Can I retire at age 54 with 798,000?

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 $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%17.9%
1 years$65,898$65,311$64,738$64,179$63,634$61,597
2 years$32,623$32,015$31,426$30,856$30,302$28,268
3 years$21,533$20,922$20,335$19,769$19,225$17,259
4 years$15,988$15,380$14,799$14,243$13,711$11,828
5 years$12,663$12,058$11,484$10,940$10,423$8,627
6 years$10,447$9,846$9,281$8,749$8,247$6,540
7 years$8,864$8,269$7,713$7,193$6,707$5,089
8 years$7,678$7,088$6,541$6,034$5,564$4,034
9 years$6,756$6,171$5,634$5,139$4,686$3,241
10 years$6,018$5,440$4,912$4,430$3,993$2,632
11 years$5,415$4,843$4,324$3,856$3,434$2,154
12 years$4,913$4,347$3,838$3,382$2,976$1,774
13 years$4,489$3,928$3,429$2,986$2,595$1,469
14 years$4,125$3,570$3,081$2,650$2,275$1,221
15 years$3,811$3,262$2,781$2,364$2,003$1,019
16 years$3,535$2,993$2,522$2,116$1,770$852
17 years$3,293$2,756$2,295$1,902$1,569$714
18 years$3,078$2,547$2,095$1,714$1,395$600
19 years$2,885$2,360$1,918$1,548$1,244$505
20 years$2,712$2,193$1,760$1,402$1,111$425
21 years$2,556$2,043$1,619$1,273$994$359
22 years$2,414$1,907$1,492$1,157$891$303
23 years$2,285$1,784$1,378$1,054$800$256
24 years$2,166$1,671$1,274$961$719$216
25 years$2,057$1,568$1,180$878$647$183
26 years$1,957$1,474$1,094$803$583$155
27 years$1,864$1,387$1,016$735$525$131
28 years$1,779$1,307$945$673$474$111
29 years$1,699$1,233$879$617$428$94
30 years$1,624$1,165$819$567$387$79
31 years$1,555$1,101$763$520$350$67
32 years$1,490$1,042$712$478$316$57
33 years$1,429$986$665$440$286$48
34 years$1,372$935$621$405$259$41
35 years$1,318$887$581$372$235$35
36 years$1,267$842$543$343$213$29
37 years$1,220$799$509$316$193$25
38 years$1,174$760$476$291$175$21
39 years$1,132$722$446$269$159$18
40 years$1,091$687$418$248$144$15
41 years$1,053$654$392$229$130$13
42 years$1,016$623$368$211$118$11
43 years$981$594$345$195$107$9
44 years$948$566$324$180$98$8
45 years$917$540$304$166$89$7
46 years$887$515$286$153$80$6
47 years$858$491$269$142$73$5
48 years$830$469$252$131$66$4
49 years$804$448$237$121$60$3
50 years$779$428$223$112$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $798,000, adding $4,381 every year, while hoping to spend $48,321 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: 84/7/9 Blend
53$798,000$798,000$798,000$798,000
54$883,915$841,621$829,252$956,739
55$922,661$831,447$805,619$994,813
56$963,740$819,155$779,574$1,029,663
57$1,007,338$804,591$750,987$1,066,446
58$1,053,660$787,589$719,719$1,105,328
59$1,102,930$767,978$685,625$1,146,488
60$1,155,391$745,571$648,557$1,190,127
61$1,211,313$720,176$608,355$1,236,462
62$1,270,988$691,585$564,856$1,285,736
63$1,334,737$659,582$517,887$1,338,214
64$1,402,914$623,934$467,269$1,394,189
65$1,475,903$584,399$412,815$1,453,983
66$1,554,129$540,719$354,328$1,517,951
67$1,638,056$492,620$291,604$1,586,484
68$1,728,193$439,814$224,428$1,660,013
69$1,825,101$381,997$152,579$1,739,014
70$1,929,394$318,847$75,823$1,824,009
71$2,041,746$250,024$0$1,915,576
72$2,162,897$175,169$0$2,014,936
73$2,293,662$93,901$0$2,130,012
74$2,434,935$5,822$0$2,254,315
75$2,587,698$0$0$2,388,724
76$2,753,031$0$0$2,541,097
77$2,932,123$0$0$2,706,648
78$3,126,277$0$0$2,886,134
79$3,336,930$0$0$3,080,886
80$3,565,661$0$0$3,292,364
81$3,814,206$0$0$3,522,176
82$4,084,474$0$0$3,772,089
83$4,378,569$0$0$4,044,048
84$4,698,802$0$0$4,340,195
85$5,047,718$0$0$4,662,883
86$5,428,117$0$0$5,014,705
87$5,843,080$0$0$5,398,514
88$6,296,001$0$0$5,817,449
89$6,790,613$0$0$6,274,966
90$7,331,026$0$0$6,774,871
91$7,921,767$0$0$7,321,351
92$8,567,816$0$0$7,919,019
93$9,274,661$0$0$8,572,951
94$10,048,341$0$0$9,288,740
95$10,895,508$0$0$10,072,542
96$11,823,486$0$0$10,931,137
97$12,840,342$0$0$11,871,991
98$13,954,960$0$0$12,903,328
99$15,177,123$0$0$14,034,203
100$16,517,607$0$0$15,274,591