Can I retire at age 54 with 774,000?

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 $774,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$63,916$63,347$62,791$62,249$61,720$60,697
2 years$31,642$31,052$30,481$29,928$29,390$28,363
3 years$20,885$20,293$19,723$19,175$18,646$17,647
4 years$15,508$14,918$14,354$13,814$13,299$12,334
5 years$12,282$11,696$11,139$10,611$10,110$9,183
6 years$10,132$9,550$9,002$8,486$7,999$7,111
7 years$8,597$8,020$7,481$6,976$6,506$5,657
8 years$7,447$6,875$6,344$5,852$5,397$4,587
9 years$6,552$5,986$5,464$4,985$4,545$3,773
10 years$5,837$5,276$4,764$4,297$3,873$3,139
11 years$5,253$4,697$4,194$3,740$3,331$2,634
12 years$4,766$4,216$3,722$3,280$2,886$2,226
13 years$4,354$3,810$3,325$2,896$2,517$1,892
14 years$4,001$3,463$2,988$2,571$2,206$1,615
15 years$3,696$3,164$2,698$2,293$1,943$1,384
16 years$3,429$2,903$2,446$2,053$1,717$1,191
17 years$3,194$2,673$2,226$1,844$1,522$1,027
18 years$2,985$2,470$2,032$1,662$1,354$887
19 years$2,798$2,289$1,860$1,502$1,206$769
20 years$2,631$2,127$1,707$1,360$1,078$667
21 years$2,479$1,981$1,570$1,235$964$579
22 years$2,341$1,850$1,447$1,122$864$504
23 years$2,216$1,730$1,336$1,022$776$439
24 years$2,101$1,621$1,236$932$697$383
25 years$1,995$1,521$1,144$851$628$334
26 years$1,898$1,430$1,061$779$565$291
27 years$1,808$1,345$986$713$510$254
28 years$1,725$1,268$916$653$460$222
29 years$1,648$1,196$853$599$415$194
30 years$1,576$1,129$794$550$375$170
31 years$1,508$1,068$740$505$339$149
32 years$1,445$1,010$691$464$307$130
33 years$1,386$957$645$427$278$114
34 years$1,331$907$603$392$251$100
35 years$1,278$860$563$361$228$88
36 years$1,229$816$527$333$206$77
37 years$1,183$775$493$307$187$67
38 years$1,139$737$462$283$170$59
39 years$1,098$701$433$261$154$52
40 years$1,058$667$406$240$139$45
41 years$1,021$635$380$222$127$40
42 years$985$604$357$205$115$35
43 years$952$576$335$189$104$30
44 years$920$549$314$174$95$27
45 years$889$523$295$161$86$23
46 years$860$499$277$149$78$21
47 years$832$476$260$137$71$18
48 years$805$455$245$127$64$16
49 years$780$434$230$117$58$14
50 years$756$415$216$108$53$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $774,000, adding $4,374 every year, while hoping to spend $34,471 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: 63/19/18 Blend
53$774,000$774,000$774,000$774,000
54$857,460$816,438$804,441$907,315
55$908,244$819,766$794,713$944,705
56$963,052$822,103$783,503$981,229
57$1,022,260$823,362$770,727$1,020,303
58$1,086,277$823,453$756,293$1,062,179
59$1,155,556$822,281$740,108$1,107,133
60$1,230,594$819,744$722,072$1,155,472
61$1,311,937$815,733$702,083$1,207,534
62$1,400,184$810,135$680,033$1,263,694
63$1,495,998$802,826$655,809$1,324,365
64$1,600,104$793,679$629,293$1,390,003
65$1,713,301$782,556$600,361$1,461,114
66$1,836,469$769,312$568,885$1,538,255
67$1,970,575$753,795$534,729$1,622,042
68$2,116,684$735,841$497,752$1,713,156
69$2,275,967$715,278$457,808$1,812,348
70$2,449,713$691,924$414,742$1,920,449
71$2,639,342$665,587$368,394$2,038,375
72$2,846,415$636,061$318,595$2,167,140
73$3,072,652$603,131$265,171$2,307,861
74$3,319,947$566,568$207,938$2,461,774
75$3,590,382$526,131$146,705$2,630,242
76$3,886,254$481,564$81,273$2,814,770
77$4,210,089$432,598$11,432$3,017,020
78$4,564,669$378,946$0$3,238,827
79$4,953,059$320,308$0$3,494,334
80$5,378,633$256,365$0$3,776,790
81$5,845,106$186,779$0$4,086,507
82$6,356,572$111,197$0$4,426,258
83$6,917,539$29,241$0$4,799,096
84$7,532,970$0$0$5,208,389
85$8,208,336$0$0$5,670,287
86$8,949,660$0$0$6,184,062
87$9,763,577$0$0$6,748,209
88$10,657,397$0$0$7,367,799
89$11,639,172$0$0$8,048,423
90$12,717,771$0$0$8,796,237
91$13,902,966$0$0$9,618,025
92$15,205,523$0$0$10,521,259
93$16,637,301$0$0$11,514,173
94$18,211,366$0$0$12,605,835
95$19,942,113$0$0$13,806,239
96$21,845,401$0$0$15,126,395
97$23,938,705$0$0$16,578,432
98$26,241,275$0$0$18,175,715
99$28,774,323$0$0$19,932,969
100$31,561,220$0$0$21,866,418