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%15%
1 years$67,550$66,948$66,361$65,788$65,228$63,885
2 years$33,440$32,818$32,214$31,629$31,061$29,714
3 years$22,072$21,447$20,845$20,265$19,706$18,398
4 years$16,389$15,766$15,170$14,600$14,055$12,794
5 years$12,980$12,360$11,772$11,214$10,684$9,475
6 years$10,708$10,093$9,514$8,968$8,454$7,298
7 years$9,086$8,476$7,906$7,373$6,875$5,773
8 years$7,870$7,266$6,705$6,185$5,704$4,654
9 years$6,925$6,326$5,775$5,268$4,803$3,806
10 years$6,169$5,576$5,035$4,541$4,093$3,146
11 years$5,551$4,964$4,432$3,952$3,520$2,624
12 years$5,036$4,456$3,934$3,467$3,050$2,203
13 years$4,601$4,027$3,514$3,061$2,660$1,860
14 years$4,229$3,660$3,158$2,717$2,332$1,577
15 years$3,906$3,343$2,851$2,423$2,053$1,343
16 years$3,624$3,068$2,585$2,169$1,814$1,147
17 years$3,375$2,825$2,352$1,949$1,609$982
18 years$3,155$2,611$2,147$1,757$1,430$842
19 years$2,957$2,419$1,966$1,587$1,275$724
20 years$2,780$2,248$1,804$1,438$1,139$624
21 years$2,620$2,094$1,659$1,305$1,019$538
22 years$2,474$1,955$1,529$1,186$914$464
23 years$2,342$1,828$1,412$1,080$820$401
24 years$2,220$1,713$1,306$985$737$347
25 years$2,109$1,608$1,210$900$663$300
26 years$2,006$1,511$1,122$823$597$260
27 years$1,911$1,422$1,042$753$539$225
28 years$1,823$1,340$968$690$486$195
29 years$1,741$1,264$901$633$439$169
30 years$1,665$1,194$839$581$397$147
31 years$1,594$1,128$783$533$359$128
32 years$1,527$1,068$730$490$324$111
33 years$1,465$1,011$682$451$293$96
34 years$1,406$958$637$415$266$83
35 years$1,351$909$596$382$241$73
36 years$1,299$863$557$352$218$63
37 years$1,250$819$521$324$198$55
38 years$1,204$779$488$299$179$48
39 years$1,160$741$457$275$162$41
40 years$1,118$705$429$254$147$36
41 years$1,079$671$402$234$134$31
42 years$1,041$639$377$216$121$27
43 years$1,006$609$354$200$110$24
44 years$972$580$332$184$100$20
45 years$940$553$312$170$91$18
46 years$909$528$293$157$82$15
47 years$879$504$275$145$75$13
48 years$851$481$259$134$68$12
49 years$824$459$243$124$62$10
50 years$799$439$229$115$56$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $818,000, adding $2,973 every year, while hoping to spend $31,472 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: 64/21/15 Blend
53$818,000$818,000$818,000$818,000
54$904,503$861,149$848,470$958,917
55$963,276$869,859$843,407$1,004,449
56$1,026,989$877,941$837,121$1,050,275
57$1,096,113$885,332$829,536$1,099,567
58$1,171,166$891,962$820,574$1,152,662
59$1,252,716$897,759$810,154$1,209,932
60$1,341,390$902,646$798,192$1,271,791
61$1,437,877$906,541$784,596$1,338,691
62$1,542,936$909,357$769,275$1,411,134
63$1,657,399$910,999$752,130$1,489,672
64$1,782,186$911,371$733,059$1,574,917
65$1,918,307$910,366$711,954$1,667,539
66$2,066,874$907,874$688,704$1,768,283
67$2,229,112$903,775$663,192$1,877,967
68$2,406,367$897,946$635,295$1,997,496
69$2,600,123$890,252$604,884$2,127,867
70$2,812,014$880,553$571,826$2,270,179
71$3,043,839$868,699$535,981$2,425,648
72$3,297,577$854,532$497,203$2,595,611
73$3,575,409$837,884$455,339$2,781,547
74$3,879,736$818,576$410,229$2,985,085
75$4,213,204$796,421$361,706$3,208,024
76$4,578,724$771,218$309,596$3,452,346
77$4,979,504$742,758$253,717$3,720,239
78$5,419,076$710,816$193,880$4,014,116
79$5,901,333$675,157$129,886$4,336,639
80$6,430,559$635,529$61,527$4,690,743
81$7,011,475$591,670$0$5,079,668
82$7,649,283$543,299$0$5,508,812
83$8,349,710$490,121$0$5,990,913
84$9,119,067$431,824$0$6,520,496
85$9,964,306$368,077$0$7,102,390
86$10,893,084$298,532$0$7,741,919
87$11,913,839$222,820$0$8,444,953
88$13,035,865$140,553$0$9,217,962
89$14,269,403$51,319$0$10,068,075
90$15,625,734$0$0$11,003,155
91$17,117,287$0$0$12,042,338
92$18,757,757$0$0$13,198,380
93$20,562,232$0$0$14,470,061
94$22,547,335$0$0$15,869,104
95$24,731,384$0$0$17,408,428
96$27,134,559$0$0$19,102,264
97$29,779,095$0$0$20,966,294
98$32,689,494$0$0$23,017,796
99$35,892,750$0$0$25,275,809
100$39,418,610$0$0$27,761,311