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%12.6%
1 years$63,999$63,429$62,873$62,330$61,800$61,129
2 years$31,683$31,093$30,521$29,966$29,428$28,753
3 years$20,912$20,319$19,749$19,200$18,671$18,011
4 years$15,528$14,937$14,372$13,832$13,316$12,678
5 years$12,298$11,711$11,153$10,624$10,123$9,508
6 years$10,145$9,563$9,014$8,496$8,010$7,419
7 years$8,609$8,031$7,490$6,985$6,514$5,948
8 years$7,456$6,884$6,352$5,860$5,404$4,862
9 years$6,561$5,994$5,471$4,991$4,551$4,033
10 years$5,845$5,283$4,770$4,303$3,878$3,384
11 years$5,259$4,703$4,199$3,745$3,335$2,864
12 years$4,772$4,221$3,727$3,284$2,890$2,442
13 years$4,359$3,815$3,330$2,900$2,520$2,095
14 years$4,006$3,468$2,992$2,574$2,209$1,805
15 years$3,701$3,168$2,701$2,296$1,945$1,562
16 years$3,434$2,906$2,449$2,055$1,719$1,357
17 years$3,198$2,677$2,229$1,847$1,524$1,182
18 years$2,989$2,473$2,034$1,664$1,355$1,032
19 years$2,802$2,292$1,862$1,504$1,208$903
20 years$2,634$2,130$1,709$1,362$1,079$791
21 years$2,482$1,984$1,572$1,236$966$695
22 years$2,344$1,852$1,449$1,124$866$611
23 years$2,219$1,732$1,338$1,024$777$538
24 years$2,104$1,623$1,237$934$698$474
25 years$1,998$1,523$1,146$853$628$418
26 years$1,901$1,431$1,063$780$566$369
27 years$1,811$1,347$987$714$510$326
28 years$1,727$1,269$917$654$460$288
29 years$1,650$1,198$854$600$416$255
30 years$1,578$1,131$795$550$376$225
31 years$1,510$1,069$741$505$340$200
32 years$1,447$1,012$692$464$307$177
33 years$1,388$958$646$427$278$157
34 years$1,332$908$603$393$252$139
35 years$1,280$861$564$362$228$123
36 years$1,231$817$528$333$207$109
37 years$1,184$776$494$307$187$97
38 years$1,140$738$463$283$170$86
39 years$1,099$702$433$261$154$76
40 years$1,060$667$406$241$140$67
41 years$1,022$635$381$222$127$60
42 years$987$605$357$205$115$53
43 years$953$577$335$189$104$47
44 years$921$550$315$175$95$42
45 years$890$524$296$161$86$37
46 years$861$500$278$149$78$33
47 years$833$477$261$138$71$29
48 years$807$455$245$127$64$26
49 years$781$435$230$118$58$23
50 years$757$415$217$109$53$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $775,000, adding $2,033 every year, while hoping to spend $44,037 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: 44/42/14 Blend
53$775,000$775,000$775,000$775,000
54$856,147$815,072$803,060$890,281
55$896,619$808,156$783,107$907,404
56$939,743$799,424$761,010$921,374
57$985,744$788,743$736,651$935,555
58$1,034,866$775,967$709,905$949,985
59$1,087,378$760,946$680,643$964,709
60$1,143,576$743,518$648,730$979,779
61$1,203,783$723,512$614,024$995,258
62$1,268,353$700,749$576,378$1,011,215
63$1,337,676$675,036$535,637$1,027,733
64$1,412,178$646,171$491,640$1,044,907
65$1,492,327$613,941$444,218$1,062,846
66$1,578,640$578,120$393,194$1,081,673
67$1,671,680$538,466$338,385$1,101,532
68$1,772,069$494,729$279,599$1,122,583
69$1,880,489$446,640$216,634$1,145,011
70$1,997,690$393,915$149,282$1,169,024
71$2,124,494$336,257$77,323$1,194,860
72$2,261,809$273,350$529$1,222,784
73$2,410,628$204,860$0$1,253,098
74$2,572,048$130,434$0$1,298,305
75$2,747,273$49,700$0$1,347,500
76$2,937,626$0$0$1,401,072
77$3,144,564$0$0$1,476,984
78$3,369,689$0$0$1,584,639
79$3,614,765$0$0$1,701,920
80$3,881,733$0$0$1,829,767
81$4,172,726$0$0$1,969,213
82$4,490,094$0$0$2,121,395
83$4,836,425$0$0$2,287,568
84$5,214,563$0$0$2,469,108
85$5,627,644$0$0$2,667,534
86$6,079,117$0$0$2,884,516
87$6,572,780$0$0$3,121,895
88$7,112,814$0$0$3,381,695
89$7,703,825$0$0$3,666,149
90$8,350,883$0$0$3,977,712
91$9,059,570$0$0$4,319,089
92$9,836,035$0$0$4,693,259
93$10,687,050$0$0$5,103,505
94$11,620,073$0$0$5,553,438
95$12,643,316$0$0$6,047,040
96$13,765,827$0$0$6,588,694
97$14,997,571$0$0$7,183,230
98$16,349,523$0$0$7,835,968
99$17,833,773$0$0$8,552,766
100$19,463,639$0$0$9,340,080