Can I retire at age 54 with 785,000?

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 $785,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$64,825$64,247$63,684$63,134$62,597$61,560
2 years$32,091$31,494$30,914$30,353$29,808$28,766
3 years$21,182$20,581$20,004$19,447$18,911$17,897
4 years$15,728$15,130$14,558$14,011$13,488$12,509
5 years$12,457$11,862$11,297$10,762$10,253$9,313
6 years$10,276$9,686$9,130$8,606$8,113$7,212
7 years$8,720$8,134$7,587$7,076$6,598$5,737
8 years$7,553$6,973$6,434$5,936$5,474$4,652
9 years$6,646$6,071$5,542$5,056$4,610$3,827
10 years$5,920$5,351$4,832$4,358$3,928$3,183
11 years$5,327$4,764$4,254$3,793$3,378$2,671
12 years$4,833$4,276$3,775$3,327$2,927$2,257
13 years$4,416$3,864$3,373$2,937$2,553$1,918
14 years$4,058$3,512$3,030$2,607$2,238$1,638
15 years$3,749$3,209$2,736$2,325$1,970$1,404
16 years$3,478$2,944$2,481$2,082$1,741$1,208
17 years$3,239$2,711$2,257$1,871$1,544$1,041
18 years$3,027$2,505$2,061$1,686$1,373$900
19 years$2,838$2,322$1,886$1,523$1,224$780
20 years$2,668$2,158$1,731$1,380$1,093$676
21 years$2,514$2,010$1,592$1,252$978$588
22 years$2,375$1,876$1,468$1,138$877$511
23 years$2,247$1,755$1,355$1,037$787$445
24 years$2,131$1,644$1,253$946$707$388
25 years$2,024$1,543$1,161$864$636$338
26 years$1,925$1,450$1,077$790$573$295
27 years$1,834$1,365$1,000$723$517$258
28 years$1,750$1,286$929$662$466$226
29 years$1,671$1,213$865$607$421$197
30 years$1,598$1,146$806$557$381$173
31 years$1,530$1,083$751$512$344$151
32 years$1,466$1,025$701$470$311$132
33 years$1,406$970$654$433$282$116
34 years$1,350$920$611$398$255$101
35 years$1,297$872$571$366$231$89
36 years$1,247$828$535$337$209$78
37 years$1,200$786$500$311$190$68
38 years$1,155$747$469$287$172$60
39 years$1,113$711$439$264$156$52
40 years$1,073$676$411$244$141$46
41 years$1,035$644$386$225$128$40
42 years$999$613$362$208$116$35
43 years$965$584$340$192$106$31
44 years$933$557$319$177$96$27
45 years$902$531$299$163$87$24
46 years$872$506$281$151$79$21
47 years$844$483$264$139$72$18
48 years$817$461$248$129$65$16
49 years$791$441$233$119$59$14
50 years$766$421$219$110$54$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $785,000, adding $3,111 every year, while hoping to spend $20,897 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: 65/25/10 Blend
53$785,000$785,000$785,000$785,000
54$868,279$826,674$814,506$922,660
55$934,609$844,947$819,558$977,570
56$1,007,005$863,415$824,079$1,034,795
57$1,086,062$882,065$828,028$1,096,782
58$1,172,438$900,884$831,365$1,163,994
59$1,266,856$919,856$834,045$1,236,941
60$1,370,111$938,965$836,022$1,316,184
61$1,483,081$958,193$837,247$1,402,340
62$1,606,730$977,519$837,669$1,496,091
63$1,742,121$996,922$837,235$1,598,186
64$1,890,424$1,016,378$835,890$1,709,453
65$2,052,929$1,035,861$833,573$1,830,800
66$2,231,053$1,055,345$830,224$1,963,233
67$2,426,362$1,074,797$825,777$2,107,855
68$2,640,575$1,094,187$820,165$2,265,884
69$2,875,590$1,113,479$813,317$2,438,663
70$3,133,496$1,132,635$805,159$2,627,669
71$3,416,592$1,151,614$795,612$2,834,533
72$3,727,415$1,170,372$784,594$3,061,050
73$4,068,754$1,188,864$772,021$3,309,199
74$4,443,686$1,207,037$757,803$3,581,159
75$4,855,598$1,224,838$741,846$3,879,335
76$5,308,224$1,242,210$724,052$4,206,374
77$5,805,673$1,259,089$704,319$4,565,194
78$6,352,477$1,275,409$682,538$4,959,012
79$6,953,626$1,291,100$658,599$5,391,373
80$7,614,617$1,306,086$632,384$5,866,182
81$8,341,509$1,320,285$603,770$6,387,746
82$9,140,975$1,333,611$572,628$6,960,808
83$10,020,368$1,345,972$538,825$7,590,598
84$10,987,791$1,357,269$502,221$8,282,879
85$12,052,169$1,367,399$462,668$9,044,003
86$13,223,337$1,376,249$420,015$9,880,969
87$14,512,134$1,383,701$374,101$10,801,493
88$15,930,497$1,389,628$324,760$11,814,077
89$17,491,585$1,393,897$271,817$12,928,091
90$19,209,894$1,396,365$215,089$14,153,865
91$21,101,396$1,396,880$154,388$15,502,779
92$23,183,692$1,395,281$89,513$16,987,379
93$25,476,176$1,391,397$20,260$18,621,490
94$28,000,217$1,385,047$0$20,420,350
95$30,779,363$1,376,038$0$22,406,475
96$33,839,561$1,364,166$0$24,595,329
97$37,209,400$1,349,215$0$27,005,170
98$40,920,387$1,330,954$0$29,658,506
99$45,007,236$1,309,141$0$32,580,139
100$49,508,203$1,283,518$0$35,797,403