Can I retire at age 54 with 825,000?

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 $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%13.7%
1 years$68,128$67,521$66,929$66,351$65,787$64,777
2 years$33,727$33,098$32,490$31,899$31,327$30,312
3 years$22,261$21,630$21,023$20,438$19,875$18,887
4 years$16,529$15,900$15,299$14,725$14,175$13,221
5 years$13,091$12,466$11,873$11,310$10,776$9,858
6 years$10,800$10,180$9,595$9,045$8,526$7,647
7 years$9,164$8,549$7,974$7,436$6,934$6,093
8 years$7,938$7,328$6,762$6,238$5,753$4,949
9 years$6,984$6,380$5,824$5,313$4,845$4,079
10 years$6,222$5,624$5,078$4,580$4,128$3,399
11 years$5,599$5,007$4,470$3,986$3,550$2,858
12 years$5,080$4,494$3,967$3,496$3,076$2,419
13 years$4,641$4,061$3,545$3,087$2,683$2,060
14 years$4,265$3,691$3,185$2,740$2,352$1,763
15 years$3,940$3,372$2,875$2,444$2,071$1,514
16 years$3,655$3,094$2,607$2,188$1,830$1,305
17 years$3,404$2,849$2,372$1,966$1,623$1,128
18 years$3,182$2,633$2,166$1,772$1,443$977
19 years$2,983$2,440$1,982$1,601$1,286$848
20 years$2,804$2,267$1,819$1,450$1,149$737
21 years$2,642$2,112$1,674$1,316$1,028$642
22 years$2,496$1,972$1,542$1,196$921$560
23 years$2,362$1,844$1,424$1,090$827$489
24 years$2,239$1,728$1,317$994$743$427
25 years$2,127$1,621$1,220$908$669$373
26 years$2,023$1,524$1,131$830$603$327
27 years$1,928$1,434$1,051$760$543$286
28 years$1,839$1,351$977$696$490$251
29 years$1,756$1,275$909$638$443$220
30 years$1,679$1,204$847$586$400$193
31 years$1,608$1,138$789$538$362$169
32 years$1,540$1,077$736$494$327$148
33 years$1,477$1,020$688$455$296$130
34 years$1,418$967$642$418$268$114
35 years$1,363$917$601$385$243$100
36 years$1,310$870$562$355$220$88
37 years$1,261$826$526$327$199$77
38 years$1,214$785$492$301$181$68
39 years$1,170$747$461$278$164$60
40 years$1,128$711$432$256$149$53
41 years$1,088$676$406$236$135$46
42 years$1,050$644$380$218$122$41
43 years$1,014$614$357$201$111$36
44 years$980$585$335$186$101$31
45 years$948$558$315$172$92$28
46 years$917$532$295$159$83$24
47 years$887$508$278$147$75$21
48 years$859$485$261$135$69$19
49 years$831$463$245$125$62$16
50 years$805$442$231$116$57$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $825,000, adding $6,813 every year, while hoping to spend $59,839 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: 75/14/11 Blend
53$825,000$825,000$825,000$825,000
54$916,178$872,453$859,665$982,468
55$945,959$851,535$824,796$1,006,201
56$976,774$827,586$786,753$1,024,001
57$1,008,662$800,395$745,366$1,041,839
58$1,041,669$769,738$700,460$1,059,697
59$1,075,842$735,378$651,848$1,077,560
60$1,111,230$697,063$599,336$1,095,409
61$1,147,885$654,530$542,724$1,113,227
62$1,185,864$607,496$481,800$1,130,993
63$1,225,225$555,666$416,343$1,148,688
64$1,266,030$498,726$346,122$1,166,292
65$1,308,346$436,344$270,899$1,183,784
66$1,352,243$368,171$190,420$1,201,142
67$1,397,797$293,837$104,424$1,218,344
68$1,445,088$212,950$12,638$1,235,370
69$1,494,201$125,098$0$1,252,195
70$1,545,227$29,846$0$1,278,813
71$1,598,265$0$0$1,307,420
72$1,653,418$0$0$1,347,834
73$1,710,799$0$0$1,394,670
74$1,770,528$0$0$1,443,428
75$1,832,734$0$0$1,494,214
76$1,897,555$0$0$1,547,142
77$1,965,142$0$0$1,602,335
78$2,035,655$0$0$1,659,926
79$2,109,267$0$0$1,720,056
80$2,186,166$0$0$1,782,880
81$2,266,554$0$0$1,848,565
82$2,350,649$0$0$1,917,291
83$2,438,689$0$0$1,989,252
84$2,530,929$0$0$2,064,659
85$2,627,648$0$0$2,143,742
86$2,729,148$0$0$2,226,749
87$2,835,754$0$0$2,313,949
88$2,947,824$0$0$2,405,636
89$3,065,744$0$0$2,502,129
90$3,189,935$0$0$2,603,774
91$3,320,855$0$0$2,710,949
92$3,459,004$0$0$2,824,066
93$3,604,925$0$0$2,943,574
94$3,759,214$0$0$3,069,963
95$3,922,517$0$0$3,203,767
96$4,095,543$0$0$3,345,570
97$4,279,065$0$0$3,496,009
98$4,473,928$0$0$3,655,784
99$4,681,057$0$0$3,825,655
100$4,901,462$0$0$4,006,458