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%18.5%
1 years$66,724$66,130$65,550$64,984$64,431$62,219
2 years$33,032$32,416$31,820$31,242$30,681$28,476
3 years$21,802$21,185$20,590$20,017$19,466$17,335
4 years$16,189$15,573$14,984$14,421$13,883$11,844
5 years$12,822$12,209$11,628$11,077$10,554$8,612
6 years$10,577$9,970$9,397$8,858$8,351$6,507
7 years$8,975$8,373$7,809$7,283$6,791$5,046
8 years$7,774$7,177$6,623$6,109$5,634$3,985
9 years$6,840$6,249$5,704$5,204$4,745$3,191
10 years$6,094$5,508$4,973$4,486$4,043$2,581
11 years$5,483$4,903$4,378$3,904$3,477$2,104
12 years$4,975$4,401$3,886$3,424$3,013$1,727
13 years$4,545$3,977$3,472$3,023$2,627$1,424
14 years$4,177$3,615$3,119$2,684$2,303$1,179
15 years$3,858$3,303$2,816$2,393$2,028$979
16 years$3,580$3,030$2,553$2,143$1,792$815
17 years$3,334$2,791$2,323$1,925$1,589$681
18 years$3,116$2,579$2,121$1,735$1,413$569
19 years$2,921$2,390$1,942$1,568$1,259$477
20 years$2,746$2,221$1,782$1,420$1,125$400
21 years$2,588$2,069$1,639$1,289$1,007$335
22 years$2,444$1,931$1,511$1,172$902$282
23 years$2,313$1,806$1,395$1,067$810$237
24 years$2,193$1,692$1,290$973$728$199
25 years$2,083$1,588$1,195$889$655$168
26 years$1,982$1,492$1,108$813$590$141
27 years$1,888$1,404$1,029$744$532$119
28 years$1,801$1,323$957$682$480$100
29 years$1,720$1,249$890$625$433$84
30 years$1,645$1,179$829$574$392$71
31 years$1,574$1,115$773$527$354$60
32 years$1,509$1,055$721$484$320$51
33 years$1,447$999$673$445$290$43
34 years$1,389$947$629$410$262$36
35 years$1,335$898$588$377$238$30
36 years$1,283$852$550$347$215$26
37 years$1,235$809$515$320$195$22
38 years$1,189$769$482$295$177$18
39 years$1,146$731$452$272$160$15
40 years$1,105$696$424$251$146$13
41 years$1,066$662$397$231$132$11
42 years$1,029$631$373$214$120$9
43 years$994$601$350$197$109$8
44 years$960$573$328$182$99$7
45 years$928$546$308$168$90$6
46 years$898$521$289$155$81$5
47 years$869$497$272$143$74$4
48 years$841$475$255$133$67$3
49 years$814$453$240$123$61$3
50 years$789$433$226$113$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $808,000, adding $2,101 every year, while hoping to spend $48,346 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: 84/11/5 Blend
53$808,000$808,000$808,000$808,000
54$892,583$849,759$837,235$967,363
55$932,187$839,958$813,843$1,006,656
56$974,210$828,055$788,046$1,042,999
57$1,018,848$813,899$759,714$1,081,377
58$1,066,315$797,324$728,709$1,121,961
59$1,116,845$778,159$694,887$1,164,942
60$1,170,695$756,221$658,098$1,210,527
61$1,228,145$731,315$618,183$1,258,947
62$1,289,504$703,237$574,980$1,310,454
63$1,355,108$671,770$528,317$1,365,327
64$1,425,327$636,685$478,013$1,423,872
65$1,500,566$597,739$423,883$1,486,427
66$1,581,270$554,674$365,729$1,553,363
67$1,667,927$507,220$303,348$1,625,092
68$1,761,071$455,090$236,527$1,702,064
69$1,861,292$397,981$165,042$1,784,777
70$1,969,234$335,572$88,660$1,873,780
71$2,085,605$267,525$7,140$1,969,678
72$2,211,185$193,482$0$2,073,136
73$2,346,829$113,065$0$2,189,151
74$2,493,477$25,877$0$2,314,956
75$2,652,162$0$0$2,451,077
76$2,824,020$0$0$2,606,806
77$3,010,299$0$0$2,779,010
78$3,212,373$0$0$2,965,828
79$3,431,752$0$0$3,168,657
80$3,670,097$0$0$3,389,034
81$3,929,235$0$0$3,628,651
82$4,211,175$0$0$3,889,368
83$4,518,130$0$0$4,173,232
84$4,852,532$0$0$4,482,495
85$5,217,061$0$0$4,819,636
86$5,614,663$0$0$5,187,383
87$6,048,583$0$0$5,588,738
88$6,522,391$0$0$6,027,008
89$7,040,018$0$0$6,505,830
90$7,605,792$0$0$7,029,210
91$8,224,478$0$0$7,601,558
92$8,901,320$0$0$8,227,730
93$9,642,096$0$0$8,913,072
94$10,453,165$0$0$9,663,471
95$11,341,532$0$0$10,485,411
96$12,314,910$0$0$11,386,031
97$13,381,793$0$0$12,373,194
98$14,551,538$0$0$13,455,560
99$15,834,448$0$0$14,642,667
100$17,241,872$0$0$15,945,020