Can I retire at age 54 with 781,000?

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 $781,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$64,494$63,920$63,359$62,812$62,278$61,525
2 years$31,928$31,333$30,757$30,198$29,656$28,899
3 years$21,074$20,477$19,902$19,348$18,815$18,076
4 years$15,648$15,052$14,483$13,939$13,419$12,705
5 years$12,393$11,801$11,240$10,707$10,201$9,513
6 years$10,224$9,637$9,083$8,562$8,072$7,411
7 years$8,675$8,093$7,548$7,040$6,564$5,932
8 years$7,514$6,937$6,402$5,905$5,446$4,840
9 years$6,612$6,040$5,514$5,030$4,586$4,008
10 years$5,890$5,324$4,807$4,336$3,908$3,356
11 years$5,300$4,740$4,232$3,774$3,361$2,836
12 years$4,809$4,254$3,756$3,310$2,912$2,413
13 years$4,393$3,844$3,356$2,922$2,540$2,066
14 years$4,037$3,494$3,015$2,594$2,226$1,777
15 years$3,729$3,192$2,722$2,313$1,960$1,535
16 years$3,460$2,929$2,468$2,071$1,732$1,330
17 years$3,223$2,697$2,246$1,861$1,536$1,156
18 years$3,012$2,492$2,050$1,677$1,366$1,007
19 years$2,824$2,310$1,877$1,516$1,217$879
20 years$2,654$2,147$1,722$1,373$1,087$769
21 years$2,501$1,999$1,584$1,246$973$674
22 years$2,363$1,866$1,460$1,133$872$591
23 years$2,236$1,746$1,348$1,032$783$519
24 years$2,120$1,636$1,247$941$704$456
25 years$2,014$1,535$1,155$859$633$402
26 years$1,915$1,443$1,071$786$570$354
27 years$1,825$1,358$995$719$514$312
28 years$1,741$1,279$925$659$464$275
29 years$1,663$1,207$860$604$419$242
30 years$1,590$1,140$801$554$379$214
31 years$1,522$1,077$747$509$342$189
32 years$1,458$1,019$697$468$310$167
33 years$1,399$965$651$430$280$147
34 years$1,343$915$608$396$254$130
35 years$1,290$868$569$365$230$115
36 years$1,240$824$532$336$208$102
37 years$1,194$782$498$309$189$90
38 years$1,149$744$466$285$171$80
39 years$1,107$707$437$263$155$71
40 years$1,068$673$409$242$141$62
41 years$1,030$640$384$224$128$55
42 years$994$610$360$206$116$49
43 years$960$581$338$191$105$43
44 years$928$554$317$176$95$38
45 years$897$528$298$163$87$34
46 years$868$504$280$150$79$30
47 years$840$481$263$139$71$27
48 years$813$459$247$128$65$24
49 years$787$438$232$118$59$21
50 years$763$419$218$109$54$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $781,000, adding $2,125 every year, while hoping to spend $31,845 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: 81/10/9 Blend
53$781,000$781,000$781,000$781,000
54$862,854$821,461$809,355$931,456
55$916,982$827,830$802,586$983,076
56$975,564$833,443$794,523$1,035,303
57$1,039,021$838,231$785,088$1,091,670
58$1,107,814$842,117$774,202$1,152,574
59$1,182,453$845,023$761,779$1,218,454
60$1,263,497$846,863$747,733$1,289,791
61$1,351,561$847,547$731,969$1,367,117
62$1,447,322$846,978$714,392$1,451,017
63$1,551,524$845,056$694,899$1,542,136
64$1,664,988$841,671$673,386$1,641,183
65$1,788,613$836,710$649,742$1,748,942
66$1,923,393$830,050$623,849$1,866,274
67$2,070,419$821,563$595,588$1,994,129
68$2,230,894$811,111$564,832$2,133,555
69$2,406,139$798,550$531,448$2,285,704
70$2,597,612$783,725$495,299$2,451,848
71$2,806,916$766,475$456,238$2,633,388
72$3,035,815$746,626$414,116$2,831,867
73$3,286,254$723,997$368,775$3,048,986
74$3,560,373$698,393$320,050$3,286,621
75$3,860,527$669,611$267,768$3,546,837
76$4,189,313$637,434$211,750$3,831,911
77$4,549,588$601,633$151,808$4,144,354
78$4,944,499$561,966$87,747$4,486,931
79$5,377,513$518,177$19,362$4,862,691
80$5,852,448$469,996$0$5,274,993
81$6,373,508$417,137$0$5,732,690
82$6,945,326$359,297$0$6,237,033
83$7,573,004$296,157$0$6,790,682
84$8,262,162$227,380$0$7,398,616
85$9,018,990$152,609$0$8,066,326
86$9,850,308$71,468$0$8,799,859
87$10,763,629$0$0$9,605,879
88$11,767,229$0$0$10,493,539
89$12,870,227$0$0$11,477,778
90$14,082,666$0$0$12,559,697
91$15,415,614$0$0$13,749,174
92$16,881,264$0$0$15,057,091
93$18,493,047$0$0$16,495,440
94$20,265,763$0$0$18,077,430
95$22,215,719$0$0$19,817,615
96$24,360,880$0$0$21,732,033
97$26,721,042$0$0$23,838,351
98$29,318,013$0$0$26,156,038
99$32,175,825$0$0$28,706,544
100$35,320,956$0$0$31,513,502