Can I retire at age 54 with 779,000?

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 $779,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$64,329$63,756$63,197$62,651$62,119$60,617
2 years$31,846$31,253$30,678$30,121$29,580$28,076
3 years$21,020$20,424$19,851$19,299$18,767$17,308
4 years$15,608$15,014$14,446$13,904$13,385$11,982
5 years$12,361$11,771$11,211$10,679$10,175$8,832
6 years$10,198$9,612$9,060$8,540$8,051$6,769
7 years$8,653$8,072$7,529$7,021$6,548$5,327
8 years$7,495$6,919$6,385$5,890$5,432$4,272
9 years$6,595$6,025$5,500$5,017$4,574$3,475
10 years$5,875$5,310$4,795$4,325$3,898$2,857
11 years$5,286$4,727$4,221$3,764$3,352$2,369
12 years$4,796$4,243$3,746$3,301$2,905$1,977
13 years$4,382$3,835$3,347$2,915$2,533$1,659
14 years$4,027$3,485$3,007$2,587$2,221$1,399
15 years$3,720$3,184$2,715$2,307$1,955$1,183
16 years$3,451$2,921$2,462$2,066$1,728$1,004
17 years$3,215$2,690$2,240$1,856$1,532$854
18 years$3,004$2,486$2,045$1,673$1,362$728
19 years$2,816$2,304$1,872$1,512$1,214$622
20 years$2,648$2,141$1,718$1,369$1,085$532
21 years$2,495$1,994$1,580$1,243$971$455
22 years$2,356$1,862$1,456$1,130$870$390
23 years$2,230$1,741$1,345$1,029$781$335
24 years$2,115$1,631$1,244$938$702$288
25 years$2,008$1,531$1,152$857$632$247
26 years$1,911$1,439$1,068$784$569$212
27 years$1,820$1,354$992$717$513$183
28 years$1,736$1,276$922$657$463$157
29 years$1,658$1,204$858$603$418$135
30 years$1,586$1,137$799$553$378$117
31 years$1,518$1,075$745$508$341$100
32 years$1,455$1,017$695$467$309$87
33 years$1,395$963$649$429$279$75
34 years$1,339$913$607$395$253$64
35 years$1,287$866$567$364$229$55
36 years$1,237$822$531$335$208$48
37 years$1,191$780$497$309$188$41
38 years$1,146$742$465$284$171$36
39 years$1,105$705$436$262$155$31
40 years$1,065$671$408$242$140$26
41 years$1,027$639$383$223$127$23
42 years$992$608$359$206$116$20
43 years$958$580$337$190$105$17
44 years$926$552$316$176$95$15
45 years$895$527$297$162$86$13
46 years$865$503$279$150$78$11
47 years$837$480$262$138$71$9
48 years$811$458$246$128$65$8
49 years$785$437$232$118$59$7
50 years$761$418$218$109$53$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $779,000, adding $6,890 every year, while hoping to spend $22,399 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: 67/9/24 Blend
53$779,000$779,000$779,000$779,000
54$865,565$824,278$812,204$917,786
55$930,020$840,835$815,580$970,276
56$1,000,299$857,453$818,319$1,024,475
57$1,076,972$874,111$820,375$1,083,231
58$1,160,667$890,786$821,701$1,146,994
59$1,252,075$907,455$822,248$1,216,260
60$1,351,957$924,090$821,964$1,291,575
61$1,461,150$940,664$820,793$1,373,542
62$1,580,576$957,145$818,678$1,462,824
63$1,711,251$973,502$815,560$1,560,153
64$1,854,293$989,697$811,376$1,666,335
65$2,010,933$1,005,694$806,059$1,782,260
66$2,182,526$1,021,451$799,540$1,908,908
67$2,370,566$1,036,925$791,747$2,047,358
68$2,576,697$1,052,067$782,603$2,198,802
69$2,802,729$1,066,828$772,030$2,364,553
70$3,050,658$1,081,153$759,943$2,546,057
71$3,322,681$1,094,984$746,257$2,744,909
72$3,621,216$1,108,261$730,878$2,962,869
73$3,948,930$1,120,916$713,713$3,201,873
74$4,308,759$1,132,879$694,660$3,464,059
75$4,703,938$1,144,075$673,616$3,751,781
76$5,138,028$1,154,423$650,472$4,067,637
77$5,614,956$1,163,839$625,111$4,414,487
78$6,139,046$1,172,231$597,416$4,795,486
79$6,715,060$1,179,502$567,262$5,214,111
80$7,348,248$1,185,549$534,516$5,674,195
81$8,044,390$1,190,263$499,044$6,179,963
82$8,809,858$1,193,526$460,702$6,736,072
83$9,651,669$1,195,214$419,341$7,347,655
84$10,577,556$1,195,196$374,806$8,020,371
85$11,596,038$1,193,332$326,933$8,760,456
86$12,716,502$1,189,473$275,553$9,574,784
87$13,949,289$1,183,461$220,488$10,470,933
88$15,305,795$1,175,130$161,553$11,457,255
89$16,798,576$1,164,301$98,555$12,542,955
90$18,441,466$1,150,786$31,292$13,738,180
91$20,249,707$1,134,387$0$15,054,114
92$22,240,097$1,114,891$0$16,513,453
93$24,431,141$1,092,075$0$18,128,639
94$26,843,232$1,065,701$0$19,906,684
95$29,498,840$1,035,519$0$21,864,155
96$32,422,724$1,001,262$0$24,019,307
97$35,642,167$962,649$0$26,392,258
98$39,187,232$919,382$0$29,005,174
99$43,091,044$871,147$0$31,882,484
100$47,390,107$817,609$0$35,051,108