Can I retire at age 54 with 788,000?

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 $788,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$65,072$64,493$63,927$63,375$62,836$62,025
2 years$32,214$31,614$31,033$30,469$29,922$29,106
3 years$21,263$20,660$20,080$19,522$18,984$18,188
4 years$15,788$15,187$14,613$14,064$13,539$12,771
5 years$12,504$11,907$11,340$10,803$10,292$9,552
6 years$10,316$9,723$9,165$8,639$8,144$7,434
7 years$8,753$8,165$7,616$7,103$6,623$5,943
8 years$7,582$6,999$6,459$5,958$5,495$4,844
9 years$6,671$6,094$5,563$5,075$4,627$4,006
10 years$5,943$5,372$4,850$4,375$3,943$3,351
11 years$5,348$4,782$4,270$3,807$3,391$2,828
12 years$4,852$4,292$3,789$3,340$2,938$2,403
13 years$4,433$3,879$3,386$2,948$2,562$2,055
14 years$4,074$3,526$3,042$2,617$2,246$1,765
15 years$3,763$3,221$2,746$2,334$1,978$1,522
16 years$3,491$2,955$2,490$2,090$1,748$1,317
17 years$3,252$2,721$2,266$1,878$1,550$1,143
18 years$3,039$2,515$2,068$1,692$1,378$995
19 years$2,849$2,331$1,894$1,529$1,228$867
20 years$2,678$2,166$1,738$1,385$1,097$757
21 years$2,524$2,017$1,598$1,257$982$662
22 years$2,384$1,883$1,473$1,143$880$580
23 years$2,256$1,761$1,360$1,041$790$509
24 years$2,139$1,650$1,258$949$710$447
25 years$2,032$1,549$1,165$867$639$392
26 years$1,933$1,455$1,081$793$576$345
27 years$1,841$1,370$1,003$726$519$304
28 years$1,756$1,291$933$665$468$267
29 years$1,677$1,218$868$610$423$235
30 years$1,604$1,150$809$559$382$207
31 years$1,535$1,087$754$514$345$183
32 years$1,471$1,029$703$472$312$161
33 years$1,411$974$657$434$283$142
34 years$1,355$923$614$400$256$126
35 years$1,302$876$574$368$232$111
36 years$1,252$831$537$339$210$98
37 years$1,204$789$502$312$190$86
38 years$1,160$750$470$288$173$76
39 years$1,117$713$441$265$157$67
40 years$1,077$679$413$245$142$59
41 years$1,039$646$387$226$129$53
42 years$1,003$615$363$208$117$46
43 years$969$586$341$192$106$41
44 years$936$559$320$178$96$36
45 years$905$533$300$164$87$32
46 years$875$508$282$151$79$28
47 years$847$485$265$140$72$25
48 years$820$463$249$129$65$22
49 years$794$442$234$119$59$20
50 years$769$422$220$110$54$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $788,000, adding $5,028 every year, while hoping to spend $55,416 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: 73/5/22 Blend
53$788,000$788,000$788,000$788,000
54$873,562$831,798$819,584$932,286
55$903,704$813,594$788,078$953,821
56$935,062$792,641$753,659$970,279
57$967,703$768,745$716,172$986,922
58$1,001,697$741,702$675,452$1,003,759
59$1,037,120$711,296$631,330$1,020,800
60$1,074,054$677,297$583,627$1,038,060
61$1,112,586$639,463$532,157$1,055,553
62$1,152,811$597,538$476,726$1,073,299
63$1,194,832$551,251$417,130$1,091,319
64$1,238,758$500,316$353,157$1,109,640
65$1,284,710$444,429$284,586$1,128,290
66$1,332,816$383,272$211,185$1,147,306
67$1,383,216$316,505$132,713$1,166,727
68$1,436,062$243,772$48,917$1,186,600
69$1,491,519$164,696$0$1,206,977
70$1,549,766$78,878$0$1,237,427
71$1,610,996$0$0$1,281,384
72$1,675,421$0$0$1,328,275
73$1,743,271$0$0$1,382,242
74$1,814,795$0$0$1,439,146
75$1,890,267$0$0$1,499,206
76$1,969,983$0$0$1,562,659
77$2,054,268$0$0$1,629,766
78$2,143,476$0$0$1,700,812
79$2,237,992$0$0$1,776,105
80$2,338,240$0$0$1,855,986
81$2,444,680$0$0$1,940,824
82$2,557,816$0$0$2,031,024
83$2,678,202$0$0$2,127,031
84$2,806,441$0$0$2,229,328
85$2,943,194$0$0$2,338,448
86$3,089,188$0$0$2,454,973
87$3,245,215$0$0$2,579,541
88$3,412,145$0$0$2,712,850
89$3,590,935$0$0$2,855,668
90$3,782,629$0$0$3,008,836
91$3,988,377$0$0$3,173,277
92$4,209,439$0$0$3,350,003
93$4,447,198$0$0$3,540,126
94$4,703,172$0$0$3,744,868
95$4,979,031$0$0$3,965,567
96$5,276,605$0$0$4,203,698
97$5,597,908$0$0$4,460,878
98$5,945,151$0$0$4,738,885
99$6,320,765$0$0$5,039,673
100$6,727,421$0$0$5,365,391