Can I retire at age 54 with 814,000?

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 $814,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$67,219$66,621$66,036$65,466$64,910$64,609
2 years$33,277$32,657$32,057$31,474$30,909$30,606
3 years$21,964$21,342$20,743$20,166$19,610$19,313
4 years$16,309$15,688$15,095$14,528$13,986$13,698
5 years$12,917$12,300$11,715$11,159$10,632$10,354
6 years$10,656$10,044$9,467$8,924$8,413$8,144
7 years$9,042$8,435$7,867$7,337$6,842$6,584
8 years$7,832$7,230$6,672$6,155$5,676$5,428
9 years$6,891$6,295$5,747$5,243$4,780$4,542
10 years$6,139$5,549$5,010$4,519$4,073$3,845
11 years$5,524$4,940$4,411$3,933$3,503$3,285
12 years$5,012$4,434$3,914$3,450$3,035$2,827
13 years$4,579$4,007$3,497$3,046$2,647$2,448
14 years$4,208$3,642$3,142$2,704$2,320$2,131
15 years$3,887$3,327$2,837$2,411$2,043$1,863
16 years$3,606$3,053$2,572$2,159$1,806$1,634
17 years$3,359$2,811$2,341$1,940$1,601$1,438
18 years$3,139$2,598$2,137$1,748$1,423$1,269
19 years$2,943$2,408$1,956$1,580$1,269$1,123
20 years$2,767$2,237$1,795$1,431$1,133$995
21 years$2,607$2,084$1,651$1,298$1,014$883
22 years$2,462$1,945$1,522$1,180$909$785
23 years$2,330$1,819$1,405$1,075$816$699
24 years$2,210$1,705$1,300$981$733$623
25 years$2,099$1,600$1,204$895$660$556
26 years$1,996$1,503$1,116$819$595$497
27 years$1,902$1,415$1,037$749$536$444
28 years$1,814$1,333$964$687$484$397
29 years$1,733$1,258$897$630$437$356
30 years$1,657$1,188$835$578$395$318
31 years$1,586$1,123$779$531$357$285
32 years$1,520$1,063$727$488$323$256
33 years$1,458$1,006$678$449$292$229
34 years$1,399$954$634$413$264$206
35 years$1,345$905$593$380$239$185
36 years$1,293$859$554$350$217$166
37 years$1,244$815$519$322$197$149
38 years$1,198$775$486$297$178$134
39 years$1,154$737$455$274$162$120
40 years$1,113$701$427$253$147$108
41 years$1,074$667$400$233$133$97
42 years$1,036$636$375$215$121$87
43 years$1,001$606$352$199$110$78
44 years$967$577$331$183$99$71
45 years$935$550$310$169$90$63
46 years$904$525$292$156$82$57
47 years$875$501$274$145$74$51
48 years$847$478$257$134$68$46
49 years$820$457$242$123$61$42
50 years$795$436$227$114$56$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $814,000, adding $5,853 every year, while hoping to spend $33,536 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: 21/49/30 Blend
53$814,000$814,000$814,000$814,000
54$903,065$859,923$847,306$913,369
55$959,496$866,378$840,009$929,798
56$1,020,559$872,024$831,343$944,207
57$1,086,690$876,788$821,228$958,888
58$1,158,371$880,589$809,578$973,884
59$1,236,130$883,343$796,304$989,247
60$1,320,548$884,959$781,313$1,005,037
61$1,412,264$885,343$764,507$1,021,321
62$1,511,981$884,391$745,784$1,038,178
63$1,620,473$881,996$725,037$1,055,699
64$1,738,591$878,043$702,155$1,073,988
65$1,867,270$872,410$677,021$1,093,161
66$2,007,542$864,969$649,512$1,113,354
67$2,160,542$855,582$619,500$1,134,718
68$2,327,516$844,105$586,852$1,157,428
69$2,509,839$830,382$551,429$1,181,678
70$2,709,024$814,253$513,083$1,207,690
71$2,926,737$795,543$471,664$1,235,713
72$3,164,810$774,071$427,010$1,266,029
73$3,425,262$749,642$378,956$1,298,952
74$3,710,316$722,051$327,329$1,334,840
75$4,022,419$691,083$271,945$1,374,089
76$4,364,267$656,507$212,616$1,417,148
77$4,738,827$618,081$149,144$1,464,518
78$5,149,369$575,548$81,322$1,516,758
79$5,599,492$528,638$8,934$1,574,497
80$6,093,162$477,062$0$1,638,433
81$6,634,746$420,520$0$1,731,219
82$7,229,053$358,689$0$1,836,331
83$7,881,383$291,231$0$1,951,959
84$8,597,573$217,790$0$2,079,268
85$9,384,051$137,987$0$2,219,552
86$10,247,899$51,424$0$2,374,244
87$11,196,921$0$0$2,544,932
88$12,239,710$0$0$2,756,196
89$13,385,736$0$0$3,019,006
90$14,645,430$0$0$3,308,044
91$16,030,285$0$0$3,625,970
92$17,552,963$0$0$3,975,709
93$19,227,412$0$0$4,360,489
94$21,069,003$0$0$4,783,863
95$23,094,669$0$0$5,249,747
96$25,323,066$0$0$5,762,455
97$27,774,752$0$0$6,326,743
98$30,472,374$0$0$6,947,849
99$33,440,888$0$0$7,631,545
100$36,707,791$0$0$8,384,190