Can I retire at age 54 with 775,000?

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 $775,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$63,999$63,429$62,873$62,330$61,800$60,281
2 years$31,683$31,093$30,521$29,966$29,428$27,908
3 years$20,912$20,319$19,749$19,200$18,671$17,196
4 years$15,528$14,937$14,372$13,832$13,316$11,898
5 years$12,298$11,711$11,153$10,624$10,123$8,765
6 years$10,145$9,563$9,014$8,496$8,010$6,715
7 years$8,609$8,031$7,490$6,985$6,514$5,281
8 years$7,456$6,884$6,352$5,860$5,404$4,233
9 years$6,561$5,994$5,471$4,991$4,551$3,441
10 years$5,845$5,283$4,770$4,303$3,878$2,827
11 years$5,259$4,703$4,199$3,745$3,335$2,343
12 years$4,772$4,221$3,727$3,284$2,890$1,954
13 years$4,359$3,815$3,330$2,900$2,520$1,639
14 years$4,006$3,468$2,992$2,574$2,209$1,380
15 years$3,701$3,168$2,701$2,296$1,945$1,167
16 years$3,434$2,906$2,449$2,055$1,719$989
17 years$3,198$2,677$2,229$1,847$1,524$841
18 years$2,989$2,473$2,034$1,664$1,355$716
19 years$2,802$2,292$1,862$1,504$1,208$611
20 years$2,634$2,130$1,709$1,362$1,079$522
21 years$2,482$1,984$1,572$1,236$966$447
22 years$2,344$1,852$1,449$1,124$866$383
23 years$2,219$1,732$1,338$1,024$777$328
24 years$2,104$1,623$1,237$934$698$282
25 years$1,998$1,523$1,146$853$628$242
26 years$1,901$1,431$1,063$780$566$208
27 years$1,811$1,347$987$714$510$179
28 years$1,727$1,269$917$654$460$154
29 years$1,650$1,198$854$600$416$132
30 years$1,578$1,131$795$550$376$114
31 years$1,510$1,069$741$505$340$98
32 years$1,447$1,012$692$464$307$84
33 years$1,388$958$646$427$278$73
34 years$1,332$908$603$393$252$62
35 years$1,280$861$564$362$228$54
36 years$1,231$817$528$333$207$46
37 years$1,184$776$494$307$187$40
38 years$1,140$738$463$283$170$34
39 years$1,099$702$433$261$154$30
40 years$1,060$667$406$241$140$26
41 years$1,022$635$381$222$127$22
42 years$987$605$357$205$115$19
43 years$953$577$335$189$104$16
44 years$921$550$315$175$95$14
45 years$890$524$296$161$86$12
46 years$861$500$278$149$78$10
47 years$833$477$261$138$71$9
48 years$807$455$245$127$64$8
49 years$781$435$230$118$58$7
50 years$757$415$217$109$53$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $775,000, adding $6,848 every year, while hoping to spend $59,779 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: 30/46/24 Blend
53$775,000$775,000$775,000$775,000
54$861,114$820,039$808,026$880,376
55$885,343$796,616$771,491$872,345
56$910,040$770,042$731,728$857,947
57$935,189$740,100$688,566$841,234
58$960,772$706,559$641,827$822,044
59$986,766$669,175$591,323$800,205
60$1,013,143$627,691$536,859$775,537
61$1,039,870$581,835$478,230$747,847
62$1,066,911$531,318$415,225$716,930
63$1,094,220$475,837$347,619$682,570
64$1,121,747$415,070$275,181$644,537
65$1,149,433$348,676$197,667$602,589
66$1,177,211$276,297$114,825$556,465
67$1,205,005$197,554$26,390$505,894
68$1,232,726$112,045$0$450,583
69$1,260,277$19,347$0$407,636
70$1,287,544$0$0$367,658
71$1,314,403$0$0$364,609
72$1,340,711$0$0$371,103
73$1,366,307$0$0$377,293
74$1,391,013$0$0$383,117
75$1,414,627$0$0$388,506
76$1,436,924$0$0$393,384
77$1,457,653$0$0$397,664
78$1,476,532$0$0$401,252
79$1,493,248$0$0$404,042
80$1,507,452$0$0$405,914
81$1,518,754$0$0$406,739
82$1,526,721$0$0$406,369
83$1,530,873$0$0$404,643
84$1,530,673$0$0$401,380
85$1,525,527$0$0$396,383
86$1,514,777$0$0$389,428
87$1,497,690$0$0$380,271
88$1,473,455$0$0$368,641
89$1,441,173$0$0$354,236
90$1,399,847$0$0$336,724
91$1,348,373$0$0$315,736
92$1,285,529$0$0$290,863
93$1,209,964$0$0$261,656
94$1,120,180$0$0$227,616
95$1,014,523$0$0$188,190
96$891,161$0$0$142,769
97$748,071$0$0$90,680
98$583,015$0$0$31,179
99$393,520$0$0$0
100$176,855$0$0$0