Can I retire at age 54 with 804,000?

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 $804,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$66,394$65,802$65,225$64,662$64,112$63,788
2 years$32,868$32,256$31,663$31,088$30,530$30,203
3 years$21,694$21,080$20,488$19,918$19,369$19,050
4 years$16,109$15,496$14,910$14,350$13,814$13,504
5 years$12,758$12,149$11,571$11,022$10,501$10,202
6 years$10,525$9,920$9,351$8,814$8,309$8,021
7 years$8,931$8,331$7,771$7,247$6,758$6,480
8 years$7,736$7,141$6,590$6,079$5,606$5,340
9 years$6,806$6,218$5,676$5,178$4,721$4,466
10 years$6,063$5,481$4,949$4,464$4,023$3,778
11 years$5,456$4,879$4,357$3,885$3,460$3,226
12 years$4,950$4,379$3,866$3,407$2,998$2,775
13 years$4,523$3,958$3,454$3,008$2,614$2,401
14 years$4,156$3,597$3,104$2,670$2,292$2,089
15 years$3,839$3,286$2,802$2,381$2,018$1,825
16 years$3,562$3,015$2,541$2,132$1,783$1,600
17 years$3,318$2,777$2,312$1,916$1,581$1,407
18 years$3,101$2,566$2,110$1,727$1,406$1,241
19 years$2,907$2,378$1,932$1,560$1,253$1,096
20 years$2,733$2,210$1,773$1,413$1,119$971
21 years$2,575$2,058$1,631$1,282$1,002$861
22 years$2,432$1,921$1,503$1,166$898$765
23 years$2,302$1,797$1,388$1,062$806$681
24 years$2,182$1,684$1,284$969$724$607
25 years$2,073$1,580$1,189$884$652$541
26 years$1,972$1,485$1,103$809$587$483
27 years$1,878$1,398$1,024$740$529$431
28 years$1,792$1,317$952$678$478$385
29 years$1,712$1,242$886$622$431$345
30 years$1,637$1,173$825$571$390$308
31 years$1,567$1,109$769$524$352$276
32 years$1,501$1,049$718$482$319$247
33 years$1,440$994$670$443$288$222
34 years$1,382$942$626$408$261$199
35 years$1,328$893$585$375$237$178
36 years$1,277$848$548$346$214$160
37 years$1,229$805$513$318$194$143
38 years$1,183$765$480$293$176$129
39 years$1,140$728$450$271$160$116
40 years$1,099$692$421$250$145$104
41 years$1,060$659$395$230$131$93
42 years$1,024$628$371$213$119$84
43 years$989$598$348$196$108$75
44 years$955$570$327$181$98$68
45 years$924$544$307$167$89$61
46 years$893$519$288$155$81$55
47 years$864$495$271$143$74$49
48 years$837$473$254$132$67$44
49 years$810$451$239$122$61$40
50 years$785$431$225$113$55$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $804,000, adding $6,646 every year, while hoping to spend $59,860 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: 69/20/11 Blend
53$804,000$804,000$804,000$804,000
54$892,863$850,251$837,789$951,967
55$920,245$828,223$802,165$970,032
56$948,413$803,109$763,340$981,937
57$977,385$774,695$721,146$993,382
58$1,007,177$742,754$675,404$1,004,313
59$1,037,806$707,047$625,927$1,014,671
60$1,069,289$667,318$572,521$1,024,393
61$1,101,639$623,300$514,984$1,033,413
62$1,134,873$574,708$453,102$1,041,656
63$1,169,004$521,242$386,655$1,049,046
64$1,204,045$462,586$315,411$1,055,501
65$1,240,008$398,403$239,128$1,060,931
66$1,276,904$328,340$157,553$1,065,242
67$1,314,741$252,021$70,424$1,068,332
68$1,353,526$169,052$0$1,070,093
69$1,393,265$79,015$0$1,073,056
70$1,433,961$0$0$1,083,443
71$1,475,612$0$0$1,096,959
72$1,518,217$0$0$1,128,565
73$1,561,769$0$0$1,160,866
74$1,606,256$0$0$1,193,854
75$1,651,665$0$0$1,227,515
76$1,697,975$0$0$1,261,834
77$1,745,160$0$0$1,296,791
78$1,793,189$0$0$1,332,360
79$1,842,023$0$0$1,368,511
80$1,891,614$0$0$1,405,207
81$1,941,908$0$0$1,442,406
82$1,992,837$0$0$1,480,055
83$2,044,327$0$0$1,518,096
84$2,096,288$0$0$1,556,460
85$2,148,617$0$0$1,595,068
86$2,201,196$0$0$1,633,830
87$2,253,892$0$0$1,672,641
88$2,306,549$0$0$1,711,384
89$2,358,995$0$0$1,749,925
90$2,411,031$0$0$1,788,112
91$2,462,435$0$0$1,825,775
92$2,512,955$0$0$1,862,721
93$2,562,307$0$0$1,898,733
94$2,610,173$0$0$1,933,567
95$2,656,197$0$0$1,966,951
96$2,699,979$0$0$1,998,580
97$2,741,071$0$0$2,028,111
98$2,778,973$0$0$2,055,163
99$2,813,129$0$0$2,079,310
100$2,842,916$0$0$2,100,078