Can I retire at age 54 with 768,000?

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 $768,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$63,421$62,856$62,305$61,767$61,241$59,980
2 years$31,396$30,812$30,245$29,696$29,163$27,898
3 years$20,723$20,136$19,571$19,026$18,502$17,273
4 years$15,387$14,802$14,242$13,707$13,196$12,012
5 years$12,187$11,605$11,053$10,529$10,031$8,896
6 years$10,054$9,476$8,932$8,420$7,937$6,852
7 years$8,531$7,958$7,423$6,922$6,455$5,420
8 years$7,389$6,822$6,295$5,807$5,355$4,370
9 years$6,502$5,939$5,422$4,946$4,510$3,573
10 years$5,792$5,235$4,727$4,264$3,843$2,954
11 years$5,212$4,661$4,162$3,711$3,305$2,463
12 years$4,729$4,183$3,693$3,255$2,864$2,068
13 years$4,320$3,780$3,300$2,873$2,497$1,746
14 years$3,970$3,436$2,965$2,551$2,189$1,481
15 years$3,667$3,139$2,677$2,275$1,927$1,261
16 years$3,403$2,880$2,427$2,037$1,704$1,077
17 years$3,169$2,652$2,208$1,830$1,510$922
18 years$2,962$2,451$2,016$1,649$1,343$791
19 years$2,777$2,272$1,846$1,490$1,197$680
20 years$2,610$2,111$1,694$1,350$1,069$585
21 years$2,460$1,966$1,558$1,225$957$505
22 years$2,323$1,835$1,436$1,114$858$436
23 years$2,199$1,717$1,326$1,014$770$377
24 years$2,085$1,608$1,226$925$692$326
25 years$1,980$1,509$1,136$845$623$282
26 years$1,884$1,418$1,053$773$561$244
27 years$1,794$1,335$978$707$506$212
28 years$1,712$1,258$909$648$456$183
29 years$1,635$1,187$846$594$412$159
30 years$1,563$1,121$788$545$372$138
31 years$1,496$1,059$735$501$337$120
32 years$1,434$1,002$685$460$304$104
33 years$1,375$949$640$423$276$90
34 years$1,320$900$598$389$249$78
35 years$1,269$853$559$358$226$68
36 years$1,220$810$523$330$205$59
37 years$1,174$769$490$304$186$51
38 years$1,130$731$458$280$168$45
39 years$1,089$695$430$259$153$39
40 years$1,050$661$403$238$138$34
41 years$1,013$630$377$220$126$29
42 years$978$600$354$203$114$25
43 years$944$571$332$187$103$22
44 years$912$545$312$173$94$19
45 years$882$519$293$160$85$17
46 years$853$495$275$148$77$15
47 years$826$473$258$136$70$13
48 years$799$451$243$126$64$11
49 years$774$431$228$116$58$10
50 years$750$412$215$108$53$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $768,000, adding $5,950 every year, while hoping to spend $43,717 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: 52/38/10 Blend
53$768,000$768,000$768,000$768,000
54$852,473$811,769$799,865$894,295
55$892,911$805,032$780,146$916,693
56$936,008$796,498$758,302$935,840
57$981,990$786,036$734,213$955,642
58$1,031,103$773,501$707,760$976,173
59$1,083,617$758,745$678,811$997,512
60$1,139,829$741,606$647,235$1,019,753
61$1,200,064$721,917$612,889$1,043,000
62$1,264,678$699,498$575,628$1,067,371
63$1,334,062$674,161$535,298$1,092,999
64$1,408,645$645,703$491,740$1,120,034
65$1,488,899$613,915$444,785$1,148,644
66$1,575,340$578,571$394,259$1,179,017
67$1,668,538$539,434$339,980$1,211,367
68$1,769,116$496,253$281,757$1,245,932
69$1,877,761$448,764$219,390$1,282,978
70$1,995,225$396,686$152,672$1,322,805
71$2,122,337$339,723$81,386$1,365,747
72$2,260,009$277,562$5,305$1,412,177
73$2,409,240$209,873$0$1,462,513
74$2,571,132$136,307$0$1,525,320
75$2,746,896$56,494$0$1,594,150
76$2,937,863$0$0$1,669,045
77$3,145,499$0$0$1,763,205
78$3,371,415$0$0$1,891,426
79$3,617,384$0$0$2,031,100
80$3,885,358$0$0$2,183,343
81$4,177,483$0$0$2,349,384
82$4,496,123$0$0$2,530,576
83$4,843,880$0$0$2,728,410
84$5,223,616$0$0$2,944,523
85$5,638,484$0$0$3,180,721
86$6,091,953$0$0$3,438,990
87$6,587,844$0$0$3,721,519
88$7,130,362$0$0$4,030,716
89$7,724,140$0$0$4,369,234
90$8,374,278$0$0$4,739,993
91$9,086,391$0$0$5,146,210
92$9,866,665$0$0$5,591,428
93$10,721,911$0$0$6,079,547
94$11,659,630$0$0$6,614,865
95$12,688,086$0$0$7,202,114
96$13,816,378$0$0$7,846,508
97$15,054,530$0$0$8,553,787
98$16,413,584$0$0$9,330,278
99$17,905,701$0$0$10,182,947
100$19,544,278$0$0$11,119,469