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%12.5%
1 years$64,742$64,165$63,603$63,053$62,517$61,864
2 years$32,050$31,454$30,875$30,314$29,770$29,113
3 years$21,155$20,555$19,978$19,423$18,887$18,246
4 years$15,708$15,110$14,539$13,993$13,471$12,850
5 years$12,441$11,847$11,283$10,748$10,240$9,642
6 years$10,263$9,674$9,118$8,595$8,103$7,528
7 years$8,709$8,124$7,577$7,067$6,590$6,038
8 years$7,543$6,964$6,426$5,928$5,467$4,939
9 years$6,637$6,063$5,535$5,049$4,604$4,099
10 years$5,913$5,344$4,825$4,353$3,923$3,441
11 years$5,320$4,758$4,248$3,788$3,374$2,915
12 years$4,827$4,270$3,770$3,323$2,924$2,487
13 years$4,410$3,859$3,368$2,933$2,549$2,134
14 years$4,053$3,508$3,027$2,604$2,235$1,841
15 years$3,744$3,204$2,733$2,322$1,968$1,594
16 years$3,473$2,940$2,477$2,079$1,739$1,385
17 years$3,235$2,708$2,254$1,868$1,542$1,207
18 years$3,024$2,502$2,058$1,684$1,371$1,055
19 years$2,835$2,319$1,884$1,521$1,222$924
20 years$2,665$2,155$1,729$1,378$1,092$810
21 years$2,511$2,007$1,590$1,250$977$712
22 years$2,372$1,874$1,466$1,137$876$626
23 years$2,244$1,752$1,353$1,035$786$552
24 years$2,128$1,642$1,252$944$706$487
25 years$2,021$1,541$1,159$862$636$430
26 years$1,923$1,448$1,075$789$573$379
27 years$1,832$1,363$998$722$516$335
28 years$1,747$1,284$928$661$466$297
29 years$1,669$1,211$864$606$421$263
30 years$1,596$1,144$805$557$380$233
31 years$1,528$1,082$750$511$344$206
32 years$1,464$1,023$700$470$311$183
33 years$1,404$969$653$432$281$162
34 years$1,348$919$610$397$255$144
35 years$1,295$871$571$366$231$127
36 years$1,245$827$534$337$209$113
37 years$1,198$785$500$311$189$100
38 years$1,154$746$468$286$172$89
39 years$1,112$710$438$264$156$79
40 years$1,072$675$411$243$141$70
41 years$1,034$643$385$225$128$62
42 years$998$612$361$207$116$55
43 years$964$583$339$191$106$49
44 years$932$556$318$177$96$44
45 years$901$530$299$163$87$39
46 years$871$506$281$151$79$34
47 years$843$483$264$139$72$31
48 years$816$461$248$129$65$27
49 years$790$440$233$119$59$24
50 years$765$420$219$110$54$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $784,000, adding $2,259 every year, while hoping to spend $49,263 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: 83/12/5 Blend
53$784,000$784,000$784,000$784,000
54$866,298$824,746$812,594$937,963
55$902,245$812,743$787,401$973,078
56$940,208$798,501$759,712$1,004,729
57$980,339$781,858$729,393$1,037,931
58$1,022,807$762,643$696,301$1,072,809
59$1,067,795$740,674$660,289$1,109,498
60$1,115,503$715,759$621,201$1,148,150
61$1,166,148$687,696$578,875$1,188,932
62$1,219,971$656,268$533,143$1,232,025
63$1,277,232$621,250$483,828$1,277,633
64$1,338,218$582,399$430,744$1,325,975
65$1,403,242$539,462$373,699$1,377,298
66$1,472,646$492,170$312,492$1,431,872
67$1,546,808$440,237$246,912$1,489,992
68$1,626,138$383,365$176,740$1,551,988
69$1,711,089$321,235$101,746$1,618,221
70$1,802,157$253,512$21,690$1,689,090
71$1,899,884$179,841$0$1,765,035
72$2,004,867$99,849$0$1,849,941
73$2,117,762$13,139$0$1,942,400
74$2,239,286$0$0$2,041,857
75$2,370,229$0$0$2,159,636
76$2,511,459$0$0$2,288,551
77$2,663,926$0$0$2,427,737
78$2,828,679$0$0$2,578,151
79$3,006,868$0$0$2,740,846
80$3,199,756$0$0$2,916,976
81$3,408,733$0$0$3,107,813
82$3,635,328$0$0$3,314,755
83$3,881,222$0$0$3,539,338
84$4,148,261$0$0$3,783,253
85$4,438,481$0$0$4,048,359
86$4,754,116$0$0$4,336,700
87$5,097,627$0$0$4,650,528
88$5,471,723$0$0$4,992,318
89$5,879,381$0$0$5,364,795
90$6,323,881$0$0$5,770,957
91$6,808,832$0$0$6,214,104
92$7,338,205$0$0$6,697,870
93$7,916,372$0$0$7,226,253
94$8,548,147$0$0$7,803,654
95$9,238,828$0$0$8,434,921
96$9,994,251$0$0$9,125,388
97$10,820,838$0$0$9,880,932
98$11,725,662$0$0$10,708,020
99$12,716,514$0$0$11,613,778
100$13,801,969$0$0$12,606,049