Can I retire at age 54 with 787,000?

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 $787,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$64,990$64,411$63,846$63,295$62,756$61,590
2 years$32,173$31,574$30,993$30,430$29,884$28,713
3 years$21,236$20,634$20,055$19,497$18,960$17,821
4 years$15,768$15,168$14,595$14,046$13,522$12,425
5 years$12,488$11,892$11,326$10,789$10,279$9,226
6 years$10,303$9,711$9,153$8,628$8,134$7,125
7 years$8,742$8,155$7,606$7,094$6,615$5,652
8 years$7,572$6,990$6,451$5,951$5,488$4,570
9 years$6,662$6,086$5,556$5,069$4,621$3,748
10 years$5,935$5,365$4,844$4,369$3,938$3,108
11 years$5,341$4,776$4,264$3,803$3,387$2,600
12 years$4,846$4,287$3,785$3,335$2,935$2,190
13 years$4,427$3,874$3,381$2,945$2,559$1,855
14 years$4,068$3,521$3,038$2,614$2,243$1,579
15 years$3,758$3,217$2,743$2,331$1,975$1,349
16 years$3,487$2,951$2,487$2,087$1,746$1,156
17 years$3,248$2,718$2,263$1,875$1,548$993
18 years$3,035$2,512$2,066$1,690$1,376$855
19 years$2,845$2,328$1,891$1,527$1,227$738
20 years$2,675$2,163$1,736$1,383$1,096$638
21 years$2,521$2,015$1,596$1,255$981$552
22 years$2,381$1,881$1,471$1,141$879$478
23 years$2,253$1,759$1,359$1,039$789$415
24 years$2,136$1,648$1,256$948$709$360
25 years$2,029$1,547$1,164$866$638$313
26 years$1,930$1,454$1,079$792$575$272
27 years$1,839$1,368$1,002$725$518$237
28 years$1,754$1,289$932$664$468$206
29 years$1,675$1,216$867$609$422$180
30 years$1,602$1,148$808$559$382$156
31 years$1,534$1,086$753$513$345$136
32 years$1,469$1,027$702$472$312$119
33 years$1,409$973$656$434$282$104
34 years$1,353$922$613$399$256$90
35 years$1,300$875$573$367$232$79
36 years$1,250$830$536$338$210$69
37 years$1,203$788$502$312$190$60
38 years$1,158$749$470$287$172$52
39 years$1,116$712$440$265$156$46
40 years$1,076$678$413$244$142$40
41 years$1,038$645$387$225$129$35
42 years$1,002$614$363$208$117$30
43 years$968$585$340$192$106$27
44 years$935$558$320$177$96$23
45 years$904$532$300$164$87$20
46 years$874$508$282$151$79$18
47 years$846$484$265$140$72$15
48 years$819$463$249$129$65$13
49 years$793$442$234$119$59$12
50 years$768$422$220$110$54$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $787,000, adding $5,643 every year, while hoping to spend $46,060 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: 74/15/11 Blend
53$787,000$787,000$787,000$787,000
54$873,095$831,384$819,185$935,435
55$913,143$823,114$797,620$969,084
56$955,732$812,895$773,790$999,631
57$1,001,073$800,584$747,568$1,031,826
58$1,049,397$786,026$718,825$1,065,816
59$1,100,955$769,061$687,426$1,101,768
60$1,156,024$749,517$653,226$1,139,864
61$1,214,908$727,213$616,079$1,180,306
62$1,277,939$701,956$575,827$1,223,317
63$1,345,480$673,544$532,309$1,269,144
64$1,417,932$641,761$485,355$1,318,059
65$1,495,734$606,380$434,787$1,370,365
66$1,579,367$567,160$380,420$1,426,396
67$1,669,358$523,847$322,060$1,486,520
68$1,766,289$476,172$259,505$1,551,146
69$1,870,796$423,850$192,545$1,620,725
70$1,983,581$366,582$120,958$1,695,754
71$2,105,411$304,049$44,515$1,776,787
72$2,237,132$235,916$0$1,864,432
73$2,379,673$161,830$0$1,963,713
74$2,534,055$81,416$0$2,076,882
75$2,701,402$0$0$2,199,563
76$2,882,947$0$0$2,333,642
77$3,080,050$0$0$2,493,828
78$3,294,202$0$0$2,667,902
79$3,527,048$0$0$2,857,201
80$3,780,394$0$0$3,063,200
81$4,056,230$0$0$3,287,520
82$4,356,743$0$0$3,531,945
83$4,684,342$0$0$3,798,437
84$5,041,677$0$0$4,089,158
85$5,431,666$0$0$4,406,486
86$5,857,519$0$0$4,753,039
87$6,322,772$0$0$5,131,698
88$6,831,316$0$0$5,545,637
89$7,387,435$0$0$5,998,349
90$7,995,848$0$0$6,493,679
91$8,661,747$0$0$7,035,863
92$9,390,854$0$0$7,629,565
93$10,189,466$0$0$8,279,920
94$11,064,520$0$0$8,992,583
95$12,023,655$0$0$9,773,784
96$13,075,284$0$0$10,630,381
97$14,228,673$0$0$11,569,932
98$15,494,030$0$0$12,600,756
99$16,882,594$0$0$13,732,022
100$18,406,750$0$0$14,973,825