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%13%
1 years$67,632$67,030$66,442$65,868$65,308$64,492
2 years$33,481$32,858$32,253$31,667$31,099$30,278
3 years$22,099$21,473$20,870$20,290$19,731$18,930
4 years$16,409$15,785$15,188$14,618$14,072$13,298
5 years$12,996$12,376$11,787$11,228$10,697$9,952
6 years$10,721$10,106$9,525$8,979$8,464$7,749
7 years$9,097$8,487$7,916$7,382$6,884$6,198
8 years$7,880$7,275$6,713$6,193$5,711$5,055
9 years$6,933$6,334$5,782$5,275$4,809$4,184
10 years$6,177$5,583$5,041$4,547$4,098$3,501
11 years$5,558$4,970$4,438$3,957$3,524$2,956
12 years$5,043$4,461$3,938$3,471$3,054$2,514
13 years$4,607$4,031$3,519$3,064$2,663$2,151
14 years$4,234$3,664$3,162$2,720$2,335$1,849
15 years$3,911$3,348$2,855$2,426$2,055$1,596
16 years$3,628$3,071$2,588$2,172$1,817$1,382
17 years$3,380$2,829$2,355$1,952$1,611$1,200
18 years$3,159$2,614$2,150$1,759$1,432$1,045
19 years$2,961$2,422$1,968$1,589$1,277$912
20 years$2,784$2,251$1,806$1,439$1,140$797
21 years$2,623$2,097$1,661$1,306$1,020$697
22 years$2,477$1,957$1,531$1,188$915$611
23 years$2,345$1,831$1,414$1,082$821$537
24 years$2,223$1,715$1,308$987$738$471
25 years$2,112$1,610$1,211$901$664$414
26 years$2,009$1,513$1,123$824$598$365
27 years$1,914$1,424$1,043$754$539$321
28 years$1,825$1,341$970$691$487$283
29 years$1,743$1,266$902$634$439$249
30 years$1,667$1,195$840$581$397$220
31 years$1,596$1,130$783$534$359$194
32 years$1,529$1,069$731$491$325$171
33 years$1,467$1,012$683$451$294$151
34 years$1,408$960$638$415$266$134
35 years$1,353$910$596$382$241$118
36 years$1,301$864$558$352$218$104
37 years$1,252$820$522$324$198$92
38 years$1,205$780$489$299$179$81
39 years$1,161$741$458$276$163$72
40 years$1,120$705$429$254$148$64
41 years$1,080$671$403$235$134$56
42 years$1,043$639$378$216$121$50
43 years$1,007$609$354$200$110$44
44 years$973$581$333$185$100$39
45 years$941$554$312$170$91$34
46 years$910$528$293$157$82$30
47 years$880$504$276$145$75$27
48 years$852$481$259$134$68$24
49 years$825$460$243$124$62$21
50 years$800$439$229$115$56$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $819,000, adding $2,562 every year, while hoping to spend $56,600 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: 39/41/20 Blend
53$819,000$819,000$819,000$819,000
54$905,181$861,774$849,079$934,998
55$937,287$843,779$817,301$938,673
56$970,772$823,005$782,562$937,075
57$1,005,715$799,256$744,702$934,184
58$1,042,203$772,326$703,556$929,913
59$1,080,332$741,994$658,949$924,172
60$1,120,202$708,028$610,700$916,869
61$1,161,924$670,182$558,620$907,906
62$1,205,617$628,198$502,510$897,181
63$1,251,409$581,799$442,163$884,589
64$1,299,441$530,695$377,363$870,021
65$1,349,864$474,579$307,885$853,363
66$1,402,844$413,127$233,493$834,498
67$1,458,559$345,996$153,940$813,305
68$1,517,205$272,823$68,970$789,658
69$1,578,994$193,225$0$763,430
70$1,644,157$106,798$0$739,121
71$1,712,946$13,116$0$727,970
72$1,785,635$0$0$715,168
73$1,862,525$0$0$740,463
74$1,943,942$0$0$773,564
75$2,030,245$0$0$808,705
76$2,121,823$0$0$846,052
77$2,219,103$0$0$885,787
78$2,322,553$0$0$928,107
79$2,432,683$0$0$973,232
80$2,550,054$0$0$1,021,398
81$2,675,277$0$0$1,072,868
82$2,809,024$0$0$1,127,927
83$2,952,031$0$0$1,186,889
84$3,105,103$0$0$1,250,099
85$3,269,126$0$0$1,317,934
86$3,445,070$0$0$1,390,808
87$3,633,998$0$0$1,469,177
88$3,837,079$0$0$1,553,539
89$4,055,595$0$0$1,644,442
90$4,290,955$0$0$1,742,490
91$4,544,705$0$0$1,848,344
92$4,818,543$0$0$1,962,731
93$5,114,337$0$0$2,086,449
94$5,434,137$0$0$2,220,378
95$5,780,198$0$0$2,365,482
96$6,154,999$0$0$2,522,824
97$6,561,263$0$0$2,693,570
98$7,001,988$0$0$2,879,005
99$7,480,468$0$0$3,080,542
100$8,000,328$0$0$3,299,733