Can I retire at age 54 with 780,000?

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 $780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$64,412$63,838$63,278$62,732$62,198$61,345
2 years$31,887$31,293$30,718$30,160$29,618$28,760
3 years$21,047$20,450$19,876$19,323$18,791$17,954
4 years$15,628$15,033$14,465$13,921$13,402$12,594
5 years$12,377$11,786$11,225$10,693$10,188$9,410
6 years$10,211$9,624$9,072$8,551$8,061$7,315
7 years$8,664$8,082$7,539$7,031$6,556$5,842
8 years$7,505$6,928$6,393$5,898$5,439$4,756
9 years$6,603$6,032$5,507$5,024$4,580$3,929
10 years$5,882$5,317$4,801$4,330$3,903$3,282
11 years$5,293$4,734$4,227$3,769$3,356$2,766
12 years$4,803$4,249$3,751$3,306$2,909$2,348
13 years$4,388$3,839$3,351$2,918$2,536$2,005
14 years$4,032$3,490$3,011$2,591$2,223$1,720
15 years$3,725$3,188$2,719$2,310$1,958$1,481
16 years$3,456$2,925$2,465$2,069$1,730$1,280
17 years$3,219$2,694$2,243$1,859$1,534$1,109
18 years$3,008$2,489$2,047$1,675$1,364$964
19 years$2,820$2,307$1,874$1,514$1,216$839
20 years$2,651$2,144$1,720$1,371$1,086$732
21 years$2,498$1,997$1,582$1,244$972$639
22 years$2,359$1,864$1,458$1,131$871$559
23 years$2,233$1,743$1,346$1,030$782$489
24 years$2,117$1,633$1,245$940$703$429
25 years$2,011$1,533$1,153$858$632$376
26 years$1,913$1,441$1,070$785$570$330
27 years$1,822$1,356$993$718$514$290
28 years$1,738$1,278$923$658$463$255
29 years$1,660$1,205$859$603$418$224
30 years$1,588$1,138$800$554$378$197
31 years$1,520$1,076$746$509$342$174
32 years$1,456$1,018$696$467$309$153
33 years$1,397$964$650$430$280$135
34 years$1,341$914$607$395$253$119
35 years$1,288$867$568$364$229$104
36 years$1,239$823$531$335$208$92
37 years$1,192$781$497$309$188$81
38 years$1,148$743$466$285$171$72
39 years$1,106$706$436$263$155$63
40 years$1,066$672$409$242$141$56
41 years$1,029$639$383$223$127$49
42 years$993$609$360$206$116$43
43 years$959$580$337$190$105$38
44 years$927$553$317$176$95$34
45 years$896$527$297$162$87$30
46 years$867$503$279$150$79$26
47 years$839$480$262$139$71$23
48 years$812$458$247$128$65$20
49 years$786$438$232$118$59$18
50 years$762$418$218$109$53$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $780,000, adding $5,991 every year, while hoping to spend $31,763 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: 64/8/28 Blend
53$780,000$780,000$780,000$780,000
54$865,740$824,400$812,310$914,353
55$920,250$831,000$805,727$954,588
56$979,255$836,859$797,858$994,502
57$1,043,181$841,906$788,628$1,037,426
58$1,112,494$846,069$777,956$1,083,662
59$1,187,709$849,267$765,759$1,133,540
60$1,269,391$851,417$751,947$1,187,427
61$1,358,161$852,428$736,430$1,245,727
62$1,454,704$852,208$719,110$1,308,887
63$1,559,771$850,653$699,888$1,377,399
64$1,674,191$847,658$678,657$1,451,809
65$1,798,874$843,109$655,308$1,532,718
66$1,934,824$836,886$629,725$1,620,789
67$2,083,142$828,860$601,787$1,716,755
68$2,245,045$818,896$571,369$1,821,424
69$2,421,869$806,851$538,339$1,935,691
70$2,615,085$792,572$502,559$2,060,539
71$2,826,314$775,899$463,885$2,197,057
72$3,057,340$756,660$422,168$2,346,446
73$3,310,127$734,674$377,248$2,510,029
74$3,586,838$709,751$328,964$2,689,270
75$3,889,854$681,688$277,143$2,885,781
76$4,221,798$650,270$221,607$3,101,343
77$4,585,559$615,271$162,168$3,337,919
78$4,984,317$576,450$98,632$3,597,677
79$5,421,577$533,555$30,795$3,883,007
80$5,901,195$486,317$0$4,196,548
81$6,427,423$434,453$0$4,553,636
82$7,004,942$377,663$0$4,955,680
83$7,638,909$315,631$0$5,397,080
84$8,335,003$248,022$0$5,881,813
85$9,099,482$174,484$0$6,414,262
86$9,939,239$94,643$0$6,999,256
87$10,861,866$8,105$0$7,642,117
88$11,875,729$0$0$8,348,710
89$12,990,044$0$0$9,133,028
90$14,214,964$0$0$9,996,038
91$15,561,673$0$0$10,944,916
92$17,042,495$0$0$11,988,352
93$18,671,007$0$0$13,135,921
94$20,462,168$0$0$14,398,171
95$22,432,459$0$0$15,786,726
96$24,600,039$0$0$17,314,392
97$26,984,915$0$0$18,995,279
98$29,609,132$0$0$20,844,933
99$32,496,980$0$0$22,880,484
100$35,675,222$0$0$25,120,806