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%12.4%
1 years$67,385$66,784$66,199$65,627$65,069$64,416
2 years$33,359$32,737$32,135$31,551$30,985$30,328
3 years$22,018$21,394$20,794$20,215$19,658$19,017
4 years$16,349$15,727$15,132$14,564$14,020$13,399
5 years$12,949$12,330$11,743$11,187$10,658$10,059
6 years$10,682$10,069$9,490$8,946$8,433$7,858
7 years$9,064$8,456$7,887$7,355$6,859$6,307
8 years$7,851$7,248$6,688$6,170$5,690$5,161
9 years$6,908$6,311$5,761$5,255$4,792$4,286
10 years$6,154$5,563$5,022$4,530$4,083$3,600
11 years$5,538$4,952$4,422$3,943$3,511$3,051
12 years$5,024$4,445$3,924$3,458$3,043$2,605
13 years$4,590$4,017$3,506$3,053$2,653$2,237
14 years$4,218$3,651$3,150$2,710$2,326$1,931
15 years$3,897$3,335$2,844$2,417$2,048$1,673
16 years$3,615$3,060$2,579$2,164$1,810$1,455
17 years$3,367$2,818$2,346$1,944$1,605$1,269
18 years$3,147$2,604$2,142$1,752$1,427$1,109
19 years$2,950$2,413$1,961$1,583$1,272$972
20 years$2,773$2,243$1,800$1,434$1,136$853
21 years$2,613$2,089$1,655$1,302$1,017$750
22 years$2,468$1,950$1,526$1,183$911$661
23 years$2,336$1,824$1,409$1,078$818$583
24 years$2,215$1,709$1,303$983$735$514
25 years$2,104$1,604$1,207$898$662$454
26 years$2,001$1,507$1,119$821$596$402
27 years$1,907$1,418$1,039$751$537$355
28 years$1,819$1,337$966$688$485$315
29 years$1,737$1,261$899$631$438$279
30 years$1,661$1,191$837$579$396$247
31 years$1,590$1,126$781$532$358$219
32 years$1,524$1,065$728$489$324$194
33 years$1,461$1,009$680$450$293$172
34 years$1,403$956$635$414$265$153
35 years$1,348$907$594$381$240$136
36 years$1,296$861$556$351$218$121
37 years$1,247$817$520$323$197$107
38 years$1,201$777$487$298$179$95
39 years$1,157$739$456$275$162$85
40 years$1,116$703$428$253$147$75
41 years$1,076$669$401$234$133$67
42 years$1,039$637$376$216$121$59
43 years$1,003$607$353$199$110$53
44 years$970$579$331$184$100$47
45 years$937$552$311$170$91$42
46 years$907$526$292$157$82$37
47 years$877$502$275$145$75$33
48 years$849$480$258$134$68$29
49 years$822$458$243$124$62$26
50 years$797$437$228$114$56$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $816,000, adding $4,447 every year, while hoping to spend $57,085 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: 64/17/19 Blend
53$816,000$816,000$816,000$816,000
54$903,819$860,571$847,923$957,047
55$935,271$842,001$815,591$974,793
56$968,017$820,608$780,262$987,289
57$1,002,130$796,193$741,776$999,594
58$1,037,687$768,546$699,965$1,011,694
59$1,074,771$737,444$654,653$1,023,573
60$1,113,471$702,653$605,658$1,035,215
61$1,153,885$663,923$552,787$1,046,608
62$1,196,116$620,990$495,840$1,057,739
63$1,240,278$573,576$434,609$1,068,596
64$1,286,492$521,388$368,874$1,079,172
65$1,334,891$464,112$298,408$1,089,458
66$1,385,617$401,421$222,973$1,099,450
67$1,438,827$332,968$142,319$1,109,148
68$1,494,688$258,384$56,187$1,118,554
69$1,553,384$177,282$0$1,127,675
70$1,615,113$89,253$0$1,143,766
71$1,680,091$0$0$1,172,229
72$1,748,556$0$0$1,202,893
73$1,820,761$0$0$1,252,863
74$1,896,989$0$0$1,305,639
75$1,977,542$0$0$1,361,436
76$2,062,755$0$0$1,420,486
77$2,152,989$0$0$1,483,045
78$2,248,642$0$0$1,549,391
79$2,350,147$0$0$1,619,830
80$2,457,979$0$0$1,694,694
81$2,572,655$0$0$1,774,349
82$2,694,742$0$0$1,859,192
83$2,824,862$0$0$1,949,660
84$2,963,695$0$0$2,046,232
85$3,111,986$0$0$2,149,433
86$3,270,552$0$0$2,259,836
87$3,440,287$0$0$2,378,072
88$3,622,173$0$0$2,504,832
89$3,817,288$0$0$2,640,873
90$4,026,813$0$0$2,787,028
91$4,252,044$0$0$2,944,210
92$4,494,405$0$0$3,113,420
93$4,755,460$0$0$3,295,760
94$5,036,925$0$0$3,492,440
95$5,340,686$0$0$3,704,786
96$5,668,816$0$0$3,934,260
97$6,023,591$0$0$4,182,465
98$6,407,515$0$0$4,451,165
99$6,823,339$0$0$4,742,297
100$7,274,089$0$0$5,057,995