Can I retire at age 54 with 799,000?

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 $799,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$65,981$65,393$64,820$64,260$63,713$61,477
2 years$32,664$32,055$31,466$30,894$30,340$28,110
3 years$21,559$20,949$20,360$19,794$19,249$17,096
4 years$16,008$15,399$14,817$14,261$13,728$11,669
5 years$12,679$12,073$11,499$10,954$10,436$8,475
6 years$10,460$9,859$9,293$8,760$8,258$6,397
7 years$8,875$8,279$7,722$7,202$6,716$4,955
8 years$7,687$7,097$6,549$6,041$5,571$3,909
9 years$6,764$6,179$5,641$5,146$4,692$3,126
10 years$6,026$5,447$4,918$4,436$3,998$2,525
11 years$5,422$4,849$4,329$3,860$3,438$2,056
12 years$4,919$4,352$3,842$3,386$2,979$1,685
13 years$4,494$3,933$3,433$2,989$2,598$1,387
14 years$4,131$3,575$3,084$2,654$2,278$1,147
15 years$3,815$3,266$2,785$2,367$2,005$951
16 years$3,540$2,996$2,525$2,119$1,772$791
17 years$3,297$2,759$2,298$1,904$1,571$659
18 years$3,081$2,550$2,097$1,716$1,397$550
19 years$2,889$2,363$1,920$1,550$1,245$460
20 years$2,716$2,196$1,762$1,404$1,112$385
21 years$2,559$2,045$1,621$1,274$995$323
22 years$2,417$1,909$1,494$1,159$892$271
23 years$2,287$1,786$1,379$1,055$801$227
24 years$2,169$1,673$1,276$962$720$191
25 years$2,060$1,570$1,181$879$648$160
26 years$1,960$1,476$1,096$804$584$135
27 years$1,867$1,389$1,017$736$526$113
28 years$1,781$1,309$946$674$475$95
29 years$1,701$1,235$880$618$429$80
30 years$1,626$1,166$820$567$387$68
31 years$1,557$1,102$764$521$350$57
32 years$1,492$1,043$713$479$317$48
33 years$1,431$988$666$440$287$40
34 years$1,374$936$622$405$260$34
35 years$1,320$888$582$373$235$29
36 years$1,269$843$544$343$213$24
37 years$1,221$800$509$316$193$20
38 years$1,176$761$477$292$175$17
39 years$1,133$723$447$269$159$14
40 years$1,092$688$419$248$144$12
41 years$1,054$655$393$229$131$10
42 years$1,017$624$368$211$119$9
43 years$982$594$346$195$108$7
44 years$949$567$324$180$98$6
45 years$918$540$305$166$89$5
46 years$888$515$286$154$80$4
47 years$859$492$269$142$73$4
48 years$831$470$253$131$66$3
49 years$805$448$237$121$60$3
50 years$780$428$223$112$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $799,000, adding $3,674 every year, while hoping to spend $57,549 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: 31/43/26 Blend
53$799,000$799,000$799,000$799,000
54$884,288$841,941$829,556$904,542
55$913,253$821,964$796,115$900,433
56$943,245$799,080$759,624$890,669
57$974,306$773,085$719,921$879,008
58$1,006,483$743,764$676,836$865,323
59$1,039,825$710,889$630,191$849,480
60$1,074,384$674,220$579,800$831,340
61$1,110,216$633,502$525,468$810,753
62$1,147,380$588,465$466,993$787,564
63$1,185,938$538,825$404,163$761,609
64$1,225,957$484,280$336,755$732,715
65$1,267,508$424,514$264,540$700,703
66$1,310,667$359,188$187,276$665,380
67$1,355,515$287,949$104,710$626,547
68$1,402,140$210,420$16,579$583,995
69$1,450,633$126,206$0$537,501
70$1,501,096$34,888$0$508,328
71$1,553,634$0$0$481,045
72$1,608,363$0$0$481,147
73$1,665,406$0$0$498,483
74$1,724,897$0$0$516,587
75$1,786,980$0$0$535,507
76$1,851,808$0$0$555,292
77$1,919,549$0$0$575,998
78$1,990,384$0$0$597,684
79$2,064,507$0$0$620,415
80$2,142,131$0$0$644,259
81$2,223,485$0$0$669,294
82$2,308,816$0$0$695,601
83$2,398,396$0$0$723,269
84$2,492,515$0$0$752,396
85$2,591,494$0$0$783,088
86$2,695,678$0$0$815,459
87$2,805,445$0$0$849,636
88$2,921,203$0$0$885,756
89$3,043,402$0$0$923,967
90$3,172,528$0$0$964,434
91$3,309,115$0$0$1,007,335
92$3,453,742$0$0$1,052,864
93$3,607,044$0$0$1,101,235
94$3,769,716$0$0$1,152,680
95$3,942,515$0$0$1,207,455
96$4,126,271$0$0$1,265,839
97$4,321,891$0$0$1,328,138
98$4,530,368$0$0$1,394,686
99$4,752,790$0$0$1,465,851
100$4,990,350$0$0$1,542,036