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%18.8%
1 years$65,155$64,575$64,008$63,456$62,916$60,684
2 years$32,255$31,654$31,072$30,508$29,960$27,735
3 years$21,290$20,686$20,106$19,546$19,008$16,860
4 years$15,808$15,207$14,632$14,082$13,557$11,502
5 years$12,520$11,922$11,355$10,816$10,305$8,350
6 years$10,329$9,735$9,176$8,650$8,154$6,299
7 years$8,764$8,176$7,626$7,112$6,632$4,876
8 years$7,591$7,008$6,467$5,966$5,502$3,844
9 years$6,679$6,102$5,570$5,082$4,633$3,072
10 years$5,950$5,378$4,856$4,380$3,948$2,480
11 years$5,354$4,788$4,275$3,812$3,395$2,018
12 years$4,858$4,298$3,794$3,344$2,942$1,653
13 years$4,438$3,884$3,390$2,952$2,566$1,360
14 years$4,079$3,530$3,046$2,621$2,249$1,124
15 years$3,768$3,225$2,750$2,337$1,980$931
16 years$3,496$2,959$2,493$2,093$1,750$774
17 years$3,256$2,725$2,269$1,880$1,552$644
18 years$3,043$2,518$2,071$1,694$1,380$538
19 years$2,853$2,334$1,896$1,531$1,230$449
20 years$2,682$2,169$1,740$1,387$1,098$376
21 years$2,527$2,020$1,600$1,258$983$315
22 years$2,387$1,885$1,475$1,144$881$264
23 years$2,259$1,763$1,362$1,042$791$221
24 years$2,142$1,652$1,260$950$711$186
25 years$2,034$1,551$1,167$868$640$156
26 years$1,935$1,457$1,082$794$576$131
27 years$1,843$1,371$1,005$726$520$110
28 years$1,759$1,292$934$666$469$92
29 years$1,680$1,219$869$610$423$78
30 years$1,606$1,151$810$560$382$65
31 years$1,537$1,088$755$514$346$55
32 years$1,473$1,030$704$473$313$46
33 years$1,413$975$658$435$283$39
34 years$1,356$924$614$400$256$33
35 years$1,303$877$574$368$232$28
36 years$1,253$832$537$339$210$23
37 years$1,206$790$503$312$191$19
38 years$1,161$751$471$288$173$16
39 years$1,119$714$441$266$157$14
40 years$1,079$680$414$245$142$12
41 years$1,041$647$388$226$129$10
42 years$1,005$616$364$209$117$8
43 years$970$587$341$193$106$7
44 years$937$560$320$178$96$6
45 years$906$534$301$164$88$5
46 years$877$509$283$152$79$4
47 years$848$486$265$140$72$3
48 years$821$464$249$129$66$3
49 years$795$443$234$120$60$2
50 years$770$423$220$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $789,000, adding $2,974 every year, while hoping to spend $29,463 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: 45/50/5 Blend
53$789,000$789,000$789,000$789,000
54$872,546$830,729$818,499$910,487
55$930,197$840,086$814,570$946,262
56$992,741$848,914$809,523$981,719
57$1,060,646$857,157$803,287$1,019,467
58$1,134,427$864,752$795,792$1,059,727
59$1,214,650$871,636$786,962$1,102,742
60$1,301,937$877,740$776,719$1,148,780
61$1,396,975$882,989$764,979$1,198,139
62$1,500,517$887,306$751,657$1,251,148
63$1,613,394$890,608$736,661$1,308,168
64$1,736,518$892,806$719,897$1,369,603
65$1,870,896$893,806$701,266$1,435,897
66$2,017,633$893,509$680,665$1,507,541
67$2,177,949$891,808$657,985$1,585,078
68$2,353,184$888,591$633,112$1,669,108
69$2,544,816$883,739$605,928$1,760,295
70$2,754,470$877,125$576,309$1,859,372
71$2,983,935$868,614$544,125$1,967,150
72$3,235,185$858,064$509,241$2,084,526
73$3,510,389$845,324$471,516$2,212,488
74$3,811,938$830,234$430,801$2,352,132
75$4,142,465$812,625$386,942$2,504,666
76$4,504,869$792,316$339,778$2,671,426
77$4,902,345$769,119$289,139$2,853,887
78$5,338,409$742,831$234,851$3,053,679
79$5,816,937$713,240$176,728$3,272,602
80$6,342,196$680,120$114,580$3,512,645
81$6,918,887$643,233$48,206$3,776,004
82$7,552,190$602,327$0$4,065,104
83$8,247,807$557,136$0$4,383,829
84$9,012,025$507,376$0$4,736,754
85$9,851,765$452,752$0$5,124,580
86$10,774,655$392,946$0$5,550,924
87$11,789,097$327,628$0$6,019,779
88$12,904,348$256,445$0$6,535,551
89$14,130,606$179,026$0$7,103,102
90$15,479,109$94,979$0$7,727,800
91$16,962,235$3,889$0$8,415,565
92$18,593,623$0$0$9,172,933
93$20,388,303$0$0$10,059,207
94$22,362,831$0$0$11,036,758
95$24,535,451$0$0$12,112,491
96$26,926,264$0$0$13,296,374
97$29,557,418$0$0$14,599,388
98$32,453,317$0$0$16,033,633
99$35,640,850$0$0$17,612,442
100$39,149,647$0$0$19,350,506