Can I retire at age 54 with 805,000?

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 $805,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$66,476$65,884$65,306$64,742$64,192$63,521
2 years$32,909$32,296$31,702$31,126$30,568$29,892
3 years$21,721$21,106$20,513$19,943$19,393$18,734
4 years$16,129$15,515$14,928$14,368$13,831$13,194
5 years$12,774$12,164$11,585$11,036$10,514$9,900
6 years$10,538$9,933$9,362$8,825$8,320$7,729
7 years$8,942$8,342$7,780$7,256$6,766$6,200
8 years$7,745$7,150$6,598$6,087$5,613$5,071
9 years$6,815$6,226$5,683$5,185$4,727$4,209
10 years$6,071$5,488$4,955$4,469$4,028$3,533
11 years$5,463$4,885$4,362$3,889$3,464$2,993
12 years$4,956$4,385$3,871$3,412$3,002$2,553
13 years$4,528$3,963$3,459$3,012$2,618$2,191
14 years$4,162$3,602$3,108$2,674$2,295$1,890
15 years$3,844$3,290$2,806$2,384$2,020$1,637
16 years$3,566$3,019$2,544$2,135$1,786$1,422
17 years$3,322$2,780$2,315$1,918$1,583$1,239
18 years$3,105$2,569$2,113$1,729$1,408$1,083
19 years$2,910$2,381$1,934$1,562$1,255$948
20 years$2,736$2,213$1,775$1,415$1,121$832
21 years$2,578$2,061$1,633$1,284$1,003$731
22 years$2,435$1,924$1,505$1,167$899$643
23 years$2,305$1,799$1,390$1,063$807$567
24 years$2,185$1,686$1,285$970$725$500
25 years$2,075$1,582$1,190$886$653$441
26 years$1,974$1,487$1,104$810$588$390
27 years$1,881$1,399$1,025$741$530$344
28 years$1,794$1,319$953$679$478$305
29 years$1,714$1,244$887$623$432$270
30 years$1,639$1,175$826$572$390$239
31 years$1,569$1,110$770$525$353$212
32 years$1,503$1,051$719$482$319$188
33 years$1,442$995$671$444$289$166
34 years$1,384$943$627$408$261$147
35 years$1,330$895$586$376$237$131
36 years$1,279$849$548$346$215$116
37 years$1,230$806$513$319$194$103
38 years$1,185$766$481$294$176$91
39 years$1,141$729$450$271$160$81
40 years$1,101$693$422$250$145$72
41 years$1,062$660$396$231$132$64
42 years$1,025$629$371$213$119$57
43 years$990$599$348$196$108$50
44 years$956$571$327$181$98$45
45 years$925$544$307$168$89$40
46 years$894$519$288$155$81$35
47 years$865$496$271$143$74$31
48 years$838$473$255$132$67$28
49 years$811$452$239$122$61$25
50 years$786$432$225$113$55$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $805,000, adding $2,335 every year, while hoping to spend $30,819 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: 48/23/29 Blend
53$805,000$805,000$805,000$805,000
54$889,519$846,854$834,376$924,747
55$947,458$855,558$829,536$958,506
56$1,010,275$863,656$823,502$991,951
57$1,078,433$871,086$816,200$1,027,683
58$1,152,445$877,781$807,554$1,065,933
59$1,232,872$883,670$797,485$1,106,958
60$1,320,334$888,678$785,909$1,151,042
61$1,415,510$892,725$772,739$1,198,500
62$1,519,150$895,727$757,884$1,249,680
63$1,632,078$897,592$741,248$1,304,969
64$1,755,201$898,225$722,730$1,364,791
65$1,889,517$897,524$702,227$1,429,620
66$2,036,124$895,379$679,629$1,499,977
67$2,196,233$891,677$654,820$1,576,441
68$2,371,174$886,294$627,682$1,659,651
69$2,562,413$879,102$598,089$1,750,312
70$2,771,564$869,963$565,910$1,849,207
71$3,000,404$858,732$531,008$1,957,198
72$3,250,889$845,253$493,240$2,075,242
73$3,525,173$829,364$452,457$2,204,393
74$3,825,629$810,892$408,503$2,345,818
75$4,154,870$789,652$361,215$2,500,806
76$4,515,773$765,450$310,421$2,670,780
77$4,911,506$738,082$255,945$2,857,315
78$5,345,561$707,329$197,600$3,062,149
79$5,821,781$672,961$135,193$3,287,202
80$6,344,401$634,735$68,520$3,534,594
81$6,918,086$592,393$0$3,806,667
82$7,547,973$545,663$0$4,106,821
83$8,239,723$494,256$0$4,459,778
84$8,999,569$437,869$0$4,847,536
85$9,834,380$376,180$0$5,273,651
86$10,751,723$308,849$0$5,742,042
87$11,759,934$235,518$0$6,257,031
88$12,868,195$155,806$0$6,823,385
89$14,086,625$69,314$0$7,446,357
90$15,426,369$0$0$8,131,741
91$16,899,709$0$0$8,892,096
92$18,520,175$0$0$9,747,772
93$20,302,675$0$0$10,689,110
94$22,263,633$0$0$11,724,797
95$24,421,146$0$0$12,864,404
96$26,795,154$0$0$14,118,477
97$29,407,627$0$0$15,498,636
98$32,282,773$0$0$17,017,683
99$35,447,263$0$0$18,689,725
100$38,930,489$0$0$20,530,308