Can I retire at age 54 with 794,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%20%
1 years$65,568$64,984$64,414$63,858$63,315$60,779
2 years$32,459$31,855$31,269$30,701$30,150$27,627
3 years$21,425$20,817$20,233$19,670$19,128$16,697
4 years$15,908$15,303$14,724$14,171$13,642$11,322
5 years$12,599$11,998$11,427$10,885$10,371$8,167
6 years$10,394$9,797$9,235$8,705$8,206$6,121
7 years$8,820$8,228$7,674$7,157$6,674$4,706
8 years$7,639$7,053$6,508$6,004$5,536$3,684
9 years$6,722$6,141$5,605$5,114$4,663$2,922
10 years$5,988$5,413$4,887$4,408$3,973$2,341
11 years$5,388$4,818$4,302$3,836$3,417$1,890
12 years$4,889$4,325$3,818$3,365$2,961$1,536
13 years$4,466$3,908$3,411$2,971$2,582$1,253
14 years$4,105$3,553$3,065$2,637$2,263$1,027
15 years$3,791$3,245$2,767$2,352$1,993$844
16 years$3,518$2,978$2,509$2,106$1,761$695
17 years$3,276$2,742$2,283$1,892$1,562$574
18 years$3,062$2,534$2,084$1,705$1,389$474
19 years$2,871$2,348$1,908$1,541$1,238$393
20 years$2,699$2,182$1,751$1,395$1,105$326
21 years$2,543$2,033$1,611$1,266$989$270
22 years$2,402$1,897$1,484$1,151$887$224
23 years$2,273$1,775$1,371$1,049$796$186
24 years$2,155$1,663$1,268$956$715$155
25 years$2,047$1,560$1,174$873$644$129
26 years$1,947$1,467$1,089$799$580$107
27 years$1,855$1,380$1,011$731$523$89
28 years$1,770$1,301$940$670$472$74
29 years$1,690$1,227$875$614$426$62
30 years$1,616$1,159$815$564$385$51
31 years$1,547$1,095$760$518$348$43
32 years$1,483$1,036$709$476$315$36
33 years$1,422$981$662$438$285$30
34 years$1,365$930$618$403$258$25
35 years$1,312$882$578$371$234$21
36 years$1,261$837$541$341$212$17
37 years$1,213$795$506$314$192$14
38 years$1,168$756$474$290$174$12
39 years$1,126$719$444$267$158$10
40 years$1,086$684$416$247$143$8
41 years$1,047$651$390$227$130$7
42 years$1,011$620$366$210$118$6
43 years$976$591$344$194$107$5
44 years$943$563$322$179$97$4
45 years$912$537$303$165$88$3
46 years$882$512$284$153$80$3
47 years$854$489$267$141$73$2
48 years$826$467$251$130$66$2
49 years$800$446$236$120$60$2
50 years$775$426$222$111$54$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $794,000, adding $5,761 every year, while hoping to spend $50,643 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: 30/40/30 Blend
53$794,000$794,000$794,000$794,000
54$880,930$838,848$826,541$899,128
55$916,902$826,068$800,347$901,140
56$954,844$810,965$771,577$898,529
57$994,907$793,370$740,093$894,734
58$1,037,249$773,107$705,749$889,691
59$1,082,048$749,989$668,390$883,330
60$1,129,495$723,816$627,859$875,583
61$1,179,799$694,379$583,988$866,379
62$1,233,190$661,454$536,603$855,646
63$1,289,917$624,808$485,522$843,313
64$1,350,256$584,191$430,554$829,306
65$1,414,505$539,339$371,501$813,553
66$1,482,994$489,976$308,154$795,981
67$1,556,080$435,806$240,299$776,519
68$1,634,159$376,519$167,708$755,097
69$1,717,662$311,787$90,144$731,645
70$1,807,061$241,262$7,362$706,100
71$1,902,877$164,580$0$678,399
72$2,005,678$81,352$0$674,407
73$2,116,089$0$0$672,351
74$2,234,796$0$0$673,802
75$2,362,551$0$0$713,989
76$2,500,180$0$0$757,377
77$2,648,593$0$0$804,263
78$2,808,786$0$0$854,975
79$2,981,854$0$0$909,872
80$3,169,002$0$0$969,352
81$3,371,554$0$0$1,033,848
82$3,590,965$0$0$1,103,841
83$3,828,834$0$0$1,179,855
84$4,086,921$0$0$1,262,471
85$4,367,160$0$0$1,352,325
86$4,671,681$0$0$1,450,119
87$5,002,822$0$0$1,556,623
88$5,363,162$0$0$1,672,686
89$5,755,532$0$0$1,799,241
90$6,183,052$0$0$1,937,318
91$6,649,154$0$0$2,088,047
92$7,157,614$0$0$2,252,674
93$7,712,589$0$0$2,432,569
94$8,318,656$0$0$2,629,243
95$8,980,853$0$0$2,844,357
96$9,704,726$0$0$3,079,740
97$10,496,379$0$0$3,337,409
98$11,362,537$0$0$3,619,581
99$12,310,603$0$0$3,928,700
100$13,348,727$0$0$4,267,456