Can I retire at age 54 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$61,934$61,383$60,844$60,319$59,806$57,570
2 years$30,661$30,090$29,536$29,000$28,479$26,252
3 years$20,237$19,664$19,112$18,580$18,068$15,920
4 years$15,027$14,455$13,909$13,386$12,886$10,833
5 years$11,901$11,333$10,794$10,282$9,796$7,843
6 years$9,818$9,254$8,723$8,222$7,751$5,901
7 years$8,331$7,772$7,249$6,760$6,304$4,555
8 years$7,216$6,662$6,147$5,671$5,230$3,580
9 years$6,349$5,800$5,295$4,830$4,404$2,853
10 years$5,656$5,113$4,616$4,164$3,753$2,296
11 years$5,090$4,551$4,064$3,624$3,227$1,862
12 years$4,618$4,085$3,607$3,179$2,797$1,520
13 years$4,219$3,692$3,222$2,806$2,439$1,246
14 years$3,877$3,356$2,895$2,491$2,138$1,026
15 years$3,581$3,066$2,614$2,222$1,882$847
16 years$3,323$2,813$2,370$1,989$1,664$702
17 years$3,095$2,590$2,157$1,787$1,475$582
18 years$2,892$2,394$1,969$1,611$1,312$484
19 years$2,712$2,218$1,802$1,455$1,169$403
20 years$2,549$2,061$1,654$1,318$1,044$336
21 years$2,402$1,920$1,521$1,196$934$280
22 years$2,269$1,792$1,402$1,088$838$234
23 years$2,147$1,676$1,295$991$752$195
24 years$2,036$1,571$1,197$903$676$163
25 years$1,934$1,474$1,109$825$608$136
26 years$1,839$1,385$1,029$754$548$114
27 years$1,752$1,304$955$691$494$96
28 years$1,672$1,228$888$633$446$80
29 years$1,597$1,159$826$580$402$67
30 years$1,527$1,094$770$532$364$56
31 years$1,461$1,035$717$489$329$47
32 years$1,400$979$669$449$297$39
33 years$1,343$927$625$413$269$33
34 years$1,289$879$584$380$244$28
35 years$1,239$833$546$350$221$23
36 years$1,191$791$511$322$200$19
37 years$1,146$751$478$297$181$16
38 years$1,104$714$448$274$164$14
39 years$1,063$679$419$252$149$11
40 years$1,025$646$393$233$135$10
41 years$989$615$369$215$123$8
42 years$955$586$346$198$111$7
43 years$922$558$324$183$101$6
44 years$891$532$305$169$92$5
45 years$861$507$286$156$83$4
46 years$833$484$269$144$76$3
47 years$806$462$252$133$69$3
48 years$780$441$237$123$62$2
49 years$756$421$223$114$57$2
50 years$732$402$210$105$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $750,000, adding $3,599 every year, while hoping to spend $21,910 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: 42/44/14 Blend
53$750,000$750,000$750,000$750,000
54$830,212$790,462$778,837$861,535
55$891,582$805,883$781,616$899,326
56$958,477$821,325$783,754$937,775
57$1,031,438$836,766$785,206$978,933
58$1,111,059$852,182$785,925$1,023,059
59$1,197,996$867,548$785,863$1,070,436
60$1,292,969$882,835$784,967$1,121,377
61$1,396,772$898,014$783,183$1,176,228
62$1,510,278$913,053$780,455$1,235,371
63$1,634,450$927,915$776,724$1,299,226
64$1,770,346$942,565$771,926$1,368,257
65$1,919,133$956,962$765,997$1,442,975
66$2,082,094$971,063$758,867$1,523,946
67$2,260,645$984,823$750,467$1,611,793
68$2,456,342$998,190$740,719$1,707,203
69$2,670,901$1,011,114$729,545$1,810,934
70$2,906,212$1,023,538$716,864$1,923,823
71$3,164,356$1,035,401$702,589$2,046,793
72$3,447,624$1,046,639$686,629$2,180,862
73$3,758,541$1,057,184$668,891$2,327,153
74$4,099,888$1,066,962$649,275$2,486,906
75$4,474,729$1,075,896$627,678$2,661,488
76$4,886,438$1,083,902$603,992$2,852,405
77$5,338,733$1,090,891$578,104$3,061,323
78$5,835,710$1,096,770$549,896$3,290,077
79$6,381,879$1,101,439$519,245$3,540,689
80$6,982,212$1,104,791$486,021$3,815,394
81$7,642,184$1,106,712$450,089$4,116,654
82$8,367,829$1,107,083$411,309$4,447,185
83$9,165,793$1,105,776$369,533$4,809,984
84$10,043,400$1,102,654$324,608$5,208,355
85$11,008,717$1,097,575$276,373$5,645,944
86$12,070,635$1,090,385$224,660$6,126,769
87$13,238,947$1,080,921$169,294$6,655,265
88$14,524,447$1,069,013$110,092$7,236,320
89$15,939,023$1,054,478$46,864$7,875,327
90$17,495,779$1,037,123$0$8,578,231
91$19,209,150$1,016,743$0$9,354,668
92$21,095,041$993,122$0$10,216,462
93$23,170,981$966,030$0$11,164,610
94$25,456,279$935,224$0$12,207,939
95$27,972,217$900,447$0$13,356,178
96$30,742,241$861,427$0$14,620,054
97$33,792,189$817,876$0$16,011,392
98$37,150,530$769,490$0$17,543,230
99$40,848,636$715,946$0$19,229,936
100$44,921,073$656,905$0$21,087,355