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%19.6%
1 years$67,219$66,621$66,036$65,466$64,910$62,408
2 years$33,277$32,657$32,057$31,474$30,909$28,419
3 years$21,964$21,342$20,743$20,166$19,610$17,209
4 years$16,309$15,688$15,095$14,528$13,986$11,693
5 years$12,917$12,300$11,715$11,159$10,632$8,453
6 years$10,656$10,044$9,467$8,924$8,413$6,348
7 years$9,042$8,435$7,867$7,337$6,842$4,892
8 years$7,832$7,230$6,672$6,155$5,676$3,839
9 years$6,891$6,295$5,747$5,243$4,780$3,053
10 years$6,139$5,549$5,010$4,519$4,073$2,452
11 years$5,524$4,940$4,411$3,933$3,503$1,985
12 years$5,012$4,434$3,914$3,450$3,035$1,617
13 years$4,579$4,007$3,497$3,046$2,647$1,323
14 years$4,208$3,642$3,142$2,704$2,320$1,087
15 years$3,887$3,327$2,837$2,411$2,043$896
16 years$3,606$3,053$2,572$2,159$1,806$740
17 years$3,359$2,811$2,341$1,940$1,601$613
18 years$3,139$2,598$2,137$1,748$1,423$508
19 years$2,943$2,408$1,956$1,580$1,269$422
20 years$2,767$2,237$1,795$1,431$1,133$351
21 years$2,607$2,084$1,651$1,298$1,014$292
22 years$2,462$1,945$1,522$1,180$909$243
23 years$2,330$1,819$1,405$1,075$816$203
24 years$2,210$1,705$1,300$981$733$169
25 years$2,099$1,600$1,204$895$660$141
26 years$1,996$1,503$1,116$819$595$118
27 years$1,902$1,415$1,037$749$536$98
28 years$1,814$1,333$964$687$484$82
29 years$1,733$1,258$897$630$437$69
30 years$1,657$1,188$835$578$395$57
31 years$1,586$1,123$779$531$357$48
32 years$1,520$1,063$727$488$323$40
33 years$1,458$1,006$678$449$292$33
34 years$1,399$954$634$413$264$28
35 years$1,345$905$593$380$239$23
36 years$1,293$859$554$350$217$19
37 years$1,244$815$519$322$197$16
38 years$1,198$775$486$297$178$14
39 years$1,154$737$455$274$162$11
40 years$1,113$701$427$253$147$10
41 years$1,074$667$400$233$133$8
42 years$1,036$636$375$215$121$7
43 years$1,001$606$352$199$110$6
44 years$967$577$331$183$99$5
45 years$935$550$310$169$90$4
46 years$904$525$292$156$82$3
47 years$875$501$274$145$74$3
48 years$847$478$257$134$68$2
49 years$820$457$242$123$61$2
50 years$795$436$227$114$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $814,000, adding $6,007 every year, while hoping to spend $53,344 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: 52/31/17 Blend
53$814,000$814,000$814,000$814,000
54$903,224$860,082$847,465$945,711
55$938,595$845,469$819,098$960,898
56$975,787$828,351$787,992$971,311
57$1,014,927$808,551$754,000$981,465
58$1,056,158$785,878$716,967$991,353
59$1,099,632$760,132$676,731$1,000,969
60$1,145,516$731,100$633,124$1,010,309
61$1,193,993$698,558$585,968$1,019,375
62$1,245,261$662,268$535,078$1,028,171
63$1,299,537$621,978$480,262$1,036,705
64$1,357,058$577,423$421,319$1,044,991
65$1,418,082$528,321$358,038$1,053,049
66$1,482,893$474,375$290,198$1,060,907
67$1,551,799$415,271$217,572$1,068,599
68$1,625,141$350,677$139,918$1,076,170
69$1,703,287$280,243$56,987$1,083,673
70$1,786,644$203,597$0$1,091,176
71$1,875,657$120,348$0$1,104,475
72$1,970,813$30,084$0$1,129,351
73$2,072,645$0$0$1,155,620
74$2,181,740$0$0$1,206,540
75$2,298,739$0$0$1,272,209
76$2,424,348$0$0$1,342,769
77$2,559,340$0$0$1,418,660
78$2,704,564$0$0$1,500,369
79$2,860,952$0$0$1,588,428
80$3,029,528$0$0$1,683,422
81$3,211,417$0$0$1,785,994
82$3,407,855$0$0$1,896,851
83$3,620,198$0$0$2,016,768
84$3,849,939$0$0$2,146,601
85$4,098,720$0$0$2,287,285
86$4,368,343$0$0$2,439,854
87$4,660,791$0$0$2,605,442
88$4,978,246$0$0$2,785,297
89$5,323,106$0$0$2,980,792
90$5,698,009$0$0$3,193,435
91$6,105,859$0$0$3,424,889
92$6,549,849$0$0$3,676,982
93$7,033,494$0$0$3,951,725
94$7,560,660$0$0$4,251,332
95$8,135,605$0$0$4,578,239
96$8,763,012$0$0$4,935,130
97$9,448,039$0$0$5,324,955
98$10,196,361$0$0$5,750,965
99$11,014,228$0$0$6,216,739
100$11,908,519$0$0$6,726,215