Can I retire at age 54 with 757,000?

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 $757,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$62,512$61,956$61,412$60,882$60,364$58,269
2 years$30,947$30,370$29,812$29,270$28,745$26,655
3 years$20,426$19,847$19,290$18,754$18,237$16,219
4 years$15,167$14,590$14,038$13,511$13,007$11,076
5 years$12,012$11,439$10,894$10,378$9,888$8,049
6 years$9,910$9,341$8,804$8,299$7,824$6,079
7 years$8,409$7,844$7,316$6,823$6,363$4,711
8 years$7,283$6,724$6,205$5,724$5,278$3,719
9 years$6,408$5,854$5,344$4,875$4,445$2,975
10 years$5,709$5,160$4,659$4,203$3,788$2,405
11 years$5,137$4,594$4,102$3,658$3,257$1,960
12 years$4,661$4,123$3,640$3,208$2,823$1,607
13 years$4,258$3,726$3,252$2,832$2,462$1,324
14 years$3,913$3,387$2,922$2,514$2,158$1,095
15 years$3,615$3,094$2,638$2,242$1,900$909
16 years$3,354$2,839$2,392$2,008$1,679$757
17 years$3,124$2,614$2,177$1,804$1,489$631
18 years$2,919$2,416$1,987$1,626$1,324$527
19 years$2,737$2,239$1,819$1,469$1,180$441
20 years$2,573$2,081$1,669$1,330$1,054$370
21 years$2,425$1,938$1,536$1,207$943$310
22 years$2,290$1,809$1,415$1,098$845$260
23 years$2,167$1,692$1,307$1,000$759$219
24 years$2,055$1,585$1,209$912$682$184
25 years$1,952$1,488$1,119$833$614$155
26 years$1,857$1,398$1,038$761$553$130
27 years$1,769$1,316$964$697$498$109
28 years$1,687$1,240$896$639$450$92
29 years$1,611$1,170$834$586$406$78
30 years$1,541$1,105$777$537$367$65
31 years$1,475$1,044$724$494$332$55
32 years$1,413$988$676$454$300$46
33 years$1,356$936$631$417$272$39
34 years$1,301$887$589$384$246$33
35 years$1,250$841$551$353$223$28
36 years$1,202$798$516$325$202$23
37 years$1,157$758$483$300$183$20
38 years$1,114$721$452$276$166$17
39 years$1,073$685$423$255$150$14
40 years$1,035$652$397$235$136$12
41 years$998$621$372$217$124$10
42 years$964$591$349$200$112$8
43 years$931$563$328$185$102$7
44 years$899$537$307$171$92$6
45 years$870$512$289$158$84$5
46 years$841$488$271$146$76$4
47 years$814$466$255$134$69$4
48 years$788$445$239$124$63$3
49 years$763$425$225$115$57$3
50 years$739$406$212$106$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $757,000, adding $3,522 every year, while hoping to spend $51,532 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: 43/38/19 Blend
53$757,000$757,000$757,000$757,000
54$837,847$797,726$785,992$869,103
55$868,478$781,985$757,494$875,772
56$900,506$763,745$726,313$877,674
57$934,019$742,831$692,306$878,662
58$969,113$719,053$655,322$878,678
59$1,005,891$692,215$615,204$877,660
60$1,044,465$662,107$571,787$875,546
61$1,084,957$628,507$524,898$872,271
62$1,127,498$591,180$474,358$867,770
63$1,172,233$549,877$419,979$861,974
64$1,219,318$504,338$361,565$854,814
65$1,268,921$454,284$298,911$846,221
66$1,321,230$399,422$231,802$836,123
67$1,376,444$339,443$160,017$824,449
68$1,434,784$274,018$83,320$811,126
69$1,496,490$202,804$1,470$796,084
70$1,561,824$125,433$0$779,251
71$1,631,072$41,521$0$777,967
72$1,704,547$0$0$776,203
73$1,782,589$0$0$794,282
74$1,865,574$0$0$832,017
75$1,953,909$0$0$872,238
76$2,048,044$0$0$915,155
77$2,148,467$0$0$960,998
78$2,255,716$0$0$1,010,022
79$2,370,380$0$0$1,062,502
80$2,493,104$0$0$1,118,743
81$2,624,596$0$0$1,179,079
82$2,765,632$0$0$1,243,874
83$2,917,063$0$0$1,313,532
84$3,079,824$0$0$1,388,493
85$3,254,941$0$0$1,469,240
86$3,443,541$0$0$1,556,306
87$3,646,861$0$0$1,650,274
88$3,866,260$0$0$1,751,787
89$4,103,231$0$0$1,861,549
90$4,359,416$0$0$1,980,337
91$4,636,617$0$0$2,109,001
92$4,936,819$0$0$2,248,479
93$5,262,199$0$0$2,399,801
94$5,615,156$0$0$2,564,100
95$5,998,326$0$0$2,742,623
96$6,414,607$0$0$2,936,740
97$6,867,188$0$0$3,147,959
98$7,359,580$0$0$3,377,941
99$7,895,641$0$0$3,628,511
100$8,479,620$0$0$3,901,678