Can I retire at age 54 with 811,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.9%
1 years$66,972$66,375$65,793$65,225$64,670$64,155
2 years$33,154$32,537$31,938$31,358$30,795$30,276
3 years$21,883$21,263$20,666$20,091$19,538$19,031
4 years$16,249$15,631$15,040$14,475$13,935$13,443
5 years$12,869$12,255$11,671$11,118$10,593$10,119
6 years$10,617$10,007$9,432$8,891$8,382$7,926
7 years$9,008$8,404$7,838$7,310$6,817$6,379
8 years$7,803$7,204$6,647$6,132$5,655$5,235
9 years$6,866$6,272$5,725$5,223$4,762$4,360
10 years$6,116$5,528$4,992$4,502$4,058$3,674
11 years$5,504$4,922$4,395$3,918$3,490$3,123
12 years$4,993$4,417$3,900$3,437$3,024$2,675
13 years$4,562$3,992$3,484$3,034$2,637$2,304
14 years$4,193$3,629$3,131$2,694$2,312$1,995
15 years$3,873$3,315$2,827$2,402$2,035$1,735
16 years$3,593$3,041$2,563$2,151$1,799$1,514
17 years$3,347$2,801$2,332$1,933$1,595$1,325
18 years$3,128$2,588$2,129$1,742$1,418$1,162
19 years$2,932$2,399$1,949$1,574$1,264$1,022
20 years$2,756$2,229$1,789$1,425$1,129$901
21 years$2,597$2,076$1,645$1,294$1,010$795
22 years$2,453$1,938$1,516$1,176$906$703
23 years$2,322$1,813$1,400$1,071$813$622
24 years$2,201$1,698$1,295$977$731$551
25 years$2,091$1,594$1,199$892$658$489
26 years$1,989$1,498$1,112$816$592$434
27 years$1,895$1,410$1,033$747$534$385
28 years$1,808$1,328$960$684$482$342
29 years$1,726$1,253$893$627$435$305
30 years$1,651$1,183$832$576$393$271
31 years$1,580$1,119$776$529$355$241
32 years$1,514$1,059$724$486$322$215
33 years$1,452$1,003$676$447$291$191
34 years$1,394$950$632$411$263$171
35 years$1,340$901$590$379$239$152
36 years$1,288$855$552$349$216$136
37 years$1,239$812$517$321$196$121
38 years$1,193$772$484$296$178$108
39 years$1,150$734$454$273$161$96
40 years$1,109$698$425$252$146$86
41 years$1,070$665$399$232$133$77
42 years$1,033$633$374$214$120$69
43 years$997$603$351$198$109$61
44 years$964$575$329$183$99$55
45 years$932$548$309$169$90$49
46 years$901$523$290$156$82$44
47 years$872$499$273$144$74$39
48 years$844$477$256$133$67$35
49 years$817$455$241$123$61$31
50 years$792$435$227$114$56$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $811,000, adding $5,800 every year, while hoping to spend $40,301 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: 54/21/25 Blend
53$811,000$811,000$811,000$811,000
54$899,705$856,722$844,151$941,790
55$948,595$855,821$829,550$970,516
56$1,001,121$853,526$813,110$997,119
57$1,057,611$849,724$794,725$1,025,251
58$1,118,426$844,300$774,287$1,055,071
59$1,183,962$837,127$751,682$1,086,759
60$1,254,654$828,074$726,791$1,120,513
61$1,330,978$816,999$699,488$1,156,555
62$1,413,461$803,755$669,644$1,195,130
63$1,502,679$788,184$637,122$1,236,513
64$1,599,266$770,119$601,780$1,281,006
65$1,703,920$749,383$563,468$1,328,948
66$1,817,406$725,789$522,030$1,380,713
67$1,940,568$699,139$477,304$1,436,718
68$2,074,332$669,224$429,121$1,497,424
69$2,219,719$635,821$377,302$1,563,343
70$2,377,851$598,697$321,661$1,635,043
71$2,549,961$557,602$262,006$1,713,155
72$2,737,408$512,275$198,134$1,798,376
73$2,941,686$462,439$129,834$1,891,481
74$3,164,439$407,800$56,885$1,993,327
75$3,407,479$348,049$0$2,104,863
76$3,672,797$282,859$0$2,232,734
77$3,962,587$211,884$0$2,389,069
78$4,279,263$134,758$0$2,560,033
79$4,625,484$51,097$0$2,747,123
80$5,004,175$0$0$2,951,991
81$5,418,561$0$0$3,185,588
82$5,872,188$0$0$3,454,308
83$6,368,965$0$0$3,748,666
84$6,913,194$0$0$4,071,223
85$7,509,614$0$0$4,424,796
86$8,163,445$0$0$4,812,491
87$8,880,433$0$0$5,237,726
88$9,666,910$0$0$5,704,267
89$10,529,849$0$0$6,216,263
90$11,476,931$0$0$6,778,282
91$12,516,615$0$0$7,395,358
92$13,658,222$0$0$8,073,035
93$14,912,018$0$0$8,817,421
94$16,289,312$0$0$9,635,244
95$17,802,562$0$0$10,533,915
96$19,465,493$0$0$11,521,601
97$21,293,226$0$0$12,607,298
98$23,302,418$0$0$13,800,916
99$25,511,423$0$0$15,113,375
100$27,940,459$0$0$16,556,705