Can I retire at age 54 with 794,000?

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 $794,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$65,568$64,984$64,414$63,858$63,315$61,634
2 years$32,459$31,855$31,269$30,701$30,150$28,468
3 years$21,425$20,817$20,233$19,670$19,128$17,499
4 years$15,908$15,303$14,724$14,171$13,642$12,077
5 years$12,599$11,998$11,427$10,885$10,371$8,874
6 years$10,394$9,797$9,235$8,705$8,206$6,779
7 years$8,820$8,228$7,674$7,157$6,674$5,317
8 years$7,639$7,053$6,508$6,004$5,536$4,249
9 years$6,722$6,141$5,605$5,114$4,663$3,444
10 years$5,988$5,413$4,887$4,408$3,973$2,821
11 years$5,388$4,818$4,302$3,836$3,417$2,330
12 years$4,889$4,325$3,818$3,365$2,961$1,937
13 years$4,466$3,908$3,411$2,971$2,582$1,619
14 years$4,105$3,553$3,065$2,637$2,263$1,359
15 years$3,791$3,245$2,767$2,352$1,993$1,145
16 years$3,518$2,978$2,509$2,106$1,761$967
17 years$3,276$2,742$2,283$1,892$1,562$819
18 years$3,062$2,534$2,084$1,705$1,389$695
19 years$2,871$2,348$1,908$1,541$1,238$591
20 years$2,699$2,182$1,751$1,395$1,105$503
21 years$2,543$2,033$1,611$1,266$989$429
22 years$2,402$1,897$1,484$1,151$887$366
23 years$2,273$1,775$1,371$1,049$796$313
24 years$2,155$1,663$1,268$956$715$267
25 years$2,047$1,560$1,174$873$644$228
26 years$1,947$1,467$1,089$799$580$195
27 years$1,855$1,380$1,011$731$523$167
28 years$1,770$1,301$940$670$472$143
29 years$1,690$1,227$875$614$426$123
30 years$1,616$1,159$815$564$385$105
31 years$1,547$1,095$760$518$348$90
32 years$1,483$1,036$709$476$315$77
33 years$1,422$981$662$438$285$66
34 years$1,365$930$618$403$258$57
35 years$1,312$882$578$371$234$49
36 years$1,261$837$541$341$212$42
37 years$1,213$795$506$314$192$36
38 years$1,168$756$474$290$174$31
39 years$1,126$719$444$267$158$26
40 years$1,086$684$416$247$143$23
41 years$1,047$651$390$227$130$19
42 years$1,011$620$366$210$118$17
43 years$976$591$344$194$107$14
44 years$943$563$322$179$97$12
45 years$912$537$303$165$88$11
46 years$882$512$284$153$80$9
47 years$854$489$267$141$73$8
48 years$826$467$251$130$66$7
49 years$800$446$236$120$60$6
50 years$775$426$222$111$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $794,000, adding $3,512 every year, while hoping to spend $41,100 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: 46/24/30 Blend
53$794,000$794,000$794,000$794,000
54$878,611$836,529$824,222$911,291
55$924,499$833,788$808,103$932,119
56$973,690$829,537$790,067$950,488
57$1,026,478$823,655$770,006$969,644
58$1,083,185$816,020$747,807$989,685
59$1,144,164$806,499$723,352$1,010,722
60$1,209,803$794,952$696,519$1,032,876
61$1,280,529$781,231$667,179$1,056,288
62$1,356,810$765,178$635,196$1,081,112
63$1,439,160$746,628$600,430$1,107,525
64$1,528,144$725,402$562,735$1,135,723
65$1,624,383$701,316$521,955$1,165,926
66$1,728,561$674,171$477,931$1,198,382
67$1,841,427$643,758$430,495$1,233,365
68$1,963,807$609,857$379,471$1,271,184
69$2,096,609$572,233$324,676$1,312,184
70$2,240,829$530,639$265,919$1,356,749
71$2,397,567$484,813$203,001$1,405,308
72$2,568,029$434,479$135,712$1,458,339
73$2,753,544$379,345$63,834$1,516,375
74$2,955,575$319,102$0$1,580,009
75$3,175,730$253,424$0$1,654,020
76$3,415,779$181,967$0$1,757,098
77$3,677,671$104,366$0$1,869,682
78$3,963,551$20,237$0$1,992,762
79$4,275,779$0$0$2,127,433
80$4,616,955$0$0$2,293,607
81$4,989,940$0$0$2,481,206
82$5,397,884$0$0$2,686,480
83$5,844,256$0$0$2,911,185
84$6,332,875$0$0$3,157,258
85$6,867,948$0$0$3,426,827
86$7,454,104$0$0$3,722,239
87$8,096,446$0$0$4,046,079
88$8,800,591$0$0$4,401,191
89$9,572,725$0$0$4,790,712
90$10,419,663$0$0$5,218,092
91$11,348,910$0$0$5,687,134
92$12,368,733$0$0$6,202,028
93$13,488,238$0$0$6,767,388
94$14,717,456$0$0$7,388,296
95$16,067,438$0$0$8,070,352
96$17,550,354$0$0$8,819,724
97$19,179,616$0$0$9,643,207
98$20,969,994$0$0$10,548,287
99$22,937,764$0$0$11,543,211
100$25,100,854$0$0$12,637,066