Can I retire at age 54 with 800,000?

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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$66,063$65,475$64,901$64,340$63,793$61,383
2 years$32,705$32,095$31,505$30,933$30,378$27,978
3 years$21,586$20,975$20,386$19,819$19,273$16,958
4 years$16,029$15,419$14,836$14,278$13,746$11,534
5 years$12,695$12,088$11,513$10,967$10,449$8,347
6 years$10,473$9,871$9,304$8,771$8,268$6,276
7 years$8,886$8,290$7,732$7,211$6,724$4,842
8 years$7,697$7,106$6,557$6,049$5,578$3,804
9 years$6,773$6,187$5,648$5,152$4,698$3,028
10 years$6,033$5,453$4,924$4,441$4,003$2,436
11 years$5,429$4,855$4,335$3,865$3,442$1,974
12 years$4,926$4,357$3,847$3,390$2,983$1,610
13 years$4,500$3,938$3,437$2,993$2,601$1,320
14 years$4,136$3,579$3,088$2,657$2,280$1,086
15 years$3,820$3,270$2,788$2,370$2,008$896
16 years$3,544$3,000$2,528$2,122$1,775$741
17 years$3,301$2,763$2,300$1,906$1,573$615
18 years$3,085$2,553$2,100$1,718$1,399$511
19 years$2,892$2,366$1,922$1,552$1,247$425
20 years$2,719$2,199$1,764$1,406$1,114$354
21 years$2,562$2,048$1,623$1,276$997$295
22 years$2,420$1,912$1,496$1,160$893$246
23 years$2,290$1,788$1,381$1,057$802$205
24 years$2,172$1,675$1,277$964$721$171
25 years$2,063$1,572$1,183$880$649$143
26 years$1,962$1,478$1,097$805$584$120
27 years$1,869$1,391$1,019$737$527$100
28 years$1,783$1,310$947$675$475$84
29 years$1,703$1,236$881$619$429$70
30 years$1,628$1,167$821$568$388$59
31 years$1,559$1,104$765$522$351$49
32 years$1,494$1,044$714$479$317$41
33 years$1,433$989$667$441$287$34
34 years$1,375$937$623$406$260$29
35 years$1,321$889$582$373$235$24
36 years$1,271$844$545$344$213$20
37 years$1,223$801$510$317$193$17
38 years$1,177$762$478$292$175$14
39 years$1,134$724$447$269$159$12
40 years$1,094$689$419$248$144$10
41 years$1,055$656$393$229$131$8
42 years$1,019$625$369$211$119$7
43 years$984$595$346$195$108$6
44 years$951$567$325$180$98$5
45 years$919$541$305$166$89$4
46 years$889$516$287$154$81$3
47 years$860$492$269$142$73$3
48 years$833$470$253$131$66$2
49 years$806$449$238$121$60$2
50 years$781$429$224$112$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $800,000, adding $4,661 every year, while hoping to spend $43,011 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: 54/38/8 Blend
53$800,000$800,000$800,000$800,000
54$886,408$844,008$831,608$932,312
55$931,058$839,601$813,703$959,508
56$978,821$833,536$793,757$983,974
57$1,029,969$825,688$771,656$1,009,569
58$1,084,800$815,921$747,281$1,036,407
59$1,143,642$804,093$720,507$1,064,615
60$1,206,854$790,054$691,205$1,094,336
61$1,274,830$773,644$659,237$1,125,731
62$1,348,003$754,693$624,462$1,158,979
63$1,426,849$733,022$586,731$1,194,277
64$1,511,889$708,442$545,888$1,231,849
65$1,603,698$680,752$501,772$1,271,943
66$1,702,906$649,740$454,212$1,314,835
67$1,810,205$615,180$403,031$1,360,834
68$1,926,358$576,835$348,044$1,410,282
69$2,052,200$534,454$289,057$1,463,563
70$2,188,653$487,771$225,870$1,521,100
71$2,336,729$436,505$158,270$1,583,367
72$2,497,541$380,359$86,037$1,650,891
73$2,672,314$319,020$8,942$1,724,256
74$2,862,393$252,156$0$1,804,112
75$3,069,263$179,417$0$1,897,440
76$3,294,553$100,433$0$2,000,004
77$3,540,057$14,814$0$2,111,952
78$3,807,750$0$0$2,234,294
79$4,099,807$0$0$2,400,706
80$4,418,619$0$0$2,589,195
81$4,766,819$0$0$2,795,135
82$5,147,307$0$0$3,020,249
83$5,563,275$0$0$3,266,434
84$6,018,236$0$0$3,535,781
85$6,516,060$0$0$3,830,591
86$7,061,006$0$0$4,153,398
87$7,657,766$0$0$4,506,991
88$8,311,507$0$0$4,894,445
89$9,027,919$0$0$5,319,142
90$9,813,266$0$0$5,784,811
91$10,674,450$0$0$6,295,556
92$11,619,072$0$0$6,855,900
93$12,655,505$0$0$7,470,821
94$13,792,969$0$0$8,145,806
95$15,041,622$0$0$8,886,898
96$16,412,654$0$0$9,700,754
97$17,918,390$0$0$10,594,705
98$19,572,407$0$0$11,576,831
99$21,389,665$0$0$12,656,029
100$23,386,640$0$0$13,842,104