Can I retire at age 54 with 759,000?

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 $759,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$62,678$62,119$61,575$61,043$60,524$59,061
2 years$31,028$30,451$29,891$29,348$28,821$27,356
3 years$20,480$19,900$19,341$18,803$18,285$16,863
4 years$15,207$14,628$14,075$13,547$13,041$11,674
5 years$12,044$11,469$10,923$10,405$9,914$8,605
6 years$9,936$9,365$8,827$8,321$7,844$6,595
7 years$8,431$7,865$7,336$6,841$6,380$5,190
8 years$7,303$6,742$6,221$5,739$5,292$4,163
9 years$6,425$5,870$5,358$4,888$4,457$3,386
10 years$5,724$5,174$4,672$4,214$3,798$2,784
11 years$5,151$4,606$4,113$3,667$3,266$2,308
12 years$4,673$4,134$3,650$3,217$2,830$1,926
13 years$4,269$3,736$3,261$2,840$2,468$1,617
14 years$3,924$3,396$2,930$2,521$2,163$1,363
15 years$3,624$3,102$2,645$2,248$1,905$1,153
16 years$3,363$2,846$2,398$2,013$1,684$978
17 years$3,132$2,621$2,182$1,809$1,493$832
18 years$2,927$2,422$1,992$1,630$1,327$709
19 years$2,744$2,245$1,824$1,473$1,183$606
20 years$2,580$2,086$1,674$1,334$1,057$518
21 years$2,431$1,943$1,540$1,211$946$444
22 years$2,296$1,814$1,419$1,101$848$380
23 years$2,173$1,696$1,310$1,002$761$326
24 years$2,060$1,589$1,212$914$684$280
25 years$1,957$1,492$1,122$835$615$241
26 years$1,861$1,402$1,041$763$554$207
27 years$1,773$1,319$967$699$500$178
28 years$1,692$1,243$899$640$451$153
29 years$1,616$1,173$836$587$407$132
30 years$1,545$1,108$779$539$368$114
31 years$1,479$1,047$726$495$333$98
32 years$1,417$991$677$455$301$84
33 years$1,359$938$633$418$272$73
34 years$1,305$889$591$385$247$63
35 years$1,254$843$553$354$223$54
36 years$1,205$801$517$326$202$47
37 years$1,160$760$484$301$183$40
38 years$1,117$723$453$277$166$35
39 years$1,076$687$424$255$151$30
40 years$1,038$654$398$236$137$26
41 years$1,001$622$373$217$124$22
42 years$966$593$350$201$113$19
43 years$933$565$328$185$102$17
44 years$902$538$308$171$93$14
45 years$872$513$289$158$84$12
46 years$843$490$272$146$76$11
47 years$816$467$255$135$69$9
48 years$790$446$240$125$63$8
49 years$765$426$226$115$57$7
50 years$741$407$212$106$52$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $759,000, adding $2,382 every year, while hoping to spend $47,797 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: 43/35/22 Blend
53$759,000$759,000$759,000$759,000
54$838,875$798,648$786,884$869,479
55$873,585$786,926$762,388$879,699
56$910,233$773,028$735,471$885,951
57$948,966$756,796$705,999$891,758
58$989,947$738,065$673,836$897,103
59$1,033,348$716,657$638,837$901,972
60$1,079,364$692,387$600,851$906,354
61$1,128,202$665,058$559,723$910,239
62$1,180,092$634,459$515,287$913,622
63$1,235,285$600,371$467,373$916,502
64$1,294,054$562,559$415,800$918,882
65$1,356,700$520,777$360,382$920,771
66$1,423,551$474,763$300,922$922,185
67$1,494,968$424,241$237,218$923,147
68$1,571,346$368,919$169,055$923,689
69$1,653,116$308,489$96,212$923,851
70$1,740,754$242,625$18,455$923,687
71$1,834,780$170,983$0$923,261
72$1,935,765$93,199$0$937,801
73$2,044,337$8,890$0$957,863
74$2,161,184$0$0$979,288
75$2,287,061$0$0$1,033,993
76$2,422,799$0$0$1,096,747
77$2,569,309$0$0$1,164,555
78$2,727,595$0$0$1,237,893
79$2,898,756$0$0$1,317,279
80$3,084,003$0$0$1,403,287
81$3,284,668$0$0$1,496,543
82$3,502,212$0$0$1,597,741
83$3,738,244$0$0$1,707,640
84$3,994,535$0$0$1,827,077
85$4,273,029$0$0$1,956,973
86$4,575,868$0$0$2,098,339
87$4,905,406$0$0$2,252,289
88$5,264,235$0$0$2,420,050
89$5,655,207$0$0$2,602,971
90$6,081,460$0$0$2,802,536
91$6,546,448$0$0$3,020,379
92$7,053,971$0$0$3,258,300
93$7,608,216$0$0$3,518,279
94$8,213,787$0$0$3,802,496
95$8,875,757$0$0$4,113,352
96$9,599,709$0$0$4,453,490
97$10,391,791$0$0$4,825,820
98$11,258,772$0$0$5,233,546
99$12,208,107$0$0$5,680,200
100$13,248,002$0$0$6,169,666