Can I retire at age 54 with 809,000?

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 $809,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$66,806$66,211$65,631$65,064$64,511$62,697
2 years$33,073$32,457$31,860$31,281$30,719$28,906
3 years$21,829$21,211$20,615$20,042$19,490$17,733
4 years$16,209$15,592$15,003$14,439$13,900$12,214
5 years$12,837$12,224$11,643$11,091$10,567$8,956
6 years$10,591$9,982$9,409$8,869$8,361$6,827
7 years$8,986$8,383$7,819$7,292$6,800$5,342
8 years$7,784$7,186$6,631$6,117$5,641$4,260
9 years$6,849$6,257$5,711$5,210$4,751$3,444
10 years$6,101$5,515$4,979$4,491$4,048$2,814
11 years$5,490$4,910$4,384$3,909$3,481$2,318
12 years$4,981$4,407$3,890$3,429$3,017$1,922
13 years$4,551$3,982$3,476$3,027$2,631$1,602
14 years$4,182$3,620$3,123$2,687$2,306$1,341
15 years$3,863$3,307$2,820$2,396$2,030$1,127
16 years$3,584$3,034$2,556$2,146$1,794$949
17 years$3,338$2,794$2,326$1,928$1,591$802
18 years$3,120$2,582$2,124$1,737$1,415$678
19 years$2,925$2,393$1,944$1,570$1,261$575
20 years$2,750$2,223$1,784$1,422$1,126$488
21 years$2,591$2,071$1,641$1,290$1,008$415
22 years$2,447$1,933$1,512$1,173$903$353
23 years$2,316$1,808$1,397$1,068$811$300
24 years$2,196$1,694$1,292$975$729$256
25 years$2,086$1,590$1,196$890$656$218
26 years$1,984$1,494$1,109$814$591$186
27 years$1,890$1,406$1,030$745$533$159
28 years$1,803$1,325$958$682$481$135
29 years$1,722$1,250$891$626$434$116
30 years$1,647$1,181$830$574$392$99
31 years$1,576$1,116$774$527$355$84
32 years$1,511$1,056$722$485$321$72
33 years$1,449$1,000$674$446$290$62
34 years$1,391$948$630$410$263$53
35 years$1,336$899$589$378$238$45
36 years$1,285$853$551$348$216$38
37 years$1,236$810$516$320$195$33
38 years$1,191$770$483$295$177$28
39 years$1,147$732$452$272$161$24
40 years$1,106$697$424$251$146$21
41 years$1,067$663$398$232$132$18
42 years$1,030$632$373$214$120$15
43 years$995$602$350$197$109$13
44 years$961$574$329$182$99$11
45 years$929$547$308$168$90$9
46 years$899$522$290$155$81$8
47 years$870$498$272$144$74$7
48 years$842$475$256$133$67$6
49 years$815$454$240$123$61$5
50 years$790$434$226$113$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $809,000, adding $5,248 every year, while hoping to spend $30,848 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: 50/26/24 Blend
53$809,000$809,000$809,000$809,000
54$896,931$854,054$841,515$935,485
55$955,596$863,081$836,884$971,867
56$1,019,211$871,516$831,063$1,007,850
57$1,088,248$879,298$823,981$1,046,332
58$1,163,227$886,361$815,562$1,087,562
59$1,244,719$892,636$805,727$1,131,817
60$1,333,353$898,047$794,391$1,179,403
61$1,429,820$902,516$781,468$1,230,656
62$1,534,881$905,960$766,867$1,285,952
63$1,649,375$908,287$750,492$1,345,703
64$1,774,221$909,403$732,244$1,410,366
65$1,910,435$909,207$712,017$1,480,448
66$2,059,132$907,592$689,703$1,556,506
67$2,221,543$904,443$665,188$1,639,159
68$2,399,020$899,640$638,350$1,729,090
69$2,593,052$893,054$609,067$1,827,053
70$2,805,279$884,549$577,207$1,933,883
71$3,037,507$873,982$542,633$2,050,500
72$3,291,724$861,198$505,202$2,177,925
73$3,570,119$846,037$464,766$2,317,282
74$3,875,104$828,325$421,169$2,469,814
75$4,209,334$807,882$374,247$2,636,894
76$4,575,733$784,515$323,831$2,820,039
77$4,977,521$758,020$269,743$3,020,924
78$5,418,246$728,181$211,797$3,241,400
79$5,901,815$694,770$149,800$3,483,508
80$6,432,532$657,545$83,550$3,749,504
81$7,015,137$616,252$12,836$4,041,878
82$7,654,853$570,619$0$4,363,379
83$8,357,430$520,362$0$4,733,081
84$9,129,206$465,178$0$5,142,845
85$9,977,163$404,749$0$5,593,139
86$10,908,989$338,738$0$6,088,109
87$11,933,157$266,787$0$6,632,326
88$13,059,002$188,522$0$7,230,828
89$14,296,805$103,545$0$7,889,174
90$15,657,897$11,436$0$8,613,491
91$17,154,758$0$0$9,410,534
92$18,801,142$0$0$10,313,002
93$20,612,200$0$0$11,309,432
94$22,604,626$0$0$12,405,750
95$24,796,813$0$0$13,612,090
96$27,209,029$0$0$14,939,616
97$29,863,604$0$0$16,400,631
98$32,785,142$0$0$18,008,691
99$36,000,754$0$0$19,778,731
100$39,540,311$0$0$21,727,210