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%16.7%
1 years$66,311$65,720$65,144$64,582$64,032$62,282
2 years$32,827$32,216$31,623$31,049$30,492$28,741
3 years$21,667$21,053$20,462$19,893$19,345$17,649
4 years$16,089$15,476$14,891$14,332$13,797$12,169
5 years$12,742$12,134$11,556$11,008$10,488$8,932
6 years$10,512$9,908$9,339$8,803$8,299$6,816
7 years$8,920$8,321$7,761$7,238$6,749$5,340
8 years$7,726$7,132$6,582$6,072$5,599$4,263
9 years$6,798$6,210$5,669$5,172$4,715$3,450
10 years$6,056$5,474$4,942$4,458$4,018$2,823
11 years$5,449$4,873$4,351$3,880$3,455$2,328
12 years$4,944$4,374$3,862$3,403$2,994$1,933
13 years$4,517$3,953$3,450$3,004$2,611$1,614
14 years$4,151$3,593$3,100$2,667$2,289$1,353
15 years$3,834$3,282$2,799$2,379$2,015$1,138
16 years$3,558$3,011$2,538$2,130$1,781$960
17 years$3,314$2,773$2,309$1,914$1,579$812
18 years$3,097$2,563$2,108$1,724$1,404$688
19 years$2,903$2,375$1,930$1,558$1,252$584
20 years$2,729$2,207$1,771$1,411$1,118$496
21 years$2,572$2,056$1,629$1,281$1,000$423
22 years$2,429$1,919$1,501$1,165$897$360
23 years$2,299$1,795$1,386$1,061$805$307
24 years$2,180$1,682$1,282$967$724$262
25 years$2,070$1,578$1,187$883$651$224
26 years$1,969$1,483$1,101$808$586$191
27 years$1,876$1,396$1,023$739$529$163
28 years$1,790$1,315$951$677$477$140
29 years$1,709$1,241$885$621$431$119
30 years$1,635$1,172$824$570$389$102
31 years$1,565$1,108$768$524$352$87
32 years$1,499$1,048$717$481$318$75
33 years$1,438$993$669$442$288$64
34 years$1,381$941$625$407$261$55
35 years$1,326$892$585$375$236$47
36 years$1,275$847$547$345$214$40
37 years$1,227$804$512$318$194$34
38 years$1,182$764$479$293$176$29
39 years$1,139$727$449$270$160$25
40 years$1,098$692$421$249$145$22
41 years$1,059$658$395$230$131$19
42 years$1,022$627$370$212$119$16
43 years$987$597$347$196$108$14
44 years$954$569$326$181$98$12
45 years$922$543$306$167$89$10
46 years$892$518$288$154$81$9
47 years$863$494$270$143$73$7
48 years$836$472$254$132$67$6
49 years$809$451$239$122$61$5
50 years$784$430$224$113$55$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $803,000, adding $2,686 every year, while hoping to spend $40,192 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: 40/40/20 Blend
53$803,000$803,000$803,000$803,000
54$887,677$845,118$832,671$917,826
55$935,456$843,764$817,802$938,301
56$986,761$840,998$801,087$956,391
57$1,041,910$836,706$782,423$975,136
58$1,101,251$830,771$761,700$994,616
59$1,165,167$823,067$738,805$1,014,924
60$1,234,076$813,460$713,618$1,036,164
61$1,308,442$801,809$686,014$1,058,456
62$1,388,770$787,965$655,862$1,081,932
63$1,475,618$771,768$623,027$1,106,744
64$1,569,598$753,052$587,366$1,133,062
65$1,671,384$731,638$548,729$1,161,076
66$1,781,714$707,338$506,961$1,191,004
67$1,901,404$679,952$461,899$1,223,084
68$2,031,348$649,270$413,372$1,257,590
69$2,172,529$615,069$361,205$1,294,824
70$2,326,032$577,112$305,210$1,335,127
71$2,493,047$535,150$245,194$1,378,879
72$2,674,885$488,920$180,955$1,426,505
73$2,872,988$438,142$112,282$1,478,481
74$3,088,944$382,521$38,955$1,535,337
75$3,324,499$321,747$0$1,597,665
76$3,581,575$255,491$0$1,674,512
77$3,862,290$183,404$0$1,767,643
78$4,168,973$105,119$0$1,869,608
79$4,504,188$20,250$0$1,981,376
80$4,870,759$0$0$2,104,019
81$5,271,796$0$0$2,270,247
82$5,710,721$0$0$2,462,038
83$6,191,305$0$0$2,672,139
84$6,717,697$0$0$2,902,378
85$7,294,471$0$0$3,154,768
86$7,926,660$0$0$3,431,527
87$8,619,810$0$0$3,735,097
88$9,380,026$0$0$4,068,168
89$10,214,035$0$0$4,433,703
90$11,129,247$0$0$4,834,967
91$12,133,822$0$0$5,275,553
92$13,236,750$0$0$5,759,423
93$14,447,932$0$0$6,290,939
94$15,778,278$0$0$6,874,907
95$17,239,803$0$0$7,516,623
96$18,845,747$0$0$8,221,918
97$20,610,692$0$0$8,997,219
98$22,550,707$0$0$9,849,607
99$24,683,491$0$0$10,786,879
100$27,028,546$0$0$11,817,631