Can I retire at age 54 with 821,000?

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 $821,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$67,797$67,194$66,604$66,029$65,468$64,463
2 years$33,563$32,938$32,332$31,745$31,175$30,165
3 years$22,153$21,525$20,921$20,339$19,779$18,795
4 years$16,449$15,823$15,225$14,653$14,106$13,157
5 years$13,028$12,406$11,815$11,255$10,723$9,810
6 years$10,748$10,130$9,549$9,001$8,485$7,610
7 years$9,120$8,507$7,935$7,400$6,901$6,063
8 years$7,899$7,292$6,729$6,208$5,725$4,925
9 years$6,950$6,349$5,796$5,288$4,821$4,059
10 years$6,192$5,597$5,053$4,558$4,108$3,383
11 years$5,571$4,982$4,449$3,967$3,533$2,844
12 years$5,055$4,472$3,948$3,479$3,061$2,408
13 years$4,618$4,041$3,527$3,072$2,670$2,050
14 years$4,244$3,673$3,169$2,727$2,340$1,754
15 years$3,920$3,356$2,862$2,432$2,061$1,507
16 years$3,637$3,079$2,594$2,177$1,821$1,298
17 years$3,388$2,835$2,361$1,956$1,615$1,122
18 years$3,166$2,620$2,155$1,763$1,436$972
19 years$2,968$2,428$1,973$1,593$1,280$844
20 years$2,790$2,256$1,811$1,443$1,143$734
21 years$2,630$2,102$1,665$1,310$1,023$639
22 years$2,484$1,962$1,535$1,191$917$557
23 years$2,350$1,835$1,417$1,084$823$486
24 years$2,229$1,719$1,311$989$740$425
25 years$2,117$1,613$1,214$903$666$371
26 years$2,014$1,516$1,126$826$600$325
27 years$1,918$1,427$1,045$756$541$285
28 years$1,830$1,345$972$693$488$249
29 years$1,748$1,269$904$635$440$219
30 years$1,671$1,198$842$583$398$192
31 years$1,600$1,133$785$535$360$168
32 years$1,533$1,072$733$492$325$148
33 years$1,470$1,015$684$452$295$129
34 years$1,411$962$639$416$267$114
35 years$1,356$912$598$383$242$100
36 years$1,304$866$559$353$219$88
37 years$1,255$822$523$325$198$77
38 years$1,208$782$490$300$180$68
39 years$1,164$743$459$276$163$59
40 years$1,122$707$430$255$148$52
41 years$1,083$673$404$235$134$46
42 years$1,045$641$379$217$122$40
43 years$1,009$611$355$200$111$35
44 years$975$582$333$185$100$31
45 years$943$555$313$171$91$27
46 years$912$530$294$158$83$24
47 years$883$505$276$146$75$21
48 years$854$482$260$135$68$19
49 years$827$461$244$125$62$16
50 years$802$440$229$115$56$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $821,000, adding $5,965 every year, while hoping to spend $59,677 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: 51/39/10 Blend
53$821,000$821,000$821,000$821,000
54$910,895$867,382$854,656$954,666
55$940,310$846,388$819,792$964,194
56$970,726$822,365$781,759$967,678
57$1,002,181$795,102$740,388$970,081
58$1,034,716$764,374$695,504$971,315
59$1,068,375$729,946$646,921$971,289
60$1,103,202$691,567$594,446$969,907
61$1,139,247$648,971$537,878$967,066
62$1,176,558$601,880$477,005$962,659
63$1,215,191$549,995$411,609$956,571
64$1,255,200$493,005$341,458$948,682
65$1,296,647$430,578$266,312$938,867
66$1,339,593$362,365$185,922$926,992
67$1,384,107$287,996$100,026$912,917
68$1,430,259$207,081$8,350$896,494
69$1,478,126$119,208$0$877,568
70$1,527,787$23,942$0$865,523
71$1,579,329$0$0$852,211
72$1,632,843$0$0$870,573
73$1,688,426$0$0$900,328
74$1,746,184$0$0$931,258
75$1,806,227$0$0$963,425
76$1,868,676$0$0$996,893
77$1,933,658$0$0$1,031,734
78$2,001,311$0$0$1,068,023
79$2,071,783$0$0$1,105,842
80$2,145,233$0$0$1,145,279
81$2,221,832$0$0$1,186,426
82$2,301,764$0$0$1,229,388
83$2,385,228$0$0$1,274,272
84$2,472,439$0$0$1,321,199
85$2,563,629$0$0$1,370,297
86$2,659,049$0$0$1,421,703
87$2,758,971$0$0$1,475,570
88$2,863,688$0$0$1,532,060
89$2,973,521$0$0$1,591,351
90$3,088,816$0$0$1,653,634
91$3,209,948$0$0$1,719,119
92$3,337,327$0$0$1,788,033
93$3,471,398$0$0$1,860,624
94$3,612,644$0$0$1,937,160
95$3,761,593$0$0$2,017,936
96$3,918,820$0$0$2,103,272
97$4,084,950$0$0$2,193,516
98$4,260,668$0$0$2,289,050
99$4,446,718$0$0$2,390,290
100$4,643,917$0$0$2,497,691