Can I retire at age 54 with 771,000?

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 $771,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$63,668$63,101$62,548$62,008$61,481$60,338
2 years$31,519$30,932$30,363$29,812$29,276$28,130
3 years$20,804$20,214$19,647$19,101$18,574$17,459
4 years$15,447$14,860$14,298$13,761$13,247$12,172
5 years$12,234$11,650$11,096$10,570$10,070$9,038
6 years$10,093$9,513$8,967$8,453$7,968$6,980
7 years$8,564$7,989$7,452$6,949$6,480$5,537
8 years$7,418$6,848$6,320$5,830$5,376$4,477
9 years$6,527$5,963$5,443$4,966$4,527$3,672
10 years$5,815$5,256$4,745$4,280$3,858$3,045
11 years$5,232$4,679$4,178$3,725$3,318$2,547
12 years$4,747$4,200$3,708$3,268$2,875$2,146
13 years$4,337$3,795$3,313$2,885$2,507$1,817
14 years$3,986$3,450$2,976$2,561$2,198$1,547
15 years$3,682$3,151$2,687$2,284$1,935$1,321
16 years$3,416$2,891$2,436$2,045$1,710$1,132
17 years$3,182$2,663$2,217$1,837$1,516$973
18 years$2,973$2,461$2,024$1,656$1,348$838
19 years$2,788$2,280$1,853$1,496$1,202$723
20 years$2,620$2,119$1,700$1,355$1,073$625
21 years$2,469$1,974$1,564$1,230$961$541
22 years$2,332$1,842$1,441$1,118$861$469
23 years$2,207$1,723$1,331$1,018$773$407
24 years$2,093$1,615$1,231$929$695$353
25 years$1,988$1,515$1,140$848$625$307
26 years$1,891$1,424$1,057$776$563$267
27 years$1,801$1,340$982$710$508$232
28 years$1,718$1,263$913$650$458$202
29 years$1,641$1,191$849$596$414$176
30 years$1,569$1,125$791$547$374$153
31 years$1,502$1,064$738$503$338$134
32 years$1,440$1,006$688$462$306$116
33 years$1,381$953$643$425$277$101
34 years$1,325$903$600$391$250$89
35 years$1,274$857$561$360$227$77
36 years$1,225$813$525$331$206$67
37 years$1,178$772$491$305$186$59
38 years$1,135$734$460$281$169$51
39 years$1,093$698$431$260$153$45
40 years$1,054$664$404$239$139$39
41 years$1,017$632$379$221$126$34
42 years$982$602$355$204$114$30
43 years$948$574$334$188$104$26
44 years$916$547$313$174$94$23
45 years$886$521$294$160$86$20
46 years$857$497$276$148$78$17
47 years$829$475$259$137$71$15
48 years$802$453$244$127$64$13
49 years$777$433$229$117$58$12
50 years$753$413$215$108$53$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $771,000, adding $2,314 every year, while hoping to spend $24,991 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: 72/5/23 Blend
53$771,000$771,000$771,000$771,000
54$852,029$811,166$799,215$908,357
55$912,346$824,323$799,399$959,371
56$977,977$837,287$798,751$1,012,042
57$1,049,439$850,022$797,217$1,069,118
58$1,127,299$862,490$794,741$1,131,035
59$1,212,181$874,650$791,263$1,198,272
60$1,304,773$886,457$786,719$1,271,356
61$1,405,831$897,865$781,046$1,350,872
62$1,516,188$908,823$774,174$1,437,459
63$1,636,762$919,277$766,030$1,531,826
64$1,768,560$929,170$756,541$1,634,753
65$1,912,694$938,441$745,626$1,747,099
66$2,070,387$947,023$733,203$1,869,812
67$2,242,988$954,848$719,186$2,003,937
68$2,431,978$961,841$703,485$2,150,626
69$2,638,992$967,924$686,004$2,311,147
70$2,865,828$973,011$666,644$2,486,901
71$3,114,468$977,014$645,302$2,679,430
72$3,387,093$979,837$621,869$2,890,435
73$3,686,107$981,379$596,232$3,121,790
74$4,014,157$981,534$568,272$3,375,562
75$4,374,158$980,186$537,866$3,654,029
76$4,769,321$977,214$504,884$3,959,702
77$5,203,185$972,490$469,190$4,295,349
78$5,679,645$965,878$430,644$4,664,020
79$6,202,995$957,232$389,097$5,069,081
80$6,777,964$946,400$344,395$5,514,237
81$7,409,761$933,218$296,377$6,003,577
82$8,104,125$917,514$244,874$6,541,604
83$8,867,379$899,106$189,710$7,133,284
84$9,706,489$877,799$130,703$7,784,090
85$10,629,129$853,390$67,660$8,500,056
86$11,643,755$825,661$381$9,287,831
87$12,759,682$794,382$0$10,154,746
88$13,987,174$759,311$0$11,126,406
89$15,337,539$720,190$0$12,195,428
90$16,823,237$676,749$0$13,371,592
91$18,457,997$628,699$0$14,665,773
92$20,256,943$575,736$0$16,089,957
93$22,236,744$517,539$0$17,657,350
94$24,415,762$453,769$0$19,382,506
95$26,814,232$384,066$0$21,281,460
96$29,454,451$308,052$0$23,371,882
97$32,360,984$225,326$0$25,673,242
98$35,560,903$135,465$0$28,206,998
99$39,084,034$38,023$0$30,996,791
100$42,963,247$0$0$34,068,675