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%17.5%
1 years$66,641$66,048$65,469$64,903$64,351$62,391
2 years$32,991$32,376$31,781$31,203$30,643$28,686
3 years$21,775$21,158$20,564$19,992$19,441$17,547
4 years$16,169$15,554$14,966$14,403$13,866$12,050
5 years$12,806$12,194$11,614$11,063$10,541$8,807
6 years$10,564$9,957$9,386$8,847$8,340$6,692
7 years$8,964$8,362$7,800$7,274$6,783$5,219
8 years$7,764$7,168$6,615$6,102$5,627$4,146
9 years$6,832$6,241$5,697$5,197$4,739$3,340
10 years$6,086$5,501$4,967$4,480$4,038$2,719
11 years$5,476$4,897$4,373$3,899$3,473$2,231
12 years$4,969$4,396$3,881$3,420$3,009$1,843
13 years$4,539$3,972$3,467$3,019$2,624$1,530
14 years$4,172$3,611$3,115$2,680$2,300$1,275
15 years$3,854$3,298$2,813$2,390$2,025$1,067
16 years$3,575$3,026$2,550$2,140$1,790$895
17 years$3,330$2,787$2,321$1,923$1,587$752
18 years$3,112$2,575$2,118$1,733$1,411$634
19 years$2,918$2,387$1,939$1,566$1,258$535
20 years$2,743$2,218$1,780$1,418$1,124$452
21 years$2,585$2,066$1,637$1,287$1,005$382
22 years$2,441$1,929$1,509$1,170$901$324
23 years$2,310$1,804$1,393$1,066$809$274
24 years$2,191$1,690$1,288$972$727$232
25 years$2,081$1,586$1,193$888$654$197
26 years$1,979$1,491$1,107$812$589$167
27 years$1,885$1,403$1,028$743$531$142
28 years$1,799$1,322$955$681$479$121
29 years$1,718$1,247$889$624$433$103
30 years$1,643$1,178$828$573$391$87
31 years$1,572$1,113$772$526$354$74
32 years$1,507$1,053$720$484$320$63
33 years$1,445$998$673$445$290$54
34 years$1,387$945$628$409$262$46
35 years$1,333$897$588$377$237$39
36 years$1,282$851$550$347$215$33
37 years$1,233$808$514$320$195$28
38 years$1,188$768$482$295$177$24
39 years$1,144$731$451$272$160$20
40 years$1,103$695$423$251$145$17
41 years$1,064$662$397$231$132$15
42 years$1,027$630$372$213$120$13
43 years$992$600$349$197$109$11
44 years$959$572$328$182$99$9
45 years$927$546$308$168$90$8
46 years$897$521$289$155$81$7
47 years$868$497$272$143$74$6
48 years$840$474$255$132$67$5
49 years$813$453$240$122$61$4
50 years$788$433$225$113$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $807,000, adding $5,870 every year, while hoping to spend $55,479 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: 36/46/18 Blend
53$807,000$807,000$807,000$807,000
54$895,369$852,598$840,089$922,510
55$927,667$835,346$809,203$925,502
56$961,401$815,389$775,423$923,092
57$996,657$792,537$738,593$919,325
58$1,033,531$766,586$698,551$914,112
59$1,072,125$737,323$655,126$907,358
60$1,112,551$704,521$608,142$898,964
61$1,154,929$667,940$557,413$888,829
62$1,199,390$627,328$502,744$876,847
63$1,246,076$582,415$443,934$862,906
64$1,295,141$532,918$380,771$846,892
65$1,346,752$478,537$313,034$828,686
66$1,401,092$418,957$240,491$808,164
67$1,458,359$353,842$162,904$785,200
68$1,518,770$282,838$80,019$759,661
69$1,582,559$205,572$0$731,412
70$1,649,985$121,650$0$701,934
71$1,721,328$30,655$0$685,971
72$1,796,893$0$0$668,046
73$1,877,016$0$0$682,415
74$1,962,061$0$0$714,194
75$2,052,429$0$0$748,023
76$2,148,558$0$0$784,073
77$2,250,925$0$0$822,532
78$2,360,055$0$0$863,607
79$2,476,521$0$0$907,522
80$2,600,953$0$0$954,526
81$2,734,039$0$0$1,004,888
82$2,876,536$0$0$1,058,907
83$3,029,271$0$0$1,116,908
84$3,193,154$0$0$1,179,251
85$3,369,182$0$0$1,246,327
86$3,558,451$0$0$1,318,570
87$3,762,162$0$0$1,396,452
88$3,981,635$0$0$1,480,495
89$4,218,320$0$0$1,571,271
90$4,473,809$0$0$1,669,409
91$4,749,853$0$0$1,775,599
92$5,048,374$0$0$1,890,603
93$5,371,486$0$0$2,015,254
94$5,721,513$0$0$2,150,471
95$6,101,011$0$0$2,297,265
96$6,512,788$0$0$2,456,747
97$6,959,935$0$0$2,630,139
98$7,445,850$0$0$2,818,784
99$7,974,273$0$0$3,024,163
100$8,549,317$0$0$3,247,904