Can I retire at age 54 with 808,000?

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 $808,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$66,724$66,130$65,550$64,984$64,431$63,652
2 years$33,032$32,416$31,820$31,242$30,681$29,898
3 years$21,802$21,185$20,590$20,017$19,466$18,701
4 years$16,189$15,573$14,984$14,421$13,883$13,144
5 years$12,822$12,209$11,628$11,077$10,554$9,842
6 years$10,577$9,970$9,397$8,858$8,351$7,667
7 years$8,975$8,373$7,809$7,283$6,791$6,137
8 years$7,774$7,177$6,623$6,109$5,634$5,008
9 years$6,840$6,249$5,704$5,204$4,745$4,147
10 years$6,094$5,508$4,973$4,486$4,043$3,472
11 years$5,483$4,903$4,378$3,904$3,477$2,934
12 years$4,975$4,401$3,886$3,424$3,013$2,497
13 years$4,545$3,977$3,472$3,023$2,627$2,137
14 years$4,177$3,615$3,119$2,684$2,303$1,838
15 years$3,858$3,303$2,816$2,393$2,028$1,588
16 years$3,580$3,030$2,553$2,143$1,792$1,376
17 years$3,334$2,791$2,323$1,925$1,589$1,196
18 years$3,116$2,579$2,121$1,735$1,413$1,042
19 years$2,921$2,390$1,942$1,568$1,259$910
20 years$2,746$2,221$1,782$1,420$1,125$796
21 years$2,588$2,069$1,639$1,289$1,007$697
22 years$2,444$1,931$1,511$1,172$902$611
23 years$2,313$1,806$1,395$1,067$810$537
24 years$2,193$1,692$1,290$973$728$472
25 years$2,083$1,588$1,195$889$655$415
26 years$1,982$1,492$1,108$813$590$366
27 years$1,888$1,404$1,029$744$532$322
28 years$1,801$1,323$957$682$480$284
29 years$1,720$1,249$890$625$433$251
30 years$1,645$1,179$829$574$392$221
31 years$1,574$1,115$773$527$354$195
32 years$1,509$1,055$721$484$320$173
33 years$1,447$999$673$445$290$153
34 years$1,389$947$629$410$262$135
35 years$1,335$898$588$377$238$119
36 years$1,283$852$550$347$215$105
37 years$1,235$809$515$320$195$93
38 years$1,189$769$482$295$177$82
39 years$1,146$731$452$272$160$73
40 years$1,105$696$424$251$146$65
41 years$1,066$662$397$231$132$57
42 years$1,029$631$373$214$120$51
43 years$994$601$350$197$109$45
44 years$960$573$328$182$99$40
45 years$928$546$308$168$90$35
46 years$898$521$289$155$81$31
47 years$869$497$272$143$74$27
48 years$841$475$255$133$67$24
49 years$814$453$240$123$61$22
50 years$789$433$226$113$55$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $808,000, adding $4,201 every year, while hoping to spend $37,400 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: 48/42/10 Blend
53$808,000$808,000$808,000$808,000
54$894,749$851,925$839,401$935,064
55$946,220$853,876$827,728$965,160
56$1,001,688$854,670$814,410$993,564
57$1,061,521$854,209$799,353$1,023,548
58$1,126,122$852,391$782,458$1,055,271
59$1,195,937$849,109$763,621$1,088,907
60$1,271,455$844,247$742,734$1,124,656
61$1,353,211$837,684$719,684$1,162,734
62$1,441,797$829,288$694,351$1,203,386
63$1,537,861$818,924$666,613$1,246,880
64$1,642,117$806,446$636,339$1,293,518
65$1,755,350$791,699$603,393$1,343,632
66$1,878,424$774,520$567,635$1,397,594
67$2,012,288$754,736$528,915$1,455,813
68$2,157,987$732,164$487,080$1,518,746
69$2,316,672$706,610$441,967$1,586,900
70$2,489,608$677,869$393,408$1,660,836
71$2,678,187$645,724$341,227$1,741,177
72$2,883,942$609,945$285,238$1,828,613
73$3,108,561$570,289$225,250$1,923,911
74$3,353,900$526,499$161,062$2,027,918
75$3,622,004$478,303$92,464$2,141,576
76$3,915,124$425,416$19,237$2,265,925
77$4,235,738$367,533$0$2,402,120
78$4,586,575$304,333$0$2,557,724
79$4,970,638$235,478$0$2,730,464
80$5,391,238$160,612$0$2,919,880
81$5,852,017$79,354$0$3,127,730
82$6,356,988$0$0$3,355,963
83$6,910,571$0$0$3,610,746
84$7,517,631$0$0$3,930,450
85$8,183,530$0$0$4,281,233
86$8,914,173$0$0$4,666,216
87$9,716,063$0$0$5,088,840
88$10,596,364$0$0$5,552,891
89$11,562,967$0$0$6,062,542
90$12,624,566$0$0$6,622,391
91$13,790,736$0$0$7,237,500
92$15,072,028$0$0$7,913,449
93$16,480,062$0$0$8,656,382
94$18,027,642$0$0$9,473,072
95$19,728,874$0$0$10,370,976
96$21,599,298$0$0$11,358,314
97$23,656,034$0$0$12,444,139
98$25,917,946$0$0$13,638,428
99$28,405,816$0$0$14,952,171
100$31,142,543$0$0$16,397,479