Can I retire at age 54 with 801,000?

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 $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%18.5%
1 years$66,146$65,557$64,982$64,421$63,873$61,680
2 years$32,745$32,136$31,545$30,972$30,416$28,229
3 years$21,613$21,001$20,411$19,844$19,297$17,185
4 years$16,049$15,438$14,854$14,296$13,763$11,741
5 years$12,710$12,104$11,528$10,981$10,462$8,537
6 years$10,486$9,883$9,316$8,782$8,278$6,451
7 years$8,897$8,300$7,742$7,220$6,733$5,002
8 years$7,707$7,115$6,565$6,056$5,585$3,951
9 years$6,781$6,195$5,655$5,159$4,704$3,163
10 years$6,041$5,460$4,930$4,447$4,008$2,559
11 years$5,436$4,861$4,340$3,870$3,447$2,086
12 years$4,932$4,363$3,852$3,395$2,987$1,712
13 years$4,506$3,943$3,441$2,997$2,605$1,411
14 years$4,141$3,584$3,092$2,660$2,283$1,168
15 years$3,825$3,274$2,792$2,373$2,010$970
16 years$3,549$3,004$2,531$2,124$1,777$808
17 years$3,305$2,766$2,303$1,909$1,575$675
18 years$3,089$2,556$2,103$1,720$1,401$564
19 years$2,896$2,369$1,925$1,554$1,249$472
20 years$2,722$2,202$1,767$1,408$1,115$396
21 years$2,565$2,051$1,625$1,278$998$332
22 years$2,423$1,914$1,498$1,162$895$279
23 years$2,293$1,790$1,383$1,058$803$235
24 years$2,174$1,677$1,279$965$722$197
25 years$2,065$1,574$1,184$881$649$166
26 years$1,964$1,479$1,098$806$585$140
27 years$1,871$1,392$1,020$737$527$118
28 years$1,785$1,312$948$676$476$99
29 years$1,705$1,238$882$620$430$84
30 years$1,630$1,169$822$569$388$71
31 years$1,561$1,105$766$522$351$59
32 years$1,496$1,046$715$480$318$50
33 years$1,434$990$668$441$287$42
34 years$1,377$938$624$406$260$36
35 years$1,323$890$583$374$236$30
36 years$1,272$845$546$344$214$25
37 years$1,224$802$511$317$194$21
38 years$1,179$763$478$292$175$18
39 years$1,136$725$448$270$159$15
40 years$1,095$690$420$249$144$13
41 years$1,056$657$394$229$131$11
42 years$1,020$625$369$212$119$9
43 years$985$596$347$195$108$8
44 years$952$568$325$180$98$7
45 years$920$542$305$167$89$5
46 years$890$517$287$154$81$5
47 years$861$493$270$142$73$4
48 years$834$471$253$131$67$3
49 years$807$450$238$121$60$3
50 years$782$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 $801,000, adding $5,224 every year, while hoping to spend $25,996 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: 68/11/21 Blend
53$801,000$801,000$801,000$801,000
54$888,091$845,638$833,222$943,475
55$951,016$859,414$833,475$994,977
56$1,019,489$872,995$832,866$1,047,794
57$1,094,047$886,342$831,338$1,104,947
58$1,175,284$899,416$828,831$1,166,862
59$1,263,850$912,175$825,284$1,234,011
60$1,360,463$924,572$820,632$1,306,911
61$1,465,914$936,560$814,806$1,386,133
62$1,581,071$948,085$807,736$1,472,309
63$1,706,892$959,093$799,347$1,566,132
64$1,844,430$969,523$789,560$1,668,368
65$1,994,845$979,312$778,293$1,779,861
66$2,159,414$988,394$765,461$1,901,542
67$2,339,543$996,694$750,973$2,034,438
68$2,536,782$1,004,138$734,736$2,179,679
69$2,752,835$1,010,642$716,651$2,338,513
70$2,989,580$1,016,119$696,615$2,512,314
71$3,249,087$1,020,478$674,521$2,702,599
72$3,533,631$1,023,620$650,255$2,911,038
73$3,845,723$1,025,439$623,700$3,139,475
74$4,188,126$1,025,824$594,733$3,389,940
75$4,563,883$1,024,658$563,225$3,664,673
76$4,976,348$1,021,815$529,041$3,966,143
77$5,429,213$1,017,161$492,042$4,297,071
78$5,926,546$1,010,555$452,078$4,660,458
79$6,472,829$1,001,848$408,998$5,059,611
80$7,072,999$990,880$362,641$5,498,178
81$7,732,494$977,482$312,839$5,980,177
82$8,457,307$961,477$259,417$6,510,041
83$9,254,037$942,674$202,193$7,092,654
84$10,129,957$920,874$140,975$7,733,402
85$11,093,080$895,864$75,565$8,438,220
86$12,152,232$867,419$5,754$9,213,654
87$13,317,139$835,302$0$10,066,915
88$14,598,516$799,260$0$11,021,360
89$16,008,168$759,028$0$12,072,727
90$17,559,105$714,323$0$13,229,440
91$19,265,656$664,848$0$14,502,204
92$21,143,616$610,288$0$15,902,816
93$23,210,382$550,310$0$17,444,275
94$25,485,127$484,561$0$19,140,908
95$27,988,975$412,670$0$21,008,502
96$30,745,204$334,244$0$23,064,452
97$33,779,460$248,868$0$25,327,931
98$37,120,006$156,103$0$27,820,064
99$40,797,980$55,486$0$30,564,134
100$44,847,698$0$0$33,585,797