Can I retire at age 54 with 787,000?

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 $787,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$64,990$64,411$63,846$63,295$62,756$60,338
2 years$32,173$31,574$30,993$30,430$29,884$27,476
3 years$21,236$20,634$20,055$19,497$18,960$16,638
4 years$15,768$15,168$14,595$14,046$13,522$11,305
5 years$12,488$11,892$11,326$10,789$10,279$8,172
6 years$10,303$9,711$9,153$8,628$8,134$6,138
7 years$8,742$8,155$7,606$7,094$6,615$4,730
8 years$7,572$6,990$6,451$5,951$5,488$3,711
9 years$6,662$6,086$5,556$5,069$4,621$2,951
10 years$5,935$5,365$4,844$4,369$3,938$2,371
11 years$5,341$4,776$4,264$3,803$3,387$1,919
12 years$4,846$4,287$3,785$3,335$2,935$1,563
13 years$4,427$3,874$3,381$2,945$2,559$1,279
14 years$4,068$3,521$3,038$2,614$2,243$1,051
15 years$3,758$3,217$2,743$2,331$1,975$866
16 years$3,487$2,951$2,487$2,087$1,746$716
17 years$3,248$2,718$2,263$1,875$1,548$592
18 years$3,035$2,512$2,066$1,690$1,376$491
19 years$2,845$2,328$1,891$1,527$1,227$408
20 years$2,675$2,163$1,736$1,383$1,096$339
21 years$2,521$2,015$1,596$1,255$981$282
22 years$2,381$1,881$1,471$1,141$879$235
23 years$2,253$1,759$1,359$1,039$789$196
24 years$2,136$1,648$1,256$948$709$163
25 years$2,029$1,547$1,164$866$638$136
26 years$1,930$1,454$1,079$792$575$114
27 years$1,839$1,368$1,002$725$518$95
28 years$1,754$1,289$932$664$468$79
29 years$1,675$1,216$867$609$422$66
30 years$1,602$1,148$808$559$382$55
31 years$1,534$1,086$753$513$345$46
32 years$1,469$1,027$702$472$312$39
33 years$1,409$973$656$434$282$32
34 years$1,353$922$613$399$256$27
35 years$1,300$875$573$367$232$23
36 years$1,250$830$536$338$210$19
37 years$1,203$788$502$312$190$16
38 years$1,158$749$470$287$172$13
39 years$1,116$712$440$265$156$11
40 years$1,076$678$413$244$142$9
41 years$1,038$645$387$225$129$8
42 years$1,002$614$363$208$117$6
43 years$968$585$340$192$106$5
44 years$935$558$320$177$96$4
45 years$904$532$300$164$87$4
46 years$874$508$282$151$79$3
47 years$846$484$265$140$72$3
48 years$819$463$249$129$65$2
49 years$793$442$234$119$59$2
50 years$768$422$220$110$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $787,000, adding $5,251 every year, while hoping to spend $29,790 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: 78/17/5 Blend
53$787,000$787,000$787,000$787,000
54$872,690$830,979$818,781$940,144
55$930,008$840,001$814,514$994,124
56$992,175$848,466$809,105$1,048,879
57$1,059,652$856,317$802,486$1,108,030
58$1,132,949$863,489$794,582$1,172,000
59$1,212,627$869,917$785,318$1,241,253
60$1,299,302$875,530$774,613$1,316,305
61$1,393,652$880,252$762,383$1,397,719
62$1,496,423$884,003$748,541$1,486,118
63$1,608,436$886,697$732,995$1,582,188
64$1,730,595$888,243$715,649$1,686,685
65$1,863,894$888,546$696,402$1,800,441
66$2,009,428$887,501$675,148$1,924,373
67$2,168,402$885,001$651,778$2,059,493
68$2,342,143$880,930$626,176$2,206,915
69$2,532,111$875,165$598,223$2,367,865
70$2,739,915$867,577$567,792$2,543,697
71$2,967,324$858,027$534,751$2,735,902
72$3,216,290$846,369$498,964$2,946,121
73$3,488,959$832,448$460,286$3,176,166
74$3,787,695$816,100$418,568$3,428,033
75$4,115,102$797,151$373,652$3,703,920
76$4,474,048$775,417$325,375$4,006,251
77$4,867,691$750,703$273,566$4,337,699
78$5,299,511$722,803$218,046$4,701,206
79$5,773,339$691,498$158,628$5,100,019
80$6,293,396$656,557$95,118$5,537,714
81$6,864,330$617,737$27,313$6,018,234
82$7,491,264$574,778$0$6,545,924
83$8,179,838$527,407$0$7,127,976
84$8,936,267$475,335$0$7,768,976
85$9,767,398$418,258$0$8,473,297
86$10,680,772$355,853$0$9,247,365
87$11,684,699$287,778$0$10,098,260
88$12,788,333$213,674$0$11,033,787
89$14,001,760$133,161$0$12,062,547
90$15,336,090$45,836$0$13,194,019
91$16,803,565$0$0$14,438,652
92$18,417,674$0$0$15,817,072
93$20,193,276$0$0$17,342,867
94$22,146,745$0$0$19,021,535
95$24,296,121$0$0$20,868,583
96$26,661,281$0$0$22,901,095
97$29,264,127$0$0$25,137,897
98$32,128,790$0$0$27,599,731
99$35,281,860$0$0$30,309,452
100$38,752,635$0$0$33,292,242