Can I retire at age 54 with 792,000?

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 $792,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$65,403$64,820$64,252$63,697$63,155$61,281
2 years$32,378$31,775$31,190$30,624$30,074$28,201
3 years$21,371$20,765$20,182$19,621$19,080$17,267
4 years$15,868$15,264$14,687$14,136$13,608$11,869
5 years$12,568$11,968$11,398$10,858$10,345$8,685
6 years$10,368$9,772$9,211$8,683$8,185$6,606
7 years$8,797$8,207$7,655$7,139$6,657$5,158
8 years$7,620$7,035$6,492$5,988$5,523$4,103
9 years$6,705$6,125$5,591$5,101$4,651$3,309
10 years$5,973$5,399$4,875$4,397$3,963$2,697
11 years$5,375$4,806$4,292$3,827$3,408$2,216
12 years$4,876$4,314$3,809$3,357$2,953$1,832
13 years$4,455$3,899$3,403$2,963$2,575$1,523
14 years$4,094$3,544$3,057$2,630$2,258$1,272
15 years$3,782$3,237$2,760$2,346$1,988$1,065
16 years$3,509$2,970$2,503$2,101$1,757$895
17 years$3,268$2,735$2,277$1,887$1,558$754
18 years$3,054$2,528$2,079$1,701$1,385$636
19 years$2,863$2,343$1,903$1,537$1,234$537
20 years$2,692$2,177$1,747$1,392$1,103$455
21 years$2,537$2,028$1,607$1,263$987$385
22 years$2,396$1,893$1,481$1,149$884$327
23 years$2,267$1,770$1,367$1,046$794$277
24 years$2,150$1,659$1,264$954$714$235
25 years$2,042$1,556$1,171$871$642$200
26 years$1,942$1,463$1,086$797$578$170
27 years$1,850$1,377$1,009$729$522$145
28 years$1,765$1,297$938$668$471$123
29 years$1,686$1,224$873$613$425$105
30 years$1,612$1,156$813$562$384$89
31 years$1,543$1,093$758$516$347$76
32 years$1,479$1,034$707$475$314$65
33 years$1,418$979$660$436$284$55
34 years$1,362$928$617$402$257$47
35 years$1,308$880$577$370$233$40
36 years$1,258$835$539$340$211$34
37 years$1,210$793$505$314$191$29
38 years$1,166$754$473$289$173$25
39 years$1,123$717$443$267$157$21
40 years$1,083$682$415$246$143$18
41 years$1,045$649$389$227$129$15
42 years$1,008$618$365$209$117$13
43 years$974$589$343$193$107$11
44 years$941$562$322$178$97$9
45 years$910$536$302$165$88$8
46 years$880$511$284$152$80$7
47 years$851$488$266$141$72$6
48 years$824$465$250$130$66$5
49 years$798$444$235$120$60$4
50 years$773$425$221$111$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $792,000, adding $2,361 every year, while hoping to spend $33,690 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: 58/37/5 Blend
53$792,000$792,000$792,000$792,000
54$875,219$833,243$820,967$925,043
55$928,646$838,226$812,624$963,717
56$986,393$842,324$802,872$1,001,802
57$1,048,865$845,459$791,628$1,042,459
58$1,116,508$847,545$778,807$1,085,936
59$1,189,811$848,494$764,316$1,132,506
60$1,269,314$848,212$748,062$1,182,472
61$1,355,606$846,597$729,945$1,236,168
62$1,449,341$843,543$709,861$1,293,964
63$1,551,233$838,936$687,701$1,356,267
64$1,662,072$832,657$663,351$1,423,529
65$1,782,723$824,577$636,694$1,496,249
66$1,914,141$814,561$607,603$1,574,977
67$2,057,375$802,467$575,950$1,660,322
68$2,213,581$788,141$541,598$1,752,957
69$2,384,030$771,424$504,405$1,853,625
70$2,570,122$752,145$464,224$1,963,145
71$2,773,398$730,123$420,898$2,082,426
72$2,995,552$705,167$374,266$2,212,470
73$3,238,454$677,075$324,159$2,354,381
74$3,504,158$645,633$270,400$2,509,383
75$3,794,928$610,616$212,805$2,678,825
76$4,113,258$571,783$151,181$2,864,197
77$4,461,891$528,881$85,326$3,067,146
78$4,843,851$481,643$15,032$3,289,489
79$5,262,467$429,787$0$3,533,233
80$5,721,404$373,012$0$3,803,794
81$6,224,701$311,004$0$4,101,481
82$6,776,806$243,428$0$4,428,205
83$7,382,616$169,932$0$4,786,960
84$8,047,529$90,144$0$5,181,051
85$8,777,487$3,671$0$5,614,124
86$9,579,037$0$0$6,090,202
87$10,459,393$0$0$6,650,330
88$11,426,498$0$0$7,267,366
89$12,489,106$0$0$7,945,409
90$13,656,859$0$0$8,690,620
91$14,940,379$0$0$9,509,788
92$16,351,370$0$0$10,410,393
93$17,902,725$0$0$11,400,673
94$19,608,648$0$0$12,489,707
95$21,484,791$0$0$13,687,497
96$23,548,397$0$0$15,005,062
97$25,818,463$0$0$16,454,545
98$28,315,922$0$0$18,049,322
99$31,063,837$0$0$19,804,133
100$34,087,619$0$0$21,735,219