Can I retire at age 54 with 815,000?

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 $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%16.1%
1 years$67,302$66,702$66,118$65,547$64,989$63,367
2 years$33,318$32,697$32,096$31,513$30,947$29,323
3 years$21,991$21,368$20,768$20,191$19,634$18,059
4 years$16,329$15,708$15,114$14,546$14,003$12,489
5 years$12,933$12,315$11,729$11,173$10,645$9,196
6 years$10,669$10,056$9,479$8,935$8,423$7,041
7 years$9,053$8,445$7,877$7,346$6,850$5,535
8 years$7,841$7,239$6,680$6,162$5,683$4,434
9 years$6,899$6,303$5,754$5,249$4,786$3,602
10 years$6,146$5,556$5,016$4,525$4,078$2,957
11 years$5,531$4,946$4,416$3,938$3,507$2,449
12 years$5,018$4,439$3,919$3,454$3,039$2,041
13 years$4,584$4,012$3,502$3,049$2,650$1,711
14 years$4,213$3,647$3,146$2,707$2,323$1,440
15 years$3,892$3,331$2,841$2,414$2,045$1,217
16 years$3,611$3,056$2,575$2,162$1,808$1,031
17 years$3,363$2,815$2,344$1,942$1,603$876
18 years$3,143$2,601$2,139$1,750$1,425$745
19 years$2,947$2,411$1,958$1,581$1,270$636
20 years$2,770$2,240$1,797$1,432$1,135$543
21 years$2,610$2,086$1,653$1,300$1,015$464
22 years$2,465$1,948$1,524$1,182$910$397
23 years$2,333$1,822$1,407$1,076$817$340
24 years$2,212$1,707$1,301$982$734$292
25 years$2,101$1,602$1,205$897$661$250
26 years$1,999$1,505$1,118$820$595$215
27 years$1,904$1,417$1,038$750$537$185
28 years$1,816$1,335$965$688$484$159
29 years$1,735$1,259$898$630$437$136
30 years$1,659$1,189$836$579$395$117
31 years$1,588$1,124$780$531$357$101
32 years$1,522$1,064$727$488$323$87
33 years$1,460$1,007$679$449$292$75
34 years$1,401$955$635$413$265$64
35 years$1,346$906$593$380$240$55
36 years$1,294$860$555$350$217$48
37 years$1,246$816$520$323$197$41
38 years$1,199$776$487$298$179$35
39 years$1,156$738$456$274$162$30
40 years$1,114$702$427$253$147$26
41 years$1,075$668$401$233$133$22
42 years$1,038$636$376$215$121$19
43 years$1,002$606$353$199$110$17
44 years$968$578$331$184$100$14
45 years$936$551$311$170$90$12
46 years$905$526$292$157$82$11
47 years$876$502$274$145$75$9
48 years$848$479$258$134$68$8
49 years$821$457$242$124$61$7
50 years$796$437$228$114$56$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $815,000, adding $6,848 every year, while hoping to spend $39,233 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: 49/31/20 Blend
53$815,000$815,000$815,000$815,000
54$905,194$861,999$849,366$944,156
55$955,780$862,493$836,076$972,393
56$1,010,211$861,697$821,026$998,510
57$1,068,838$859,505$804,116$1,026,056
58$1,132,045$855,807$785,240$1,055,183
59$1,200,256$850,484$764,288$1,086,058
60$1,273,937$843,412$741,146$1,118,868
61$1,353,597$834,458$715,694$1,153,821
62$1,439,799$823,482$687,804$1,191,147
63$1,533,160$810,333$657,347$1,231,107
64$1,634,358$794,856$624,184$1,273,985
65$1,744,141$776,882$588,172$1,320,101
66$1,863,328$756,233$549,160$1,369,811
67$1,992,822$732,724$506,992$1,423,507
68$2,133,617$706,155$461,504$1,481,628
69$2,286,806$676,316$412,524$1,544,661
70$2,453,590$642,985$359,873$1,613,145
71$2,635,292$605,927$303,364$1,687,679
72$2,833,367$564,893$242,803$1,768,930
73$3,049,419$519,621$177,985$1,857,633
74$3,285,210$469,833$108,698$1,954,609
75$3,542,681$415,234$34,719$2,060,762
76$3,823,969$355,516$0$2,177,099
77$4,131,427$290,349$0$2,314,171
78$4,467,644$219,387$0$2,472,295
79$4,835,471$142,265$0$2,645,473
80$5,238,049$58,596$0$2,835,275
81$5,678,835$0$0$3,043,436
82$6,161,635$0$0$3,282,795
83$6,690,644$0$0$3,567,052
84$7,270,477$0$0$3,878,709
85$7,906,222$0$0$4,220,511
86$8,603,478$0$0$4,595,482
87$9,368,416$0$0$5,006,951
88$10,207,829$0$0$5,458,586
89$11,129,204$0$0$5,954,426
90$12,140,784$0$0$6,498,923
91$13,251,652$0$0$7,096,978
92$14,471,813$0$0$7,753,993
93$15,812,288$0$0$8,475,917
94$17,285,218$0$0$9,269,304
95$18,903,979$0$0$10,141,376
96$20,683,308$0$0$11,100,086
97$22,639,438$0$0$12,154,200
98$24,790,257$0$0$13,313,374
99$27,155,469$0$0$14,588,245
100$29,756,785$0$0$15,990,537