Can I retire at age 54 with 813,000?

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 $813,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$67,137$66,539$65,955$65,386$64,830$63,782
2 years$33,236$32,617$32,017$31,435$30,871$29,819
3 years$21,937$21,316$20,717$20,141$19,586$18,561
4 years$16,289$15,669$15,077$14,510$13,969$12,980
5 years$12,901$12,285$11,700$11,145$10,619$9,668
6 years$10,643$10,032$9,456$8,913$8,402$7,491
7 years$9,031$8,424$7,858$7,328$6,833$5,962
8 years$7,822$7,221$6,664$6,147$5,669$4,838
9 years$6,883$6,287$5,740$5,236$4,774$3,982
10 years$6,131$5,542$5,004$4,514$4,068$3,314
11 years$5,517$4,934$4,405$3,928$3,498$2,783
12 years$5,006$4,428$3,910$3,446$3,032$2,353
13 years$4,573$4,002$3,493$3,042$2,644$2,001
14 years$4,203$3,638$3,138$2,700$2,317$1,710
15 years$3,882$3,323$2,834$2,408$2,040$1,467
16 years$3,602$3,049$2,569$2,156$1,803$1,262
17 years$3,355$2,808$2,338$1,937$1,599$1,089
18 years$3,135$2,595$2,134$1,746$1,422$942
19 years$2,939$2,405$1,954$1,578$1,267$817
20 years$2,763$2,234$1,793$1,429$1,132$709
21 years$2,604$2,081$1,649$1,297$1,013$616
22 years$2,459$1,943$1,520$1,179$908$537
23 years$2,328$1,817$1,403$1,074$815$468
24 years$2,207$1,703$1,298$979$733$408
25 years$2,096$1,598$1,202$894$659$356
26 years$1,994$1,502$1,115$818$594$311
27 years$1,900$1,413$1,035$749$535$272
28 years$1,812$1,332$962$686$483$238
29 years$1,731$1,256$896$629$436$208
30 years$1,655$1,186$834$577$394$182
31 years$1,584$1,122$778$530$356$160
32 years$1,518$1,061$726$487$322$140
33 years$1,456$1,005$678$448$292$123
34 years$1,398$952$633$412$264$107
35 years$1,343$903$592$379$239$94
36 years$1,291$857$554$349$217$83
37 years$1,242$814$518$322$196$72
38 years$1,196$774$485$297$178$64
39 years$1,153$736$455$274$161$56
40 years$1,111$700$426$252$146$49
41 years$1,072$667$400$233$133$43
42 years$1,035$635$375$215$121$38
43 years$1,000$605$352$198$109$33
44 years$966$577$330$183$99$29
45 years$934$550$310$169$90$25
46 years$903$524$291$156$82$22
47 years$874$500$274$144$74$20
48 years$846$478$257$133$68$17
49 years$819$456$242$123$61$15
50 years$794$436$227$114$56$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $813,000, adding $6,258 every year, while hoping to spend $33,544 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: 57/37/6 Blend
53$813,000$813,000$813,000$813,000
54$902,381$859,292$846,691$952,337
55$958,733$865,707$839,364$993,068
56$1,019,709$871,312$830,668$1,033,094
57$1,085,745$876,032$820,521$1,075,867
58$1,157,321$879,786$808,838$1,121,653
59$1,234,963$882,491$795,529$1,170,745
60$1,319,252$884,056$780,502$1,223,465
61$1,410,825$884,385$763,659$1,280,172
62$1,510,385$883,375$744,897$1,341,260
63$1,618,703$880,920$724,110$1,407,166
64$1,736,629$876,903$701,186$1,478,372
65$1,865,097$871,203$676,007$1,555,411
66$2,005,136$863,690$648,452$1,638,870
67$2,157,877$854,228$618,393$1,729,400
68$2,324,566$842,672$585,695$1,827,720
69$2,506,576$828,866$550,220$1,934,621
70$2,705,415$812,649$511,820$2,050,979
71$2,922,745$793,847$470,344$2,177,764
72$3,160,396$772,277$425,632$2,316,042
73$3,420,383$747,745$377,517$2,466,994
74$3,704,924$720,046$325,826$2,631,924
75$4,016,462$688,964$270,376$2,812,269
76$4,357,686$654,267$210,978$3,009,619
77$4,731,558$615,715$147,435$3,225,728
78$5,141,341$573,049$79,538$3,462,533
79$5,590,627$525,998$7,072$3,722,172
80$6,083,374$474,275$0$4,007,005
81$6,623,941$417,577$0$4,324,137
82$7,217,127$355,582$0$4,672,719
83$7,868,220$287,952$0$5,055,490
84$8,583,046$214,329$0$5,475,969
85$9,368,020$134,335$0$5,938,040
86$10,230,212$47,570$0$6,445,987
87$11,177,406$0$0$7,004,539
88$12,218,181$0$0$7,637,795
89$13,361,987$0$0$8,355,102
90$14,619,233$0$0$9,143,629
91$16,001,390$0$0$10,010,579
92$17,521,094$0$0$10,963,888
93$19,192,265$0$0$12,012,301
94$21,030,242$0$0$13,165,449
95$23,051,925$0$0$14,433,948
96$25,275,932$0$0$15,829,490
97$27,722,778$0$0$17,364,961
98$30,415,067$0$0$19,054,557
99$33,377,702$0$0$20,913,921
100$36,638,126$0$0$22,960,287