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%15.6%
1 years$64,494$63,920$63,359$62,812$62,278$60,847
2 years$31,928$31,333$30,757$30,198$29,656$28,222
3 years$21,074$20,477$19,902$19,348$18,815$17,423
4 years$15,648$15,052$14,483$13,939$13,419$12,080
5 years$12,393$11,801$11,240$10,707$10,201$8,918
6 years$10,224$9,637$9,083$8,562$8,072$6,846
7 years$8,675$8,093$7,548$7,040$6,564$5,397
8 years$7,514$6,937$6,402$5,905$5,446$4,336
9 years$6,612$6,040$5,514$5,030$4,586$3,533
10 years$5,890$5,324$4,807$4,336$3,908$2,910
11 years$5,300$4,740$4,232$3,774$3,361$2,417
12 years$4,809$4,254$3,756$3,310$2,912$2,022
13 years$4,393$3,844$3,356$2,922$2,540$1,700
14 years$4,037$3,494$3,015$2,594$2,226$1,436
15 years$3,729$3,192$2,722$2,313$1,960$1,217
16 years$3,460$2,929$2,468$2,071$1,732$1,035
17 years$3,223$2,697$2,246$1,861$1,536$882
18 years$3,012$2,492$2,050$1,677$1,366$754
19 years$2,824$2,310$1,877$1,516$1,217$645
20 years$2,654$2,147$1,722$1,373$1,087$553
21 years$2,501$1,999$1,584$1,246$973$475
22 years$2,363$1,866$1,460$1,133$872$408
23 years$2,236$1,746$1,348$1,032$783$351
24 years$2,120$1,636$1,247$941$704$302
25 years$2,014$1,535$1,155$859$633$260
26 years$1,915$1,443$1,071$786$570$224
27 years$1,825$1,358$995$719$514$193
28 years$1,741$1,279$925$659$464$167
29 years$1,663$1,207$860$604$419$144
30 years$1,590$1,140$801$554$379$124
31 years$1,522$1,077$747$509$342$107
32 years$1,458$1,019$697$468$310$93
33 years$1,399$965$651$430$280$80
34 years$1,343$915$608$396$254$69
35 years$1,290$868$569$365$230$60
36 years$1,240$824$532$336$208$52
37 years$1,194$782$498$309$189$45
38 years$1,149$744$466$285$171$39
39 years$1,107$707$437$263$155$33
40 years$1,068$673$409$242$141$29
41 years$1,030$640$384$224$128$25
42 years$994$610$360$206$116$22
43 years$960$581$338$191$105$19
44 years$928$554$317$176$95$16
45 years$897$528$298$163$87$14
46 years$868$504$280$150$79$12
47 years$840$481$263$139$71$10
48 years$813$459$247$128$65$9
49 years$787$438$232$118$59$8
50 years$763$419$218$109$54$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $781,000, adding $5,061 every year, while hoping to spend $31,617 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: 49/31/20 Blend
53$781,000$781,000$781,000$781,000
54$865,882$824,489$812,384$903,219
55$920,562$831,249$805,959$936,408
56$979,760$837,280$798,258$968,820
57$1,043,902$842,514$789,207$1,003,365
58$1,113,460$846,877$778,725$1,040,258
59$1,188,949$850,291$766,729$1,079,735
60$1,270,939$852,672$753,131$1,122,057
61$1,360,054$853,932$737,841$1,167,516
62$1,456,983$853,978$720,761$1,216,432
63$1,562,482$852,709$701,793$1,269,161
64$1,677,383$850,021$680,832$1,326,096
65$1,802,604$845,799$657,767$1,387,673
66$1,939,152$839,926$632,485$1,454,374
67$2,088,138$832,275$604,866$1,526,734
68$2,250,783$822,711$574,783$1,605,341
69$2,428,431$811,092$542,107$1,690,849
70$2,622,564$797,269$506,701$1,783,981
71$2,834,811$781,081$468,421$1,885,535
72$3,066,967$762,359$427,118$1,996,394
73$3,321,008$740,924$382,636$2,117,535
74$3,599,108$716,587$334,813$2,250,037
75$3,903,665$689,147$283,476$2,395,095
76$4,237,316$658,393$228,450$2,554,026
77$4,602,967$624,099$169,548$2,728,290
78$5,003,818$586,028$106,576$2,919,495
79$5,443,393$543,929$39,332$3,129,423
80$5,925,574$497,537$0$3,360,039
81$6,454,637$446,570$0$3,620,436
82$7,035,291$390,733$0$3,915,500
83$7,672,723$329,712$0$4,239,527
84$8,372,648$263,175$0$4,595,495
85$9,141,361$190,773$0$4,986,689
86$9,985,795$112,136$0$5,416,732
87$10,913,590$26,875$0$5,889,623
88$11,933,162$0$0$6,409,772
89$13,053,781$0$0$7,004,359
90$14,285,661$0$0$7,668,151
91$15,640,056$0$0$8,398,054
92$17,129,362$0$0$9,200,760
93$18,767,240$0$0$10,083,646
94$20,568,737$0$0$11,054,834
95$22,550,435$0$0$12,123,278
96$24,730,603$0$0$13,298,839
97$27,129,368$0$0$14,592,386
98$29,768,909$0$0$16,015,892
99$32,673,662$0$0$17,582,551
100$35,870,552$0$0$19,306,899