Can I retire at age 54 with 818,000?

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 $818,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$67,550$66,948$66,361$65,788$65,228$64,494
2 years$33,440$32,818$32,214$31,629$31,061$30,321
3 years$22,072$21,447$20,845$20,265$19,706$18,985
4 years$16,389$15,766$15,170$14,600$14,055$13,357
5 years$12,980$12,360$11,772$11,214$10,684$10,012
6 years$10,708$10,093$9,514$8,968$8,454$7,808
7 years$9,086$8,476$7,906$7,373$6,875$6,256
8 years$7,870$7,266$6,705$6,185$5,704$5,111
9 years$6,925$6,326$5,775$5,268$4,803$4,237
10 years$6,169$5,576$5,035$4,541$4,093$3,553
11 years$5,551$4,964$4,432$3,952$3,520$3,005
12 years$5,036$4,456$3,934$3,467$3,050$2,561
13 years$4,601$4,027$3,514$3,061$2,660$2,195
14 years$4,229$3,660$3,158$2,717$2,332$1,891
15 years$3,906$3,343$2,851$2,423$2,053$1,635
16 years$3,624$3,068$2,585$2,169$1,814$1,419
17 years$3,375$2,825$2,352$1,949$1,609$1,235
18 years$3,155$2,611$2,147$1,757$1,430$1,077
19 years$2,957$2,419$1,966$1,587$1,275$942
20 years$2,780$2,248$1,804$1,438$1,139$825
21 years$2,620$2,094$1,659$1,305$1,019$724
22 years$2,474$1,955$1,529$1,186$914$636
23 years$2,342$1,828$1,412$1,080$820$559
24 years$2,220$1,713$1,306$985$737$493
25 years$2,109$1,608$1,210$900$663$434
26 years$2,006$1,511$1,122$823$597$383
27 years$1,911$1,422$1,042$753$539$338
28 years$1,823$1,340$968$690$486$299
29 years$1,741$1,264$901$633$439$264
30 years$1,665$1,194$839$581$397$233
31 years$1,594$1,128$783$533$359$206
32 years$1,527$1,068$730$490$324$183
33 years$1,465$1,011$682$451$293$162
34 years$1,406$958$637$415$266$143
35 years$1,351$909$596$382$241$127
36 years$1,299$863$557$352$218$112
37 years$1,250$819$521$324$198$99
38 years$1,204$779$488$299$179$88
39 years$1,160$741$457$275$162$78
40 years$1,118$705$429$254$147$69
41 years$1,079$671$402$234$134$61
42 years$1,041$639$377$216$121$54
43 years$1,006$609$354$200$110$48
44 years$972$580$332$184$100$43
45 years$940$553$312$170$91$38
46 years$909$528$293$157$82$34
47 years$879$504$275$145$75$30
48 years$851$481$259$134$68$26
49 years$824$459$243$124$62$23
50 years$799$439$229$115$56$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $818,000, adding $4,298 every year, while hoping to spend $50,429 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: 74/7/19 Blend
53$818,000$818,000$818,000$818,000
54$905,869$862,515$849,836$968,553
55$944,612$851,123$824,650$999,318
56$985,616$837,481$796,929$1,026,455
57$1,029,059$821,428$766,537$1,054,884
58$1,075,136$802,790$733,328$1,084,722
59$1,124,056$781,384$697,151$1,116,099
60$1,176,054$757,016$657,850$1,149,158
61$1,231,381$729,479$615,258$1,184,059
62$1,290,316$698,558$569,203$1,220,979
63$1,353,163$664,022$519,505$1,260,113
64$1,420,253$625,627$465,977$1,301,678
65$1,491,953$583,116$408,421$1,345,915
66$1,568,661$536,218$346,632$1,393,088
67$1,650,816$484,644$280,396$1,443,493
68$1,738,899$428,091$209,488$1,497,456
69$1,833,436$366,237$133,676$1,555,336
70$1,935,008$298,744$52,715$1,617,534
71$2,044,248$225,252$0$1,684,491
72$2,161,855$145,382$0$1,763,526
73$2,288,593$58,736$0$1,860,198
74$2,425,306$0$0$1,964,465
75$2,572,916$0$0$2,079,752
76$2,732,440$0$0$2,209,261
77$2,904,994$0$0$2,349,377
78$3,091,804$0$0$2,501,099
79$3,294,219$0$0$2,665,529
80$3,513,723$0$0$2,843,873
81$3,751,947$0$0$3,037,463
82$4,010,684$0$0$3,247,759
83$4,291,907$0$0$3,476,370
84$4,597,787$0$0$3,725,066
85$4,930,712$0$0$3,995,793
86$5,293,310$0$0$4,290,694
87$5,688,472$0$0$4,612,125
88$6,119,381$0$0$4,962,682
89$6,589,540$0$0$5,345,218
90$7,102,803$0$0$5,762,879
91$7,663,414$0$0$6,219,123
92$8,276,046$0$0$6,717,760
93$8,945,842$0$0$7,262,982
94$9,678,464$0$0$7,859,407
95$10,480,149$0$0$8,512,120
96$11,357,761$0$0$9,226,717
97$12,318,862$0$0$10,009,363
98$13,371,777$0$0$10,866,847
99$14,525,677$0$0$11,806,645
100$15,790,658$0$0$12,836,992