Can I retire at age 54 with 783,000?

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 $783,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$64,659$64,083$63,522$62,973$62,438$62,044
2 years$32,010$31,413$30,836$30,276$29,732$29,335
3 years$21,128$20,529$19,953$19,398$18,863$18,475
4 years$15,688$15,091$14,520$13,975$13,453$13,077
5 years$12,425$11,832$11,268$10,734$10,227$9,864
6 years$10,250$9,661$9,107$8,584$8,092$7,743
7 years$8,697$8,114$7,568$7,058$6,581$6,245
8 years$7,533$6,955$6,418$5,920$5,460$5,137
9 years$6,629$6,055$5,528$5,043$4,598$4,289
10 years$5,905$5,338$4,819$4,347$3,918$3,622
11 years$5,314$4,752$4,243$3,783$3,369$3,087
12 years$4,821$4,265$3,765$3,318$2,920$2,650
13 years$4,404$3,854$3,364$2,930$2,546$2,289
14 years$4,048$3,503$3,023$2,601$2,232$1,987
15 years$3,739$3,200$2,729$2,319$1,965$1,733
16 years$3,469$2,936$2,474$2,077$1,737$1,516
17 years$3,231$2,704$2,252$1,866$1,540$1,330
18 years$3,020$2,499$2,055$1,682$1,369$1,171
19 years$2,831$2,316$1,882$1,519$1,220$1,032
20 years$2,661$2,152$1,727$1,376$1,090$912
21 years$2,508$2,005$1,588$1,249$976$808
22 years$2,369$1,871$1,464$1,136$874$716
23 years$2,242$1,750$1,352$1,034$785$636
24 years$2,125$1,640$1,250$943$706$565
25 years$2,019$1,539$1,158$861$635$502
26 years$1,920$1,446$1,074$788$572$447
27 years$1,829$1,361$997$721$516$399
28 years$1,745$1,283$927$661$465$355
29 years$1,667$1,210$863$606$420$317
30 years$1,594$1,143$803$556$380$283
31 years$1,526$1,080$749$511$343$253
32 years$1,462$1,022$699$469$310$226
33 years$1,402$968$653$431$281$202
34 years$1,346$917$610$397$254$181
35 years$1,293$870$570$365$230$162
36 years$1,244$826$533$337$209$145
37 years$1,197$784$499$310$189$129
38 years$1,152$745$467$286$172$116
39 years$1,110$709$438$264$156$104
40 years$1,070$674$410$243$141$93
41 years$1,033$642$385$224$128$83
42 years$997$611$361$207$116$75
43 years$963$583$339$191$105$67
44 years$930$555$318$176$96$60
45 years$899$529$299$163$87$54
46 years$870$505$280$150$79$48
47 years$842$482$263$139$72$43
48 years$815$460$248$128$65$39
49 years$789$439$233$119$59$35
50 years$764$420$219$110$54$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $783,000, adding $3,470 every year, while hoping to spend $52,688 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: 70/10/20 Blend
53$783,000$783,000$783,000$783,000
54$866,445$824,946$812,810$922,623
55$898,763$809,309$783,979$944,904
56$932,611$791,140$752,417$962,731
57$968,091$770,259$717,976$980,942
58$1,005,310$746,475$680,502$999,568
59$1,044,388$719,589$639,835$1,018,647
60$1,085,452$689,385$595,807$1,038,221
61$1,128,643$655,640$548,241$1,058,338
62$1,174,113$618,114$496,955$1,079,053
63$1,222,026$576,556$441,757$1,100,426
64$1,272,563$530,698$382,446$1,122,528
65$1,325,921$480,258$318,814$1,145,438
66$1,382,313$424,939$250,643$1,169,245
67$1,441,973$364,425$177,704$1,194,049
68$1,505,157$298,384$99,759$1,219,962
69$1,572,142$226,464$16,560$1,247,113
70$1,643,234$148,295$0$1,275,642
71$1,718,766$63,483$0$1,321,125
72$1,799,101$0$0$1,373,100
73$1,884,639$0$0$1,431,414
74$1,975,815$0$0$1,501,042
75$2,073,108$0$0$1,575,366
76$2,177,041$0$0$1,654,790
77$2,288,189$0$0$1,739,755
78$2,407,180$0$0$1,830,746
79$2,534,704$0$0$1,928,294
80$2,671,518$0$0$2,032,983
81$2,818,454$0$0$2,145,452
82$2,976,421$0$0$2,266,404
83$3,146,422$0$0$2,396,610
84$3,329,554$0$0$2,536,916
85$3,527,025$0$0$2,688,253
86$3,740,160$0$0$2,851,642
87$3,970,417$0$0$3,028,206
88$4,219,396$0$0$3,219,179
89$4,488,856$0$0$3,425,918
90$4,780,733$0$0$3,649,913
91$5,097,152$0$0$3,892,804
92$5,440,453$0$0$4,156,393
93$5,813,208$0$0$4,442,664
94$6,218,245$0$0$4,753,798
95$6,658,677$0$0$5,092,194
96$7,137,927$0$0$5,460,491
97$7,659,762$0$0$5,861,596
98$8,228,329$0$0$6,298,703
99$8,848,188$0$0$6,775,331
100$9,524,361$0$0$7,295,350