Can I retire at age 54 with 783,000?

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 $783,000?

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$64,659$64,083$63,522$62,973$62,438$60,780
2 years$32,010$31,413$30,836$30,276$29,732$28,074
3 years$21,128$20,529$19,953$19,398$18,863$17,256
4 years$15,688$15,091$14,520$13,975$13,453$11,910
5 years$12,425$11,832$11,268$10,734$10,227$8,751
6 years$10,250$9,661$9,107$8,584$8,092$6,685
7 years$8,697$8,114$7,568$7,058$6,581$5,243
8 years$7,533$6,955$6,418$5,920$5,460$4,191
9 years$6,629$6,055$5,528$5,043$4,598$3,396
10 years$5,905$5,338$4,819$4,347$3,918$2,782
11 years$5,314$4,752$4,243$3,783$3,369$2,297
12 years$4,821$4,265$3,765$3,318$2,920$1,910
13 years$4,404$3,854$3,364$2,930$2,546$1,596
14 years$4,048$3,503$3,023$2,601$2,232$1,340
15 years$3,739$3,200$2,729$2,319$1,965$1,129
16 years$3,469$2,936$2,474$2,077$1,737$954
17 years$3,231$2,704$2,252$1,866$1,540$808
18 years$3,020$2,499$2,055$1,682$1,369$686
19 years$2,831$2,316$1,882$1,519$1,220$583
20 years$2,661$2,152$1,727$1,376$1,090$496
21 years$2,508$2,005$1,588$1,249$976$423
22 years$2,369$1,871$1,464$1,136$874$361
23 years$2,242$1,750$1,352$1,034$785$308
24 years$2,125$1,640$1,250$943$706$263
25 years$2,019$1,539$1,158$861$635$225
26 years$1,920$1,446$1,074$788$572$193
27 years$1,829$1,361$997$721$516$165
28 years$1,745$1,283$927$661$465$141
29 years$1,667$1,210$863$606$420$121
30 years$1,594$1,143$803$556$380$104
31 years$1,526$1,080$749$511$343$89
32 years$1,462$1,022$699$469$310$76
33 years$1,402$968$653$431$281$65
34 years$1,346$917$610$397$254$56
35 years$1,293$870$570$365$230$48
36 years$1,244$826$533$337$209$41
37 years$1,197$784$499$310$189$35
38 years$1,152$745$467$286$172$30
39 years$1,110$709$438$264$156$26
40 years$1,070$674$410$243$141$22
41 years$1,033$642$385$224$128$19
42 years$997$611$361$207$116$16
43 years$963$583$339$191$105$14
44 years$930$555$318$176$96$12
45 years$899$529$299$163$87$10
46 years$870$505$280$150$79$9
47 years$842$482$263$139$72$8
48 years$815$460$248$128$65$7
49 years$789$439$233$119$59$6
50 years$764$420$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 $783,000, adding $2,791 every year, while hoping to spend $20,735 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: 78/8/14 Blend
53$783,000$783,000$783,000$783,000
54$865,745$824,246$812,109$930,581
55$931,989$842,572$817,253$992,003
56$1,004,295$861,101$821,874$1,056,439
57$1,083,259$879,822$825,933$1,126,535
58$1,169,539$898,720$829,389$1,202,849
59$1,263,856$917,781$832,198$1,285,993
60$1,367,007$936,990$834,314$1,376,645
61$1,479,867$956,328$835,689$1,475,549
62$1,603,403$975,777$836,274$1,583,525
63$1,738,675$995,316$836,014$1,701,479
64$1,886,855$1,014,921$834,856$1,830,404
65$2,049,230$1,034,568$832,739$1,971,399
66$2,227,220$1,054,231$829,605$2,125,672
67$2,422,387$1,073,879$825,387$2,294,555
68$2,636,454$1,093,481$820,020$2,479,515
69$2,871,314$1,113,005$813,434$2,682,169
70$3,129,058$1,132,412$805,553$2,904,298
71$3,411,985$1,151,663$796,303$3,147,866
72$3,722,630$1,170,716$785,601$3,415,034
73$4,063,782$1,189,525$773,362$3,708,187
74$4,438,518$1,208,042$759,500$4,029,950
75$4,850,223$1,226,213$743,920$4,383,217
76$5,302,631$1,243,982$726,526$4,771,177
77$5,799,851$1,261,289$707,217$5,197,343
78$6,346,413$1,278,070$685,885$5,665,589
79$6,947,306$1,294,254$662,421$6,180,181
80$7,608,027$1,309,768$636,708$6,745,820
81$8,334,633$1,324,533$608,625$7,367,690
82$9,133,795$1,338,466$578,044$8,051,500
83$10,012,867$1,351,475$544,833$8,803,544
84$10,979,949$1,363,466$508,854$9,630,754
85$12,043,964$1,374,337$469,961$10,540,775
86$13,214,746$1,383,977$428,003$11,542,026
87$14,503,131$1,392,273$382,822$12,643,789
88$15,921,056$1,399,100$334,252$13,856,292
89$17,481,676$1,404,328$282,121$15,190,804
90$19,199,484$1,407,817$226,250$16,659,748
91$21,090,451$1,409,420$166,448$18,276,811
92$23,172,174$1,408,978$102,521$20,057,077
93$25,464,043$1,406,326$34,263$22,017,170
94$27,987,424$1,401,285$0$24,175,410
95$30,765,862$1,393,668$0$26,557,749
96$33,825,296$1,383,274$0$29,186,509
97$37,194,315$1,369,893$0$32,081,120
98$40,904,417$1,353,300$0$35,268,638
99$44,990,312$1,333,256$0$38,778,879
100$49,490,249$1,309,510$0$42,644,698