Can I retire at age 54 with 779,000?

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 $779,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$64,329$63,756$63,197$62,651$62,119$60,839
2 years$31,846$31,253$30,678$30,121$29,580$28,297
3 years$21,020$20,424$19,851$19,299$18,767$17,520
4 years$15,608$15,014$14,446$13,904$13,385$12,184
5 years$12,361$11,771$11,211$10,679$10,175$9,023
6 years$10,198$9,612$9,060$8,540$8,051$6,950
7 years$8,653$8,072$7,529$7,021$6,548$5,497
8 years$7,495$6,919$6,385$5,890$5,432$4,432
9 years$6,595$6,025$5,500$5,017$4,574$3,624
10 years$5,875$5,310$4,795$4,325$3,898$2,996
11 years$5,286$4,727$4,221$3,764$3,352$2,499
12 years$4,796$4,243$3,746$3,301$2,905$2,098
13 years$4,382$3,835$3,347$2,915$2,533$1,771
14 years$4,027$3,485$3,007$2,587$2,221$1,502
15 years$3,720$3,184$2,715$2,307$1,955$1,279
16 years$3,451$2,921$2,462$2,066$1,728$1,092
17 years$3,215$2,690$2,240$1,856$1,532$935
18 years$3,004$2,486$2,045$1,673$1,362$802
19 years$2,816$2,304$1,872$1,512$1,214$690
20 years$2,648$2,141$1,718$1,369$1,085$594
21 years$2,495$1,994$1,580$1,243$971$512
22 years$2,356$1,862$1,456$1,130$870$442
23 years$2,230$1,741$1,345$1,029$781$382
24 years$2,115$1,631$1,244$938$702$330
25 years$2,008$1,531$1,152$857$632$286
26 years$1,911$1,439$1,068$784$569$248
27 years$1,820$1,354$992$717$513$215
28 years$1,736$1,276$922$657$463$186
29 years$1,658$1,204$858$603$418$161
30 years$1,586$1,137$799$553$378$140
31 years$1,518$1,075$745$508$341$121
32 years$1,455$1,017$695$467$309$105
33 years$1,395$963$649$429$279$92
34 years$1,339$913$607$395$253$79
35 years$1,287$866$567$364$229$69
36 years$1,237$822$531$335$208$60
37 years$1,191$780$497$309$188$52
38 years$1,146$742$465$284$171$45
39 years$1,105$705$436$262$155$39
40 years$1,065$671$408$242$140$34
41 years$1,027$639$383$223$127$30
42 years$992$608$359$206$116$26
43 years$958$580$337$190$105$22
44 years$926$552$316$176$95$20
45 years$895$527$297$162$86$17
46 years$865$503$279$150$78$15
47 years$837$480$262$138$71$13
48 years$811$458$246$128$65$11
49 years$785$437$232$118$59$10
50 years$761$418$218$109$53$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $779,000, adding $2,435 every year, while hoping to spend $39,763 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: 40/50/10 Blend
53$779,000$779,000$779,000$779,000
54$860,970$819,683$807,608$892,733
55$906,481$817,540$792,356$913,171
56$955,302$813,959$775,259$931,137
57$1,007,728$808,828$756,216$949,682
58$1,064,083$802,028$735,116$968,873
59$1,124,724$793,432$711,847$988,791
60$1,190,042$782,906$686,290$1,009,524
61$1,260,466$770,307$658,320$1,031,175
62$1,336,468$755,487$627,808$1,053,860
63$1,418,566$738,284$594,618$1,077,710
64$1,507,330$718,531$558,608$1,102,872
65$1,603,387$696,047$519,630$1,129,514
66$1,707,423$670,645$477,529$1,157,824
67$1,820,198$642,124$432,144$1,188,013
68$1,942,541$610,271$383,304$1,220,321
69$2,075,369$574,864$330,833$1,255,014
70$2,219,689$535,663$274,548$1,292,394
71$2,376,606$492,420$214,255$1,332,796
72$2,547,341$444,870$149,753$1,376,600
73$2,733,232$392,731$80,832$1,424,226
74$2,935,755$335,708$7,274$1,476,147
75$3,156,534$273,489$0$1,532,892
76$3,397,353$205,743$0$1,602,650
77$3,660,181$132,122$0$1,679,801
78$3,947,179$52,256$0$1,764,329
79$4,260,732$0$0$1,857,080
80$4,603,462$0$0$1,977,836
81$4,978,257$0$0$2,141,427
82$5,388,296$0$0$2,320,503
83$5,837,080$0$0$2,516,605
84$6,328,464$0$0$2,731,431
85$6,866,694$0$0$2,966,851
86$7,456,443$0$0$3,224,923
87$8,102,862$0$0$3,507,915
88$8,811,619$0$0$3,818,325
89$9,588,962$0$0$4,158,904
90$10,441,768$0$0$4,532,681
91$11,377,614$0$0$4,942,996
92$12,404,846$0$0$5,393,524
93$13,532,658$0$0$5,888,315
94$14,771,175$0$0$6,431,832
95$16,131,555$0$0$7,028,989
96$17,626,085$0$0$7,685,201
97$19,268,304$0$0$8,406,434
98$21,073,127$0$0$9,199,258
99$23,056,984$0$0$10,070,914
100$25,237,979$0$0$11,029,380