Can I retire at age 54 with 791,000?

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 $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%13.2%
1 years$65,320$64,738$64,171$63,616$63,075$62,236
2 years$32,337$31,734$31,151$30,585$30,036$29,191
3 years$21,344$20,739$20,157$19,596$19,056$18,233
4 years$15,848$15,245$14,669$14,118$13,591$12,795
5 years$12,552$11,952$11,384$10,844$10,332$9,566
6 years$10,355$9,760$9,200$8,672$8,175$7,440
7 years$8,786$8,196$7,645$7,130$6,648$5,945
8 years$7,610$7,026$6,484$5,981$5,516$4,843
9 years$6,696$6,117$5,584$5,094$4,645$4,003
10 years$5,965$5,392$4,868$4,391$3,958$3,346
11 years$5,368$4,800$4,286$3,822$3,404$2,822
12 years$4,870$4,308$3,804$3,352$2,950$2,397
13 years$4,449$3,894$3,398$2,960$2,572$2,048
14 years$4,089$3,539$3,054$2,627$2,255$1,758
15 years$3,777$3,233$2,757$2,343$1,985$1,515
16 years$3,504$2,966$2,500$2,098$1,755$1,310
17 years$3,264$2,732$2,275$1,885$1,556$1,136
18 years$3,051$2,524$2,076$1,699$1,383$988
19 years$2,860$2,340$1,901$1,535$1,233$861
20 years$2,688$2,174$1,744$1,390$1,101$751
21 years$2,533$2,025$1,605$1,262$986$656
22 years$2,393$1,890$1,479$1,147$883$575
23 years$2,265$1,768$1,365$1,045$793$503
24 years$2,147$1,656$1,263$953$713$442
25 years$2,039$1,554$1,170$870$641$388
26 years$1,940$1,461$1,085$796$578$341
27 years$1,848$1,375$1,007$728$521$299
28 years$1,763$1,296$936$667$470$263
29 years$1,684$1,222$871$612$424$232
30 years$1,610$1,154$812$562$383$204
31 years$1,541$1,091$757$516$347$180
32 years$1,477$1,032$706$474$314$158
33 years$1,417$978$659$436$284$140
34 years$1,360$927$616$401$257$123
35 years$1,307$879$576$369$233$109
36 years$1,256$834$539$340$211$96
37 years$1,209$792$504$313$191$84
38 years$1,164$753$472$289$173$75
39 years$1,122$716$442$266$157$66
40 years$1,081$681$415$246$143$58
41 years$1,043$649$389$227$129$51
42 years$1,007$618$365$209$117$45
43 years$973$588$342$193$106$40
44 years$940$561$321$178$97$35
45 years$909$535$302$165$88$31
46 years$879$510$283$152$80$27
47 years$850$487$266$140$72$24
48 years$823$465$250$130$66$21
49 years$797$444$235$120$60$19
50 years$772$424$221$111$54$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $791,000, adding $2,399 every year, while hoping to spend $37,763 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: 38/42/20 Blend
53$791,000$791,000$791,000$791,000
54$874,157$832,234$819,973$902,052
55$923,141$832,833$807,263$923,019
56$975,856$832,197$792,861$941,920
57$1,032,643$830,224$776,671$961,571
58$1,093,875$826,808$758,592$982,059
59$1,159,964$821,835$738,518$1,003,486
60$1,231,361$815,185$716,339$1,025,965
61$1,308,562$806,732$691,940$1,049,624
62$1,392,114$796,341$665,198$1,074,607
63$1,482,615$783,867$635,988$1,101,076
64$1,580,726$769,160$604,177$1,129,213
65$1,687,170$752,059$569,627$1,159,222
66$1,802,747$732,395$532,195$1,191,334
67$1,928,331$709,987$491,728$1,225,804
68$2,064,889$684,644$448,068$1,262,920
69$2,213,482$656,166$401,053$1,303,005
70$2,375,277$624,338$350,508$1,346,417
71$2,551,560$588,935$296,255$1,393,558
72$2,743,745$549,719$238,105$1,444,878
73$2,953,388$506,437$175,863$1,500,875
74$3,182,204$458,822$109,325$1,562,108
75$3,432,076$406,592$38,275$1,629,198
76$3,705,083$349,450$0$1,702,838
77$4,003,509$287,080$0$1,791,810
78$4,329,870$219,150$0$1,898,196
79$4,686,937$145,309$0$2,014,825
80$5,077,760$65,185$0$2,142,810
81$5,505,699$0$0$2,283,386
82$5,974,454$0$0$2,447,907
83$6,488,097$0$0$2,661,301
84$7,051,116$0$0$2,895,318
85$7,668,451$0$0$3,152,025
86$8,345,546$0$0$3,433,700
87$9,088,393$0$0$3,742,851
88$9,903,597$0$0$4,082,241
89$10,798,430$0$0$4,454,913
90$11,780,902$0$0$4,864,222
91$12,859,839$0$0$5,313,859
92$14,044,962$0$0$5,807,895
93$15,346,981$0$0$6,350,811
94$16,777,692$0$0$6,947,545
95$18,350,094$0$0$7,603,538
96$20,078,504$0$0$8,324,783
97$21,978,699$0$0$9,117,885
98$24,068,057$0$0$9,990,118
99$26,365,727$0$0$10,949,499
100$28,892,805$0$0$12,004,859