Can I retire at age 54 with 780,000?

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 $780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$64,412$63,838$63,278$62,732$62,198$60,918
2 years$31,887$31,293$30,718$30,160$29,618$28,334
3 years$21,047$20,450$19,876$19,323$18,791$17,543
4 years$15,628$15,033$14,465$13,921$13,402$12,200
5 years$12,377$11,786$11,225$10,693$10,188$9,035
6 years$10,211$9,624$9,072$8,551$8,061$6,959
7 years$8,664$8,082$7,539$7,031$6,556$5,505
8 years$7,505$6,928$6,393$5,898$5,439$4,438
9 years$6,603$6,032$5,507$5,024$4,580$3,629
10 years$5,882$5,317$4,801$4,330$3,903$3,000
11 years$5,293$4,734$4,227$3,769$3,356$2,502
12 years$4,803$4,249$3,751$3,306$2,909$2,100
13 years$4,388$3,839$3,351$2,918$2,536$1,773
14 years$4,032$3,490$3,011$2,591$2,223$1,504
15 years$3,725$3,188$2,719$2,310$1,958$1,280
16 years$3,456$2,925$2,465$2,069$1,730$1,093
17 years$3,219$2,694$2,243$1,859$1,534$936
18 years$3,008$2,489$2,047$1,675$1,364$803
19 years$2,820$2,307$1,874$1,514$1,216$691
20 years$2,651$2,144$1,720$1,371$1,086$595
21 years$2,498$1,997$1,582$1,244$972$513
22 years$2,359$1,864$1,458$1,131$871$443
23 years$2,233$1,743$1,346$1,030$782$382
24 years$2,117$1,633$1,245$940$703$331
25 years$2,011$1,533$1,153$858$632$286
26 years$1,913$1,441$1,070$785$570$248
27 years$1,822$1,356$993$718$514$215
28 years$1,738$1,278$923$658$463$186
29 years$1,660$1,205$859$603$418$162
30 years$1,588$1,138$800$554$378$140
31 years$1,520$1,076$746$509$342$122
32 years$1,456$1,018$696$467$309$106
33 years$1,397$964$650$430$280$92
34 years$1,341$914$607$395$253$80
35 years$1,288$867$568$364$229$69
36 years$1,239$823$531$335$208$60
37 years$1,192$781$497$309$188$52
38 years$1,148$743$466$285$171$45
39 years$1,106$706$436$263$155$39
40 years$1,066$672$409$242$141$34
41 years$1,029$639$383$223$127$30
42 years$993$609$360$206$116$26
43 years$959$580$337$190$105$22
44 years$927$553$317$176$95$20
45 years$896$527$297$162$87$17
46 years$867$503$279$150$79$15
47 years$839$480$262$139$71$13
48 years$812$458$247$128$65$11
49 years$786$438$232$118$59$10
50 years$762$418$218$109$53$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $780,000, adding $5,098 every year, while hoping to spend $55,641 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: 69/22/9 Blend
53$780,000$780,000$780,000$780,000
54$864,819$823,479$811,389$922,662
55$893,828$804,627$779,369$942,817
56$923,933$782,988$744,411$957,619
57$955,184$758,364$706,359$972,322
58$987,638$730,550$665,047$986,905
59$1,021,356$699,326$620,306$1,001,349
60$1,056,403$664,461$571,954$1,015,631
61$1,092,846$625,709$519,805$1,029,732
62$1,130,760$582,813$463,662$1,043,628
63$1,170,225$535,498$403,322$1,057,299
64$1,211,325$483,475$338,570$1,070,723
65$1,254,152$426,437$269,184$1,083,878
66$1,298,804$364,061$194,930$1,096,743
67$1,345,388$296,005$115,566$1,109,297
68$1,394,017$221,910$30,838$1,121,521
69$1,444,816$141,392$0$1,133,396
70$1,497,918$54,051$0$1,150,627
71$1,553,466$0$0$1,171,009
72$1,611,617$0$0$1,201,407
73$1,672,541$0$0$1,246,975
74$1,736,419$0$0$1,294,766
75$1,803,451$0$0$1,344,930
76$1,873,853$0$0$1,397,632
77$1,947,860$0$0$1,453,048
78$2,025,725$0$0$1,511,371
79$2,107,727$0$0$1,572,811
80$2,194,167$0$0$1,637,598
81$2,285,375$0$0$1,705,981
82$2,381,710$0$0$1,778,231
83$2,483,562$0$0$1,854,645
84$2,591,360$0$0$1,935,547
85$2,705,568$0$0$2,021,290
86$2,826,697$0$0$2,112,262
87$2,955,304$0$0$2,208,883
88$3,091,998$0$0$2,311,617
89$3,237,445$0$0$2,420,968
90$3,392,375$0$0$2,537,491
91$3,557,585$0$0$2,661,791
92$3,733,952$0$0$2,794,532
93$3,922,433$0$0$2,936,441
94$4,124,080$0$0$3,088,317
95$4,340,043$0$0$3,251,033
96$4,571,587$0$0$3,425,550
97$4,820,097$0$0$3,612,918
98$5,087,095$0$0$3,814,294
99$5,374,250$0$0$4,030,945
100$5,683,395$0$0$4,264,264