Can I retire at age 54 with 817,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.9%
1 years$67,467$66,866$66,280$65,708$65,149$64,630
2 years$33,400$32,778$32,175$31,590$31,023$30,500
3 years$22,045$21,420$20,819$20,240$19,682$19,171
4 years$16,369$15,746$15,151$14,582$14,038$13,543
5 years$12,964$12,345$11,758$11,200$10,671$10,194
6 years$10,695$10,081$9,502$8,957$8,444$7,984
7 years$9,075$8,466$7,896$7,364$6,867$6,426
8 years$7,861$7,257$6,697$6,177$5,697$5,274
9 years$6,916$6,318$5,768$5,262$4,798$4,393
10 years$6,162$5,569$5,029$4,536$4,088$3,701
11 years$5,544$4,958$4,427$3,947$3,516$3,146
12 years$5,030$4,450$3,929$3,462$3,047$2,694
13 years$4,596$4,022$3,510$3,057$2,657$2,321
14 years$4,224$3,656$3,154$2,714$2,329$2,010
15 years$3,901$3,339$2,848$2,420$2,050$1,748
16 years$3,620$3,064$2,582$2,167$1,812$1,525
17 years$3,371$2,822$2,349$1,947$1,607$1,335
18 years$3,151$2,607$2,145$1,755$1,429$1,171
19 years$2,954$2,416$1,963$1,585$1,273$1,030
20 years$2,777$2,245$1,802$1,436$1,137$907
21 years$2,617$2,092$1,657$1,303$1,018$801
22 years$2,471$1,952$1,527$1,185$912$708
23 years$2,339$1,826$1,410$1,079$819$626
24 years$2,218$1,711$1,304$984$736$555
25 years$2,106$1,606$1,208$899$662$492
26 years$2,004$1,509$1,120$822$597$437
27 years$1,909$1,420$1,040$752$538$388
28 years$1,821$1,338$967$689$485$345
29 years$1,739$1,262$900$632$438$307
30 years$1,663$1,192$838$580$396$273
31 years$1,592$1,127$782$533$358$243
32 years$1,525$1,066$729$490$324$217
33 years$1,463$1,010$681$450$293$193
34 years$1,405$957$636$414$265$172
35 years$1,349$908$595$381$240$153
36 years$1,298$862$556$351$218$137
37 years$1,249$818$521$324$197$122
38 years$1,202$778$488$298$179$109
39 years$1,158$740$457$275$162$97
40 years$1,117$704$428$254$147$87
41 years$1,078$670$402$234$134$77
42 years$1,040$638$377$216$121$69
43 years$1,005$608$353$199$110$62
44 years$971$579$332$184$100$55
45 years$938$552$312$170$91$49
46 years$908$527$293$157$82$44
47 years$878$503$275$145$75$39
48 years$850$480$258$134$68$35
49 years$823$459$243$124$62$31
50 years$798$438$228$115$56$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $817,000, adding $2,034 every year, while hoping to spend $26,081 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: 46/42/12 Blend
53$817,000$817,000$817,000$817,000
54$902,432$859,131$846,468$940,806
55$966,730$873,479$847,074$981,931
56$1,036,713$887,655$846,827$1,023,684
57$1,112,931$901,624$845,670$1,068,396
58$1,195,995$915,348$843,544$1,116,352
59$1,286,571$928,785$840,388$1,167,864
60$1,385,396$941,890$836,136$1,223,278
61$1,493,281$954,618$830,721$1,282,976
62$1,611,118$966,915$824,072$1,347,379
63$1,739,887$978,730$816,114$1,416,950
64$1,880,671$990,003$806,769$1,492,204
65$2,034,659$1,000,673$795,955$1,573,706
66$2,203,162$1,010,673$783,587$1,662,081
67$2,387,622$1,019,934$769,576$1,758,019
68$2,589,630$1,028,381$753,826$1,862,279
69$2,810,934$1,035,934$736,241$1,975,703
70$3,053,461$1,042,507$716,718$2,099,216
71$3,319,335$1,048,010$695,148$2,233,841
72$3,610,892$1,052,347$671,420$2,380,708
73$3,930,706$1,055,416$645,416$2,541,062
74$4,281,614$1,057,107$617,014$2,716,276
75$4,666,739$1,057,306$586,084$2,907,868
76$5,089,521$1,055,888$552,493$3,117,510
77$5,553,751$1,052,725$516,100$3,347,050
78$6,063,602$1,047,678$476,758$3,598,525
79$6,623,675$1,040,599$434,314$3,874,182
80$7,239,035$1,031,333$388,609$4,176,501
81$7,915,263$1,019,715$339,474$4,508,218
82$8,658,509$1,005,571$286,736$4,872,352
83$9,475,547$988,713$230,211$5,272,232
84$10,373,839$968,947$169,709$5,711,531
85$11,361,608$946,063$105,032$6,194,301
86$12,447,914$919,841$35,972$6,725,012
87$13,642,736$890,048$0$7,308,594
88$14,957,072$856,438$0$7,955,314
89$16,403,037$818,747$0$8,671,570
90$17,993,982$776,701$0$9,459,395
91$19,744,616$730,007$0$10,326,117
92$21,671,144$678,354$0$11,279,816
93$23,791,424$621,417$0$12,329,398
94$26,125,132$558,849$0$13,484,686
95$28,693,948$490,286$0$14,756,509
96$31,521,762$415,340$0$16,156,806
97$34,634,894$333,605$0$17,698,741
98$38,062,351$244,649$0$19,396,826
99$41,836,091$148,017$0$21,267,062
100$45,991,331$43,229$0$23,327,089