Can I retire at age 54 with 818,000?

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 $818,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$67,550$66,948$66,361$65,788$65,228$62,764
2 years$33,440$32,818$32,214$31,629$31,061$28,607
3 years$22,072$21,447$20,845$20,265$19,706$17,340
4 years$16,389$15,766$15,170$14,600$14,055$11,794
5 years$12,980$12,360$11,772$11,214$10,684$8,534
6 years$10,708$10,093$9,514$8,968$8,454$6,417
7 years$9,086$8,476$7,906$7,373$6,875$4,950
8 years$7,870$7,266$6,705$6,185$5,704$3,889
9 years$6,925$6,326$5,775$5,268$4,803$3,097
10 years$6,169$5,576$5,035$4,541$4,093$2,491
11 years$5,551$4,964$4,432$3,952$3,520$2,019
12 years$5,036$4,456$3,934$3,467$3,050$1,646
13 years$4,601$4,027$3,514$3,061$2,660$1,349
14 years$4,229$3,660$3,158$2,717$2,332$1,110
15 years$3,906$3,343$2,851$2,423$2,053$916
16 years$3,624$3,068$2,585$2,169$1,814$758
17 years$3,375$2,825$2,352$1,949$1,609$628
18 years$3,155$2,611$2,147$1,757$1,430$522
19 years$2,957$2,419$1,966$1,587$1,275$434
20 years$2,780$2,248$1,804$1,438$1,139$362
21 years$2,620$2,094$1,659$1,305$1,019$301
22 years$2,474$1,955$1,529$1,186$914$251
23 years$2,342$1,828$1,412$1,080$820$210
24 years$2,220$1,713$1,306$985$737$175
25 years$2,109$1,608$1,210$900$663$146
26 years$2,006$1,511$1,122$823$597$122
27 years$1,911$1,422$1,042$753$539$102
28 years$1,823$1,340$968$690$486$86
29 years$1,741$1,264$901$633$439$72
30 years$1,665$1,194$839$581$397$60
31 years$1,594$1,128$783$533$359$50
32 years$1,527$1,068$730$490$324$42
33 years$1,465$1,011$682$451$293$35
34 years$1,406$958$637$415$266$29
35 years$1,351$909$596$382$241$25
36 years$1,299$863$557$352$218$21
37 years$1,250$819$521$324$198$17
38 years$1,204$779$488$299$179$14
39 years$1,160$741$457$275$162$12
40 years$1,118$705$429$254$147$10
41 years$1,079$671$402$234$134$8
42 years$1,041$639$377$216$121$7
43 years$1,006$609$354$200$110$6
44 years$972$580$332$184$100$5
45 years$940$553$312$170$91$4
46 years$909$528$293$157$82$3
47 years$879$504$275$145$75$3
48 years$851$481$259$134$68$2
49 years$824$459$243$124$62$2
50 years$799$439$229$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $818,000, adding $5,365 every year, while hoping to spend $31,168 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: 58/20/22 Blend
53$818,000$818,000$818,000$818,000
54$906,970$863,616$850,937$953,941
55$966,318$872,771$846,281$995,690
56$1,030,676$881,329$840,424$1,037,368
57$1,100,520$889,230$833,294$1,082,128
58$1,176,377$896,406$824,813$1,130,275
59$1,258,825$902,787$814,902$1,182,145
60$1,348,500$908,299$803,476$1,238,110
61$1,446,102$912,860$790,447$1,298,581
62$1,552,401$916,387$775,724$1,364,012
63$1,668,244$918,789$759,209$1,434,903
64$1,794,565$919,969$740,803$1,511,807
65$1,932,390$919,827$720,399$1,595,335
66$2,082,848$918,253$697,887$1,686,162
67$2,247,184$915,133$673,151$1,785,032
68$2,426,767$910,344$646,071$1,892,768
69$2,623,103$903,757$616,521$2,010,277
70$2,837,853$895,235$584,368$2,138,561
71$3,072,845$884,632$549,475$2,278,727
72$3,330,089$871,793$511,697$2,431,995
73$3,611,803$856,556$470,883$2,599,714
74$3,920,426$838,746$426,877$2,783,370
75$4,258,646$818,180$379,513$2,984,607
76$4,629,421$794,665$328,620$3,205,235
77$5,036,012$767,993$274,019$3,447,254
78$5,482,008$737,948$215,522$3,712,871
79$5,971,364$704,299$152,933$4,004,520
80$6,508,436$666,802$86,049$4,324,888
81$7,098,021$625,199$14,656$4,676,940
82$7,745,403$579,219$0$5,063,944
83$8,456,406$528,572$0$5,503,954
84$9,237,441$472,953$0$5,991,116
85$10,095,574$412,042$0$6,526,433
86$11,038,587$345,497$0$7,114,808
87$12,075,056$272,959$0$7,761,647
88$13,214,427$194,049$0$8,472,906
89$14,467,106$108,365$0$9,255,153
90$15,844,560$15,485$0$10,115,627
91$17,359,421$0$0$11,062,308
92$19,025,608$0$0$12,122,709
93$20,858,455$0$0$13,293,004
94$22,874,858$0$0$14,580,583
95$25,093,432$0$0$15,997,344
96$27,534,689$0$0$17,556,394
97$30,221,228$0$0$19,272,178
98$33,177,952$0$0$21,160,611
99$36,432,298$0$0$23,239,228
100$40,014,497$0$0$25,527,352