Can I retire at age 54 with 787,000?

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 $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%17.9%
1 years$64,990$64,411$63,846$63,295$62,756$60,748
2 years$32,173$31,574$30,993$30,430$29,884$27,879
3 years$21,236$20,634$20,055$19,497$18,960$17,021
4 years$15,768$15,168$14,595$14,046$13,522$11,665
5 years$12,488$11,892$11,326$10,789$10,279$8,508
6 years$10,303$9,711$9,153$8,628$8,134$6,450
7 years$8,742$8,155$7,606$7,094$6,615$5,019
8 years$7,572$6,990$6,451$5,951$5,488$3,978
9 years$6,662$6,086$5,556$5,069$4,621$3,197
10 years$5,935$5,365$4,844$4,369$3,938$2,595
11 years$5,341$4,776$4,264$3,803$3,387$2,124
12 years$4,846$4,287$3,785$3,335$2,935$1,750
13 years$4,427$3,874$3,381$2,945$2,559$1,449
14 years$4,068$3,521$3,038$2,614$2,243$1,205
15 years$3,758$3,217$2,743$2,331$1,975$1,005
16 years$3,487$2,951$2,487$2,087$1,746$840
17 years$3,248$2,718$2,263$1,875$1,548$705
18 years$3,035$2,512$2,066$1,690$1,376$592
19 years$2,845$2,328$1,891$1,527$1,227$498
20 years$2,675$2,163$1,736$1,383$1,096$419
21 years$2,521$2,015$1,596$1,255$981$354
22 years$2,381$1,881$1,471$1,141$879$298
23 years$2,253$1,759$1,359$1,039$789$252
24 years$2,136$1,648$1,256$948$709$213
25 years$2,029$1,547$1,164$866$638$180
26 years$1,930$1,454$1,079$792$575$152
27 years$1,839$1,368$1,002$725$518$129
28 years$1,754$1,289$932$664$468$109
29 years$1,675$1,216$867$609$422$93
30 years$1,602$1,148$808$559$382$78
31 years$1,534$1,086$753$513$345$66
32 years$1,469$1,027$702$472$312$56
33 years$1,409$973$656$434$282$48
34 years$1,353$922$613$399$256$40
35 years$1,300$875$573$367$232$34
36 years$1,250$830$536$338$210$29
37 years$1,203$788$502$312$190$25
38 years$1,158$749$470$287$172$21
39 years$1,116$712$440$265$156$18
40 years$1,076$678$413$244$142$15
41 years$1,038$645$387$225$129$13
42 years$1,002$614$363$208$117$11
43 years$968$585$340$192$106$9
44 years$935$558$320$177$96$8
45 years$904$532$300$164$87$7
46 years$874$508$282$151$79$6
47 years$846$484$265$140$72$5
48 years$819$463$249$129$65$4
49 years$793$442$234$119$59$3
50 years$768$422$220$110$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $787,000, adding $3,189 every year, while hoping to spend $38,837 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: 60/25/15 Blend
53$787,000$787,000$787,000$787,000
54$870,563$828,852$816,654$919,327
55$918,039$828,144$802,690$951,868
56$969,055$826,099$786,956$982,726
57$1,023,932$822,611$769,352$1,015,473
58$1,083,021$817,568$749,774$1,050,293
59$1,146,709$810,849$728,111$1,087,396
60$1,215,420$802,326$704,249$1,127,009
61$1,289,619$791,867$678,068$1,169,387
62$1,369,819$779,327$649,442$1,214,811
63$1,456,581$764,555$618,239$1,263,595
64$1,550,526$747,391$584,323$1,316,083
65$1,652,332$727,666$547,551$1,372,658
66$1,762,747$705,199$507,771$1,433,745
67$1,882,593$679,800$464,828$1,499,813
68$2,012,776$651,268$418,557$1,571,382
69$2,154,289$619,390$368,789$1,649,028
70$2,308,227$583,940$315,344$1,733,388
71$2,475,794$544,681$258,035$1,825,166
72$2,658,315$501,361$196,669$1,925,142
73$2,857,247$453,712$131,042$2,034,180
74$3,074,196$401,453$60,942$2,153,233
75$3,310,928$344,288$0$2,283,357
76$3,569,385$281,901$0$2,427,939
77$3,851,709$213,960$0$2,596,603
78$4,160,254$140,115$0$2,781,050
79$4,497,615$59,996$0$2,982,898
80$4,866,646$0$0$3,203,932
81$5,270,492$0$0$3,453,493
82$5,712,616$0$0$3,744,837
83$6,196,828$0$0$4,063,980
84$6,727,328$0$0$4,413,696
85$7,308,740$0$0$4,797,041
86$7,946,155$0$0$5,217,382
87$8,645,183$0$0$5,678,425
88$9,411,999$0$0$6,184,254
89$10,253,408$0$0$6,739,367
90$11,176,905$0$0$7,348,717
91$12,190,744$0$0$8,017,762
92$13,304,020$0$0$8,752,513
93$14,526,749$0$0$9,559,592
94$15,869,966$0$0$10,446,294
95$17,345,828$0$0$11,420,656
96$18,967,728$0$0$12,491,531
97$20,750,420$0$0$13,668,674
98$22,710,157$0$0$14,962,830
99$24,864,848$0$0$16,385,839
100$27,234,223$0$0$17,950,743