Can I retire at age 54 with 781,000?

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 $781,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$64,494$63,920$63,359$62,812$62,278$60,896
2 years$31,928$31,333$30,757$30,198$29,656$28,271
3 years$21,074$20,477$19,902$19,348$18,815$17,470
4 years$15,648$15,052$14,483$13,939$13,419$12,125
5 years$12,393$11,801$11,240$10,707$10,201$8,961
6 years$10,224$9,637$9,083$8,562$8,072$6,887
7 years$8,675$8,093$7,548$7,040$6,564$5,435
8 years$7,514$6,937$6,402$5,905$5,446$4,372
9 years$6,612$6,040$5,514$5,030$4,586$3,566
10 years$5,890$5,324$4,807$4,336$3,908$2,941
11 years$5,300$4,740$4,232$3,774$3,361$2,446
12 years$4,809$4,254$3,756$3,310$2,912$2,049
13 years$4,393$3,844$3,356$2,922$2,540$1,725
14 years$4,037$3,494$3,015$2,594$2,226$1,459
15 years$3,729$3,192$2,722$2,313$1,960$1,238
16 years$3,460$2,929$2,468$2,071$1,732$1,055
17 years$3,223$2,697$2,246$1,861$1,536$900
18 years$3,012$2,492$2,050$1,677$1,366$770
19 years$2,824$2,310$1,877$1,516$1,217$660
20 years$2,654$2,147$1,722$1,373$1,087$567
21 years$2,501$1,999$1,584$1,246$973$487
22 years$2,363$1,866$1,460$1,133$872$419
23 years$2,236$1,746$1,348$1,032$783$361
24 years$2,120$1,636$1,247$941$704$311
25 years$2,014$1,535$1,155$859$633$269
26 years$1,915$1,443$1,071$786$570$232
27 years$1,825$1,358$995$719$514$200
28 years$1,741$1,279$925$659$464$173
29 years$1,663$1,207$860$604$419$150
30 years$1,590$1,140$801$554$379$129
31 years$1,522$1,077$747$509$342$112
32 years$1,458$1,019$697$468$310$97
33 years$1,399$965$651$430$280$84
34 years$1,343$915$608$396$254$73
35 years$1,290$868$569$365$230$63
36 years$1,240$824$532$336$208$54
37 years$1,194$782$498$309$189$47
38 years$1,149$744$466$285$171$41
39 years$1,107$707$437$263$155$35
40 years$1,068$673$409$242$141$31
41 years$1,030$640$384$224$128$26
42 years$994$610$360$206$116$23
43 years$960$581$338$191$105$20
44 years$928$554$317$176$95$17
45 years$897$528$298$163$87$15
46 years$868$504$280$150$79$13
47 years$840$481$263$139$71$11
48 years$813$459$247$128$65$10
49 years$787$438$232$118$59$8
50 years$763$419$218$109$54$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $781,000, adding $6,085 every year, while hoping to spend $29,758 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: 35/42/23 Blend
53$781,000$781,000$781,000$781,000
54$866,939$825,546$813,440$891,054
55$923,704$834,335$809,028$918,200
56$985,262$842,558$803,471$944,309
57$1,052,071$850,155$796,699$971,880
58$1,124,632$857,063$788,639$1,001,062
59$1,203,501$863,215$779,214$1,032,022
60$1,289,284$868,539$768,344$1,064,943
61$1,382,653$872,959$755,946$1,100,030
62$1,484,345$876,395$741,931$1,137,512
63$1,595,169$878,760$726,207$1,177,640
64$1,716,020$879,962$708,678$1,220,697
65$1,847,879$879,905$689,243$1,266,995
66$1,991,827$878,485$667,798$1,316,879
67$2,149,055$875,593$644,231$1,370,736
68$2,320,874$871,112$618,428$1,428,991
69$2,508,725$864,919$590,267$1,492,118
70$2,714,198$856,882$559,624$1,560,642
71$2,939,040$846,864$526,365$1,635,146
72$3,185,178$834,717$490,355$1,716,275
73$3,454,733$820,284$451,448$1,804,743
74$3,750,039$803,402$409,495$1,901,344
75$4,073,669$783,894$364,339$2,006,954
76$4,428,454$761,576$315,815$2,122,546
77$4,817,515$736,251$263,753$2,249,196
78$5,244,286$707,712$207,974$2,388,096
79$5,712,553$675,739$148,290$2,540,563
80$6,226,483$640,100$84,508$2,708,057
81$6,790,668$600,550$16,423$2,892,192
82$7,410,167$556,827$0$3,094,755
83$8,090,550$508,658$0$3,331,522
84$8,837,956$455,752$0$3,596,074
85$9,659,145$397,801$0$3,886,849
86$10,561,567$334,482$0$4,206,577
87$11,553,427$265,452$0$4,558,271
88$12,643,766$190,349$0$4,945,258
89$13,842,545$108,791$0$5,371,212
90$15,160,736$20,373$0$5,840,185
91$16,610,429$0$0$6,356,654
92$18,204,945$0$0$6,960,372
93$19,958,959$0$0$7,634,965
94$21,888,642$0$0$8,377,253
95$24,011,809$0$0$9,194,105
96$26,348,091$0$0$10,093,091
97$28,919,117$0$0$11,082,550
98$31,748,718$0$0$12,171,673
99$34,863,154$0$0$13,370,586
100$38,291,359$0$0$14,690,447