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%16.1%
1 years$66,063$65,475$64,901$64,340$63,793$62,200
2 years$32,705$32,095$31,505$30,933$30,378$28,783
3 years$21,586$20,975$20,386$19,819$19,273$17,726
4 years$16,029$15,419$14,836$14,278$13,746$12,259
5 years$12,695$12,088$11,513$10,967$10,449$9,027
6 years$10,473$9,871$9,304$8,771$8,268$6,911
7 years$8,886$8,290$7,732$7,211$6,724$5,433
8 years$7,697$7,106$6,557$6,049$5,578$4,352
9 years$6,773$6,187$5,648$5,152$4,698$3,535
10 years$6,033$5,453$4,924$4,441$4,003$2,903
11 years$5,429$4,855$4,335$3,865$3,442$2,404
12 years$4,926$4,357$3,847$3,390$2,983$2,004
13 years$4,500$3,938$3,437$2,993$2,601$1,679
14 years$4,136$3,579$3,088$2,657$2,280$1,414
15 years$3,820$3,270$2,788$2,370$2,008$1,194
16 years$3,544$3,000$2,528$2,122$1,775$1,012
17 years$3,301$2,763$2,300$1,906$1,573$859
18 years$3,085$2,553$2,100$1,718$1,399$732
19 years$2,892$2,366$1,922$1,552$1,247$624
20 years$2,719$2,199$1,764$1,406$1,114$533
21 years$2,562$2,048$1,623$1,276$997$455
22 years$2,420$1,912$1,496$1,160$893$390
23 years$2,290$1,788$1,381$1,057$802$334
24 years$2,172$1,675$1,277$964$721$286
25 years$2,063$1,572$1,183$880$649$246
26 years$1,962$1,478$1,097$805$584$211
27 years$1,869$1,391$1,019$737$527$181
28 years$1,783$1,310$947$675$475$156
29 years$1,703$1,236$881$619$429$134
30 years$1,628$1,167$821$568$388$115
31 years$1,559$1,104$765$522$351$99
32 years$1,494$1,044$714$479$317$85
33 years$1,433$989$667$441$287$73
34 years$1,375$937$623$406$260$63
35 years$1,321$889$582$373$235$54
36 years$1,271$844$545$344$213$47
37 years$1,223$801$510$317$193$40
38 years$1,177$762$478$292$175$35
39 years$1,134$724$447$269$159$30
40 years$1,094$689$419$248$144$26
41 years$1,055$656$393$229$131$22
42 years$1,019$625$369$211$119$19
43 years$984$595$346$195$108$16
44 years$951$567$325$180$98$14
45 years$919$541$305$166$89$12
46 years$889$516$287$154$81$10
47 years$860$492$269$142$73$9
48 years$833$470$253$131$66$8
49 years$806$449$238$121$60$7
50 years$781$429$224$112$55$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $800,000, adding $6,908 every year, while hoping to spend $20,378 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: 40/32/28 Blend
53$800,000$800,000$800,000$800,000
54$888,726$846,326$833,926$916,697
55$957,694$866,114$840,180$957,448
56$1,033,013$886,188$845,961$999,105
57$1,115,311$906,542$851,231$1,043,786
58$1,205,277$927,166$855,951$1,091,779
59$1,303,669$948,051$860,080$1,143,406
60$1,411,324$969,187$863,574$1,199,017
61$1,529,163$990,561$866,387$1,259,001
62$1,658,198$1,012,159$868,472$1,323,788
63$1,799,547$1,033,967$869,778$1,393,849
64$1,954,437$1,055,968$870,252$1,469,705
65$2,124,224$1,078,145$869,839$1,551,931
66$2,310,398$1,100,476$868,482$1,641,161
67$2,514,600$1,122,942$866,118$1,738,094
68$2,738,641$1,145,517$862,684$1,843,501
69$2,984,511$1,168,176$858,113$1,958,231
70$3,254,406$1,190,892$852,334$2,083,223
71$3,550,742$1,213,632$845,275$2,219,510
72$3,876,183$1,236,366$836,856$2,368,234
73$4,233,662$1,259,056$826,999$2,530,651
74$4,626,410$1,281,664$815,618$2,708,148
75$5,057,987$1,304,149$802,625$2,902,256
76$5,532,315$1,326,465$787,926$3,114,661
77$6,053,714$1,348,566$771,425$3,347,224
78$6,626,945$1,370,397$753,020$3,601,996
79$7,257,252$1,391,905$732,604$3,881,239
80$7,950,413$1,413,029$710,067$4,187,447
81$8,712,792$1,433,705$685,292$4,523,373
82$9,551,405$1,453,865$658,157$4,892,049
83$10,473,978$1,473,434$628,536$5,296,821
84$11,489,026$1,492,335$596,294$5,741,375
85$12,605,931$1,510,483$561,293$6,229,781
86$13,835,027$1,527,788$523,388$6,766,521
87$15,187,706$1,544,155$482,427$7,356,540
88$16,676,514$1,559,481$438,251$8,005,289
89$18,315,281$1,573,658$390,695$8,718,780
90$20,119,242$1,586,569$339,585$9,503,638
91$22,105,184$1,598,091$284,741$10,367,172
92$24,291,606$1,608,091$225,973$11,317,435
93$26,698,892$1,616,429$163,085$12,363,308
94$29,349,501$1,622,957$95,871$13,514,584
95$32,268,183$1,627,515$24,116$14,782,055
96$35,482,210$1,629,934$0$16,177,622
97$39,021,631$1,630,037$0$17,730,077
98$42,919,561$1,627,632$0$19,446,915
99$47,212,487$1,622,518$0$21,336,941
100$51,940,619$1,614,479$0$23,417,806