Can I retire at age 54 with 809,000?

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 $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%11.5%
1 years$66,806$66,211$65,631$65,064$64,511$64,104
2 years$33,073$32,457$31,860$31,281$30,719$30,309
3 years$21,829$21,211$20,615$20,042$19,490$19,089
4 years$16,209$15,592$15,003$14,439$13,900$13,511
5 years$12,837$12,224$11,643$11,091$10,567$10,191
6 years$10,591$9,982$9,409$8,869$8,361$8,000
7 years$8,986$8,383$7,819$7,292$6,800$6,452
8 years$7,784$7,186$6,631$6,117$5,641$5,308
9 years$6,849$6,257$5,711$5,210$4,751$4,431
10 years$6,101$5,515$4,979$4,491$4,048$3,742
11 years$5,490$4,910$4,384$3,909$3,481$3,189
12 years$4,981$4,407$3,890$3,429$3,017$2,738
13 years$4,551$3,982$3,476$3,027$2,631$2,365
14 years$4,182$3,620$3,123$2,687$2,306$2,053
15 years$3,863$3,307$2,820$2,396$2,030$1,790
16 years$3,584$3,034$2,556$2,146$1,794$1,566
17 years$3,338$2,794$2,326$1,928$1,591$1,375
18 years$3,120$2,582$2,124$1,737$1,415$1,210
19 years$2,925$2,393$1,944$1,570$1,261$1,067
20 years$2,750$2,223$1,784$1,422$1,126$943
21 years$2,591$2,071$1,641$1,290$1,008$834
22 years$2,447$1,933$1,512$1,173$903$740
23 years$2,316$1,808$1,397$1,068$811$657
24 years$2,196$1,694$1,292$975$729$584
25 years$2,086$1,590$1,196$890$656$519
26 years$1,984$1,494$1,109$814$591$462
27 years$1,890$1,406$1,030$745$533$412
28 years$1,803$1,325$958$682$481$367
29 years$1,722$1,250$891$626$434$328
30 years$1,647$1,181$830$574$392$293
31 years$1,576$1,116$774$527$355$261
32 years$1,511$1,056$722$485$321$234
33 years$1,449$1,000$674$446$290$209
34 years$1,391$948$630$410$263$187
35 years$1,336$899$589$378$238$167
36 years$1,285$853$551$348$216$149
37 years$1,236$810$516$320$195$134
38 years$1,191$770$483$295$177$120
39 years$1,147$732$452$272$161$107
40 years$1,106$697$424$251$146$96
41 years$1,067$663$398$232$132$86
42 years$1,030$632$373$214$120$77
43 years$995$602$350$197$109$69
44 years$961$574$329$182$99$62
45 years$929$547$308$168$90$55
46 years$899$522$290$155$81$50
47 years$870$498$272$144$74$44
48 years$842$475$256$133$67$40
49 years$815$454$240$123$61$36
50 years$790$434$226$113$55$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $809,000, adding $3,564 every year, while hoping to spend $43,617 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: 39/50/11 Blend
53$809,000$809,000$809,000$809,000
54$895,194$852,317$839,778$926,997
55$940,096$847,673$821,502$945,185
56$988,116$841,339$801,152$960,287
57$1,039,526$833,186$778,613$975,646
58$1,094,624$823,079$753,763$991,306
59$1,153,738$810,872$726,477$1,007,316
60$1,217,226$796,412$696,621$1,023,736
61$1,285,484$779,537$664,058$1,040,635
62$1,358,943$760,074$628,644$1,058,091
63$1,438,078$737,840$590,226$1,076,197
64$1,523,411$712,644$548,648$1,095,056
65$1,615,516$684,281$503,745$1,114,791
66$1,715,023$652,534$455,344$1,135,539
67$1,822,623$617,176$403,266$1,157,457
68$1,939,077$577,964$347,322$1,180,724
69$2,065,221$534,643$287,316$1,205,543
70$2,201,976$486,942$223,043$1,232,145
71$2,350,351$434,577$154,289$1,260,790
72$2,511,460$377,244$80,831$1,291,773
73$2,686,525$314,625$2,435$1,325,425
74$2,876,893$246,384$0$1,362,120
75$3,084,042$172,163$0$1,411,814
76$3,309,602$91,587$0$1,466,369
77$3,555,366$4,259$0$1,526,061
78$3,823,305$0$0$1,591,519
79$4,115,591$0$0$1,713,093
80$4,434,613$0$0$1,848,448
81$4,783,001$0$0$1,996,368
82$5,163,650$0$0$2,158,096
83$5,579,748$0$0$2,335,001
84$6,034,804$0$0$2,528,589
85$6,532,683$0$0$2,740,518
86$7,077,638$0$0$2,972,615
87$7,674,356$0$0$3,226,892
88$8,327,995$0$0$3,505,564
89$9,044,237$0$0$3,811,071
90$9,829,339$0$0$4,146,100
91$10,690,193$0$0$4,513,609
92$11,634,390$0$0$4,916,860
93$12,670,290$0$0$5,359,443
94$13,807,101$0$0$5,845,313
95$15,054,966$0$0$6,378,827
96$16,425,059$0$0$6,964,783
97$17,929,689$0$0$7,608,470
98$19,582,412$0$0$8,315,711
99$21,398,166$0$0$9,092,922
100$23,393,405$0$0$9,947,173