Can I retire at age 54 with 785,000?

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 $785,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$64,825$64,247$63,684$63,134$62,597$61,283
2 years$32,091$31,494$30,914$30,353$29,808$28,490
3 years$21,182$20,581$20,004$19,447$18,911$17,631
4 years$15,728$15,130$14,558$14,011$13,488$12,255
5 years$12,457$11,862$11,297$10,762$10,253$9,071
6 years$10,276$9,686$9,130$8,606$8,113$6,983
7 years$8,720$8,134$7,587$7,076$6,598$5,520
8 years$7,553$6,973$6,434$5,936$5,474$4,448
9 years$6,646$6,071$5,542$5,056$4,610$3,635
10 years$5,920$5,351$4,832$4,358$3,928$3,004
11 years$5,327$4,764$4,254$3,793$3,378$2,503
12 years$4,833$4,276$3,775$3,327$2,927$2,100
13 years$4,416$3,864$3,373$2,937$2,553$1,772
14 years$4,058$3,512$3,030$2,607$2,238$1,502
15 years$3,749$3,209$2,736$2,325$1,970$1,277
16 years$3,478$2,944$2,481$2,082$1,741$1,090
17 years$3,239$2,711$2,257$1,871$1,544$933
18 years$3,027$2,505$2,061$1,686$1,373$800
19 years$2,838$2,322$1,886$1,523$1,224$687
20 years$2,668$2,158$1,731$1,380$1,093$591
21 years$2,514$2,010$1,592$1,252$978$509
22 years$2,375$1,876$1,468$1,138$877$439
23 years$2,247$1,755$1,355$1,037$787$379
24 years$2,131$1,644$1,253$946$707$328
25 years$2,024$1,543$1,161$864$636$283
26 years$1,925$1,450$1,077$790$573$245
27 years$1,834$1,365$1,000$723$517$212
28 years$1,750$1,286$929$662$466$184
29 years$1,671$1,213$865$607$421$159
30 years$1,598$1,146$806$557$381$138
31 years$1,530$1,083$751$512$344$120
32 years$1,466$1,025$701$470$311$104
33 years$1,406$970$654$433$282$90
34 years$1,350$920$611$398$255$78
35 years$1,297$872$571$366$231$68
36 years$1,247$828$535$337$209$59
37 years$1,200$786$500$311$190$51
38 years$1,155$747$469$287$172$44
39 years$1,113$711$439$264$156$39
40 years$1,073$676$411$244$141$33
41 years$1,035$644$386$225$128$29
42 years$999$613$362$208$116$25
43 years$965$584$340$192$106$22
44 years$933$557$319$177$96$19
45 years$902$531$299$163$87$17
46 years$872$506$281$151$79$14
47 years$844$483$264$139$72$12
48 years$817$461$248$129$65$11
49 years$791$441$233$119$59$9
50 years$766$421$219$110$54$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $785,000, adding $2,590 every year, while hoping to spend $43,215 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: 58/33/9 Blend
53$785,000$785,000$785,000$785,000
54$867,742$826,137$813,969$916,111
55$910,271$820,637$795,257$943,462
56$955,690$813,419$774,469$968,173
57$1,004,247$804,354$751,491$994,051
58$1,056,216$793,303$726,202$1,021,210
59$1,111,897$780,122$698,476$1,049,782
60$1,171,617$764,655$668,182$1,079,909
61$1,235,738$746,738$635,181$1,111,753
62$1,304,654$726,199$599,331$1,145,494
63$1,378,800$702,854$560,480$1,181,331
64$1,458,653$676,509$518,471$1,219,487
65$1,544,735$646,958$473,140$1,260,212
66$1,637,624$613,985$424,316$1,303,781
67$1,737,949$577,358$371,818$1,350,503
68$1,846,407$536,835$315,461$1,400,719
69$1,963,759$492,159$255,048$1,454,811
70$2,090,846$443,058$190,375$1,513,202
71$2,228,589$389,244$121,229$1,576,363
72$2,378,003$330,415$47,388$1,644,815
73$2,540,203$266,249$0$1,719,140
74$2,716,416$196,408$0$1,802,999
75$2,907,992$120,534$0$1,899,143
76$3,116,416$38,249$0$2,003,835
77$3,343,321$0$0$2,117,981
78$3,590,505$0$0$2,261,047
79$3,859,945$0$0$2,432,196
80$4,153,820$0$0$2,618,929
81$4,474,524$0$0$2,822,776
82$4,824,697$0$0$3,045,422
83$5,207,241$0$0$3,288,721
84$5,625,353$0$0$3,554,716
85$6,082,552$0$0$3,845,655
86$6,582,713$0$0$4,164,013
87$7,130,102$0$0$4,512,515
88$7,729,418$0$0$4,894,163
89$8,385,833$0$0$5,312,263
90$9,105,044$0$0$5,770,454
91$9,893,327$0$0$6,272,746
92$10,757,591$0$0$6,823,552
93$11,705,447$0$0$7,427,737
94$12,745,278$0$0$8,090,657
95$13,886,316$0$0$8,818,211
96$15,138,732$0$0$9,616,899
97$16,513,730$0$0$10,493,878
98$18,023,649$0$0$11,457,035
99$19,682,083$0$0$12,515,057
100$21,504,008$0$0$13,677,513