Can I retire at age 54 with 801,000?

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 $801,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$66,146$65,557$64,982$64,421$63,873$62,609
2 years$32,745$32,136$31,545$30,972$30,416$29,148
3 years$21,613$21,001$20,411$19,844$19,297$18,064
4 years$16,049$15,438$14,854$14,296$13,763$12,575
5 years$12,710$12,104$11,528$10,981$10,462$9,323
6 years$10,486$9,883$9,316$8,782$8,278$7,188
7 years$8,897$8,300$7,742$7,220$6,733$5,692
8 years$7,707$7,115$6,565$6,056$5,585$4,595
9 years$6,781$6,195$5,655$5,159$4,704$3,762
10 years$6,041$5,460$4,930$4,447$4,008$3,114
11 years$5,436$4,861$4,340$3,870$3,447$2,600
12 years$4,932$4,363$3,852$3,395$2,987$2,186
13 years$4,506$3,943$3,441$2,997$2,605$1,848
14 years$4,141$3,584$3,092$2,660$2,283$1,569
15 years$3,825$3,274$2,792$2,373$2,010$1,338
16 years$3,549$3,004$2,531$2,124$1,777$1,144
17 years$3,305$2,766$2,303$1,909$1,575$981
18 years$3,089$2,556$2,103$1,720$1,401$843
19 years$2,896$2,369$1,925$1,554$1,249$726
20 years$2,722$2,202$1,767$1,408$1,115$626
21 years$2,565$2,051$1,625$1,278$998$540
22 years$2,423$1,914$1,498$1,162$895$467
23 years$2,293$1,790$1,383$1,058$803$404
24 years$2,174$1,677$1,279$965$722$350
25 years$2,065$1,574$1,184$881$649$304
26 years$1,964$1,479$1,098$806$585$263
27 years$1,871$1,392$1,020$737$527$229
28 years$1,785$1,312$948$676$476$198
29 years$1,705$1,238$882$620$430$172
30 years$1,630$1,169$822$569$388$150
31 years$1,561$1,105$766$522$351$130
32 years$1,496$1,046$715$480$318$113
33 years$1,434$990$668$441$287$98
34 years$1,377$938$624$406$260$86
35 years$1,323$890$583$374$236$75
36 years$1,272$845$546$344$214$65
37 years$1,224$802$511$317$194$56
38 years$1,179$763$478$292$175$49
39 years$1,136$725$448$270$159$43
40 years$1,095$690$420$249$144$37
41 years$1,056$657$394$229$131$32
42 years$1,020$625$369$212$119$28
43 years$985$596$347$195$108$25
44 years$952$568$325$180$98$21
45 years$920$542$305$167$89$19
46 years$890$517$287$154$81$16
47 years$861$493$270$142$73$14
48 years$834$471$253$131$67$12
49 years$807$450$238$121$60$11
50 years$782$429$224$112$55$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $801,000, adding $3,310 every year, while hoping to spend $45,767 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: 59/11/30 Blend
53$801,000$801,000$801,000$801,000
54$886,116$843,663$831,248$930,956
55$927,804$836,307$810,399$954,688
56$972,211$827,056$787,318$975,452
57$1,019,564$815,770$761,881$997,171
58$1,070,116$802,299$733,960$1,019,951
59$1,124,140$786,484$703,420$1,043,910
60$1,181,939$768,158$670,121$1,069,182
61$1,243,841$747,143$633,915$1,095,914
62$1,310,210$723,250$594,648$1,124,274
63$1,381,443$696,280$552,160$1,154,447
64$1,457,976$666,024$506,283$1,186,640
65$1,540,287$632,257$456,841$1,221,085
66$1,628,902$594,743$403,651$1,258,039
67$1,724,399$553,234$346,522$1,297,789
68$1,827,410$507,465$285,253$1,340,656
69$1,938,634$457,158$219,637$1,386,995
70$2,058,834$402,019$149,454$1,437,203
71$2,188,852$341,734$74,477$1,491,720
72$2,329,612$275,977$0$1,551,036
73$2,482,131$204,398$0$1,617,467
74$2,647,526$126,631$0$1,715,402
75$2,827,026$42,289$0$1,821,729
76$3,021,983$0$0$1,937,279
77$3,233,884$0$0$2,068,904
78$3,464,364$0$0$2,217,696
79$3,715,222$0$0$2,379,704
80$3,988,439$0$0$2,556,215
81$4,286,193$0$0$2,748,644
82$4,610,883$0$0$2,958,548
83$4,965,147$0$0$3,187,644
84$5,351,891$0$0$3,437,819
85$5,774,312$0$0$3,711,149
86$6,235,931$0$0$4,009,924
87$6,740,623$0$0$4,336,661
88$7,292,655$0$0$4,694,134
89$7,896,726$0$0$5,085,395
90$8,558,009$0$0$5,513,808
91$9,282,201$0$0$5,983,074
92$10,075,576$0$0$6,497,272
93$10,945,042$0$0$7,060,891
94$11,898,210$0$0$7,678,878
95$12,943,459$0$0$8,356,680
96$14,090,020$0$0$9,100,295
97$15,348,060$0$0$9,916,334
98$16,728,776$0$0$10,812,074
99$18,244,505$0$0$11,795,535
100$19,908,835$0$0$12,875,548