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%12.2%
1 years$66,889$66,293$65,712$65,145$64,591$63,996
2 years$33,113$32,497$31,899$31,319$30,757$30,158
3 years$21,856$21,237$20,641$20,067$19,514$18,929
4 years$16,229$15,611$15,021$14,457$13,917$13,351
5 years$12,853$12,240$11,657$11,104$10,580$10,034
6 years$10,604$9,994$9,421$8,880$8,371$7,846
7 years$8,997$8,393$7,829$7,301$6,808$6,304
8 years$7,793$7,195$6,639$6,125$5,648$5,165
9 years$6,857$6,264$5,718$5,217$4,756$4,295
10 years$6,109$5,522$4,985$4,497$4,053$3,612
11 years$5,497$4,916$4,389$3,914$3,486$3,065
12 years$4,987$4,412$3,895$3,433$3,020$2,620
13 years$4,556$3,987$3,480$3,031$2,634$2,253
14 years$4,187$3,624$3,127$2,690$2,309$1,947
15 years$3,868$3,311$2,823$2,399$2,033$1,689
16 years$3,589$3,038$2,560$2,148$1,797$1,471
17 years$3,342$2,797$2,329$1,930$1,593$1,285
18 years$3,124$2,585$2,126$1,739$1,416$1,125
19 years$2,929$2,396$1,946$1,572$1,263$987
20 years$2,753$2,226$1,786$1,424$1,128$868
21 years$2,594$2,074$1,643$1,292$1,009$764
22 years$2,450$1,936$1,514$1,175$905$674
23 years$2,319$1,810$1,398$1,070$812$595
24 years$2,199$1,696$1,293$976$730$526
25 years$2,088$1,592$1,198$891$657$465
26 years$1,987$1,496$1,111$815$592$412
27 years$1,892$1,408$1,031$746$533$365
28 years$1,805$1,327$959$683$481$324
29 years$1,724$1,252$892$627$435$287
30 years$1,649$1,182$831$575$393$255
31 years$1,578$1,117$775$528$355$227
32 years$1,512$1,057$723$485$321$201
33 years$1,451$1,001$675$446$291$179
34 years$1,393$949$631$411$263$159
35 years$1,338$900$590$378$238$141
36 years$1,286$854$552$348$216$126
37 years$1,238$811$516$321$196$112
38 years$1,192$771$484$296$177$100
39 years$1,149$733$453$273$161$89
40 years$1,107$698$425$251$146$79
41 years$1,068$664$398$232$132$70
42 years$1,031$632$373$214$120$63
43 years$996$603$350$198$109$56
44 years$962$574$329$183$99$50
45 years$930$548$309$169$90$44
46 years$900$523$290$156$82$39
47 years$871$499$273$144$74$35
48 years$843$476$256$133$67$31
49 years$816$455$241$123$61$28
50 years$791$434$226$114$55$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $810,000, adding $5,937 every year, while hoping to spend $32,364 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: 57/20/23 Blend
53$810,000$810,000$810,000$810,000
54$898,744$855,814$843,259$944,070
55$955,981$863,314$837,073$983,194
56$1,017,971$870,096$829,595$1,021,861
57$1,085,166$876,093$820,748$1,063,308
58$1,158,060$881,228$810,450$1,107,812
59$1,237,199$885,425$798,617$1,155,680
60$1,323,182$888,600$785,160$1,207,250
61$1,416,668$890,664$769,985$1,262,894
62$1,518,384$891,522$752,995$1,323,026
63$1,629,127$891,074$734,088$1,388,102
64$1,749,776$889,215$713,158$1,458,626
65$1,881,297$885,830$690,093$1,535,155
66$2,024,754$880,800$664,775$1,618,305
67$2,181,318$873,998$637,084$1,708,755
68$2,352,277$865,290$606,892$1,807,257
69$2,539,052$854,531$574,064$1,914,640
70$2,743,202$841,570$538,463$2,031,820
71$2,966,449$826,247$499,942$2,159,809
72$3,210,685$808,392$458,348$2,299,725
73$3,477,996$787,824$413,524$2,452,803
74$3,770,677$764,352$365,302$2,620,404
75$4,091,255$737,775$313,509$2,804,033
76$4,442,516$707,879$257,964$3,005,351
77$4,827,525$674,437$198,479$3,226,191
78$5,249,659$637,211$134,854$3,468,579
79$5,712,637$595,947$66,884$3,734,747
80$6,220,555$550,377$0$4,027,163
81$6,777,926$500,220$0$4,349,933
82$7,389,719$445,175$0$4,722,283
83$8,061,408$384,927$0$5,131,152
84$8,799,026$319,142$0$5,580,258
85$9,609,214$247,468$0$6,073,700
86$10,499,290$169,530$0$6,615,996
87$11,477,318$84,937$0$7,212,127
88$12,552,178$0$0$7,867,584
89$13,733,655$0$0$8,589,902
90$15,032,529$0$0$9,404,619
91$16,460,677$0$0$10,300,501
92$18,031,183$0$0$11,285,767
93$19,758,463$0$0$12,369,470
94$21,658,401$0$0$13,561,586
95$23,748,497$0$0$14,873,107
96$26,048,032$0$0$16,316,142
97$28,578,251$0$0$17,904,035
98$31,362,562$0$0$19,651,489
99$34,426,757$0$0$21,574,701
100$37,799,254$0$0$23,691,523