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%15.1%
1 years$64,990$64,411$63,846$63,295$62,756$61,439
2 years$32,173$31,574$30,993$30,430$29,884$28,563
3 years$21,236$20,634$20,055$19,497$18,960$17,676
4 years$15,768$15,168$14,595$14,046$13,522$12,286
5 years$12,488$11,892$11,326$10,789$10,279$9,094
6 years$10,303$9,711$9,153$8,628$8,134$7,001
7 years$8,742$8,155$7,606$7,094$6,615$5,535
8 years$7,572$6,990$6,451$5,951$5,488$4,459
9 years$6,662$6,086$5,556$5,069$4,621$3,645
10 years$5,935$5,365$4,844$4,369$3,938$3,011
11 years$5,341$4,776$4,264$3,803$3,387$2,509
12 years$4,846$4,287$3,785$3,335$2,935$2,105
13 years$4,427$3,874$3,381$2,945$2,559$1,776
14 years$4,068$3,521$3,038$2,614$2,243$1,505
15 years$3,758$3,217$2,743$2,331$1,975$1,281
16 years$3,487$2,951$2,487$2,087$1,746$1,093
17 years$3,248$2,718$2,263$1,875$1,548$935
18 years$3,035$2,512$2,066$1,690$1,376$802
19 years$2,845$2,328$1,891$1,527$1,227$689
20 years$2,675$2,163$1,736$1,383$1,096$593
21 years$2,521$2,015$1,596$1,255$981$511
22 years$2,381$1,881$1,471$1,141$879$440
23 years$2,253$1,759$1,359$1,039$789$380
24 years$2,136$1,648$1,256$948$709$329
25 years$2,029$1,547$1,164$866$638$284
26 years$1,930$1,454$1,079$792$575$246
27 years$1,839$1,368$1,002$725$518$213
28 years$1,754$1,289$932$664$468$184
29 years$1,675$1,216$867$609$422$160
30 years$1,602$1,148$808$559$382$139
31 years$1,534$1,086$753$513$345$120
32 years$1,469$1,027$702$472$312$104
33 years$1,409$973$656$434$282$90
34 years$1,353$922$613$399$256$78
35 years$1,300$875$573$367$232$68
36 years$1,250$830$536$338$210$59
37 years$1,203$788$502$312$190$51
38 years$1,158$749$470$287$172$45
39 years$1,116$712$440$265$156$39
40 years$1,076$678$413$244$142$34
41 years$1,038$645$387$225$129$29
42 years$1,002$614$363$208$117$25
43 years$968$585$340$192$106$22
44 years$935$558$320$177$96$19
45 years$904$532$300$164$87$17
46 years$874$508$282$151$79$14
47 years$846$484$265$140$72$13
48 years$819$463$249$129$65$11
49 years$793$442$234$119$59$9
50 years$768$422$220$110$54$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $787,000, adding $6,993 every year, while hoping to spend $39,350 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: 76/11/13 Blend
53$787,000$787,000$787,000$787,000
54$874,487$832,776$820,578$938,114
55$921,817$831,714$806,199$979,982
56$972,655$829,281$790,020$1,020,221
57$1,027,319$825,369$771,938$1,063,240
58$1,086,155$819,861$751,847$1,109,304
59$1,149,544$812,636$729,636$1,158,703
60$1,217,907$803,565$705,188$1,211,757
61$1,291,702$792,508$678,381$1,268,819
62$1,371,436$779,321$649,087$1,330,279
63$1,457,665$763,850$617,173$1,396,567
64$1,550,998$745,930$582,500$1,468,156
65$1,652,107$725,388$544,921$1,545,571
66$1,761,732$702,042$504,286$1,629,387
67$1,880,683$675,696$460,434$1,720,241
68$2,009,854$646,147$413,199$1,818,835
69$2,150,226$613,175$362,409$1,925,943
70$2,302,881$576,552$307,881$2,042,420
71$2,469,006$536,034$249,426$2,169,208
72$2,649,909$491,365$186,847$2,307,345
73$2,847,031$442,273$119,937$2,457,978
74$3,061,954$388,470$48,481$2,622,373
75$3,296,421$329,653$0$2,801,923
76$3,552,352$265,502$0$3,002,021
77$3,831,859$195,678$0$3,227,937
78$4,137,266$119,824$0$3,474,846
79$4,471,132$37,561$0$3,744,847
80$4,836,277$0$0$4,040,254
81$5,235,804$0$0$4,369,854
82$5,673,127$0$0$4,735,641
83$6,152,011$0$0$5,136,221
84$6,676,599$0$0$5,575,063
85$7,251,452$0$0$6,055,987
86$7,881,596$0$0$6,583,202
87$8,572,566$0$0$7,161,343
88$9,330,456$0$0$7,795,513
89$10,161,981$0$0$8,491,336
90$11,074,536$0$0$9,255,004
91$12,076,267$0$0$10,093,339
92$13,176,146$0$0$11,013,855
93$14,384,059$0$0$12,024,830
94$15,710,892$0$0$13,135,384
95$17,168,642$0$0$14,355,560
96$18,770,522$0$0$15,696,426
97$20,531,090$0$0$17,170,173
98$22,466,385$0$0$18,790,232
99$24,594,074$0$0$20,571,402
100$26,933,626$0$0$22,529,985