Can I retire at age 54 with 766,000?

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 $766,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$63,256$62,692$62,142$61,606$61,082$58,798
2 years$31,315$30,731$30,166$29,618$29,087$26,812
3 years$20,669$20,083$19,520$18,977$18,454$16,259
4 years$15,347$14,763$14,205$13,672$13,161$11,064
5 years$12,155$11,575$11,024$10,501$10,005$8,011
6 years$10,028$9,452$8,909$8,398$7,917$6,027
7 years$8,509$7,937$7,403$6,904$6,438$4,652
8 years$7,370$6,804$6,279$5,792$5,341$3,657
9 years$6,485$5,924$5,408$4,933$4,498$2,913
10 years$5,777$5,222$4,715$4,253$3,833$2,345
11 years$5,198$4,649$4,151$3,701$3,296$1,902
12 years$4,716$4,172$3,684$3,246$2,856$1,552
13 years$4,309$3,771$3,291$2,866$2,491$1,273
14 years$3,960$3,427$2,957$2,544$2,183$1,048
15 years$3,658$3,131$2,670$2,269$1,922$865
16 years$3,394$2,873$2,421$2,032$1,699$717
17 years$3,161$2,646$2,203$1,825$1,507$595
18 years$2,954$2,445$2,011$1,645$1,340$494
19 years$2,769$2,266$1,841$1,486$1,194$411
20 years$2,603$2,105$1,689$1,346$1,066$343
21 years$2,453$1,961$1,554$1,222$954$286
22 years$2,317$1,831$1,432$1,111$855$239
23 years$2,193$1,712$1,322$1,012$768$199
24 years$2,079$1,604$1,223$923$690$167
25 years$1,975$1,505$1,133$843$621$139
26 years$1,879$1,415$1,050$771$559$117
27 years$1,790$1,331$975$705$504$98
28 years$1,707$1,255$907$646$455$82
29 years$1,631$1,184$844$593$411$68
30 years$1,559$1,118$786$544$371$57
31 years$1,493$1,057$733$499$336$48
32 years$1,430$1,000$684$459$304$40
33 years$1,372$947$638$422$275$34
34 years$1,317$897$596$388$249$28
35 years$1,265$851$558$358$225$24
36 years$1,217$808$522$329$204$20
37 years$1,171$767$488$303$185$17
38 years$1,127$729$457$280$168$14
39 years$1,086$693$428$258$152$12
40 years$1,047$660$402$238$138$10
41 years$1,010$628$377$219$125$8
42 years$975$598$353$202$114$7
43 years$942$570$331$187$103$6
44 years$910$543$311$173$94$5
45 years$880$518$292$159$85$4
46 years$851$494$274$147$77$3
47 years$823$472$258$136$70$3
48 years$797$450$242$126$64$2
49 years$772$430$228$116$58$2
50 years$748$411$214$107$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $766,000, adding $2,665 every year, while hoping to spend $42,665 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: 34/40/26 Blend
53$766,000$766,000$766,000$766,000
54$846,881$806,283$794,410$868,918
55$887,868$800,396$775,627$879,791
56$931,605$792,790$754,786$887,476
57$978,328$783,336$731,771$894,925
58$1,028,296$771,898$706,464$902,143
59$1,081,791$758,330$678,739$909,142
60$1,139,124$742,479$648,467$915,940
61$1,200,635$724,180$615,511$922,558
62$1,266,698$703,263$579,729$929,027
63$1,337,723$679,544$540,971$935,384
64$1,414,159$652,831$499,082$941,673
65$1,496,502$622,918$453,900$947,952
66$1,585,293$589,589$405,254$954,287
67$1,681,130$552,616$352,967$960,758
68$1,784,668$511,757$296,854$967,459
69$1,896,626$466,755$236,720$974,502
70$2,017,797$417,341$172,366$982,014
71$2,149,050$363,229$103,578$990,146
72$2,291,343$304,116$30,137$999,070
73$2,445,726$239,684$0$1,008,985
74$2,613,358$169,596$0$1,033,501
75$2,795,510$93,496$0$1,069,288
76$2,993,583$11,008$0$1,108,343
77$3,209,117$0$0$1,151,076
78$3,443,806$0$0$1,232,395
79$3,699,515$0$0$1,326,379
80$3,978,297$0$0$1,428,951
81$4,282,409$0$0$1,540,954
82$4,614,338$0$0$1,663,318
83$4,976,820$0$0$1,797,067
84$5,372,867$0$0$1,943,328
85$5,805,796$0$0$2,103,339
86$6,279,259$0$0$2,278,469
87$6,797,274$0$0$2,470,220
88$7,364,270$0$0$2,680,250
89$7,985,119$0$0$2,910,382
90$8,665,191$0$0$3,162,624
91$9,410,396$0$0$3,439,190
92$10,227,244$0$0$3,742,516
93$11,122,907$0$0$4,075,286
94$12,105,280$0$0$4,440,455
95$13,183,062$0$0$4,841,281
96$14,365,833$0$0$5,281,351
97$15,664,148$0$0$5,764,614
98$17,089,629$0$0$6,295,424
99$18,655,084$0$0$6,878,576
100$20,374,619$0$0$7,519,351