Can I retire at age 54 with 806,000?

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 $806,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$66,559$65,966$65,387$64,823$64,272$62,389
2 years$32,950$32,336$31,741$31,165$30,606$28,724
3 years$21,748$21,132$20,539$19,968$19,417$17,596
4 years$16,149$15,534$14,947$14,386$13,849$12,102
5 years$12,790$12,179$11,599$11,049$10,528$8,859
6 years$10,551$9,945$9,374$8,836$8,330$6,742
7 years$8,953$8,352$7,790$7,265$6,775$5,267
8 years$7,755$7,159$6,606$6,094$5,620$4,192
9 years$6,823$6,233$5,690$5,191$4,733$3,383
10 years$6,079$5,494$4,961$4,475$4,033$2,759
11 years$5,470$4,891$4,367$3,894$3,468$2,268
12 years$4,963$4,390$3,876$3,416$3,006$1,877
13 years$4,534$3,967$3,463$3,016$2,621$1,562
14 years$4,167$3,606$3,111$2,677$2,297$1,305
15 years$3,849$3,294$2,809$2,387$2,023$1,094
16 years$3,571$3,023$2,547$2,138$1,788$919
17 years$3,326$2,784$2,318$1,921$1,585$775
18 years$3,108$2,572$2,116$1,731$1,409$654
19 years$2,914$2,384$1,937$1,564$1,256$553
20 years$2,739$2,215$1,778$1,417$1,122$468
21 years$2,581$2,063$1,635$1,286$1,004$397
22 years$2,438$1,926$1,507$1,169$900$337
23 years$2,307$1,801$1,391$1,065$808$286
24 years$2,188$1,688$1,287$971$726$243
25 years$2,078$1,584$1,192$887$654$207
26 years$1,977$1,489$1,105$811$589$176
27 years$1,883$1,401$1,026$742$531$150
28 years$1,796$1,320$954$680$479$128
29 years$1,716$1,245$888$624$432$109
30 years$1,641$1,176$827$572$391$93
31 years$1,571$1,112$771$526$353$79
32 years$1,505$1,052$719$483$320$67
33 years$1,443$996$672$444$289$57
34 years$1,386$944$628$409$262$49
35 years$1,331$896$587$376$237$42
36 years$1,280$850$549$346$215$36
37 years$1,232$807$514$319$195$30
38 years$1,186$767$481$294$177$26
39 years$1,143$730$451$271$160$22
40 years$1,102$694$423$250$145$19
41 years$1,063$661$396$231$132$16
42 years$1,026$629$372$213$120$14
43 years$991$600$349$197$108$12
44 years$958$572$327$182$98$10
45 years$926$545$307$168$89$8
46 years$895$520$289$155$81$7
47 years$866$496$271$143$74$6
48 years$839$474$255$132$67$5
49 years$812$452$240$122$61$5
50 years$787$432$225$113$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $806,000, adding $6,196 every year, while hoping to spend $56,642 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: 32/45/23 Blend
53$806,000$806,000$806,000$806,000
54$894,603$851,885$839,392$916,734
55$925,586$833,361$807,245$915,433
56$957,831$812,031$772,123$908,505
57$991,406$787,697$733,866$899,886
58$1,026,387$760,151$692,307$889,466
59$1,062,851$729,172$647,273$877,126
60$1,100,886$694,525$598,581$862,744
61$1,140,584$655,964$546,040$846,190
62$1,182,045$613,227$489,453$827,328
63$1,225,375$566,037$428,612$806,017
64$1,270,692$514,102$363,300$782,108
65$1,318,122$457,113$293,290$755,447
66$1,367,802$394,742$218,346$725,870
67$1,419,878$326,645$138,221$693,210
68$1,474,511$252,456$52,657$657,288
69$1,531,877$171,792$0$617,922
70$1,592,162$84,244$0$584,404
71$1,655,575$0$0$561,457
72$1,722,337$0$0$541,265
73$1,792,692$0$0$563,993
74$1,866,906$0$0$588,016
75$1,945,267$0$0$613,434
76$2,028,092$0$0$640,356
77$2,115,723$0$0$668,901
78$2,208,537$0$0$699,200
79$2,306,944$0$0$731,394
80$2,411,392$0$0$765,639
81$2,522,371$0$0$802,107
82$2,640,419$0$0$840,983
83$2,766,121$0$0$882,471
84$2,900,121$0$0$926,796
85$3,043,123$0$0$974,203
86$3,195,897$0$0$1,024,961
87$3,359,289$0$0$1,079,366
88$3,534,226$0$0$1,137,740
89$3,721,723$0$0$1,200,439
90$3,922,895$0$0$1,267,853
91$4,138,966$0$0$1,340,409
92$4,371,278$0$0$1,418,578
93$4,621,306$0$0$1,502,876
94$4,890,667$0$0$1,593,870
95$5,181,140$0$0$1,692,183
96$5,494,677$0$0$1,798,500
97$5,833,424$0$0$1,913,573
98$6,199,740$0$0$2,038,229
99$6,596,216$0$0$2,173,379
100$7,025,701$0$0$2,320,022