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%12.4%
1 years$64,577$64,002$63,440$62,893$62,358$61,732
2 years$31,969$31,373$30,796$30,237$29,694$29,064
3 years$21,101$20,503$19,927$19,373$18,839$18,224
4 years$15,668$15,072$14,502$13,957$13,436$12,841
5 years$12,409$11,816$11,254$10,720$10,214$9,640
6 years$10,237$9,649$9,095$8,573$8,082$7,531
7 years$8,686$8,103$7,558$7,049$6,573$6,044
8 years$7,524$6,946$6,410$5,913$5,453$4,946
9 years$6,620$6,048$5,521$5,036$4,592$4,108
10 years$5,898$5,331$4,813$4,341$3,913$3,450
11 years$5,307$4,746$4,237$3,778$3,365$2,924
12 years$4,815$4,259$3,761$3,314$2,916$2,496
13 years$4,399$3,849$3,360$2,926$2,543$2,144
14 years$4,043$3,499$3,019$2,597$2,229$1,850
15 years$3,734$3,196$2,726$2,316$1,963$1,603
16 years$3,465$2,933$2,471$2,074$1,735$1,394
17 years$3,227$2,701$2,249$1,863$1,538$1,216
18 years$3,016$2,496$2,053$1,679$1,368$1,063
19 years$2,827$2,313$1,879$1,517$1,219$932
20 years$2,658$2,149$1,725$1,374$1,089$818
21 years$2,505$2,002$1,586$1,247$974$719
22 years$2,366$1,869$1,462$1,134$873$633
23 years$2,239$1,748$1,350$1,033$784$558
24 years$2,123$1,638$1,248$942$705$493
25 years$2,016$1,537$1,156$860$634$435
26 years$1,918$1,444$1,072$787$571$385
27 years$1,827$1,359$996$720$515$341
28 years$1,743$1,281$926$660$465$301
29 years$1,665$1,208$861$605$420$267
30 years$1,592$1,141$802$555$379$237
31 years$1,524$1,079$748$510$343$210
32 years$1,460$1,021$698$469$310$186
33 years$1,400$967$652$431$281$165
34 years$1,344$916$609$396$254$147
35 years$1,292$869$569$365$230$130
36 years$1,242$825$533$336$208$116
37 years$1,195$783$498$310$189$103
38 years$1,151$744$467$285$171$91
39 years$1,109$708$437$263$155$81
40 years$1,069$674$410$243$141$72
41 years$1,031$641$384$224$128$64
42 years$996$611$361$207$116$57
43 years$962$582$338$191$105$51
44 years$929$555$318$176$96$45
45 years$898$529$298$163$87$40
46 years$869$504$280$150$79$36
47 years$841$481$263$139$72$32
48 years$814$460$247$128$65$28
49 years$788$439$232$119$59$25
50 years$764$419$219$110$54$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $782,000, adding $3,132 every year, while hoping to spend $54,992 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: 36/35/29 Blend
53$782,000$782,000$782,000$782,000
54$864,995$823,549$811,428$888,518
55$894,713$805,391$780,099$888,178
56$925,620$784,502$745,879$882,630
57$957,778$760,687$708,610$875,595
58$991,254$733,744$668,132$866,977
59$1,026,123$703,458$624,276$856,675
60$1,062,462$669,602$576,863$844,583
61$1,100,355$631,935$525,710$830,592
62$1,139,893$590,201$470,623$814,586
63$1,181,175$544,133$411,401$796,445
64$1,224,304$493,446$347,833$776,044
65$1,269,397$437,838$279,699$753,250
66$1,316,575$376,992$206,769$727,929
67$1,365,973$310,572$128,803$699,938
68$1,417,736$238,224$45,551$669,128
69$1,472,020$159,572$0$635,348
70$1,528,996$74,221$0$611,833
71$1,588,849$0$0$600,935
72$1,651,780$0$0$595,489
73$1,718,006$0$0$619,879
74$1,787,767$0$0$645,611
75$1,861,321$0$0$672,787
76$1,938,950$0$0$701,517
77$2,020,962$0$0$731,920
78$2,107,693$0$0$764,128
79$2,199,509$0$0$798,284
80$2,296,811$0$0$834,545
81$2,400,035$0$0$873,082
82$2,509,660$0$0$914,082
83$2,626,209$0$0$957,750
84$2,750,254$0$0$1,004,312
85$2,882,420$0$0$1,054,012
86$3,023,395$0$0$1,107,120
87$3,173,928$0$0$1,163,931
88$3,334,843$0$0$1,224,769
89$3,507,042$0$0$1,289,990
90$3,691,515$0$0$1,359,983
91$3,889,347$0$0$1,435,174
92$4,101,729$0$0$1,516,035
93$4,329,968$0$0$1,603,078
94$4,575,497$0$0$1,696,872
95$4,839,893$0$0$1,798,035
96$5,124,884$0$0$1,907,253
97$5,432,370$0$0$2,025,273
98$5,764,441$0$0$2,152,922
99$6,123,388$0$0$2,291,104
100$6,511,733$0$0$2,440,816