Can I retire at age 54 with 803,000?

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 $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%20%
1 years$66,311$65,720$65,144$64,582$64,032$61,468
2 years$32,827$32,216$31,623$31,049$30,492$27,940
3 years$21,667$21,053$20,462$19,893$19,345$16,887
4 years$16,089$15,476$14,891$14,332$13,797$11,451
5 years$12,742$12,134$11,556$11,008$10,488$8,260
6 years$10,512$9,908$9,339$8,803$8,299$6,190
7 years$8,920$8,321$7,761$7,238$6,749$4,759
8 years$7,726$7,132$6,582$6,072$5,599$3,726
9 years$6,798$6,210$5,669$5,172$4,715$2,955
10 years$6,056$5,474$4,942$4,458$4,018$2,368
11 years$5,449$4,873$4,351$3,880$3,455$1,912
12 years$4,944$4,374$3,862$3,403$2,994$1,553
13 years$4,517$3,953$3,450$3,004$2,611$1,267
14 years$4,151$3,593$3,100$2,667$2,289$1,038
15 years$3,834$3,282$2,799$2,379$2,015$853
16 years$3,558$3,011$2,538$2,130$1,781$703
17 years$3,314$2,773$2,309$1,914$1,579$580
18 years$3,097$2,563$2,108$1,724$1,404$480
19 years$2,903$2,375$1,930$1,558$1,252$397
20 years$2,729$2,207$1,771$1,411$1,118$329
21 years$2,572$2,056$1,629$1,281$1,000$273
22 years$2,429$1,919$1,501$1,165$897$227
23 years$2,299$1,795$1,386$1,061$805$188
24 years$2,180$1,682$1,282$967$724$157
25 years$2,070$1,578$1,187$883$651$130
26 years$1,969$1,483$1,101$808$586$108
27 years$1,876$1,396$1,023$739$529$90
28 years$1,790$1,315$951$677$477$75
29 years$1,709$1,241$885$621$431$62
30 years$1,635$1,172$824$570$389$52
31 years$1,565$1,108$768$524$352$43
32 years$1,499$1,048$717$481$318$36
33 years$1,438$993$669$442$288$30
34 years$1,381$941$625$407$261$25
35 years$1,326$892$585$375$236$21
36 years$1,275$847$547$345$214$17
37 years$1,227$804$512$318$194$14
38 years$1,182$764$479$293$176$12
39 years$1,139$727$449$270$160$10
40 years$1,098$692$421$249$145$8
41 years$1,059$658$395$230$131$7
42 years$1,022$627$370$212$119$6
43 years$987$597$347$196$108$5
44 years$954$569$326$181$98$4
45 years$922$543$306$167$89$3
46 years$892$518$288$154$81$3
47 years$863$494$270$143$73$2
48 years$836$472$254$132$67$2
49 years$809$451$239$122$61$2
50 years$784$430$224$113$55$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $803,000, adding $4,312 every year, while hoping to spend $22,966 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: 64/28/8 Blend
53$803,000$803,000$803,000$803,000
54$889,354$846,795$834,348$944,585
55$955,632$863,852$837,863$998,989
56$1,027,901$880,976$840,726$1,055,288
57$1,106,748$898,144$842,891$1,116,184
58$1,192,818$915,335$844,310$1,182,121
59$1,286,822$932,523$844,931$1,253,589
60$1,389,544$949,682$844,702$1,331,129
61$1,501,844$966,783$843,566$1,415,334
62$1,624,671$983,795$841,465$1,506,861
63$1,759,071$1,000,684$838,337$1,606,430
64$1,906,193$1,017,415$834,118$1,714,838
65$2,067,304$1,033,947$828,741$1,832,961
66$2,243,798$1,050,240$822,133$1,961,764
67$2,437,213$1,066,249$814,221$2,102,312
68$2,649,239$1,081,925$804,928$2,255,776
69$2,881,739$1,097,217$794,171$2,423,451
70$3,136,766$1,112,071$781,866$2,606,759
71$3,416,581$1,126,427$767,922$2,807,270
72$3,723,672$1,140,221$752,248$3,026,715
73$4,060,782$1,153,388$734,744$3,266,998
74$4,430,933$1,165,855$715,308$3,530,223
75$4,837,451$1,177,545$693,834$3,818,703
76$5,284,003$1,188,376$670,210$4,134,993
77$5,774,627$1,198,262$644,317$4,481,903
78$6,313,771$1,207,110$616,034$4,862,536
79$6,906,338$1,214,820$585,233$5,280,307
80$7,557,726$1,221,288$551,780$5,738,985
81$8,273,884$1,226,401$515,535$6,242,718
82$9,061,366$1,230,041$476,352$6,796,084
83$9,927,394$1,232,081$434,077$7,404,125
84$10,879,922$1,232,387$388,553$8,072,399
85$11,927,715$1,230,815$339,611$8,807,034
86$13,080,432$1,227,215$287,078$9,614,780
87$14,348,712$1,221,425$230,771$10,503,082
88$15,744,281$1,213,275$170,502$11,480,141
89$17,280,056$1,202,583$106,072$12,555,000
90$18,970,270$1,189,159$37,274$13,737,623
91$20,830,607$1,172,797$0$15,038,995
92$22,878,348$1,153,283$0$16,474,306
93$25,132,533$1,130,387$0$18,057,411
94$27,614,144$1,103,869$0$19,799,850
95$30,346,299$1,073,470$0$21,717,853
96$33,354,473$1,038,922$0$23,829,307
97$36,666,735$999,935$0$26,153,926
98$40,314,016$956,205$0$28,713,433
99$44,330,399$907,413$0$31,531,773
100$48,753,440$853,216$0$34,635,334