Can I retire at age 54 with 795,000?

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 $795,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$65,650$65,066$64,495$63,938$63,394$62,890
2 years$32,500$31,895$31,308$30,740$30,188$29,679
3 years$21,452$20,844$20,259$19,695$19,152$18,655
4 years$15,928$15,322$14,743$14,189$13,660$13,178
5 years$12,615$12,013$11,441$10,899$10,384$9,919
6 years$10,407$9,809$9,246$8,716$8,216$7,769
7 years$8,831$8,238$7,684$7,166$6,682$6,253
8 years$7,649$7,061$6,516$6,011$5,543$5,132
9 years$6,730$6,148$5,613$5,120$4,668$4,274
10 years$5,996$5,419$4,893$4,414$3,978$3,601
11 years$5,395$4,825$4,308$3,841$3,421$3,061
12 years$4,895$4,330$3,823$3,369$2,965$2,622
13 years$4,472$3,913$3,416$2,975$2,585$2,259
14 years$4,110$3,557$3,069$2,640$2,266$1,956
15 years$3,796$3,249$2,771$2,355$1,995$1,701
16 years$3,522$2,981$2,512$2,108$1,763$1,484
17 years$3,281$2,746$2,286$1,894$1,564$1,299
18 years$3,066$2,537$2,087$1,707$1,390$1,140
19 years$2,874$2,351$1,910$1,543$1,239$1,002
20 years$2,702$2,185$1,753$1,397$1,107$883
21 years$2,546$2,035$1,613$1,268$990$779
22 years$2,405$1,900$1,486$1,153$888$689
23 years$2,276$1,777$1,372$1,050$797$610
24 years$2,158$1,665$1,269$958$716$540
25 years$2,050$1,562$1,176$875$645$479
26 years$1,950$1,468$1,090$800$581$425
27 years$1,857$1,382$1,012$732$523$378
28 years$1,772$1,302$941$671$472$336
29 years$1,692$1,228$876$615$427$299
30 years$1,618$1,160$816$564$385$266
31 years$1,549$1,097$761$518$348$237
32 years$1,484$1,038$710$476$315$211
33 years$1,424$983$663$438$285$188
34 years$1,367$931$619$403$258$167
35 years$1,313$883$579$371$234$149
36 years$1,263$838$541$342$212$133
37 years$1,215$796$507$315$192$119
38 years$1,170$757$475$290$174$106
39 years$1,127$720$445$268$158$94
40 years$1,087$685$417$247$143$84
41 years$1,049$652$391$228$130$75
42 years$1,012$621$367$210$118$67
43 years$978$591$344$194$107$60
44 years$945$564$323$179$97$54
45 years$913$538$303$165$88$48
46 years$883$513$285$153$80$43
47 years$855$489$268$141$73$38
48 years$827$467$251$130$66$34
49 years$801$446$236$121$60$30
50 years$776$426$222$111$54$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $795,000, adding $2,945 every year, while hoping to spend $23,130 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: 58/32/10 Blend
53$795,000$795,000$795,000$795,000
54$879,128$836,993$824,670$927,857
55$944,189$853,395$827,687$977,421
56$1,015,111$869,826$830,029$1,028,570
57$1,092,467$886,263$831,650$1,083,760
58$1,176,889$902,680$832,500$1,143,382
59$1,269,071$919,050$832,528$1,207,866
60$1,369,778$935,346$831,680$1,277,685
61$1,479,851$951,534$829,897$1,353,361
62$1,600,219$967,582$827,122$1,435,468
63$1,731,901$983,453$823,290$1,524,640
64$1,876,021$999,108$818,336$1,621,577
65$2,033,816$1,014,506$812,192$1,727,047
66$2,206,649$1,029,601$804,784$1,841,899
67$2,396,021$1,044,345$796,038$1,967,069
68$2,603,584$1,058,687$785,874$2,103,587
69$2,831,159$1,072,571$774,210$2,252,589
70$3,080,749$1,085,939$760,958$2,415,329
71$3,354,563$1,098,728$746,028$2,593,186
72$3,655,033$1,110,870$729,324$2,787,683
73$3,984,837$1,122,293$710,747$3,000,499
74$4,346,927$1,132,922$690,193$3,233,481
75$4,744,552$1,142,674$667,553$3,488,670
76$5,181,293$1,151,462$642,714$3,768,313
77$5,661,095$1,159,194$615,555$4,074,889
78$6,188,304$1,165,771$585,952$4,411,127
79$6,767,705$1,171,088$553,776$4,780,041
80$7,404,574$1,175,034$518,891$5,184,948
81$8,104,720$1,177,490$481,153$5,629,510
82$8,874,544$1,178,330$440,414$6,117,758
83$9,721,100$1,177,420$396,520$6,654,141
84$10,652,157$1,174,619$349,309$7,243,560
85$11,676,276$1,169,774$298,609$7,891,419
86$12,802,889$1,162,727$244,246$8,603,674
87$14,042,390$1,153,306$186,034$9,386,894
88$15,406,228$1,141,332$123,781$10,248,315
89$16,907,021$1,126,615$57,285$11,195,917
90$18,558,669$1,108,951$0$12,238,497
91$20,376,489$1,088,126$0$13,387,208
92$22,377,360$1,063,913$0$14,657,897
93$24,579,878$1,036,072$0$16,056,251
94$27,004,533$1,004,347$0$17,595,281
95$29,673,904$968,469$0$19,289,327
96$32,612,871$928,153$0$21,154,197
97$35,848,848$883,096$0$23,207,309
98$39,412,042$832,980$0$25,467,866
99$43,335,741$777,466$0$27,957,028
100$47,656,622$716,198$0$30,698,120