Can I retire at age 54 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$67,715$67,112$66,523$65,949$65,388$64,624
2 years$33,522$32,898$32,293$31,706$31,137$30,369
3 years$22,126$21,499$20,896$20,314$19,755$19,005
4 years$16,429$15,804$15,207$14,635$14,089$13,364
5 years$13,012$12,391$11,801$11,241$10,710$10,012
6 years$10,735$10,118$9,537$8,990$8,475$7,804
7 years$9,108$8,497$7,925$7,391$6,892$6,250
8 years$7,889$7,283$6,721$6,200$5,718$5,103
9 years$6,942$6,342$5,789$5,281$4,815$4,228
10 years$6,184$5,590$5,047$4,552$4,103$3,543
11 years$5,565$4,976$4,443$3,962$3,529$2,995
12 years$5,049$4,466$3,943$3,475$3,058$2,550
13 years$4,613$4,036$3,523$3,068$2,666$2,185
14 years$4,239$3,669$3,165$2,723$2,337$1,880
15 years$3,916$3,352$2,858$2,429$2,058$1,625
16 years$3,633$3,075$2,591$2,175$1,819$1,409
17 years$3,384$2,832$2,358$1,954$1,613$1,226
18 years$3,162$2,617$2,152$1,761$1,434$1,069
19 years$2,965$2,425$1,970$1,591$1,278$934
20 years$2,787$2,254$1,808$1,441$1,142$817
21 years$2,626$2,099$1,663$1,308$1,022$716
22 years$2,480$1,960$1,533$1,189$916$629
23 years$2,348$1,833$1,416$1,083$822$553
24 years$2,226$1,717$1,309$988$739$486
25 years$2,114$1,611$1,212$902$665$428
26 years$2,011$1,515$1,125$825$599$378
27 years$1,916$1,425$1,044$755$540$333
28 years$1,828$1,343$971$692$487$294
29 years$1,746$1,267$903$634$440$259
30 years$1,669$1,197$841$582$398$229
31 years$1,598$1,131$784$535$359$203
32 years$1,531$1,070$732$491$325$179
33 years$1,468$1,014$683$452$294$158
34 years$1,410$961$639$416$266$140
35 years$1,354$911$597$383$241$124
36 years$1,302$865$558$352$219$110
37 years$1,253$821$523$325$198$97
38 years$1,207$781$489$299$180$86
39 years$1,163$742$459$276$163$76
40 years$1,121$706$430$255$148$67
41 years$1,082$672$403$235$134$60
42 years$1,044$640$378$217$122$53
43 years$1,008$610$355$200$110$47
44 years$974$581$333$185$100$42
45 years$942$555$313$171$91$37
46 years$911$529$294$158$83$33
47 years$882$505$276$146$75$29
48 years$853$482$259$135$68$26
49 years$826$460$244$124$62$23
50 years$801$440$229$115$56$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $820,000, adding $5,974 every year, while hoping to spend $58,278 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: 58/37/5 Blend
53$820,000$820,000$820,000$820,000
54$909,802$866,342$853,632$961,387
55$940,595$846,786$820,222$977,135
56$972,575$824,318$783,738$987,124
57$1,005,802$798,734$744,018$996,538
58$1,040,340$769,818$700,889$1,005,326
59$1,076,258$737,342$654,172$1,013,433
60$1,113,628$701,063$603,678$1,020,803
61$1,152,528$660,726$549,212$1,027,376
62$1,193,044$616,060$490,569$1,033,091
63$1,235,266$566,778$427,534$1,037,884
64$1,279,291$512,578$359,884$1,041,688
65$1,325,224$453,140$287,386$1,044,435
66$1,373,179$388,126$209,796$1,046,053
67$1,423,279$317,179$126,859$1,046,469
68$1,475,654$239,922$38,310$1,045,607
69$1,530,449$155,956$0$1,043,391
70$1,587,817$64,860$0$1,042,738
71$1,647,927$0$0$1,042,946
72$1,710,959$0$0$1,055,669
73$1,777,112$0$0$1,096,757
74$1,846,599$0$0$1,139,938
75$1,919,653$0$0$1,185,361
76$1,996,526$0$0$1,233,184
77$2,077,494$0$0$1,283,584
78$2,162,856$0$0$1,336,749
79$2,252,939$0$0$1,392,888
80$2,348,098$0$0$1,452,227
81$2,448,723$0$0$1,515,012
82$2,555,237$0$0$1,581,513
83$2,668,103$0$0$1,652,024
84$2,787,826$0$0$1,726,867
85$2,914,960$0$0$1,806,393
86$3,050,109$0$0$1,890,988
87$3,193,935$0$0$1,981,072
88$3,347,161$0$0$2,077,107
89$3,510,581$0$0$2,179,597
90$3,685,063$0$0$2,289,096
91$3,871,559$0$0$2,406,209
92$4,071,112$0$0$2,531,603
93$4,284,866$0$0$2,666,006
94$4,514,075$0$0$2,810,217
95$4,760,117$0$0$2,965,114
96$5,024,502$0$0$3,131,662
97$5,308,887$0$0$3,310,916
98$5,615,095$0$0$3,504,039
99$5,945,124$0$0$3,712,305
100$6,301,170$0$0$3,937,117