Can I retire at age 54 with 824,000?

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 $824,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$68,045$67,439$66,848$66,271$65,707$63,175
2 years$33,686$33,058$32,450$31,861$31,289$28,768
3 years$22,234$21,604$20,998$20,414$19,851$17,421
4 years$16,509$15,881$15,281$14,707$14,158$11,837
5 years$13,075$12,451$11,859$11,296$10,763$8,556
6 years$10,787$10,167$9,583$9,034$8,516$6,426
7 years$9,153$8,538$7,964$7,427$6,926$4,952
8 years$7,928$7,319$6,754$6,230$5,746$3,886
9 years$6,976$6,373$5,817$5,307$4,839$3,090
10 years$6,214$5,617$5,072$4,575$4,123$2,482
11 years$5,592$5,001$4,465$3,981$3,546$2,009
12 years$5,073$4,488$3,963$3,492$3,073$1,637
13 years$4,635$4,056$3,540$3,083$2,679$1,339
14 years$4,260$3,687$3,181$2,737$2,349$1,100
15 years$3,935$3,368$2,872$2,441$2,068$907
16 years$3,651$3,090$2,604$2,185$1,828$749
17 years$3,400$2,846$2,369$1,964$1,621$620
18 years$3,178$2,630$2,163$1,770$1,441$514
19 years$2,979$2,437$1,980$1,599$1,284$427
20 years$2,801$2,265$1,817$1,448$1,147$355
21 years$2,639$2,110$1,671$1,314$1,027$296
22 years$2,493$1,969$1,541$1,195$920$246
23 years$2,359$1,842$1,422$1,088$826$205
24 years$2,237$1,726$1,315$993$742$171
25 years$2,124$1,619$1,218$906$668$143
26 years$2,021$1,522$1,130$829$602$119
27 years$1,925$1,432$1,049$759$543$99
28 years$1,837$1,350$975$695$490$83
29 years$1,754$1,273$908$637$442$69
30 years$1,677$1,202$846$585$399$58
31 years$1,606$1,137$788$537$361$48
32 years$1,539$1,076$735$494$327$40
33 years$1,476$1,019$687$454$296$34
34 years$1,417$965$642$418$268$28
35 years$1,361$916$600$385$242$24
36 years$1,309$869$561$354$220$20
37 years$1,259$825$525$326$199$16
38 years$1,213$784$492$301$180$14
39 years$1,168$746$461$277$164$12
40 years$1,127$710$432$256$148$10
41 years$1,087$676$405$236$135$8
42 years$1,049$643$380$218$122$7
43 years$1,013$613$357$201$111$6
44 years$979$584$335$186$101$5
45 years$946$557$314$171$91$4
46 years$915$532$295$158$83$3
47 years$886$507$277$146$75$3
48 years$857$484$261$135$68$2
49 years$830$462$245$125$62$2
50 years$805$442$230$116$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $824,000, adding $6,342 every year, while hoping to spend $28,727 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: 62/14/24 Blend
53$824,000$824,000$824,000$824,000
54$914,590$870,918$858,146$965,131
55$977,313$883,027$856,328$1,012,213
56$1,045,470$894,768$853,487$1,059,875
57$1,119,587$906,090$849,558$1,111,281
58$1,200,239$916,943$844,472$1,166,798
59$1,288,061$927,271$838,160$1,226,835
60$1,383,751$937,015$830,546$1,291,842
61$1,488,077$946,112$821,552$1,362,315
62$1,601,885$954,495$811,098$1,438,801
63$1,726,105$962,092$799,097$1,521,906
64$1,861,761$968,828$785,460$1,612,294
65$2,009,981$974,622$770,094$1,710,703
66$2,172,007$979,386$752,900$1,817,943
67$2,349,205$983,029$733,776$1,934,909
68$2,543,080$985,454$712,614$2,062,589
69$2,755,290$986,557$689,302$2,202,072
70$2,987,659$986,228$663,723$2,354,558
71$3,242,196$984,349$635,754$2,521,375
72$3,521,115$980,797$605,266$2,703,983
73$3,826,853$975,440$572,126$2,903,996
74$4,162,092$968,137$536,193$3,123,192
75$4,529,791$958,741$497,321$3,363,532
76$4,933,205$947,094$455,357$3,627,181
77$5,375,920$933,030$410,139$3,916,525
78$5,861,888$916,372$361,502$4,234,196
79$6,395,459$896,933$309,271$4,583,096
80$6,981,427$874,515$253,264$4,966,427
81$7,625,074$848,907$193,289$5,387,719
82$8,332,217$819,889$129,150$5,850,865
83$9,109,263$787,224$60,636$6,360,157
84$9,963,274$750,664$0$6,920,329
85$10,902,027$709,945$0$7,539,796
86$11,934,092$664,791$0$8,237,898
87$13,068,909$614,905$0$9,005,497
88$14,316,880$559,978$0$9,849,652
89$15,689,465$499,680$0$10,778,147
90$17,199,290$433,664$0$11,799,555
91$18,860,266$361,562$0$12,923,327
92$20,687,721$282,986$0$14,159,878
93$22,698,544$197,527$0$15,520,686
94$24,911,341$104,752$0$17,018,402
95$27,346,617$4,204$0$18,666,964
96$30,026,961$0$0$20,481,739
97$32,977,267$0$0$22,495,770
98$36,224,963$0$0$24,713,604
99$39,800,269$0$0$27,155,239
100$43,736,488$0$0$29,843,428