Can I retire at age 54 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$65,237$64,656$64,089$63,536$62,996$60,544
2 years$32,296$31,694$31,111$30,546$29,998$27,558
3 years$21,317$20,713$20,131$19,571$19,032$16,680
4 years$15,828$15,226$14,650$14,100$13,574$11,327
5 years$12,536$11,937$11,369$10,830$10,319$8,184
6 years$10,342$9,748$9,188$8,661$8,165$6,143
7 years$8,775$8,186$7,635$7,121$6,640$4,731
8 years$7,601$7,017$6,475$5,973$5,509$3,710
9 years$6,688$6,110$5,577$5,088$4,639$2,949
10 years$5,958$5,385$4,862$4,386$3,953$2,367
11 years$5,361$4,794$4,281$3,817$3,399$1,915
12 years$4,864$4,303$3,799$3,348$2,946$1,559
13 years$4,444$3,889$3,394$2,956$2,569$1,275
14 years$4,084$3,535$3,050$2,624$2,252$1,047
15 years$3,772$3,229$2,753$2,340$1,983$862
16 years$3,500$2,963$2,496$2,095$1,752$712
17 years$3,260$2,728$2,272$1,883$1,554$589
18 years$3,047$2,521$2,074$1,697$1,382$488
19 years$2,856$2,337$1,898$1,533$1,231$405
20 years$2,685$2,171$1,742$1,388$1,100$336
21 years$2,530$2,022$1,603$1,260$984$280
22 years$2,390$1,888$1,477$1,146$882$233
23 years$2,262$1,766$1,364$1,043$792$194
24 years$2,144$1,654$1,261$952$712$161
25 years$2,037$1,553$1,168$869$641$135
26 years$1,938$1,459$1,083$795$577$112
27 years$1,846$1,373$1,006$727$520$94
28 years$1,761$1,294$935$666$469$78
29 years$1,682$1,221$870$611$424$65
30 years$1,608$1,153$811$561$383$54
31 years$1,539$1,090$756$515$346$45
32 years$1,475$1,031$705$473$313$38
33 years$1,415$977$658$435$283$32
34 years$1,358$926$615$401$257$26
35 years$1,305$878$575$369$232$22
36 years$1,255$833$538$340$211$18
37 years$1,207$791$504$313$191$15
38 years$1,163$752$472$288$173$13
39 years$1,120$715$442$266$157$11
40 years$1,080$680$414$245$142$9
41 years$1,042$648$388$226$129$7
42 years$1,006$617$364$209$117$6
43 years$971$588$342$193$106$5
44 years$939$560$321$178$97$4
45 years$907$534$301$164$88$4
46 years$878$510$283$152$80$3
47 years$849$486$266$140$72$3
48 years$822$464$250$130$66$2
49 years$796$443$235$120$60$2
50 years$771$424$221$111$54$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $790,000, adding $6,159 every year, while hoping to spend $41,445 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: 58/29/13 Blend
53$790,000$790,000$790,000$790,000
54$876,933$835,063$822,818$924,591
55$922,283$831,884$806,285$954,310
56$970,870$827,160$787,810$981,553
57$1,022,979$820,772$767,282$1,010,269
58$1,078,926$812,593$744,589$1,040,606
59$1,139,055$802,488$719,611$1,072,727
60$1,203,745$790,316$692,224$1,106,814
61$1,273,411$775,926$662,298$1,143,069
62$1,348,509$759,157$629,696$1,181,718
63$1,429,542$739,840$594,275$1,223,010
64$1,517,060$717,797$555,888$1,267,223
65$1,611,669$692,838$514,379$1,314,665
66$1,714,033$664,761$469,585$1,365,680
67$1,824,885$633,354$421,336$1,420,648
68$1,945,028$598,394$369,456$1,479,989
69$2,075,347$559,641$313,759$1,544,174
70$2,216,815$516,846$254,052$1,613,720
71$2,370,500$469,741$190,133$1,689,204
72$2,537,579$418,047$121,791$1,771,263
73$2,719,348$361,466$48,806$1,860,607
74$2,917,229$299,686$0$1,958,019
75$3,132,789$232,374$0$2,068,401
76$3,367,755$159,181$0$2,196,169
77$3,624,022$79,737$0$2,335,646
78$3,903,680$0$0$2,488,049
79$4,209,029$0$0$2,656,748
80$4,542,600$0$0$2,868,897
81$4,907,178$0$0$3,100,833
82$5,305,832$0$0$3,354,514
83$5,741,940$0$0$3,632,099
84$6,219,221$0$0$3,935,963
85$6,741,770$0$0$4,268,723
86$7,314,096$0$0$4,633,261
87$7,941,167$0$0$5,032,748
88$8,628,452$0$0$5,470,681
89$9,381,974$0$0$5,950,907
90$10,208,368$0$0$6,477,667
91$11,114,942$0$0$7,055,628
92$12,109,744$0$0$7,689,935
93$13,201,639$0$0$8,386,252
94$14,400,394$0$0$9,150,819
95$15,716,766$0$0$9,990,511
96$17,162,605$0$0$10,912,901
97$18,750,965$0$0$11,926,329
98$20,496,228$0$0$13,039,988
99$22,414,237$0$0$14,264,000
100$24,522,446$0$0$15,609,521