Can I retire at age 54 with 802,000?

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 $802,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$66,228$65,638$65,063$64,501$63,953$63,576
2 years$32,786$32,176$31,584$31,010$30,454$30,074
3 years$21,640$21,027$20,437$19,869$19,321$18,950
4 years$16,069$15,457$14,873$14,314$13,780$13,420
5 years$12,726$12,119$11,542$10,995$10,475$10,128
6 years$10,499$9,896$9,328$8,792$8,289$7,954
7 years$8,909$8,310$7,751$7,229$6,741$6,419
8 years$7,716$7,124$6,574$6,064$5,592$5,283
9 years$6,789$6,202$5,662$5,165$4,710$4,413
10 years$6,048$5,467$4,936$4,452$4,013$3,729
11 years$5,443$4,867$4,346$3,875$3,451$3,180
12 years$4,938$4,368$3,857$3,399$2,991$2,732
13 years$4,511$3,948$3,446$3,001$2,608$2,361
14 years$4,146$3,588$3,096$2,664$2,286$2,051
15 years$3,830$3,278$2,795$2,376$2,013$1,790
16 years$3,553$3,008$2,534$2,127$1,779$1,567
17 years$3,309$2,770$2,306$1,911$1,577$1,376
18 years$3,093$2,559$2,105$1,722$1,402$1,212
19 years$2,900$2,372$1,927$1,556$1,250$1,069
20 years$2,726$2,204$1,769$1,409$1,117$946
21 years$2,569$2,053$1,627$1,279$999$838
22 years$2,426$1,917$1,499$1,163$896$743
23 years$2,296$1,793$1,384$1,059$804$660
24 years$2,177$1,679$1,280$966$723$587
25 years$2,068$1,576$1,186$882$650$523
26 years$1,967$1,481$1,100$807$586$466
27 years$1,874$1,394$1,021$738$528$415
28 years$1,787$1,314$949$677$477$371
29 years$1,707$1,239$884$620$430$331
30 years$1,633$1,170$823$569$389$296
31 years$1,563$1,106$767$523$351$264
32 years$1,497$1,047$716$481$318$236
33 years$1,436$991$668$442$288$212
34 years$1,379$940$625$407$261$189
35 years$1,325$891$584$374$236$170
36 years$1,274$846$546$345$214$152
37 years$1,226$803$511$318$194$136
38 years$1,180$764$479$293$176$122
39 years$1,137$726$449$270$159$109
40 years$1,096$691$420$249$144$98
41 years$1,058$658$394$230$131$88
42 years$1,021$626$370$212$119$79
43 years$986$597$347$196$108$71
44 years$953$569$326$181$98$63
45 years$921$542$306$167$89$57
46 years$891$517$287$154$81$51
47 years$862$494$270$142$73$46
48 years$835$471$254$132$67$41
49 years$808$450$238$122$60$37
50 years$783$430$224$112$55$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $802,000, adding $5,830 every year, while hoping to spend $41,725 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: 46/29/25 Blend
53$802,000$802,000$802,000$802,000
54$889,818$847,312$834,881$924,121
55$936,184$844,435$818,454$946,010
56$985,881$840,019$800,079$965,208
57$1,039,205$833,944$779,645$985,212
58$1,096,480$826,083$757,040$1,006,117
59$1,158,062$816,302$732,142$1,028,033
60$1,224,343$804,459$704,826$1,051,081
61$1,295,751$790,403$674,963$1,075,401
62$1,372,758$773,973$642,415$1,101,147
63$1,455,882$755,001$607,039$1,128,493
64$1,545,693$733,307$568,686$1,157,635
65$1,642,816$708,701$527,199$1,188,793
66$1,747,938$680,982$482,415$1,222,211
67$1,861,816$649,939$434,164$1,258,164
68$1,985,281$615,345$382,268$1,296,959
69$2,119,246$576,963$326,540$1,338,939
70$2,264,716$534,542$266,787$1,384,487
71$2,422,798$487,815$202,805$1,434,031
72$2,594,707$436,501$134,383$1,488,046
73$2,781,782$380,304$61,299$1,547,064
74$2,985,494$318,910$0$1,611,676
75$3,207,464$251,986$0$1,686,993
76$3,449,474$179,183$0$1,787,034
77$3,713,488$100,129$0$1,896,313
78$4,001,664$14,436$0$2,015,803
79$4,316,380$0$0$2,146,586
80$4,660,253$0$0$2,314,844
81$5,036,165$0$0$2,503,904
82$5,447,287$0$0$2,710,766
83$5,897,114$0$0$2,937,199
84$6,389,490$0$0$3,185,151
85$6,928,651$0$0$3,456,767
86$7,519,260$0$0$3,754,410
87$8,166,454$0$0$4,080,682
88$8,875,889$0$0$4,438,449
89$9,653,794$0$0$4,830,866
90$10,507,032$0$0$5,261,410
91$11,443,160$0$0$5,733,910
92$12,470,501$0$0$6,252,584
93$13,598,225$0$0$6,822,077
94$14,836,433$0$0$7,447,509
95$16,196,251$0$0$8,134,517
96$17,689,935$0$0$8,889,311
97$19,330,987$0$0$9,718,734
98$21,134,282$0$0$10,630,323
99$23,116,206$0$0$11,632,384
100$25,294,813$0$0$12,734,064