Can I retire at age 54 with 795,000?

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 $795,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$65,650$65,066$64,495$63,938$63,394$60,903
2 years$32,500$31,895$31,308$30,740$30,188$27,708
3 years$21,452$20,844$20,259$19,695$19,152$16,763
4 years$15,928$15,322$14,743$14,189$13,660$11,378
5 years$12,615$12,013$11,441$10,899$10,384$8,216
6 years$10,407$9,809$9,246$8,716$8,216$6,164
7 years$8,831$8,238$7,684$7,166$6,682$4,745
8 years$7,649$7,061$6,516$6,011$5,543$3,719
9 years$6,730$6,148$5,613$5,120$4,668$2,953
10 years$5,996$5,419$4,893$4,414$3,978$2,369
11 years$5,395$4,825$4,308$3,841$3,421$1,916
12 years$4,895$4,330$3,823$3,369$2,965$1,558
13 years$4,472$3,913$3,416$2,975$2,585$1,273
14 years$4,110$3,557$3,069$2,640$2,266$1,045
15 years$3,796$3,249$2,771$2,355$1,995$860
16 years$3,522$2,981$2,512$2,108$1,763$709
17 years$3,281$2,746$2,286$1,894$1,564$586
18 years$3,066$2,537$2,087$1,707$1,390$486
19 years$2,874$2,351$1,910$1,543$1,239$403
20 years$2,702$2,185$1,753$1,397$1,107$334
21 years$2,546$2,035$1,613$1,268$990$278
22 years$2,405$1,900$1,486$1,153$888$231
23 years$2,276$1,777$1,372$1,050$797$192
24 years$2,158$1,665$1,269$958$716$160
25 years$2,050$1,562$1,176$875$645$133
26 years$1,950$1,468$1,090$800$581$111
27 years$1,857$1,382$1,012$732$523$93
28 years$1,772$1,302$941$671$472$77
29 years$1,692$1,228$876$615$427$64
30 years$1,618$1,160$816$564$385$54
31 years$1,549$1,097$761$518$348$45
32 years$1,484$1,038$710$476$315$37
33 years$1,424$983$663$438$285$31
34 years$1,367$931$619$403$258$26
35 years$1,313$883$579$371$234$22
36 years$1,263$838$541$342$212$18
37 years$1,215$796$507$315$192$15
38 years$1,170$757$475$290$174$13
39 years$1,127$720$445$268$158$11
40 years$1,087$685$417$247$143$9
41 years$1,049$652$391$228$130$7
42 years$1,012$621$367$210$118$6
43 years$978$591$344$194$107$5
44 years$945$564$323$179$97$4
45 years$913$538$303$165$88$4
46 years$883$513$285$153$80$3
47 years$855$489$268$141$73$2
48 years$827$467$251$130$66$2
49 years$801$446$236$121$60$2
50 years$776$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 $795,000, adding $2,255 every year, while hoping to spend $34,736 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: 67/8/25 Blend
53$795,000$795,000$795,000$795,000
54$878,416$836,281$823,959$931,453
55$931,056$840,300$814,602$971,407
56$987,900$843,352$803,768$1,010,928
57$1,049,342$845,352$791,371$1,053,355
58$1,115,812$846,212$777,319$1,098,974
59$1,187,785$845,836$761,519$1,148,103
60$1,265,781$844,123$743,872$1,201,093
61$1,350,373$840,967$724,273$1,258,332
62$1,442,190$836,255$702,616$1,320,247
63$1,541,927$829,865$678,788$1,387,310
64$1,650,345$821,669$652,668$1,460,043
65$1,768,283$811,534$624,135$1,539,023
66$1,896,662$799,313$593,058$1,624,883
67$2,036,499$784,857$559,303$1,718,328
68$2,188,910$768,003$522,728$1,820,131
69$2,355,125$748,581$483,185$1,931,147
70$2,536,496$726,410$440,520$2,052,322
71$2,734,514$701,299$394,572$2,184,697
72$2,950,817$673,045$345,173$2,329,421
73$3,187,210$641,435$292,147$2,487,766
74$3,445,681$606,241$235,309$2,661,130
75$3,728,418$567,223$174,469$2,851,061
76$4,037,828$524,129$109,426$3,059,264
77$4,376,566$476,691$39,971$3,287,621
78$4,747,551$424,624$0$3,538,209
79$5,154,002$367,631$0$3,822,429
80$5,599,459$305,394$0$4,145,669
81$6,087,825$237,580$0$4,500,109
82$6,623,397$163,835$0$4,888,892
83$7,210,908$83,787$0$5,315,478
84$7,855,570$0$0$5,783,686
85$8,563,126$0$0$6,297,978
86$9,339,901$0$0$6,870,730
87$10,192,862$0$0$7,499,708
88$11,129,685$0$0$8,190,580
89$12,158,823$0$0$8,949,586
90$13,289,592$0$0$9,783,603
91$14,532,252$0$0$10,700,207
92$15,898,107$0$0$11,707,742
93$17,399,613$0$0$12,815,404
94$19,050,488$0$0$14,033,322
95$20,865,851$0$0$15,372,655
96$22,862,355$0$0$16,845,701
97$25,058,351$0$0$18,466,006
98$27,474,055$0$0$20,248,496
99$30,131,743$0$0$22,209,618
100$33,055,958$0$0$24,367,491