Can I retire at age 54 with 790,000?

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 $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%19.9%
1 years$65,237$64,656$64,089$63,536$62,996$60,496
2 years$32,296$31,694$31,111$30,546$29,998$27,511
3 years$21,317$20,713$20,131$19,571$19,032$16,635
4 years$15,828$15,226$14,650$14,100$13,574$11,286
5 years$12,536$11,937$11,369$10,830$10,319$8,145
6 years$10,342$9,748$9,188$8,661$8,165$6,108
7 years$8,775$8,186$7,635$7,121$6,640$4,698
8 years$7,601$7,017$6,475$5,973$5,509$3,680
9 years$6,688$6,110$5,577$5,088$4,639$2,921
10 years$5,958$5,385$4,862$4,386$3,953$2,342
11 years$5,361$4,794$4,281$3,817$3,399$1,892
12 years$4,864$4,303$3,799$3,348$2,946$1,538
13 years$4,444$3,889$3,394$2,956$2,569$1,256
14 years$4,084$3,535$3,050$2,624$2,252$1,030
15 years$3,772$3,229$2,753$2,340$1,983$847
16 years$3,500$2,963$2,496$2,095$1,752$698
17 years$3,260$2,728$2,272$1,883$1,554$577
18 years$3,047$2,521$2,074$1,697$1,382$477
19 years$2,856$2,337$1,898$1,533$1,231$395
20 years$2,685$2,171$1,742$1,388$1,100$328
21 years$2,530$2,022$1,603$1,260$984$272
22 years$2,390$1,888$1,477$1,146$882$226
23 years$2,262$1,766$1,364$1,043$792$188
24 years$2,144$1,654$1,261$952$712$157
25 years$2,037$1,553$1,168$869$641$130
26 years$1,938$1,459$1,083$795$577$108
27 years$1,846$1,373$1,006$727$520$90
28 years$1,761$1,294$935$666$469$75
29 years$1,682$1,221$870$611$424$63
30 years$1,608$1,153$811$561$383$52
31 years$1,539$1,090$756$515$346$44
32 years$1,475$1,031$705$473$313$36
33 years$1,415$977$658$435$283$30
34 years$1,358$926$615$401$257$25
35 years$1,305$878$575$369$232$21
36 years$1,255$833$538$340$211$18
37 years$1,207$791$504$313$191$15
38 years$1,163$752$472$288$173$12
39 years$1,120$715$442$266$157$10
40 years$1,080$680$414$245$142$8
41 years$1,042$648$388$226$129$7
42 years$1,006$617$364$209$117$6
43 years$971$588$342$193$106$5
44 years$939$560$321$178$97$4
45 years$907$534$301$164$88$3
46 years$878$510$283$152$80$3
47 years$849$486$266$140$72$2
48 years$822$464$250$130$66$2
49 years$796$443$235$120$60$2
50 years$771$424$221$111$54$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $790,000, adding $6,812 every year, while hoping to spend $56,184 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: 48/36/16 Blend
53$790,000$790,000$790,000$790,000
54$877,607$835,737$823,492$915,493
55$907,343$816,908$791,299$923,596
56$938,230$795,274$756,145$926,087
57$970,324$770,638$717,871$927,571
58$1,003,689$742,791$676,312$927,975
59$1,038,391$711,513$631,293$927,223
60$1,074,500$676,570$582,635$925,235
61$1,112,093$637,717$530,148$921,927
62$1,151,253$594,691$473,634$917,210
63$1,192,067$547,217$412,887$910,995
64$1,234,631$495,004$347,692$903,185
65$1,279,047$437,743$277,823$893,681
66$1,325,426$375,109$203,047$882,380
67$1,373,887$306,757$123,116$869,175
68$1,424,559$232,323$37,776$853,954
69$1,477,581$151,424$0$836,602
70$1,533,105$63,654$0$826,099
71$1,591,294$0$0$820,697
72$1,652,325$0$0$826,306
73$1,716,390$0$0$858,692
74$1,783,700$0$0$892,746
75$1,854,481$0$0$928,587
76$1,928,979$0$0$966,344
77$2,007,465$0$0$1,006,159
78$2,090,231$0$0$1,048,184
79$2,177,597$0$0$1,092,587
80$2,269,909$0$0$1,139,549
81$2,367,549$0$0$1,189,271
82$2,470,931$0$0$1,241,969
83$2,580,507$0$0$1,297,881
84$2,696,772$0$0$1,357,267
85$2,820,268$0$0$1,420,411
86$2,951,585$0$0$1,487,624
87$3,091,372$0$0$1,559,245
88$3,240,337$0$0$1,635,649
89$3,399,256$0$0$1,717,243
90$3,568,980$0$0$1,804,474
91$3,750,440$0$0$1,897,832
92$3,944,658$0$0$1,997,857
93$4,152,754$0$0$2,105,137
94$4,375,956$0$0$2,220,320
95$4,615,613$0$0$2,344,115
96$4,873,205$0$0$2,477,304
97$5,150,355$0$0$2,620,742
98$5,448,846$0$0$2,775,369
99$5,770,639$0$0$2,942,218
100$6,117,883$0$0$3,122,425