Can I retire at age 54 with 808,000?

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 $808,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$66,724$66,130$65,550$64,984$64,431$63,208
2 years$33,032$32,416$31,820$31,242$30,681$29,454
3 years$21,802$21,185$20,590$20,017$19,466$18,272
4 years$16,189$15,573$14,984$14,421$13,883$12,732
5 years$12,822$12,209$11,628$11,077$10,554$9,449
6 years$10,577$9,970$9,397$8,858$8,351$7,294
7 years$8,975$8,373$7,809$7,283$6,791$5,782
8 years$7,774$7,177$6,623$6,109$5,634$4,673
9 years$6,840$6,249$5,704$5,204$4,745$3,830
10 years$6,094$5,508$4,973$4,486$4,043$3,174
11 years$5,483$4,903$4,378$3,904$3,477$2,654
12 years$4,975$4,401$3,886$3,424$3,013$2,234
13 years$4,545$3,977$3,472$3,023$2,627$1,891
14 years$4,177$3,615$3,119$2,684$2,303$1,608
15 years$3,858$3,303$2,816$2,393$2,028$1,373
16 years$3,580$3,030$2,553$2,143$1,792$1,176
17 years$3,334$2,791$2,323$1,925$1,589$1,009
18 years$3,116$2,579$2,121$1,735$1,413$869
19 years$2,921$2,390$1,942$1,568$1,259$749
20 years$2,746$2,221$1,782$1,420$1,125$647
21 years$2,588$2,069$1,639$1,289$1,007$560
22 years$2,444$1,931$1,511$1,172$902$484
23 years$2,313$1,806$1,395$1,067$810$420
24 years$2,193$1,692$1,290$973$728$364
25 years$2,083$1,588$1,195$889$655$316
26 years$1,982$1,492$1,108$813$590$275
27 years$1,888$1,404$1,029$744$532$239
28 years$1,801$1,323$957$682$480$208
29 years$1,720$1,249$890$625$433$181
30 years$1,645$1,179$829$574$392$157
31 years$1,574$1,115$773$527$354$137
32 years$1,509$1,055$721$484$320$119
33 years$1,447$999$673$445$290$104
34 years$1,389$947$629$410$262$91
35 years$1,335$898$588$377$238$79
36 years$1,283$852$550$347$215$69
37 years$1,235$809$515$320$195$60
38 years$1,189$769$482$295$177$52
39 years$1,146$731$452$272$160$46
40 years$1,105$696$424$251$146$40
41 years$1,066$662$397$231$132$35
42 years$1,029$631$373$214$120$30
43 years$994$601$350$197$109$26
44 years$960$573$328$182$99$23
45 years$928$546$308$168$90$20
46 years$898$521$289$155$81$18
47 years$869$497$272$143$74$15
48 years$841$475$255$133$67$13
49 years$814$453$240$123$61$12
50 years$789$433$226$113$55$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $808,000, adding $3,050 every year, while hoping to spend $23,588 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: 42/35/23 Blend
53$808,000$808,000$808,000$808,000
54$893,562$850,738$838,214$924,959
55$959,608$867,327$841,197$964,240
56$1,031,600$883,938$843,489$1,004,257
57$1,110,120$900,547$845,042$1,047,122
58$1,195,807$917,129$845,807$1,093,109
59$1,289,367$933,656$845,729$1,142,520
60$1,391,575$950,098$844,753$1,195,691
61$1,503,286$966,423$842,822$1,252,992
62$1,625,438$982,595$839,874$1,314,830
63$1,759,068$998,577$835,845$1,381,656
64$1,905,314$1,014,329$830,667$1,453,966
65$2,065,433$1,029,808$824,271$1,532,309
66$2,240,806$1,044,967$816,583$1,617,290
67$2,432,955$1,059,757$807,525$1,709,576
68$2,643,556$1,074,125$797,017$1,809,906
69$2,874,455$1,088,013$784,974$1,919,092
70$3,127,686$1,101,362$771,306$2,038,032
71$3,405,487$1,114,106$755,922$2,167,717
72$3,710,325$1,126,176$738,724$2,309,239
73$4,044,918$1,137,498$719,611$2,463,806
74$4,412,257$1,147,993$698,476$2,632,748
75$4,815,640$1,157,577$675,207$2,817,534
76$5,258,697$1,166,161$649,689$3,019,784
77$5,745,431$1,173,649$621,800$3,241,287
78$6,280,247$1,179,940$591,412$3,484,013
79$6,868,001$1,184,926$558,393$3,750,140
80$7,514,041$1,188,491$522,604$4,042,068
81$8,224,261$1,190,515$483,899$4,362,445
82$9,005,153$1,190,868$442,127$4,714,193
83$9,863,870$1,189,411$397,129$5,100,534
84$10,808,291$1,185,999$348,740$5,525,023
85$11,847,100$1,180,477$296,786$5,991,579
86$12,989,863$1,172,679$241,087$6,504,529
87$14,247,121$1,162,431$181,455$7,068,640
88$15,630,485$1,149,549$117,692$7,689,175
89$17,152,753$1,133,835$49,593$8,371,933
90$18,828,023$1,115,082$0$9,123,314
91$20,671,830$1,093,069$0$9,956,039
92$22,701,290$1,067,564$0$10,885,579
93$24,935,265$1,038,317$0$11,908,391
94$27,394,536$1,005,069$0$13,033,996
95$30,102,003$967,541$0$14,272,891
96$33,082,898$925,442$0$15,636,647
97$36,365,025$878,460$0$17,138,018
98$39,979,020$826,267$0$18,791,062
99$43,958,643$768,517$0$20,611,278
100$48,341,093$704,842$0$22,615,747