Can I retire at age 54 with 803,000?

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 $803,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$66,311$65,720$65,144$64,582$64,032$61,933
2 years$32,827$32,216$31,623$31,049$30,492$28,397
3 years$21,667$21,053$20,462$19,893$19,345$17,320
4 years$16,089$15,476$14,891$14,332$13,797$11,858
5 years$12,742$12,134$11,556$11,008$10,488$8,640
6 years$10,512$9,908$9,339$8,803$8,299$6,543
7 years$8,920$8,321$7,761$7,238$6,749$5,085
8 years$7,726$7,132$6,582$6,072$5,599$4,026
9 years$6,798$6,210$5,669$5,172$4,715$3,231
10 years$6,056$5,474$4,942$4,458$4,018$2,620
11 years$5,449$4,873$4,351$3,880$3,455$2,142
12 years$4,944$4,374$3,862$3,403$2,994$1,762
13 years$4,517$3,953$3,450$3,004$2,611$1,457
14 years$4,151$3,593$3,100$2,667$2,289$1,209
15 years$3,834$3,282$2,799$2,379$2,015$1,007
16 years$3,558$3,011$2,538$2,130$1,781$841
17 years$3,314$2,773$2,309$1,914$1,579$704
18 years$3,097$2,563$2,108$1,724$1,404$591
19 years$2,903$2,375$1,930$1,558$1,252$496
20 years$2,729$2,207$1,771$1,411$1,118$417
21 years$2,572$2,056$1,629$1,281$1,000$351
22 years$2,429$1,919$1,501$1,165$897$296
23 years$2,299$1,795$1,386$1,061$805$250
24 years$2,180$1,682$1,282$967$724$211
25 years$2,070$1,578$1,187$883$651$178
26 years$1,969$1,483$1,101$808$586$150
27 years$1,876$1,396$1,023$739$529$127
28 years$1,790$1,315$951$677$477$107
29 years$1,709$1,241$885$621$431$91
30 years$1,635$1,172$824$570$389$77
31 years$1,565$1,108$768$524$352$65
32 years$1,499$1,048$717$481$318$55
33 years$1,438$993$669$442$288$46
34 years$1,381$941$625$407$261$39
35 years$1,326$892$585$375$236$33
36 years$1,275$847$547$345$214$28
37 years$1,227$804$512$318$194$24
38 years$1,182$764$479$293$176$20
39 years$1,139$727$449$270$160$17
40 years$1,098$692$421$249$145$14
41 years$1,059$658$395$230$131$12
42 years$1,022$627$370$212$119$10
43 years$987$597$347$196$108$9
44 years$954$569$326$181$98$7
45 years$922$543$306$167$89$6
46 years$892$518$288$154$81$5
47 years$863$494$270$143$73$5
48 years$836$472$254$132$67$4
49 years$809$451$239$122$61$3
50 years$784$430$224$113$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $803,000, adding $5,515 every year, while hoping to spend $49,492 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: 51/35/14 Blend
53$803,000$803,000$803,000$803,000
54$890,595$848,036$835,589$932,370
55$928,776$836,930$810,922$950,492
56$969,194$823,622$783,770$964,515
57$1,012,022$807,951$753,998$978,650
58$1,057,455$789,746$721,463$992,923
59$1,105,701$768,830$686,018$1,007,365
60$1,156,990$745,010$647,507$1,022,012
61$1,211,574$718,087$605,769$1,036,908
62$1,269,728$687,846$560,636$1,052,106
63$1,331,752$654,062$511,929$1,067,666
64$1,397,977$616,497$459,464$1,083,659
65$1,468,763$574,899$403,050$1,100,169
66$1,544,508$529,000$342,483$1,117,292
67$1,625,646$478,519$277,554$1,135,136
68$1,712,654$423,158$208,044$1,153,831
69$1,806,053$362,602$133,722$1,173,520
70$1,906,419$296,517$54,350$1,194,369
71$2,014,381$224,554$0$1,216,568
72$2,130,630$146,339$0$1,244,866
73$2,255,926$61,482$0$1,283,930
74$2,391,104$0$0$1,325,951
75$2,537,080$0$0$1,383,004
76$2,694,860$0$0$1,470,329
77$2,865,553$0$0$1,564,868
78$3,050,375$0$0$1,667,304
79$3,250,663$0$0$1,778,388
80$3,467,889$0$0$1,898,944
81$3,703,671$0$0$2,029,880
82$3,959,787$0$0$2,172,195
83$4,238,194$0$0$2,326,987
84$4,541,046$0$0$2,495,465
85$4,870,711$0$0$2,678,958
86$5,229,797$0$0$2,878,929
87$5,621,171$0$0$3,096,988
88$6,047,989$0$0$3,334,909
89$6,513,728$0$0$3,594,642
90$7,022,210$0$0$3,878,333
91$7,577,645$0$0$4,188,348
92$8,184,670$0$0$4,527,289
93$8,848,384$0$0$4,898,021
94$9,574,408$0$0$5,303,700
95$10,368,926$0$0$5,747,800
96$11,238,749$0$0$6,234,146
97$12,191,379$0$0$6,766,952
98$13,235,074$0$0$7,350,857
99$14,378,932$0$0$7,990,971
100$15,632,970$0$0$8,692,922