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%16.8%
1 years$64,412$63,838$63,278$62,732$62,198$60,474
2 years$31,887$31,293$30,718$30,160$29,618$27,894
3 years$21,047$20,450$19,876$19,323$18,791$17,121
4 years$15,628$15,033$14,465$13,921$13,402$11,798
5 years$12,377$11,786$11,225$10,693$10,188$8,656
6 years$10,211$9,624$9,072$8,551$8,061$6,602
7 years$8,664$8,082$7,539$7,031$6,556$5,169
8 years$7,505$6,928$6,393$5,898$5,439$4,124
9 years$6,603$6,032$5,507$5,024$4,580$3,336
10 years$5,882$5,317$4,801$4,330$3,903$2,727
11 years$5,293$4,734$4,227$3,769$3,356$2,248
12 years$4,803$4,249$3,751$3,306$2,909$1,865
13 years$4,388$3,839$3,351$2,918$2,536$1,556
14 years$4,032$3,490$3,011$2,591$2,223$1,303
15 years$3,725$3,188$2,719$2,310$1,958$1,096
16 years$3,456$2,925$2,465$2,069$1,730$924
17 years$3,219$2,694$2,243$1,859$1,534$781
18 years$3,008$2,489$2,047$1,675$1,364$661
19 years$2,820$2,307$1,874$1,514$1,216$561
20 years$2,651$2,144$1,720$1,371$1,086$476
21 years$2,498$1,997$1,582$1,244$972$405
22 years$2,359$1,864$1,458$1,131$871$345
23 years$2,233$1,743$1,346$1,030$782$294
24 years$2,117$1,633$1,245$940$703$251
25 years$2,011$1,533$1,153$858$632$214
26 years$1,913$1,441$1,070$785$570$182
27 years$1,822$1,356$993$718$514$156
28 years$1,738$1,278$923$658$463$133
29 years$1,660$1,205$859$603$418$114
30 years$1,588$1,138$800$554$378$97
31 years$1,520$1,076$746$509$342$83
32 years$1,456$1,018$696$467$309$71
33 years$1,397$964$650$430$280$61
34 years$1,341$914$607$395$253$52
35 years$1,288$867$568$364$229$44
36 years$1,239$823$531$335$208$38
37 years$1,192$781$497$309$188$33
38 years$1,148$743$466$285$171$28
39 years$1,106$706$436$263$155$24
40 years$1,066$672$409$242$141$20
41 years$1,029$639$383$223$127$17
42 years$993$609$360$206$116$15
43 years$959$580$337$190$105$13
44 years$927$553$317$176$95$11
45 years$896$527$297$162$87$9
46 years$867$503$279$150$79$8
47 years$839$480$262$139$71$7
48 years$812$458$247$128$65$6
49 years$786$438$232$118$59$5
50 years$762$418$218$109$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $780,000, adding $3,698 every year, while hoping to spend $52,407 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: 72/10/18 Blend
53$780,000$780,000$780,000$780,000
54$863,374$822,034$809,944$921,619
55$895,678$806,554$781,317$945,327
56$929,520$788,558$749,974$964,608
57$965,002$767,868$715,769$984,381
58$1,002,235$744,296$678,550$1,004,684
59$1,041,337$717,641$638,156$1,025,561
60$1,082,440$687,691$594,420$1,047,063
61$1,125,683$654,223$547,168$1,069,247
62$1,171,222$616,999$496,217$1,092,175
63$1,219,224$575,769$441,378$1,115,918
64$1,269,871$530,268$382,450$1,140,558
65$1,323,362$480,215$319,226$1,166,183
66$1,379,913$425,314$251,488$1,192,895
67$1,439,762$365,252$179,011$1,220,807
68$1,503,168$299,700$101,558$1,250,046
69$1,570,412$228,306$18,881$1,280,752
70$1,641,804$150,702$0$1,313,085
71$1,717,680$66,500$0$1,360,541
72$1,798,411$0$0$1,414,735
73$1,884,401$0$0$1,475,030
74$1,976,092$0$0$1,547,147
75$2,073,969$0$0$1,624,153
76$2,178,564$0$0$1,706,468
77$2,290,458$0$0$1,794,554
78$2,410,291$0$0$1,888,916
79$2,538,762$0$0$1,990,109
80$2,676,639$0$0$2,098,743
81$2,824,766$0$0$2,215,485
82$2,984,069$0$0$2,341,069
83$3,155,562$0$0$2,476,301
84$3,340,361$0$0$2,622,063
85$3,539,692$0$0$2,779,329
86$3,754,902$0$0$2,949,165
87$3,987,469$0$0$3,132,744
88$4,239,019$0$0$3,331,355
89$4,511,339$0$0$3,546,415
90$4,806,395$0$0$3,779,482
91$5,126,345$0$0$4,032,269
92$5,473,565$0$0$4,306,660
93$5,850,669$0$0$4,604,726
94$6,260,529$0$0$4,928,746
95$6,706,307$0$0$5,281,229
96$7,191,482$0$0$5,664,931
97$7,719,880$0$0$6,082,889
98$8,295,713$0$0$6,538,444
99$8,923,616$0$0$7,035,270
100$9,608,690$0$0$7,577,415