Can I retire at age 54 with 790,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$65,237$64,656$64,089$63,536$62,996$61,299
2 years$32,296$31,694$31,111$30,546$29,998$28,300
3 years$21,317$20,713$20,131$19,571$19,032$17,387
4 years$15,828$15,226$14,650$14,100$13,574$11,994
5 years$12,536$11,937$11,369$10,830$10,319$8,808
6 years$10,342$9,748$9,188$8,661$8,165$6,725
7 years$8,775$8,186$7,635$7,121$6,640$5,272
8 years$7,601$7,017$6,475$5,973$5,509$4,211
9 years$6,688$6,110$5,577$5,088$4,639$3,410
10 years$5,958$5,385$4,862$4,386$3,953$2,792
11 years$5,361$4,794$4,281$3,817$3,399$2,304
12 years$4,864$4,303$3,799$3,348$2,946$1,914
13 years$4,444$3,889$3,394$2,956$2,569$1,599
14 years$4,084$3,535$3,050$2,624$2,252$1,341
15 years$3,772$3,229$2,753$2,340$1,983$1,129
16 years$3,500$2,963$2,496$2,095$1,752$953
17 years$3,260$2,728$2,272$1,883$1,554$807
18 years$3,047$2,521$2,074$1,697$1,382$684
19 years$2,856$2,337$1,898$1,533$1,231$581
20 years$2,685$2,171$1,742$1,388$1,100$495
21 years$2,530$2,022$1,603$1,260$984$421
22 years$2,390$1,888$1,477$1,146$882$359
23 years$2,262$1,766$1,364$1,043$792$306
24 years$2,144$1,654$1,261$952$712$262
25 years$2,037$1,553$1,168$869$641$224
26 years$1,938$1,459$1,083$795$577$191
27 years$1,846$1,373$1,006$727$520$164
28 years$1,761$1,294$935$666$469$140
29 years$1,682$1,221$870$611$424$120
30 years$1,608$1,153$811$561$383$103
31 years$1,539$1,090$756$515$346$88
32 years$1,475$1,031$705$473$313$75
33 years$1,415$977$658$435$283$64
34 years$1,358$926$615$401$257$55
35 years$1,305$878$575$369$232$47
36 years$1,255$833$538$340$211$41
37 years$1,207$791$504$313$191$35
38 years$1,163$752$472$288$173$30
39 years$1,120$715$442$266$157$26
40 years$1,080$680$414$245$142$22
41 years$1,042$648$388$226$129$19
42 years$1,006$617$364$209$117$16
43 years$971$588$342$193$106$14
44 years$939$560$321$178$97$12
45 years$907$534$301$164$88$10
46 years$878$510$283$152$80$9
47 years$849$486$266$140$72$7
48 years$822$464$250$130$66$6
49 years$796$443$235$120$60$5
50 years$771$424$221$111$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $790,000, adding $2,362 every year, while hoping to spend $59,820 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: 54/25/21 Blend
53$790,000$790,000$790,000$790,000
54$873,016$831,146$818,901$915,032
55$898,416$808,225$782,687$921,190
56$924,402$782,175$743,254$921,413
57$950,970$752,780$700,432$920,374
58$978,114$719,812$654,042$917,972
59$1,005,827$683,028$603,898$914,097
60$1,034,097$642,172$549,804$908,634
61$1,062,910$596,973$491,557$901,459
62$1,092,246$547,145$428,943$892,439
63$1,122,083$492,383$361,742$881,434
64$1,152,395$432,369$289,719$868,292
65$1,183,148$366,763$212,633$852,854
66$1,214,303$295,209$130,231$834,948
67$1,245,817$217,329$42,248$814,392
68$1,277,636$132,724$0$790,989
69$1,309,700$40,972$0$776,103
70$1,341,939$0$0$768,794
71$1,374,275$0$0$775,472
72$1,406,615$0$0$793,384
73$1,438,857$0$0$811,195
74$1,470,885$0$0$828,835
75$1,502,565$0$0$846,224
76$1,533,748$0$0$863,271
77$1,564,266$0$0$879,874
78$1,593,931$0$0$895,921
79$1,622,530$0$0$911,283
80$1,649,826$0$0$925,817
81$1,675,552$0$0$939,364
82$1,699,412$0$0$951,744
83$1,721,074$0$0$962,759
84$1,740,167$0$0$972,186
85$1,756,280$0$0$979,779
86$1,768,952$0$0$985,262
87$1,777,673$0$0$988,328
88$1,781,875$0$0$988,639
89$1,780,926$0$0$985,815
90$1,774,126$0$0$979,437
91$1,760,695$0$0$969,041
92$1,739,771$0$0$954,111
93$1,710,397$0$0$934,073
94$1,671,511$0$0$908,295
95$1,621,938$0$0$876,074
96$1,560,377$0$0$836,633
97$1,485,387$0$0$789,112
98$1,395,371$0$0$732,559
99$1,288,566$0$0$665,921
100$1,163,020$0$0$588,033