Can I retire at age 54 with 812,000?

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 $812,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$67,054$66,457$65,874$65,305$64,750$64,261
2 years$33,195$32,577$31,978$31,397$30,833$30,341
3 years$21,910$21,289$20,692$20,116$19,562$19,080
4 years$16,269$15,650$15,058$14,493$13,952$13,485
5 years$12,885$12,270$11,686$11,132$10,606$10,156
6 years$10,630$10,019$9,444$8,902$8,392$7,959
7 years$9,020$8,414$7,848$7,319$6,825$6,409
8 years$7,812$7,212$6,656$6,140$5,662$5,263
9 years$6,874$6,280$5,733$5,230$4,768$4,386
10 years$6,124$5,535$4,998$4,508$4,063$3,697
11 years$5,510$4,928$4,400$3,923$3,494$3,145
12 years$5,000$4,423$3,905$3,441$3,028$2,695
13 years$4,568$3,997$3,489$3,038$2,640$2,324
14 years$4,198$3,633$3,135$2,697$2,315$2,013
15 years$3,877$3,319$2,830$2,405$2,038$1,752
16 years$3,597$3,045$2,566$2,154$1,801$1,530
17 years$3,351$2,804$2,335$1,935$1,597$1,340
18 years$3,132$2,591$2,131$1,744$1,420$1,176
19 years$2,936$2,402$1,951$1,576$1,266$1,035
20 years$2,760$2,232$1,791$1,427$1,131$913
21 years$2,601$2,079$1,647$1,295$1,012$806
22 years$2,456$1,940$1,518$1,178$907$713
23 years$2,325$1,815$1,402$1,072$814$632
24 years$2,204$1,700$1,296$978$732$560
25 years$2,093$1,596$1,201$893$658$497
26 years$1,991$1,500$1,114$817$593$441
27 years$1,897$1,411$1,034$748$535$392
28 years$1,810$1,330$961$685$482$349
29 years$1,729$1,255$895$628$436$311
30 years$1,653$1,185$833$576$394$277
31 years$1,582$1,120$777$529$356$247
32 years$1,516$1,060$725$487$322$220
33 years$1,454$1,004$677$447$291$196
34 years$1,396$951$632$412$264$175
35 years$1,341$902$591$379$239$156
36 years$1,290$856$553$349$216$139
37 years$1,241$813$518$322$196$124
38 years$1,195$773$485$296$178$111
39 years$1,151$735$454$273$161$99
40 years$1,110$699$426$252$146$89
41 years$1,071$666$399$233$133$79
42 years$1,034$634$374$215$120$71
43 years$998$604$351$198$109$63
44 years$965$576$330$183$99$56
45 years$933$549$310$169$90$50
46 years$902$524$291$156$82$45
47 years$873$500$273$144$74$40
48 years$845$477$257$133$67$36
49 years$818$456$241$123$61$32
50 years$793$435$227$114$56$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $812,000, adding $2,779 every year, while hoping to spend $54,287 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: 71/22/7 Blend
53$812,000$812,000$812,000$812,000
54$897,691$854,655$842,069$960,282
55$931,494$838,772$812,517$986,114
56$966,926$820,291$780,156$1,007,386
57$1,004,095$799,028$744,834$1,029,166
58$1,043,120$774,787$706,393$1,051,490
59$1,084,128$747,362$664,667$1,074,399
60$1,127,259$716,533$619,483$1,097,938
61$1,172,665$682,069$570,662$1,122,161
62$1,220,511$643,724$518,013$1,147,126
63$1,270,977$601,240$461,340$1,172,900
64$1,324,258$554,342$400,436$1,199,559
65$1,380,568$502,741$335,087$1,227,187
66$1,440,142$446,130$265,067$1,255,880
67$1,503,232$384,187$190,143$1,285,746
68$1,570,118$316,568$110,069$1,316,907
69$1,641,103$242,913$24,589$1,349,498
70$1,716,520$162,840$0$1,383,672
71$1,796,732$75,946$0$1,424,578
72$1,882,137$0$0$1,469,715
73$1,973,171$0$0$1,521,885
74$2,070,311$0$0$1,597,197
75$2,174,079$0$0$1,677,674
76$2,285,048$0$0$1,763,762
77$2,403,846$0$0$1,855,953
78$2,531,162$0$0$1,954,784
79$2,667,751$0$0$2,060,847
80$2,814,442$0$0$2,174,787
81$2,972,145$0$0$2,297,318
82$3,141,859$0$0$2,429,218
83$3,324,679$0$0$2,571,346
84$3,521,812$0$0$2,724,643
85$3,734,579$0$0$2,890,143
86$3,964,436$0$0$3,068,984
87$4,212,978$0$0$3,262,413
88$4,481,964$0$0$3,471,805
89$4,773,323$0$0$3,698,668
90$5,089,178$0$0$3,944,663
91$5,431,863$0$0$4,211,614
92$5,803,944$0$0$4,501,529
93$6,208,246$0$0$4,816,616
94$6,647,874$0$0$5,159,304
95$7,126,246$0$0$5,532,264
96$7,647,120$0$0$5,938,438
97$8,214,635$0$0$6,381,061
98$8,833,342$0$0$6,863,693
99$9,508,254$0$0$7,390,255
100$10,244,884$0$0$7,965,060