Can I retire at age 54 with 793,000?

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 $793,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$65,485$64,902$64,333$63,777$63,235$62,942
2 years$32,418$31,815$31,230$30,662$30,112$29,816
3 years$21,398$20,791$20,208$19,646$19,104$18,815
4 years$15,888$15,284$14,706$14,154$13,625$13,345
5 years$12,584$11,983$11,412$10,871$10,358$10,087
6 years$10,381$9,785$9,223$8,694$8,196$7,934
7 years$8,809$8,217$7,664$7,148$6,665$6,414
8 years$7,630$7,044$6,500$5,996$5,530$5,288
9 years$6,713$6,133$5,598$5,107$4,657$4,425
10 years$5,981$5,406$4,881$4,403$3,968$3,746
11 years$5,381$4,812$4,297$3,832$3,412$3,200
12 years$4,883$4,319$3,813$3,361$2,957$2,754
13 years$4,461$3,903$3,407$2,967$2,579$2,385
14 years$4,100$3,548$3,061$2,634$2,260$2,076
15 years$3,787$3,241$2,764$2,349$1,990$1,815
16 years$3,513$2,974$2,506$2,103$1,759$1,592
17 years$3,272$2,739$2,280$1,890$1,560$1,401
18 years$3,058$2,531$2,082$1,703$1,387$1,236
19 years$2,867$2,345$1,906$1,539$1,236$1,094
20 years$2,695$2,180$1,749$1,394$1,104$969
21 years$2,540$2,030$1,609$1,265$988$860
22 years$2,399$1,895$1,483$1,150$886$765
23 years$2,270$1,772$1,369$1,047$795$681
24 years$2,153$1,661$1,266$955$715$607
25 years$2,044$1,558$1,173$872$643$542
26 years$1,945$1,465$1,088$798$579$484
27 years$1,853$1,378$1,010$730$522$433
28 years$1,767$1,299$939$669$471$387
29 years$1,688$1,225$874$613$425$346
30 years$1,614$1,157$814$563$384$310
31 years$1,545$1,094$759$517$348$278
32 years$1,481$1,035$708$475$314$249
33 years$1,420$980$661$437$285$224
34 years$1,363$929$617$402$258$201
35 years$1,310$881$577$370$233$180
36 years$1,259$836$540$341$211$162
37 years$1,212$794$505$314$192$145
38 years$1,167$755$473$289$174$130
39 years$1,124$718$443$267$158$117
40 years$1,084$683$416$246$143$105
41 years$1,046$650$390$227$130$95
42 years$1,010$619$366$210$118$85
43 years$975$590$343$194$107$76
44 years$942$562$322$179$97$69
45 years$911$536$302$165$88$62
46 years$881$512$284$152$80$56
47 years$852$488$267$141$73$50
48 years$825$466$251$130$66$45
49 years$799$445$236$120$60$40
50 years$774$425$222$111$54$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $793,000, adding $2,837 every year, while hoping to spend $41,377 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: 29/42/29 Blend
53$793,000$793,000$793,000$793,000
54$876,812$834,783$822,492$894,338
55$922,222$831,663$806,021$905,350
56$970,878$827,003$787,611$913,412
57$1,023,065$820,684$767,154$921,260
58$1,079,100$812,580$744,536$928,907
59$1,139,329$802,557$719,638$936,368
60$1,204,131$790,472$692,336$943,664
61$1,273,923$776,177$662,501$950,825
62$1,349,164$759,510$629,995$957,885
63$1,430,356$740,304$594,678$964,888
64$1,518,053$718,379$556,400$971,889
65$1,612,861$693,546$515,006$978,950
66$1,715,449$665,606$470,335$986,150
67$1,826,550$634,346$422,216$993,578
68$1,946,972$599,543$370,474$1,001,341
69$2,077,601$560,958$314,923$1,009,563
70$2,219,413$518,342$255,370$1,018,387
71$2,373,482$471,430$191,613$1,027,979
72$2,540,988$419,941$123,444$1,038,531
73$2,723,231$363,579$50,640$1,050,260
74$2,921,638$302,033$0$1,063,419
75$3,137,783$234,970$0$1,086,662
76$3,373,397$162,043$0$1,129,211
77$3,630,383$82,883$0$1,175,824
78$3,910,838$0$0$1,227,000
79$4,217,069$0$0$1,284,633
80$4,551,616$0$0$1,389,562
81$4,917,277$0$0$1,504,371
82$5,317,128$0$0$1,630,042
83$5,754,560$0$0$1,767,656
84$6,233,306$0$0$1,918,405
85$6,757,475$0$0$2,083,600
86$7,331,593$0$0$2,264,684
87$7,960,644$0$0$2,463,248
88$8,650,116$0$0$2,681,044
89$9,406,056$0$0$2,920,001
90$10,235,121$0$0$3,182,245
91$11,144,644$0$0$3,470,117
92$12,142,704$0$0$3,786,195
93$13,238,196$0$0$4,133,320
94$14,440,922$0$0$4,514,620
95$15,761,678$0$0$4,933,545
96$17,212,356$0$0$5,393,890
97$18,806,057$0$0$5,899,840
98$20,557,214$0$0$6,456,003
99$22,481,727$0$0$7,067,458
100$24,597,112$0$0$7,739,799