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%12.6%
1 years$67,467$66,866$66,280$65,708$65,149$64,442
2 years$33,400$32,778$32,175$31,590$31,023$30,311
3 years$22,045$21,420$20,819$20,240$19,682$18,988
4 years$16,369$15,746$15,151$14,582$14,038$13,365
5 years$12,964$12,345$11,758$11,200$10,671$10,024
6 years$10,695$10,081$9,502$8,957$8,444$7,821
7 years$9,075$8,466$7,896$7,364$6,867$6,270
8 years$7,861$7,257$6,697$6,177$5,697$5,126
9 years$6,916$6,318$5,768$5,262$4,798$4,252
10 years$6,162$5,569$5,029$4,536$4,088$3,567
11 years$5,544$4,958$4,427$3,947$3,516$3,019
12 years$5,030$4,450$3,929$3,462$3,047$2,574
13 years$4,596$4,022$3,510$3,057$2,657$2,208
14 years$4,224$3,656$3,154$2,714$2,329$1,903
15 years$3,901$3,339$2,848$2,420$2,050$1,647
16 years$3,620$3,064$2,582$2,167$1,812$1,430
17 years$3,371$2,822$2,349$1,947$1,607$1,246
18 years$3,151$2,607$2,145$1,755$1,429$1,088
19 years$2,954$2,416$1,963$1,585$1,273$952
20 years$2,777$2,245$1,802$1,436$1,137$834
21 years$2,617$2,092$1,657$1,303$1,018$732
22 years$2,471$1,952$1,527$1,185$912$644
23 years$2,339$1,826$1,410$1,079$819$567
24 years$2,218$1,711$1,304$984$736$500
25 years$2,106$1,606$1,208$899$662$441
26 years$2,004$1,509$1,120$822$597$389
27 years$1,909$1,420$1,040$752$538$344
28 years$1,821$1,338$967$689$485$304
29 years$1,739$1,262$900$632$438$269
30 years$1,663$1,192$838$580$396$238
31 years$1,592$1,127$782$533$358$210
32 years$1,525$1,066$729$490$324$186
33 years$1,463$1,010$681$450$293$165
34 years$1,405$957$636$414$265$146
35 years$1,349$908$595$381$240$130
36 years$1,298$862$556$351$218$115
37 years$1,249$818$521$324$197$102
38 years$1,202$778$488$298$179$90
39 years$1,158$740$457$275$162$80
40 years$1,117$704$428$254$147$71
41 years$1,078$670$402$234$134$63
42 years$1,040$638$377$216$121$56
43 years$1,005$608$353$199$110$50
44 years$971$579$332$184$100$44
45 years$938$552$312$170$91$39
46 years$908$527$293$157$82$35
47 years$878$503$275$145$75$31
48 years$850$480$258$134$68$27
49 years$823$459$243$124$62$24
50 years$798$438$228$115$56$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $817,000, adding $5,330 every year, while hoping to spend $23,522 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: 69/15/16 Blend
53$817,000$817,000$817,000$817,000
54$905,832$862,531$849,867$964,573
55$973,200$879,768$853,311$1,021,616
56$1,046,650$897,061$856,081$1,080,711
57$1,126,780$914,388$858,131$1,144,773
58$1,214,244$931,725$859,411$1,214,288
59$1,309,764$949,047$859,868$1,289,793
60$1,414,134$966,325$859,449$1,371,878
61$1,528,230$983,529$858,094$1,461,193
62$1,653,014$1,000,627$855,745$1,558,457
63$1,789,547$1,017,582$852,337$1,664,460
64$1,938,995$1,034,358$847,805$1,780,072
65$2,102,645$1,050,914$842,079$1,906,253
66$2,281,912$1,067,207$835,086$2,044,060
67$2,478,356$1,083,188$826,750$2,194,661
68$2,693,693$1,098,809$816,991$2,359,338
69$2,929,815$1,114,016$805,725$2,539,508
70$3,188,804$1,128,751$792,865$2,736,731
71$3,472,954$1,142,952$778,318$2,952,727
72$3,784,793$1,156,554$761,990$3,189,391
73$4,127,104$1,169,487$743,778$3,448,812
74$4,502,953$1,181,677$723,579$3,733,292
75$4,915,717$1,193,042$701,282$4,045,369
76$5,369,118$1,203,498$676,772$4,387,840
77$5,867,253$1,212,955$649,929$4,763,787
78$6,414,638$1,221,315$620,627$5,176,607
79$7,016,248$1,228,476$588,735$5,630,046
80$7,677,562$1,234,328$554,115$6,128,230
81$8,404,619$1,238,755$516,623$6,675,708
82$9,204,069$1,241,634$476,109$7,277,495
83$10,083,242$1,242,832$432,417$7,939,115
84$11,050,212$1,242,210$385,382$8,666,661
85$12,113,876$1,239,620$334,834$9,466,844
86$13,284,033$1,234,904$280,594$10,347,063
87$14,571,486$1,227,895$222,474$11,315,474
88$15,988,131$1,218,416$160,281$12,381,064
89$17,547,080$1,206,278$93,810$13,553,738
90$19,262,779$1,191,283$22,850$14,844,416
91$21,151,146$1,173,218$0$16,265,131
92$23,229,717$1,151,861$0$17,838,171
93$25,517,820$1,126,973$0$19,573,878
94$28,036,747$1,098,305$0$21,484,498
95$30,809,962$1,065,588$0$23,587,830
96$33,863,320$1,028,543$0$25,903,489
97$37,225,308$986,872$0$28,453,089
98$40,927,318$940,258$0$31,260,451
99$45,003,943$888,368$0$34,351,823
100$49,493,297$830,850$0$37,756,134