Can I retire at age 54 with 807,000?

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 $807,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$66,641$66,048$65,469$64,903$64,351$63,495
2 years$32,991$32,376$31,781$31,203$30,643$29,782
3 years$21,775$21,158$20,564$19,992$19,441$18,601
4 years$16,169$15,554$14,966$14,403$13,866$13,054
5 years$12,806$12,194$11,614$11,063$10,541$9,759
6 years$10,564$9,957$9,386$8,847$8,340$7,591
7 years$8,964$8,362$7,800$7,274$6,783$6,065
8 years$7,764$7,168$6,615$6,102$5,627$4,941
9 years$6,832$6,241$5,697$5,197$4,739$4,084
10 years$6,086$5,501$4,967$4,480$4,038$3,414
11 years$5,476$4,897$4,373$3,899$3,473$2,879
12 years$4,969$4,396$3,881$3,420$3,009$2,445
13 years$4,539$3,972$3,467$3,019$2,624$2,089
14 years$4,172$3,611$3,115$2,680$2,300$1,793
15 years$3,854$3,298$2,813$2,390$2,025$1,546
16 years$3,575$3,026$2,550$2,140$1,790$1,337
17 years$3,330$2,787$2,321$1,923$1,587$1,159
18 years$3,112$2,575$2,118$1,733$1,411$1,008
19 years$2,918$2,387$1,939$1,566$1,258$878
20 years$2,743$2,218$1,780$1,418$1,124$766
21 years$2,585$2,066$1,637$1,287$1,005$670
22 years$2,441$1,929$1,509$1,170$901$586
23 years$2,310$1,804$1,393$1,066$809$514
24 years$2,191$1,690$1,288$972$727$451
25 years$2,081$1,586$1,193$888$654$396
26 years$1,979$1,491$1,107$812$589$347
27 years$1,885$1,403$1,028$743$531$305
28 years$1,799$1,322$955$681$479$269
29 years$1,718$1,247$889$624$433$237
30 years$1,643$1,178$828$573$391$208
31 years$1,572$1,113$772$526$354$183
32 years$1,507$1,053$720$484$320$162
33 years$1,445$998$673$445$290$142
34 years$1,387$945$628$409$262$126
35 years$1,333$897$588$377$237$111
36 years$1,282$851$550$347$215$98
37 years$1,233$808$514$320$195$86
38 years$1,188$768$482$295$177$76
39 years$1,144$731$451$272$160$67
40 years$1,103$695$423$251$145$59
41 years$1,064$662$397$231$132$52
42 years$1,027$630$372$213$120$46
43 years$992$600$349$197$109$41
44 years$959$572$328$182$99$36
45 years$927$546$308$168$90$32
46 years$897$521$289$155$81$28
47 years$868$497$272$143$74$25
48 years$840$474$255$132$67$22
49 years$813$453$240$122$61$19
50 years$788$433$225$113$55$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $807,000, adding $5,155 every year, while hoping to spend $43,463 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: 84/9/7 Blend
53$807,000$807,000$807,000$807,000
54$894,631$851,860$839,352$968,798
55$939,639$847,357$821,226$1,013,491
56$987,782$841,177$801,036$1,056,145
57$1,039,332$833,191$778,667$1,101,631
58$1,094,590$823,264$753,999$1,150,204
59$1,153,886$811,251$726,906$1,202,147
60$1,217,581$797,001$697,256$1,257,770
61$1,286,072$780,352$664,911$1,317,416
62$1,359,795$761,132$629,729$1,381,462
63$1,439,227$739,161$591,558$1,450,322
64$1,524,894$714,246$550,241$1,524,454
65$1,617,374$686,185$505,615$1,604,361
66$1,717,300$654,762$457,507$1,690,597
67$1,825,370$619,750$405,739$1,783,774
68$1,942,349$580,910$350,123$1,884,565
69$2,069,081$537,986$290,464$1,993,710
70$2,206,490$490,710$226,557$2,112,028
71$2,355,595$438,798$158,190$2,240,420
72$2,517,517$381,950$85,140$2,379,876
73$2,693,486$319,849$7,175$2,531,492
74$2,884,858$252,158$0$2,696,473
75$3,093,125$178,525$0$2,881,826
76$3,319,926$98,575$0$3,084,278
77$3,567,067$11,913$0$3,304,925
78$3,836,534$0$0$3,545,569
79$4,130,514$0$0$3,816,300
80$4,451,414$0$0$4,113,122
81$4,801,883$0$0$4,437,309
82$5,184,836$0$0$4,791,559
83$5,603,486$0$0$5,178,844
84$6,061,366$0$0$5,602,437
85$6,562,369$0$0$6,065,939
86$7,110,781$0$0$6,573,319
87$7,711,321$0$0$7,128,944
88$8,369,187$0$0$7,737,625
89$9,090,101$0$0$8,404,659
90$9,880,366$0$0$9,135,881
91$10,746,926$0$0$9,937,718
92$11,697,426$0$0$10,817,246
93$12,740,288$0$0$11,782,261
94$13,884,788$0$0$12,841,350
95$15,141,144$0$0$14,003,971
96$16,520,611$0$0$15,280,542
97$18,035,590$0$0$16,682,541
98$19,699,737$0$0$18,222,610
99$21,528,099$0$0$19,914,678
100$23,537,253$0$0$21,774,088