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%12.7%
1 years$65,733$65,147$64,576$64,019$63,474$62,759
2 years$32,541$31,935$31,348$30,778$30,226$29,506
3 years$21,479$20,870$20,284$19,720$19,176$18,474
4 years$15,948$15,342$14,762$14,207$13,677$12,997
5 years$12,631$12,028$11,456$10,912$10,397$9,742
6 years$10,420$9,822$9,258$8,727$8,227$7,598
7 years$8,842$8,248$7,693$7,175$6,691$6,088
8 years$7,659$7,070$6,525$6,019$5,550$4,974
9 years$6,739$6,156$5,620$5,127$4,674$4,123
10 years$6,003$5,426$4,899$4,419$3,983$3,457
11 years$5,402$4,831$4,313$3,846$3,425$2,925
12 years$4,901$4,336$3,828$3,373$2,968$2,492
13 years$4,478$3,918$3,420$2,978$2,588$2,136
14 years$4,115$3,562$3,073$2,644$2,269$1,840
15 years$3,801$3,254$2,774$2,358$1,998$1,591
16 years$3,527$2,985$2,515$2,111$1,766$1,381
17 years$3,285$2,749$2,289$1,897$1,566$1,202
18 years$3,070$2,540$2,089$1,709$1,392$1,048
19 years$2,878$2,354$1,913$1,545$1,241$917
20 years$2,705$2,188$1,755$1,399$1,108$803
21 years$2,549$2,038$1,615$1,270$992$704
22 years$2,408$1,902$1,488$1,154$889$619
23 years$2,279$1,779$1,374$1,051$798$544
24 years$2,161$1,667$1,271$959$717$479
25 years$2,052$1,564$1,177$876$645$422
26 years$1,952$1,470$1,092$801$581$373
27 years$1,860$1,384$1,014$733$524$329
28 years$1,774$1,304$942$671$473$291
29 years$1,694$1,230$877$616$427$257
30 years$1,620$1,162$817$565$386$227
31 years$1,551$1,098$761$519$349$201
32 years$1,486$1,039$710$477$316$178
33 years$1,426$984$663$439$286$157
34 years$1,368$933$620$404$259$139
35 years$1,315$885$579$372$234$123
36 years$1,264$840$542$342$212$109
37 years$1,217$797$507$315$192$97
38 years$1,171$758$475$291$174$86
39 years$1,129$721$445$268$158$76
40 years$1,088$686$417$247$143$67
41 years$1,050$653$391$228$130$60
42 years$1,013$622$367$210$118$53
43 years$979$592$344$194$107$47
44 years$946$564$323$179$97$42
45 years$914$538$304$166$88$37
46 years$884$513$285$153$80$33
47 years$856$490$268$141$73$29
48 years$828$468$252$131$66$26
49 years$802$447$237$121$60$23
50 years$777$427$222$112$55$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $796,000, adding $2,622 every year, while hoping to spend $25,104 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: 53/38/9 Blend
53$796,000$796,000$796,000$796,000
54$879,897$837,709$825,371$924,407
55$942,936$852,046$826,310$969,255
56$1,011,563$866,244$826,440$1,015,073
57$1,086,323$880,271$825,706$1,064,325
58$1,167,813$894,089$824,052$1,117,343
59$1,256,691$907,661$821,419$1,174,488
60$1,353,683$920,945$817,746$1,236,163
61$1,459,585$933,898$812,967$1,302,809
62$1,575,276$946,472$807,014$1,374,915
63$1,701,722$958,617$799,817$1,453,018
64$1,839,987$970,279$791,301$1,537,711
65$1,991,243$981,400$781,386$1,629,649
66$2,156,780$991,918$769,993$1,729,552
67$2,338,018$1,001,769$757,034$1,838,217
68$2,536,521$1,010,881$742,420$1,956,520
69$2,754,013$1,019,181$726,058$2,085,430
70$2,992,390$1,026,588$707,848$2,226,014
71$3,253,741$1,033,019$687,689$2,379,448
72$3,540,369$1,038,382$665,472$2,547,032
73$3,854,807$1,042,584$641,086$2,730,197
74$4,199,847$1,045,520$614,412$2,930,522
75$4,578,565$1,047,084$585,328$3,149,749
76$4,994,347$1,047,160$553,705$3,389,798
77$5,450,925$1,045,625$519,409$3,652,788
78$5,952,410$1,042,351$482,300$3,941,054
79$6,503,329$1,037,200$442,230$4,257,173
80$7,108,671$1,030,025$399,047$4,603,986
81$7,773,930$1,020,671$352,590$4,984,626
82$8,505,162$1,008,975$302,693$5,402,548
83$9,309,035$994,761$249,180$5,861,562
84$10,192,898$977,846$191,869$6,365,870
85$11,164,848$958,034$130,570$6,920,104
86$12,233,802$935,118$65,085$7,529,373
87$13,409,590$908,879$0$8,199,311
88$14,703,037$879,083$0$8,936,589
89$16,126,075$845,487$0$9,754,296
90$17,691,848$807,829$0$10,653,748
91$19,414,839$765,834$0$11,643,295
92$21,311,004$719,212$0$12,732,140
93$23,397,928$667,655$0$13,930,431
94$25,694,984$610,837$0$15,249,354
95$28,223,520$548,416$0$16,701,239
96$31,007,057$480,026$0$18,299,680
97$34,071,514$405,284$0$20,059,661
98$37,445,450$323,785$0$21,997,701
99$41,160,335$235,100$0$24,132,010
100$45,250,845$138,775$0$26,482,659