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%12.8%
1 years$64,494$63,920$63,359$62,812$62,278$61,551
2 years$31,928$31,333$30,757$30,198$29,656$28,924
3 years$21,074$20,477$19,902$19,348$18,815$18,101
4 years$15,648$15,052$14,483$13,939$13,419$12,729
5 years$12,393$11,801$11,240$10,707$10,201$9,536
6 years$10,224$9,637$9,083$8,562$8,072$7,433
7 years$8,675$8,093$7,548$7,040$6,564$5,952
8 years$7,514$6,937$6,402$5,905$5,446$4,860
9 years$6,612$6,040$5,514$5,030$4,586$4,027
10 years$5,890$5,324$4,807$4,336$3,908$3,374
11 years$5,300$4,740$4,232$3,774$3,361$2,853
12 years$4,809$4,254$3,756$3,310$2,912$2,429
13 years$4,393$3,844$3,356$2,922$2,540$2,081
14 years$4,037$3,494$3,015$2,594$2,226$1,791
15 years$3,729$3,192$2,722$2,313$1,960$1,548
16 years$3,460$2,929$2,468$2,071$1,732$1,342
17 years$3,223$2,697$2,246$1,861$1,536$1,167
18 years$3,012$2,492$2,050$1,677$1,366$1,018
19 years$2,824$2,310$1,877$1,516$1,217$889
20 years$2,654$2,147$1,722$1,373$1,087$778
21 years$2,501$1,999$1,584$1,246$973$682
22 years$2,363$1,866$1,460$1,133$872$599
23 years$2,236$1,746$1,348$1,032$783$527
24 years$2,120$1,636$1,247$941$704$463
25 years$2,014$1,535$1,155$859$633$408
26 years$1,915$1,443$1,071$786$570$360
27 years$1,825$1,358$995$719$514$317
28 years$1,741$1,279$925$659$464$280
29 years$1,663$1,207$860$604$419$247
30 years$1,590$1,140$801$554$379$218
31 years$1,522$1,077$747$509$342$193
32 years$1,458$1,019$697$468$310$171
33 years$1,399$965$651$430$280$151
34 years$1,343$915$608$396$254$133
35 years$1,290$868$569$365$230$118
36 years$1,240$824$532$336$208$104
37 years$1,194$782$498$309$189$92
38 years$1,149$744$466$285$171$82
39 years$1,107$707$437$263$155$73
40 years$1,068$673$409$242$141$64
41 years$1,030$640$384$224$128$57
42 years$994$610$360$206$116$50
43 years$960$581$338$191$105$45
44 years$928$554$317$176$95$40
45 years$897$528$298$163$87$35
46 years$868$504$280$150$79$31
47 years$840$481$263$139$71$28
48 years$813$459$247$128$65$24
49 years$787$438$232$118$59$22
50 years$763$419$218$109$54$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $781,000, adding $5,896 every year, while hoping to spend $40,863 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: 83/9/8 Blend
53$781,000$781,000$781,000$781,000
54$866,744$825,351$813,245$937,378
55$911,674$822,315$797,011$981,392
56$959,817$817,761$778,863$1,023,622
57$1,011,458$811,571$758,695$1,068,734
58$1,066,909$803,621$736,394$1,116,992
59$1,126,514$793,778$711,843$1,168,689
60$1,190,647$781,902$684,919$1,224,144
61$1,259,723$767,845$655,493$1,283,712
62$1,334,195$751,449$623,432$1,347,781
63$1,414,561$732,549$588,596$1,416,780
64$1,501,370$710,967$550,837$1,491,182
65$1,595,222$686,517$510,003$1,571,507
66$1,696,780$659,002$465,933$1,658,328
67$1,806,771$628,212$418,461$1,752,277
68$1,925,993$593,926$367,411$1,854,049
69$2,055,327$555,911$312,602$1,964,413
70$2,195,738$513,918$253,842$2,084,213
71$2,348,291$467,687$190,933$2,214,380
72$2,514,154$416,942$123,667$2,355,943
73$2,694,615$361,389$51,827$2,510,032
74$2,891,089$300,721$0$2,677,894
75$3,105,135$234,611$0$2,863,026
76$3,338,467$162,716$0$3,069,681
77$3,592,973$84,670$0$3,295,122
78$3,870,728$91$0$3,541,213
79$4,174,019$0$0$3,810,007
80$4,505,363$0$0$4,112,819
81$4,867,530$0$0$4,443,825
82$5,263,571$0$0$4,805,806
83$5,696,844$0$0$5,201,833
84$6,171,047$0$0$5,635,289
85$6,690,252$0$0$6,109,898
86$7,258,944$0$0$6,629,761
87$7,882,060$0$0$7,199,395
88$8,565,039$0$0$7,823,773
89$9,313,870$0$0$8,508,374
90$10,135,152$0$0$9,259,232
91$11,036,148$0$0$10,082,991
92$12,024,864$0$0$10,986,973
93$13,110,114$0$0$11,979,239
94$14,301,609$0$0$13,068,672
95$15,610,046$0$0$14,265,055
96$17,047,208$0$0$15,579,166
97$18,626,076$0$0$17,022,876
98$20,360,950$0$0$18,609,267
99$22,267,584$0$0$20,352,745
100$24,363,335$0$0$22,269,187