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%19.3%
1 years$65,650$65,066$64,495$63,938$63,394$61,024
2 years$32,500$31,895$31,308$30,740$30,188$27,827
3 years$21,452$20,844$20,259$19,695$19,152$16,875
4 years$15,928$15,322$14,743$14,189$13,660$11,483
5 years$12,615$12,013$11,441$10,899$10,384$8,314
6 years$10,407$9,809$9,246$8,716$8,216$6,255
7 years$8,831$8,238$7,684$7,166$6,682$4,828
8 years$7,649$7,061$6,516$6,011$5,543$3,795
9 years$6,730$6,148$5,613$5,120$4,668$3,024
10 years$5,996$5,419$4,893$4,414$3,978$2,433
11 years$5,395$4,825$4,308$3,841$3,421$1,974
12 years$4,895$4,330$3,823$3,369$2,965$1,611
13 years$4,472$3,913$3,416$2,975$2,585$1,321
14 years$4,110$3,557$3,069$2,640$2,266$1,088
15 years$3,796$3,249$2,771$2,355$1,995$898
16 years$3,522$2,981$2,512$2,108$1,763$744
17 years$3,281$2,746$2,286$1,894$1,564$617
18 years$3,066$2,537$2,087$1,707$1,390$513
19 years$2,874$2,351$1,910$1,543$1,239$427
20 years$2,702$2,185$1,753$1,397$1,107$356
21 years$2,546$2,035$1,613$1,268$990$297
22 years$2,405$1,900$1,486$1,153$888$248
23 years$2,276$1,777$1,372$1,050$797$207
24 years$2,158$1,665$1,269$958$716$173
25 years$2,050$1,562$1,176$875$645$145
26 years$1,950$1,468$1,090$800$581$121
27 years$1,857$1,382$1,012$732$523$101
28 years$1,772$1,302$941$671$472$85
29 years$1,692$1,228$876$615$427$71
30 years$1,618$1,160$816$564$385$59
31 years$1,549$1,097$761$518$348$50
32 years$1,484$1,038$710$476$315$42
33 years$1,424$983$663$438$285$35
34 years$1,367$931$619$403$258$29
35 years$1,313$883$579$371$234$25
36 years$1,263$838$541$342$212$21
37 years$1,215$796$507$315$192$17
38 years$1,170$757$475$290$174$14
39 years$1,127$720$445$268$158$12
40 years$1,087$685$417$247$143$10
41 years$1,049$652$391$228$130$8
42 years$1,012$621$367$210$118$7
43 years$978$591$344$194$107$6
44 years$945$564$323$179$97$5
45 years$913$538$303$165$88$4
46 years$883$513$285$153$80$4
47 years$855$489$268$141$73$3
48 years$827$467$251$130$66$2
49 years$801$446$236$121$60$2
50 years$776$426$222$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $795,000, adding $4,129 every year, while hoping to spend $52,254 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: 51/36/13 Blend
53$795,000$795,000$795,000$795,000
54$880,349$838,214$825,892$921,964
55$914,547$823,689$797,961$936,377
56$950,481$806,700$767,344$946,173
57$988,275$787,073$733,894$955,641
58$1,028,060$764,620$697,460$964,765
59$1,069,981$739,146$657,884$973,530
60$1,114,195$710,440$614,999$981,924
61$1,160,874$678,283$568,633$989,936
62$1,210,204$642,440$518,604$997,560
63$1,262,391$602,665$464,722$1,004,791
64$1,317,656$558,697$406,792$1,011,630
65$1,376,243$510,259$344,605$1,018,081
66$1,438,417$457,059$277,947$1,024,155
67$1,504,470$398,789$206,592$1,029,868
68$1,574,719$335,123$130,307$1,035,246
69$1,649,513$265,717$48,844$1,040,319
70$1,729,232$190,206$0$1,045,132
71$1,814,294$108,206$0$1,055,022
72$1,905,155$19,311$0$1,072,344
73$2,002,317$0$0$1,090,437
74$2,106,329$0$0$1,139,903
75$2,217,793$0$0$1,201,165
76$2,337,370$0$0$1,266,943
77$2,465,785$0$0$1,337,644
78$2,603,833$0$0$1,413,712
79$2,752,388$0$0$1,495,638
80$2,912,409$0$0$1,583,958
81$3,084,949$0$0$1,679,263
82$3,271,166$0$0$1,782,203
83$3,472,331$0$0$1,893,489
84$3,689,841$0$0$2,013,907
85$3,925,232$0$0$2,144,316
86$4,180,192$0$0$2,285,663
87$4,456,578$0$0$2,438,992
88$4,756,430$0$0$2,605,445
89$5,081,994$0$0$2,786,284
90$5,435,738$0$0$2,982,893
91$5,820,378$0$0$3,196,798
92$6,238,903$0$0$3,429,674
93$6,694,600$0$0$3,683,368
94$7,191,086$0$0$3,959,911
95$7,732,344$0$0$4,261,538
96$8,322,756$0$0$4,590,709
97$8,967,142$0$0$4,950,132
98$9,670,814$0$0$5,342,787
99$10,439,614$0$0$5,771,958
100$11,279,977$0$0$6,241,256