Can I retire at age 54 with 783,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.7%
1 years$64,659$64,083$63,522$62,973$62,438$61,479
2 years$32,010$31,413$30,836$30,276$29,732$28,769
3 years$21,128$20,529$19,953$19,398$18,863$17,925
4 years$15,688$15,091$14,520$13,975$13,453$12,548
5 years$12,425$11,832$11,268$10,734$10,227$9,356
6 years$10,250$9,661$9,107$8,584$8,092$7,257
7 years$8,697$8,114$7,568$7,058$6,581$5,783
8 years$7,533$6,955$6,418$5,920$5,460$4,697
9 years$6,629$6,055$5,528$5,043$4,598$3,871
10 years$5,905$5,338$4,819$4,347$3,918$3,226
11 years$5,314$4,752$4,243$3,783$3,369$2,712
12 years$4,821$4,265$3,765$3,318$2,920$2,296
13 years$4,404$3,854$3,364$2,930$2,546$1,955
14 years$4,048$3,503$3,023$2,601$2,232$1,673
15 years$3,739$3,200$2,729$2,319$1,965$1,437
16 years$3,469$2,936$2,474$2,077$1,737$1,238
17 years$3,231$2,704$2,252$1,866$1,540$1,070
18 years$3,020$2,499$2,055$1,682$1,369$927
19 years$2,831$2,316$1,882$1,519$1,220$805
20 years$2,661$2,152$1,727$1,376$1,090$700
21 years$2,508$2,005$1,588$1,249$976$609
22 years$2,369$1,871$1,464$1,136$874$531
23 years$2,242$1,750$1,352$1,034$785$464
24 years$2,125$1,640$1,250$943$706$405
25 years$2,019$1,539$1,158$861$635$354
26 years$1,920$1,446$1,074$788$572$310
27 years$1,829$1,361$997$721$516$271
28 years$1,745$1,283$927$661$465$238
29 years$1,667$1,210$863$606$420$208
30 years$1,594$1,143$803$556$380$183
31 years$1,526$1,080$749$511$343$160
32 years$1,462$1,022$699$469$310$141
33 years$1,402$968$653$431$281$124
34 years$1,346$917$610$397$254$108
35 years$1,293$870$570$365$230$95
36 years$1,244$826$533$337$209$84
37 years$1,197$784$499$310$189$73
38 years$1,152$745$467$286$172$65
39 years$1,110$709$438$264$156$57
40 years$1,070$674$410$243$141$50
41 years$1,033$642$385$224$128$44
42 years$997$611$361$207$116$39
43 years$963$583$339$191$105$34
44 years$930$555$318$176$96$30
45 years$899$529$299$163$87$26
46 years$870$505$280$150$79$23
47 years$842$482$263$139$72$20
48 years$815$460$248$128$65$18
49 years$789$439$233$119$59$16
50 years$764$420$219$110$54$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $783,000, adding $2,686 every year, while hoping to spend $48,716 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: 80/12/8 Blend
53$783,000$783,000$783,000$783,000
54$865,637$824,138$812,001$933,774
55$902,098$812,687$787,370$967,364
56$940,646$799,042$760,280$997,537
57$981,441$783,045$730,599$1,029,187
58$1,024,661$764,527$698,187$1,062,435
59$1,070,497$743,309$662,897$1,097,416
60$1,119,159$719,203$624,576$1,134,281
61$1,170,879$692,009$583,064$1,173,194
62$1,225,907$661,516$538,196$1,214,336
63$1,284,520$627,501$489,795$1,257,908
64$1,347,018$589,726$437,681$1,304,132
65$1,413,733$547,941$381,662$1,353,251
66$1,485,027$501,883$321,540$1,405,535
67$1,561,295$451,272$257,108$1,461,282
68$1,642,975$395,811$188,148$1,520,821
69$1,730,542$335,189$114,435$1,584,515
70$1,824,520$269,076$35,731$1,652,764
71$1,925,484$197,124$0$1,726,011
72$2,034,065$118,965$0$1,808,864
73$2,150,954$34,209$0$1,901,265
74$2,276,913$0$0$2,000,781
75$2,412,777$0$0$2,115,692
76$2,559,462$0$0$2,244,651
77$2,717,978$0$0$2,384,027
78$2,889,432$0$0$2,534,799
79$3,075,042$0$0$2,698,038
80$3,276,147$0$0$2,874,926
81$3,494,220$0$0$3,066,759
82$3,730,880$0$0$3,274,965
83$3,987,906$0$0$3,501,113
84$4,267,258$0$0$3,746,929
85$4,571,091$0$0$4,014,313
86$4,901,775$0$0$4,305,353
87$5,261,918$0$0$4,622,350
88$5,654,390$0$0$4,967,832
89$6,082,351$0$0$5,344,585
90$6,549,278$0$0$5,755,672
91$7,058,996$0$0$6,204,467
92$7,615,719$0$0$6,694,684
93$8,224,084$0$0$7,230,410
94$8,889,197$0$0$7,816,145
95$9,616,678$0$0$8,456,844
96$10,412,716$0$0$9,157,963
97$11,284,128$0$0$9,925,510
98$12,238,417$0$0$10,766,100
99$13,283,847$0$0$11,687,018
100$14,429,521$0$0$12,696,287