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%12.9%
1 years$65,650$65,066$64,495$63,938$63,394$62,628
2 years$32,500$31,895$31,308$30,740$30,188$29,417
3 years$21,452$20,844$20,259$19,695$19,152$18,400
4 years$15,928$15,322$14,743$14,189$13,660$12,932
5 years$12,615$12,013$11,441$10,899$10,384$9,684
6 years$10,407$9,809$9,246$8,716$8,216$7,544
7 years$8,831$8,238$7,684$7,166$6,682$6,038
8 years$7,649$7,061$6,516$6,011$5,543$4,927
9 years$6,730$6,148$5,613$5,120$4,668$4,080
10 years$5,996$5,419$4,893$4,414$3,978$3,417
11 years$5,395$4,825$4,308$3,841$3,421$2,887
12 years$4,895$4,330$3,823$3,369$2,965$2,457
13 years$4,472$3,913$3,416$2,975$2,585$2,103
14 years$4,110$3,557$3,069$2,640$2,266$1,809
15 years$3,796$3,249$2,771$2,355$1,995$1,562
16 years$3,522$2,981$2,512$2,108$1,763$1,354
17 years$3,281$2,746$2,286$1,894$1,564$1,177
18 years$3,066$2,537$2,087$1,707$1,390$1,025
19 years$2,874$2,351$1,910$1,543$1,239$895
20 years$2,702$2,185$1,753$1,397$1,107$783
21 years$2,546$2,035$1,613$1,268$990$686
22 years$2,405$1,900$1,486$1,153$888$602
23 years$2,276$1,777$1,372$1,050$797$528
24 years$2,158$1,665$1,269$958$716$464
25 years$2,050$1,562$1,176$875$645$409
26 years$1,950$1,468$1,090$800$581$360
27 years$1,857$1,382$1,012$732$523$317
28 years$1,772$1,302$941$671$472$280
29 years$1,692$1,228$876$615$427$247
30 years$1,618$1,160$816$564$385$218
31 years$1,549$1,097$761$518$348$192
32 years$1,484$1,038$710$476$315$170
33 years$1,424$983$663$438$285$150
34 years$1,367$931$619$403$258$133
35 years$1,313$883$579$371$234$117
36 years$1,263$838$541$342$212$104
37 years$1,215$796$507$315$192$92
38 years$1,170$757$475$290$174$81
39 years$1,127$720$445$268$158$72
40 years$1,087$685$417$247$143$64
41 years$1,049$652$391$228$130$56
42 years$1,012$621$367$210$118$50
43 years$978$591$344$194$107$44
44 years$945$564$323$179$97$39
45 years$913$538$303$165$88$35
46 years$883$513$285$153$80$31
47 years$855$489$268$141$73$27
48 years$827$467$251$130$66$24
49 years$801$446$236$121$60$21
50 years$776$426$222$111$54$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $795,000, adding $2,959 every year, while hoping to spend $57,475 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: 74/21/5 Blend
53$795,000$795,000$795,000$795,000
54$879,142$837,007$824,685$943,656
55$907,662$816,868$791,159$966,358
56$937,164$793,815$754,583$983,617
57$967,688$767,646$714,796$1,000,862
58$999,277$738,144$671,625$1,018,071
59$1,031,973$705,083$624,895$1,035,221
60$1,065,824$668,222$574,418$1,052,288
61$1,100,877$627,304$520,001$1,069,245
62$1,137,186$582,062$461,440$1,086,064
63$1,174,805$532,209$398,525$1,102,718
64$1,213,793$477,445$331,033$1,119,176
65$1,254,211$417,450$258,733$1,135,406
66$1,296,124$351,889$181,385$1,151,376
67$1,339,603$280,406$98,736$1,167,051
68$1,384,723$202,626$10,523$1,182,397
69$1,431,561$118,151$0$1,197,376
70$1,480,204$26,564$0$1,216,411
71$1,530,740$0$0$1,235,892
72$1,583,267$0$0$1,272,005
73$1,637,889$0$0$1,315,945
74$1,694,715$0$0$1,361,665
75$1,753,865$0$0$1,409,260
76$1,815,466$0$0$1,458,834
77$1,879,656$0$0$1,510,498
78$1,946,583$0$0$1,564,371
79$2,016,404$0$0$1,620,584
80$2,089,293$0$0$1,679,275
81$2,165,433$0$0$1,740,594
82$2,245,025$0$0$1,804,704
83$2,328,286$0$0$1,871,780
84$2,415,448$0$0$1,942,012
85$2,506,765$0$0$2,015,606
86$2,602,513$0$0$2,092,785
87$2,702,989$0$0$2,173,791
88$2,808,516$0$0$2,258,888
89$2,919,447$0$0$2,348,360
90$3,036,163$0$0$2,442,519
91$3,159,080$0$0$2,541,704
92$3,288,652$0$0$2,646,281
93$3,425,371$0$0$2,756,654
94$3,569,776$0$0$2,873,258
95$3,722,454$0$0$2,996,572
96$3,884,044$0$0$3,127,116
97$4,055,246$0$0$3,265,461
98$4,236,824$0$0$3,412,226
99$4,429,614$0$0$3,568,094
100$4,634,528$0$0$3,733,805