Can I retire at age 54 with 765,000?

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 $765,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$63,173$62,610$62,061$61,525$61,002$60,091
2 years$31,274$30,691$30,127$29,580$29,049$28,132
3 years$20,642$20,057$19,494$18,952$18,430$17,537
4 years$15,327$14,744$14,187$13,654$13,144$12,282
5 years$12,139$11,560$11,009$10,487$9,992$9,163
6 years$10,015$9,439$8,897$8,387$7,906$7,112
7 years$8,498$7,927$7,394$6,895$6,430$5,670
8 years$7,360$6,795$6,270$5,784$5,334$4,608
9 years$6,476$5,916$5,401$4,927$4,492$3,800
10 years$5,769$5,215$4,708$4,247$3,828$3,169
11 years$5,191$4,642$4,145$3,696$3,292$2,666
12 years$4,710$4,167$3,679$3,242$2,853$2,258
13 years$4,303$3,766$3,287$2,862$2,488$1,924
14 years$3,955$3,423$2,953$2,541$2,181$1,647
15 years$3,653$3,127$2,666$2,266$1,920$1,416
16 years$3,389$2,869$2,417$2,029$1,697$1,221
17 years$3,157$2,642$2,200$1,823$1,505$1,056
18 years$2,950$2,441$2,008$1,643$1,338$915
19 years$2,766$2,263$1,838$1,484$1,192$795
20 years$2,600$2,103$1,687$1,344$1,065$692
21 years$2,450$1,958$1,552$1,220$953$603
22 years$2,314$1,828$1,430$1,109$854$526
23 years$2,190$1,710$1,321$1,010$767$460
24 years$2,077$1,602$1,221$922$689$402
25 years$1,972$1,503$1,131$842$620$352
26 years$1,876$1,413$1,049$770$559$308
27 years$1,787$1,330$974$704$504$270
28 years$1,705$1,253$906$645$455$237
29 years$1,628$1,182$843$592$410$208
30 years$1,557$1,116$785$543$371$182
31 years$1,491$1,055$732$499$335$160
32 years$1,428$999$683$458$303$140
33 years$1,370$946$638$422$274$123
34 years$1,315$896$596$388$249$108
35 years$1,264$850$557$357$225$95
36 years$1,215$807$521$329$204$84
37 years$1,169$766$488$303$185$74
38 years$1,126$728$457$279$168$65
39 years$1,085$693$428$257$152$57
40 years$1,046$659$401$237$138$50
41 years$1,009$627$376$219$125$44
42 years$974$597$353$202$113$39
43 years$941$569$331$187$103$34
44 years$909$542$311$172$93$30
45 years$879$517$292$159$85$26
46 years$850$493$274$147$77$23
47 years$822$471$257$136$70$20
48 years$796$450$242$126$64$18
49 years$771$429$227$116$58$16
50 years$747$410$214$107$52$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $765,000, adding $2,363 every year, while hoping to spend $20,723 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: 66/21/13 Blend
53$765,000$765,000$765,000$765,000
54$845,467$804,922$793,065$898,594
55$909,656$822,315$797,583$951,725
56$979,697$839,864$801,559$1,007,125
57$1,056,166$857,558$804,951$1,067,154
58$1,139,696$875,379$807,718$1,132,265
59$1,230,984$893,311$809,815$1,202,955
60$1,330,797$911,336$811,196$1,279,772
61$1,439,979$929,432$811,813$1,363,318
62$1,559,462$947,579$811,613$1,454,260
63$1,690,269$965,752$810,544$1,553,329
64$1,833,528$983,926$808,549$1,661,332
65$1,990,481$1,002,072$805,569$1,779,160
66$2,162,496$1,020,160$801,541$1,907,791
67$2,351,080$1,038,157$796,403$2,048,306
68$2,557,892$1,056,028$790,084$2,201,895
69$2,784,760$1,073,736$782,514$2,369,869
70$3,033,695$1,091,239$773,618$2,553,674
71$3,306,916$1,108,494$763,318$2,754,901
72$3,606,865$1,125,454$751,533$2,975,305
73$3,936,232$1,142,067$738,176$3,216,822
74$4,297,980$1,158,282$723,158$3,481,583
75$4,695,375$1,174,038$706,384$3,771,936
76$5,132,013$1,189,275$687,757$4,090,471
77$5,611,855$1,203,927$667,174$4,440,041
78$6,139,267$1,217,922$644,528$4,823,792
79$6,719,058$1,231,186$619,705$5,245,188
80$7,356,526$1,243,638$592,589$5,708,051
81$8,057,507$1,255,191$563,056$6,216,589
82$8,828,432$1,265,756$530,978$6,775,444
83$9,676,388$1,275,233$496,221$7,389,728
84$10,609,179$1,283,519$458,644$8,065,078
85$11,635,408$1,290,505$418,102$8,807,707
86$12,764,552$1,296,071$374,440$9,624,460
87$14,007,051$1,300,094$327,499$10,522,883
88$15,374,411$1,302,440$277,111$11,511,292
89$16,879,310$1,302,968$223,103$12,598,853
90$18,535,714$1,301,528$165,292$13,795,668
91$20,359,016$1,297,961$103,488$15,112,871
92$22,366,173$1,292,098$37,492$16,562,732
93$24,575,871$1,283,760$0$18,158,774
94$27,008,702$1,272,757$0$19,920,473
95$29,687,354$1,258,886$0$21,865,532
96$32,636,826$1,241,934$0$24,006,882
97$35,884,668$1,221,674$0$26,364,510
98$39,461,234$1,197,866$0$28,960,439
99$43,399,975$1,170,256$0$31,818,944
100$47,737,749$1,138,575$0$34,966,772