Can I retire at age 54 with 824,000?

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 $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%14%
1 years$68,045$67,439$66,848$66,271$65,707$64,618
2 years$33,686$33,058$32,450$31,861$31,289$30,196
3 years$22,234$21,604$20,998$20,414$19,851$18,787
4 years$16,509$15,881$15,281$14,707$14,158$13,131
5 years$13,075$12,451$11,859$11,296$10,763$9,776
6 years$10,787$10,167$9,583$9,034$8,516$7,571
7 years$9,153$8,538$7,964$7,427$6,926$6,022
8 years$7,928$7,319$6,754$6,230$5,746$4,883
9 years$6,976$6,373$5,817$5,307$4,839$4,017
10 years$6,214$5,617$5,072$4,575$4,123$3,342
11 years$5,592$5,001$4,465$3,981$3,546$2,804
12 years$5,073$4,488$3,963$3,492$3,073$2,370
13 years$4,635$4,056$3,540$3,083$2,679$2,014
14 years$4,260$3,687$3,181$2,737$2,349$1,719
15 years$3,935$3,368$2,872$2,441$2,068$1,474
16 years$3,651$3,090$2,604$2,185$1,828$1,268
17 years$3,400$2,846$2,369$1,964$1,621$1,093
18 years$3,178$2,630$2,163$1,770$1,441$945
19 years$2,979$2,437$1,980$1,599$1,284$818
20 years$2,801$2,265$1,817$1,448$1,147$710
21 years$2,639$2,110$1,671$1,314$1,027$617
22 years$2,493$1,969$1,541$1,195$920$537
23 years$2,359$1,842$1,422$1,088$826$467
24 years$2,237$1,726$1,315$993$742$407
25 years$2,124$1,619$1,218$906$668$355
26 years$2,021$1,522$1,130$829$602$310
27 years$1,925$1,432$1,049$759$543$271
28 years$1,837$1,350$975$695$490$237
29 years$1,754$1,273$908$637$442$207
30 years$1,677$1,202$846$585$399$181
31 years$1,606$1,137$788$537$361$158
32 years$1,539$1,076$735$494$327$139
33 years$1,476$1,019$687$454$296$121
34 years$1,417$965$642$418$268$106
35 years$1,361$916$600$385$242$93
36 years$1,309$869$561$354$220$82
37 years$1,259$825$525$326$199$72
38 years$1,213$784$492$301$180$63
39 years$1,168$746$461$277$164$55
40 years$1,127$710$432$256$148$48
41 years$1,087$676$405$236$135$42
42 years$1,049$643$380$218$122$37
43 years$1,013$613$357$201$111$32
44 years$979$584$335$186$101$28
45 years$946$557$314$171$91$25
46 years$915$532$295$158$83$22
47 years$886$507$277$146$75$19
48 years$857$484$261$135$68$17
49 years$830$462$245$125$62$15
50 years$805$442$230$116$56$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $824,000, adding $2,180 every year, while hoping to spend $39,796 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: 62/10/28 Blend
53$824,000$824,000$824,000$824,000
54$910,297$866,625$853,853$959,774
55$960,804$866,747$840,114$993,776
56$1,015,130$865,541$824,581$1,026,376
57$1,073,621$862,900$807,153$1,061,125
58$1,136,659$858,711$787,721$1,098,243
59$1,204,663$852,852$766,174$1,137,970
60$1,278,093$845,197$742,396$1,180,573
61$1,357,456$835,609$716,264$1,226,350
62$1,443,307$823,944$687,649$1,275,627
63$1,536,258$810,051$656,419$1,328,769
64$1,636,981$793,768$622,433$1,386,176
65$1,746,213$774,923$585,545$1,448,293
66$1,864,769$753,337$545,603$1,515,614
67$1,993,542$728,816$502,447$1,588,681
68$2,133,514$701,159$455,910$1,668,097
69$2,285,767$670,151$405,818$1,754,529
70$2,451,491$635,564$351,988$1,848,712
71$2,631,995$597,158$294,232$1,951,462
72$2,828,720$554,680$232,349$2,063,679
73$3,043,250$507,861$166,134$2,186,357
74$3,277,332$456,416$95,370$2,320,598
75$3,532,886$400,046$19,831$2,467,616
76$3,812,026$338,435$0$2,628,755
77$4,117,080$271,245$0$2,823,660
78$4,450,611$198,125$0$3,043,312
79$4,815,441$118,700$0$3,283,669
80$5,214,675$32,576$0$3,546,813
81$5,651,734$0$0$3,835,035
82$6,130,387$0$0$4,157,539
83$6,654,780$0$0$4,514,849
84$7,229,484$0$0$4,906,503
85$7,859,528$0$0$5,335,936
86$8,550,455$0$0$5,806,933
87$9,308,368$0$0$6,323,665
88$10,139,989$0$0$6,890,722
89$11,052,725$0$0$7,513,164
90$12,054,731$0$0$8,196,561
91$13,154,992$0$0$8,947,053
92$14,363,406$0$0$9,771,399
93$15,690,876$0$0$10,677,049
94$17,149,415$0$0$11,672,208
95$18,752,253$0$0$12,765,915
96$20,513,969$0$0$13,968,129
97$22,450,623$0$0$15,289,822
98$24,579,909$0$0$16,743,081
99$26,921,321$0$0$18,341,224
100$29,496,337$0$0$20,098,924