Can I retire at age 54 with 799,000?

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 $799,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$65,981$65,393$64,820$64,260$63,713$61,575
2 years$32,664$32,055$31,466$30,894$30,340$28,207
3 years$21,559$20,949$20,360$19,794$19,249$17,188
4 years$16,008$15,399$14,817$14,261$13,728$11,755
5 years$12,679$12,073$11,499$10,954$10,436$8,556
6 years$10,460$9,859$9,293$8,760$8,258$6,472
7 years$8,875$8,279$7,722$7,202$6,716$5,025
8 years$7,687$7,097$6,549$6,041$5,571$3,973
9 years$6,764$6,179$5,641$5,146$4,692$3,185
10 years$6,026$5,447$4,918$4,436$3,998$2,579
11 years$5,422$4,849$4,329$3,860$3,438$2,106
12 years$4,919$4,352$3,842$3,386$2,979$1,730
13 years$4,494$3,933$3,433$2,989$2,598$1,429
14 years$4,131$3,575$3,084$2,654$2,278$1,184
15 years$3,815$3,266$2,785$2,367$2,005$985
16 years$3,540$2,996$2,525$2,119$1,772$822
17 years$3,297$2,759$2,298$1,904$1,571$687
18 years$3,081$2,550$2,097$1,716$1,397$575
19 years$2,889$2,363$1,920$1,550$1,245$482
20 years$2,716$2,196$1,762$1,404$1,112$405
21 years$2,559$2,045$1,621$1,274$995$340
22 years$2,417$1,909$1,494$1,159$892$286
23 years$2,287$1,786$1,379$1,055$801$241
24 years$2,169$1,673$1,276$962$720$203
25 years$2,060$1,570$1,181$879$648$171
26 years$1,960$1,476$1,096$804$584$144
27 years$1,867$1,389$1,017$736$526$122
28 years$1,781$1,309$946$674$475$103
29 years$1,701$1,235$880$618$429$87
30 years$1,626$1,166$820$567$387$73
31 years$1,557$1,102$764$521$350$62
32 years$1,492$1,043$713$479$317$52
33 years$1,431$988$666$440$287$44
34 years$1,374$936$622$405$260$37
35 years$1,320$888$582$373$235$32
36 years$1,269$843$544$343$213$27
37 years$1,221$800$509$316$193$23
38 years$1,176$761$477$292$175$19
39 years$1,133$723$447$269$159$16
40 years$1,092$688$419$248$144$14
41 years$1,054$655$393$229$131$11
42 years$1,017$624$368$211$119$10
43 years$982$594$346$195$108$8
44 years$949$567$324$180$98$7
45 years$918$540$305$166$89$6
46 years$888$515$286$154$80$5
47 years$859$492$269$142$73$4
48 years$831$470$253$131$66$4
49 years$805$448$237$121$60$3
50 years$780$428$223$112$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $799,000, adding $3,374 every year, while hoping to spend $31,119 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: 24/50/26 Blend
53$799,000$799,000$799,000$799,000
54$883,978$841,631$829,247$897,856
55$941,034$849,761$823,916$917,889
56$1,002,866$857,246$817,364$936,468
57$1,069,929$864,022$809,517$955,712
58$1,142,723$870,020$800,296$975,697
59$1,221,797$875,167$789,623$996,508
60$1,307,756$879,386$777,411$1,018,242
61$1,401,265$882,594$763,572$1,041,007
62$1,503,055$884,702$748,013$1,064,926
63$1,613,932$885,618$730,637$1,090,137
64$1,734,782$885,243$711,342$1,116,795
65$1,866,580$883,470$690,022$1,145,074
66$2,010,400$880,188$666,566$1,175,169
67$2,167,421$875,278$640,857$1,207,299
68$2,338,946$868,614$612,773$1,241,709
69$2,526,405$860,063$582,188$1,278,675
70$2,731,375$849,482$548,968$1,318,502
71$2,955,591$836,723$512,974$1,361,535
72$3,200,964$821,625$474,062$1,408,155
73$3,469,599$804,021$432,079$1,458,790
74$3,763,811$783,731$386,866$1,513,918
75$4,086,152$760,566$338,259$1,574,068
76$4,439,433$734,328$286,084$1,639,834
77$4,826,749$704,803$230,161$1,711,873
78$5,251,506$671,768$170,301$1,790,920
79$5,717,461$634,986$106,308$1,877,791
80$6,228,748$594,205$37,974$1,973,392
81$6,789,921$549,163$0$2,078,731
82$7,405,998$499,576$0$2,204,624
83$8,082,505$445,151$0$2,354,492
84$8,825,531$385,573$0$2,519,235
85$9,641,781$320,512$0$2,700,451
86$10,538,644$249,619$0$2,899,912
87$11,524,259$172,524$0$3,119,575
88$12,607,594$88,838$0$3,361,608
89$13,798,526$0$0$3,628,407
90$15,107,939$0$0$3,923,640
91$16,547,824$0$0$4,302,189
92$18,131,392$0$0$4,718,669
93$19,873,199$0$0$5,176,925
94$21,789,280$0$0$5,681,197
95$23,897,306$0$0$6,236,156
96$26,216,744$0$0$6,846,949
97$28,769,044$0$0$7,519,245
98$31,577,843$0$0$8,259,294
99$34,669,182$0$0$9,073,981
100$38,071,754$0$0$9,970,890