Can I retire at age 54 with 816,000?

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 $816,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$67,385$66,784$66,199$65,627$65,069$64,713
2 years$33,359$32,737$32,135$31,551$30,985$30,626
3 years$22,018$21,394$20,794$20,215$19,658$19,307
4 years$16,349$15,727$15,132$14,564$14,020$13,680
5 years$12,949$12,330$11,743$11,187$10,658$10,329
6 years$10,682$10,069$9,490$8,946$8,433$8,117
7 years$9,064$8,456$7,887$7,355$6,859$6,554
8 years$7,851$7,248$6,688$6,170$5,690$5,397
9 years$6,908$6,311$5,761$5,255$4,792$4,511
10 years$6,154$5,563$5,022$4,530$4,083$3,814
11 years$5,538$4,952$4,422$3,943$3,511$3,255
12 years$5,024$4,445$3,924$3,458$3,043$2,798
13 years$4,590$4,017$3,506$3,053$2,653$2,420
14 years$4,218$3,651$3,150$2,710$2,326$2,103
15 years$3,897$3,335$2,844$2,417$2,048$1,836
16 years$3,615$3,060$2,579$2,164$1,810$1,609
17 years$3,367$2,818$2,346$1,944$1,605$1,414
18 years$3,147$2,604$2,142$1,752$1,427$1,246
19 years$2,950$2,413$1,961$1,583$1,272$1,100
20 years$2,773$2,243$1,800$1,434$1,136$974
21 years$2,613$2,089$1,655$1,302$1,017$863
22 years$2,468$1,950$1,526$1,183$911$766
23 years$2,336$1,824$1,409$1,078$818$681
24 years$2,215$1,709$1,303$983$735$606
25 years$2,104$1,604$1,207$898$662$540
26 years$2,001$1,507$1,119$821$596$482
27 years$1,907$1,418$1,039$751$537$430
28 years$1,819$1,337$966$688$485$384
29 years$1,737$1,261$899$631$438$343
30 years$1,661$1,191$837$579$396$307
31 years$1,590$1,126$781$532$358$275
32 years$1,524$1,065$728$489$324$246
33 years$1,461$1,009$680$450$293$220
34 years$1,403$956$635$414$265$197
35 years$1,348$907$594$381$240$177
36 years$1,296$861$556$351$218$158
37 years$1,247$817$520$323$197$142
38 years$1,201$777$487$298$179$127
39 years$1,157$739$456$275$162$114
40 years$1,116$703$428$253$147$102
41 years$1,076$669$401$234$133$92
42 years$1,039$637$376$216$121$82
43 years$1,003$607$353$199$110$74
44 years$970$579$331$184$100$66
45 years$937$552$311$170$91$60
46 years$907$526$292$157$82$54
47 years$877$502$275$145$75$48
48 years$849$480$258$134$68$43
49 years$822$458$243$124$62$39
50 years$797$437$228$114$56$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $816,000, adding $5,910 every year, while hoping to spend $23,568 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: 75/19/6 Blend
53$816,000$816,000$816,000$816,000
54$905,328$862,080$849,432$972,213
55$972,595$879,246$852,812$1,034,178
56$1,045,934$896,463$855,515$1,098,461
57$1,125,939$913,709$857,494$1,168,216
58$1,213,263$930,959$858,699$1,243,976
59$1,308,628$948,188$859,077$1,326,328
60$1,412,825$965,367$858,574$1,415,919
61$1,526,729$982,465$857,131$1,513,459
62$1,651,299$999,449$854,689$1,619,734
63$1,787,593$1,016,285$851,183$1,735,606
64$1,936,778$1,032,933$846,547$1,862,026
65$2,100,135$1,049,352$840,713$2,000,043
66$2,279,077$1,065,499$833,605$2,150,811
67$2,475,161$1,081,326$825,148$2,315,602
68$2,690,098$1,096,782$815,262$2,495,816
69$2,925,778$1,111,814$803,863$2,692,998
70$3,184,277$1,126,363$790,862$2,908,848
71$3,467,885$1,140,367$776,168$3,145,241
72$3,779,125$1,153,759$759,685$3,404,241
73$4,120,772$1,166,470$741,311$3,688,124
74$4,495,886$1,178,423$720,941$3,999,397
75$4,907,839$1,189,538$698,464$4,340,822
76$5,360,342$1,199,729$673,766$4,715,445
77$5,857,485$1,208,904$646,725$5,126,618
78$6,403,774$1,216,965$617,216$5,578,040
79$7,004,172$1,223,810$585,107$6,073,784
80$7,664,149$1,229,328$550,258$6,618,340
81$8,389,728$1,233,400$512,528$7,216,653
82$9,187,546$1,235,903$471,764$7,874,177
83$10,064,917$1,236,704$427,809$8,596,918
84$11,029,898$1,235,662$380,500$9,391,499
85$12,091,365$1,232,627$329,664$10,265,214
86$13,259,099$1,227,440$275,122$11,226,106
87$14,543,876$1,219,933$216,688$12,283,036
88$15,957,569$1,209,927$154,164$13,445,769
89$17,513,260$1,197,233$87,348$14,725,068
90$19,225,365$1,181,650$16,027$16,132,793
91$21,109,765$1,162,964$0$17,682,015
92$23,183,962$1,140,950$0$19,390,986
93$25,467,238$1,115,369$0$21,273,080
94$27,980,842$1,085,967$0$23,344,780
95$30,748,186$1,052,477$0$25,625,383
96$33,795,067$1,014,615$0$28,136,154
97$37,149,914$972,081$0$30,900,530
98$40,844,048$924,556$0$33,944,335
99$44,911,987$871,706$0$37,296,031
100$49,391,764$813,174$0$40,986,980