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%11.8%
1 years$67,137$66,539$65,955$65,386$64,830$64,340
2 years$33,236$32,617$32,017$31,435$30,871$30,378
3 years$21,937$21,316$20,717$20,141$19,586$19,104
4 years$16,289$15,669$15,077$14,510$13,969$13,502
5 years$12,901$12,285$11,700$11,145$10,619$10,168
6 years$10,643$10,032$9,456$8,913$8,402$7,969
7 years$9,031$8,424$7,858$7,328$6,833$6,417
8 years$7,822$7,221$6,664$6,147$5,669$5,269
9 years$6,883$6,287$5,740$5,236$4,774$4,392
10 years$6,131$5,542$5,004$4,514$4,068$3,702
11 years$5,517$4,934$4,405$3,928$3,498$3,149
12 years$5,006$4,428$3,910$3,446$3,032$2,699
13 years$4,573$4,002$3,493$3,042$2,644$2,327
14 years$4,203$3,638$3,138$2,700$2,317$2,016
15 years$3,882$3,323$2,834$2,408$2,040$1,754
16 years$3,602$3,049$2,569$2,156$1,803$1,531
17 years$3,355$2,808$2,338$1,937$1,599$1,341
18 years$3,135$2,595$2,134$1,746$1,422$1,178
19 years$2,939$2,405$1,954$1,578$1,267$1,036
20 years$2,763$2,234$1,793$1,429$1,132$914
21 years$2,604$2,081$1,649$1,297$1,013$807
22 years$2,459$1,943$1,520$1,179$908$714
23 years$2,328$1,817$1,403$1,074$815$632
24 years$2,207$1,703$1,298$979$733$561
25 years$2,096$1,598$1,202$894$659$498
26 years$1,994$1,502$1,115$818$594$442
27 years$1,900$1,413$1,035$749$535$393
28 years$1,812$1,332$962$686$483$350
29 years$1,731$1,256$896$629$436$311
30 years$1,655$1,186$834$577$394$277
31 years$1,584$1,122$778$530$356$247
32 years$1,518$1,061$726$487$322$220
33 years$1,456$1,005$678$448$292$196
34 years$1,398$952$633$412$264$175
35 years$1,343$903$592$379$239$156
36 years$1,291$857$554$349$217$139
37 years$1,242$814$518$322$196$124
38 years$1,196$774$485$297$178$111
39 years$1,153$736$455$274$161$99
40 years$1,111$700$426$252$146$89
41 years$1,072$667$400$233$133$79
42 years$1,035$635$375$215$121$71
43 years$1,000$605$352$198$109$63
44 years$966$577$330$183$99$57
45 years$934$550$310$169$90$51
46 years$903$524$291$156$82$45
47 years$874$500$274$144$74$40
48 years$846$478$257$133$68$36
49 years$819$456$242$123$61$32
50 years$794$436$227$114$56$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $813,000, adding $6,120 every year, while hoping to spend $24,648 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: 62/31/7 Blend
53$813,000$813,000$813,000$813,000
54$902,239$859,150$846,548$956,566
55$968,042$875,023$848,682$1,009,470
56$1,039,731$890,848$850,062$1,063,763
57$1,117,880$906,596$850,635$1,122,389
58$1,203,121$922,236$850,349$1,185,766
59$1,296,150$937,737$849,147$1,254,354
60$1,397,733$953,062$846,969$1,328,661
61$1,508,713$968,173$843,753$1,409,246
62$1,630,018$983,029$839,435$1,496,726
63$1,762,669$997,587$833,946$1,591,778
64$1,907,792$1,011,800$827,214$1,695,152
65$2,066,626$1,025,617$819,164$1,807,673
66$2,240,534$1,038,984$809,719$1,930,248
67$2,431,019$1,051,845$798,794$2,063,881
68$2,639,735$1,064,137$786,306$2,209,675
69$2,868,503$1,075,795$772,163$2,368,846
70$3,119,330$1,086,749$756,270$2,542,737
71$3,394,427$1,096,925$738,530$2,732,826
72$3,696,226$1,106,242$718,839$2,940,742
73$4,027,410$1,114,616$697,088$3,168,282
74$4,390,930$1,121,957$673,165$3,417,427
75$4,790,040$1,128,168$646,951$3,690,359
76$5,228,324$1,133,147$618,324$3,989,484
77$5,709,728$1,136,786$587,152$4,317,454
78$6,238,600$1,138,969$553,302$4,677,194
79$6,819,732$1,139,574$516,632$5,071,927
80$7,458,400$1,138,468$476,995$5,505,204
81$8,160,419$1,135,515$434,236$5,980,942
82$8,932,193$1,130,567$388,195$6,503,459
83$9,780,780$1,123,468$338,703$7,077,512
84$10,713,954$1,114,052$285,584$7,708,348
85$11,740,281$1,102,144$228,654$8,401,749
86$12,869,199$1,087,559$167,723$9,164,089
87$14,111,106$1,070,097$102,591$10,002,394
88$15,477,458$1,049,552$33,047$10,924,408
89$16,980,880$1,025,701$0$11,938,670
90$18,635,280$998,310$0$13,057,663
91$20,455,982$967,131$0$14,291,522
92$22,459,873$931,901$0$15,649,225
93$24,665,558$892,342$0$17,143,395
94$27,093,538$848,161$0$18,787,944
95$29,766,404$799,045$0$20,598,204
96$32,709,045$744,667$0$22,591,075
97$35,948,890$684,678$0$24,785,183
98$39,516,160$618,710$0$27,201,058
99$43,444,156$546,375$0$29,861,326
100$47,769,575$467,262$0$32,790,926