Can I retire at age 54 with 796,000?

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 $796,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$65,733$65,147$64,576$64,019$63,474$61,566
2 years$32,541$31,935$31,348$30,778$30,226$28,319
3 years$21,479$20,870$20,284$19,720$19,176$17,331
4 years$15,948$15,342$14,762$14,207$13,677$11,907
5 years$12,631$12,028$11,456$10,912$10,397$8,708
6 years$10,420$9,822$9,258$8,727$8,227$6,620
7 years$8,842$8,248$7,693$7,175$6,691$5,166
8 years$7,659$7,070$6,525$6,019$5,550$4,106
9 years$6,739$6,156$5,620$5,127$4,674$3,310
10 years$6,003$5,426$4,899$4,419$3,983$2,696
11 years$5,402$4,831$4,313$3,846$3,425$2,214
12 years$4,901$4,336$3,828$3,373$2,968$1,830
13 years$4,478$3,918$3,420$2,978$2,588$1,520
14 years$4,115$3,562$3,073$2,644$2,269$1,268
15 years$3,801$3,254$2,774$2,358$1,998$1,061
16 years$3,527$2,985$2,515$2,111$1,766$891
17 years$3,285$2,749$2,289$1,897$1,566$750
18 years$3,070$2,540$2,089$1,709$1,392$632
19 years$2,878$2,354$1,913$1,545$1,241$534
20 years$2,705$2,188$1,755$1,399$1,108$451
21 years$2,549$2,038$1,615$1,270$992$382
22 years$2,408$1,902$1,488$1,154$889$324
23 years$2,279$1,779$1,374$1,051$798$274
24 years$2,161$1,667$1,271$959$717$233
25 years$2,052$1,564$1,177$876$645$198
26 years$1,952$1,470$1,092$801$581$168
27 years$1,860$1,384$1,014$733$524$143
28 years$1,774$1,304$942$671$473$121
29 years$1,694$1,230$877$616$427$103
30 years$1,620$1,162$817$565$386$88
31 years$1,551$1,098$761$519$349$75
32 years$1,486$1,039$710$477$316$64
33 years$1,426$984$663$439$286$54
34 years$1,368$933$620$404$259$46
35 years$1,315$885$579$372$234$39
36 years$1,264$840$542$342$212$33
37 years$1,217$797$507$315$192$28
38 years$1,171$758$475$291$174$24
39 years$1,129$721$445$268$158$21
40 years$1,088$686$417$247$143$18
41 years$1,050$653$391$228$130$15
42 years$1,013$622$367$210$118$13
43 years$979$592$344$194$107$11
44 years$946$564$323$179$97$9
45 years$914$538$304$166$88$8
46 years$884$513$285$153$80$7
47 years$856$490$268$141$73$6
48 years$828$468$252$131$66$5
49 years$802$447$237$121$60$4
50 years$777$427$222$112$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $796,000, adding $5,472 every year, while hoping to spend $42,355 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: 47/30/23 Blend
53$796,000$796,000$796,000$796,000
54$882,836$840,648$828,310$918,305
55$927,820$836,775$810,993$939,836
56$975,973$831,292$791,677$958,558
57$1,027,573$824,076$770,249$978,023
58$1,082,926$814,996$746,592$998,318
59$1,142,367$803,913$720,586$1,019,544
60$1,206,263$790,680$692,101$1,041,817
61$1,275,020$775,141$661,004$1,065,263
62$1,349,080$757,131$627,155$1,090,028
63$1,428,930$736,474$590,409$1,116,274
64$1,515,105$712,986$550,612$1,144,185
65$1,608,194$686,471$507,606$1,173,964
66$1,708,842$656,720$461,223$1,205,842
67$1,817,760$623,515$411,289$1,240,076
68$1,935,728$586,623$357,624$1,276,954
69$2,063,603$545,799$300,035$1,316,799
70$2,202,331$500,784$238,327$1,359,971
71$2,352,948$451,302$172,290$1,406,872
72$2,516,597$397,064$101,710$1,457,950
73$2,694,533$337,763$26,361$1,513,707
74$2,888,138$273,075$0$1,574,699
75$3,098,931$202,659$0$1,654,813
76$3,328,585$126,153$0$1,749,242
77$3,578,942$43,175$0$1,852,343
78$3,852,026$0$0$1,965,037
79$4,150,068$0$0$2,103,756
80$4,475,522$0$0$2,270,881
81$4,831,090$0$0$2,453,558
82$5,219,746$0$0$2,653,326
83$5,644,766$0$0$2,871,879
84$6,109,755$0$0$3,111,085
85$6,618,683$0$0$3,372,997
86$7,175,922$0$0$3,659,879
87$7,786,287$0$0$3,974,221
88$8,455,080$0$0$4,318,770
89$9,188,139$0$0$4,696,546
90$9,991,895$0$0$5,110,879
91$10,873,431$0$0$5,565,436
92$11,840,549$0$0$6,064,254
93$12,901,840$0$0$6,611,784
94$14,066,770$0$0$7,212,924
95$15,345,764$0$0$7,873,072
96$16,750,307$0$0$8,598,175
97$18,293,052$0$0$9,394,784
98$19,987,934$0$0$10,270,113
99$21,850,306$0$0$11,232,114
100$23,897,085$0$0$12,289,544