Can I retire at age 54 with 811,000?

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 $811,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$66,972$66,375$65,793$65,225$64,670$62,675
2 years$33,154$32,537$31,938$31,358$30,795$28,803
3 years$21,883$21,263$20,666$20,091$19,538$17,611
4 years$16,249$15,631$15,040$14,475$13,935$12,087
5 years$12,869$12,255$11,671$11,118$10,593$8,830
6 years$10,617$10,007$9,432$8,891$8,382$6,705
7 years$9,008$8,404$7,838$7,310$6,817$5,226
8 years$7,803$7,204$6,647$6,132$5,655$4,150
9 years$6,866$6,272$5,725$5,223$4,762$3,341
10 years$6,116$5,528$4,992$4,502$4,058$2,718
11 years$5,504$4,922$4,395$3,918$3,490$2,229
12 years$4,993$4,417$3,900$3,437$3,024$1,840
13 years$4,562$3,992$3,484$3,034$2,637$1,526
14 years$4,193$3,629$3,131$2,694$2,312$1,271
15 years$3,873$3,315$2,827$2,402$2,035$1,063
16 years$3,593$3,041$2,563$2,151$1,799$891
17 years$3,347$2,801$2,332$1,933$1,595$749
18 years$3,128$2,588$2,129$1,742$1,418$630
19 years$2,932$2,399$1,949$1,574$1,264$531
20 years$2,756$2,229$1,789$1,425$1,129$449
21 years$2,597$2,076$1,645$1,294$1,010$379
22 years$2,453$1,938$1,516$1,176$906$321
23 years$2,322$1,813$1,400$1,071$813$272
24 years$2,201$1,698$1,295$977$731$230
25 years$2,091$1,594$1,199$892$658$195
26 years$1,989$1,498$1,112$816$592$165
27 years$1,895$1,410$1,033$747$534$140
28 years$1,808$1,328$960$684$482$119
29 years$1,726$1,253$893$627$435$101
30 years$1,651$1,183$832$576$393$86
31 years$1,580$1,119$776$529$355$73
32 years$1,514$1,059$724$486$322$62
33 years$1,452$1,003$676$447$291$53
34 years$1,394$950$632$411$263$45
35 years$1,340$901$590$379$239$38
36 years$1,288$855$552$349$216$32
37 years$1,239$812$517$321$196$27
38 years$1,193$772$484$296$178$23
39 years$1,150$734$454$273$161$20
40 years$1,109$698$425$252$146$17
41 years$1,070$665$399$232$133$14
42 years$1,033$633$374$214$120$12
43 years$997$603$351$198$109$10
44 years$964$575$329$183$99$9
45 years$932$548$309$169$90$7
46 years$901$523$290$156$82$6
47 years$872$499$273$144$74$5
48 years$844$477$256$133$67$5
49 years$817$455$241$123$61$4
50 years$792$435$227$114$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $811,000, adding $2,618 every year, while hoping to spend $43,647 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: 45/44/11 Blend
53$811,000$811,000$811,000$811,000
54$896,422$853,439$840,869$933,851
55$941,417$848,818$822,598$955,450
56$989,539$842,507$802,252$974,192
57$1,041,060$834,378$779,716$993,535
58$1,096,280$824,294$754,868$1,013,550
59$1,155,527$812,111$727,582$1,034,319
60$1,219,161$797,674$697,726$1,055,935
61$1,287,577$780,822$665,162$1,078,504
62$1,361,209$761,382$629,744$1,102,145
63$1,440,535$739,172$591,323$1,126,993
64$1,526,077$713,999$549,740$1,153,200
65$1,618,410$685,659$504,830$1,180,939
66$1,718,167$653,935$456,420$1,210,404
67$1,826,041$618,598$404,331$1,241,814
68$1,942,796$579,409$348,375$1,275,414
69$2,069,271$536,109$288,355$1,311,480
70$2,206,387$488,429$224,066$1,350,321
71$2,355,161$436,084$155,294$1,392,285
72$2,516,706$378,771$81,816$1,437,759
73$2,692,251$316,172$3,397$1,487,180
74$2,883,144$247,948$0$1,541,032
75$3,090,872$173,745$0$1,609,284
76$3,317,068$93,185$0$1,684,155
77$3,563,530$5,872$0$1,765,956
78$3,832,237$0$0$1,855,474
79$4,125,366$0$0$1,996,489
80$4,445,316$0$0$2,153,600
81$4,794,724$0$0$2,325,270
82$5,176,495$0$0$2,512,939
83$5,593,827$0$0$2,718,190
84$6,050,241$0$0$2,942,768
85$6,549,613$0$0$3,188,594
86$7,096,212$0$0$3,457,783
87$7,694,738$0$0$3,752,663
88$8,350,367$0$0$4,075,800
89$9,068,799$0$0$4,430,018
90$9,856,313$0$0$4,818,430
91$10,719,821$0$0$5,244,460
92$11,666,939$0$0$5,711,884
93$12,706,055$0$0$6,224,858
94$13,846,407$0$0$6,787,962
95$15,098,171$0$0$7,406,240
96$16,472,558$0$0$8,085,249
97$17,981,914$0$0$8,831,109
98$19,639,843$0$0$9,650,563
99$21,461,330$0$0$10,551,040
100$23,462,883$0$0$11,540,723