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%15.3%
1 years$67,715$67,112$66,523$65,949$65,388$63,963
2 years$33,522$32,898$32,293$31,706$31,137$29,709
3 years$22,126$21,499$20,896$20,314$19,755$18,368
4 years$16,429$15,804$15,207$14,635$14,089$12,754
5 years$13,012$12,391$11,801$11,241$10,710$9,431
6 years$10,735$10,118$9,537$8,990$8,475$7,252
7 years$9,108$8,497$7,925$7,391$6,892$5,726
8 years$7,889$7,283$6,721$6,200$5,718$4,609
9 years$6,942$6,342$5,789$5,281$4,815$3,762
10 years$6,184$5,590$5,047$4,552$4,103$3,104
11 years$5,565$4,976$4,443$3,962$3,529$2,584
12 years$5,049$4,466$3,943$3,475$3,058$2,165
13 years$4,613$4,036$3,523$3,068$2,666$1,824
14 years$4,239$3,669$3,165$2,723$2,337$1,544
15 years$3,916$3,352$2,858$2,429$2,058$1,312
16 years$3,633$3,075$2,591$2,175$1,819$1,118
17 years$3,384$2,832$2,358$1,954$1,613$955
18 years$3,162$2,617$2,152$1,761$1,434$818
19 years$2,965$2,425$1,970$1,591$1,278$701
20 years$2,787$2,254$1,808$1,441$1,142$603
21 years$2,626$2,099$1,663$1,308$1,022$518
22 years$2,480$1,960$1,533$1,189$916$446
23 years$2,348$1,833$1,416$1,083$822$385
24 years$2,226$1,717$1,309$988$739$332
25 years$2,114$1,611$1,212$902$665$287
26 years$2,011$1,515$1,125$825$599$248
27 years$1,916$1,425$1,044$755$540$214
28 years$1,828$1,343$971$692$487$185
29 years$1,746$1,267$903$634$440$160
30 years$1,669$1,197$841$582$398$139
31 years$1,598$1,131$784$535$359$120
32 years$1,531$1,070$732$491$325$104
33 years$1,468$1,014$683$452$294$90
34 years$1,410$961$639$416$266$78
35 years$1,354$911$597$383$241$68
36 years$1,302$865$558$352$219$59
37 years$1,253$821$523$325$198$51
38 years$1,207$781$489$299$180$44
39 years$1,163$742$459$276$163$38
40 years$1,121$706$430$255$148$33
41 years$1,082$672$403$235$134$29
42 years$1,044$640$378$217$122$25
43 years$1,008$610$355$200$110$22
44 years$974$581$333$185$100$19
45 years$942$555$313$171$91$16
46 years$911$529$294$158$83$14
47 years$882$505$276$146$75$12
48 years$853$482$259$135$68$11
49 years$826$460$244$124$62$9
50 years$801$440$229$115$56$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $820,000, adding $3,129 every year, while hoping to spend $49,865 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: 55/38/7 Blend
53$820,000$820,000$820,000$820,000
54$906,868$863,408$850,698$955,119
55$946,312$852,659$826,140$977,302
56$988,109$839,712$799,088$995,646
57$1,032,445$824,406$769,407$1,014,403
58$1,079,525$806,573$736,952$1,033,618
59$1,129,573$786,031$701,577$1,053,346
60$1,182,833$762,591$663,124$1,073,648
61$1,239,575$736,051$621,432$1,094,594
62$1,300,092$706,197$576,329$1,116,265
63$1,364,704$672,804$527,640$1,138,753
64$1,433,765$635,633$475,177$1,162,163
65$1,507,661$594,431$418,747$1,186,615
66$1,586,816$548,931$358,148$1,212,245
67$1,671,693$498,851$293,168$1,239,207
68$1,762,804$443,892$223,587$1,267,674
69$1,860,706$383,739$149,174$1,297,844
70$1,966,014$318,059$69,687$1,329,938
71$2,079,403$246,499$0$1,364,207
72$2,201,612$168,687$0$1,402,063
73$2,333,455$84,231$0$1,448,321
74$2,475,825$0$0$1,498,146
75$2,629,704$0$0$1,555,003
76$2,796,171$0$0$1,654,675
77$2,976,413$0$0$1,762,657
78$3,171,732$0$0$1,879,737
79$3,383,564$0$0$2,006,785
80$3,613,484$0$0$2,144,754
81$3,863,227$0$0$2,294,694
82$4,134,700$0$0$2,457,759
83$4,430,003$0$0$2,635,222
84$4,751,444$0$0$2,828,478
85$5,101,564$0$0$3,039,068
86$5,483,158$0$0$3,268,683
87$5,899,304$0$0$3,519,187
88$6,353,388$0$0$3,792,631
89$6,849,138$0$0$4,091,273
90$7,390,657$0$0$4,417,598
91$7,982,462$0$0$4,774,342
92$8,629,527$0$0$5,164,518
93$9,337,328$0$0$5,591,442
94$10,111,893$0$0$6,058,767
95$10,959,863$0$0$6,570,514
96$11,888,546$0$0$7,131,113
97$12,905,995$0$0$7,745,441
98$14,021,075$0$0$8,418,869
99$15,243,551$0$0$9,157,314
100$16,584,179$0$0$9,967,291