Can I retire at age 54 with 796,000?

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 $796,000?

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 years$65,733$65,147$64,576$64,019$63,474$63,207
2 years$32,541$31,935$31,348$30,778$30,226$29,956
3 years$21,479$20,870$20,284$19,720$19,176$18,912
4 years$15,948$15,342$14,762$14,207$13,677$13,420
5 years$12,631$12,028$11,456$10,912$10,397$10,149
6 years$10,420$9,822$9,258$8,727$8,227$7,988
7 years$8,842$8,248$7,693$7,175$6,691$6,461
8 years$7,659$7,070$6,525$6,019$5,550$5,330
9 years$6,739$6,156$5,620$5,127$4,674$4,462
10 years$6,003$5,426$4,899$4,419$3,983$3,780
11 years$5,402$4,831$4,313$3,846$3,425$3,231
12 years$4,901$4,336$3,828$3,373$2,968$2,783
13 years$4,478$3,918$3,420$2,978$2,588$2,411
14 years$4,115$3,562$3,073$2,644$2,269$2,100
15 years$3,801$3,254$2,774$2,358$1,998$1,837
16 years$3,527$2,985$2,515$2,111$1,766$1,613
17 years$3,285$2,749$2,289$1,897$1,566$1,420
18 years$3,070$2,540$2,089$1,709$1,392$1,254
19 years$2,878$2,354$1,913$1,545$1,241$1,110
20 years$2,705$2,188$1,755$1,399$1,108$984
21 years$2,549$2,038$1,615$1,270$992$875
22 years$2,408$1,902$1,488$1,154$889$778
23 years$2,279$1,779$1,374$1,051$798$693
24 years$2,161$1,667$1,271$959$717$619
25 years$2,052$1,564$1,177$876$645$552
26 years$1,952$1,470$1,092$801$581$494
27 years$1,860$1,384$1,014$733$524$442
28 years$1,774$1,304$942$671$473$395
29 years$1,694$1,230$877$616$427$354
30 years$1,620$1,162$817$565$386$318
31 years$1,551$1,098$761$519$349$285
32 years$1,486$1,039$710$477$316$256
33 years$1,426$984$663$439$286$229
34 years$1,368$933$620$404$259$206
35 years$1,315$885$579$372$234$185
36 years$1,264$840$542$342$212$166
37 years$1,217$797$507$315$192$149
38 years$1,171$758$475$291$174$134
39 years$1,129$721$445$268$158$121
40 years$1,088$686$417$247$143$109
41 years$1,050$653$391$228$130$98
42 years$1,013$622$367$210$118$88
43 years$979$592$344$194$107$79
44 years$946$564$323$179$97$71
45 years$914$538$304$166$88$64
46 years$884$513$285$153$80$58
47 years$856$490$268$141$73$52
48 years$828$468$252$131$66$47
49 years$802$447$237$121$60$42
50 years$777$427$222$112$55$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $796,000, adding $4,434 every year, while hoping to spend $34,642 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: 59/13/28 Blend
53$796,000$796,000$796,000$796,000
54$881,766$839,578$827,240$926,839
55$934,847$843,858$818,093$962,434
56$992,181$847,187$807,480$997,183
57$1,054,166$849,482$795,313$1,034,367
58$1,121,239$850,654$781,503$1,074,233
59$1,193,878$850,609$765,956$1,117,054
60$1,272,612$849,247$748,574$1,163,129
61$1,358,021$846,463$729,254$1,212,793
62$1,450,743$842,144$707,888$1,266,413
63$1,551,481$836,170$684,364$1,324,398
64$1,661,005$828,416$658,564$1,387,198
65$1,780,166$818,747$630,364$1,455,312
66$1,909,899$807,021$599,637$1,529,291
67$2,051,231$793,088$566,247$1,609,744
68$2,205,294$776,787$530,054$1,697,344
69$2,373,335$757,950$490,911$1,792,837
70$2,556,723$736,397$448,665$1,897,043
71$2,756,967$711,940$403,154$2,010,874
72$2,975,730$684,377$354,212$2,135,332
73$3,214,839$653,496$301,663$2,271,528
74$3,476,309$619,073$245,324$2,420,687
75$3,762,355$580,871$185,006$2,584,162
76$4,075,419$538,637$120,507$2,763,450
77$4,418,189$492,107$51,621$2,960,202
78$4,793,624$441,001$0$3,176,241
79$5,204,984$385,020$0$3,420,121
80$5,655,859$323,852$0$3,704,407
81$6,150,202$257,167$0$4,016,187
82$6,692,368$184,613$0$4,358,243
83$7,287,152$105,821$0$4,733,642
84$7,939,837$20,402$0$5,145,766
85$8,656,242$0$0$5,598,340
86$9,442,776$0$0$6,105,781
87$10,306,500$0$0$6,666,295
88$11,255,192$0$0$7,282,019
89$12,297,419$0$0$7,958,524
90$13,442,621$0$0$8,701,946
91$14,701,196$0$0$9,519,043
92$16,084,599$0$0$10,417,264
93$17,605,451$0$0$11,404,812
94$19,277,657$0$0$12,490,727
95$21,116,537$0$0$13,684,968
96$23,138,968$0$0$14,998,508
97$25,363,546$0$0$16,443,436
98$27,810,760$0$0$18,033,071
99$30,503,183$0$0$19,782,090
100$33,465,689$0$0$21,706,662