Can I retire at age 54 with 813,000?

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 $813,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$67,137$66,539$65,955$65,386$64,830$63,703
2 years$33,236$32,617$32,017$31,435$30,871$29,740
3 years$21,937$21,316$20,717$20,141$19,586$18,485
4 years$16,289$15,669$15,077$14,510$13,969$12,907
5 years$12,901$12,285$11,700$11,145$10,619$9,599
6 years$10,643$10,032$9,456$8,913$8,402$7,426
7 years$9,031$8,424$7,858$7,328$6,833$5,900
8 years$7,822$7,221$6,664$6,147$5,669$4,779
9 years$6,883$6,287$5,740$5,236$4,774$3,927
10 years$6,131$5,542$5,004$4,514$4,068$3,262
11 years$5,517$4,934$4,405$3,928$3,498$2,734
12 years$5,006$4,428$3,910$3,446$3,032$2,307
13 years$4,573$4,002$3,493$3,042$2,644$1,958
14 years$4,203$3,638$3,138$2,700$2,317$1,670
15 years$3,882$3,323$2,834$2,408$2,040$1,429
16 years$3,602$3,049$2,569$2,156$1,803$1,228
17 years$3,355$2,808$2,338$1,937$1,599$1,057
18 years$3,135$2,595$2,134$1,746$1,422$912
19 years$2,939$2,405$1,954$1,578$1,267$789
20 years$2,763$2,234$1,793$1,429$1,132$684
21 years$2,604$2,081$1,649$1,297$1,013$593
22 years$2,459$1,943$1,520$1,179$908$515
23 years$2,328$1,817$1,403$1,074$815$448
24 years$2,207$1,703$1,298$979$733$390
25 years$2,096$1,598$1,202$894$659$339
26 years$1,994$1,502$1,115$818$594$296
27 years$1,900$1,413$1,035$749$535$258
28 years$1,812$1,332$962$686$483$225
29 years$1,731$1,256$896$629$436$197
30 years$1,655$1,186$834$577$394$172
31 years$1,584$1,122$778$530$356$150
32 years$1,518$1,061$726$487$322$131
33 years$1,456$1,005$678$448$292$115
34 years$1,398$952$633$412$264$100
35 years$1,343$903$592$379$239$88
36 years$1,291$857$554$349$217$77
37 years$1,242$814$518$322$196$67
38 years$1,196$774$485$297$178$59
39 years$1,153$736$455$274$161$51
40 years$1,111$700$426$252$146$45
41 years$1,072$667$400$233$133$39
42 years$1,035$635$375$215$121$34
43 years$1,000$605$352$198$109$30
44 years$966$577$330$183$99$26
45 years$934$550$310$169$90$23
46 years$903$524$291$156$82$20
47 years$874$500$274$144$74$18
48 years$846$478$257$133$68$15
49 years$819$456$242$123$61$14
50 years$794$436$227$114$56$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $813,000, adding $2,838 every year, while hoping to spend $55,790 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: 74/13/13 Blend
53$813,000$813,000$813,000$813,000
54$898,853$855,764$843,163$962,728
55$931,176$838,337$812,049$987,900
56$964,926$818,185$778,022$1,008,264
57$1,000,190$795,118$740,927$1,029,057
58$1,037,061$768,930$700,600$1,050,307
59$1,075,641$739,407$656,870$1,072,044
60$1,116,039$706,321$609,558$1,094,301
61$1,158,375$669,430$558,477$1,117,120
62$1,202,776$628,479$503,433$1,140,542
63$1,249,383$583,199$444,222$1,164,619
64$1,298,347$533,303$380,631$1,189,407
65$1,349,834$478,490$312,438$1,214,970
66$1,404,023$418,442$239,410$1,241,379
67$1,461,109$352,821$161,306$1,268,716
68$1,521,305$281,272$77,873$1,297,072
69$1,584,843$203,419$0$1,326,549
70$1,651,975$118,865$0$1,358,811
71$1,722,977$27,189$0$1,404,066
72$1,798,149$0$0$1,451,687
73$1,877,822$0$0$1,512,184
74$1,962,353$0$0$1,580,515
75$2,052,136$0$0$1,653,109
76$2,147,600$0$0$1,730,316
77$2,249,214$0$0$1,812,519
78$2,357,494$0$0$1,900,137
79$2,473,003$0$0$1,993,628
80$2,596,358$0$0$2,093,495
81$2,728,234$0$0$2,200,288
82$2,869,374$0$0$2,314,612
83$3,020,590$0$0$2,437,129
84$3,182,774$0$0$2,568,564
85$3,356,905$0$0$2,709,717
86$3,544,056$0$0$2,861,460
87$3,745,406$0$0$3,024,754
88$3,962,249$0$0$3,200,654
89$4,196,007$0$0$3,390,319
90$4,448,240$0$0$3,595,020
91$4,720,665$0$0$3,816,155
92$5,015,167$0$0$4,055,262
93$5,333,816$0$0$4,314,027
94$5,678,892$0$0$4,594,309
95$6,052,898$0$0$4,898,147
96$6,458,588$0$0$5,227,785
97$6,898,989$0$0$5,585,693
98$7,377,432$0$0$5,974,585
99$7,897,581$0$0$6,397,447
100$8,463,467$0$0$6,857,564