Can I retire at age 54 with 805,000?

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 $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%11.2%
1 years$66,476$65,884$65,306$64,742$64,192$63,868
2 years$32,909$32,296$31,702$31,126$30,568$30,240
3 years$21,721$21,106$20,513$19,943$19,393$19,073
4 years$16,129$15,515$14,928$14,368$13,831$13,521
5 years$12,774$12,164$11,585$11,036$10,514$10,215
6 years$10,538$9,933$9,362$8,825$8,320$8,031
7 years$8,942$8,342$7,780$7,256$6,766$6,488
8 years$7,745$7,150$6,598$6,087$5,613$5,346
9 years$6,815$6,226$5,683$5,185$4,727$4,471
10 years$6,071$5,488$4,955$4,469$4,028$3,783
11 years$5,463$4,885$4,362$3,889$3,464$3,230
12 years$4,956$4,385$3,871$3,412$3,002$2,778
13 years$4,528$3,963$3,459$3,012$2,618$2,404
14 years$4,162$3,602$3,108$2,674$2,295$2,091
15 years$3,844$3,290$2,806$2,384$2,020$1,827
16 years$3,566$3,019$2,544$2,135$1,786$1,602
17 years$3,322$2,780$2,315$1,918$1,583$1,409
18 years$3,105$2,569$2,113$1,729$1,408$1,242
19 years$2,910$2,381$1,934$1,562$1,255$1,098
20 years$2,736$2,213$1,775$1,415$1,121$972
21 years$2,578$2,061$1,633$1,284$1,003$862
22 years$2,435$1,924$1,505$1,167$899$766
23 years$2,305$1,799$1,390$1,063$807$682
24 years$2,185$1,686$1,285$970$725$607
25 years$2,075$1,582$1,190$886$653$541
26 years$1,974$1,487$1,104$810$588$483
27 years$1,881$1,399$1,025$741$530$432
28 years$1,794$1,319$953$679$478$386
29 years$1,714$1,244$887$623$432$345
30 years$1,639$1,175$826$572$390$309
31 years$1,569$1,110$770$525$353$277
32 years$1,503$1,051$719$482$319$248
33 years$1,442$995$671$444$289$222
34 years$1,384$943$627$408$261$199
35 years$1,330$895$586$376$237$178
36 years$1,279$849$548$346$215$160
37 years$1,230$806$513$319$194$144
38 years$1,185$766$481$294$176$129
39 years$1,141$729$450$271$160$116
40 years$1,101$693$422$250$145$104
41 years$1,062$660$396$231$132$93
42 years$1,025$629$371$213$119$84
43 years$990$599$348$196$108$75
44 years$956$571$327$181$98$68
45 years$925$544$307$168$89$61
46 years$894$519$288$155$81$55
47 years$865$496$271$143$74$49
48 years$838$473$255$132$67$44
49 years$811$452$239$122$61$40
50 years$786$432$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 $805,000, adding $6,505 every year, while hoping to spend $29,711 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: 56/38/6 Blend
53$805,000$805,000$805,000$805,000
54$893,820$851,155$838,677$942,366
55$953,377$861,249$835,161$985,906
56$1,018,014$870,842$830,531$1,029,408
57$1,088,216$879,878$824,718$1,076,053
58$1,164,519$888,298$817,652$1,126,141
59$1,247,513$896,037$809,255$1,180,007
60$1,337,844$903,028$799,450$1,238,019
61$1,436,226$909,198$788,154$1,300,583
62$1,543,444$914,472$775,280$1,368,146
63$1,660,361$918,766$760,738$1,441,204
64$1,787,927$921,995$744,432$1,520,303
65$1,927,189$924,066$726,263$1,606,045
66$2,079,297$924,880$706,128$1,699,096
67$2,245,520$924,334$683,918$1,800,189
68$2,427,253$922,316$659,519$1,910,135
69$2,626,032$918,709$632,812$2,029,827
70$2,843,549$913,388$603,674$2,160,253
71$3,081,668$906,221$571,973$2,302,502
72$3,342,439$897,066$537,575$2,457,774
73$3,628,121$885,776$500,338$2,627,396
74$3,941,203$872,193$460,113$2,812,831
75$4,284,425$856,149$416,745$3,015,695
76$4,660,803$837,467$370,073$3,237,768
77$5,073,662$815,960$319,927$3,481,018
78$5,526,662$791,429$266,132$3,747,612
79$6,023,837$763,664$208,502$4,039,945
80$6,569,626$732,442$146,845$4,360,657
81$7,168,925$697,528$80,961$4,712,661
82$7,827,121$658,673$10,639$5,099,171
83$8,550,153$615,613$0$5,523,734
84$9,344,561$568,071$0$5,994,383
85$10,217,550$515,751$0$6,512,305
86$11,177,060$458,342$0$7,081,593
87$12,231,836$395,516$0$7,707,514
88$13,391,512$326,926$0$8,395,874
89$14,666,704$252,203$0$9,153,078
90$16,069,107$170,960$0$9,986,189
91$17,611,607$82,788$0$10,902,995
92$19,308,400$0$0$11,912,087
93$21,175,130$0$0$13,028,264
94$23,229,029$0$0$14,294,527
95$25,489,089$0$0$15,687,978
96$27,976,232$0$0$17,221,525
97$30,713,512$0$0$18,909,395
98$33,726,331$0$0$20,767,264
99$37,042,680$0$0$22,812,402
100$40,693,397$0$0$25,063,840