Can I retire at age 54 with 815,000?

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 $815,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$67,302$66,702$66,118$65,547$64,989$62,683
2 years$33,318$32,697$32,096$31,513$30,947$28,649
3 years$21,991$21,368$20,768$20,191$19,634$17,415
4 years$16,329$15,708$15,114$14,546$14,003$11,881
5 years$12,933$12,315$11,729$11,173$10,645$8,625
6 years$10,669$10,056$9,479$8,935$8,423$6,506
7 years$9,053$8,445$7,877$7,346$6,850$5,037
8 years$7,841$7,239$6,680$6,162$5,683$3,971
9 years$6,899$6,303$5,754$5,249$4,786$3,173
10 years$6,146$5,556$5,016$4,525$4,078$2,562
11 years$5,531$4,946$4,416$3,938$3,507$2,085
12 years$5,018$4,439$3,919$3,454$3,039$1,707
13 years$4,584$4,012$3,502$3,049$2,650$1,405
14 years$4,213$3,647$3,146$2,707$2,323$1,161
15 years$3,892$3,331$2,841$2,414$2,045$962
16 years$3,611$3,056$2,575$2,162$1,808$799
17 years$3,363$2,815$2,344$1,942$1,603$666
18 years$3,143$2,601$2,139$1,750$1,425$555
19 years$2,947$2,411$1,958$1,581$1,270$464
20 years$2,770$2,240$1,797$1,432$1,135$388
21 years$2,610$2,086$1,653$1,300$1,015$325
22 years$2,465$1,948$1,524$1,182$910$272
23 years$2,333$1,822$1,407$1,076$817$228
24 years$2,212$1,707$1,301$982$734$192
25 years$2,101$1,602$1,205$897$661$161
26 years$1,999$1,505$1,118$820$595$135
27 years$1,904$1,417$1,038$750$537$114
28 years$1,816$1,335$965$688$484$95
29 years$1,735$1,259$898$630$437$80
30 years$1,659$1,189$836$579$395$67
31 years$1,588$1,124$780$531$357$57
32 years$1,522$1,064$727$488$323$48
33 years$1,460$1,007$679$449$292$40
34 years$1,401$955$635$413$265$34
35 years$1,346$906$593$380$240$28
36 years$1,294$860$555$350$217$24
37 years$1,246$816$520$323$197$20
38 years$1,199$776$487$298$179$17
39 years$1,156$738$456$274$162$14
40 years$1,114$702$427$253$147$12
41 years$1,075$668$401$233$133$10
42 years$1,038$636$376$215$121$8
43 years$1,002$606$353$199$110$7
44 years$968$578$331$184$100$6
45 years$936$551$311$170$90$5
46 years$905$526$292$157$82$4
47 years$876$502$274$145$75$4
48 years$848$479$258$134$68$3
49 years$821$457$242$124$61$3
50 years$796$437$228$114$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $815,000, adding $2,866 every year, while hoping to spend $37,758 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: 49/24/27 Blend
53$815,000$815,000$815,000$815,000
54$901,086$857,891$845,259$938,207
55$952,823$859,754$833,401$966,357
56$1,008,571$860,442$819,880$992,950
57$1,068,700$859,859$804,601$1,021,100
58$1,133,616$857,900$787,463$1,050,974
59$1,203,765$854,457$768,363$1,082,754
60$1,279,636$849,412$747,190$1,116,646
61$1,361,768$842,643$723,830$1,152,878
62$1,450,753$834,017$698,163$1,191,702
63$1,547,242$823,396$670,065$1,233,401
64$1,651,952$810,633$639,402$1,278,287
65$1,765,668$795,572$606,040$1,326,709
66$1,889,259$778,047$569,835$1,379,052
67$2,023,675$757,884$530,636$1,435,746
68$2,169,966$734,896$488,289$1,497,266
69$2,329,285$708,888$442,628$1,564,140
70$2,502,900$679,652$393,485$1,636,954
71$2,692,210$646,969$340,680$1,716,356
72$2,898,750$610,605$284,028$1,803,068
73$3,124,213$570,316$223,334$1,897,885
74$3,370,462$525,840$158,395$2,001,693
75$3,639,548$476,905$88,999$2,115,471
76$3,933,726$423,218$14,925$2,240,302
77$4,255,484$364,473$0$2,377,387
78$4,607,557$300,346$0$2,546,530
79$4,992,960$230,495$0$2,736,516
80$5,415,009$154,557$0$2,944,741
81$5,877,360$72,150$0$3,173,082
82$6,384,036$0$0$3,423,609
83$6,939,469$0$0$3,703,133
84$7,548,541$0$0$4,030,632
85$8,216,627$0$0$4,389,954
86$8,949,649$0$0$4,784,296
87$9,754,130$0$0$5,217,177
88$10,637,254$0$0$5,692,475
89$11,606,935$0$0$6,214,464
90$12,671,890$0$0$6,787,847
91$13,841,725$0$0$7,417,811
92$15,127,017$0$0$8,110,065
93$16,539,422$0$0$8,870,901
94$18,091,781$0$0$9,707,252
95$19,798,238$0$0$10,626,753
96$21,674,378$0$0$11,637,819
97$23,737,371$0$0$12,749,717
98$26,006,134$0$0$13,972,662
99$28,501,508$0$0$15,317,906
100$31,246,457$0$0$16,797,845