Can I retire at age 54 with 823,000?

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 $823,000?

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$67,963$67,357$66,767$66,190$65,627$65,104
2 years$33,645$33,018$32,411$31,822$31,251$30,724
3 years$22,207$21,578$20,972$20,389$19,827$19,312
4 years$16,489$15,862$15,262$14,689$14,141$13,642
5 years$13,060$12,436$11,844$11,283$10,750$10,268
6 years$10,774$10,155$9,572$9,023$8,506$8,043
7 years$9,142$8,528$7,954$7,418$6,917$6,473
8 years$7,918$7,310$6,746$6,223$5,739$5,313
9 years$6,967$6,365$5,810$5,300$4,833$4,425
10 years$6,207$5,610$5,065$4,569$4,118$3,728
11 years$5,585$4,994$4,460$3,976$3,541$3,169
12 years$5,067$4,483$3,958$3,488$3,069$2,714
13 years$4,629$4,051$3,536$3,079$2,676$2,338
14 years$4,255$3,682$3,177$2,733$2,346$2,025
15 years$3,930$3,364$2,868$2,438$2,066$1,760
16 years$3,646$3,086$2,601$2,183$1,826$1,536
17 years$3,396$2,842$2,367$1,961$1,619$1,344
18 years$3,174$2,626$2,160$1,767$1,439$1,180
19 years$2,976$2,434$1,978$1,597$1,283$1,037
20 years$2,797$2,262$1,815$1,446$1,146$914
21 years$2,636$2,107$1,669$1,313$1,025$807
22 years$2,490$1,967$1,539$1,194$919$713
23 years$2,356$1,839$1,421$1,087$825$631
24 years$2,234$1,723$1,314$991$742$559
25 years$2,122$1,617$1,217$905$667$496
26 years$2,018$1,520$1,129$828$601$440
27 years$1,923$1,431$1,048$758$542$391
28 years$1,834$1,348$974$694$489$348
29 years$1,752$1,272$907$637$442$309
30 years$1,675$1,201$845$584$399$275
31 years$1,604$1,135$787$537$361$245
32 years$1,537$1,074$735$493$326$218
33 years$1,474$1,017$686$454$295$194
34 years$1,415$964$641$417$267$173
35 years$1,359$915$599$384$242$154
36 years$1,307$868$560$354$219$138
37 years$1,258$824$525$326$199$123
38 years$1,211$783$491$300$180$110
39 years$1,167$745$460$277$163$98
40 years$1,125$709$431$256$148$87
41 years$1,085$675$405$236$135$78
42 years$1,048$643$379$218$122$70
43 years$1,012$612$356$201$111$62
44 years$978$584$334$185$101$55
45 years$945$557$314$171$91$49
46 years$914$531$295$158$83$44
47 years$885$507$277$146$75$39
48 years$856$484$260$135$68$35
49 years$829$462$245$125$62$31
50 years$804$441$230$115$56$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $823,000, adding $6,554 every year, while hoping to spend $22,028 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: 71/18/11 Blend
53$823,000$823,000$823,000$823,000
54$913,706$870,087$857,331$976,084
55$983,467$889,284$862,614$1,037,455
56$1,059,605$908,683$867,336$1,101,290
57$1,142,747$928,271$871,454$1,170,573
58$1,233,584$948,033$874,925$1,245,839
59$1,332,876$967,954$877,701$1,327,673
60$1,441,461$988,015$879,735$1,416,722
61$1,560,259$1,008,196$880,975$1,513,696
62$1,690,284$1,028,477$881,367$1,619,381
63$1,832,656$1,048,835$880,856$1,734,638
64$1,988,603$1,069,244$879,380$1,860,421
65$2,159,480$1,089,677$876,880$1,997,775
66$2,346,780$1,110,104$873,288$2,147,857
67$2,552,147$1,130,494$868,538$2,311,938
68$2,777,390$1,150,812$862,558$2,491,420
69$3,024,502$1,171,021$855,273$2,687,848
70$3,295,681$1,191,080$846,603$2,902,922
71$3,593,343$1,210,946$836,468$3,138,518
72$3,920,155$1,230,574$824,781$3,396,702
73$4,279,051$1,249,912$811,451$3,679,752
74$4,673,264$1,268,907$796,384$3,990,175
75$5,106,356$1,287,503$779,482$4,330,738
76$5,582,250$1,305,636$760,641$4,704,486
77$6,105,270$1,323,243$739,752$5,114,777
78$6,680,177$1,340,251$716,703$5,565,311
79$7,312,218$1,356,586$691,376$6,060,165
80$8,007,173$1,372,167$663,645$6,603,833
81$8,771,410$1,386,909$633,383$7,201,267
82$9,611,946$1,400,719$600,453$7,857,923
83$10,536,510$1,413,501$564,715$8,579,817
84$11,553,621$1,425,149$526,020$9,373,574
85$12,672,663$1,435,554$484,213$10,246,501
86$13,903,974$1,444,596$439,134$11,206,645
87$15,258,949$1,452,150$390,615$12,262,879
88$16,750,139$1,458,083$338,478$13,424,978
89$18,391,376$1,462,252$282,540$14,703,717
90$20,197,900$1,464,506$222,608$16,110,970
91$22,186,504$1,464,685$158,483$17,659,822
92$24,375,690$1,462,617$89,955$19,364,696
93$26,785,847$1,458,122$16,806$21,241,484
94$29,439,441$1,451,008$0$23,307,702
95$32,361,227$1,441,070$0$25,589,844
96$35,578,483$1,428,093$0$28,104,565
97$39,121,266$1,411,847$0$30,873,366
98$43,022,696$1,392,089$0$33,922,114
99$47,319,271$1,368,561$0$37,279,317
100$52,051,206$1,340,991$0$40,976,389