Can I retire at age 54 with 795,000?

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 $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%14.3%
1 years$65,650$65,066$64,495$63,938$63,394$62,267
2 years$32,500$31,895$31,308$30,740$30,188$29,056
3 years$21,452$20,844$20,259$19,695$19,152$18,051
4 years$15,928$15,322$14,743$14,189$13,660$12,598
5 years$12,615$12,013$11,441$10,899$10,384$9,364
6 years$10,407$9,809$9,246$8,716$8,216$7,240
7 years$8,831$8,238$7,684$7,166$6,682$5,749
8 years$7,649$7,061$6,516$6,011$5,543$4,654
9 years$6,730$6,148$5,613$5,120$4,668$3,822
10 years$5,996$5,419$4,893$4,414$3,978$3,173
11 years$5,395$4,825$4,308$3,841$3,421$2,658
12 years$4,895$4,330$3,823$3,369$2,965$2,242
13 years$4,472$3,913$3,416$2,975$2,585$1,901
14 years$4,110$3,557$3,069$2,640$2,266$1,620
15 years$3,796$3,249$2,771$2,355$1,995$1,386
16 years$3,522$2,981$2,512$2,108$1,763$1,189
17 years$3,281$2,746$2,286$1,894$1,564$1,023
18 years$3,066$2,537$2,087$1,707$1,390$883
19 years$2,874$2,351$1,910$1,543$1,239$763
20 years$2,702$2,185$1,753$1,397$1,107$660
21 years$2,546$2,035$1,613$1,268$990$572
22 years$2,405$1,900$1,486$1,153$888$497
23 years$2,276$1,777$1,372$1,050$797$432
24 years$2,158$1,665$1,269$958$716$375
25 years$2,050$1,562$1,176$875$645$327
26 years$1,950$1,468$1,090$800$581$284
27 years$1,857$1,382$1,012$732$523$248
28 years$1,772$1,302$941$671$472$216
29 years$1,692$1,228$876$615$427$189
30 years$1,618$1,160$816$564$385$164
31 years$1,549$1,097$761$518$348$144
32 years$1,484$1,038$710$476$315$125
33 years$1,424$983$663$438$285$109
34 years$1,367$931$619$403$258$96
35 years$1,313$883$579$371$234$84
36 years$1,263$838$541$342$212$73
37 years$1,215$796$507$315$192$64
38 years$1,170$757$475$290$174$56
39 years$1,127$720$445$268$158$49
40 years$1,087$685$417$247$143$43
41 years$1,049$652$391$228$130$37
42 years$1,012$621$367$210$118$33
43 years$978$591$344$194$107$29
44 years$945$564$323$179$97$25
45 years$913$538$303$165$88$22
46 years$883$513$285$153$80$19
47 years$855$489$268$141$73$17
48 years$827$467$251$130$66$15
49 years$801$446$236$121$60$13
50 years$776$426$222$111$54$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $795,000, adding $6,087 every year, while hoping to spend $43,108 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: 75/11/14 Blend
53$795,000$795,000$795,000$795,000
54$882,369$840,234$827,911$945,479
55$926,504$835,539$809,780$983,306
56$973,696$829,169$789,596$1,018,780
57$1,024,211$820,996$767,246$1,056,483
58$1,078,342$810,886$742,610$1,096,624
59$1,136,408$798,695$715,562$1,139,433
60$1,198,761$784,271$685,973$1,185,164
61$1,265,788$767,453$653,706$1,234,098
62$1,337,910$748,070$618,618$1,286,544
63$1,415,594$725,943$580,559$1,342,846
64$1,499,350$700,879$539,373$1,403,379
65$1,589,740$672,678$494,897$1,468,562
66$1,687,379$641,125$446,962$1,538,854
67$1,792,944$605,993$395,388$1,614,764
68$1,907,182$567,044$339,991$1,696,853
69$2,030,909$524,024$280,575$1,785,740
70$2,165,026$476,665$216,939$1,882,109
71$2,310,522$424,685$148,870$1,986,714
72$2,468,486$367,786$76,148$2,100,389
73$2,640,115$305,650$0$2,224,053
74$2,826,724$237,945$0$2,358,939
75$3,029,764$164,317$0$2,518,104
76$3,250,826$84,396$0$2,691,434
77$3,491,666$0$0$2,880,334
78$3,754,213$0$0$3,086,617
79$4,040,592$0$0$3,322,798
80$4,353,140$0$0$3,580,591
81$4,694,430$0$0$3,862,123
82$5,067,296$0$0$4,169,735
83$5,474,857$0$0$4,506,005
84$5,920,545$0$0$4,873,769
85$6,408,143$0$0$5,276,152
86$6,941,812$0$0$5,716,594
87$7,526,136$0$0$6,198,882
88$8,166,164$0$0$6,727,189
89$8,867,453$0$0$7,306,107
90$9,636,128$0$0$7,940,697
91$10,478,928$0$0$8,636,530
92$11,403,282$0$0$9,399,743
93$12,417,369$0$0$10,237,096
94$13,530,197$0$0$11,156,034
95$14,751,691$0$0$12,164,758
96$16,092,782$0$0$13,272,303
97$17,565,511$0$0$14,488,619
98$19,183,143$0$0$15,824,670
99$20,960,292$0$0$17,292,532
100$22,913,054$0$0$18,905,509