Can I retire at age 54 with 777,000?

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 $777,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$64,164$63,592$63,035$62,491$61,959$60,708
2 years$31,764$31,173$30,599$30,044$29,504$28,249
3 years$20,966$20,372$19,800$19,249$18,719$17,499
4 years$15,568$14,975$14,409$13,868$13,350$12,175
5 years$12,330$11,741$11,182$10,652$10,149$9,022
6 years$10,172$9,587$9,037$8,518$8,030$6,953
7 years$8,631$8,051$7,510$7,003$6,531$5,503
8 years$7,476$6,902$6,369$5,875$5,418$4,439
9 years$6,578$6,009$5,485$5,004$4,563$3,632
10 years$5,860$5,297$4,782$4,314$3,888$3,005
11 years$5,273$4,715$4,210$3,754$3,344$2,507
12 years$4,784$4,232$3,737$3,293$2,897$2,106
13 years$4,371$3,825$3,338$2,907$2,527$1,779
14 years$4,017$3,477$3,000$2,581$2,215$1,510
15 years$3,710$3,176$2,708$2,301$1,950$1,286
16 years$3,442$2,914$2,455$2,061$1,723$1,099
17 years$3,206$2,684$2,234$1,852$1,528$942
18 years$2,997$2,480$2,040$1,669$1,359$809
19 years$2,809$2,298$1,867$1,508$1,211$696
20 years$2,641$2,136$1,714$1,366$1,082$600
21 years$2,489$1,989$1,576$1,239$968$517
22 years$2,350$1,857$1,453$1,127$868$447
23 years$2,224$1,737$1,341$1,026$779$387
24 years$2,109$1,627$1,240$936$700$335
25 years$2,003$1,527$1,149$855$630$290
26 years$1,906$1,435$1,066$782$567$251
27 years$1,815$1,351$989$715$512$218
28 years$1,732$1,273$920$655$462$189
29 years$1,654$1,201$856$601$417$164
30 years$1,582$1,134$797$552$377$142
31 years$1,514$1,072$743$507$341$124
32 years$1,451$1,014$694$466$308$107
33 years$1,391$960$648$428$279$93
34 years$1,336$910$605$394$252$81
35 years$1,283$863$566$363$229$71
36 years$1,234$820$529$334$207$61
37 years$1,187$778$495$308$188$53
38 years$1,143$740$464$284$170$46
39 years$1,102$703$435$262$154$40
40 years$1,062$669$407$241$140$35
41 years$1,025$637$382$223$127$31
42 years$989$607$358$205$115$27
43 years$955$578$336$190$105$23
44 years$923$551$316$175$95$20
45 years$892$525$296$162$86$17
46 years$863$501$278$149$78$15
47 years$835$478$261$138$71$13
48 years$809$457$246$127$65$12
49 years$783$436$231$118$59$10
50 years$759$417$217$109$53$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $777,000, adding $4,203 every year, while hoping to spend $35,959 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: 29/48/23 Blend
53$777,000$777,000$777,000$777,000
54$860,589$819,408$807,365$879,267
55$910,109$821,299$796,152$895,969
56$963,475$822,078$783,357$910,448
57$1,021,041$821,651$768,891$925,267
58$1,083,197$819,921$752,658$940,479
59$1,150,369$816,784$734,559$956,144
60$1,223,029$812,128$714,489$972,333
61$1,301,693$805,838$692,339$989,125
62$1,386,929$797,787$667,996$1,006,613
63$1,479,361$787,844$641,339$1,024,900
64$1,579,677$775,869$612,245$1,044,108
65$1,688,632$761,715$580,583$1,064,372
66$1,807,057$745,223$546,217$1,085,845
67$1,935,866$726,229$509,005$1,108,703
68$2,076,065$704,554$468,797$1,133,143
69$2,228,761$680,015$425,439$1,159,389
70$2,395,171$652,412$378,768$1,187,691
71$2,576,636$621,538$328,614$1,218,332
72$2,774,631$587,171$274,800$1,251,632
73$2,990,779$549,078$217,142$1,287,946
74$3,226,868$507,013$155,446$1,327,678
75$3,484,866$460,714$89,511$1,371,275
76$3,766,939$409,905$19,126$1,419,242
77$4,075,471$354,295$0$1,472,142
78$4,413,090$293,576$0$1,544,344
79$4,782,685$227,422$0$1,628,715
80$5,187,443$155,489$0$1,721,399
81$5,630,869$77,415$0$1,823,334
82$6,116,825$0$0$1,935,561
83$6,649,565$0$0$2,063,029
84$7,233,771$0$0$2,247,776
85$7,874,604$0$0$2,450,558
86$8,577,747$0$0$2,673,189
87$9,349,458$0$0$2,917,667
88$10,196,631$0$0$3,186,195
89$11,126,863$0$0$3,481,196
90$12,148,519$0$0$3,805,343
91$13,270,815$0$0$4,161,578
92$14,503,905$0$0$4,553,145
93$15,858,973$0$0$4,983,614
94$17,348,342$0$0$5,456,921
95$18,985,586$0$0$5,977,403
96$20,785,662$0$0$6,549,836
97$22,765,048$0$0$7,179,484
98$24,941,897$0$0$7,872,145
99$27,336,212$0$0$8,634,208
100$29,970,030$0$0$9,472,713