Can I retire at age 54 with 801,000?

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 $801,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$66,146$65,557$64,982$64,421$63,873$61,853
2 years$32,745$32,136$31,545$30,972$30,416$28,399
3 years$21,613$21,001$20,411$19,844$19,297$17,347
4 years$16,049$15,438$14,854$14,296$13,763$11,894
5 years$12,710$12,104$11,528$10,981$10,462$8,680
6 years$10,486$9,883$9,316$8,782$8,278$6,584
7 years$8,897$8,300$7,742$7,220$6,733$5,126
8 years$7,707$7,115$6,565$6,056$5,585$4,065
9 years$6,781$6,195$5,655$5,159$4,704$3,269
10 years$6,041$5,460$4,930$4,447$4,008$2,656
11 years$5,436$4,861$4,340$3,870$3,447$2,175
12 years$4,932$4,363$3,852$3,395$2,987$1,793
13 years$4,506$3,943$3,441$2,997$2,605$1,485
14 years$4,141$3,584$3,092$2,660$2,283$1,236
15 years$3,825$3,274$2,792$2,373$2,010$1,032
16 years$3,549$3,004$2,531$2,124$1,777$863
17 years$3,305$2,766$2,303$1,909$1,575$724
18 years$3,089$2,556$2,103$1,720$1,401$609
19 years$2,896$2,369$1,925$1,554$1,249$513
20 years$2,722$2,202$1,767$1,408$1,115$432
21 years$2,565$2,051$1,625$1,278$998$365
22 years$2,423$1,914$1,498$1,162$895$308
23 years$2,293$1,790$1,383$1,058$803$260
24 years$2,174$1,677$1,279$965$722$220
25 years$2,065$1,574$1,184$881$649$186
26 years$1,964$1,479$1,098$806$585$158
27 years$1,871$1,392$1,020$737$527$134
28 years$1,785$1,312$948$676$476$113
29 years$1,705$1,238$882$620$430$96
30 years$1,630$1,169$822$569$388$81
31 years$1,561$1,105$766$522$351$69
32 years$1,496$1,046$715$480$318$59
33 years$1,434$990$668$441$287$50
34 years$1,377$938$624$406$260$42
35 years$1,323$890$583$374$236$36
36 years$1,272$845$546$344$214$30
37 years$1,224$802$511$317$194$26
38 years$1,179$763$478$292$175$22
39 years$1,136$725$448$270$159$19
40 years$1,095$690$420$249$144$16
41 years$1,056$657$394$229$131$13
42 years$1,020$625$369$212$119$11
43 years$985$596$347$195$108$10
44 years$952$568$325$180$98$8
45 years$920$542$305$167$89$7
46 years$890$517$287$154$81$6
47 years$861$493$270$142$73$5
48 years$834$471$253$131$67$4
49 years$807$450$238$121$60$4
50 years$782$429$224$112$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $801,000, adding $6,918 every year, while hoping to spend $30,849 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: 53/38/9 Blend
53$801,000$801,000$801,000$801,000
54$889,838$847,385$834,969$934,628
55$947,778$856,084$830,118$974,509
56$1,010,595$864,175$824,070$1,013,939
57$1,078,752$871,596$816,753$1,056,105
58$1,152,761$878,280$808,090$1,101,273
59$1,233,184$884,158$798,003$1,149,735
60$1,320,640$889,153$786,407$1,201,816
61$1,415,809$893,185$773,215$1,257,872
62$1,519,440$896,169$758,337$1,318,299
63$1,632,357$898,015$741,675$1,383,532
64$1,755,466$898,627$723,129$1,454,054
65$1,889,765$897,902$702,596$1,530,398
66$2,036,353$895,731$679,965$1,613,150
67$2,196,439$891,999$655,122$1,702,962
68$2,371,353$886,585$627,946$1,800,550
69$2,562,562$879,358$598,312$1,906,707
70$2,771,677$870,180$566,090$2,022,308
71$3,000,476$858,907$531,142$2,148,320
72$3,250,914$845,383$493,324$2,285,811
73$3,525,145$829,445$452,489$2,435,960
74$3,825,541$810,918$408,478$2,600,067
75$4,154,713$789,620$361,129$2,779,570
76$4,515,538$765,356$310,271$2,976,057
77$4,911,185$737,920$255,727$3,191,278
78$5,345,141$707,094$197,310$3,427,168
79$5,821,252$672,648$134,825$3,685,862
80$6,343,749$634,337$68,071$3,969,716
81$6,917,295$591,904$0$4,281,331
82$7,547,028$545,075$0$4,623,882
83$8,238,605$493,564$0$5,007,229
84$8,998,259$437,065$0$5,428,348
85$9,832,856$375,255$0$5,891,120
86$10,749,960$307,796$0$6,399,828
87$11,757,904$234,327$0$6,959,195
88$12,865,870$154,468$0$7,574,432
89$14,083,971$67,819$0$8,251,286
90$15,423,350$0$0$8,996,097
91$16,896,284$0$0$9,826,747
92$18,516,301$0$0$10,771,620
93$20,298,301$0$0$11,811,061
94$22,258,706$0$0$12,954,657
95$24,415,606$0$0$14,212,975
96$26,788,935$0$0$15,597,654
97$29,400,657$0$0$17,121,523
98$32,274,970$0$0$18,798,712
99$35,438,540$0$0$20,644,795
100$38,920,747$0$0$22,676,929