Can I retire at age 54 with 810,000?

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 $810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$66,889$66,293$65,712$65,145$64,591$63,183
2 years$33,113$32,497$31,899$31,319$30,757$29,347
3 years$21,856$21,237$20,641$20,067$19,514$18,144
4 years$16,229$15,611$15,021$14,457$13,917$12,598
5 years$12,853$12,240$11,657$11,104$10,580$9,316
6 years$10,604$9,994$9,421$8,880$8,371$7,163
7 years$8,997$8,393$7,829$7,301$6,808$5,657
8 years$7,793$7,195$6,639$6,125$5,648$4,553
9 years$6,857$6,264$5,718$5,217$4,756$3,716
10 years$6,109$5,522$4,985$4,497$4,053$3,067
11 years$5,497$4,916$4,389$3,914$3,486$2,552
12 years$4,987$4,412$3,895$3,433$3,020$2,139
13 years$4,556$3,987$3,480$3,031$2,634$1,802
14 years$4,187$3,624$3,127$2,690$2,309$1,525
15 years$3,868$3,311$2,823$2,399$2,033$1,296
16 years$3,589$3,038$2,560$2,148$1,797$1,104
17 years$3,342$2,797$2,329$1,930$1,593$943
18 years$3,124$2,585$2,126$1,739$1,416$808
19 years$2,929$2,396$1,946$1,572$1,263$693
20 years$2,753$2,226$1,786$1,424$1,128$595
21 years$2,594$2,074$1,643$1,292$1,009$512
22 years$2,450$1,936$1,514$1,175$905$441
23 years$2,319$1,810$1,398$1,070$812$380
24 years$2,199$1,696$1,293$976$730$328
25 years$2,088$1,592$1,198$891$657$283
26 years$1,987$1,496$1,111$815$592$245
27 years$1,892$1,408$1,031$746$533$211
28 years$1,805$1,327$959$683$481$183
29 years$1,724$1,252$892$627$435$158
30 years$1,649$1,182$831$575$393$137
31 years$1,578$1,117$775$528$355$119
32 years$1,512$1,057$723$485$321$103
33 years$1,451$1,001$675$446$291$89
34 years$1,393$949$631$411$263$77
35 years$1,338$900$590$378$238$67
36 years$1,286$854$552$348$216$58
37 years$1,238$811$516$321$196$50
38 years$1,192$771$484$296$177$43
39 years$1,149$733$453$273$161$38
40 years$1,107$698$425$251$146$33
41 years$1,068$664$398$232$132$28
42 years$1,031$632$373$214$120$25
43 years$996$603$350$198$109$21
44 years$962$574$329$183$99$18
45 years$930$548$309$169$90$16
46 years$900$523$290$156$82$14
47 years$871$499$273$144$74$12
48 years$843$476$256$133$67$10
49 years$816$455$241$123$61$9
50 years$791$434$226$114$55$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $810,000, adding $6,384 every year, while hoping to spend $55,523 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: 53/25/22 Blend
53$810,000$810,000$810,000$810,000
54$899,205$856,275$843,720$941,099
55$931,848$839,157$812,909$953,508
56$965,960$819,338$779,204$960,707
57$1,001,631$796,629$742,451$967,371
58$1,038,961$770,828$702,487$973,467
59$1,078,056$741,720$659,141$978,962
60$1,119,032$709,078$612,237$983,825
61$1,162,015$672,665$561,589$988,024
62$1,207,141$632,225$507,002$991,529
63$1,254,557$587,492$448,274$994,309
64$1,304,425$538,182$385,194$996,336
65$1,356,919$483,996$317,541$997,585
66$1,412,230$424,617$245,084$998,030
67$1,470,566$359,712$167,583$997,651
68$1,532,151$288,925$84,784$996,431
69$1,597,234$211,886$0$994,354
70$1,666,082$128,198$0$992,254
71$1,738,989$37,447$0$1,010,581
72$1,816,277$0$0$1,029,485
73$1,898,294$0$0$1,065,775
74$1,985,426$0$0$1,115,313
75$2,078,091$0$0$1,168,039
76$2,176,747$0$0$1,224,221
77$2,281,896$0$0$1,284,150
78$2,394,090$0$0$1,348,146
79$2,513,929$0$0$1,416,560
80$2,642,075$0$0$1,489,775
81$2,779,250$0$0$1,568,214
82$2,926,250$0$0$1,652,337
83$3,083,945$0$0$1,742,652
84$3,253,290$0$0$1,839,715
85$3,435,333$0$0$1,944,136
86$3,631,227$0$0$2,056,587
87$3,842,235$0$0$2,177,804
88$4,069,745$0$0$2,308,596
89$4,315,283$0$0$2,449,850
90$4,580,523$0$0$2,602,545
91$4,867,309$0$0$2,767,753
92$5,177,663$0$0$2,946,655
93$5,513,811$0$0$3,140,547
94$5,878,198$0$0$3,350,856
95$6,273,516$0$0$3,579,150
96$6,702,721$0$0$3,827,156
97$7,169,069$0$0$4,096,771
98$7,676,139$0$0$4,390,082
99$8,227,868$0$0$4,709,388
100$8,828,589$0$0$5,057,215