Can I retire at age 54 with 817,000?

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 $817,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$67,467$66,866$66,280$65,708$65,149$63,859
2 years$33,400$32,778$32,175$31,590$31,023$29,730
3 years$22,045$21,420$20,819$20,240$19,682$18,425
4 years$16,369$15,746$15,151$14,582$14,038$12,826
5 years$12,964$12,345$11,758$11,200$10,671$9,509
6 years$10,695$10,081$9,502$8,957$8,444$7,332
7 years$9,075$8,466$7,896$7,364$6,867$5,806
8 years$7,861$7,257$6,697$6,177$5,697$4,686
9 years$6,916$6,318$5,768$5,262$4,798$3,837
10 years$6,162$5,569$5,029$4,536$4,088$3,176
11 years$5,544$4,958$4,427$3,947$3,516$2,652
12 years$5,030$4,450$3,929$3,462$3,047$2,229
13 years$4,596$4,022$3,510$3,057$2,657$1,885
14 years$4,224$3,656$3,154$2,714$2,329$1,600
15 years$3,901$3,339$2,848$2,420$2,050$1,364
16 years$3,620$3,064$2,582$2,167$1,812$1,167
17 years$3,371$2,822$2,349$1,947$1,607$1,000
18 years$3,151$2,607$2,145$1,755$1,429$860
19 years$2,954$2,416$1,963$1,585$1,273$740
20 years$2,777$2,245$1,802$1,436$1,137$638
21 years$2,617$2,092$1,657$1,303$1,018$551
22 years$2,471$1,952$1,527$1,185$912$477
23 years$2,339$1,826$1,410$1,079$819$412
24 years$2,218$1,711$1,304$984$736$357
25 years$2,106$1,606$1,208$899$662$310
26 years$2,004$1,509$1,120$822$597$269
27 years$1,909$1,420$1,040$752$538$233
28 years$1,821$1,338$967$689$485$202
29 years$1,739$1,262$900$632$438$176
30 years$1,663$1,192$838$580$396$153
31 years$1,592$1,127$782$533$358$133
32 years$1,525$1,066$729$490$324$116
33 years$1,463$1,010$681$450$293$100
34 years$1,405$957$636$414$265$87
35 years$1,349$908$595$381$240$76
36 years$1,298$862$556$351$218$66
37 years$1,249$818$521$324$197$58
38 years$1,202$778$488$298$179$50
39 years$1,158$740$457$275$162$44
40 years$1,117$704$428$254$147$38
41 years$1,078$670$402$234$134$33
42 years$1,040$638$377$216$121$29
43 years$1,005$608$353$199$110$25
44 years$971$579$332$184$100$22
45 years$938$552$312$170$91$19
46 years$908$527$293$157$82$17
47 years$878$503$275$145$75$14
48 years$850$480$258$134$68$13
49 years$823$459$243$124$62$11
50 years$798$438$228$115$56$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $817,000, adding $3,881 every year, while hoping to spend $53,027 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: 71/20/9 Blend
53$817,000$817,000$817,000$817,000
54$904,337$861,036$848,373$966,787
55$940,159$846,807$820,373$994,375
56$977,858$830,103$789,658$1,017,662
57$1,017,569$810,747$756,081$1,041,704
58$1,059,439$788,552$719,488$1,066,565
59$1,103,630$763,319$679,718$1,092,314
60$1,150,315$734,837$636,604$1,119,028
61$1,199,688$702,884$589,971$1,146,794
62$1,251,956$667,225$539,635$1,175,708
63$1,307,347$627,611$485,404$1,205,880
64$1,366,110$583,777$427,079$1,237,430
65$1,428,518$535,447$364,450$1,270,494
66$1,494,867$482,325$297,300$1,305,223
67$1,565,485$424,100$225,401$1,341,786
68$1,640,727$360,443$148,514$1,380,369
69$1,720,983$291,007$66,392$1,421,184
70$1,806,683$215,426$0$1,464,464
71$1,898,294$133,311$0$1,512,510
72$1,996,330$44,253$0$1,570,509
73$2,101,354$0$0$1,632,427
74$2,213,985$0$0$1,710,137
75$2,334,901$0$0$1,804,047
76$2,464,845$0$0$1,904,999
77$2,604,635$0$0$2,013,631
78$2,755,168$0$0$2,130,646
79$2,917,427$0$0$2,256,812
80$3,092,496$0$0$2,392,976
81$3,281,563$0$0$2,540,066
82$3,485,935$0$0$2,699,104
83$3,707,046$0$0$2,871,212
84$3,946,475$0$0$3,057,625
85$4,205,958$0$0$3,259,699
86$4,487,401$0$0$3,478,925
87$4,792,903$0$0$3,716,945
88$5,124,772$0$0$3,975,562
89$5,485,545$0$0$4,256,763
90$5,878,016$0$0$4,562,730
91$6,305,257$0$0$4,895,866
92$6,770,648$0$0$5,258,817
93$7,277,910$0$0$5,654,491
94$7,831,138$0$0$6,086,091
95$8,434,838$0$0$6,557,141
96$9,093,970$0$0$7,071,522
97$9,813,995$0$0$7,633,505
98$10,600,925$0$0$8,247,792
99$11,461,377$0$0$8,919,560
100$12,402,639$0$0$9,654,508