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 $6,431 every year, while hoping to spend $57,728 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: 77/6/17 Blend
53$796,000$796,000$796,000$796,000
54$883,826$841,638$829,300$948,060
55$912,554$821,456$795,659$971,188
56$942,277$798,350$758,957$988,676
57$973,037$772,117$719,029$1,006,285
58$1,004,875$742,539$675,705$1,024,007
59$1,037,838$709,389$628,807$1,041,836
60$1,071,972$672,424$578,146$1,059,764
61$1,107,329$631,388$523,530$1,077,784
62$1,143,961$586,011$464,753$1,095,888
63$1,181,927$536,007$401,604$1,114,070
64$1,221,285$481,072$333,859$1,132,323
65$1,262,099$420,889$261,287$1,150,641
66$1,304,439$355,118$183,645$1,169,017
67$1,348,376$283,402$100,681$1,187,446
68$1,393,987$205,366$12,131$1,205,924
69$1,441,355$120,610$0$1,224,448
70$1,490,567$28,714$0$1,257,956
71$1,541,719$0$0$1,294,826
72$1,594,910$0$0$1,337,583
73$1,650,248$0$0$1,384,044
74$1,707,850$0$0$1,432,409
75$1,767,839$0$0$1,482,784
76$1,830,350$0$0$1,535,281
77$1,895,525$0$0$1,590,023
78$1,963,521$0$0$1,647,141
79$2,034,503$0$0$1,706,774
80$2,108,653$0$0$1,769,077
81$2,186,166$0$0$1,834,213
82$2,267,251$0$0$1,902,360
83$2,352,137$0$0$1,973,712
84$2,441,070$0$0$2,048,477
85$2,534,318$0$0$2,126,882
86$2,632,172$0$0$2,209,172
87$2,734,947$0$0$2,295,614
88$2,842,985$0$0$2,386,498
89$2,956,659$0$0$2,482,139
90$3,076,373$0$0$2,582,881
91$3,202,570$0$0$2,689,096
92$3,335,730$0$0$2,801,192
93$3,476,376$0$0$2,919,613
94$3,625,082$0$0$3,044,843
95$3,782,469$0$0$3,177,411
96$3,949,221$0$0$3,317,893
97$4,126,081$0$0$3,466,921
98$4,313,863$0$0$3,625,183
99$4,513,457$0$0$3,793,434
100$4,725,836$0$0$3,972,499