Can I retire at age 54 with 784,000?

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 $784,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$64,742$64,165$63,603$63,053$62,517$60,227
2 years$32,050$31,454$30,875$30,314$29,770$27,488
3 years$21,155$20,555$19,978$19,423$18,887$16,686
4 years$15,708$15,110$14,539$13,993$13,471$11,366
5 years$12,441$11,847$11,283$10,748$10,240$8,238
6 years$10,263$9,674$9,118$8,595$8,103$6,204
7 years$8,709$8,124$7,577$7,067$6,590$4,795
8 years$7,543$6,964$6,426$5,928$5,467$3,773
9 years$6,637$6,063$5,535$5,049$4,604$3,010
10 years$5,913$5,344$4,825$4,353$3,923$2,425
11 years$5,320$4,758$4,248$3,788$3,374$1,970
12 years$4,827$4,270$3,770$3,323$2,924$1,610
13 years$4,410$3,859$3,368$2,933$2,549$1,322
14 years$4,053$3,508$3,027$2,604$2,235$1,090
15 years$3,744$3,204$2,733$2,322$1,968$901
16 years$3,473$2,940$2,477$2,079$1,739$747
17 years$3,235$2,708$2,254$1,868$1,542$621
18 years$3,024$2,502$2,058$1,684$1,371$517
19 years$2,835$2,319$1,884$1,521$1,222$431
20 years$2,665$2,155$1,729$1,378$1,092$360
21 years$2,511$2,007$1,590$1,250$977$301
22 years$2,372$1,874$1,466$1,137$876$251
23 years$2,244$1,752$1,353$1,035$786$210
24 years$2,128$1,642$1,252$944$706$176
25 years$2,021$1,541$1,159$862$636$147
26 years$1,923$1,448$1,075$789$573$124
27 years$1,832$1,363$998$722$516$104
28 years$1,747$1,284$928$661$466$87
29 years$1,669$1,211$864$606$421$73
30 years$1,596$1,144$805$557$380$61
31 years$1,528$1,082$750$511$344$51
32 years$1,464$1,023$700$470$311$43
33 years$1,404$969$653$432$281$36
34 years$1,348$919$610$397$255$30
35 years$1,295$871$571$366$231$25
36 years$1,245$827$534$337$209$21
37 years$1,198$785$500$311$189$18
38 years$1,154$746$468$286$172$15
39 years$1,112$710$438$264$156$13
40 years$1,072$675$411$243$141$11
41 years$1,034$643$385$225$128$9
42 years$998$612$361$207$116$7
43 years$964$583$339$191$106$6
44 years$932$556$318$177$96$5
45 years$901$530$299$163$87$4
46 years$871$506$281$151$79$4
47 years$843$483$264$139$72$3
48 years$816$461$248$129$65$3
49 years$790$440$233$119$59$2
50 years$765$420$219$110$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $784,000, adding $3,796 every year, while hoping to spend $47,601 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: 47/40/13 Blend
53$784,000$784,000$784,000$784,000
54$867,884$826,332$814,180$905,348
55$905,761$816,175$790,807$921,487
56$945,906$803,925$765,057$933,794
57$988,500$789,429$736,798$946,095
58$1,033,741$772,525$705,896$958,405
59$1,081,846$753,043$672,206$970,745
60$1,133,052$730,799$635,583$983,142
61$1,187,618$705,603$595,869$995,630
62$1,245,828$677,250$552,903$1,008,247
63$1,307,992$645,526$506,516$1,021,044
64$1,374,454$610,202$456,530$1,034,076
65$1,445,585$571,039$402,761$1,047,412
66$1,521,795$527,781$345,015$1,061,132
67$1,603,536$480,160$283,090$1,075,328
68$1,691,299$427,890$216,776$1,090,108
69$1,785,626$370,671$145,853$1,105,598
70$1,887,112$308,186$70,091$1,121,941
71$1,996,410$240,099$0$1,139,303
72$2,114,235$166,055$0$1,159,364
73$2,241,375$85,680$0$1,191,321
74$2,378,695$0$0$1,225,723
75$2,527,147$0$0$1,263,512
76$2,687,773$0$0$1,345,277
77$2,861,724$0$0$1,433,898
78$3,050,261$0$0$1,530,027
79$3,254,773$0$0$1,634,383
80$3,476,787$0$0$1,747,754
81$3,717,982$0$0$1,871,008
82$3,980,206$0$0$2,005,102
83$4,265,491$0$0$2,151,086
84$4,576,074$0$0$2,310,116
85$4,914,413$0$0$2,483,465
86$5,283,219$0$0$2,672,534
87$5,685,469$0$0$2,878,865
88$6,124,446$0$0$3,104,153
89$6,603,758$0$0$3,350,268
90$7,127,380$0$0$3,619,265
91$7,699,689$0$0$3,913,410
92$8,325,500$0$0$4,235,193
93$9,010,118$0$0$4,587,361
94$9,759,382$0$0$4,972,936
95$10,579,724$0$0$5,395,246
96$11,478,225$0$0$5,857,956
97$12,462,682$0$0$6,365,104
98$13,541,686$0$0$6,921,133
99$14,724,693$0$0$7,530,942
100$16,022,123$0$0$8,199,922