Can I retire at age 54 with 810,000?

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 $810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$66,889$66,293$65,712$65,145$64,591$62,674
2 years$33,113$32,497$31,899$31,319$30,757$28,842
3 years$21,856$21,237$20,641$20,067$19,514$17,660
4 years$16,229$15,611$15,021$14,457$13,917$12,139
5 years$12,853$12,240$11,657$11,104$10,580$8,882
6 years$10,604$9,994$9,421$8,880$8,371$6,756
7 years$8,997$8,393$7,829$7,301$6,808$5,275
8 years$7,793$7,195$6,639$6,125$5,648$4,196
9 years$6,857$6,264$5,718$5,217$4,756$3,384
10 years$6,109$5,522$4,985$4,497$4,053$2,758
11 years$5,497$4,916$4,389$3,914$3,486$2,266
12 years$4,987$4,412$3,895$3,433$3,020$1,874
13 years$4,556$3,987$3,480$3,031$2,634$1,558
14 years$4,187$3,624$3,127$2,690$2,309$1,301
15 years$3,868$3,311$2,823$2,399$2,033$1,090
16 years$3,589$3,038$2,560$2,148$1,797$915
17 years$3,342$2,797$2,329$1,930$1,593$771
18 years$3,124$2,585$2,126$1,739$1,416$650
19 years$2,929$2,396$1,946$1,572$1,263$549
20 years$2,753$2,226$1,786$1,424$1,128$465
21 years$2,594$2,074$1,643$1,292$1,009$394
22 years$2,450$1,936$1,514$1,175$905$334
23 years$2,319$1,810$1,398$1,070$812$283
24 years$2,199$1,696$1,293$976$730$241
25 years$2,088$1,592$1,198$891$657$205
26 years$1,987$1,496$1,111$815$592$174
27 years$1,892$1,408$1,031$746$533$148
28 years$1,805$1,327$959$683$481$126
29 years$1,724$1,252$892$627$435$107
30 years$1,649$1,182$831$575$393$91
31 years$1,578$1,117$775$528$355$78
32 years$1,512$1,057$723$485$321$66
33 years$1,451$1,001$675$446$291$56
34 years$1,393$949$631$411$263$48
35 years$1,338$900$590$378$238$41
36 years$1,286$854$552$348$216$35
37 years$1,238$811$516$321$196$30
38 years$1,192$771$484$296$177$25
39 years$1,149$733$453$273$161$22
40 years$1,107$698$425$251$146$18
41 years$1,068$664$398$232$132$16
42 years$1,031$632$373$214$120$13
43 years$996$603$350$198$109$11
44 years$962$574$329$183$99$10
45 years$930$548$309$169$90$8
46 years$900$523$290$156$82$7
47 years$871$499$273$144$74$6
48 years$843$476$256$133$67$5
49 years$816$455$241$123$61$4
50 years$791$434$226$114$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $810,000, adding $5,831 every year, while hoping to spend $57,347 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: 69/23/8 Blend
53$810,000$810,000$810,000$810,000
54$898,635$855,705$843,150$958,964
55$929,279$836,617$810,378$980,603
56$961,126$814,673$774,587$996,728
57$994,240$789,671$735,615$1,012,819
58$1,028,686$761,398$693,291$1,028,863
59$1,064,536$729,631$647,441$1,044,845
60$1,101,867$694,131$597,878$1,060,752
61$1,140,761$654,647$544,411$1,076,569
62$1,181,308$610,914$486,838$1,092,283
63$1,223,602$562,649$424,947$1,107,882
64$1,267,746$509,556$358,520$1,123,354
65$1,313,853$451,321$287,327$1,138,691
66$1,362,042$387,611$211,128$1,153,882
67$1,412,442$318,076$129,673$1,168,922
68$1,465,195$242,346$42,701$1,183,807
69$1,520,452$160,028$0$1,198,535
70$1,578,378$70,709$0$1,217,387
71$1,639,152$0$0$1,240,259
72$1,702,968$0$0$1,270,131
73$1,770,036$0$0$1,320,349
74$1,840,587$0$0$1,373,189
75$1,914,869$0$0$1,428,842
76$1,993,154$0$0$1,487,512
77$2,075,738$0$0$1,549,423
78$2,162,943$0$0$1,614,821
79$2,255,120$0$0$1,683,970
80$2,352,653$0$0$1,757,163
81$2,455,961$0$0$1,834,717
82$2,565,502$0$0$1,916,978
83$2,681,775$0$0$2,004,326
84$2,805,328$0$0$2,097,175
85$2,936,759$0$0$2,195,980
86$3,076,722$0$0$2,301,238
87$3,225,935$0$0$2,413,492
88$3,385,181$0$0$2,533,337
89$3,555,323$0$0$2,661,428
90$3,737,301$0$0$2,798,478
91$3,932,151$0$0$2,945,275
92$4,141,005$0$0$3,102,676
93$4,365,107$0$0$3,271,628
94$4,605,822$0$0$3,453,166
95$4,864,646$0$0$3,648,427
96$5,143,226$0$0$3,858,661
97$5,443,366$0$0$4,085,239
98$5,767,049$0$0$4,329,667
99$6,116,454$0$0$4,593,600
100$6,493,976$0$0$4,878,857