Can I retire at age 54 with 754,000?

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 $754,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$62,265$61,710$61,169$60,641$60,125$58,482
2 years$30,824$30,250$29,694$29,154$28,631$26,987
3 years$20,345$19,769$19,214$18,679$18,165$16,572
4 years$15,107$14,532$13,983$13,457$12,955$11,426
5 years$11,965$11,393$10,851$10,337$9,848$8,387
6 years$9,871$9,304$8,769$8,266$7,793$6,400
7 years$8,375$7,813$7,287$6,796$6,338$5,014
8 years$7,254$6,697$6,180$5,701$5,258$4,003
9 years$6,383$5,831$5,323$4,856$4,428$3,240
10 years$5,686$5,140$4,641$4,186$3,773$2,650
11 years$5,117$4,576$4,086$3,643$3,245$2,186
12 years$4,642$4,107$3,626$3,195$2,812$1,815
13 years$4,241$3,711$3,240$2,821$2,452$1,515
14 years$3,898$3,374$2,911$2,504$2,149$1,270
15 years$3,600$3,082$2,628$2,233$1,892$1,068
16 years$3,341$2,828$2,383$2,000$1,672$901
17 years$3,111$2,604$2,168$1,797$1,483$762
18 years$2,908$2,406$1,979$1,619$1,319$646
19 years$2,726$2,230$1,812$1,463$1,175$548
20 years$2,563$2,072$1,663$1,325$1,050$466
21 years$2,415$1,930$1,530$1,203$939$397
22 years$2,281$1,802$1,410$1,093$842$338
23 years$2,159$1,685$1,302$996$756$288
24 years$2,047$1,579$1,204$908$679$246
25 years$1,944$1,482$1,115$829$611$210
26 years$1,849$1,393$1,034$758$551$179
27 years$1,762$1,311$960$694$496$153
28 years$1,681$1,235$893$636$448$131
29 years$1,605$1,165$831$583$405$112
30 years$1,535$1,100$774$535$366$96
31 years$1,469$1,040$721$492$330$82
32 years$1,408$984$673$452$299$70
33 years$1,350$932$628$415$271$60
34 years$1,296$883$587$382$245$51
35 years$1,245$838$549$352$222$44
36 years$1,198$795$514$324$201$38
37 years$1,152$755$481$299$182$32
38 years$1,110$718$450$275$165$28
39 years$1,069$683$422$254$150$24
40 years$1,031$649$395$234$136$20
41 years$994$618$371$216$123$17
42 years$960$589$348$199$112$15
43 years$927$561$326$184$101$13
44 years$896$535$306$170$92$11
45 years$866$510$288$157$84$9
46 years$838$486$270$145$76$8
47 years$811$464$254$134$69$7
48 years$785$443$238$124$63$6
49 years$760$423$224$114$57$5
50 years$736$404$211$106$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $754,000, adding $4,387 every year, while hoping to spend $42,812 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: 51/44/5 Blend
53$754,000$754,000$754,000$754,000
54$835,433$795,471$783,784$876,849
55$875,096$788,898$764,489$898,878
56$917,369$780,567$743,113$917,795
57$962,474$770,348$719,541$937,321
58$1,010,653$758,102$693,652$957,524
59$1,062,172$743,681$665,322$978,476
60$1,117,321$726,929$634,417$1,000,264
61$1,176,419$707,680$600,802$1,022,984
62$1,239,818$685,760$564,333$1,046,743
63$1,307,900$660,983$524,859$1,071,665
64$1,381,088$633,154$482,223$1,097,888
65$1,459,844$602,063$436,263$1,125,568
66$1,544,676$567,493$386,806$1,154,881
67$1,636,143$529,210$333,674$1,186,024
68$1,734,858$486,970$276,681$1,219,218
69$1,841,495$440,512$215,630$1,254,714
70$1,956,793$389,563$150,320$1,292,790
71$2,081,567$333,832$80,537$1,333,758
72$2,216,711$273,015$6,059$1,377,969
73$2,363,209$206,785$0$1,425,815
74$2,522,142$134,803$0$1,481,650
75$2,694,699$56,708$0$1,542,646
76$2,882,189$0$0$1,609,039
77$3,086,051$0$0$1,694,951
78$3,307,868$0$0$1,818,374
79$3,549,383$0$0$1,952,827
80$3,812,511$0$0$2,099,387
81$4,099,363$0$0$2,259,239
82$4,412,260$0$0$2,433,686
83$4,753,757$0$0$2,624,162
84$5,126,667$0$0$2,832,248
85$5,534,088$0$0$3,059,681
86$5,979,427$0$0$3,308,377
87$6,466,438$0$0$3,580,443
88$6,999,252$0$0$3,878,201
89$7,582,421$0$0$4,204,204
90$8,220,954$0$0$4,561,269
91$8,920,370$0$0$4,952,493
92$9,686,743$0$0$5,381,291
93$10,526,766$0$0$5,851,421
94$11,447,808$0$0$6,367,023
95$12,457,987$0$0$6,932,657
96$13,566,243$0$0$7,553,346
97$14,782,424$0$0$8,234,623
98$16,117,377$0$0$8,982,581
99$17,583,050$0$0$9,803,934
100$19,192,605$0$0$10,706,076