Can I retire at age 54 with 782,000?

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 $782,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$64,577$64,002$63,440$62,893$62,358$60,145
2 years$31,969$31,373$30,796$30,237$29,694$27,489
3 years$21,101$20,503$19,927$19,373$18,839$16,710
4 years$15,668$15,072$14,502$13,957$13,436$11,400
5 years$12,409$11,816$11,254$10,720$10,214$8,275
6 years$10,237$9,649$9,095$8,573$8,082$6,243
7 years$8,686$8,103$7,558$7,049$6,573$4,833
8 years$7,524$6,946$6,410$5,913$5,453$3,810
9 years$6,620$6,048$5,521$5,036$4,592$3,045
10 years$5,898$5,331$4,813$4,341$3,913$2,458
11 years$5,307$4,746$4,237$3,778$3,365$2,000
12 years$4,815$4,259$3,761$3,314$2,916$1,638
13 years$4,399$3,849$3,360$2,926$2,543$1,348
14 years$4,043$3,499$3,019$2,597$2,229$1,114
15 years$3,734$3,196$2,726$2,316$1,963$923
16 years$3,465$2,933$2,471$2,074$1,735$767
17 years$3,227$2,701$2,249$1,863$1,538$639
18 years$3,016$2,496$2,053$1,679$1,368$533
19 years$2,827$2,313$1,879$1,517$1,219$445
20 years$2,658$2,149$1,725$1,374$1,089$372
21 years$2,505$2,002$1,586$1,247$974$312
22 years$2,366$1,869$1,462$1,134$873$261
23 years$2,239$1,748$1,350$1,033$784$219
24 years$2,123$1,638$1,248$942$705$184
25 years$2,016$1,537$1,156$860$634$154
26 years$1,918$1,444$1,072$787$571$130
27 years$1,827$1,359$996$720$515$109
28 years$1,743$1,281$926$660$465$92
29 years$1,665$1,208$861$605$420$77
30 years$1,592$1,141$802$555$379$65
31 years$1,524$1,079$748$510$343$54
32 years$1,460$1,021$698$469$310$46
33 years$1,400$967$652$431$281$39
34 years$1,344$916$609$396$254$32
35 years$1,292$869$569$365$230$27
36 years$1,242$825$533$336$208$23
37 years$1,195$783$498$310$189$19
38 years$1,151$744$467$285$171$16
39 years$1,109$708$437$263$155$14
40 years$1,069$674$410$243$141$12
41 years$1,031$641$384$224$128$10
42 years$996$611$361$207$116$8
43 years$962$582$338$191$105$7
44 years$929$555$318$176$96$6
45 years$898$529$298$163$87$5
46 years$869$504$280$150$79$4
47 years$841$481$263$139$72$3
48 years$814$460$247$128$65$3
49 years$788$439$232$119$59$2
50 years$764$419$219$110$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $782,000, adding $2,885 every year, while hoping to spend $25,798 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: 37/45/18 Blend
53$782,000$782,000$782,000$782,000
54$864,740$823,294$811,173$891,932
55$925,494$836,186$810,898$924,741
56$991,581$848,846$809,750$957,507
57$1,063,517$861,234$807,671$992,357
58$1,141,871$873,309$804,603$1,029,495
59$1,227,267$885,027$800,483$1,069,142
60$1,320,395$896,340$795,246$1,111,545
61$1,422,013$907,198$788,824$1,156,975
62$1,532,954$917,546$781,145$1,205,736
63$1,654,137$927,328$772,135$1,258,158
64$1,786,572$936,480$761,714$1,314,612
65$1,931,372$944,938$749,802$1,375,505
66$2,089,764$952,631$736,312$1,441,287
67$2,263,094$959,485$721,153$1,512,456
68$2,452,851$965,420$704,232$1,589,564
69$2,660,668$970,352$685,451$1,673,219
70$2,888,348$974,191$664,705$1,764,094
71$3,137,874$976,842$641,888$1,862,933
72$3,411,432$978,202$616,886$1,970,558
73$3,711,428$978,164$589,581$2,087,877
74$4,040,513$976,613$559,851$2,215,895
75$4,401,605$973,427$527,566$2,355,719
76$4,797,922$968,477$492,592$2,508,576
77$5,233,004$961,626$454,788$2,675,819
78$5,710,753$952,730$414,007$2,858,943
79$6,235,469$941,632$370,095$3,059,600
80$6,811,886$928,171$322,892$3,279,612
81$7,445,219$912,173$272,230$3,520,994
82$8,141,217$893,454$217,935$3,785,971
83$8,906,208$871,820$159,823$4,076,997
84$9,747,168$847,066$97,703$4,396,785
85$10,671,780$818,974$31,378$4,748,326
86$11,688,510$787,312$0$5,134,927
87$12,806,686$751,838$0$5,567,801
88$14,036,583$712,293$0$6,050,332
89$15,389,523$668,404$0$6,580,973
90$16,877,981$619,882$0$7,164,674
91$18,515,702$566,423$0$7,806,895
92$20,317,829$507,704$0$8,513,658
93$22,301,050$443,383$0$9,291,607
94$24,483,749$373,101$0$10,148,066
95$26,886,185$296,477$0$11,091,117
96$29,530,681$213,109$0$12,129,670
97$32,441,831$122,572$0$13,273,554
98$35,646,737$24,418$0$14,533,606
99$39,175,263$0$0$15,921,780
100$43,060,315$0$0$17,491,775