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%17.1%
1 years$66,724$66,130$65,550$64,984$64,431$62,569
2 years$33,032$32,416$31,820$31,242$30,681$28,820
3 years$21,802$21,185$20,590$20,017$19,466$17,664
4 years$16,189$15,573$14,984$14,421$13,883$12,154
5 years$12,822$12,209$11,628$11,077$10,554$8,903
6 years$10,577$9,970$9,397$8,858$8,351$6,779
7 years$8,975$8,373$7,809$7,283$6,791$5,299
8 years$7,774$7,177$6,623$6,109$5,634$4,220
9 years$6,840$6,249$5,704$5,204$4,745$3,407
10 years$6,094$5,508$4,973$4,486$4,043$2,780
11 years$5,483$4,903$4,378$3,904$3,477$2,288
12 years$4,975$4,401$3,886$3,424$3,013$1,894
13 years$4,545$3,977$3,472$3,023$2,627$1,577
14 years$4,177$3,615$3,119$2,684$2,303$1,318
15 years$3,858$3,303$2,816$2,393$2,028$1,106
16 years$3,580$3,030$2,553$2,143$1,792$930
17 years$3,334$2,791$2,323$1,925$1,589$785
18 years$3,116$2,579$2,121$1,735$1,413$663
19 years$2,921$2,390$1,942$1,568$1,259$561
20 years$2,746$2,221$1,782$1,420$1,125$475
21 years$2,588$2,069$1,639$1,289$1,007$403
22 years$2,444$1,931$1,511$1,172$902$343
23 years$2,313$1,806$1,395$1,067$810$291
24 years$2,193$1,692$1,290$973$728$248
25 years$2,083$1,588$1,195$889$655$211
26 years$1,982$1,492$1,108$813$590$180
27 years$1,888$1,404$1,029$744$532$153
28 years$1,801$1,323$957$682$480$130
29 years$1,720$1,249$890$625$433$111
30 years$1,645$1,179$829$574$392$95
31 years$1,574$1,115$773$527$354$81
32 years$1,509$1,055$721$484$320$69
33 years$1,447$999$673$445$290$59
34 years$1,389$947$629$410$262$50
35 years$1,335$898$588$377$238$43
36 years$1,283$852$550$347$215$37
37 years$1,235$809$515$320$195$31
38 years$1,189$769$482$295$177$27
39 years$1,146$731$452$272$160$23
40 years$1,105$696$424$251$146$19
41 years$1,066$662$397$231$132$17
42 years$1,029$631$373$214$120$14
43 years$994$601$350$197$109$12
44 years$960$573$328$182$99$10
45 years$928$546$308$168$90$9
46 years$898$521$289$155$81$8
47 years$869$497$272$143$74$6
48 years$841$475$255$133$67$5
49 years$814$453$240$123$61$5
50 years$789$433$226$113$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $808,000, adding $3,426 every year, while hoping to spend $39,268 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: 62/14/24 Blend
53$808,000$808,000$808,000$808,000
54$893,950$851,126$838,602$943,509
55$943,352$851,050$824,914$977,398
56$996,477$849,655$809,452$1,009,757
57$1,053,663$846,833$792,114$1,044,220
58$1,115,282$842,473$772,795$1,080,998
59$1,181,741$836,455$751,384$1,120,324
60$1,253,490$828,652$727,767$1,162,458
61$1,331,020$818,930$701,821$1,207,686
62$1,414,873$807,147$673,421$1,256,327
63$1,505,643$793,150$642,434$1,308,731
64$1,603,985$776,782$608,722$1,365,288
65$1,710,619$757,871$572,141$1,426,430
66$1,826,334$736,239$532,540$1,492,632
67$1,952,001$711,696$489,761$1,564,422
68$2,088,577$684,040$443,640$1,642,384
69$2,237,114$653,060$394,004$1,727,163
70$2,398,770$618,530$340,673$1,819,472
71$2,574,819$580,213$283,460$1,920,101
72$2,766,663$537,856$222,169$2,029,923
73$2,975,846$491,194$156,595$2,149,901
74$3,204,066$439,946$86,524$2,281,103
75$3,453,191$383,814$11,733$2,424,706
76$3,725,280$322,484$0$2,582,013
77$4,022,597$255,625$0$2,771,896
78$4,347,637$182,886$0$2,982,852
79$4,703,146$103,896$0$3,213,693
80$5,092,146$18,266$0$3,466,427
81$5,517,966$0$0$3,743,267
82$5,984,272$0$0$4,058,118
83$6,495,100$0$0$4,406,174
84$7,054,897$0$0$4,787,656
85$7,668,558$0$0$5,205,909
86$8,341,475$0$0$5,664,616
87$9,079,588$0$0$6,167,833
88$9,889,438$0$0$6,720,030
89$10,778,229$0$0$7,326,128
90$11,753,900$0$0$7,991,549
91$12,825,192$0$0$8,722,264
92$14,001,737$0$0$9,524,853
93$15,294,143$0$0$10,406,563
94$16,714,097$0$0$11,375,378
95$18,274,475$0$0$12,440,093
96$19,989,462$0$0$13,610,399
97$21,874,683$0$0$14,896,971
98$23,947,355$0$0$16,311,570
99$26,226,445$0$0$17,867,153
100$28,732,851$0$0$19,577,999