Can I retire at age 54 with 784,000?

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 $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%13.7%
1 years$64,742$64,165$63,603$63,053$62,517$61,558
2 years$32,050$31,454$30,875$30,314$29,770$28,806
3 years$21,155$20,555$19,978$19,423$18,887$17,948
4 years$15,708$15,110$14,539$13,993$13,471$12,564
5 years$12,441$11,847$11,283$10,748$10,240$9,368
6 years$10,263$9,674$9,118$8,595$8,103$7,267
7 years$8,709$8,124$7,577$7,067$6,590$5,790
8 years$7,543$6,964$6,426$5,928$5,467$4,703
9 years$6,637$6,063$5,535$5,049$4,604$3,876
10 years$5,913$5,344$4,825$4,353$3,923$3,230
11 years$5,320$4,758$4,248$3,788$3,374$2,716
12 years$4,827$4,270$3,770$3,323$2,924$2,299
13 years$4,410$3,859$3,368$2,933$2,549$1,958
14 years$4,053$3,508$3,027$2,604$2,235$1,675
15 years$3,744$3,204$2,733$2,322$1,968$1,439
16 years$3,473$2,940$2,477$2,079$1,739$1,240
17 years$3,235$2,708$2,254$1,868$1,542$1,072
18 years$3,024$2,502$2,058$1,684$1,371$928
19 years$2,835$2,319$1,884$1,521$1,222$806
20 years$2,665$2,155$1,729$1,378$1,092$701
21 years$2,511$2,007$1,590$1,250$977$610
22 years$2,372$1,874$1,466$1,137$876$532
23 years$2,244$1,752$1,353$1,035$786$464
24 years$2,128$1,642$1,252$944$706$406
25 years$2,021$1,541$1,159$862$636$355
26 years$1,923$1,448$1,075$789$573$310
27 years$1,832$1,363$998$722$516$272
28 years$1,747$1,284$928$661$466$238
29 years$1,669$1,211$864$606$421$209
30 years$1,596$1,144$805$557$380$183
31 years$1,528$1,082$750$511$344$161
32 years$1,464$1,023$700$470$311$141
33 years$1,404$969$653$432$281$124
34 years$1,348$919$610$397$255$109
35 years$1,295$871$571$366$231$95
36 years$1,245$827$534$337$209$84
37 years$1,198$785$500$311$189$74
38 years$1,154$746$468$286$172$65
39 years$1,112$710$438$264$156$57
40 years$1,072$675$411$243$141$50
41 years$1,034$643$385$225$128$44
42 years$998$612$361$207$116$39
43 years$964$583$339$191$106$34
44 years$932$556$318$177$96$30
45 years$901$530$299$163$87$26
46 years$871$506$281$151$79$23
47 years$843$483$264$139$72$20
48 years$816$461$248$129$65$18
49 years$790$440$233$119$59$16
50 years$765$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 $784,000, adding $3,299 every year, while hoping to spend $41,841 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: 47/31/22 Blend
53$784,000$784,000$784,000$784,000
54$867,371$825,819$813,667$902,558
55$911,324$821,766$796,406$923,459
56$958,358$816,111$777,165$941,705
57$1,008,744$808,733$755,833$960,654
58$1,062,776$799,502$732,294$980,391
59$1,120,781$788,279$706,427$1,001,011
60$1,183,114$774,919$678,106$1,022,624
61$1,250,169$759,266$647,199$1,045,352
62$1,322,373$741,157$613,568$1,069,333
63$1,400,200$720,419$577,067$1,094,723
64$1,484,168$696,867$537,547$1,121,695
65$1,574,847$670,307$494,848$1,150,447
66$1,672,863$640,534$448,807$1,181,198
67$1,778,904$607,329$399,251$1,214,194
68$1,893,727$570,463$346,001$1,249,713
69$2,018,163$529,692$288,868$1,288,062
70$2,153,126$484,757$227,656$1,329,588
71$2,299,623$435,388$162,160$1,374,676
72$2,458,759$381,297$92,167$1,423,757
73$2,631,752$322,179$17,453$1,477,312
74$2,819,938$257,714$0$1,535,877
75$3,024,792$187,562$0$1,614,668
76$3,247,933$111,365$0$1,705,055
77$3,491,145$28,745$0$1,803,735
78$3,756,390$0$0$1,911,594
79$4,045,829$0$0$2,050,321
80$4,361,838$0$0$2,212,572
81$4,707,035$0$0$2,389,895
82$5,084,301$0$0$2,583,782
83$5,496,809$0$0$2,795,875
84$5,948,050$0$0$3,027,980
85$6,441,871$0$0$3,282,088
86$6,982,506$0$0$3,560,390
87$7,574,618$0$0$3,865,301
88$8,223,342$0$0$4,199,477
89$8,934,334$0$0$4,565,847
90$9,713,821$0$0$4,967,634
91$10,568,664$0$0$5,408,390
92$11,506,418$0$0$5,892,026
93$12,535,405$0$0$6,422,849
94$13,664,792$0$0$7,005,607
95$14,904,676$0$0$7,645,526
96$16,266,179$0$0$8,348,366
97$17,761,554$0$0$9,120,470
98$19,404,298$0$0$9,968,826
99$21,209,281$0$0$10,901,133
100$23,192,883$0$0$11,925,874