0$0$7,523,191
100$23,679,096$0$0$8,236,295