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%16.7%
1 years$65,320$64,738$64,171$63,616$63,075$61,352
2 years$32,337$31,734$31,151$30,585$30,036$28,312
3 years$21,344$20,739$20,157$19,596$19,056$17,386
4 years$15,848$15,245$14,669$14,118$13,591$11,987
5 years$12,552$11,952$11,384$10,844$10,332$8,799
6 years$10,355$9,760$9,200$8,672$8,175$6,714
7 years$8,786$8,196$7,645$7,130$6,648$5,260
8 years$7,610$7,026$6,484$5,981$5,516$4,199
9 years$6,696$6,117$5,584$5,094$4,645$3,399
10 years$5,965$5,392$4,868$4,391$3,958$2,780
11 years$5,368$4,800$4,286$3,822$3,404$2,293
12 years$4,870$4,308$3,804$3,352$2,950$1,904
13 years$4,449$3,894$3,398$2,960$2,572$1,589
14 years$4,089$3,539$3,054$2,627$2,255$1,332
15 years$3,777$3,233$2,757$2,343$1,985$1,121
16 years$3,504$2,966$2,500$2,098$1,755$946
17 years$3,264$2,732$2,275$1,885$1,556$800
18 years$3,051$2,524$2,076$1,699$1,383$678
19 years$2,860$2,340$1,901$1,535$1,233$575
20 years$2,688$2,174$1,744$1,390$1,101$489
21 years$2,533$2,025$1,605$1,262$986$416
22 years$2,393$1,890$1,479$1,147$883$355
23 years$2,265$1,768$1,365$1,045$793$302
24 years$2,147$1,656$1,263$953$713$258
25 years$2,039$1,554$1,170$870$641$220
26 years$1,940$1,461$1,085$796$578$188
27 years$1,848$1,375$1,007$728$521$161
28 years$1,763$1,296$936$667$470$138
29 years$1,684$1,222$871$612$424$118
30 years$1,610$1,154$812$562$383$101
31 years$1,541$1,091$757$516$347$86
32 years$1,477$1,032$706$474$314$74
33 years$1,417$978$659$436$284$63
34 years$1,360$927$616$401$257$54
35 years$1,307$879$576$369$233$46
36 years$1,256$834$539$340$211$40
37 years$1,209$792$504$313$191$34
38 years$1,164$753$472$289$173$29
39 years$1,122$716$442$266$157$25
40 years$1,081$681$415$246$143$21
41 years$1,043$649$389$227$129$18
42 years$1,007$618$365$209$117$16
43 years$973$588$342$193$106$13
44 years$940$561$321$178$97$11
45 years$909$535$302$165$88$10
46 years$879$510$283$152$80$8
47 years$850$487$266$140$72$7
48 years$823$465$250$130$66$6
49 years$797$444$235$120$60$5
50 years$772$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 $791,000, adding $4,643 every year, while hoping to spend $32,182 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: 72/17/11 Blend
53$791,000$791,000$791,000$791,000
54$876,471$834,548$822,288$937,325
55$931,630$841,200$815,593$984,850
56$991,336$847,099$807,595$1,032,459
57$1,056,020$852,174$798,217$1,083,715
58$1,126,154$856,350$787,377$1,138,973
59$1,202,257$859,547$774,990$1,198,620
60$1,284,903$861,680$760,968$1,263,084
61$1,374,718$862,658$745,215$1,332,838
62$1,472,396$862,384$727,636$1,408,403
63$1,578,696$860,757$708,128$1,490,353
64$1,694,457$857,668$686,584$1,579,320
65$1,820,599$853,001$662,893$1,676,003
66$1,958,137$846,636$636,937$1,781,171
67$2,108,187$838,441$608,594$1,895,673
68$2,271,977$828,279$577,737$2,020,444
69$2,450,860$816,006$544,232$2,156,517
70$2,646,323$801,466$507,939$2,305,029
71$2,860,006$784,496$468,713$2,467,234
72$3,093,714$764,923$426,402$2,644,518
73$3,349,432$742,563$380,846$2,838,404
74$3,629,348$717,223$331,878$3,050,576
75$3,935,871$688,696$279,326$3,282,889
76$4,271,654$656,767$223,007$3,537,387
77$4,639,618$621,204$162,734$3,816,327
78$5,042,981$581,764$98,307$4,122,196
79$5,485,285$538,191$29,520$4,457,736
80$5,970,434$490,212$0$4,825,970
81$6,502,726$437,540$0$5,235,384
82$7,086,896$379,872$0$5,688,536
83$7,728,159$316,885$0$6,186,037
84$8,432,261$248,242$0$6,732,386
85$9,205,530$173,585$0$7,332,540
86$10,054,937$92,534$0$7,991,963
87$10,988,163$4,690$0$8,716,677
88$12,013,669$0$0$9,513,320
89$13,140,774$0$0$10,406,113
90$14,379,747$0$0$11,388,525
91$15,741,903$0$0$12,468,653
92$17,239,704$0$0$13,656,388
93$18,886,882$0$0$14,962,624
94$20,698,568$0$0$16,399,364
95$22,691,431$0$0$17,979,834
96$24,883,836$0$0$19,718,605
97$27,296,019$0$0$21,631,734
98$29,950,277$0$0$23,736,909
99$32,871,177$0$0$26,053,622
100$36,085,787$0$0$28,603,349