Can I retire at age 54 with 802,000?

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 $802,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$66,228$65,638$65,063$64,501$63,953$62,356
2 years$32,786$32,176$31,584$31,010$30,454$28,855
3 years$21,640$21,027$20,437$19,869$19,321$17,771
4 years$16,069$15,457$14,873$14,314$13,780$12,290
5 years$12,726$12,119$11,542$10,995$10,475$9,049
6 years$10,499$9,896$9,328$8,792$8,289$6,928
7 years$8,909$8,310$7,751$7,229$6,741$5,446
8 years$7,716$7,124$6,574$6,064$5,592$4,363
9 years$6,789$6,202$5,662$5,165$4,710$3,544
10 years$6,048$5,467$4,936$4,452$4,013$2,910
11 years$5,443$4,867$4,346$3,875$3,451$2,410
12 years$4,938$4,368$3,857$3,399$2,991$2,009
13 years$4,511$3,948$3,446$3,001$2,608$1,683
14 years$4,146$3,588$3,096$2,664$2,286$1,417
15 years$3,830$3,278$2,795$2,376$2,013$1,197
16 years$3,553$3,008$2,534$2,127$1,779$1,014
17 years$3,309$2,770$2,306$1,911$1,577$862
18 years$3,093$2,559$2,105$1,722$1,402$733
19 years$2,900$2,372$1,927$1,556$1,250$625
20 years$2,726$2,204$1,769$1,409$1,117$534
21 years$2,569$2,053$1,627$1,279$999$457
22 years$2,426$1,917$1,499$1,163$896$391
23 years$2,296$1,793$1,384$1,059$804$335
24 years$2,177$1,679$1,280$966$723$287
25 years$2,068$1,576$1,186$882$650$246
26 years$1,967$1,481$1,100$807$586$211
27 years$1,874$1,394$1,021$738$528$182
28 years$1,787$1,314$949$677$477$156
29 years$1,707$1,239$884$620$430$134
30 years$1,633$1,170$823$569$389$115
31 years$1,563$1,106$767$523$351$99
32 years$1,497$1,047$716$481$318$85
33 years$1,436$991$668$442$288$73
34 years$1,379$940$625$407$261$63
35 years$1,325$891$584$374$236$54
36 years$1,274$846$546$345$214$47
37 years$1,226$803$511$318$194$40
38 years$1,180$764$479$293$176$35
39 years$1,137$726$449$270$159$30
40 years$1,096$691$420$249$144$26
41 years$1,058$658$394$230$131$22
42 years$1,021$626$370$212$119$19
43 years$986$597$347$196$108$16
44 years$953$569$326$181$98$14
45 years$921$542$306$167$89$12
46 years$891$517$287$154$81$10
47 years$862$494$270$142$73$9
48 years$835$471$254$132$67$8
49 years$808$450$238$122$60$7
50 years$783$430$224$112$55$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $802,000, adding $3,873 every year, while hoping to spend $40,687 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: 42/34/24 Blend
53$802,000$802,000$802,000$802,000
54$887,799$845,293$832,862$918,704
55$935,064$843,422$817,472$939,289
56$985,786$840,095$800,203$957,388
57$1,040,275$835,199$780,949$976,181
58$1,098,872$828,612$759,599$995,754
59$1,161,948$820,205$736,037$1,016,207
60$1,229,914$809,843$710,142$1,037,650
61$1,303,221$797,381$681,787$1,060,209
62$1,382,362$782,665$650,840$1,084,025
63$1,467,882$765,534$617,162$1,109,258
64$1,560,377$745,816$580,607$1,136,087
65$1,660,503$723,330$541,026$1,164,713
66$1,768,983$697,881$498,259$1,195,363
67$1,886,610$669,268$452,141$1,228,291
68$2,014,257$637,274$402,500$1,263,781
69$2,152,882$601,672$349,155$1,302,150
70$2,303,542$562,220$291,918$1,343,756
71$2,467,398$518,663$230,592$1,388,995
72$2,645,728$470,733$164,972$1,438,313
73$2,839,936$418,143$94,843$1,492,206
74$3,051,571$360,594$19,981$1,551,225
75$3,282,335$297,766$0$1,615,989
76$3,534,100$229,324$0$1,702,526
77$3,808,930$154,913$0$1,802,717
78$4,109,095$74,158$0$1,912,356
79$4,437,094$0$0$2,032,459
80$4,795,679$0$0$2,169,139
81$5,187,878$0$0$2,349,074
82$5,617,026$0$0$2,546,061
83$6,086,798$0$0$2,761,797
84$6,601,237$0$0$2,998,155
85$7,164,796$0$0$3,257,192
86$7,782,381$0$0$3,541,177
87$8,459,393$0$0$3,852,610
88$9,201,781$0$0$4,194,240
89$10,016,097$0$0$4,569,100
90$10,909,560$0$0$4,980,528
91$11,890,119$0$0$5,432,201
92$12,966,529$0$0$5,928,170
93$14,148,438$0$0$6,472,896
94$15,446,469$0$0$7,071,297
95$16,872,329$0$0$7,728,787
96$18,438,912$0$0$8,451,331
97$20,160,423$0$0$9,245,503
98$22,052,511$0$0$10,118,542
99$24,132,418$0$0$11,078,427
100$26,419,137$0$0$12,133,945