Can I retire at age 54 with 822,000?

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 $822,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$67,880$67,275$66,685$66,110$65,547$63,096
2 years$33,604$32,978$32,372$31,783$31,213$28,772
3 years$22,180$21,552$20,947$20,364$19,803$17,448
4 years$16,469$15,843$15,244$14,671$14,124$11,873
5 years$13,044$12,421$11,830$11,269$10,737$8,596
6 years$10,761$10,143$9,560$9,012$8,495$6,467
7 years$9,131$8,518$7,945$7,409$6,909$4,992
8 years$7,909$7,301$6,738$6,215$5,732$3,924
9 years$6,959$6,357$5,803$5,294$4,827$3,126
10 years$6,199$5,603$5,059$4,564$4,113$2,516
11 years$5,578$4,988$4,454$3,972$3,537$2,041
12 years$5,061$4,477$3,953$3,484$3,065$1,666
13 years$4,624$4,046$3,532$3,076$2,673$1,366
14 years$4,249$3,678$3,173$2,730$2,343$1,124
15 years$3,925$3,360$2,865$2,435$2,063$929
16 years$3,642$3,083$2,598$2,180$1,823$769
17 years$3,392$2,839$2,364$1,959$1,617$638
18 years$3,170$2,623$2,158$1,765$1,437$530
19 years$2,972$2,431$1,975$1,595$1,281$441
20 years$2,794$2,259$1,813$1,445$1,144$368
21 years$2,633$2,104$1,667$1,311$1,024$307
22 years$2,487$1,964$1,537$1,192$918$256
23 years$2,353$1,837$1,419$1,086$824$214
24 years$2,231$1,721$1,312$990$741$179
25 years$2,119$1,615$1,215$904$666$150
26 years$2,016$1,518$1,127$827$600$125
27 years$1,921$1,429$1,047$757$541$105
28 years$1,832$1,346$973$693$488$88
29 years$1,750$1,270$906$636$441$73
30 years$1,673$1,200$843$584$398$61
31 years$1,602$1,134$786$536$360$51
32 years$1,535$1,073$734$493$326$43
33 years$1,472$1,016$685$453$295$36
34 years$1,413$963$640$417$267$30
35 years$1,358$913$598$384$242$25
36 years$1,306$867$560$353$219$21
37 years$1,256$823$524$326$199$18
38 years$1,210$783$491$300$180$15
39 years$1,166$744$460$277$163$13
40 years$1,124$708$431$255$148$10
41 years$1,084$674$404$235$134$9
42 years$1,047$642$379$217$122$7
43 years$1,011$612$356$201$111$6
44 years$977$583$334$185$100$5
45 years$944$556$313$171$91$4
46 years$913$530$294$158$83$4
47 years$884$506$277$146$75$3
48 years$855$483$260$135$68$3
49 years$828$461$244$125$62$2
50 years$803$441$230$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $822,000, adding $6,909 every year, while hoping to spend $31,807 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: 54/27/19 Blend
53$822,000$822,000$822,000$822,000
54$912,971$869,405$856,664$957,219
55$972,251$878,163$851,519$997,025
56$1,036,512$886,285$845,137$1,036,392
57$1,106,229$893,705$837,441$1,078,551
58$1,181,922$900,354$828,353$1,123,778
59$1,264,165$906,159$817,790$1,172,377
60$1,353,591$911,041$805,667$1,224,685
61$1,450,893$914,918$791,893$1,281,074
62$1,556,837$917,701$776,374$1,341,955
63$1,672,261$919,296$759,010$1,407,783
64$1,798,093$919,603$739,698$1,479,060
65$1,935,351$918,515$718,329$1,556,340
66$2,085,155$915,921$694,792$1,640,238
67$2,248,739$911,700$668,966$1,731,429
68$2,427,463$905,725$640,728$1,830,662
69$2,622,821$897,863$609,950$1,938,764
70$2,836,459$887,969$576,494$2,056,647
71$3,070,192$875,893$540,220$2,185,320
72$3,326,014$861,474$500,980$2,325,896
73$3,606,124$844,543$458,619$2,479,605
74$3,912,942$824,919$412,977$2,647,805
75$4,249,134$802,412$363,883$2,831,995
76$4,617,635$776,819$311,163$3,033,829
77$5,021,678$747,928$254,631$3,255,137
78$5,464,825$715,513$194,097$3,497,934
79$5,950,998$679,333$129,360$3,764,449
80$6,484,516$639,136$60,209$4,057,139
81$7,070,138$594,655$0$4,378,717
82$7,713,105$545,607$0$4,734,933
83$8,419,193$491,693$0$5,139,541
84$9,194,761$432,596$0$5,584,019
85$10,046,817$367,983$0$6,072,441
86$10,983,079$297,502$0$6,609,301
87$12,012,052$220,778$0$7,199,552
88$13,143,104$137,419$0$7,848,659
89$14,386,557$47,009$0$8,562,645
90$15,753,781$0$0$9,348,152
91$17,257,307$0$0$10,227,626
92$18,910,936$0$0$11,210,349
93$20,729,877$0$0$12,291,404
94$22,730,886$0$0$13,480,762
95$24,932,424$0$0$14,789,407
96$27,354,834$0$0$16,229,441
97$30,020,527$0$0$17,814,203
98$32,954,199$0$0$19,558,384
99$36,183,060$0$0$21,478,177
100$39,737,093$0$0$23,591,421