Can I retire at age 54 with 805,000?

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 $805,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$66,476$65,884$65,306$64,742$64,192$63,841
2 years$32,909$32,296$31,702$31,126$30,568$30,213
3 years$21,721$21,106$20,513$19,943$19,393$19,047
4 years$16,129$15,515$14,928$14,368$13,831$13,496
5 years$12,774$12,164$11,585$11,036$10,514$10,190
6 years$10,538$9,933$9,362$8,825$8,320$8,007
7 years$8,942$8,342$7,780$7,256$6,766$6,466
8 years$7,745$7,150$6,598$6,087$5,613$5,325
9 years$6,815$6,226$5,683$5,185$4,727$4,451
10 years$6,071$5,488$4,955$4,469$4,028$3,763
11 years$5,463$4,885$4,362$3,889$3,464$3,211
12 years$4,956$4,385$3,871$3,412$3,002$2,760
13 years$4,528$3,963$3,459$3,012$2,618$2,387
14 years$4,162$3,602$3,108$2,674$2,295$2,075
15 years$3,844$3,290$2,806$2,384$2,020$1,812
16 years$3,566$3,019$2,544$2,135$1,786$1,587
17 years$3,322$2,780$2,315$1,918$1,583$1,395
18 years$3,105$2,569$2,113$1,729$1,408$1,229
19 years$2,910$2,381$1,934$1,562$1,255$1,086
20 years$2,736$2,213$1,775$1,415$1,121$961
21 years$2,578$2,061$1,633$1,284$1,003$852
22 years$2,435$1,924$1,505$1,167$899$756
23 years$2,305$1,799$1,390$1,063$807$672
24 years$2,185$1,686$1,285$970$725$598
25 years$2,075$1,582$1,190$886$653$533
26 years$1,974$1,487$1,104$810$588$475
27 years$1,881$1,399$1,025$741$530$424
28 years$1,794$1,319$953$679$478$379
29 years$1,714$1,244$887$623$432$339
30 years$1,639$1,175$826$572$390$303
31 years$1,569$1,110$770$525$353$271
32 years$1,503$1,051$719$482$319$242
33 years$1,442$995$671$444$289$217
34 years$1,384$943$627$408$261$194
35 years$1,330$895$586$376$237$174
36 years$1,279$849$548$346$215$156
37 years$1,230$806$513$319$194$140
38 years$1,185$766$481$294$176$126
39 years$1,141$729$450$271$160$113
40 years$1,101$693$422$250$145$101
41 years$1,062$660$396$231$132$91
42 years$1,025$629$371$213$119$81
43 years$990$599$348$196$108$73
44 years$956$571$327$181$98$66
45 years$925$544$307$168$89$59
46 years$894$519$288$155$81$53
47 years$865$496$271$143$74$47
48 years$838$473$255$132$67$43
49 years$811$452$239$122$61$38
50 years$786$432$225$113$55$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $805,000, adding $4,316 every year, while hoping to spend $54,100 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: 31/40/29 Blend
53$805,000$805,000$805,000$805,000
54$891,562$848,897$836,419$911,189
55$924,939$832,931$806,878$910,816
56$959,908$814,369$774,533$905,390
57$996,573$793,028$739,234$898,495
58$1,035,049$768,712$700,824$890,042
59$1,075,459$741,214$659,137$879,935
60$1,117,938$710,316$614,000$868,080
61$1,162,633$675,786$565,234$854,373
62$1,209,703$637,381$512,651$838,711
63$1,259,321$594,841$456,053$820,986
64$1,311,676$547,893$395,235$801,086
65$1,366,975$496,247$329,983$778,895
66$1,425,441$439,598$260,073$754,296
67$1,487,321$377,623$185,270$727,166
68$1,552,882$309,981$105,330$697,382
69$1,622,416$236,310$19,999$664,814
70$1,696,243$156,230$0$629,333
71$1,774,714$69,340$0$612,797
72$1,858,211$0$0$601,114
73$1,947,152$0$0$598,955
74$2,041,996$0$0$629,270
75$2,143,246$0$0$661,707
76$2,251,452$0$0$696,453
77$2,367,217$0$0$733,711
78$2,491,203$0$0$773,705
79$2,624,135$0$0$816,681
80$2,766,810$0$0$862,908
81$2,920,100$0$0$912,683
82$3,084,964$0$0$966,330
83$3,262,456$0$0$1,024,207
84$3,453,730$0$0$1,086,705
85$3,660,058$0$0$1,154,257
86$3,882,834$0$0$1,227,334
87$4,123,590$0$0$1,306,459
88$4,384,012$0$0$1,392,204
89$4,665,951$0$0$1,485,198
90$4,971,442$0$0$1,586,133
91$5,302,726$0$0$1,695,772
92$5,662,262$0$0$1,814,950
93$6,052,759$0$0$1,944,591
94$6,477,195$0$0$2,085,707
95$6,938,845$0$0$2,239,415
96$7,441,314$0$0$2,406,941
97$7,988,568$0$0$2,589,636
98$8,584,972$0$0$2,788,988
99$9,235,328$0$0$3,006,633
100$9,944,924$0$0$3,244,372