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%12.9%
1 years$67,054$66,457$65,874$65,305$64,750$63,967
2 years$33,195$32,577$31,978$31,397$30,833$30,046
3 years$21,910$21,289$20,692$20,116$19,562$18,794
4 years$16,269$15,650$15,058$14,493$13,952$13,209
5 years$12,885$12,270$11,686$11,132$10,606$9,891
6 years$10,630$10,019$9,444$8,902$8,392$7,705
7 years$9,020$8,414$7,848$7,319$6,825$6,167
8 years$7,812$7,212$6,656$6,140$5,662$5,033
9 years$6,874$6,280$5,733$5,230$4,768$4,167
10 years$6,124$5,535$4,998$4,508$4,063$3,490
11 years$5,510$4,928$4,400$3,923$3,494$2,948
12 years$5,000$4,423$3,905$3,441$3,028$2,509
13 years$4,568$3,997$3,489$3,038$2,640$2,148
14 years$4,198$3,633$3,135$2,697$2,315$1,847
15 years$3,877$3,319$2,830$2,405$2,038$1,596
16 years$3,597$3,045$2,566$2,154$1,801$1,383
17 years$3,351$2,804$2,335$1,935$1,597$1,202
18 years$3,132$2,591$2,131$1,744$1,420$1,047
19 years$2,936$2,402$1,951$1,576$1,266$914
20 years$2,760$2,232$1,791$1,427$1,131$800
21 years$2,601$2,079$1,647$1,295$1,012$700
22 years$2,456$1,940$1,518$1,178$907$614
23 years$2,325$1,815$1,402$1,072$814$540
24 years$2,204$1,700$1,296$978$732$474
25 years$2,093$1,596$1,201$893$658$417
26 years$1,991$1,500$1,114$817$593$368
27 years$1,897$1,411$1,034$748$535$324
28 years$1,810$1,330$961$685$482$286
29 years$1,729$1,255$895$628$436$252
30 years$1,653$1,185$833$576$394$222
31 years$1,582$1,120$777$529$356$196
32 years$1,516$1,060$725$487$322$174
33 years$1,454$1,004$677$447$291$153
34 years$1,396$951$632$412$264$136
35 years$1,341$902$591$379$239$120
36 years$1,290$856$553$349$216$106
37 years$1,241$813$518$322$196$94
38 years$1,195$773$485$296$178$83
39 years$1,151$735$454$273$161$73
40 years$1,110$699$426$252$146$65
41 years$1,071$666$399$233$133$57
42 years$1,034$634$374$215$120$51
43 years$998$604$351$198$109$45
44 years$965$576$330$183$99$40
45 years$933$549$310$169$90$35
46 years$902$524$291$156$82$31
47 years$873$500$273$144$74$28
48 years$845$477$257$133$67$24
49 years$818$456$241$123$61$22
50 years$793$435$227$114$56$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $812,000, adding $3,695 every year, while hoping to spend $23,436 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: 45/25/30 Blend
53$812,000$812,000$812,000$812,000
54$898,635$855,599$843,013$931,131
55$965,360$872,588$846,319$971,660
56$1,038,106$889,624$848,949$1,013,071
57$1,117,461$906,684$850,857$1,057,545
58$1,204,075$923,744$851,994$1,105,380
59$1,298,662$940,778$852,307$1,156,908
60$1,402,007$957,758$851,740$1,212,495
61$1,514,976$974,653$850,238$1,272,544
62$1,638,522$991,429$847,739$1,337,500
63$1,773,693$1,008,051$844,181$1,407,854
64$1,921,645$1,024,481$839,496$1,484,148
65$2,083,651$1,040,678$833,617$1,566,982
66$2,261,109$1,056,597$826,469$1,657,015
67$2,455,563$1,072,192$817,977$1,754,977
68$2,668,713$1,087,411$808,061$1,861,673
69$2,902,428$1,102,200$796,637$1,977,989
70$3,158,769$1,116,502$783,618$2,104,905
71$3,440,006$1,130,253$768,912$2,243,502
72$3,748,639$1,143,388$752,424$2,394,974
73$4,087,422$1,155,836$734,052$2,560,636
74$4,459,389$1,167,521$713,692$2,741,939
75$4,867,880$1,178,363$691,234$2,940,486
76$5,316,576$1,188,276$666,563$3,158,045
77$5,809,533$1,197,167$639,559$3,396,564
78$6,351,217$1,204,941$610,096$3,658,195
79$6,946,551$1,211,492$578,043$3,945,311
80$7,600,955$1,216,711$543,263$4,260,527
81$8,320,402$1,220,480$505,613$4,606,733
82$9,111,474$1,222,674$464,942$4,987,110
83$9,981,421$1,223,161$421,094$5,405,173
84$10,938,230$1,221,801$373,905$5,864,795
85$11,990,703$1,218,442$323,204$6,370,248
86$13,148,537$1,212,928$268,813$6,926,243
87$14,422,415$1,205,089$210,546$7,537,978
88$15,824,110$1,194,747$148,208$8,211,183
89$17,366,591$1,181,712$81,595$8,952,177
90$19,064,152$1,165,784$10,497$9,767,929
91$20,932,537$1,146,749$0$10,666,125
92$22,989,099$1,124,383$0$11,676,165
93$25,252,956$1,098,447$0$12,791,411
94$27,745,174$1,068,687$0$14,018,880
95$30,488,965$1,034,836$0$15,370,012
96$33,509,907$996,610$0$16,857,416
97$36,836,183$953,710$0$18,494,988
98$40,498,851$905,819$0$20,298,046
99$44,532,129$852,600$0$22,283,472
100$48,973,728$793,698$0$24,469,870