Can I retire at age 54 with 793,000?

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 $793,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$65,485$64,902$64,333$63,777$63,235$62,679
2 years$32,418$31,815$31,230$30,662$30,112$29,552
3 years$21,398$20,791$20,208$19,646$19,104$18,557
4 years$15,888$15,284$14,706$14,154$13,625$13,095
5 years$12,584$11,983$11,412$10,871$10,358$9,847
6 years$10,381$9,785$9,223$8,694$8,196$7,704
7 years$8,809$8,217$7,664$7,148$6,665$6,193
8 years$7,630$7,044$6,500$5,996$5,530$5,077
9 years$6,713$6,133$5,598$5,107$4,657$4,224
10 years$5,981$5,406$4,881$4,403$3,968$3,554
11 years$5,381$4,812$4,297$3,832$3,412$3,018
12 years$4,883$4,319$3,813$3,361$2,957$2,581
13 years$4,461$3,903$3,407$2,967$2,579$2,221
14 years$4,100$3,548$3,061$2,634$2,260$1,921
15 years$3,787$3,241$2,764$2,349$1,990$1,668
16 years$3,513$2,974$2,506$2,103$1,759$1,453
17 years$3,272$2,739$2,280$1,890$1,560$1,270
18 years$3,058$2,531$2,082$1,703$1,387$1,113
19 years$2,867$2,345$1,906$1,539$1,236$977
20 years$2,695$2,180$1,749$1,394$1,104$860
21 years$2,540$2,030$1,609$1,265$988$758
22 years$2,399$1,895$1,483$1,150$886$669
23 years$2,270$1,772$1,369$1,047$795$591
24 years$2,153$1,661$1,266$955$715$523
25 years$2,044$1,558$1,173$872$643$463
26 years$1,945$1,465$1,088$798$579$410
27 years$1,853$1,378$1,010$730$522$364
28 years$1,767$1,299$939$669$471$323
29 years$1,688$1,225$874$613$425$287
30 years$1,614$1,157$814$563$384$255
31 years$1,545$1,094$759$517$348$226
32 years$1,481$1,035$708$475$314$201
33 years$1,420$980$661$437$285$179
34 years$1,363$929$617$402$258$159
35 years$1,310$881$577$370$233$142
36 years$1,259$836$540$341$211$126
37 years$1,212$794$505$314$192$112
38 years$1,167$755$473$289$174$100
39 years$1,124$718$443$267$158$89
40 years$1,084$683$416$246$143$79
41 years$1,046$650$390$227$130$71
42 years$1,010$619$366$210$118$63
43 years$975$590$343$194$107$56
44 years$942$562$322$179$97$50
45 years$911$536$302$165$88$45
46 years$881$512$284$152$80$40
47 years$852$488$267$141$73$36
48 years$825$466$251$130$66$32
49 years$799$445$236$120$60$28
50 years$774$425$222$111$54$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $793,000, adding $3,614 every year, while hoping to spend $26,214 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: 74/8/18 Blend
53$793,000$793,000$793,000$793,000
54$877,614$835,585$823,293$938,638
55$939,239$848,637$822,982$992,630
56$1,006,271$861,450$821,782$1,048,221
57$1,079,235$873,985$819,635$1,108,451
58$1,158,705$886,199$816,482$1,173,776
59$1,245,318$898,047$812,259$1,244,698
60$1,339,770$909,482$806,899$1,321,770
61$1,442,831$920,450$800,335$1,405,600
62$1,555,345$930,898$792,492$1,496,862
63$1,678,245$940,766$783,294$1,596,294
64$1,812,554$949,992$772,663$1,704,713
65$1,959,401$958,508$760,514$1,823,018
66$2,120,029$966,244$746,759$1,952,199
67$2,295,805$973,123$731,309$2,093,350
68$2,488,235$979,064$714,066$2,247,672
69$2,698,978$983,981$694,930$2,416,495
70$2,929,861$987,783$673,797$2,601,278
71$3,182,895$990,373$650,558$2,803,636
72$3,460,295$991,646$625,096$3,025,344
73$3,764,501$991,493$597,293$3,268,360
74$4,098,201$989,797$567,023$3,534,844
75$4,464,355$986,434$534,156$3,827,173
76$4,866,222$981,273$498,554$4,147,972
77$5,307,395$974,173$460,073$4,500,129
78$5,791,830$964,988$418,566$4,886,832
79$6,323,884$953,560$373,875$5,311,591
80$6,908,358$939,722$325,838$5,778,278
81$7,550,540$923,298$274,283$6,291,159
82$8,256,257$904,102$219,034$6,854,937
83$9,031,928$881,935$159,904$7,474,794
84$9,884,623$856,589$96,699$8,156,443
85$10,822,134$827,840$29,217$8,906,183
86$11,853,042$795,456$0$9,730,952
87$12,986,806$759,186$0$10,646,622
88$14,233,843$718,770$0$11,659,925
89$15,605,634$673,928$0$12,774,584
90$17,114,824$624,366$0$14,000,886
91$18,775,351$569,775$0$15,350,169
92$20,602,569$509,825$0$16,834,928
93$22,613,394$444,170$0$18,468,927
94$24,826,469$372,443$0$20,267,339
95$27,262,332$294,257$0$22,246,879
96$29,943,616$209,201$0$24,425,969
97$32,895,257$116,844$0$26,824,908
98$36,144,734$16,730$0$29,466,064
99$39,722,323$0$0$32,374,088
100$43,661,387$0$0$35,584,209