Can I retire at age 54 with 800,000?

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 $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%18.6%
1 years$66,063$65,475$64,901$64,340$63,793$61,579
2 years$32,705$32,095$31,505$30,933$30,378$28,170
3 years$21,586$20,975$20,386$19,819$19,273$17,140
4 years$16,029$15,419$14,836$14,278$13,746$11,705
5 years$12,695$12,088$11,513$10,967$10,449$8,506
6 years$10,473$9,871$9,304$8,771$8,268$6,424
7 years$8,886$8,290$7,732$7,211$6,724$4,979
8 years$7,697$7,106$6,557$6,049$5,578$3,930
9 years$6,773$6,187$5,648$5,152$4,698$3,144
10 years$6,033$5,453$4,924$4,441$4,003$2,542
11 years$5,429$4,855$4,335$3,865$3,442$2,071
12 years$4,926$4,357$3,847$3,390$2,983$1,698
13 years$4,500$3,938$3,437$2,993$2,601$1,399
14 years$4,136$3,579$3,088$2,657$2,280$1,158
15 years$3,820$3,270$2,788$2,370$2,008$961
16 years$3,544$3,000$2,528$2,122$1,775$800
17 years$3,301$2,763$2,300$1,906$1,573$667
18 years$3,085$2,553$2,100$1,718$1,399$557
19 years$2,892$2,366$1,922$1,552$1,247$466
20 years$2,719$2,199$1,764$1,406$1,114$391
21 years$2,562$2,048$1,623$1,276$997$328
22 years$2,420$1,912$1,496$1,160$893$275
23 years$2,290$1,788$1,381$1,057$802$231
24 years$2,172$1,675$1,277$964$721$194
25 years$2,063$1,572$1,183$880$649$163
26 years$1,962$1,478$1,097$805$584$137
27 years$1,869$1,391$1,019$737$527$116
28 years$1,783$1,310$947$675$475$97
29 years$1,703$1,236$881$619$429$82
30 years$1,628$1,167$821$568$388$69
31 years$1,559$1,104$765$522$351$58
32 years$1,494$1,044$714$479$317$49
33 years$1,433$989$667$441$287$41
34 years$1,375$937$623$406$260$35
35 years$1,321$889$582$373$235$29
36 years$1,271$844$545$344$213$25
37 years$1,223$801$510$317$193$21
38 years$1,177$762$478$292$175$18
39 years$1,134$724$447$269$159$15
40 years$1,094$689$419$248$144$12
41 years$1,055$656$393$229$131$11
42 years$1,019$625$369$211$119$9
43 years$984$595$346$195$108$7
44 years$951$567$325$180$98$6
45 years$919$541$305$166$89$5
46 years$889$516$287$154$81$4
47 years$860$492$269$142$73$4
48 years$833$470$253$131$66$3
49 years$806$449$238$121$60$3
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 $3,842 every year, while hoping to spend $33,914 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: 46/39/15 Blend
53$800,000$800,000$800,000$800,000
54$885,563$843,163$830,763$922,363
55$939,806$848,394$822,509$953,566
56$998,446$852,744$812,843$983,654
57$1,061,894$856,135$801,679$1,015,557
58$1,130,604$858,483$788,933$1,049,458
59$1,205,075$859,699$774,512$1,085,560
60$1,285,856$859,687$758,321$1,124,085
61$1,373,549$858,347$740,261$1,165,285
62$1,468,818$855,573$720,226$1,209,435
63$1,572,391$851,250$698,108$1,256,842
64$1,685,073$845,259$673,792$1,307,845
65$1,807,745$837,472$647,159$1,362,822
66$1,941,380$827,753$618,084$1,422,191
67$2,087,047$815,959$586,436$1,486,415
68$2,245,923$801,938$552,078$1,556,007
69$2,419,303$785,529$514,869$1,631,536
70$2,608,614$766,561$474,658$1,713,633
71$2,815,423$744,854$431,291$1,802,994
72$3,041,461$720,216$384,603$1,900,392
73$3,288,629$692,445$334,426$2,006,683
74$3,559,021$661,327$280,581$2,122,814
75$3,854,944$626,635$222,884$2,249,831
76$4,178,938$588,130$161,140$2,388,896
77$4,533,799$545,558$95,148$2,541,290
78$4,922,607$498,651$24,696$2,708,432
79$5,348,754$447,126$0$2,891,893
80$5,815,976$390,683$0$3,101,488
81$6,328,386$329,007$0$3,335,799
82$6,890,515$261,763$0$3,593,030
83$7,507,356$188,597$0$3,875,565
84$8,184,406$109,138$0$4,186,041
85$8,927,721$22,992$0$4,527,364
86$9,743,972$0$0$4,902,746
87$10,640,508$0$0$5,345,885
88$11,625,424$0$0$5,843,647
89$12,707,639$0$0$6,390,684
90$13,896,976$0$0$6,991,974
91$15,204,261$0$0$7,653,003
92$16,641,416$0$0$8,379,814
93$18,221,581$0$0$9,179,066
94$19,959,229$0$0$10,058,093
95$21,870,308$0$0$11,024,978
96$23,972,386$0$0$12,088,626
97$26,284,822$0$0$13,258,847
98$28,828,945$0$0$14,546,452
99$31,628,255$0$0$15,963,352
100$34,708,646$0$0$17,522,670