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%13%
1 years$65,981$65,393$64,820$64,260$63,713$62,917
2 years$32,664$32,055$31,466$30,894$30,340$29,539
3 years$21,559$20,949$20,360$19,794$19,249$18,468
4 years$16,008$15,399$14,817$14,261$13,728$12,973
5 years$12,679$12,073$11,499$10,954$10,436$9,709
6 years$10,460$9,859$9,293$8,760$8,258$7,560
7 years$8,875$8,279$7,722$7,202$6,716$6,047
8 years$7,687$7,097$6,549$6,041$5,571$4,932
9 years$6,764$6,179$5,641$5,146$4,692$4,081
10 years$6,026$5,447$4,918$4,436$3,998$3,416
11 years$5,422$4,849$4,329$3,860$3,438$2,884
12 years$4,919$4,352$3,842$3,386$2,979$2,453
13 years$4,494$3,933$3,433$2,989$2,598$2,098
14 years$4,131$3,575$3,084$2,654$2,278$1,804
15 years$3,815$3,266$2,785$2,367$2,005$1,557
16 years$3,540$2,996$2,525$2,119$1,772$1,348
17 years$3,297$2,759$2,298$1,904$1,571$1,171
18 years$3,081$2,550$2,097$1,716$1,397$1,019
19 years$2,889$2,363$1,920$1,550$1,245$889
20 years$2,716$2,196$1,762$1,404$1,112$777
21 years$2,559$2,045$1,621$1,274$995$680
22 years$2,417$1,909$1,494$1,159$892$596
23 years$2,287$1,786$1,379$1,055$801$523
24 years$2,169$1,673$1,276$962$720$460
25 years$2,060$1,570$1,181$879$648$404
26 years$1,960$1,476$1,096$804$584$356
27 years$1,867$1,389$1,017$736$526$313
28 years$1,781$1,309$946$674$475$276
29 years$1,701$1,235$880$618$429$243
30 years$1,626$1,166$820$567$387$215
31 years$1,557$1,102$764$521$350$189
32 years$1,492$1,043$713$479$317$167
33 years$1,431$988$666$440$287$148
34 years$1,374$936$622$405$260$130
35 years$1,320$888$582$373$235$115
36 years$1,269$843$544$343$213$102
37 years$1,221$800$509$316$193$90
38 years$1,176$761$477$292$175$79
39 years$1,133$723$447$269$159$70
40 years$1,092$688$419$248$144$62
41 years$1,054$655$393$229$131$55
42 years$1,017$624$368$211$119$49
43 years$982$594$346$195$108$43
44 years$949$567$324$180$98$38
45 years$918$540$305$166$89$34
46 years$888$515$286$154$80$30
47 years$859$492$269$142$73$26
48 years$831$470$253$131$66$23
49 years$805$448$237$121$60$21
50 years$780$428$223$112$55$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $799,000, adding $2,566 every year, while hoping to spend $42,912 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: 45/44/11 Blend
53$799,000$799,000$799,000$799,000
54$883,145$840,798$828,413$920,020
55$927,568$836,339$810,507$941,392
56$975,083$830,223$790,563$959,967
57$1,025,962$822,324$768,467$979,146
58$1,080,500$812,508$744,101$998,999
59$1,139,022$800,633$717,339$1,019,609
60$1,201,886$786,547$688,054$1,041,068
61$1,269,482$770,091$656,107$1,063,482
62$1,342,241$751,097$621,358$1,086,969
63$1,420,634$729,386$583,658$1,111,664
64$1,505,180$704,767$542,852$1,137,719
65$1,596,448$677,040$498,777$1,165,306
66$1,695,064$645,994$451,265$1,194,619
67$1,801,717$611,403$400,138$1,225,873
68$1,917,161$573,031$345,212$1,259,315
69$2,042,228$530,627$286,293$1,295,219
70$2,177,832$483,924$223,181$1,333,891
71$2,324,977$432,642$155,663$1,375,678
72$2,484,768$376,486$83,522$1,420,966
73$2,658,422$315,141$6,527$1,470,187
74$2,847,275$248,276$0$1,523,824
75$3,052,798$175,543$0$1,591,295
76$3,276,610$96,571$0$1,665,719
77$3,520,493$10,972$0$1,747,034
78$3,786,406$0$0$1,836,020
79$4,076,507$0$0$1,973,090
80$4,393,171$0$0$2,128,597
81$4,739,012$0$0$2,298,525
82$5,116,907$0$0$2,484,300
83$5,530,025$0$0$2,687,490
84$5,981,853$0$0$2,909,824
85$6,476,233$0$0$3,153,204
86$7,017,392$0$0$3,419,727
87$7,609,988$0$0$3,711,699
88$8,259,149$0$0$4,031,662
89$8,970,522$0$0$4,382,414
90$9,750,326$0$0$4,767,038
91$10,605,413$0$0$5,188,929
92$11,543,325$0$0$5,651,825
93$12,572,373$0$0$6,159,846
94$13,701,711$0$0$6,717,529
95$14,941,420$0$0$7,329,871
96$16,302,607$0$0$8,002,376
97$17,797,506$0$0$8,741,111
98$19,439,593$0$0$9,552,755
99$21,243,716$0$0$10,444,668
100$23,226,229$0$0$11,424,958