Can I retire at age 54 with 814,000?

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 $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%11.7%
1 years$67,219$66,621$66,036$65,466$64,910$64,446
2 years$33,277$32,657$32,057$31,474$30,909$30,442
3 years$21,964$21,342$20,743$20,166$19,610$19,154
4 years$16,309$15,688$15,095$14,528$13,986$13,544
5 years$12,917$12,300$11,715$11,159$10,632$10,205
6 years$10,656$10,044$9,467$8,924$8,413$8,002
7 years$9,042$8,435$7,867$7,337$6,842$6,447
8 years$7,832$7,230$6,672$6,155$5,676$5,297
9 years$6,891$6,295$5,747$5,243$4,780$4,417
10 years$6,139$5,549$5,010$4,519$4,073$3,726
11 years$5,524$4,940$4,411$3,933$3,503$3,172
12 years$5,012$4,434$3,914$3,450$3,035$2,720
13 years$4,579$4,007$3,497$3,046$2,647$2,346
14 years$4,208$3,642$3,142$2,704$2,320$2,034
15 years$3,887$3,327$2,837$2,411$2,043$1,771
16 years$3,606$3,053$2,572$2,159$1,806$1,547
17 years$3,359$2,811$2,341$1,940$1,601$1,356
18 years$3,139$2,598$2,137$1,748$1,423$1,192
19 years$2,943$2,408$1,956$1,580$1,269$1,049
20 years$2,767$2,237$1,795$1,431$1,133$926
21 years$2,607$2,084$1,651$1,298$1,014$819
22 years$2,462$1,945$1,522$1,180$909$725
23 years$2,330$1,819$1,405$1,075$816$642
24 years$2,210$1,705$1,300$981$733$570
25 years$2,099$1,600$1,204$895$660$506
26 years$1,996$1,503$1,116$819$595$450
27 years$1,902$1,415$1,037$749$536$400
28 years$1,814$1,333$964$687$484$356
29 years$1,733$1,258$897$630$437$318
30 years$1,657$1,188$835$578$395$283
31 years$1,586$1,123$779$531$357$252
32 years$1,520$1,063$727$488$323$225
33 years$1,458$1,006$678$449$292$201
34 years$1,399$954$634$413$264$179
35 years$1,345$905$593$380$239$160
36 years$1,293$859$554$350$217$143
37 years$1,244$815$519$322$197$128
38 years$1,198$775$486$297$178$114
39 years$1,154$737$455$274$162$102
40 years$1,113$701$427$253$147$91
41 years$1,074$667$400$233$133$82
42 years$1,036$636$375$215$121$73
43 years$1,001$606$352$199$110$65
44 years$967$577$331$183$99$58
45 years$935$550$310$169$90$52
46 years$904$525$292$156$82$47
47 years$875$501$274$145$74$42
48 years$847$478$257$134$68$37
49 years$820$457$242$123$61$33
50 years$795$436$227$114$56$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $814,000, adding $6,517 every year, while hoping to spend $27,590 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: 80/14/6 Blend
53$814,000$814,000$814,000$814,000
54$903,750$860,608$847,991$975,111
55$966,577$873,423$847,043$1,035,586
56$1,034,888$885,940$845,139$1,097,613
57$1,109,212$898,117$842,217$1,164,831
58$1,190,134$909,907$838,214$1,237,744
59$1,278,295$921,259$833,061$1,316,906
60$1,374,401$932,121$826,689$1,402,928
61$1,479,231$942,436$819,023$1,496,483
62$1,593,639$952,142$809,987$1,598,311
63$1,718,568$961,175$799,500$1,709,229
64$1,855,055$969,465$787,476$1,830,134
65$2,004,241$976,939$773,827$1,962,018
66$2,167,383$983,519$758,459$2,105,972
67$2,345,864$989,120$741,276$2,263,196
68$2,541,210$993,654$722,176$2,435,015
69$2,755,096$997,026$701,052$2,622,888
70$2,989,372$999,136$677,793$2,828,422
71$3,246,071$999,877$652,282$3,053,388
72$3,527,435$999,135$624,398$3,299,738
73$3,835,931$996,790$594,013$3,569,621
74$4,174,277$992,715$560,994$3,865,408
75$4,545,468$986,773$525,203$4,189,708
76$4,952,802$978,820$486,492$4,545,401
77$5,399,909$968,704$444,712$4,935,655
78$5,890,792$956,263$399,702$5,363,964
79$6,429,858$941,325$351,297$5,834,180
80$7,021,962$923,708$299,324$6,350,546
81$7,672,453$903,221$243,602$6,917,736
82$8,387,223$879,659$183,943$7,540,905
83$9,172,763$852,805$120,148$8,225,731
84$10,036,225$822,432$52,013$8,978,472
85$10,985,487$788,298$0$9,806,026
86$12,029,229$750,147$0$10,717,320
87$13,177,013$707,708$0$11,723,043
88$14,439,378$660,694$0$12,829,110
89$15,827,930$608,804$0$14,045,710
90$17,355,460$551,717$0$15,384,072
91$19,036,060$489,094$0$16,856,571
92$20,885,258$420,579$0$18,476,841
93$22,920,160$345,793$0$20,259,911
94$25,159,617$264,338$0$22,222,340
95$27,624,400$175,792$0$24,382,376
96$30,337,393$79,711$0$26,760,131
97$33,323,813$0$0$29,377,767
98$36,611,447$0$0$32,263,462
99$40,230,910$0$0$35,453,966
100$44,215,939$0$0$38,966,739