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%14.3%
1 years$67,550$66,948$66,361$65,788$65,228$64,069
2 years$33,440$32,818$32,214$31,629$31,061$29,897
3 years$22,072$21,447$20,845$20,265$19,706$18,574
4 years$16,389$15,766$15,170$14,600$14,055$12,962
5 years$12,980$12,360$11,772$11,214$10,684$9,635
6 years$10,708$10,093$9,514$8,968$8,454$7,450
7 years$9,086$8,476$7,906$7,373$6,875$5,916
8 years$7,870$7,266$6,705$6,185$5,704$4,789
9 years$6,925$6,326$5,775$5,268$4,803$3,932
10 years$6,169$5,576$5,035$4,541$4,093$3,265
11 years$5,551$4,964$4,432$3,952$3,520$2,735
12 years$5,036$4,456$3,934$3,467$3,050$2,306
13 years$4,601$4,027$3,514$3,061$2,660$1,956
14 years$4,229$3,660$3,158$2,717$2,332$1,667
15 years$3,906$3,343$2,851$2,423$2,053$1,426
16 years$3,624$3,068$2,585$2,169$1,814$1,224
17 years$3,375$2,825$2,352$1,949$1,609$1,053
18 years$3,155$2,611$2,147$1,757$1,430$908
19 years$2,957$2,419$1,966$1,587$1,275$785
20 years$2,780$2,248$1,804$1,438$1,139$679
21 years$2,620$2,094$1,659$1,305$1,019$589
22 years$2,474$1,955$1,529$1,186$914$511
23 years$2,342$1,828$1,412$1,080$820$444
24 years$2,220$1,713$1,306$985$737$386
25 years$2,109$1,608$1,210$900$663$336
26 years$2,006$1,511$1,122$823$597$293
27 years$1,911$1,422$1,042$753$539$255
28 years$1,823$1,340$968$690$486$222
29 years$1,741$1,264$901$633$439$194
30 years$1,665$1,194$839$581$397$169
31 years$1,594$1,128$783$533$359$148
32 years$1,527$1,068$730$490$324$129
33 years$1,465$1,011$682$451$293$113
34 years$1,406$958$637$415$266$98
35 years$1,351$909$596$382$241$86
36 years$1,299$863$557$352$218$75
37 years$1,250$819$521$324$198$66
38 years$1,204$779$488$299$179$57
39 years$1,160$741$457$275$162$50
40 years$1,118$705$429$254$147$44
41 years$1,079$671$402$234$134$38
42 years$1,041$639$377$216$121$34
43 years$1,006$609$354$200$110$29
44 years$972$580$332$184$100$26
45 years$940$553$312$170$91$22
46 years$909$528$293$157$82$20
47 years$879$504$275$145$75$17
48 years$851$481$259$134$68$15
49 years$824$459$243$124$62$13
50 years$799$439$229$115$56$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $818,000, adding $6,274 every year, while hoping to spend $43,408 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: 41/29/30 Blend
53$818,000$818,000$818,000$818,000
54$907,908$864,554$851,875$936,913
55$954,328$860,731$834,227$954,732
56$1,004,029$855,266$814,533$969,515
57$1,057,299$848,033$792,678$984,706
58$1,114,454$838,897$768,544$1,000,370
59$1,175,843$827,717$742,004$1,016,582
60$1,241,846$814,342$712,928$1,033,429
61$1,312,882$798,613$681,179$1,051,008
62$1,389,412$780,361$646,614$1,069,432
63$1,471,940$759,407$609,084$1,088,829
64$1,561,021$735,561$568,432$1,109,343
65$1,657,266$708,624$524,495$1,131,138
66$1,761,343$678,383$477,102$1,154,399
67$1,873,990$644,614$426,075$1,179,337
68$1,996,017$607,080$371,228$1,206,186
69$2,128,312$565,528$312,366$1,235,214
70$2,271,856$519,695$249,286$1,266,718
71$2,427,725$469,300$181,777$1,301,033
72$2,597,103$414,045$109,616$1,338,537
73$2,781,292$353,619$32,573$1,379,651
74$2,981,726$287,688$0$1,424,847
75$3,199,982$215,905$0$1,490,544
76$3,437,795$137,899$0$1,573,603
77$3,697,074$53,280$0$1,664,328
78$3,979,922$0$0$1,763,543
79$4,288,651$0$0$1,884,402
80$4,625,807$0$0$2,035,058
81$4,994,195$0$0$2,199,771
82$5,396,900$0$0$2,379,935
83$5,837,319$0$0$2,577,082
84$6,319,194$0$0$2,792,903
85$6,846,644$0$0$3,029,255
86$7,424,206$0$0$3,288,186
87$8,056,873$0$0$3,571,952
88$8,750,147$0$0$3,883,036
89$9,510,087$0$0$4,224,173
90$10,343,365$0$0$4,598,375
91$11,257,329$0$0$5,008,961
92$12,260,074$0$0$5,459,585
93$13,360,516$0$0$5,954,275
94$14,568,476$0$0$6,497,463
95$15,894,770$0$0$7,094,036
96$17,351,317$0$0$7,749,376
97$18,951,242$0$0$8,469,410
98$20,709,008$0$0$9,260,669
99$22,640,545$0$0$10,130,350
100$24,763,404$0$0$11,086,379