Can I retire at age 54 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$67,715$67,112$66,523$65,949$65,388$64,921
2 years$33,522$32,898$32,293$31,706$31,137$30,667
3 years$22,126$21,499$20,896$20,314$19,755$19,295
4 years$16,429$15,804$15,207$14,635$14,089$13,644
5 years$13,012$12,391$11,801$11,241$10,710$10,280
6 years$10,735$10,118$9,537$8,990$8,475$8,061
7 years$9,108$8,497$7,925$7,391$6,892$6,495
8 years$7,889$7,283$6,721$6,200$5,718$5,336
9 years$6,942$6,342$5,789$5,281$4,815$4,450
10 years$6,184$5,590$5,047$4,552$4,103$3,754
11 years$5,565$4,976$4,443$3,962$3,529$3,195
12 years$5,049$4,466$3,943$3,475$3,058$2,740
13 years$4,613$4,036$3,523$3,068$2,666$2,363
14 years$4,239$3,669$3,165$2,723$2,337$2,049
15 years$3,916$3,352$2,858$2,429$2,058$1,784
16 years$3,633$3,075$2,591$2,175$1,819$1,559
17 years$3,384$2,832$2,358$1,954$1,613$1,366
18 years$3,162$2,617$2,152$1,761$1,434$1,200
19 years$2,965$2,425$1,970$1,591$1,278$1,057
20 years$2,787$2,254$1,808$1,441$1,142$933
21 years$2,626$2,099$1,663$1,308$1,022$825
22 years$2,480$1,960$1,533$1,189$916$730
23 years$2,348$1,833$1,416$1,083$822$647
24 years$2,226$1,717$1,309$988$739$574
25 years$2,114$1,611$1,212$902$665$510
26 years$2,011$1,515$1,125$825$599$453
27 years$1,916$1,425$1,044$755$540$403
28 years$1,828$1,343$971$692$487$359
29 years$1,746$1,267$903$634$440$320
30 years$1,669$1,197$841$582$398$285
31 years$1,598$1,131$784$535$359$254
32 years$1,531$1,070$732$491$325$227
33 years$1,468$1,014$683$452$294$202
34 years$1,410$961$639$416$266$181
35 years$1,354$911$597$383$241$161
36 years$1,302$865$558$352$219$144
37 years$1,253$821$523$325$198$129
38 years$1,207$781$489$299$180$115
39 years$1,163$742$459$276$163$103
40 years$1,121$706$430$255$148$92
41 years$1,082$672$403$235$134$82
42 years$1,044$640$378$217$122$74
43 years$1,008$610$355$200$110$66
44 years$974$581$333$185$100$59
45 years$942$555$313$171$91$53
46 years$911$529$294$158$83$47
47 years$882$505$276$146$75$42
48 years$853$482$259$135$68$38
49 years$826$460$244$124$62$34
50 years$801$440$229$115$56$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $820,000, adding $6,848 every year, while hoping to spend $49,555 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: 60/25/15 Blend
53$820,000$820,000$820,000$820,000
54$910,704$867,244$854,534$961,512
55$950,869$857,013$830,434$986,342
56$993,471$844,619$803,867$1,007,272
57$1,038,705$829,905$774,696$1,028,934
58$1,086,785$812,703$742,781$1,051,405
59$1,137,947$792,836$707,974$1,074,770
60$1,192,448$770,114$670,121$1,099,126
61$1,250,567$744,340$629,060$1,124,582
62$1,312,615$715,302$584,623$1,151,261
63$1,378,927$682,778$536,634$1,179,300
64$1,449,875$646,531$484,909$1,208,853
65$1,525,864$606,313$429,255$1,240,095
66$1,607,340$561,859$369,472$1,273,218
67$1,694,789$512,891$305,350$1,308,440
68$1,788,749$459,114$236,670$1,346,005
69$1,889,806$400,216$163,204$1,386,185
70$1,998,608$335,868$84,713$1,429,283
71$2,115,863$265,723$948$1,475,638
72$2,242,350$189,412$0$1,525,629
73$2,378,925$106,548$0$1,593,834
74$2,526,527$16,721$0$1,667,649
75$2,686,192$0$0$1,747,493
76$2,859,053$0$0$1,856,143
77$3,046,361$0$0$1,978,912
78$3,249,488$0$0$2,112,106
79$3,469,945$0$0$2,256,724
80$3,709,392$0$0$2,413,862
81$3,969,657$0$0$2,584,727
82$4,252,748$0$0$2,770,647
83$4,560,878$0$0$2,973,082
84$4,896,479$0$0$3,193,641
85$5,262,229$0$0$3,434,091
86$5,661,074$0$0$3,696,381
87$6,096,257$0$0$3,982,652
88$6,571,348$0$0$4,295,264
89$7,090,276$0$0$4,636,814
90$7,657,368$0$0$5,010,159
91$8,277,385$0$0$5,418,449
92$8,955,572$0$0$5,865,147
93$9,697,701$0$0$6,354,070
94$10,510,130$0$0$6,889,419
95$11,399,859$0$0$7,475,823
96$12,374,599$0$0$8,118,375
97$13,442,838$0$0$8,822,688
98$14,613,928$0$0$9,594,942
99$15,898,167$0$0$10,441,945
100$17,306,896$0$0$11,371,195