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%16%
1 years$65,485$64,902$64,333$63,777$63,235$61,681
2 years$32,418$31,815$31,230$30,662$30,112$28,556
3 years$21,398$20,791$20,208$19,646$19,104$17,595
4 years$15,888$15,284$14,706$14,154$13,625$12,174
5 years$12,584$11,983$11,412$10,871$10,358$8,969
6 years$10,381$9,785$9,223$8,694$8,196$6,871
7 years$8,809$8,217$7,664$7,148$6,665$5,404
8 years$7,630$7,044$6,500$5,996$5,530$4,332
9 years$6,713$6,133$5,598$5,107$4,657$3,521
10 years$5,981$5,406$4,881$4,403$3,968$2,893
11 years$5,381$4,812$4,297$3,832$3,412$2,397
12 years$4,883$4,319$3,813$3,361$2,957$1,999
13 years$4,461$3,903$3,407$2,967$2,579$1,677
14 years$4,100$3,548$3,061$2,634$2,260$1,412
15 years$3,787$3,241$2,764$2,349$1,990$1,194
16 years$3,513$2,974$2,506$2,103$1,759$1,012
17 years$3,272$2,739$2,280$1,890$1,560$861
18 years$3,058$2,531$2,082$1,703$1,387$733
19 years$2,867$2,345$1,906$1,539$1,236$626
20 years$2,695$2,180$1,749$1,394$1,104$535
21 years$2,540$2,030$1,609$1,265$988$457
22 years$2,399$1,895$1,483$1,150$886$392
23 years$2,270$1,772$1,369$1,047$795$336
24 years$2,153$1,661$1,266$955$715$288
25 years$2,044$1,558$1,173$872$643$248
26 years$1,945$1,465$1,088$798$579$213
27 years$1,853$1,378$1,010$730$522$183
28 years$1,767$1,299$939$669$471$157
29 years$1,688$1,225$874$613$425$135
30 years$1,614$1,157$814$563$384$116
31 years$1,545$1,094$759$517$348$100
32 years$1,481$1,035$708$475$314$86
33 years$1,420$980$661$437$285$74
34 years$1,363$929$617$402$258$64
35 years$1,310$881$577$370$233$55
36 years$1,259$836$540$341$211$47
37 years$1,212$794$505$314$192$41
38 years$1,167$755$473$289$174$35
39 years$1,124$718$443$267$158$30
40 years$1,084$683$416$246$143$26
41 years$1,046$650$390$227$130$23
42 years$1,010$619$366$210$118$19
43 years$975$590$343$194$107$17
44 years$942$562$322$179$97$14
45 years$911$536$302$165$88$12
46 years$881$512$284$152$80$11
47 years$852$488$267$141$73$9
48 years$825$466$251$130$66$8
49 years$799$445$236$120$60$7
50 years$774$425$222$111$54$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $793,000, adding $6,602 every year, while hoping to spend $22,907 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: 29/43/28 Blend
53$793,000$793,000$793,000$793,000
54$880,696$838,667$826,375$898,478
55$946,154$855,389$829,686$929,770
56$1,017,521$872,162$832,340$960,957
57$1,095,376$888,966$834,291$994,030
58$1,180,355$905,776$835,490$1,029,166
59$1,273,159$922,566$835,887$1,066,564
60$1,374,560$939,311$835,428$1,106,442
61$1,485,407$955,980$834,057$1,149,042
62$1,606,636$972,540$831,716$1,194,632
63$1,739,277$988,958$828,342$1,243,508
64$1,884,463$1,005,197$823,871$1,295,997
65$2,043,443$1,021,216$818,235$1,352,460
66$2,217,592$1,036,974$811,364$1,413,296
67$2,408,424$1,052,423$803,183$1,478,949
68$2,617,607$1,067,516$793,613$1,549,905
69$2,846,978$1,082,199$782,575$1,626,705
70$3,098,560$1,096,417$769,981$1,709,945
71$3,374,581$1,110,109$755,742$1,800,285
72$3,677,494$1,123,211$739,766$1,898,452
73$4,010,004$1,135,653$721,954$2,005,252
74$4,375,088$1,147,364$702,203$2,121,573
75$4,776,027$1,158,265$680,407$2,248,398
76$5,216,434$1,168,272$656,453$2,386,811
77$5,700,290$1,177,297$630,223$2,538,011
78$6,231,981$1,185,246$601,597$2,703,321
79$6,816,337$1,192,017$570,444$2,884,203
80$7,458,681$1,197,503$536,632$3,082,270
81$8,164,877$1,201,592$500,020$3,299,306
82$8,941,386$1,204,161$460,462$3,537,278
83$9,795,325$1,205,082$417,805$3,798,357
84$10,734,536$1,204,219$371,889$4,084,944
85$11,767,659$1,201,427$322,548$4,399,685
86$12,904,214$1,196,551$269,608$4,745,503
87$14,154,690$1,189,428$212,885$5,125,623
88$15,530,643$1,179,884$152,192$5,543,606
89$17,044,807$1,167,737$87,328$6,003,381
90$18,711,212$1,152,791$18,088$6,509,285
91$20,545,316$1,134,839$0$7,066,101
92$22,564,155$1,113,662$0$7,695,782
93$24,786,497$1,089,029$0$8,394,332
94$27,233,022$1,060,695$0$9,162,840
95$29,926,520$1,028,398$0$10,008,469
96$32,892,100$991,865$0$10,939,121
97$36,157,431$950,803$0$11,963,506
98$39,753,001$904,904$0$13,091,227
99$43,712,406$853,844$0$14,332,874
100$48,072,666$797,276$0$15,700,120