Can I retire at age 54 with 819,000?

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 $819,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$67,632$67,030$66,442$65,868$65,308$63,395
2 years$33,481$32,858$32,253$31,667$31,099$29,188
3 years$22,099$21,473$20,870$20,290$19,731$17,880
4 years$16,409$15,785$15,188$14,618$14,072$12,297
5 years$12,996$12,376$11,787$11,228$10,697$9,002
6 years$10,721$10,106$9,525$8,979$8,464$6,851
7 years$9,097$8,487$7,916$7,382$6,884$5,352
8 years$7,880$7,275$6,713$6,193$5,711$4,260
9 years$6,933$6,334$5,782$5,275$4,809$3,438
10 years$6,177$5,583$5,041$4,547$4,098$2,803
11 years$5,558$4,970$4,438$3,957$3,524$2,305
12 years$5,043$4,461$3,938$3,471$3,054$1,908
13 years$4,607$4,031$3,519$3,064$2,663$1,587
14 years$4,234$3,664$3,162$2,720$2,335$1,326
15 years$3,911$3,348$2,855$2,426$2,055$1,111
16 years$3,628$3,071$2,588$2,172$1,817$934
17 years$3,380$2,829$2,355$1,952$1,611$787
18 years$3,159$2,614$2,150$1,759$1,432$665
19 years$2,961$2,422$1,968$1,589$1,277$562
20 years$2,784$2,251$1,806$1,439$1,140$476
21 years$2,623$2,097$1,661$1,306$1,020$404
22 years$2,477$1,957$1,531$1,188$915$342
23 years$2,345$1,831$1,414$1,082$821$291
24 years$2,223$1,715$1,308$987$738$247
25 years$2,112$1,610$1,211$901$664$210
26 years$2,009$1,513$1,123$824$598$179
27 years$1,914$1,424$1,043$754$539$152
28 years$1,825$1,341$970$691$487$130
29 years$1,743$1,266$902$634$439$110
30 years$1,667$1,195$840$581$397$94
31 years$1,596$1,130$783$534$359$80
32 years$1,529$1,069$731$491$325$68
33 years$1,467$1,012$683$451$294$58
34 years$1,408$960$638$415$266$50
35 years$1,353$910$596$382$241$42
36 years$1,301$864$558$352$218$36
37 years$1,252$820$522$324$198$31
38 years$1,205$780$489$299$179$26
39 years$1,161$741$458$276$163$22
40 years$1,120$705$429$254$148$19
41 years$1,080$671$403$235$134$16
42 years$1,043$639$378$216$121$14
43 years$1,007$609$354$200$110$12
44 years$973$581$333$185$100$10
45 years$941$554$312$170$91$9
46 years$910$528$293$157$82$7
47 years$880$504$276$145$75$6
48 years$852$481$259$134$68$5
49 years$825$460$243$124$62$5
50 years$800$439$229$115$56$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $819,000, adding $3,197 every year, while hoping to spend $32,394 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: 80/14/6 Blend
53$819,000$819,000$819,000$819,000
54$905,836$862,429$849,734$977,635
55$963,764$870,221$843,733$1,032,893
56$1,026,515$877,309$836,446$1,088,902
57$1,094,547$883,624$827,794$1,149,371
58$1,168,363$889,094$817,697$1,214,729
59$1,248,517$893,641$806,071$1,285,447
60$1,335,617$897,180$792,826$1,362,044
61$1,430,334$899,626$777,869$1,445,093
62$1,533,404$900,884$761,104$1,535,223
63$1,645,638$900,854$742,428$1,633,128
64$1,767,929$899,431$721,735$1,739,573
65$1,901,258$896,504$698,913$1,855,401
66$2,046,706$891,952$673,846$1,981,539
67$2,205,462$885,651$646,413$2,119,011
68$2,378,837$877,465$616,485$2,268,942
69$2,568,271$867,253$583,930$2,432,576
70$2,775,351$854,865$548,608$2,611,280
71$3,001,825$840,141$510,374$2,806,562
72$3,249,615$822,913$469,076$3,020,084
73$3,520,841$803,000$424,555$3,253,678
74$3,817,834$780,215$376,645$3,509,362
75$4,143,164$754,356$325,173$3,789,360
76$4,499,658$725,211$269,958$4,096,124
77$4,890,432$692,555$210,811$4,432,355
78$5,318,918$656,151$147,534$4,801,032
79$5,788,893$615,748$79,922$5,205,437
80$6,304,520$571,080$7,760$5,649,185
81$6,870,383$521,865$0$6,136,265
82$7,491,533$467,808$0$6,675,504
83$8,173,532$408,593$0$7,268,129
84$8,922,507$343,889$0$7,918,997
85$9,745,209$273,346$0$8,634,007
86$10,649,074$196,593$0$9,419,661
87$11,642,294$113,240$0$10,283,123
88$12,733,892$22,874$0$11,232,288
89$13,933,813$0$0$12,275,859
90$15,253,008$0$0$13,434,969
91$16,703,548$0$0$14,713,384
92$18,298,726$0$0$16,119,300
93$20,053,192$0$0$17,665,632
94$21,983,085$0$0$19,366,609
95$24,106,188$0$0$21,237,906
96$26,442,094$0$0$23,296,796
97$29,012,390$0$0$25,562,310
98$31,840,862$0$0$28,055,418
99$34,953,719$0$0$30,799,225
100$38,379,837$0$0$33,819,187