Can I retire at age 54 with 807,000?

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 $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%16%
1 years$66,641$66,048$65,469$64,903$64,351$62,770
2 years$32,991$32,376$31,781$31,203$30,643$29,060
3 years$21,775$21,158$20,564$19,992$19,441$17,906
4 years$16,169$15,554$14,966$14,403$13,866$12,389
5 years$12,806$12,194$11,614$11,063$10,541$9,127
6 years$10,564$9,957$9,386$8,847$8,340$6,992
7 years$8,964$8,362$7,800$7,274$6,783$5,499
8 years$7,764$7,168$6,615$6,102$5,627$4,408
9 years$6,832$6,241$5,697$5,197$4,739$3,583
10 years$6,086$5,501$4,967$4,480$4,038$2,944
11 years$5,476$4,897$4,373$3,899$3,473$2,439
12 years$4,969$4,396$3,881$3,420$3,009$2,035
13 years$4,539$3,972$3,467$3,019$2,624$1,706
14 years$4,172$3,611$3,115$2,680$2,300$1,437
15 years$3,854$3,298$2,813$2,390$2,025$1,215
16 years$3,575$3,026$2,550$2,140$1,790$1,030
17 years$3,330$2,787$2,321$1,923$1,587$876
18 years$3,112$2,575$2,118$1,733$1,411$746
19 years$2,918$2,387$1,939$1,566$1,258$637
20 years$2,743$2,218$1,780$1,418$1,124$544
21 years$2,585$2,066$1,637$1,287$1,005$466
22 years$2,441$1,929$1,509$1,170$901$399
23 years$2,310$1,804$1,393$1,066$809$342
24 years$2,191$1,690$1,288$972$727$293
25 years$2,081$1,586$1,193$888$654$252
26 years$1,979$1,491$1,107$812$589$216
27 years$1,885$1,403$1,028$743$531$186
28 years$1,799$1,322$955$681$479$160
29 years$1,718$1,247$889$624$433$138
30 years$1,643$1,178$828$573$391$118
31 years$1,572$1,113$772$526$354$102
32 years$1,507$1,053$720$484$320$88
33 years$1,445$998$673$445$290$76
34 years$1,387$945$628$409$262$65
35 years$1,333$897$588$377$237$56
36 years$1,282$851$550$347$215$48
37 years$1,233$808$514$320$195$42
38 years$1,188$768$482$295$177$36
39 years$1,144$731$451$272$160$31
40 years$1,103$695$423$251$145$27
41 years$1,064$662$397$231$132$23
42 years$1,027$630$372$213$120$20
43 years$992$600$349$197$109$17
44 years$959$572$328$182$99$15
45 years$927$546$308$168$90$13
46 years$897$521$289$155$81$11
47 years$868$497$272$143$74$9
48 years$840$474$255$132$67$8
49 years$813$453$240$122$61$7
50 years$788$433$225$113$55$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $807,000, adding $4,032 every year, while hoping to spend $52,462 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: 76/11/13 Blend
53$807,000$807,000$807,000$807,000
54$893,473$850,702$838,194$958,717
55$928,788$836,567$810,454$988,170
56$965,947$819,982$780,027$1,013,443
57$1,005,082$800,770$746,766$1,039,692
58$1,046,339$778,745$710,521$1,066,997
59$1,089,874$753,712$671,132$1,095,446
60$1,135,859$725,462$628,432$1,125,136
61$1,184,481$693,774$582,249$1,156,176
62$1,235,944$658,415$532,401$1,188,685
63$1,290,472$619,140$478,699$1,222,797
64$1,348,309$575,686$420,944$1,258,660
65$1,409,721$527,779$358,929$1,296,436
66$1,474,999$475,126$292,440$1,336,308
67$1,544,462$417,420$221,250$1,378,477
68$1,618,459$354,336$145,124$1,423,167
69$1,697,373$285,529$63,816$1,470,624
70$1,781,621$210,637$0$1,521,124
71$1,871,663$129,274$0$1,578,155
72$1,968,001$41,037$0$1,648,522
73$2,071,186$0$0$1,723,777
74$2,181,824$0$0$1,810,972
75$2,300,577$0$0$1,909,915
76$2,428,174$0$0$2,016,249
77$2,565,412$0$0$2,130,641
78$2,713,171$0$0$2,253,826
79$2,872,412$0$0$2,386,611
80$3,044,195$0$0$2,529,881
81$3,229,682$0$0$2,684,610
82$3,430,150$0$0$2,851,866
83$3,647,004$0$0$3,032,826
84$3,881,787$0$0$3,228,780
85$4,136,196$0$0$3,441,150
86$4,412,095$0$0$3,671,497
87$4,711,538$0$0$3,921,539
88$5,036,781$0$0$4,193,166
89$5,390,305$0$0$4,488,454
90$5,774,841$0$0$4,809,691
91$6,193,394$0$0$5,159,391
92$6,649,269$0$0$5,540,324
93$7,146,104$0$0$5,955,533
94$7,687,903$0$0$6,408,372
95$8,279,071$0$0$6,902,529
96$8,924,459$0$0$7,442,067
97$9,629,405$0$0$8,031,454
98$10,399,788$0$0$8,675,614
99$11,242,077$0$0$9,379,964
100$12,163,398$0$0$10,150,470