Can I retire at age 54 with 785,000?

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 $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%12.3%
1 years$64,825$64,247$63,684$63,134$62,597$61,995
2 years$32,091$31,494$30,914$30,353$29,808$29,202
3 years$21,182$20,581$20,004$19,447$18,911$18,319
4 years$15,728$15,130$14,558$14,011$13,488$12,915
5 years$12,457$11,862$11,297$10,762$10,253$9,701
6 years$10,276$9,686$9,130$8,606$8,113$7,582
7 years$8,720$8,134$7,587$7,076$6,598$6,088
8 years$7,553$6,973$6,434$5,936$5,474$4,985
9 years$6,646$6,071$5,542$5,056$4,610$4,143
10 years$5,920$5,351$4,832$4,358$3,928$3,482
11 years$5,327$4,764$4,254$3,793$3,378$2,953
12 years$4,833$4,276$3,775$3,327$2,927$2,522
13 years$4,416$3,864$3,373$2,937$2,553$2,168
14 years$4,058$3,512$3,030$2,607$2,238$1,872
15 years$3,749$3,209$2,736$2,325$1,970$1,623
16 years$3,478$2,944$2,481$2,082$1,741$1,413
17 years$3,239$2,711$2,257$1,871$1,544$1,233
18 years$3,027$2,505$2,061$1,686$1,373$1,079
19 years$2,838$2,322$1,886$1,523$1,224$946
20 years$2,668$2,158$1,731$1,380$1,093$831
21 years$2,514$2,010$1,592$1,252$978$731
22 years$2,375$1,876$1,468$1,138$877$644
23 years$2,247$1,755$1,355$1,037$787$569
24 years$2,131$1,644$1,253$946$707$502
25 years$2,024$1,543$1,161$864$636$444
26 years$1,925$1,450$1,077$790$573$393
27 years$1,834$1,365$1,000$723$517$348
28 years$1,750$1,286$929$662$466$308
29 years$1,671$1,213$865$607$421$273
30 years$1,598$1,146$806$557$381$242
31 years$1,530$1,083$751$512$344$215
32 years$1,466$1,025$701$470$311$191
33 years$1,406$970$654$433$282$170
34 years$1,350$920$611$398$255$151
35 years$1,297$872$571$366$231$134
36 years$1,247$828$535$337$209$119
37 years$1,200$786$500$311$190$106
38 years$1,155$747$469$287$172$94
39 years$1,113$711$439$264$156$84
40 years$1,073$676$411$244$141$74
41 years$1,035$644$386$225$128$66
42 years$999$613$362$208$116$59
43 years$965$584$340$192$106$52
44 years$933$557$319$177$96$47
45 years$902$531$299$163$87$41
46 years$872$506$281$151$79$37
47 years$844$483$264$139$72$33
48 years$817$461$248$129$65$29
49 years$791$441$233$119$59$26
50 years$766$421$219$110$54$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $785,000, adding $3,377 every year, while hoping to spend $56,596 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: 52/23/25 Blend
53$785,000$785,000$785,000$785,000
54$868,553$826,948$814,781$907,499
55$896,928$807,251$781,858$915,131
56$926,300$784,692$745,936$917,376
57$956,712$759,071$706,854$918,665
58$988,207$730,176$664,444$918,931
59$1,020,833$697,783$618,532$918,100
60$1,054,639$661,656$568,934$916,097
61$1,089,679$621,543$515,459$912,843
62$1,126,007$577,180$457,909$908,254
63$1,163,685$528,287$396,073$902,243
64$1,202,774$474,567$329,736$894,718
65$1,243,343$415,707$258,668$885,585
66$1,285,464$351,376$182,633$874,743
67$1,329,213$281,225$101,382$862,088
68$1,374,672$204,884$14,658$847,512
69$1,421,929$121,964$0$830,901
70$1,471,078$32,053$0$832,915
71$1,522,220$0$0$838,175
72$1,575,463$0$0$859,243
73$1,630,922$0$0$889,652
74$1,688,724$0$0$921,359
75$1,749,002$0$0$954,441
76$1,811,901$0$0$988,979
77$1,877,578$0$0$1,025,061
78$1,946,201$0$0$1,062,782
79$2,017,953$0$0$1,102,246
80$2,093,030$0$0$1,143,563
81$2,171,646$0$0$1,186,855
82$2,254,033$0$0$1,232,252
83$2,340,440$0$0$1,279,896
84$2,431,141$0$0$1,329,941
85$2,526,431$0$0$1,382,555
86$2,626,631$0$0$1,437,920
87$2,732,090$0$0$1,496,234
88$2,843,188$0$0$1,557,713
89$2,960,340$0$0$1,622,592
90$3,083,996$0$0$1,691,127
91$3,214,649$0$0$1,763,598
92$3,352,835$0$0$1,840,311
93$3,499,140$0$0$1,921,598
94$3,654,205$0$0$2,007,824
95$3,818,727$0$0$2,099,388
96$3,993,473$0$0$2,196,724
97$4,179,277$0$0$2,300,309
98$4,377,056$0$0$2,410,664
99$4,587,810$0$0$2,528,361
100$4,812,636$0$0$2,654,026