Can I retire at age 54 with 786,000?

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 $786,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$64,907$64,329$63,765$63,214$62,677$61,261
2 years$32,132$31,534$30,954$30,392$29,846$28,427
3 years$21,209$20,608$20,029$19,472$18,936$17,558
4 years$15,748$15,149$14,576$14,029$13,505$12,180
5 years$12,472$11,877$11,312$10,775$10,266$8,996
6 years$10,289$9,698$9,142$8,617$8,123$6,911
7 years$8,731$8,145$7,597$7,085$6,606$5,451
8 years$7,562$6,981$6,443$5,943$5,481$4,382
9 years$6,654$6,079$5,549$5,062$4,616$3,572
10 years$5,928$5,358$4,838$4,364$3,933$2,944
11 years$5,334$4,770$4,259$3,798$3,382$2,447
12 years$4,839$4,281$3,780$3,331$2,931$2,048
13 years$4,421$3,869$3,377$2,941$2,556$1,723
14 years$4,063$3,517$3,034$2,611$2,240$1,457
15 years$3,753$3,213$2,740$2,328$1,973$1,236
16 years$3,482$2,948$2,484$2,085$1,743$1,052
17 years$3,243$2,715$2,260$1,873$1,546$897
18 years$3,031$2,508$2,063$1,688$1,375$767
19 years$2,842$2,325$1,889$1,525$1,225$657
20 years$2,671$2,160$1,733$1,381$1,094$564
21 years$2,517$2,012$1,594$1,254$979$484
22 years$2,378$1,878$1,469$1,140$878$416
23 years$2,250$1,757$1,357$1,038$788$358
24 years$2,134$1,646$1,255$947$708$309
25 years$2,026$1,545$1,162$865$637$266
26 years$1,928$1,452$1,078$791$574$229
27 years$1,836$1,366$1,001$724$518$198
28 years$1,752$1,287$930$663$467$171
29 years$1,673$1,215$866$608$422$148
30 years$1,600$1,147$807$558$381$128
31 years$1,532$1,084$752$512$344$110
32 years$1,468$1,026$702$471$312$95
33 years$1,408$972$655$433$282$82
34 years$1,351$921$612$399$255$71
35 years$1,298$873$572$367$231$62
36 years$1,248$829$535$338$210$53
37 years$1,201$787$501$311$190$46
38 years$1,157$748$469$287$172$40
39 years$1,115$712$440$265$156$35
40 years$1,075$677$412$244$142$30
41 years$1,037$644$386$225$128$26
42 years$1,001$614$362$208$117$22
43 years$966$585$340$192$106$19
44 years$934$557$319$177$96$17
45 years$903$532$300$164$87$15
46 years$873$507$282$151$79$13
47 years$845$484$264$140$72$11
48 years$818$462$249$129$65$9
49 years$792$441$234$119$59$8
50 years$767$421$220$110$54$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $786,000, adding $3,271 every year, while hoping to spend $45,220 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: 54/23/23 Blend
53$786,000$786,000$786,000$786,000
54$869,546$827,888$815,705$910,841
55$910,126$820,341$794,917$932,040
56$953,330$810,908$771,918$950,119
57$999,377$799,450$746,584$968,850
58$1,048,508$785,818$718,790$988,311
59$1,100,987$769,854$688,401$1,008,588
60$1,157,103$751,393$655,278$1,029,781
61$1,217,174$730,257$619,275$1,052,002
62$1,281,546$706,260$580,242$1,075,375
63$1,350,601$679,204$538,017$1,100,043
64$1,424,757$648,880$492,435$1,126,164
65$1,504,473$615,066$443,323$1,153,918
66$1,590,254$577,529$390,499$1,183,504
67$1,682,653$536,021$333,774$1,215,148
68$1,782,278$490,280$272,949$1,249,101
69$1,889,796$440,029$207,819$1,285,645
70$2,005,941$384,977$138,167$1,325,095
71$2,131,520$324,814$63,768$1,367,803
72$2,267,418$259,213$0$1,414,161
73$2,414,610$187,830$0$1,468,444
74$2,574,167$110,301$0$1,544,254
75$2,747,267$26,240$0$1,626,534
76$2,935,206$0$0$1,715,956
77$3,139,406$0$0$1,829,653
78$3,361,437$0$0$1,960,565
79$3,603,022$0$0$2,103,075
80$3,866,058$0$0$2,258,311
81$4,152,633$0$0$2,427,514
82$4,465,045$0$0$2,612,049
83$4,805,820$0$0$2,813,420
84$5,177,743$0$0$3,033,281
85$5,583,877$0$0$3,273,455
86$6,027,594$0$0$3,535,946
87$6,512,605$0$0$3,822,961
88$7,042,999$0$0$4,136,933
89$7,623,276$0$0$4,480,536
90$8,258,390$0$0$4,856,718
91$8,953,799$0$0$5,268,725
92$9,715,510$0$0$5,720,130
93$10,550,142$0$0$6,214,869
94$11,464,980$0$0$6,757,277
95$12,468,052$0$0$7,352,128
96$13,568,198$0$0$8,004,680
97$14,775,152$0$0$8,720,726
98$16,099,641$0$0$9,506,645
99$17,553,476$0$0$10,369,465
100$19,149,670$0$0$11,316,926