Can I retire at age 54 with 815,000?

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 $815,000?

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$67,302$66,702$66,118$65,547$64,989$62,485
2 years$33,318$32,697$32,096$31,513$30,947$28,454
3 years$21,991$21,368$20,768$20,191$19,634$17,230
4 years$16,329$15,708$15,114$14,546$14,003$11,707
5 years$12,933$12,315$11,729$11,173$10,645$8,463
6 years$10,669$10,056$9,479$8,935$8,423$6,356
7 years$9,053$8,445$7,877$7,346$6,850$4,898
8 years$7,841$7,239$6,680$6,162$5,683$3,843
9 years$6,899$6,303$5,754$5,249$4,786$3,056
10 years$6,146$5,556$5,016$4,525$4,078$2,455
11 years$5,531$4,946$4,416$3,938$3,507$1,987
12 years$5,018$4,439$3,919$3,454$3,039$1,619
13 years$4,584$4,012$3,502$3,049$2,650$1,325
14 years$4,213$3,647$3,146$2,707$2,323$1,088
15 years$3,892$3,331$2,841$2,414$2,045$897
16 years$3,611$3,056$2,575$2,162$1,808$741
17 years$3,363$2,815$2,344$1,942$1,603$614
18 years$3,143$2,601$2,139$1,750$1,425$509
19 years$2,947$2,411$1,958$1,581$1,270$423
20 years$2,770$2,240$1,797$1,432$1,135$351
21 years$2,610$2,086$1,653$1,300$1,015$292
22 years$2,465$1,948$1,524$1,182$910$243
23 years$2,333$1,822$1,407$1,076$817$203
24 years$2,212$1,707$1,301$982$734$169
25 years$2,101$1,602$1,205$897$661$141
26 years$1,999$1,505$1,118$820$595$118
27 years$1,904$1,417$1,038$750$537$98
28 years$1,816$1,335$965$688$484$82
29 years$1,735$1,259$898$630$437$69
30 years$1,659$1,189$836$579$395$57
31 years$1,588$1,124$780$531$357$48
32 years$1,522$1,064$727$488$323$40
33 years$1,460$1,007$679$449$292$33
34 years$1,401$955$635$413$265$28
35 years$1,346$906$593$380$240$23
36 years$1,294$860$555$350$217$20
37 years$1,246$816$520$323$197$16
38 years$1,199$776$487$298$179$14
39 years$1,156$738$456$274$162$11
40 years$1,114$702$427$253$147$10
41 years$1,075$668$401$233$133$8
42 years$1,038$636$376$215$121$7
43 years$1,002$606$353$199$110$6
44 years$968$578$331$184$100$5
45 years$936$551$311$170$90$4
46 years$905$526$292$157$82$3
47 years$876$502$274$145$75$3
48 years$848$479$258$134$68$2
49 years$821$457$242$124$61$2
50 years$796$437$228$114$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $815,000, adding $5,535 every year, while hoping to spend $23,896 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: 69/20/11 Blend
53$815,000$815,000$815,000$815,000
54$903,839$860,644$848,012$963,752
55$970,606$877,391$850,995$1,020,983
56$1,043,382$894,157$853,277$1,080,165
57$1,122,754$910,918$854,810$1,144,278
58$1,209,371$927,649$855,542$1,213,805
59$1,303,943$944,321$855,419$1,289,273
60$1,407,256$960,902$854,386$1,371,267
61$1,520,171$977,361$852,382$1,460,429
62$1,643,638$993,662$849,347$1,557,467
63$1,778,704$1,009,767$845,216$1,663,161
64$1,926,521$1,025,634$839,919$1,778,371
65$2,088,356$1,041,220$833,386$1,904,043
66$2,265,605$1,056,477$825,542$2,041,221
67$2,459,808$1,071,356$816,309$2,191,055
68$2,672,658$1,085,801$805,604$2,354,813
69$2,906,020$1,099,756$793,343$2,533,891
70$3,161,948$1,113,158$779,434$2,729,828
71$3,442,706$1,125,942$763,784$2,944,320
72$3,750,785$1,138,037$746,294$3,179,237
73$4,088,932$1,149,367$726,862$3,436,639
74$4,460,170$1,159,853$705,379$3,718,796
75$4,867,830$1,169,409$681,732$4,028,210
76$5,315,583$1,177,944$655,804$4,367,641
77$5,807,470$1,185,361$627,471$4,740,126
78$6,347,946$1,191,557$596,605$5,149,016
79$6,941,915$1,196,422$563,070$5,598,004
80$7,594,783$1,199,840$526,726$6,091,158
81$8,312,505$1,201,686$487,425$6,632,965
82$9,101,641$1,201,829$445,014$7,228,367
83$9,969,418$1,200,128$399,332$7,882,812
84$10,923,800$1,196,436$350,210$8,602,306
85$11,973,560$1,190,594$297,475$9,393,467
86$13,128,365$1,182,435$240,942$10,263,589
87$14,398,865$1,171,781$180,421$11,220,712
88$15,796,796$1,158,445$115,711$12,273,698
89$17,335,087$1,142,226$46,605$13,432,311
90$19,027,984$1,122,914$0$14,707,317
91$20,891,186$1,100,284$0$16,113,764
92$22,941,988$1,074,099$0$17,667,587
93$25,199,449$1,044,109$0$19,377,748
94$27,684,569$1,010,045$0$21,260,159
95$30,420,486$971,629$0$23,332,355
96$33,432,698$928,561$0$25,613,663
97$36,749,298$880,526$0$28,125,377
98$40,401,246$827,191$0$30,890,967
99$44,422,653$768,203$0$33,936,298
100$48,851,109$703,190$0$37,289,875