Can I retire at age 54 with 789,000?

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 $789,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$65,155$64,575$64,008$63,456$62,916$60,467
2 years$32,255$31,654$31,072$30,508$29,960$27,523
3 years$21,290$20,686$20,106$19,546$19,008$16,659
4 years$15,808$15,207$14,632$14,082$13,557$11,313
5 years$12,520$11,922$11,355$10,816$10,305$8,174
6 years$10,329$9,735$9,176$8,650$8,154$6,136
7 years$8,764$8,176$7,626$7,112$6,632$4,725
8 years$7,591$7,008$6,467$5,966$5,502$3,706
9 years$6,679$6,102$5,570$5,082$4,633$2,945
10 years$5,950$5,378$4,856$4,380$3,948$2,364
11 years$5,354$4,788$4,275$3,812$3,395$1,913
12 years$4,858$4,298$3,794$3,344$2,942$1,557
13 years$4,438$3,884$3,390$2,952$2,566$1,273
14 years$4,079$3,530$3,046$2,621$2,249$1,045
15 years$3,768$3,225$2,750$2,337$1,980$861
16 years$3,496$2,959$2,493$2,093$1,750$711
17 years$3,256$2,725$2,269$1,880$1,552$588
18 years$3,043$2,518$2,071$1,694$1,380$487
19 years$2,853$2,334$1,896$1,531$1,230$404
20 years$2,682$2,169$1,740$1,387$1,098$336
21 years$2,527$2,020$1,600$1,258$983$279
22 years$2,387$1,885$1,475$1,144$881$232
23 years$2,259$1,763$1,362$1,042$791$194
24 years$2,142$1,652$1,260$950$711$161
25 years$2,034$1,551$1,167$868$640$134
26 years$1,935$1,457$1,082$794$576$112
27 years$1,843$1,371$1,005$726$520$94
28 years$1,759$1,292$934$666$469$78
29 years$1,680$1,219$869$610$423$65
30 years$1,606$1,151$810$560$382$54
31 years$1,537$1,088$755$514$346$45
32 years$1,473$1,030$704$473$313$38
33 years$1,413$975$658$435$283$32
34 years$1,356$924$614$400$256$26
35 years$1,303$877$574$368$232$22
36 years$1,253$832$537$339$210$18
37 years$1,206$790$503$312$191$15
38 years$1,161$751$471$288$173$13
39 years$1,119$714$441$266$157$11
40 years$1,079$680$414$245$142$9
41 years$1,041$647$388$226$129$7
42 years$1,005$616$364$209$117$6
43 years$970$587$341$193$106$5
44 years$937$560$320$178$96$4
45 years$906$534$301$164$88$4
46 years$877$509$283$152$79$3
47 years$848$486$265$140$72$3
48 years$821$464$249$129$66$2
49 years$795$443$234$120$60$2
50 years$770$423$220$111$54$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $789,000, adding $6,497 every year, while hoping to spend $21,796 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: 41/48/11 Blend
53$789,000$789,000$789,000$789,000
54$876,180$834,363$822,133$908,995
55$942,359$852,056$826,484$950,363
56$1,014,559$869,885$830,250$992,441
57$1,093,369$887,835$833,388$1,037,495
58$1,179,440$905,886$835,855$1,085,808
59$1,273,489$924,021$837,602$1,137,686
60$1,376,305$942,217$838,581$1,193,471
61$1,488,754$960,452$838,740$1,253,536
62$1,611,793$978,701$838,024$1,318,295
63$1,746,474$996,936$836,376$1,388,204
64$1,893,957$1,015,128$833,737$1,463,764
65$2,055,517$1,033,246$830,044$1,545,530
66$2,232,561$1,051,255$825,231$1,634,112
67$2,426,635$1,069,120$819,229$1,730,182
68$2,639,445$1,086,800$811,966$1,834,483
69$2,872,868$1,104,253$803,367$1,947,835
70$3,128,973$1,121,433$793,352$2,071,138
71$3,410,037$1,138,293$781,838$2,205,389
72$3,718,570$1,154,778$768,739$2,351,684
73$4,057,335$1,170,834$753,963$2,511,235
74$4,429,378$1,186,399$737,416$2,685,376
75$4,838,053$1,201,411$718,997$2,875,579
76$5,287,054$1,215,799$698,603$3,083,467
77$5,780,452$1,229,492$676,125$3,310,830
78$6,322,731$1,242,410$651,448$3,559,641
79$6,918,832$1,254,471$624,454$3,832,078
80$7,574,197$1,265,584$595,018$4,130,541
81$8,294,824$1,275,656$563,009$4,457,677
82$9,087,318$1,284,586$528,292$4,816,404
83$9,958,959$1,292,265$490,725$5,209,941
84$10,917,766$1,298,580$450,158$5,641,837
85$11,972,577$1,303,408$406,436$6,116,006
86$13,133,125$1,306,621$359,397$6,636,763
87$14,410,139$1,308,080$308,872$7,208,866
88$15,815,437$1,307,640$254,684$7,837,562
89$17,362,043$1,305,146$196,647$8,528,636
90$19,064,306$1,300,433$134,569$9,288,467
91$20,938,037$1,293,326$68,249$10,124,087
92$23,000,658$1,283,639$0$11,043,251
93$25,271,364$1,271,177$0$12,054,805
94$27,771,308$1,255,729$0$13,176,446
95$30,523,798$1,237,077$0$14,410,574
96$33,554,516$1,214,984$0$15,768,677
97$36,891,762$1,189,204$0$17,263,414
98$40,566,720$1,159,473$0$18,908,743
99$44,613,752$1,125,513$0$20,720,050
100$49,070,721$1,087,030$0$22,714,293