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%11.3%
1 years$64,825$64,247$63,684$63,134$62,597$62,255
2 years$32,091$31,494$30,914$30,353$29,808$29,463
3 years$21,182$20,581$20,004$19,447$18,911$18,574
4 years$15,728$15,130$14,558$14,011$13,488$13,160
5 years$12,457$11,862$11,297$10,762$10,253$9,937
6 years$10,276$9,686$9,130$8,606$8,113$7,808
7 years$8,720$8,134$7,587$7,076$6,598$6,305
8 years$7,553$6,973$6,434$5,936$5,474$5,192
9 years$6,646$6,071$5,542$5,056$4,610$4,340
10 years$5,920$5,351$4,832$4,358$3,928$3,669
11 years$5,327$4,764$4,254$3,793$3,378$3,131
12 years$4,833$4,276$3,775$3,327$2,927$2,692
13 years$4,416$3,864$3,373$2,937$2,553$2,328
14 years$4,058$3,512$3,030$2,607$2,238$2,024
15 years$3,749$3,209$2,736$2,325$1,970$1,767
16 years$3,478$2,944$2,481$2,082$1,741$1,548
17 years$3,239$2,711$2,257$1,871$1,544$1,360
18 years$3,027$2,505$2,061$1,686$1,373$1,199
19 years$2,838$2,322$1,886$1,523$1,224$1,059
20 years$2,668$2,158$1,731$1,380$1,093$937
21 years$2,514$2,010$1,592$1,252$978$830
22 years$2,375$1,876$1,468$1,138$877$737
23 years$2,247$1,755$1,355$1,037$787$655
24 years$2,131$1,644$1,253$946$707$583
25 years$2,024$1,543$1,161$864$636$520
26 years$1,925$1,450$1,077$790$573$464
27 years$1,834$1,365$1,000$723$517$414
28 years$1,750$1,286$929$662$466$370
29 years$1,671$1,213$865$607$421$330
30 years$1,598$1,146$806$557$381$295
31 years$1,530$1,083$751$512$344$264
32 years$1,466$1,025$701$470$311$236
33 years$1,406$970$654$433$282$212
34 years$1,350$920$611$398$255$190
35 years$1,297$872$571$366$231$170
36 years$1,247$828$535$337$209$152
37 years$1,200$786$500$311$190$137
38 years$1,155$747$469$287$172$122
39 years$1,113$711$439$264$156$110
40 years$1,073$676$411$244$141$99
41 years$1,035$644$386$225$128$88
42 years$999$613$362$208$116$79
43 years$965$584$340$192$106$71
44 years$933$557$319$177$96$64
45 years$902$531$299$163$87$57
46 years$872$506$281$151$79$51
47 years$844$483$264$139$72$46
48 years$817$461$248$129$65$41
49 years$791$441$233$119$59$37
50 years$766$421$219$110$54$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $785,000, adding $6,639 every year, while hoping to spend $33,988 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$871,918$830,313$818,146$910,864
55$924,691$834,836$809,391$943,060
56$981,707$838,440$799,203$974,053
57$1,043,364$841,047$787,499$1,007,076
58$1,110,098$842,569$774,191$1,042,334
59$1,182,389$842,915$759,187$1,080,057
60$1,260,764$841,989$742,391$1,120,499
61$1,345,802$839,688$723,702$1,163,943
62$1,438,143$835,901$703,015$1,210,699
63$1,538,487$830,514$680,219$1,261,113
64$1,647,606$823,402$655,200$1,315,569
65$1,766,349$814,437$627,837$1,374,490
66$1,895,651$803,478$598,004$1,438,346
67$2,036,540$790,381$565,569$1,507,656
68$2,190,146$774,988$530,394$1,582,997
69$2,357,715$757,137$492,337$1,665,005
70$2,540,618$736,653$451,246$1,754,384
71$2,740,363$713,351$406,965$1,851,915
72$2,958,611$687,036$359,329$1,958,459
73$3,197,190$657,502$308,168$2,074,970
74$3,458,114$624,530$253,302$2,202,503
75$3,743,598$587,888$194,544$2,342,224
76$4,056,084$547,334$131,700$2,495,423
77$4,398,258$502,607$64,565$2,663,524
78$4,773,080$453,434$0$2,848,103
79$5,183,810$399,528$0$3,052,789
80$5,634,036$340,582$0$3,296,119
81$6,127,711$276,275$0$3,563,040
82$6,669,191$206,264$0$3,855,964
83$7,263,269$130,192$0$4,177,552
84$7,915,228$47,678$0$4,530,739
85$8,630,888$0$0$4,918,761
86$9,416,656$0$0$5,355,737
87$10,279,593$0$0$5,848,963
88$11,227,476$0$0$6,390,826
89$12,268,874$0$0$6,986,235
90$13,413,224$0$0$7,640,597
91$14,670,926$0$0$8,359,871
92$16,053,433$0$0$9,150,617
93$17,573,368$0$0$10,020,068
94$19,244,634$0$0$10,976,190
95$21,082,552$0$0$12,027,760
96$23,103,998$0$0$13,184,448
97$25,327,569$0$0$14,456,909
98$27,773,753$0$0$15,856,881
99$30,465,126$0$0$17,397,300
100$33,426,560$0$0$19,092,416