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%16.1%
1 years$66,806$66,211$65,631$65,064$64,511$62,900
2 years$33,073$32,457$31,860$31,281$30,719$29,107
3 years$21,829$21,211$20,615$20,042$19,490$17,926
4 years$16,209$15,592$15,003$14,439$13,900$12,397
5 years$12,837$12,224$11,643$11,091$10,567$9,128
6 years$10,591$9,982$9,409$8,869$8,361$6,989
7 years$8,986$8,383$7,819$7,292$6,800$5,494
8 years$7,784$7,186$6,631$6,117$5,641$4,401
9 years$6,849$6,257$5,711$5,210$4,751$3,575
10 years$6,101$5,515$4,979$4,491$4,048$2,936
11 years$5,490$4,910$4,384$3,909$3,481$2,431
12 years$4,981$4,407$3,890$3,429$3,017$2,026
13 years$4,551$3,982$3,476$3,027$2,631$1,698
14 years$4,182$3,620$3,123$2,687$2,306$1,429
15 years$3,863$3,307$2,820$2,396$2,030$1,208
16 years$3,584$3,034$2,556$2,146$1,794$1,023
17 years$3,338$2,794$2,326$1,928$1,591$869
18 years$3,120$2,582$2,124$1,737$1,415$740
19 years$2,925$2,393$1,944$1,570$1,261$631
20 years$2,750$2,223$1,784$1,422$1,126$539
21 years$2,591$2,071$1,641$1,290$1,008$461
22 years$2,447$1,933$1,512$1,173$903$394
23 years$2,316$1,808$1,397$1,068$811$338
24 years$2,196$1,694$1,292$975$729$290
25 years$2,086$1,590$1,196$890$656$248
26 years$1,984$1,494$1,109$814$591$213
27 years$1,890$1,406$1,030$745$533$183
28 years$1,803$1,325$958$682$481$157
29 years$1,722$1,250$891$626$434$135
30 years$1,647$1,181$830$574$392$116
31 years$1,576$1,116$774$527$355$100
32 years$1,511$1,056$722$485$321$86
33 years$1,449$1,000$674$446$290$74
34 years$1,391$948$630$410$263$64
35 years$1,336$899$589$378$238$55
36 years$1,285$853$551$348$216$47
37 years$1,236$810$516$320$195$41
38 years$1,191$770$483$295$177$35
39 years$1,147$732$452$272$161$30
40 years$1,106$697$424$251$146$26
41 years$1,067$663$398$232$132$22
42 years$1,030$632$373$214$120$19
43 years$995$602$350$197$109$17
44 years$961$574$329$182$99$14
45 years$929$547$308$168$90$12
46 years$899$522$290$155$81$11
47 years$870$498$272$144$74$9
48 years$842$475$256$133$67$8
49 years$815$454$240$123$61$7
50 years$790$434$226$113$55$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $809,000, adding $4,348 every year, while hoping to spend $33,052 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: 45/47/8 Blend
53$809,000$809,000$809,000$809,000
54$896,003$853,126$840,586$934,123
55$952,228$859,762$833,579$967,537
56$1,013,081$865,616$825,229$999,989
57$1,078,997$870,613$815,457$1,034,415
58$1,150,459$874,677$804,178$1,071,008
59$1,227,994$877,724$791,306$1,109,983
60$1,312,183$879,667$776,749$1,151,576
61$1,403,666$880,411$760,411$1,196,051
62$1,503,146$879,857$742,191$1,243,700
63$1,611,397$877,900$721,984$1,294,844
64$1,729,270$874,427$699,680$1,349,842
65$1,857,701$869,320$675,165$1,409,091
66$1,997,721$862,451$648,318$1,473,029
67$2,150,466$853,688$619,014$1,542,144
68$2,317,183$842,889$587,120$1,616,972
69$2,499,247$829,902$552,501$1,698,112
70$2,698,172$814,569$515,011$1,786,222
71$2,915,623$796,721$474,502$1,882,033
72$3,153,435$776,178$430,816$1,986,354
73$3,413,627$752,752$383,790$2,100,080
74$3,698,423$726,243$333,252$2,224,200
75$4,010,270$696,437$279,025$2,359,810
76$4,351,867$663,111$220,921$2,508,120
77$4,726,181$626,028$158,746$2,670,471
78$5,136,484$584,936$92,296$2,848,343
79$5,586,377$539,569$21,360$3,043,375
80$6,079,827$489,648$0$3,257,377
81$6,621,204$434,875$0$3,496,990
82$7,215,320$374,937$0$3,762,033
83$7,867,477$309,503$0$4,053,148
84$8,583,514$238,223$0$4,373,059
85$9,369,863$160,727$0$4,724,771
86$10,233,612$76,625$0$5,111,608
87$11,182,565$0$0$5,537,237
88$12,225,323$0$0$6,013,205
89$13,371,360$0$0$6,579,970
90$14,631,113$0$0$7,203,079
91$16,016,080$0$0$7,888,231
92$17,538,931$0$0$8,641,707
93$19,213,623$0$0$9,470,428
94$21,055,534$0$0$10,382,016
95$23,081,606$0$0$11,384,874
96$25,310,507$0$0$12,488,255
97$27,762,806$0$0$13,702,359
98$30,461,164$0$0$15,038,420
99$33,430,551$0$0$16,508,820
100$36,698,479$0$0$18,127,199