Can I retire at age 54 with 819,000?

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 $819,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$67,632$67,030$66,442$65,868$65,308$63,807
2 years$33,481$32,858$32,253$31,667$31,099$29,595
3 years$22,099$21,473$20,870$20,290$19,731$18,271
4 years$16,409$15,785$15,188$14,618$14,072$12,667
5 years$12,996$12,376$11,787$11,228$10,697$9,352
6 years$10,721$10,106$9,525$8,979$8,464$7,180
7 years$9,097$8,487$7,916$7,382$6,884$5,660
8 years$7,880$7,275$6,713$6,193$5,711$4,547
9 years$6,933$6,334$5,782$5,275$4,809$3,705
10 years$6,177$5,583$5,041$4,547$4,098$3,052
11 years$5,558$4,970$4,438$3,957$3,524$2,535
12 years$5,043$4,461$3,938$3,471$3,054$2,120
13 years$4,607$4,031$3,519$3,064$2,663$1,783
14 years$4,234$3,664$3,162$2,720$2,335$1,506
15 years$3,911$3,348$2,855$2,426$2,055$1,277
16 years$3,628$3,071$2,588$2,172$1,817$1,085
17 years$3,380$2,829$2,355$1,952$1,611$925
18 years$3,159$2,614$2,150$1,759$1,432$791
19 years$2,961$2,422$1,968$1,589$1,277$677
20 years$2,784$2,251$1,806$1,439$1,140$580
21 years$2,623$2,097$1,661$1,306$1,020$498
22 years$2,477$1,957$1,531$1,188$915$428
23 years$2,345$1,831$1,414$1,082$821$368
24 years$2,223$1,715$1,308$987$738$317
25 years$2,112$1,610$1,211$901$664$273
26 years$2,009$1,513$1,123$824$598$235
27 years$1,914$1,424$1,043$754$539$203
28 years$1,825$1,341$970$691$487$175
29 years$1,743$1,266$902$634$439$151
30 years$1,667$1,195$840$581$397$130
31 years$1,596$1,130$783$534$359$113
32 years$1,529$1,069$731$491$325$97
33 years$1,467$1,012$683$451$294$84
34 years$1,408$960$638$415$266$73
35 years$1,353$910$596$382$241$63
36 years$1,301$864$558$352$218$54
37 years$1,252$820$522$324$198$47
38 years$1,205$780$489$299$179$40
39 years$1,161$741$458$276$163$35
40 years$1,120$705$429$254$148$30
41 years$1,080$671$403$235$134$26
42 years$1,043$639$378$216$121$23
43 years$1,007$609$354$200$110$20
44 years$973$581$333$185$100$17
45 years$941$554$312$170$91$15
46 years$910$528$293$157$82$13
47 years$880$504$276$145$75$11
48 years$852$481$259$134$68$9
49 years$825$460$243$124$62$8
50 years$800$439$229$115$56$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $819,000, adding $2,162 every year, while hoping to spend $51,964 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: 37/49/14 Blend
53$819,000$819,000$819,000$819,000
54$904,768$861,361$848,667$934,304
55$941,765$848,279$821,808$942,600
56$980,794$832,813$792,307$946,411
57$1,022,008$814,794$760,022$949,402
58$1,065,572$794,038$724,803$951,523
59$1,111,669$770,354$686,492$952,729
60$1,160,495$743,538$644,925$952,970
61$1,212,269$713,374$599,933$952,201
62$1,267,225$679,634$551,336$950,374
63$1,325,623$642,077$498,947$947,444
64$1,387,746$600,448$442,570$943,367
65$1,453,902$554,477$382,003$938,102
66$1,524,432$503,878$317,032$931,608
67$1,599,706$448,350$247,434$923,851
68$1,680,131$387,574$172,979$914,799
69$1,766,153$321,214$93,422$904,426
70$1,858,261$248,913$8,512$892,712
71$1,956,990$170,297$0$879,644
72$2,062,930$84,968$0$877,483
73$2,176,724$0$0$876,125
74$2,299,082$0$0$878,398
75$2,430,780$0$0$930,237
76$2,572,674$0$0$986,175
77$2,725,700$0$0$1,046,592
78$2,890,889$0$0$1,111,905
79$3,069,373$0$0$1,182,575
80$3,262,397$0$0$1,259,107
81$3,471,327$0$0$1,342,057
82$3,697,667$0$0$1,432,034
83$3,943,070$0$0$1,529,712
84$4,209,354$0$0$1,635,828
85$4,498,518$0$0$1,751,197
86$4,812,760$0$0$1,876,710
87$5,154,501$0$0$2,013,354
88$5,526,400$0$0$2,162,209
89$5,931,386$0$0$2,324,468
90$6,372,681$0$0$2,501,441
91$6,853,832$0$0$2,694,571
92$7,378,741$0$0$2,905,447
93$7,951,705$0$0$3,135,818
94$8,577,450$0$0$3,387,607
95$9,261,185$0$0$3,662,935
96$10,008,638$0$0$3,964,136
97$10,826,120$0$0$4,293,777
98$11,720,578$0$0$4,654,689
99$12,699,662$0$0$5,049,986
100$13,771,795$0$0$5,483,100