Can I retire at age 54 with 811,000?

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 $811,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$66,972$66,375$65,793$65,225$64,670$63,783
2 years$33,154$32,537$31,938$31,358$30,795$29,903
3 years$21,883$21,263$20,666$20,091$19,538$18,668
4 years$16,249$15,631$15,040$14,475$13,935$13,094
5 years$12,869$12,255$11,671$11,118$10,593$9,784
6 years$10,617$10,007$9,432$8,891$8,382$7,606
7 years$9,008$8,404$7,838$7,310$6,817$6,074
8 years$7,803$7,204$6,647$6,132$5,655$4,945
9 years$6,866$6,272$5,725$5,223$4,762$4,085
10 years$6,116$5,528$4,992$4,502$4,058$3,413
11 years$5,504$4,922$4,395$3,918$3,490$2,876
12 years$4,993$4,417$3,900$3,437$3,024$2,441
13 years$4,562$3,992$3,484$3,034$2,637$2,084
14 years$4,193$3,629$3,131$2,694$2,312$1,788
15 years$3,873$3,315$2,827$2,402$2,035$1,540
16 years$3,593$3,041$2,563$2,151$1,799$1,331
17 years$3,347$2,801$2,332$1,933$1,595$1,153
18 years$3,128$2,588$2,129$1,742$1,418$1,002
19 years$2,932$2,399$1,949$1,574$1,264$872
20 years$2,756$2,229$1,789$1,425$1,129$761
21 years$2,597$2,076$1,645$1,294$1,010$664
22 years$2,453$1,938$1,516$1,176$906$581
23 years$2,322$1,813$1,400$1,071$813$509
24 years$2,201$1,698$1,295$977$731$446
25 years$2,091$1,594$1,199$892$658$391
26 years$1,989$1,498$1,112$816$592$343
27 years$1,895$1,410$1,033$747$534$302
28 years$1,808$1,328$960$684$482$265
29 years$1,726$1,253$893$627$435$233
30 years$1,651$1,183$832$576$393$205
31 years$1,580$1,119$776$529$355$181
32 years$1,514$1,059$724$486$322$159
33 years$1,452$1,003$676$447$291$140
34 years$1,394$950$632$411$263$123
35 years$1,340$901$590$379$239$109
36 years$1,288$855$552$349$216$96
37 years$1,239$812$517$321$196$84
38 years$1,193$772$484$296$178$74
39 years$1,150$734$454$273$161$66
40 years$1,109$698$425$252$146$58
41 years$1,070$665$399$232$133$51
42 years$1,033$633$374$214$120$45
43 years$997$603$351$198$109$40
44 years$964$575$329$183$99$35
45 years$932$548$309$169$90$31
46 years$901$523$290$156$82$27
47 years$872$499$273$144$74$24
48 years$844$477$256$133$67$21
49 years$817$455$241$123$61$19
50 years$792$435$227$114$56$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $811,000, adding $6,685 every year, while hoping to spend $29,888 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: 77/9/14 Blend
53$811,000$811,000$811,000$811,000
54$900,618$857,635$845,064$966,847
55$960,680$867,858$841,573$1,021,664
56$1,025,867$877,581$836,964$1,077,317
57$1,096,670$886,747$831,166$1,137,513
58$1,173,629$895,296$824,109$1,202,695
59$1,257,338$903,165$815,716$1,273,350
60$1,348,452$910,285$805,907$1,350,016
61$1,447,689$916,584$794,601$1,433,285
62$1,555,842$921,986$781,709$1,523,807
63$1,673,783$926,407$767,140$1,622,303
64$1,802,469$929,761$750,800$1,729,563
65$1,942,957$931,956$732,588$1,846,461
66$2,096,409$932,892$712,400$1,973,958
67$2,264,103$932,465$690,126$2,113,114
68$2,447,450$930,564$665,653$2,265,098
69$2,647,998$927,070$638,861$2,431,196
70$2,867,457$921,859$609,625$2,612,829
71$3,107,704$914,797$577,815$2,811,559
72$3,370,812$905,744$543,294$3,029,111
73$3,659,060$894,550$505,919$3,267,385
74$3,974,958$881,057$465,541$3,528,475
75$4,321,272$865,097$422,005$3,814,688
76$4,701,047$846,493$375,148$4,128,570
77$5,117,639$825,055$324,800$4,472,924
78$5,574,740$800,586$270,783$4,850,841
79$6,076,422$772,872$212,913$5,265,727
80$6,627,167$741,693$150,995$5,721,338
81$7,231,912$706,810$84,828$6,221,813
82$7,896,098$667,975$14,201$6,771,712
83$8,625,717$624,922$0$7,376,065
84$9,427,369$577,373$0$8,049,550
85$10,308,328$525,031$0$8,791,997
86$11,276,605$467,585$0$9,608,050
87$12,341,026$404,704$0$10,505,168
88$13,511,315$336,039$0$11,491,568
89$14,798,186$261,222$0$12,576,307
90$16,213,443$179,864$0$13,769,364
91$17,770,090$91,553$0$15,081,735
92$19,482,456$0$0$16,525,536
93$21,366,327$0$0$18,114,531
94$23,439,097$0$0$19,872,867
95$25,719,933$0$0$21,807,738
96$28,229,950$0$0$23,937,064
97$30,992,416$0$0$26,280,586
98$34,032,969$0$0$28,860,059
99$37,379,857$0$0$31,699,451
100$41,064,207$0$0$34,825,175