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%14.6%
1 years$67,797$67,194$66,604$66,029$65,468$64,225
2 years$33,563$32,938$32,332$31,745$31,175$29,928
3 years$22,153$21,525$20,921$20,339$19,779$18,566
4 years$16,449$15,823$15,225$14,653$14,106$12,937
5 years$13,028$12,406$11,815$11,255$10,723$9,601
6 years$10,748$10,130$9,549$9,001$8,485$7,411
7 years$9,120$8,507$7,935$7,400$6,901$5,875
8 years$7,899$7,292$6,729$6,208$5,725$4,748
9 years$6,950$6,349$5,796$5,288$4,821$3,892
10 years$6,192$5,597$5,053$4,558$4,108$3,226
11 years$5,571$4,982$4,449$3,967$3,533$2,696
12 years$5,055$4,472$3,948$3,479$3,061$2,270
13 years$4,618$4,041$3,527$3,072$2,670$1,921
14 years$4,244$3,673$3,169$2,727$2,340$1,634
15 years$3,920$3,356$2,862$2,432$2,061$1,395
16 years$3,637$3,079$2,594$2,177$1,821$1,194
17 years$3,388$2,835$2,361$1,956$1,615$1,026
18 years$3,166$2,620$2,155$1,763$1,436$883
19 years$2,968$2,428$1,973$1,593$1,280$761
20 years$2,790$2,256$1,811$1,443$1,143$657
21 years$2,630$2,102$1,665$1,310$1,023$569
22 years$2,484$1,962$1,535$1,191$917$492
23 years$2,350$1,835$1,417$1,084$823$427
24 years$2,229$1,719$1,311$989$740$370
25 years$2,117$1,613$1,214$903$666$321
26 years$2,014$1,516$1,126$826$600$279
27 years$1,918$1,427$1,045$756$541$243
28 years$1,830$1,345$972$693$488$211
29 years$1,748$1,269$904$635$440$184
30 years$1,671$1,198$842$583$398$160
31 years$1,600$1,133$785$535$360$139
32 years$1,533$1,072$733$492$325$121
33 years$1,470$1,015$684$452$295$106
34 years$1,411$962$639$416$267$92
35 years$1,356$912$598$383$242$80
36 years$1,304$866$559$353$219$70
37 years$1,255$822$523$325$198$61
38 years$1,208$782$490$300$180$53
39 years$1,164$743$459$276$163$46
40 years$1,122$707$430$255$148$40
41 years$1,083$673$404$235$134$35
42 years$1,045$641$379$217$122$31
43 years$1,009$611$355$200$111$27
44 years$975$582$333$185$100$23
45 years$943$555$313$171$91$20
46 years$912$530$294$158$83$18
47 years$883$505$276$146$75$16
48 years$854$482$260$135$68$14
49 years$827$461$244$125$62$12
50 years$802$440$229$115$56$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $821,000, adding $5,365 every year, while hoping to spend $39,542 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: 73/11/16 Blend
53$821,000$821,000$821,000$821,000
54$910,276$866,763$854,037$973,048
55$961,052$867,162$840,575$1,015,772
56$1,015,681$866,255$825,337$1,057,208
57$1,074,516$863,937$808,221$1,101,557
58$1,137,942$860,095$789,122$1,149,099
59$1,206,383$854,611$767,928$1,200,143
60$1,280,304$847,357$744,524$1,255,031
61$1,360,218$838,200$718,788$1,314,138
62$1,446,687$826,999$690,594$1,377,880
63$1,540,329$813,601$659,809$1,446,715
64$1,641,824$797,849$626,294$1,521,149
65$1,751,919$779,573$589,904$1,601,739
66$1,871,437$758,595$550,488$1,689,102
67$2,001,282$734,724$507,888$1,783,917
68$2,142,448$707,761$461,937$1,886,933
69$2,296,030$677,493$412,464$1,998,979
70$2,463,231$643,696$359,288$2,120,967
71$2,645,376$606,133$302,220$2,253,904
72$2,843,923$564,552$241,063$2,398,902
73$3,060,477$518,689$175,612$2,557,187
74$3,296,803$468,262$105,653$2,730,112
75$3,554,846$412,975$30,961$2,919,170
76$3,836,744$352,515$0$3,126,007
77$4,144,854$286,551$0$3,360,763
78$4,481,770$214,732$0$3,623,301
79$4,850,346$136,690$0$3,910,583
80$5,253,727$52,034$0$4,225,095
81$5,695,375$0$0$4,569,574
82$6,179,104$0$0$4,951,835
83$6,709,110$0$0$5,377,606
84$7,290,020$0$0$5,844,306
85$7,926,924$0$0$6,356,033
86$8,625,432$0$0$6,917,298
87$9,391,722$0$0$7,533,070
88$10,232,598$0$0$8,208,822
89$11,155,555$0$0$8,950,583
90$12,168,849$0$0$9,764,994
91$13,281,576$0$0$10,659,371
92$14,503,753$0$0$11,641,772
93$15,846,417$0$0$12,721,075
94$17,321,727$0$0$13,907,060
95$18,943,075$0$0$15,210,501
96$20,725,219$0$0$16,643,269
97$22,684,415$0$0$18,218,439
98$24,838,573$0$0$19,950,420
99$27,207,427$0$0$21,855,085
100$29,812,716$0$0$23,949,921