Can I retire at age 54 with 797,000?

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 $797,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$65,816$65,229$64,657$64,099$63,554$62,475
2 years$32,582$31,975$31,387$30,817$30,264$29,180
3 years$21,506$20,896$20,309$19,745$19,201$18,146
4 years$15,968$15,361$14,780$14,225$13,694$12,677
5 years$12,647$12,043$11,470$10,926$10,410$9,433
6 years$10,433$9,834$9,269$8,738$8,237$7,301
7 years$8,853$8,259$7,703$7,184$6,699$5,804
8 years$7,668$7,079$6,533$6,026$5,557$4,704
9 years$6,747$6,164$5,627$5,133$4,680$3,867
10 years$6,011$5,433$4,905$4,425$3,988$3,215
11 years$5,409$4,837$4,319$3,851$3,430$2,696
12 years$4,907$4,341$3,833$3,378$2,972$2,277
13 years$4,483$3,923$3,424$2,982$2,592$1,934
14 years$4,120$3,566$3,077$2,647$2,272$1,650
15 years$3,806$3,258$2,778$2,361$2,000$1,413
16 years$3,531$2,989$2,519$2,114$1,768$1,215
17 years$3,289$2,753$2,292$1,899$1,568$1,047
18 years$3,074$2,544$2,092$1,712$1,394$904
19 years$2,882$2,357$1,915$1,547$1,242$782
20 years$2,709$2,191$1,758$1,401$1,110$678
21 years$2,553$2,040$1,617$1,271$993$589
22 years$2,411$1,905$1,490$1,156$890$512
23 years$2,282$1,781$1,376$1,053$799$445
24 years$2,163$1,669$1,272$960$718$388
25 years$2,055$1,566$1,178$877$646$338
26 years$1,955$1,472$1,093$802$582$295
27 years$1,862$1,385$1,015$734$525$257
28 years$1,776$1,305$944$672$474$225
29 years$1,697$1,232$878$617$428$196
30 years$1,622$1,163$818$566$386$172
31 years$1,553$1,099$762$520$349$150
32 years$1,488$1,040$711$478$316$131
33 years$1,427$985$664$439$286$115
34 years$1,370$934$621$404$259$100
35 years$1,316$886$580$372$234$88
36 years$1,266$841$543$343$212$77
37 years$1,218$798$508$316$193$67
38 years$1,173$759$476$291$175$59
39 years$1,130$721$446$268$158$52
40 years$1,090$686$418$247$144$45
41 years$1,051$653$392$228$130$40
42 years$1,015$622$367$211$118$35
43 years$980$593$345$194$107$30
44 years$947$565$324$180$97$27
45 years$915$539$304$166$88$23
46 years$885$514$285$153$80$20
47 years$857$491$268$142$73$18
48 years$829$468$252$131$66$16
49 years$803$447$237$121$60$14
50 years$778$427$223$112$55$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $797,000, adding $5,865 every year, while hoping to spend $43,101 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: 57/20/23 Blend
53$797,000$797,000$797,000$797,000
54$884,344$842,103$829,749$928,943
55$928,688$837,507$811,687$955,466
56$976,110$831,241$791,575$979,268
57$1,026,880$823,178$769,299$1,004,284
58$1,081,291$813,183$744,739$1,030,643
59$1,139,666$801,113$717,772$1,058,488
60$1,202,360$786,816$688,266$1,087,980
61$1,269,763$770,131$656,084$1,119,295
62$1,342,300$750,889$621,085$1,152,634
63$1,420,442$728,909$583,118$1,188,217
64$1,504,702$704,001$542,027$1,226,292
65$1,595,647$675,963$497,651$1,267,131
66$1,693,899$644,581$449,818$1,311,042
67$1,800,141$609,630$398,351$1,358,364
68$1,915,123$570,870$343,064$1,409,474
69$2,039,672$528,049$283,763$1,464,791
70$2,174,695$480,899$220,245$1,524,783
71$2,321,190$429,139$152,299$1,589,966
72$2,480,254$372,470$79,705$1,660,915
73$2,653,096$310,577$2,231$1,738,268
74$2,841,043$243,127$0$1,822,732
75$3,045,557$169,767$0$1,934,834
76$3,268,245$90,127$0$2,057,569
77$3,510,876$3,813$0$2,191,418
78$3,775,398$0$0$2,337,516
79$4,063,953$0$0$2,516,834
80$4,378,900$0$0$2,713,534
81$4,722,835$0$0$2,928,406
82$5,098,615$0$0$3,163,246
83$5,509,388$0$0$3,420,028
84$5,958,617$0$0$3,700,927
85$6,450,117$0$0$4,008,337
86$6,988,086$0$0$4,344,895
87$7,577,151$0$0$4,713,505
88$8,222,403$0$0$5,117,364
89$8,929,450$0$0$5,559,994
90$9,704,470$0$0$6,045,273
91$10,554,265$0$0$6,577,473
92$11,486,326$0$0$7,161,297
93$12,508,908$0$0$7,801,929
94$13,631,098$0$0$8,505,076
95$14,862,909$0$0$9,277,026
96$16,215,371$0$0$10,124,703
97$17,700,631$0$0$11,055,739
98$19,332,074$0$0$12,078,538
99$21,124,443$0$0$13,202,358
100$23,093,979$0$0$14,437,399