Can I retire at age 54 with 782,000?

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 $782,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$64,577$64,002$63,440$62,893$62,358$60,703
2 years$31,969$31,373$30,796$30,237$29,694$28,038
3 years$21,101$20,503$19,927$19,373$18,839$17,234
4 years$15,668$15,072$14,502$13,957$13,436$11,895
5 years$12,409$11,816$11,254$10,720$10,214$8,740
6 years$10,237$9,649$9,095$8,573$8,082$6,677
7 years$8,686$8,103$7,558$7,049$6,573$5,237
8 years$7,524$6,946$6,410$5,913$5,453$4,185
9 years$6,620$6,048$5,521$5,036$4,592$3,392
10 years$5,898$5,331$4,813$4,341$3,913$2,778
11 years$5,307$4,746$4,237$3,778$3,365$2,294
12 years$4,815$4,259$3,761$3,314$2,916$1,908
13 years$4,399$3,849$3,360$2,926$2,543$1,594
14 years$4,043$3,499$3,019$2,597$2,229$1,338
15 years$3,734$3,196$2,726$2,316$1,963$1,128
16 years$3,465$2,933$2,471$2,074$1,735$953
17 years$3,227$2,701$2,249$1,863$1,538$807
18 years$3,016$2,496$2,053$1,679$1,368$685
19 years$2,827$2,313$1,879$1,517$1,219$582
20 years$2,658$2,149$1,725$1,374$1,089$496
21 years$2,505$2,002$1,586$1,247$974$422
22 years$2,366$1,869$1,462$1,134$873$360
23 years$2,239$1,748$1,350$1,033$784$308
24 years$2,123$1,638$1,248$942$705$263
25 years$2,016$1,537$1,156$860$634$225
26 years$1,918$1,444$1,072$787$571$193
27 years$1,827$1,359$996$720$515$165
28 years$1,743$1,281$926$660$465$141
29 years$1,665$1,208$861$605$420$121
30 years$1,592$1,141$802$555$379$104
31 years$1,524$1,079$748$510$343$89
32 years$1,460$1,021$698$469$310$76
33 years$1,400$967$652$431$281$65
34 years$1,344$916$609$396$254$56
35 years$1,292$869$569$365$230$48
36 years$1,242$825$533$336$208$41
37 years$1,195$783$498$310$189$35
38 years$1,151$744$467$285$171$30
39 years$1,109$708$437$263$155$26
40 years$1,069$674$410$243$141$22
41 years$1,031$641$384$224$128$19
42 years$996$611$361$207$116$16
43 years$962$582$338$191$105$14
44 years$929$555$318$176$96$12
45 years$898$529$298$163$87$10
46 years$869$504$280$150$79$9
47 years$841$481$263$139$72$8
48 years$814$460$247$128$65$7
49 years$788$439$232$119$59$6
50 years$764$419$219$110$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $782,000, adding $5,015 every year, while hoping to spend $56,361 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: 38/47/15 Blend
53$782,000$782,000$782,000$782,000
54$866,937$825,491$813,370$895,777
55$895,397$805,972$780,650$897,352
56$924,871$783,608$744,945$893,259
57$955,402$758,200$706,096$887,625
58$987,038$729,537$663,935$880,340
59$1,019,828$697,396$618,289$871,287
60$1,053,824$661,542$568,975$860,343
61$1,089,082$621,725$515,803$847,381
62$1,125,660$577,682$458,575$832,264
63$1,163,623$529,133$397,082$814,850
64$1,203,036$475,785$331,108$794,987
65$1,243,973$417,325$260,428$772,517
66$1,286,510$353,426$184,803$747,273
67$1,330,728$283,738$103,988$719,081
68$1,376,716$207,894$17,726$687,756
69$1,424,567$125,508$0$653,105
70$1,474,384$36,168$0$626,822
71$1,526,273$0$0$600,597
72$1,580,353$0$0$602,735
73$1,636,749$0$0$624,491
74$1,695,595$0$0$647,215
75$1,757,039$0$0$670,965
76$1,821,238$0$0$695,808
77$1,888,362$0$0$721,811
78$1,958,595$0$0$749,049
79$2,032,137$0$0$777,605
80$2,109,204$0$0$807,566
81$2,190,030$0$0$839,029
82$2,274,869$0$0$872,097
83$2,363,998$0$0$906,884
84$2,457,717$0$0$943,513
85$2,556,351$0$0$982,118
86$2,660,256$0$0$1,022,846
87$2,769,820$0$0$1,065,855
88$2,885,462$0$0$1,111,319
89$3,007,644$0$0$1,159,429
90$3,136,865$0$0$1,210,390
91$3,273,674$0$0$1,264,429
92$3,418,669$0$0$1,321,794
93$3,572,502$0$0$1,382,754
94$3,735,887$0$0$1,447,605
95$3,909,606$0$0$1,516,671
96$4,094,513$0$0$1,590,307
97$4,291,543$0$0$1,668,899
98$4,501,722$0$0$1,752,875
99$4,726,170$0$0$1,842,698
100$4,966,118$0$0$1,938,881