Can I retire at age 54 with 791,000?

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 $791,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$65,320$64,738$64,171$63,616$63,075$61,980
2 years$32,337$31,734$31,151$30,585$30,036$28,935
3 years$21,344$20,739$20,157$19,596$19,056$17,985
4 years$15,848$15,245$14,669$14,118$13,591$12,558
5 years$12,552$11,952$11,384$10,844$10,332$9,339
6 years$10,355$9,760$9,200$8,672$8,175$7,225
7 years$8,786$8,196$7,645$7,130$6,648$5,740
8 years$7,610$7,026$6,484$5,981$5,516$4,650
9 years$6,696$6,117$5,584$5,094$4,645$3,820
10 years$5,965$5,392$4,868$4,391$3,958$3,174
11 years$5,368$4,800$4,286$3,822$3,404$2,660
12 years$4,870$4,308$3,804$3,352$2,950$2,245
13 years$4,449$3,894$3,398$2,960$2,572$1,905
14 years$4,089$3,539$3,054$2,627$2,255$1,625
15 years$3,777$3,233$2,757$2,343$1,985$1,391
16 years$3,504$2,966$2,500$2,098$1,755$1,194
17 years$3,264$2,732$2,275$1,885$1,556$1,029
18 years$3,051$2,524$2,076$1,699$1,383$888
19 years$2,860$2,340$1,901$1,535$1,233$768
20 years$2,688$2,174$1,744$1,390$1,101$665
21 years$2,533$2,025$1,605$1,262$986$577
22 years$2,393$1,890$1,479$1,147$883$501
23 years$2,265$1,768$1,365$1,045$793$436
24 years$2,147$1,656$1,263$953$713$379
25 years$2,039$1,554$1,170$870$641$330
26 years$1,940$1,461$1,085$796$578$288
27 years$1,848$1,375$1,007$728$521$251
28 years$1,763$1,296$936$667$470$219
29 years$1,684$1,222$871$612$424$191
30 years$1,610$1,154$812$562$383$167
31 years$1,541$1,091$757$516$347$146
32 years$1,477$1,032$706$474$314$127
33 years$1,417$978$659$436$284$111
34 years$1,360$927$616$401$257$97
35 years$1,307$879$576$369$233$85
36 years$1,256$834$539$340$211$75
37 years$1,209$792$504$313$191$65
38 years$1,164$753$472$289$173$57
39 years$1,122$716$442$266$157$50
40 years$1,081$681$415$246$143$44
41 years$1,043$649$389$227$129$38
42 years$1,007$618$365$209$117$33
43 years$973$588$342$193$106$29
44 years$940$561$321$178$97$26
45 years$909$535$302$165$88$22
46 years$879$510$283$152$80$20
47 years$850$487$266$140$72$17
48 years$823$465$250$130$66$15
49 years$797$444$235$120$60$13
50 years$772$424$221$111$54$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $791,000, adding $6,650 every year, while hoping to spend $50,181 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: 49/40/11 Blend
53$791,000$791,000$791,000$791,000
54$878,541$836,618$824,358$918,655
55$914,761$824,221$798,582$934,494
56$952,992$809,533$770,260$945,879
57$993,388$792,392$739,255$957,102
58$1,036,116$772,620$705,422$968,162
59$1,081,355$750,035$668,609$979,064
60$1,129,305$724,438$628,659$989,814
61$1,180,182$695,623$585,407$1,000,422
62$1,234,223$663,371$538,680$1,010,906
63$1,291,686$627,448$488,299$1,021,287
64$1,352,855$587,610$434,073$1,031,595
65$1,418,039$543,597$375,808$1,041,864
66$1,487,579$495,133$313,298$1,052,140
67$1,561,847$441,929$246,328$1,062,479
68$1,641,250$383,678$174,674$1,072,945
69$1,726,234$320,055$98,103$1,083,619
70$1,817,291$250,719$16,371$1,094,593
71$1,914,958$175,307$0$1,105,976
72$2,019,824$93,438$0$1,126,215
73$2,132,537$4,707$0$1,149,731
74$2,253,807$0$0$1,174,806
75$2,384,415$0$0$1,241,866
76$2,525,218$0$0$1,316,458
77$2,677,157$0$0$1,397,018
78$2,841,267$0$0$1,484,103
79$3,018,683$0$0$1,578,325
80$3,210,655$0$0$1,680,358
81$3,418,557$0$0$1,790,941
82$3,643,897$0$0$1,910,887
83$3,888,337$0$0$2,041,092
84$4,153,701$0$0$2,182,540
85$4,441,999$0$0$2,336,313
86$4,755,438$0$0$2,503,602
87$5,096,449$0$0$2,685,718
88$5,467,706$0$0$2,884,102
89$5,872,151$0$0$3,100,341
90$6,313,022$0$0$3,336,182
91$6,793,882$0$0$3,593,546
92$7,318,653$0$0$3,874,548
93$7,891,652$0$0$4,181,519
94$8,517,631$0$0$4,517,021
95$9,201,823$0$0$4,883,878
96$9,949,987$0$0$5,285,196
97$10,768,466$0$0$5,724,399
98$11,664,242$0$0$6,205,254
99$12,645,006$0$0$6,731,911
100$13,719,224$0$0$7,308,939