Can I retire at age 54 with 821,000?

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 $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%11.9%
1 years$67,797$67,194$66,604$66,029$65,468$64,946
2 years$33,563$32,938$32,332$31,745$31,175$30,649
3 years$22,153$21,525$20,921$20,339$19,779$19,265
4 years$16,449$15,823$15,225$14,653$14,106$13,609
5 years$13,028$12,406$11,815$11,255$10,723$10,244
6 years$10,748$10,130$9,549$9,001$8,485$8,023
7 years$9,120$8,507$7,935$7,400$6,901$6,457
8 years$7,899$7,292$6,729$6,208$5,725$5,300
9 years$6,950$6,349$5,796$5,288$4,821$4,414
10 years$6,192$5,597$5,053$4,558$4,108$3,719
11 years$5,571$4,982$4,449$3,967$3,533$3,162
12 years$5,055$4,472$3,948$3,479$3,061$2,708
13 years$4,618$4,041$3,527$3,072$2,670$2,333
14 years$4,244$3,673$3,169$2,727$2,340$2,020
15 years$3,920$3,356$2,862$2,432$2,061$1,756
16 years$3,637$3,079$2,594$2,177$1,821$1,532
17 years$3,388$2,835$2,361$1,956$1,615$1,341
18 years$3,166$2,620$2,155$1,763$1,436$1,177
19 years$2,968$2,428$1,973$1,593$1,280$1,035
20 years$2,790$2,256$1,811$1,443$1,143$912
21 years$2,630$2,102$1,665$1,310$1,023$805
22 years$2,484$1,962$1,535$1,191$917$711
23 years$2,350$1,835$1,417$1,084$823$630
24 years$2,229$1,719$1,311$989$740$558
25 years$2,117$1,613$1,214$903$666$495
26 years$2,014$1,516$1,126$826$600$439
27 years$1,918$1,427$1,045$756$541$390
28 years$1,830$1,345$972$693$488$347
29 years$1,748$1,269$904$635$440$308
30 years$1,671$1,198$842$583$398$274
31 years$1,600$1,133$785$535$360$244
32 years$1,533$1,072$733$492$325$218
33 years$1,470$1,015$684$452$295$194
34 years$1,411$962$639$416$267$173
35 years$1,356$912$598$383$242$154
36 years$1,304$866$559$353$219$137
37 years$1,255$822$523$325$198$123
38 years$1,208$782$490$300$180$109
39 years$1,164$743$459$276$163$98
40 years$1,122$707$430$255$148$87
41 years$1,083$673$404$235$134$78
42 years$1,045$641$379$217$122$69
43 years$1,009$611$355$200$111$62
44 years$975$582$333$185$100$55
45 years$943$555$313$171$91$49
46 years$912$530$294$158$83$44
47 years$883$505$276$146$75$39
48 years$854$482$260$135$68$35
49 years$827$461$244$125$62$31
50 years$802$440$229$115$56$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $821,000, adding $4,519 every year, while hoping to spend $22,452 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: 74/7/19 Blend
53$821,000$821,000$821,000$821,000
54$909,403$865,890$853,165$972,317
55$978,274$884,430$857,857$1,033,197
56$1,053,416$903,126$861,954$1,096,715
57$1,135,447$921,962$865,412$1,165,738
58$1,225,045$940,920$868,185$1,240,808
59$1,322,956$959,981$870,226$1,322,523
60$1,430,001$979,124$871,482$1,411,542
61$1,547,087$998,327$871,902$1,508,590
62$1,675,209$1,017,564$871,430$1,614,468
63$1,815,464$1,036,808$870,007$1,730,057
64$1,969,061$1,056,032$867,572$1,856,328
65$2,137,330$1,075,202$864,061$1,994,351
66$2,321,737$1,094,286$859,405$2,145,306
67$2,523,894$1,113,246$853,536$2,310,491
68$2,745,580$1,132,044$846,378$2,491,339
69$2,988,751$1,150,636$837,854$2,689,428
70$3,255,565$1,168,978$827,883$2,906,497
71$3,548,395$1,187,021$816,379$3,144,462
72$3,869,858$1,204,711$803,254$3,405,436
73$4,222,835$1,221,994$788,415$3,691,745
74$4,610,500$1,238,808$771,764$4,005,956
75$5,036,351$1,255,089$753,198$4,350,895
76$5,504,240$1,270,770$732,611$4,729,677
77$6,018,410$1,285,775$709,891$5,145,736
78$6,583,537$1,300,027$684,921$5,602,855
79$7,204,770$1,313,441$657,579$6,105,206
80$7,887,786$1,325,929$627,736$6,657,384
81$8,638,835$1,337,394$595,261$7,264,453
82$9,464,806$1,347,736$560,012$7,931,998
83$10,373,288$1,356,847$521,843$8,666,168
84$11,372,641$1,364,610$480,603$9,473,746
85$12,472,079$1,370,904$436,131$10,362,202
86$13,681,751$1,375,599$388,262$11,339,773
87$15,012,842$1,378,555$336,821$12,415,535
88$16,477,673$1,379,626$281,626$13,599,489
89$18,089,824$1,378,656$222,489$14,902,661
90$19,864,254$1,375,478$159,210$16,337,198
91$21,817,448$1,369,916$91,583$17,916,491
92$23,967,569$1,361,783$19,393$19,655,295
93$26,334,632$1,350,882$0$21,569,873
94$28,940,690$1,337,001$0$23,689,834
95$31,810,043$1,319,917$0$26,028,200
96$34,969,469$1,299,394$0$28,602,853
97$38,448,473$1,275,182$0$31,437,835
98$42,279,567$1,247,016$0$34,559,639
99$46,498,576$1,214,613$0$37,997,461
100$51,144,980$1,177,678$0$41,783,470