Can I retire at age 54 with 784,000?

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 $784,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$64,742$64,165$63,603$63,053$62,517$60,371
2 years$32,050$31,454$30,875$30,314$29,770$27,630
3 years$21,155$20,555$19,978$19,423$18,887$16,820
4 years$15,708$15,110$14,539$13,993$13,471$11,492
5 years$12,441$11,847$11,283$10,748$10,240$8,356
6 years$10,263$9,674$9,118$8,595$8,103$6,314
7 years$8,709$8,124$7,577$7,067$6,590$4,896
8 years$7,543$6,964$6,426$5,928$5,467$3,867
9 years$6,637$6,063$5,535$5,049$4,604$3,096
10 years$5,913$5,344$4,825$4,353$3,923$2,504
11 years$5,320$4,758$4,248$3,788$3,374$2,042
12 years$4,827$4,270$3,770$3,323$2,924$1,675
13 years$4,410$3,859$3,368$2,933$2,549$1,381
14 years$4,053$3,508$3,027$2,604$2,235$1,144
15 years$3,744$3,204$2,733$2,322$1,968$950
16 years$3,473$2,940$2,477$2,079$1,739$791
17 years$3,235$2,708$2,254$1,868$1,542$660
18 years$3,024$2,502$2,058$1,684$1,371$552
19 years$2,835$2,319$1,884$1,521$1,222$462
20 years$2,665$2,155$1,729$1,378$1,092$388
21 years$2,511$2,007$1,590$1,250$977$325
22 years$2,372$1,874$1,466$1,137$876$273
23 years$2,244$1,752$1,353$1,035$786$230
24 years$2,128$1,642$1,252$944$706$193
25 years$2,021$1,541$1,159$862$636$163
26 years$1,923$1,448$1,075$789$573$137
27 years$1,832$1,363$998$722$516$115
28 years$1,747$1,284$928$661$466$97
29 years$1,669$1,211$864$606$421$82
30 years$1,596$1,144$805$557$380$69
31 years$1,528$1,082$750$511$344$58
32 years$1,464$1,023$700$470$311$49
33 years$1,404$969$653$432$281$41
34 years$1,348$919$610$397$255$35
35 years$1,295$871$571$366$231$29
36 years$1,245$827$534$337$209$25
37 years$1,198$785$500$311$189$21
38 years$1,154$746$468$286$172$18
39 years$1,112$710$438$264$156$15
40 years$1,072$675$411$243$141$13
41 years$1,034$643$385$225$128$11
42 years$998$612$361$207$116$9
43 years$964$583$339$191$106$8
44 years$932$556$318$177$96$6
45 years$901$530$299$163$87$5
46 years$871$506$281$151$79$5
47 years$843$483$264$139$72$4
48 years$816$461$248$129$65$3
49 years$790$440$233$119$59$3
50 years$765$420$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 $784,000, adding $2,971 every year, while hoping to spend $23,354 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: 55/23/22 Blend
53$784,000$784,000$784,000$784,000
54$867,033$825,481$813,329$909,370
55$930,621$841,081$815,727$954,306
56$999,914$856,662$817,422$1,000,508
57$1,075,466$872,200$818,367$1,050,324
58$1,157,892$887,667$818,511$1,104,109
59$1,247,867$903,032$817,801$1,162,253
60$1,346,133$918,264$816,181$1,225,184
61$1,453,508$933,328$813,592$1,293,379
62$1,570,892$948,188$809,974$1,367,358
63$1,699,277$962,803$805,262$1,447,700
64$1,839,755$977,132$799,390$1,535,040
65$1,993,526$991,127$792,285$1,630,080
66$2,161,914$1,004,741$783,876$1,733,592
67$2,346,377$1,017,922$774,083$1,846,431
68$2,548,520$1,030,612$762,828$1,969,537
69$2,770,110$1,042,753$750,023$2,103,948
70$3,013,094$1,054,280$735,581$2,250,809
71$3,279,615$1,065,126$719,410$2,411,380
72$3,572,037$1,075,218$701,410$2,587,055
73$3,892,959$1,084,478$681,482$2,779,369
74$4,245,247$1,092,824$659,518$2,990,012
75$4,632,058$1,100,168$635,407$3,220,854
76$5,056,868$1,106,416$609,034$3,473,951
77$5,523,507$1,111,469$580,275$3,751,573
78$6,036,195$1,115,221$549,004$4,056,224
79$6,599,580$1,117,560$515,089$4,390,664
80$7,218,782$1,118,365$478,389$4,757,936
81$7,899,443$1,117,511$438,761$5,161,395
82$8,647,779$1,114,861$396,052$5,604,742
83$9,470,637$1,110,274$350,104$6,092,057
84$10,375,560$1,103,596$300,751$6,627,839
85$11,370,862$1,094,667$247,821$7,217,046
86$12,465,700$1,083,316$191,133$7,865,148
87$13,670,164$1,069,361$130,499$8,578,173
88$14,995,373$1,052,611$65,722$9,362,770
89$16,453,574$1,032,862$0$10,226,267
90$18,058,264$1,009,898$0$11,177,543
91$19,824,316$983,492$0$12,241,222
92$21,768,114$953,401$0$13,411,733
93$23,907,714$919,370$0$14,699,957
94$26,263,010$881,128$0$16,117,887
95$28,855,922$838,388$0$17,678,739
96$31,710,604$790,848$0$19,397,079
97$34,853,673$738,187$0$21,288,961
98$38,314,455$680,065$0$23,372,079
99$42,125,267$616,126$0$25,665,932
100$46,321,718$545,990$0$28,192,011