Can I retire at age 54 with 797,000?

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 $797,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$65,816$65,229$64,657$64,099$63,554$63,180
2 years$32,582$31,975$31,387$30,817$30,264$29,886
3 years$21,506$20,896$20,309$19,745$19,201$18,832
4 years$15,968$15,361$14,780$14,225$13,694$13,336
5 years$12,647$12,043$11,470$10,926$10,410$10,064
6 years$10,433$9,834$9,269$8,738$8,237$7,904
7 years$8,853$8,259$7,703$7,184$6,699$6,379
8 years$7,668$7,079$6,533$6,026$5,557$5,250
9 years$6,747$6,164$5,627$5,133$4,680$4,386
10 years$6,011$5,433$4,905$4,425$3,988$3,706
11 years$5,409$4,837$4,319$3,851$3,430$3,160
12 years$4,907$4,341$3,833$3,378$2,972$2,715
13 years$4,483$3,923$3,424$2,982$2,592$2,347
14 years$4,120$3,566$3,077$2,647$2,272$2,039
15 years$3,806$3,258$2,778$2,361$2,000$1,778
16 years$3,531$2,989$2,519$2,114$1,768$1,557
17 years$3,289$2,753$2,292$1,899$1,568$1,368
18 years$3,074$2,544$2,092$1,712$1,394$1,204
19 years$2,882$2,357$1,915$1,547$1,242$1,063
20 years$2,709$2,191$1,758$1,401$1,110$940
21 years$2,553$2,040$1,617$1,271$993$833
22 years$2,411$1,905$1,490$1,156$890$739
23 years$2,282$1,781$1,376$1,053$799$656
24 years$2,163$1,669$1,272$960$718$584
25 years$2,055$1,566$1,178$877$646$520
26 years$1,955$1,472$1,093$802$582$463
27 years$1,862$1,385$1,015$734$525$413
28 years$1,776$1,305$944$672$474$368
29 years$1,697$1,232$878$617$428$329
30 years$1,622$1,163$818$566$386$294
31 years$1,553$1,099$762$520$349$263
32 years$1,488$1,040$711$478$316$235
33 years$1,427$985$664$439$286$210
34 years$1,370$934$621$404$259$188
35 years$1,316$886$580$372$234$168
36 years$1,266$841$543$343$212$151
37 years$1,218$798$508$316$193$135
38 years$1,173$759$476$291$175$121
39 years$1,130$721$446$268$158$109
40 years$1,090$686$418$247$144$97
41 years$1,051$653$392$228$130$87
42 years$1,015$622$367$211$118$78
43 years$980$593$345$194$107$70
44 years$947$565$324$180$97$63
45 years$915$539$304$166$88$56
46 years$885$514$285$153$80$51
47 years$857$491$268$142$73$45
48 years$829$468$252$131$66$41
49 years$803$447$237$121$60$37
50 years$778$427$223$112$55$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $797,000, adding $2,889 every year, while hoping to spend $33,252 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: 28/45/27 Blend
53$797,000$797,000$797,000$797,000
54$881,274$839,033$826,680$898,494
55$935,784$844,766$818,993$918,164
56$994,740$849,665$809,935$936,207
57$1,058,559$853,655$799,424$954,918
58$1,127,703$856,654$787,375$974,377
59$1,202,675$858,577$773,700$994,675
60$1,284,034$859,333$758,304$1,015,915
61$1,372,389$858,824$741,091$1,038,213
62$1,468,415$856,949$721,960$1,061,698
63$1,572,850$853,596$700,802$1,086,519
64$1,686,510$848,651$677,508$1,112,840
65$1,810,289$841,990$651,960$1,140,848
66$1,945,174$833,483$624,036$1,170,752
67$2,092,250$822,992$593,609$1,202,784
68$2,252,711$810,370$560,547$1,237,208
69$2,427,871$795,462$524,708$1,274,317
70$2,619,176$778,102$485,949$1,314,438
71$2,828,220$758,117$444,116$1,357,940
72$3,056,757$735,323$399,052$1,405,231
73$3,306,715$709,523$350,590$1,456,769
74$3,580,222$680,512$298,556$1,513,064
75$3,879,618$648,070$242,771$1,574,685
76$4,207,479$611,966$183,044$1,642,264
77$4,566,645$571,955$119,179$1,716,507
78$4,960,241$527,779$50,970$1,798,200
79$5,391,710$479,164$0$1,888,215
80$5,864,842$425,821$0$1,993,810
81$6,383,814$367,444$0$2,125,856
82$6,953,224$303,710$0$2,270,921
83$7,578,140$234,279$0$2,430,405
84$8,264,141$158,790$0$2,605,860
85$9,017,375$76,862$0$2,799,003
86$9,844,614$0$0$3,011,733
87$10,753,315$0$0$3,252,046
88$11,751,697$0$0$3,558,028
89$12,848,814$0$0$3,894,409
90$14,054,636$0$0$4,264,266
91$15,380,153$0$0$4,670,986
92$16,837,469$0$0$5,118,302
93$18,439,921$0$0$5,610,327
94$20,202,200$0$0$6,151,591
95$22,140,497$0$0$6,747,089
96$24,272,646$0$0$7,402,321
97$26,618,300$0$0$8,123,348
98$29,199,111$0$0$8,916,848
99$32,038,935$0$0$9,790,180
100$35,164,060$0$0$10,751,452