Can I retire at age 54 with 769,000?

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 $769,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$63,503$62,938$62,386$61,847$61,321$60,231
2 years$31,437$30,852$30,284$29,734$29,201$28,106
3 years$20,750$20,162$19,596$19,051$18,526$17,461
4 years$15,407$14,821$14,261$13,725$13,213$12,186
5 years$12,203$11,620$11,067$10,542$10,044$9,058
6 years$10,067$9,489$8,944$8,431$7,948$7,003
7 years$8,542$7,969$7,432$6,931$6,464$5,561
8 years$7,399$6,830$6,303$5,815$5,362$4,502
9 years$6,510$5,947$5,429$4,953$4,516$3,697
10 years$5,800$5,242$4,733$4,269$3,848$3,070
11 years$5,219$4,667$4,167$3,716$3,309$2,571
12 years$4,735$4,189$3,698$3,259$2,868$2,168
13 years$4,326$3,785$3,304$2,877$2,501$1,839
14 years$3,975$3,441$2,969$2,554$2,192$1,567
15 years$3,672$3,143$2,680$2,278$1,930$1,341
16 years$3,407$2,884$2,430$2,040$1,706$1,150
17 years$3,173$2,656$2,211$1,832$1,512$990
18 years$2,966$2,454$2,019$1,651$1,345$854
19 years$2,780$2,274$1,848$1,492$1,199$738
20 years$2,614$2,114$1,696$1,351$1,071$639
21 years$2,463$1,969$1,560$1,227$958$554
22 years$2,326$1,838$1,438$1,115$859$481
23 years$2,202$1,719$1,327$1,016$771$417
24 years$2,087$1,610$1,228$926$693$363
25 years$1,983$1,511$1,137$846$624$316
26 years$1,886$1,420$1,055$774$562$275
27 years$1,797$1,337$979$708$506$240
28 years$1,714$1,260$910$649$457$209
29 years$1,637$1,188$847$595$413$182
30 years$1,565$1,122$789$546$373$159
31 years$1,498$1,061$736$501$337$139
32 years$1,436$1,004$686$461$305$121
33 years$1,377$951$641$424$276$106
34 years$1,322$901$599$390$250$93
35 years$1,270$855$560$359$226$81
36 years$1,221$811$524$331$205$71
37 years$1,175$770$490$305$186$62
38 years$1,132$732$459$281$168$54
39 years$1,090$696$430$259$153$47
40 years$1,051$662$403$239$139$41
41 years$1,014$630$378$220$126$36
42 years$979$600$355$203$114$32
43 years$946$572$333$188$104$28
44 years$914$545$312$173$94$24
45 years$883$520$293$160$85$21
46 years$854$496$275$148$77$18
47 years$827$473$259$137$70$16
48 years$800$452$243$126$64$14
49 years$775$432$229$117$58$12
50 years$751$412$215$108$53$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $769,000, adding $2,117 every year, while hoping to spend $40,677 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: 78/10/12 Blend
53$769,000$769,000$769,000$769,000
54$849,622$808,865$796,945$913,795
55$893,003$805,219$780,363$952,667
56$939,446$800,031$761,862$989,870
57$989,220$793,183$741,334$1,029,514
58$1,042,620$784,549$718,669$1,071,826
59$1,099,971$773,996$693,748$1,117,057
60$1,161,628$761,382$666,449$1,165,483
61$1,227,983$746,558$636,643$1,217,408
62$1,299,463$729,365$604,197$1,273,167
63$1,376,540$709,636$568,969$1,333,131
64$1,459,732$687,193$530,815$1,397,708
65$1,549,608$661,848$489,580$1,467,348
66$1,646,791$633,402$445,104$1,542,548
67$1,751,970$601,645$397,221$1,623,855
68$1,865,899$566,354$345,756$1,711,874
69$1,989,408$527,293$290,526$1,807,271
70$2,123,411$484,213$231,342$1,910,782
71$2,268,911$436,852$168,004$2,023,217
72$2,427,013$384,930$100,305$2,145,470
73$2,598,931$328,155$28,029$2,278,529
74$2,786,003$266,215$0$2,423,482
75$2,989,698$198,783$0$2,587,817
76$3,211,635$125,511$0$2,770,809
77$3,453,595$46,034$0$2,970,358
78$3,717,538$0$0$3,188,108
79$4,005,620$0$0$3,430,276
80$4,320,217$0$0$3,700,288
81$4,663,943$0$0$3,995,325
82$5,039,675$0$0$4,317,860
83$5,450,582$0$0$4,670,617
84$5,900,153$0$0$5,056,594
85$6,392,228$0$0$5,479,092
86$6,931,039$0$0$5,941,747
87$7,521,243$0$0$6,448,561
88$8,167,969$0$0$7,003,945
89$8,876,868$0$0$7,612,753
90$9,654,161$0$0$8,280,333
91$10,506,701$0$0$9,012,576
92$11,442,036$0$0$9,815,968
93$12,468,481$0$0$10,697,655
94$13,595,192$0$0$11,665,510
95$14,832,259$0$0$12,728,201
96$16,190,793$0$0$13,895,280
97$17,683,034$0$0$15,177,268
98$19,322,469$0$0$16,585,757
99$21,123,953$0$0$18,133,514
100$23,103,852$0$0$19,834,606