Can I retire at age 54 with 755,000?

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 $755,000?

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$62,347$61,792$61,250$60,721$60,205$59,428
2 years$30,865$30,290$29,733$29,193$28,669$27,887
3 years$20,372$19,795$19,239$18,704$18,189$17,427
4 years$15,127$14,551$14,001$13,475$12,972$12,236
5 years$11,981$11,408$10,866$10,350$9,861$9,152
6 years$9,884$9,316$8,781$8,277$7,803$7,122
7 years$8,386$7,823$7,297$6,805$6,346$5,694
8 years$7,264$6,706$6,188$5,709$5,265$4,641
9 years$6,392$5,839$5,330$4,863$4,434$3,839
10 years$5,694$5,147$4,647$4,192$3,778$3,211
11 years$5,124$4,582$4,091$3,648$3,249$2,709
12 years$4,649$4,112$3,631$3,200$2,815$2,303
13 years$4,247$3,716$3,244$2,825$2,455$1,969
14 years$3,903$3,378$2,915$2,508$2,152$1,691
15 years$3,605$3,086$2,631$2,236$1,895$1,458
16 years$3,345$2,831$2,386$2,002$1,675$1,262
17 years$3,115$2,608$2,171$1,799$1,485$1,095
18 years$2,912$2,409$1,982$1,621$1,320$953
19 years$2,730$2,233$1,814$1,465$1,177$831
20 years$2,566$2,075$1,665$1,327$1,051$726
21 years$2,418$1,933$1,532$1,204$941$635
22 years$2,284$1,804$1,412$1,095$843$556
23 years$2,161$1,687$1,303$997$757$488
24 years$2,049$1,581$1,205$909$680$428
25 years$1,947$1,484$1,116$831$612$376
26 years$1,852$1,394$1,035$759$551$331
27 years$1,764$1,312$961$695$497$291
28 years$1,683$1,237$894$637$449$256
29 years$1,607$1,167$832$584$405$226
30 years$1,537$1,102$775$536$366$199
31 years$1,471$1,042$722$492$331$175
32 years$1,410$985$674$452$299$155
33 years$1,352$933$629$416$271$136
34 years$1,298$885$588$383$245$120
35 years$1,247$839$550$352$222$106
36 years$1,199$796$514$325$201$94
37 years$1,154$756$481$299$182$83
38 years$1,111$719$451$276$165$73
39 years$1,071$683$422$254$150$65
40 years$1,032$650$396$234$136$57
41 years$996$619$371$216$123$50
42 years$961$590$348$200$112$44
43 years$928$562$327$184$102$39
44 years$897$535$307$170$92$35
45 years$867$511$288$157$84$31
46 years$839$487$270$145$76$27
47 years$812$465$254$134$69$24
48 years$786$444$239$124$63$21
49 years$761$424$224$114$57$19
50 years$737$405$211$106$52$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $755,000, adding $4,419 every year, while hoping to spend $51,508 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: 67/25/8 Blend
53$755,000$755,000$755,000$755,000
54$836,568$796,553$784,851$891,080
55$867,094$780,780$756,339$912,067
56$899,007$762,508$725,146$928,403
57$932,395$741,560$691,127$944,896
58$967,351$717,748$654,132$961,556
59$1,003,978$690,875$614,003$978,391
60$1,042,387$660,731$570,575$995,417
61$1,082,698$627,094$523,676$1,012,649
62$1,125,041$589,729$473,127$1,030,107
63$1,169,558$548,389$418,740$1,047,816
64$1,216,403$502,810$360,318$1,065,805
65$1,265,744$452,716$297,657$1,084,108
66$1,317,764$397,814$230,543$1,102,765
67$1,372,662$337,792$158,752$1,121,824
68$1,430,655$272,326$82,051$1,141,341
69$1,491,979$201,067$197$1,161,379
70$1,556,894$123,652$0$1,182,013
71$1,625,681$39,695$0$1,210,768
72$1,698,648$0$0$1,240,805
73$1,776,134$0$0$1,286,330
74$1,858,506$0$0$1,346,359
75$1,946,168$0$0$1,410,269
76$2,039,562$0$0$1,478,386
77$2,139,170$0$0$1,551,064
78$2,245,524$0$0$1,628,695
79$2,359,202$0$0$1,711,707
80$2,480,841$0$0$1,800,567
81$2,611,140$0$0$1,895,791
82$2,750,862$0$0$1,997,941
83$2,900,847$0$0$2,107,638
84$3,062,017$0$0$2,225,560
85$3,235,382$0$0$2,352,452
86$3,422,054$0$0$2,489,134
87$3,623,251$0$0$2,636,504
88$3,840,313$0$0$2,795,551
89$4,074,711$0$0$2,967,359
90$4,328,062$0$0$3,153,122
91$4,602,144$0$0$3,354,150
92$4,898,909$0$0$3,571,884
93$5,220,506$0$0$3,807,909
94$5,569,296$0$0$4,063,967
95$5,947,876$0$0$4,341,973
96$6,359,102$0$0$4,644,036
97$6,806,116$0$0$4,972,474
98$7,292,375$0$0$5,329,836
99$7,821,682$0$0$5,718,930
100$8,398,220$0$0$6,142,844