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%16%
1 years$64,825$64,247$63,684$63,134$62,597$61,059
2 years$32,091$31,494$30,914$30,353$29,808$28,268
3 years$21,182$20,581$20,004$19,447$18,911$17,418
4 years$15,728$15,130$14,558$14,011$13,488$12,052
5 years$12,457$11,862$11,297$10,762$10,253$8,879
6 years$10,276$9,686$9,130$8,606$8,113$6,801
7 years$8,720$8,134$7,587$7,076$6,598$5,350
8 years$7,553$6,973$6,434$5,936$5,474$4,288
9 years$6,646$6,071$5,542$5,056$4,610$3,485
10 years$5,920$5,351$4,832$4,358$3,928$2,864
11 years$5,327$4,764$4,254$3,793$3,378$2,373
12 years$4,833$4,276$3,775$3,327$2,927$1,979
13 years$4,416$3,864$3,373$2,937$2,553$1,660
14 years$4,058$3,512$3,030$2,607$2,238$1,398
15 years$3,749$3,209$2,736$2,325$1,970$1,182
16 years$3,478$2,944$2,481$2,082$1,741$1,002
17 years$3,239$2,711$2,257$1,871$1,544$852
18 years$3,027$2,505$2,061$1,686$1,373$726
19 years$2,838$2,322$1,886$1,523$1,224$619
20 years$2,668$2,158$1,731$1,380$1,093$529
21 years$2,514$2,010$1,592$1,252$978$453
22 years$2,375$1,876$1,468$1,138$877$388
23 years$2,247$1,755$1,355$1,037$787$333
24 years$2,131$1,644$1,253$946$707$285
25 years$2,024$1,543$1,161$864$636$245
26 years$1,925$1,450$1,077$790$573$210
27 years$1,834$1,365$1,000$723$517$181
28 years$1,750$1,286$929$662$466$156
29 years$1,671$1,213$865$607$421$134
30 years$1,598$1,146$806$557$381$115
31 years$1,530$1,083$751$512$344$99
32 years$1,466$1,025$701$470$311$85
33 years$1,406$970$654$433$282$73
34 years$1,350$920$611$398$255$63
35 years$1,297$872$571$366$231$54
36 years$1,247$828$535$337$209$47
37 years$1,200$786$500$311$190$40
38 years$1,155$747$469$287$172$35
39 years$1,113$711$439$264$156$30
40 years$1,073$676$411$244$141$26
41 years$1,035$644$386$225$128$22
42 years$999$613$362$208$116$19
43 years$965$584$340$192$106$17
44 years$933$557$319$177$96$14
45 years$902$531$299$163$87$12
46 years$872$506$281$151$79$11
47 years$844$483$264$139$72$9
48 years$817$461$248$129$65$8
49 years$791$441$233$119$59$7
50 years$766$421$219$110$54$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $785,000, adding $6,732 every year, while hoping to spend $53,483 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: 51/44/5 Blend
53$785,000$785,000$785,000$785,000
54$872,014$830,409$818,242$915,133
55$904,054$814,194$788,747$928,937
56$937,569$795,391$756,472$937,562
57$972,655$773,818$721,267$945,643
58$1,009,411$749,281$682,975$953,140
59$1,047,949$721,574$641,433$960,013
60$1,088,389$690,481$596,470$966,218
61$1,130,861$655,770$547,908$971,715
62$1,175,506$617,200$495,560$976,461
63$1,222,477$574,512$439,231$980,414
64$1,271,942$527,436$378,718$983,532
65$1,324,083$475,683$313,807$985,773
66$1,379,098$418,950$244,278$987,098
67$1,437,203$356,915$169,899$987,467
68$1,498,634$289,240$90,427$986,846
69$1,563,648$215,567$5,610$985,199
70$1,632,527$135,516$0$982,498
71$1,705,577$48,689$0$983,245
72$1,783,134$0$0$983,504
73$1,865,565$0$0$1,004,928
74$1,953,270$0$0$1,052,848
75$2,046,691$0$0$1,103,937
76$2,146,308$0$0$1,158,464
77$2,252,647$0$0$1,216,723
78$2,366,286$0$0$1,279,037
79$2,487,859$0$0$1,345,761
80$2,618,058$0$0$1,417,283
81$2,757,646$0$0$1,494,030
82$2,907,457$0$0$1,576,468
83$3,068,407$0$0$1,665,111
84$3,241,502$0$0$1,760,524
85$3,427,847$0$0$1,863,323
86$3,628,654$0$0$1,974,190
87$3,845,255$0$0$2,093,871
88$4,079,114$0$0$2,223,186
89$4,331,838$0$0$2,363,037
90$4,605,194$0$0$2,514,415
91$4,901,125$0$0$2,678,410
92$5,221,766$0$0$2,856,219
93$5,569,466$0$0$3,049,160
94$5,946,806$0$0$3,258,681
95$6,356,626$0$0$3,486,377
96$6,802,050$0$0$3,733,999
97$7,286,515$0$0$4,003,478
98$7,813,800$0$0$4,296,935
99$8,388,067$0$0$4,616,705
100$9,013,892$0$0$4,965,358