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%18%
1 years$65,320$64,738$64,171$63,616$63,075$61,032
2 years$32,337$31,734$31,151$30,585$30,036$27,996
3 years$21,344$20,739$20,157$19,596$19,056$17,084
4 years$15,848$15,245$14,669$14,118$13,591$11,702
5 years$12,552$11,952$11,384$10,844$10,332$8,531
6 years$10,355$9,760$9,200$8,672$8,175$6,464
7 years$8,786$8,196$7,645$7,130$6,648$5,027
8 years$7,610$7,026$6,484$5,981$5,516$3,982
9 years$6,696$6,117$5,584$5,094$4,645$3,198
10 years$5,965$5,392$4,868$4,391$3,958$2,595
11 years$5,368$4,800$4,286$3,822$3,404$2,122
12 years$4,870$4,308$3,804$3,352$2,950$1,747
13 years$4,449$3,894$3,398$2,960$2,572$1,446
14 years$4,089$3,539$3,054$2,627$2,255$1,201
15 years$3,777$3,233$2,757$2,343$1,985$1,001
16 years$3,504$2,966$2,500$2,098$1,755$837
17 years$3,264$2,732$2,275$1,885$1,556$701
18 years$3,051$2,524$2,076$1,699$1,383$588
19 years$2,860$2,340$1,901$1,535$1,233$495
20 years$2,688$2,174$1,744$1,390$1,101$416
21 years$2,533$2,025$1,605$1,262$986$351
22 years$2,393$1,890$1,479$1,147$883$296
23 years$2,265$1,768$1,365$1,045$793$250
24 years$2,147$1,656$1,263$953$713$211
25 years$2,039$1,554$1,170$870$641$178
26 years$1,940$1,461$1,085$796$578$151
27 years$1,848$1,375$1,007$728$521$127
28 years$1,763$1,296$936$667$470$108
29 years$1,684$1,222$871$612$424$91
30 years$1,610$1,154$812$562$383$77
31 years$1,541$1,091$757$516$347$65
32 years$1,477$1,032$706$474$314$55
33 years$1,417$978$659$436$284$47
34 years$1,360$927$616$401$257$40
35 years$1,307$879$576$369$233$34
36 years$1,256$834$539$340$211$28
37 years$1,209$792$504$313$191$24
38 years$1,164$753$472$289$173$20
39 years$1,122$716$442$266$157$17
40 years$1,081$681$415$246$143$15
41 years$1,043$649$389$227$129$12
42 years$1,007$618$365$209$117$11
43 years$973$588$342$193$106$9
44 years$940$561$321$178$97$8
45 years$909$535$302$165$88$6
46 years$879$510$283$152$80$5
47 years$850$487$266$140$72$5
48 years$823$465$250$130$66$4
49 years$797$444$235$120$60$3
50 years$772$424$221$111$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $791,000, adding $3,094 every year, while hoping to spend $41,970 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: 52/29/19 Blend
53$791,000$791,000$791,000$791,000
54$874,873$832,950$820,690$915,649
55$919,455$829,109$803,527$940,180
56$967,177$823,673$784,383$962,217
57$1,018,315$816,520$763,147$985,282
58$1,073,174$807,519$739,702$1,009,486
59$1,132,083$796,534$713,928$1,034,955
60$1,195,410$783,418$685,698$1,061,827
61$1,263,552$768,016$654,880$1,090,260
62$1,336,952$750,166$621,336$1,120,428
63$1,416,090$729,693$584,919$1,152,527
64$1,501,497$706,414$545,480$1,186,775
65$1,593,756$680,135$502,861$1,223,417
66$1,693,508$650,650$456,895$1,262,724
67$1,801,456$617,742$407,411$1,305,000
68$1,918,373$581,180$354,228$1,350,583
69$2,045,111$540,722$297,159$1,399,850
70$2,182,605$496,110$236,006$1,453,220
71$2,331,883$447,072$170,565$1,511,159
72$2,494,078$393,320$100,621$1,574,186
73$2,670,432$334,552$25,950$1,642,879
74$2,862,317$270,446$0$1,717,879
75$3,071,238$200,662$0$1,810,793
76$3,298,854$124,844$0$1,917,840
77$3,546,988$42,613$0$2,034,684
78$3,817,649$0$0$2,162,354
79$4,113,047$0$0$2,316,805
80$4,435,614$0$0$2,500,385
81$4,788,029$0$0$2,701,028
82$5,173,239$0$0$2,920,424
83$5,594,491$0$0$3,160,431
84$6,055,359$0$0$3,423,095
85$6,559,778$0$0$3,710,671
86$7,112,080$0$0$4,025,640
87$7,717,038$0$0$4,370,734
88$8,379,908$0$0$4,748,964
89$9,106,475$0$0$5,163,645
90$9,903,114$0$0$5,618,427
91$10,776,846$0$0$6,117,332
92$11,735,402$0$0$6,664,789
93$12,787,299$0$0$7,265,676
94$13,941,919$0$0$7,925,368
95$15,209,595$0$0$8,649,784
96$16,601,710$0$0$9,445,445
97$18,130,805$0$0$10,319,535
98$19,810,692$0$0$11,279,968
99$21,656,589$0$0$12,335,462
100$23,685,263$0$0$13,495,623