Can I retire at age 54 with 767,000?

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 $767,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$63,338$62,774$62,224$61,686$61,162$59,490
2 years$31,356$30,772$30,206$29,657$29,125$27,453
3 years$20,696$20,110$19,545$19,001$18,478$16,858
4 years$15,367$14,783$14,224$13,689$13,179$11,623
5 years$12,171$11,590$11,038$10,515$10,018$8,532
6 years$10,041$9,464$8,921$8,409$7,927$6,511
7 years$8,520$7,948$7,413$6,913$6,447$5,101
8 years$7,380$6,813$6,287$5,799$5,348$4,072
9 years$6,493$5,932$5,415$4,940$4,504$3,296
10 years$5,784$5,229$4,721$4,258$3,838$2,696
11 years$5,205$4,655$4,156$3,706$3,300$2,224
12 years$4,722$4,178$3,688$3,251$2,860$1,846
13 years$4,314$3,775$3,295$2,870$2,494$1,541
14 years$3,965$3,432$2,961$2,547$2,186$1,292
15 years$3,663$3,135$2,673$2,272$1,925$1,087
16 years$3,398$2,876$2,424$2,034$1,701$917
17 years$3,165$2,649$2,206$1,828$1,508$776
18 years$2,958$2,448$2,013$1,647$1,341$657
19 years$2,773$2,269$1,843$1,488$1,196$558
20 years$2,607$2,108$1,692$1,348$1,068$474
21 years$2,457$1,964$1,556$1,223$956$404
22 years$2,320$1,833$1,434$1,112$857$344
23 years$2,196$1,714$1,324$1,013$769$293
24 years$2,082$1,606$1,224$924$691$250
25 years$1,977$1,507$1,134$844$622$214
26 years$1,881$1,417$1,052$772$560$182
27 years$1,792$1,333$977$706$505$156
28 years$1,709$1,256$908$647$456$133
29 years$1,633$1,185$845$593$412$114
30 years$1,561$1,119$787$545$372$98
31 years$1,495$1,058$734$500$336$83
32 years$1,432$1,001$685$460$304$71
33 years$1,374$948$639$423$275$61
34 years$1,319$899$597$389$249$52
35 years$1,267$852$558$358$226$45
36 years$1,218$809$522$330$204$38
37 years$1,172$768$489$304$185$33
38 years$1,129$730$458$280$168$28
39 years$1,088$694$429$258$152$24
40 years$1,049$661$402$238$138$21
41 years$1,012$629$377$220$125$18
42 years$977$599$354$203$114$15
43 years$943$571$332$187$103$13
44 years$911$544$311$173$94$11
45 years$881$519$292$160$85$10
46 years$852$495$275$147$77$8
47 years$825$472$258$136$70$7
48 years$798$451$243$126$64$6
49 years$773$430$228$116$58$5
50 years$749$411$214$108$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $767,000, adding $2,052 every year, while hoping to spend $50,240 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: 29/42/29 Blend
53$767,000$767,000$767,000$767,000
54$847,351$806,700$794,811$864,302
55$880,325$792,773$767,982$863,991
56$914,980$776,480$738,571$859,173
57$951,432$757,652$706,437$853,000
58$989,811$736,110$671,436$845,391
59$1,030,256$711,664$633,414$836,261
60$1,072,921$684,114$592,211$825,523
61$1,117,971$653,247$547,663$813,087
62$1,165,588$618,841$499,593$798,860
63$1,215,970$580,656$447,822$782,746
64$1,269,333$538,442$392,158$764,647
65$1,325,913$491,933$332,403$744,462
66$1,385,968$440,850$268,350$722,088
67$1,449,780$384,895$199,783$697,419
68$1,517,658$323,755$126,476$670,350
69$1,589,939$257,099$48,194$640,771
70$1,666,994$184,578$0$608,573
71$1,749,227$105,822$0$584,583
72$1,837,082$20,442$0$574,380
73$1,931,046$0$0$563,007
74$2,031,651$0$0$583,709
75$2,139,482$0$0$616,104
76$2,255,182$0$0$650,949
77$2,379,453$0$0$688,466
78$2,513,068$0$0$728,900
79$2,656,876$0$0$772,520
80$2,811,808$0$0$819,621
81$2,978,886$0$0$870,528
82$3,159,235$0$0$925,598
83$3,354,090$0$0$985,223
84$3,564,807$0$0$1,049,834
85$3,792,878$0$0$1,119,904
86$4,039,942$0$0$1,195,956
87$4,307,804$0$0$1,278,563
88$4,598,444$0$0$1,368,355
89$4,914,045$0$0$1,466,026
90$5,257,003$0$0$1,572,340
91$5,629,957$0$0$1,688,136
92$6,035,809$0$0$1,814,339
93$6,477,754$0$0$1,951,967
94$6,959,306$0$0$2,102,138
95$7,484,331$0$0$2,266,085
96$8,057,087$0$0$2,445,165
97$8,682,259$0$0$2,640,871
98$9,365,005$0$0$2,854,848
99$10,111,000$0$0$3,088,906
100$10,926,496$0$0$3,345,037