Can I retire at age 54 with 798,000?

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 $798,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$65,898$65,311$64,738$64,179$63,634$63,048
2 years$32,623$32,015$31,426$30,856$30,302$29,712
3 years$21,533$20,922$20,335$19,769$19,225$18,648
4 years$15,988$15,380$14,799$14,243$13,711$13,153
5 years$12,663$12,058$11,484$10,940$10,423$9,885
6 years$10,447$9,846$9,281$8,749$8,247$7,730
7 years$8,864$8,269$7,713$7,193$6,707$6,211
8 years$7,678$7,088$6,541$6,034$5,564$5,089
9 years$6,756$6,171$5,634$5,139$4,686$4,231
10 years$6,018$5,440$4,912$4,430$3,993$3,558
11 years$5,415$4,843$4,324$3,856$3,434$3,019
12 years$4,913$4,347$3,838$3,382$2,976$2,581
13 years$4,489$3,928$3,429$2,986$2,595$2,219
14 years$4,125$3,570$3,081$2,650$2,275$1,918
15 years$3,811$3,262$2,781$2,364$2,003$1,664
16 years$3,535$2,993$2,522$2,116$1,770$1,449
17 years$3,293$2,756$2,295$1,902$1,569$1,266
18 years$3,078$2,547$2,095$1,714$1,395$1,108
19 years$2,885$2,360$1,918$1,548$1,244$972
20 years$2,712$2,193$1,760$1,402$1,111$855
21 years$2,556$2,043$1,619$1,273$994$753
22 years$2,414$1,907$1,492$1,157$891$664
23 years$2,285$1,784$1,378$1,054$800$586
24 years$2,166$1,671$1,274$961$719$518
25 years$2,057$1,568$1,180$878$647$459
26 years$1,957$1,474$1,094$803$583$406
27 years$1,864$1,387$1,016$735$525$360
28 years$1,779$1,307$945$673$474$319
29 years$1,699$1,233$879$617$428$283
30 years$1,624$1,165$819$567$387$251
31 years$1,555$1,101$763$520$350$223
32 years$1,490$1,042$712$478$316$198
33 years$1,429$986$665$440$286$176
34 years$1,372$935$621$405$259$157
35 years$1,318$887$581$372$235$139
36 years$1,267$842$543$343$213$124
37 years$1,220$799$509$316$193$110
38 years$1,174$760$476$291$175$98
39 years$1,132$722$446$269$159$87
40 years$1,091$687$418$248$144$78
41 years$1,053$654$392$229$130$69
42 years$1,016$623$368$211$118$62
43 years$981$594$345$195$107$55
44 years$948$566$324$180$98$49
45 years$917$540$304$166$89$44
46 years$887$515$286$153$80$39
47 years$858$491$269$142$73$35
48 years$830$469$252$131$66$31
49 years$804$448$237$121$60$27
50 years$779$428$223$112$55$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $798,000, adding $2,659 every year, while hoping to spend $51,257 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: 61/31/8 Blend
53$798,000$798,000$798,000$798,000
54$882,139$839,845$827,476$934,296
55$917,580$826,460$800,659$956,138
56$954,918$810,702$771,226$973,818
57$994,293$792,399$739,035$991,815
58$1,035,856$771,372$703,938$1,010,161
59$1,079,773$747,429$665,780$1,028,893
60$1,126,224$720,368$624,398$1,048,053
61$1,175,408$689,974$579,625$1,067,690
62$1,227,539$656,023$531,281$1,087,862
63$1,282,853$618,273$479,185$1,108,633
64$1,341,608$576,472$423,141$1,130,078
65$1,404,084$530,351$362,948$1,152,283
66$1,470,591$479,628$298,397$1,175,346
67$1,541,464$424,003$229,266$1,199,378
68$1,617,075$363,161$155,328$1,224,505
69$1,697,826$296,765$76,341$1,250,872
70$1,784,162$224,465$0$1,278,642
71$1,876,569$145,886$0$1,308,676
72$1,975,580$60,635$0$1,347,503
73$2,081,779$0$0$1,388,857
74$2,195,809$0$0$1,443,842
75$2,318,372$0$0$1,525,216
76$2,450,243$0$0$1,612,815
77$2,592,269$0$0$1,707,208
78$2,745,384$0$0$1,809,021
79$2,910,610$0$0$1,918,940
80$3,089,073$0$0$2,037,721
81$3,282,008$0$0$2,166,194
82$3,490,776$0$0$2,305,270
83$3,716,869$0$0$2,455,954
84$3,961,930$0$0$2,619,346
85$4,227,764$0$0$2,796,661
86$4,516,357$0$0$2,989,231
87$4,829,893$0$0$3,198,524
88$5,170,776$0$0$3,426,153
89$5,541,647$0$0$3,673,893
90$5,945,417$0$0$3,943,699
91$6,385,284$0$0$4,237,719
92$6,864,771$0$0$4,558,320
93$7,387,754$0$0$4,908,106
94$7,958,499$0$0$5,289,942
95$8,581,700$0$0$5,706,983
96$9,262,529$0$0$6,162,703
97$10,006,676$0$0$6,660,924
98$10,820,405$0$0$7,205,858
99$11,710,616$0$0$7,802,139
100$12,684,904$0$0$8,454,870