Can I retire at age 54 with 800,000?

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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$66,063$65,475$64,901$64,340$63,793$62,454
2 years$32,705$32,095$31,505$30,933$30,378$29,035
3 years$21,586$20,975$20,386$19,819$19,273$17,968
4 years$16,029$15,419$14,836$14,278$13,746$12,489
5 years$12,695$12,088$11,513$10,967$10,449$9,245
6 years$10,473$9,871$9,304$8,771$8,268$7,117
7 years$8,886$8,290$7,732$7,211$6,724$5,626
8 years$7,697$7,106$6,557$6,049$5,578$4,533
9 years$6,773$6,187$5,648$5,152$4,698$3,705
10 years$6,033$5,453$4,924$4,441$4,003$3,061
11 years$5,429$4,855$4,335$3,865$3,442$2,551
12 years$4,926$4,357$3,847$3,390$2,983$2,140
13 years$4,500$3,938$3,437$2,993$2,601$1,806
14 years$4,136$3,579$3,088$2,657$2,280$1,530
15 years$3,820$3,270$2,788$2,370$2,008$1,302
16 years$3,544$3,000$2,528$2,122$1,775$1,111
17 years$3,301$2,763$2,300$1,906$1,573$951
18 years$3,085$2,553$2,100$1,718$1,399$815
19 years$2,892$2,366$1,922$1,552$1,247$700
20 years$2,719$2,199$1,764$1,406$1,114$602
21 years$2,562$2,048$1,623$1,276$997$519
22 years$2,420$1,912$1,496$1,160$893$448
23 years$2,290$1,788$1,381$1,057$802$387
24 years$2,172$1,675$1,277$964$721$334
25 years$2,063$1,572$1,183$880$649$289
26 years$1,962$1,478$1,097$805$584$250
27 years$1,869$1,391$1,019$737$527$216
28 years$1,783$1,310$947$675$475$187
29 years$1,703$1,236$881$619$429$162
30 years$1,628$1,167$821$568$388$141
31 years$1,559$1,104$765$522$351$122
32 years$1,494$1,044$714$479$317$106
33 years$1,433$989$667$441$287$92
34 years$1,375$937$623$406$260$80
35 years$1,321$889$582$373$235$69
36 years$1,271$844$545$344$213$60
37 years$1,223$801$510$317$193$52
38 years$1,177$762$478$292$175$45
39 years$1,134$724$447$269$159$39
40 years$1,094$689$419$248$144$34
41 years$1,055$656$393$229$131$30
42 years$1,019$625$369$211$119$26
43 years$984$595$346$195$108$22
44 years$951$567$325$180$98$19
45 years$919$541$305$166$89$17
46 years$889$516$287$154$81$15
47 years$860$492$269$142$73$13
48 years$833$470$253$131$66$11
49 years$806$449$238$121$60$10
50 years$781$429$224$112$55$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $800,000, adding $3,058 every year, while hoping to spend $43,426 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: 76/8/16 Blend
53$800,000$800,000$800,000$800,000
54$884,754$842,354$829,954$948,657
55$928,794$837,425$811,553$986,369
56$975,871$830,798$791,080$1,021,982
57$1,026,248$822,346$768,419$1,059,848
58$1,080,215$811,930$743,451$1,100,178
59$1,138,089$799,407$716,049$1,143,205
60$1,200,219$784,623$686,081$1,189,187
61$1,266,987$767,414$653,410$1,238,407
62$1,338,811$747,610$617,891$1,291,178
63$1,416,154$725,026$579,374$1,347,846
64$1,499,520$699,471$537,701$1,408,793
65$1,589,465$670,739$492,708$1,474,440
66$1,686,600$638,615$444,224$1,545,251
67$1,791,595$602,869$392,067$1,621,741
68$1,905,188$563,260$336,052$1,704,474
69$2,028,190$519,532$275,982$1,794,077
70$2,161,491$471,415$211,653$1,891,238
71$2,306,071$418,622$142,852$1,996,721
72$2,463,008$360,852$69,355$2,111,364
73$2,633,486$297,786$0$2,236,096
74$2,818,809$229,085$0$2,373,491
75$3,020,412$154,394$0$2,535,863
76$3,239,872$73,338$0$2,712,650
77$3,478,925$0$0$2,905,273
78$3,739,482$0$0$3,116,571
79$4,023,646$0$0$3,354,081
80$4,333,731$0$0$3,613,285
81$4,672,284$0$0$3,896,316
82$5,042,109$0$0$4,205,523
83$5,446,294$0$0$4,543,490
84$5,888,238$0$0$4,913,063
85$6,371,682$0$0$5,317,376
86$6,900,747$0$0$5,759,878
87$7,479,970$0$0$6,244,371
88$8,114,347$0$0$6,775,036
89$8,809,380$0$0$7,356,482
90$9,571,129$0$0$7,993,783
91$10,406,267$0$0$8,692,528
92$11,322,143$0$0$9,458,870
93$12,326,854$0$0$10,299,591
94$13,429,316$0$0$11,222,156
95$14,639,350$0$0$12,234,791
96$15,967,775$0$0$13,346,556
97$17,426,509$0$0$14,567,431
98$19,028,679$0$0$15,908,411
99$20,788,747$0$0$17,381,606
100$22,722,646$0$0$19,000,359