Can I retire at age 54 with 780,000?

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 $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%13.4%
1 years$64,412$63,838$63,278$62,732$62,198$61,319
2 years$31,887$31,293$30,718$30,160$29,618$28,735
3 years$21,047$20,450$19,876$19,323$18,791$17,930
4 years$15,628$15,033$14,465$13,921$13,402$12,570
5 years$12,377$11,786$11,225$10,693$10,188$9,388
6 years$10,211$9,624$9,072$8,551$8,061$7,294
7 years$8,664$8,082$7,539$7,031$6,556$5,821
8 years$7,505$6,928$6,393$5,898$5,439$4,737
9 years$6,603$6,032$5,507$5,024$4,580$3,911
10 years$5,882$5,317$4,801$4,330$3,903$3,265
11 years$5,293$4,734$4,227$3,769$3,356$2,750
12 years$4,803$4,249$3,751$3,306$2,909$2,333
13 years$4,388$3,839$3,351$2,918$2,536$1,990
14 years$4,032$3,490$3,011$2,591$2,223$1,706
15 years$3,725$3,188$2,719$2,310$1,958$1,469
16 years$3,456$2,925$2,465$2,069$1,730$1,268
17 years$3,219$2,694$2,243$1,859$1,534$1,098
18 years$3,008$2,489$2,047$1,675$1,364$954
19 years$2,820$2,307$1,874$1,514$1,216$830
20 years$2,651$2,144$1,720$1,371$1,086$723
21 years$2,498$1,997$1,582$1,244$972$631
22 years$2,359$1,864$1,458$1,131$871$551
23 years$2,233$1,743$1,346$1,030$782$482
24 years$2,117$1,633$1,245$940$703$422
25 years$2,011$1,533$1,153$858$632$370
26 years$1,913$1,441$1,070$785$570$325
27 years$1,822$1,356$993$718$514$285
28 years$1,738$1,278$923$658$463$250
29 years$1,660$1,205$859$603$418$220
30 years$1,588$1,138$800$554$378$193
31 years$1,520$1,076$746$509$342$170
32 years$1,456$1,018$696$467$309$150
33 years$1,397$964$650$430$280$132
34 years$1,341$914$607$395$253$116
35 years$1,288$867$568$364$229$102
36 years$1,239$823$531$335$208$90
37 years$1,192$781$497$309$188$79
38 years$1,148$743$466$285$171$70
39 years$1,106$706$436$263$155$61
40 years$1,066$672$409$242$141$54
41 years$1,029$639$383$223$127$48
42 years$993$609$360$206$116$42
43 years$959$580$337$190$105$37
44 years$927$553$317$176$95$33
45 years$896$527$297$162$87$29
46 years$867$503$279$150$79$25
47 years$839$480$262$139$71$22
48 years$812$458$247$128$65$20
49 years$786$438$232$118$59$17
50 years$762$418$218$109$53$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $780,000, adding $5,472 every year, while hoping to spend $34,733 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: 54/35/11 Blend
53$780,000$780,000$780,000$780,000
54$865,204$823,864$811,774$909,206
55$916,500$827,278$802,013$943,108
56$971,863$829,695$790,761$975,750
57$1,031,672$831,029$777,931$1,010,464
58$1,096,344$831,191$763,432$1,047,454
59$1,166,334$830,082$747,171$1,086,945
60$1,242,146$827,602$729,046$1,129,188
61$1,324,330$823,640$708,955$1,174,459
62$1,413,496$818,083$686,789$1,223,066
63$1,510,310$810,806$662,434$1,275,347
64$1,615,507$801,681$635,771$1,331,680
65$1,729,896$790,570$606,676$1,392,480
66$1,854,364$777,328$575,019$1,458,208
67$1,989,891$761,799$540,664$1,529,375
68$2,137,553$743,820$503,469$1,606,544
69$2,298,534$723,217$463,286$1,690,341
70$2,474,139$699,809$419,960$1,781,456
71$2,665,801$673,399$373,329$1,880,653
72$2,875,100$643,784$323,223$1,988,779
73$3,103,776$610,745$269,467$2,106,768
74$3,353,743$574,053$211,876$2,235,653
75$3,627,107$533,464$150,256$2,376,579
76$3,926,191$488,722$84,408$2,530,809
77$4,253,548$439,555$14,121$2,699,740
78$4,611,992$385,676$0$2,884,915
79$5,004,622$326,781$0$3,095,189
80$5,434,849$262,549$0$3,327,534
81$5,906,432$192,642$0$3,582,402
82$6,423,510$116,703$0$3,862,125
83$6,990,639$34,353$0$4,169,276
84$7,612,842$0$0$4,506,697
85$8,295,648$0$0$4,898,632
86$9,045,149$0$0$5,343,449
87$9,868,054$0$0$5,831,911
88$10,771,754$0$0$6,368,413
89$11,764,393$0$0$6,957,801
90$12,854,939$0$0$7,605,410
91$14,053,274$0$0$8,317,120
92$15,370,284$0$0$9,099,406
93$16,817,962$0$0$9,959,405
94$18,409,520$0$0$10,904,978
95$20,159,515$0$0$11,944,785
96$22,083,984$0$0$13,088,368
97$24,200,598$0$0$14,346,242
98$26,528,823$0$0$15,729,988
99$29,090,110$0$0$17,252,370
100$31,908,092$0$0$18,927,450