Can I retire at age 54 with 796,000?

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 $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%12.6%
1 years$65,733$65,147$64,576$64,019$63,474$62,785
2 years$32,541$31,935$31,348$30,778$30,226$29,532
3 years$21,479$20,870$20,284$19,720$19,176$18,500
4 years$15,948$15,342$14,762$14,207$13,677$13,022
5 years$12,631$12,028$11,456$10,912$10,397$9,766
6 years$10,420$9,822$9,258$8,727$8,227$7,620
7 years$8,842$8,248$7,693$7,175$6,691$6,109
8 years$7,659$7,070$6,525$6,019$5,550$4,994
9 years$6,739$6,156$5,620$5,127$4,674$4,143
10 years$6,003$5,426$4,899$4,419$3,983$3,475
11 years$5,402$4,831$4,313$3,846$3,425$2,942
12 years$4,901$4,336$3,828$3,373$2,968$2,508
13 years$4,478$3,918$3,420$2,978$2,588$2,151
14 years$4,115$3,562$3,073$2,644$2,269$1,854
15 years$3,801$3,254$2,774$2,358$1,998$1,605
16 years$3,527$2,985$2,515$2,111$1,766$1,393
17 years$3,285$2,749$2,289$1,897$1,566$1,214
18 years$3,070$2,540$2,089$1,709$1,392$1,060
19 years$2,878$2,354$1,913$1,545$1,241$927
20 years$2,705$2,188$1,755$1,399$1,108$813
21 years$2,549$2,038$1,615$1,270$992$714
22 years$2,408$1,902$1,488$1,154$889$627
23 years$2,279$1,779$1,374$1,051$798$552
24 years$2,161$1,667$1,271$959$717$487
25 years$2,052$1,564$1,177$876$645$429
26 years$1,952$1,470$1,092$801$581$379
27 years$1,860$1,384$1,014$733$524$335
28 years$1,774$1,304$942$671$473$296
29 years$1,694$1,230$877$616$427$262
30 years$1,620$1,162$817$565$386$232
31 years$1,551$1,098$761$519$349$205
32 years$1,486$1,039$710$477$316$181
33 years$1,426$984$663$439$286$161
34 years$1,368$933$620$404$259$142
35 years$1,315$885$579$372$234$126
36 years$1,264$840$542$342$212$112
37 years$1,217$797$507$315$192$99
38 years$1,171$758$475$291$174$88
39 years$1,129$721$445$268$158$78
40 years$1,088$686$417$247$143$69
41 years$1,050$653$391$228$130$61
42 years$1,013$622$367$210$118$55
43 years$979$592$344$194$107$48
44 years$946$564$323$179$97$43
45 years$914$538$304$166$88$38
46 years$884$513$285$153$80$34
47 years$856$490$268$141$73$30
48 years$828$468$252$131$66$27
49 years$802$447$237$121$60$24
50 years$777$427$222$112$55$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $796,000, adding $3,428 every year, while hoping to spend $44,650 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: 54/35/11 Blend
53$796,000$796,000$796,000$796,000
54$880,728$838,540$826,202$925,632
55$923,055$832,121$806,372$950,084
56$968,203$823,891$784,382$971,542
57$1,016,412$813,715$760,112$993,853
58$1,067,947$801,447$733,436$1,017,104
59$1,123,095$786,936$704,224$1,041,398
60$1,182,175$770,020$672,339$1,066,848
61$1,245,533$750,527$637,639$1,093,582
62$1,313,551$728,277$599,974$1,121,744
63$1,386,648$703,077$559,187$1,151,495
64$1,465,283$674,724$515,117$1,183,014
65$1,549,960$643,004$467,592$1,216,505
66$1,641,233$607,689$416,434$1,252,193
67$1,739,712$568,539$361,457$1,290,332
68$1,846,064$525,299$302,467$1,331,203
69$1,961,025$477,700$239,262$1,375,122
70$2,085,401$425,459$171,629$1,422,442
71$2,220,081$368,276$99,348$1,473,556
72$2,366,040$305,832$22,187$1,528,902
73$2,524,352$237,793$0$1,588,968
74$2,696,196$163,806$0$1,661,359
75$2,882,870$83,495$0$1,742,857
76$3,085,803$0$0$1,831,561
77$3,306,565$0$0$1,929,612
78$3,546,884$0$0$2,071,422
79$3,808,661$0$0$2,225,964
80$4,093,989$0$0$2,394,481
81$4,405,171$0$0$2,578,344
82$4,744,743$0$0$2,779,059
83$5,115,493$0$0$2,998,285
84$5,520,493$0$0$3,237,849
85$5,963,125$0$0$3,499,761
86$6,447,111$0$0$3,786,234
87$6,976,550$0$0$4,099,708
88$7,555,954$0$0$4,442,865
89$8,190,293$0$0$4,818,661
90$8,885,039$0$0$5,230,351
91$9,646,218$0$0$5,681,519
92$10,480,466$0$0$6,176,113
93$11,395,094$0$0$6,718,481
94$12,398,151$0$0$7,313,411
95$13,498,503$0$0$7,966,177
96$14,705,917$0$0$8,682,590
97$16,031,150$0$0$9,469,049
98$17,486,052$0$0$10,332,603
99$19,083,675$0$0$11,281,017
100$20,838,398$0$0$12,322,846