Can I retire at age 54 with 825,000?

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 $825,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$68,128$67,521$66,929$66,351$65,787$65,454
2 years$33,727$33,098$32,490$31,899$31,327$30,992
3 years$22,261$21,630$21,023$20,438$19,875$19,547
4 years$16,529$15,900$15,299$14,725$14,175$13,857
5 years$13,091$12,466$11,873$11,310$10,776$10,468
6 years$10,800$10,180$9,595$9,045$8,526$8,230
7 years$9,164$8,549$7,974$7,436$6,934$6,649
8 years$7,938$7,328$6,762$6,238$5,753$5,479
9 years$6,984$6,380$5,824$5,313$4,845$4,582
10 years$6,222$5,624$5,078$4,580$4,128$3,877
11 years$5,599$5,007$4,470$3,986$3,550$3,310
12 years$5,080$4,494$3,967$3,496$3,076$2,847
13 years$4,641$4,061$3,545$3,087$2,683$2,464
14 years$4,265$3,691$3,185$2,740$2,352$2,143
15 years$3,940$3,372$2,875$2,444$2,071$1,872
16 years$3,655$3,094$2,607$2,188$1,830$1,641
17 years$3,404$2,849$2,372$1,966$1,623$1,444
18 years$3,182$2,633$2,166$1,772$1,443$1,273
19 years$2,983$2,440$1,982$1,601$1,286$1,125
20 years$2,804$2,267$1,819$1,450$1,149$996
21 years$2,642$2,112$1,674$1,316$1,028$884
22 years$2,496$1,972$1,542$1,196$921$785
23 years$2,362$1,844$1,424$1,090$827$699
24 years$2,239$1,728$1,317$994$743$622
25 years$2,127$1,621$1,220$908$669$555
26 years$2,023$1,524$1,131$830$603$495
27 years$1,928$1,434$1,051$760$543$442
28 years$1,839$1,351$977$696$490$395
29 years$1,756$1,275$909$638$443$354
30 years$1,679$1,204$847$586$400$316
31 years$1,608$1,138$789$538$362$283
32 years$1,540$1,077$736$494$327$254
33 years$1,477$1,020$688$455$296$227
34 years$1,418$967$642$418$268$204
35 years$1,363$917$601$385$243$183
36 years$1,310$870$562$355$220$164
37 years$1,261$826$526$327$199$147
38 years$1,214$785$492$301$181$132
39 years$1,170$747$461$278$164$119
40 years$1,128$711$432$256$149$106
41 years$1,088$676$406$236$135$96
42 years$1,050$644$380$218$122$86
43 years$1,014$614$357$201$111$77
44 years$980$585$335$186$101$69
45 years$948$558$315$172$92$62
46 years$917$532$295$159$83$56
47 years$887$508$278$147$75$50
48 years$859$485$261$135$69$45
49 years$831$463$245$125$62$41
50 years$805$442$231$116$57$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $825,000, adding $4,884 every year, while hoping to spend $52,476 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: 64/29/7 Blend
53$825,000$825,000$825,000$825,000
54$914,188$870,463$857,675$971,198
55$951,601$857,281$830,573$996,596
56$991,071$841,695$800,805$1,017,682
57$1,032,754$823,532$768,225$1,039,346
58$1,076,816$802,606$732,682$1,061,638
59$1,123,443$778,725$694,018$1,084,619
60$1,172,834$751,683$652,068$1,108,356
61$1,225,210$721,262$606,659$1,132,924
62$1,280,810$687,232$557,610$1,158,410
63$1,339,895$649,349$504,733$1,184,911
64$1,402,753$607,356$447,830$1,212,536
65$1,469,698$560,980$386,696$1,241,410
66$1,541,072$509,934$321,116$1,271,672
67$1,617,253$453,912$250,865$1,303,479
68$1,698,653$392,594$175,709$1,337,007
69$1,785,723$325,639$95,403$1,372,453
70$1,878,960$252,688$9,692$1,410,040
71$1,978,906$173,361$0$1,450,016
72$2,086,157$87,259$0$1,498,768
73$2,201,369$0$0$1,551,670
74$2,325,258$0$0$1,610,294
75$2,458,614$0$0$1,703,413
76$2,602,301$0$0$1,803,789
77$2,757,272$0$0$1,912,093
78$2,924,569$0$0$2,029,059
79$3,105,342$0$0$2,155,496
80$3,300,852$0$0$2,292,294
81$3,512,484$0$0$2,440,429
82$3,741,764$0$0$2,600,974
83$3,990,367$0$0$2,775,111
84$4,260,136$0$0$2,964,139
85$4,553,098$0$0$3,169,485
86$4,871,483$0$0$3,392,721
87$5,217,743$0$0$3,635,576
88$5,594,577$0$0$3,899,951
89$6,004,954$0$0$4,187,939
90$6,452,140$0$0$4,501,842
91$6,939,732$0$0$4,844,197
92$7,471,687$0$0$5,217,790
93$8,052,360$0$0$5,625,695
94$8,686,546$0$0$6,071,289
95$9,379,525$0$0$6,558,296
96$10,137,106$0$0$7,090,810
97$10,965,688$0$0$7,673,344
98$11,872,314$0$0$8,310,863
99$12,864,743$0$0$9,008,836
100$13,951,516$0$0$9,773,286