Can I retire at age 54 with 812,000?

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 $812,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$67,054$66,457$65,874$65,305$64,750$63,651
2 years$33,195$32,577$31,978$31,397$30,833$29,730
3 years$21,910$21,289$20,692$20,116$19,562$18,488
4 years$16,269$15,650$15,058$14,493$13,952$12,915
5 years$12,885$12,270$11,686$11,132$10,606$9,610
6 years$10,630$10,019$9,444$8,902$8,392$7,438
7 years$9,020$8,414$7,848$7,319$6,825$5,914
8 years$7,812$7,212$6,656$6,140$5,662$4,793
9 years$6,874$6,280$5,733$5,230$4,768$3,940
10 years$6,124$5,535$4,998$4,508$4,063$3,276
11 years$5,510$4,928$4,400$3,923$3,494$2,747
12 years$5,000$4,423$3,905$3,441$3,028$2,320
13 years$4,568$3,997$3,489$3,038$2,640$1,970
14 years$4,198$3,633$3,135$2,697$2,315$1,681
15 years$3,877$3,319$2,830$2,405$2,038$1,440
16 years$3,597$3,045$2,566$2,154$1,801$1,238
17 years$3,351$2,804$2,335$1,935$1,597$1,066
18 years$3,132$2,591$2,131$1,744$1,420$921
19 years$2,936$2,402$1,951$1,576$1,266$797
20 years$2,760$2,232$1,791$1,427$1,131$691
21 years$2,601$2,079$1,647$1,295$1,012$600
22 years$2,456$1,940$1,518$1,178$907$522
23 years$2,325$1,815$1,402$1,072$814$454
24 years$2,204$1,700$1,296$978$732$395
25 years$2,093$1,596$1,201$893$658$345
26 years$1,991$1,500$1,114$817$593$301
27 years$1,897$1,411$1,034$748$535$262
28 years$1,810$1,330$961$685$482$229
29 years$1,729$1,255$895$628$436$200
30 years$1,653$1,185$833$576$394$175
31 years$1,582$1,120$777$529$356$153
32 years$1,516$1,060$725$487$322$134
33 years$1,454$1,004$677$447$291$117
34 years$1,396$951$632$412$264$102
35 years$1,341$902$591$379$239$90
36 years$1,290$856$553$349$216$78
37 years$1,241$813$518$322$196$69
38 years$1,195$773$485$296$178$60
39 years$1,151$735$454$273$161$53
40 years$1,110$699$426$252$146$46
41 years$1,071$666$399$233$133$40
42 years$1,034$634$374$215$120$35
43 years$998$604$351$198$109$31
44 years$965$576$330$183$99$27
45 years$933$549$310$169$90$24
46 years$902$524$291$156$82$21
47 years$873$500$273$144$74$18
48 years$845$477$257$133$67$16
49 years$818$456$241$123$61$14
50 years$793$435$227$114$56$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $812,000, adding $5,745 every year, while hoping to spend $30,690 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: 39/45/16 Blend
53$812,000$812,000$812,000$812,000
54$900,750$857,714$845,128$931,360
55$959,973$867,088$840,786$963,112
56$1,024,207$875,893$835,270$994,032
57$1,093,933$884,068$828,508$1,026,811
58$1,169,676$891,549$820,425$1,061,633
59$1,252,016$898,269$810,942$1,098,700
60$1,341,591$904,152$799,977$1,138,240
61$1,439,100$909,123$787,444$1,180,503
62$1,545,317$913,099$773,252$1,225,766
63$1,661,090$915,992$757,307$1,274,337
64$1,787,354$917,707$739,509$1,326,558
65$1,925,136$918,148$719,755$1,382,807
66$2,075,570$917,207$697,937$1,443,503
67$2,239,901$914,773$673,941$1,509,110
68$2,419,502$910,728$647,649$1,580,141
69$2,615,883$904,945$618,936$1,657,168
70$2,830,706$897,291$587,674$1,740,819
71$3,065,804$887,624$553,727$1,831,792
72$3,323,192$875,793$516,953$1,930,860
73$3,605,091$861,641$477,204$2,038,878
74$3,913,947$844,997$434,326$2,156,792
75$4,252,451$825,683$388,158$2,285,648
76$4,623,570$803,511$338,530$2,426,603
77$5,030,570$778,279$285,267$2,580,938
78$5,477,049$749,776$228,185$2,750,068
79$5,966,970$717,777$167,091$2,935,560
80$6,504,698$682,045$101,785$3,139,144
81$7,095,040$642,328$32,058$3,362,733
82$7,743,294$598,362$0$3,608,442
83$8,455,293$549,865$0$3,885,840
84$9,237,465$496,540$0$4,196,589
85$10,096,890$438,074$0$4,538,106
86$11,041,368$374,135$0$4,913,585
87$12,079,492$304,372$0$5,326,555
88$13,220,731$228,417$0$5,780,909
89$14,475,513$145,877$0$6,280,946
90$15,855,331$56,340$0$6,831,408
91$17,372,844$0$0$7,437,531
92$19,042,002$0$0$8,125,212
93$20,878,174$0$0$8,912,514
94$22,898,293$0$0$9,778,815
95$25,121,016$0$0$10,732,131
96$27,566,900$0$0$11,781,295
97$30,258,596$0$0$12,936,040
98$33,221,061$0$0$14,207,091
99$36,481,794$0$0$15,606,263
100$40,071,096$0$0$17,146,577