Can I retire at age 54 with 809,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $809,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$66,806$66,211$65,631$65,064$64,511$63,312
2 years$33,073$32,457$31,860$31,281$30,719$29,516
3 years$21,829$21,211$20,615$20,042$19,490$18,319
4 years$16,209$15,592$15,003$14,439$13,900$12,772
5 years$12,837$12,224$11,643$11,091$10,567$9,484
6 years$10,591$9,982$9,409$8,869$8,361$7,324
7 years$8,986$8,383$7,819$7,292$6,800$5,810
8 years$7,784$7,186$6,631$6,117$5,641$4,698
9 years$6,849$6,257$5,711$5,210$4,751$3,853
10 years$6,101$5,515$4,979$4,491$4,048$3,195
11 years$5,490$4,910$4,384$3,909$3,481$2,673
12 years$4,981$4,407$3,890$3,429$3,017$2,251
13 years$4,551$3,982$3,476$3,027$2,631$1,907
14 years$4,182$3,620$3,123$2,687$2,306$1,623
15 years$3,863$3,307$2,820$2,396$2,030$1,386
16 years$3,584$3,034$2,556$2,146$1,794$1,188
17 years$3,338$2,794$2,326$1,928$1,591$1,021
18 years$3,120$2,582$2,124$1,737$1,415$879
19 years$2,925$2,393$1,944$1,570$1,261$759
20 years$2,750$2,223$1,784$1,422$1,126$656
21 years$2,591$2,071$1,641$1,290$1,008$568
22 years$2,447$1,933$1,512$1,173$903$492
23 years$2,316$1,808$1,397$1,068$811$427
24 years$2,196$1,694$1,292$975$729$370
25 years$2,086$1,590$1,196$890$656$322
26 years$1,984$1,494$1,109$814$591$280
27 years$1,890$1,406$1,030$745$533$243
28 years$1,803$1,325$958$682$481$212
29 years$1,722$1,250$891$626$434$185
30 years$1,647$1,181$830$574$392$161
31 years$1,576$1,116$774$527$355$140
32 years$1,511$1,056$722$485$321$122
33 years$1,449$1,000$674$446$290$106
34 years$1,391$948$630$410$263$93
35 years$1,336$899$589$378$238$81
36 years$1,285$853$551$348$216$71
37 years$1,236$810$516$320$195$62
38 years$1,191$770$483$295$177$54
39 years$1,147$732$452$272$161$47
40 years$1,106$697$424$251$146$41
41 years$1,067$663$398$232$132$36
42 years$1,030$632$373$214$120$31
43 years$995$602$350$197$109$27
44 years$961$574$329$182$99$24
45 years$929$547$308$168$90$21
46 years$899$522$290$155$81$18
47 years$870$498$272$144$74$16
48 years$842$475$256$133$67$14
49 years$815$454$240$123$61$12
50 years$790$434$226$113$55$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $809,000, adding $6,438 every year, while hoping to spend $57,876 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: 25/48/27 Blend
53$809,000$809,000$809,000$809,000
54$898,159$855,282$842,742$912,872
55$928,191$835,611$809,395$905,897
56$959,348$813,037$772,990$893,068
57$991,681$787,355$733,365$878,103
58$1,025,248$758,351$690,348$860,863
59$1,060,110$725,798$643,762$841,200
60$1,096,333$689,453$593,419$818,959
61$1,133,984$649,062$539,125$793,975
62$1,173,140$604,355$480,675$766,077
63$1,213,880$555,048$417,857$735,085
64$1,256,289$500,839$350,448$700,807
65$1,300,459$441,409$278,217$663,046
66$1,346,490$376,422$200,921$621,589
67$1,394,488$305,522$118,308$576,219
68$1,444,567$228,334$30,112$526,702
69$1,496,851$144,460$0$472,798
70$1,551,473$53,482$0$432,692
71$1,608,578$0$0$398,133
72$1,668,322$0$0$384,035
73$1,730,873$0$0$398,887
74$1,796,415$0$0$414,487
75$1,865,145$0$0$430,889
76$1,937,279$0$0$448,149
77$2,013,049$0$0$466,328
78$2,092,711$0$0$485,494
79$2,176,540$0$0$505,721
80$2,264,836$0$0$527,088
81$2,357,926$0$0$549,683
82$2,456,166$0$0$573,601
83$2,559,946$0$0$598,945
84$2,669,689$0$0$625,831
85$2,785,857$0$0$654,380
86$2,908,957$0$0$684,731
87$3,039,538$0$0$717,030
88$3,178,207$0$0$751,442
89$3,325,621$0$0$788,144
90$3,482,503$0$0$827,331
91$3,649,644$0$0$869,217
92$3,827,910$0$0$914,037
93$4,018,247$0$0$962,048
94$4,221,695$0$0$1,013,531
95$4,439,393$0$0$1,068,796
96$4,672,589$0$0$1,128,182
97$4,922,653$0$0$1,192,063
98$5,191,088$0$0$1,260,847
99$5,479,542$0$0$1,334,983
100$5,789,826$0$0$1,414,965