Can I retire at age 54 with 806,000?

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 $806,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$66,559$65,966$65,387$64,823$64,272$62,616
2 years$32,950$32,336$31,741$31,165$30,606$28,949
3 years$21,748$21,132$20,539$19,968$19,417$17,811
4 years$16,149$15,534$14,947$14,386$13,849$12,305
5 years$12,790$12,179$11,599$11,049$10,528$9,051
6 years$10,551$9,945$9,374$8,836$8,330$6,922
7 years$8,953$8,352$7,790$7,265$6,775$5,435
8 years$7,755$7,159$6,606$6,094$5,620$4,349
9 years$6,823$6,233$5,690$5,191$4,733$3,529
10 years$6,079$5,494$4,961$4,475$4,033$2,894
11 years$5,470$4,891$4,367$3,894$3,468$2,393
12 years$4,963$4,390$3,876$3,416$3,006$1,992
13 years$4,534$3,967$3,463$3,016$2,621$1,667
14 years$4,167$3,606$3,111$2,677$2,297$1,402
15 years$3,849$3,294$2,809$2,387$2,023$1,182
16 years$3,571$3,023$2,547$2,138$1,788$1,000
17 years$3,326$2,784$2,318$1,921$1,585$849
18 years$3,108$2,572$2,116$1,731$1,409$721
19 years$2,914$2,384$1,937$1,564$1,256$614
20 years$2,739$2,215$1,778$1,417$1,122$524
21 years$2,581$2,063$1,635$1,286$1,004$447
22 years$2,438$1,926$1,507$1,169$900$382
23 years$2,307$1,801$1,391$1,065$808$327
24 years$2,188$1,688$1,287$971$726$280
25 years$2,078$1,584$1,192$887$654$240
26 years$1,977$1,489$1,105$811$589$205
27 years$1,883$1,401$1,026$742$531$176
28 years$1,796$1,320$954$680$479$151
29 years$1,716$1,245$888$624$432$130
30 years$1,641$1,176$827$572$391$111
31 years$1,571$1,112$771$526$353$95
32 years$1,505$1,052$719$483$320$82
33 years$1,443$996$672$444$289$70
34 years$1,386$944$628$409$262$60
35 years$1,331$896$587$376$237$52
36 years$1,280$850$549$346$215$45
37 years$1,232$807$514$319$195$38
38 years$1,186$767$481$294$177$33
39 years$1,143$730$451$271$160$28
40 years$1,102$694$423$250$145$24
41 years$1,063$661$396$231$132$21
42 years$1,026$629$372$213$120$18
43 years$991$600$349$197$108$15
44 years$958$572$327$182$98$13
45 years$926$545$307$168$89$11
46 years$895$520$289$155$81$10
47 years$866$496$271$143$74$8
48 years$839$474$255$132$67$7
49 years$812$452$240$122$61$6
50 years$787$432$225$113$55$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $806,000, adding $2,234 every year, while hoping to spend $36,873 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: 52/31/17 Blend
53$806,000$806,000$806,000$806,000
54$890,516$847,798$835,305$932,586
55$942,116$850,108$824,056$964,000
56$997,744$851,295$811,193$994,094
57$1,057,771$851,265$796,625$1,026,017
58$1,122,605$849,919$780,254$1,059,953
59$1,192,696$847,151$761,978$1,096,107
60$1,268,538$842,848$741,690$1,134,707
61$1,350,672$836,890$719,281$1,176,005
62$1,439,696$829,153$694,631$1,220,282
63$1,536,264$819,501$667,621$1,267,849
64$1,641,099$807,792$638,122$1,319,050
65$1,754,992$793,875$606,000$1,374,267
66$1,878,818$777,592$571,118$1,433,925
67$2,013,536$758,772$533,329$1,498,493
68$2,160,202$737,237$492,481$1,568,491
69$2,319,978$712,798$448,415$1,644,496
70$2,494,144$685,253$400,964$1,727,147
71$2,684,107$654,390$349,957$1,817,151
72$2,891,416$619,986$295,211$1,915,291
73$3,117,777$581,802$236,537$2,022,434
74$3,365,067$539,587$173,737$2,139,539
75$3,635,353$493,075$106,607$2,267,669
76$3,930,910$441,987$34,929$2,407,998
77$4,254,243$386,025$0$2,561,826
78$4,608,112$324,876$0$2,738,130
79$4,995,553$258,208$0$2,938,213
80$5,419,911$185,673$0$3,157,535
81$5,884,871$106,899$0$3,398,086
82$6,394,488$21,498$0$3,662,064
83$6,953,232$0$0$3,951,895
84$7,566,022$0$0$4,294,457
85$8,238,279$0$0$4,678,391
86$8,975,973$0$0$5,099,781
87$9,785,679$0$0$5,562,395
88$10,674,641$0$0$6,070,382
89$11,650,838$0$0$6,628,314
90$12,723,060$0$0$7,241,225
91$13,900,989$0$0$7,914,663
92$15,195,293$0$0$8,654,740
93$16,617,723$0$0$9,468,186
94$18,181,224$0$0$10,362,421
95$19,900,060$0$0$11,345,614
96$21,789,944$0$0$12,426,768
97$23,868,189$0$0$13,615,804
98$26,153,868$0$0$14,923,649
99$28,667,998$0$0$16,362,343
100$31,433,731$0$0$17,945,154