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%13.6%
1 years$63,999$63,429$62,873$62,330$61,800$60,876
2 years$31,683$31,093$30,521$29,966$29,428$28,500
3 years$20,912$20,319$19,749$19,200$18,671$17,766
4 years$15,528$14,937$14,372$13,832$13,316$12,443
5 years$12,298$11,711$11,153$10,624$10,123$9,283
6 years$10,145$9,563$9,014$8,496$8,010$7,204
7 years$8,609$8,031$7,490$6,985$6,514$5,744
8 years$7,456$6,884$6,352$5,860$5,404$4,668
9 years$6,561$5,994$5,471$4,991$4,551$3,850
10 years$5,845$5,283$4,770$4,303$3,878$3,210
11 years$5,259$4,703$4,199$3,745$3,335$2,700
12 years$4,772$4,221$3,727$3,284$2,890$2,288
13 years$4,359$3,815$3,330$2,900$2,520$1,949
14 years$4,006$3,468$2,992$2,574$2,209$1,669
15 years$3,701$3,168$2,701$2,296$1,945$1,435
16 years$3,434$2,906$2,449$2,055$1,719$1,237
17 years$3,198$2,677$2,229$1,847$1,524$1,070
18 years$2,989$2,473$2,034$1,664$1,355$927
19 years$2,802$2,292$1,862$1,504$1,208$806
20 years$2,634$2,130$1,709$1,362$1,079$701
21 years$2,482$1,984$1,572$1,236$966$611
22 years$2,344$1,852$1,449$1,124$866$533
23 years$2,219$1,732$1,338$1,024$777$466
24 years$2,104$1,623$1,237$934$698$407
25 years$1,998$1,523$1,146$853$628$356
26 years$1,901$1,431$1,063$780$566$312
27 years$1,811$1,347$987$714$510$273
28 years$1,727$1,269$917$654$460$240
29 years$1,650$1,198$854$600$416$210
30 years$1,578$1,131$795$550$376$185
31 years$1,510$1,069$741$505$340$162
32 years$1,447$1,012$692$464$307$142
33 years$1,388$958$646$427$278$125
34 years$1,332$908$603$393$252$110
35 years$1,280$861$564$362$228$97
36 years$1,231$817$528$333$207$85
37 years$1,184$776$494$307$187$75
38 years$1,140$738$463$283$170$66
39 years$1,099$702$433$261$154$58
40 years$1,060$667$406$241$140$51
41 years$1,022$635$381$222$127$45
42 years$987$605$357$205$115$39
43 years$953$577$335$189$104$35
44 years$921$550$315$175$95$30
45 years$890$524$296$161$86$27
46 years$861$500$278$149$78$24
47 years$833$477$261$138$71$21
48 years$807$455$245$127$64$18
49 years$781$435$230$118$58$16
50 years$757$415$217$109$53$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $775,000, adding $2,272 every year, while hoping to spend $22,561 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: 41/45/14 Blend
53$775,000$775,000$775,000$775,000
54$856,394$815,319$803,306$887,877
55$919,741$831,264$806,212$926,252
56$988,794$847,236$808,459$965,368
57$1,064,110$863,209$810,002$1,007,214
58$1,146,304$879,161$810,792$1,052,051
59$1,236,051$895,065$810,778$1,100,163
60$1,334,097$910,892$809,908$1,151,866
61$1,441,261$926,611$808,125$1,207,507
62$1,558,444$942,190$805,372$1,267,471
63$1,686,641$957,593$801,588$1,332,181
64$1,826,945$972,781$796,707$1,402,103
65$1,980,560$987,714$790,664$1,477,752
66$2,148,813$1,002,348$783,387$1,559,698
67$2,333,164$1,016,635$774,802$1,648,567
68$2,535,222$1,030,525$764,833$1,745,050
69$2,756,758$1,043,964$753,398$1,849,911
70$2,999,723$1,056,894$740,413$1,963,993
71$3,266,267$1,069,254$725,789$2,088,224
72$3,558,756$1,080,978$709,433$2,223,629
73$3,879,798$1,091,994$691,248$2,371,339
74$4,232,265$1,102,230$671,132$2,532,602
75$4,619,320$1,111,603$648,980$2,708,795
76$5,044,449$1,120,030$624,679$2,901,435
77$5,511,491$1,127,420$598,114$3,112,198
78$6,024,675$1,133,675$569,162$3,342,931
79$6,588,661$1,138,695$537,698$3,595,674
80$7,208,582$1,142,368$503,588$3,872,674
81$7,890,093$1,144,579$466,694$4,176,412
82$8,639,424$1,145,205$426,870$4,509,625
83$9,463,440$1,144,115$383,965$4,875,329
84$10,369,704$1,141,170$337,821$5,276,853
85$11,366,548$1,136,221$288,272$5,717,870
86$12,463,152$1,129,113$235,146$6,202,427
87$13,669,633$1,119,679$178,262$6,734,991
88$14,997,135$1,107,742$117,433$7,320,486
89$16,457,938$1,093,116$52,462$7,964,346
90$18,065,572$1,075,604$0$8,672,559
91$19,834,946$1,054,994$0$9,454,253
92$21,782,486$1,031,065$0$10,322,720
93$23,926,294$1,003,581$0$11,278,180
94$26,286,313$972,293$0$12,329,527
95$28,884,519$936,938$0$13,486,566
96$31,745,128$897,236$0$14,760,106
97$34,894,822$852,891$0$16,162,063
98$38,363,003$803,592$0$17,705,573
99$42,182,069$749,008$0$19,405,119
100$46,387,721$688,790$0$21,276,665