Can I retire at age 54 with 819,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.8%
1 years$67,632$67,030$66,442$65,868$65,308$63,755
2 years$33,481$32,858$32,253$31,667$31,099$29,544
3 years$22,099$21,473$20,870$20,290$19,731$18,221
4 years$16,409$15,785$15,188$14,618$14,072$12,620
5 years$12,996$12,376$11,787$11,228$10,697$9,307
6 years$10,721$10,106$9,525$8,979$8,464$7,138
7 years$9,097$8,487$7,916$7,382$6,884$5,620
8 years$7,880$7,275$6,713$6,193$5,711$4,510
9 years$6,933$6,334$5,782$5,275$4,809$3,671
10 years$6,177$5,583$5,041$4,547$4,098$3,020
11 years$5,558$4,970$4,438$3,957$3,524$2,505
12 years$5,043$4,461$3,938$3,471$3,054$2,092
13 years$4,607$4,031$3,519$3,064$2,663$1,757
14 years$4,234$3,664$3,162$2,720$2,335$1,482
15 years$3,911$3,348$2,855$2,426$2,055$1,255
16 years$3,628$3,071$2,588$2,172$1,817$1,065
17 years$3,380$2,829$2,355$1,952$1,611$907
18 years$3,159$2,614$2,150$1,759$1,432$774
19 years$2,961$2,422$1,968$1,589$1,277$661
20 years$2,784$2,251$1,806$1,439$1,140$566
21 years$2,623$2,097$1,661$1,306$1,020$485
22 years$2,477$1,957$1,531$1,188$915$416
23 years$2,345$1,831$1,414$1,082$821$357
24 years$2,223$1,715$1,308$987$738$307
25 years$2,112$1,610$1,211$901$664$264
26 years$2,009$1,513$1,123$824$598$227
27 years$1,914$1,424$1,043$754$539$196
28 years$1,825$1,341$970$691$487$168
29 years$1,743$1,266$902$634$439$145
30 years$1,667$1,195$840$581$397$125
31 years$1,596$1,130$783$534$359$108
32 years$1,529$1,069$731$491$325$93
33 years$1,467$1,012$683$451$294$80
34 years$1,408$960$638$415$266$69
35 years$1,353$910$596$382$241$60
36 years$1,301$864$558$352$218$52
37 years$1,252$820$522$324$198$44
38 years$1,205$780$489$299$179$38
39 years$1,161$741$458$276$163$33
40 years$1,120$705$429$254$148$29
41 years$1,080$671$403$235$134$25
42 years$1,043$639$378$216$121$21
43 years$1,007$609$354$200$110$18
44 years$973$581$333$185$100$16
45 years$941$554$312$170$91$14
46 years$910$528$293$157$82$12
47 years$880$504$276$145$75$10
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 $4,776 every year, while hoping to spend $36,903 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: 31/48/21 Blend
53$819,000$819,000$819,000$819,000
54$907,464$864,057$851,363$929,547
55$960,761$867,132$840,619$949,718
56$1,018,258$869,120$828,278$967,760
57$1,080,343$869,930$814,249$986,412
58$1,147,445$869,463$798,433$1,005,749
59$1,220,033$867,616$780,730$1,025,859
60$1,298,626$864,279$761,034$1,046,840
61$1,383,791$859,333$739,233$1,068,802
62$1,476,153$852,656$715,213$1,091,872
63$1,576,399$844,114$688,851$1,116,191
64$1,685,285$833,569$660,021$1,141,921
65$1,803,642$820,872$628,590$1,169,241
66$1,932,385$805,867$594,419$1,198,355
67$2,072,521$788,386$557,364$1,229,492
68$2,225,155$768,255$517,273$1,262,909
69$2,391,508$745,286$473,988$1,298,894
70$2,572,919$719,282$427,344$1,337,769
71$2,770,864$690,035$377,168$1,379,897
72$2,986,968$657,322$323,279$1,425,682
73$3,223,020$620,912$265,490$1,475,577
74$3,480,987$580,556$203,603$1,530,086
75$3,763,037$535,993$137,413$1,589,775
76$4,071,557$486,946$66,706$1,655,272
77$4,409,173$433,124$0$1,727,281
78$4,778,779$374,217$0$1,808,544
79$5,183,561$309,900$0$1,914,049
80$5,627,027$239,828$0$2,029,860
81$6,113,041$163,637$0$2,157,113
82$6,645,858$80,942$0$2,297,066
83$7,230,165$0$0$2,451,117
84$7,871,124$0$0$2,625,388
85$8,574,421$0$0$2,863,647
86$9,346,317$0$0$3,125,277
87$10,193,713$0$0$3,412,634
88$11,124,205$0$0$3,728,313
89$12,146,167$0$0$4,075,169
90$13,268,817$0$0$4,456,351
91$14,502,317$0$0$4,875,328
92$15,857,855$0$0$5,335,920
93$17,347,762$0$0$5,842,337
94$18,985,621$0$0$6,399,216
95$20,786,395$0$0$7,011,667
96$22,766,571$0$0$7,685,319
97$24,944,315$0$0$8,426,376
98$27,339,638$0$0$9,241,671
99$29,974,591$0$0$10,138,733
100$32,873,467$0$0$11,125,860