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%12.7%
1 years$66,063$65,475$64,901$64,340$63,793$63,074
2 years$32,705$32,095$31,505$30,933$30,378$29,654
3 years$21,586$20,975$20,386$19,819$19,273$18,567
4 years$16,029$15,419$14,836$14,278$13,746$13,063
5 years$12,695$12,088$11,513$10,967$10,449$9,791
6 years$10,473$9,871$9,304$8,771$8,268$7,636
7 years$8,886$8,290$7,732$7,211$6,724$6,118
8 years$7,697$7,106$6,557$6,049$5,578$4,999
9 years$6,773$6,187$5,648$5,152$4,698$4,144
10 years$6,033$5,453$4,924$4,441$4,003$3,474
11 years$5,429$4,855$4,335$3,865$3,442$2,939
12 years$4,926$4,357$3,847$3,390$2,983$2,504
13 years$4,500$3,938$3,437$2,993$2,601$2,147
14 years$4,136$3,579$3,088$2,657$2,280$1,849
15 years$3,820$3,270$2,788$2,370$2,008$1,599
16 years$3,544$3,000$2,528$2,122$1,775$1,388
17 years$3,301$2,763$2,300$1,906$1,573$1,208
18 years$3,085$2,553$2,100$1,718$1,399$1,054
19 years$2,892$2,366$1,922$1,552$1,247$921
20 years$2,719$2,199$1,764$1,406$1,114$807
21 years$2,562$2,048$1,623$1,276$997$708
22 years$2,420$1,912$1,496$1,160$893$622
23 years$2,290$1,788$1,381$1,057$802$547
24 years$2,172$1,675$1,277$964$721$482
25 years$2,063$1,572$1,183$880$649$425
26 years$1,962$1,478$1,097$805$584$375
27 years$1,869$1,391$1,019$737$527$331
28 years$1,783$1,310$947$675$475$292
29 years$1,703$1,236$881$619$429$258
30 years$1,628$1,167$821$568$388$228
31 years$1,559$1,104$765$522$351$202
32 years$1,494$1,044$714$479$317$179
33 years$1,433$989$667$441$287$158
34 years$1,375$937$623$406$260$140
35 years$1,321$889$582$373$235$124
36 years$1,271$844$545$344$213$110
37 years$1,223$801$510$317$193$97
38 years$1,177$762$478$292$175$86
39 years$1,134$724$447$269$159$76
40 years$1,094$689$419$248$144$68
41 years$1,055$656$393$229$131$60
42 years$1,019$625$369$211$119$53
43 years$984$595$346$195$108$47
44 years$951$567$325$180$98$42
45 years$919$541$305$166$89$37
46 years$889$516$287$154$81$33
47 years$860$492$269$142$73$29
48 years$833$470$253$131$66$26
49 years$806$449$238$121$60$23
50 years$781$429$224$112$55$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $800,000, adding $5,817 every year, while hoping to spend $44,194 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: 78/6/16 Blend
53$800,000$800,000$800,000$800,000
54$887,600$845,200$832,800$953,327
55$931,113$839,593$813,677$991,873
56$977,584$832,230$792,432$1,027,970
57$1,027,266$822,978$768,947$1,066,344
58$1,080,440$811,697$743,100$1,107,205
59$1,137,412$798,237$714,761$1,150,785
60$1,198,519$782,441$683,796$1,197,343
61$1,264,129$764,142$650,064$1,247,160
62$1,334,646$743,161$613,418$1,300,551
63$1,410,517$719,312$573,703$1,357,859
64$1,492,227$692,397$530,761$1,419,466
65$1,580,314$662,204$484,421$1,485,792
66$1,675,367$628,512$434,509$1,557,298
67$1,778,031$591,086$380,842$1,634,497
68$1,889,017$549,677$323,228$1,717,952
69$2,009,108$504,022$261,467$1,808,286
70$2,139,162$453,844$195,351$1,906,184
71$2,280,122$398,848$124,661$2,012,405
72$2,433,027$338,724$49,170$2,127,783
73$2,599,020$273,145$0$2,253,239
74$2,779,354$201,764$0$2,395,152
75$2,975,413$124,215$0$2,558,588
76$3,188,716$40,112$0$2,736,428
77$3,420,935$0$0$2,930,082
78$3,673,909$0$0$3,144,469
79$3,949,664$0$0$3,381,072
80$4,250,428$0$0$3,639,159
81$4,578,654$0$0$3,920,837
82$4,937,042$0$0$4,228,427
83$5,328,563$0$0$4,564,482
84$5,756,489$0$0$4,931,815
85$6,224,423$0$0$5,333,520
86$6,736,330$0$0$5,773,008
87$7,296,578$0$0$6,254,031
88$7,909,975$0$0$6,780,721
89$8,581,817$0$0$7,357,630
90$9,317,934$0$0$7,989,771
91$10,124,751$0$0$8,682,662
92$11,009,338$0$0$9,442,382
93$11,979,488$0$0$10,275,629
94$13,043,779$0$0$11,189,775
95$14,211,663$0$0$12,192,944
96$15,493,549$0$0$13,294,083
97$16,900,906$0$0$14,503,049
98$18,446,364$0$0$15,830,697
99$20,143,838$0$0$17,288,989
100$22,008,657$0$0$18,891,098