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%16.8%
1 years$68,128$67,521$66,929$66,351$65,787$63,963
2 years$33,727$33,098$32,490$31,899$31,327$29,503
3 years$22,261$21,630$21,023$20,438$19,875$18,108
4 years$16,529$15,900$15,299$14,725$14,175$12,479
5 years$13,091$12,466$11,873$11,310$10,776$9,155
6 years$10,800$10,180$9,595$9,045$8,526$6,982
7 years$9,164$8,549$7,974$7,436$6,934$5,467
8 years$7,938$7,328$6,762$6,238$5,753$4,362
9 years$6,984$6,380$5,824$5,313$4,845$3,528
10 years$6,222$5,624$5,078$4,580$4,128$2,885
11 years$5,599$5,007$4,470$3,986$3,550$2,378
12 years$5,080$4,494$3,967$3,496$3,076$1,973
13 years$4,641$4,061$3,545$3,087$2,683$1,646
14 years$4,265$3,691$3,185$2,740$2,352$1,379
15 years$3,940$3,372$2,875$2,444$2,071$1,159
16 years$3,655$3,094$2,607$2,188$1,830$977
17 years$3,404$2,849$2,372$1,966$1,623$826
18 years$3,182$2,633$2,166$1,772$1,443$699
19 years$2,983$2,440$1,982$1,601$1,286$593
20 years$2,804$2,267$1,819$1,450$1,149$504
21 years$2,642$2,112$1,674$1,316$1,028$428
22 years$2,496$1,972$1,542$1,196$921$365
23 years$2,362$1,844$1,424$1,090$827$311
24 years$2,239$1,728$1,317$994$743$265
25 years$2,127$1,621$1,220$908$669$226
26 years$2,023$1,524$1,131$830$603$193
27 years$1,928$1,434$1,051$760$543$165
28 years$1,839$1,351$977$696$490$141
29 years$1,756$1,275$909$638$443$120
30 years$1,679$1,204$847$586$400$103
31 years$1,608$1,138$789$538$362$88
32 years$1,540$1,077$736$494$327$75
33 years$1,477$1,020$688$455$296$64
34 years$1,418$967$642$418$268$55
35 years$1,363$917$601$385$243$47
36 years$1,310$870$562$355$220$40
37 years$1,261$826$526$327$199$34
38 years$1,214$785$492$301$181$29
39 years$1,170$747$461$278$164$25
40 years$1,128$711$432$256$149$22
41 years$1,088$676$406$236$135$18
42 years$1,050$644$380$218$122$16
43 years$1,014$614$357$201$111$14
44 years$980$585$335$186$101$12
45 years$948$558$315$172$92$10
46 years$917$532$295$159$83$8
47 years$887$508$278$147$75$7
48 years$859$485$261$135$69$6
49 years$831$463$245$125$62$5
50 years$805$442$231$116$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $825,000, adding $3,196 every year, while hoping to spend $51,194 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: 40/38/22 Blend
53$825,000$825,000$825,000$825,000
54$912,447$868,722$855,934$942,890
55$951,046$856,819$830,138$953,153
56$991,867$842,617$801,762$959,148
57$1,035,082$825,950$770,665$964,601
58$1,080,879$806,640$736,701$969,491
59$1,129,464$784,501$699,716$973,799
60$1,181,063$759,335$659,550$977,509
61$1,235,921$730,932$616,034$980,608
62$1,294,307$699,070$568,994$983,087
63$1,356,518$663,516$518,247$984,940
64$1,422,875$624,020$463,600$986,168
65$1,493,732$580,321$404,854$986,777
66$1,569,476$532,141$341,801$986,780
67$1,650,534$479,186$274,222$986,197
68$1,737,369$421,148$201,890$985,058
69$1,830,494$357,697$124,566$983,406
70$1,930,469$288,489$42,004$981,292
71$2,037,910$213,157$0$978,783
72$2,153,491$131,316$0$986,785
73$2,277,954$42,558$0$1,005,801
74$2,412,114$0$0$1,026,147
75$2,556,866$0$0$1,070,428
76$2,713,191$0$0$1,137,552
77$2,882,171$0$0$1,210,198
78$3,064,992$0$0$1,288,888
79$3,262,959$0$0$1,374,194
80$3,477,507$0$0$1,466,747
81$3,710,214$0$0$1,567,240
82$3,962,813$0$0$1,676,437
83$4,237,214$0$0$1,795,176
84$4,535,514$0$0$1,924,380
85$4,860,024$0$0$2,065,066
86$5,213,283$0$0$2,218,349
87$5,598,086$0$0$2,385,461
88$6,017,511$0$0$2,567,755
89$6,474,942$0$0$2,766,721
90$6,974,106$0$0$2,983,998
91$7,519,105$0$0$3,221,393
92$8,114,453$0$0$3,480,892
93$8,765,121$0$0$3,764,683
94$9,476,581$0$0$4,075,177
95$10,254,860$0$0$4,415,026
96$11,106,590$0$0$4,787,151
97$12,039,077$0$0$5,194,770
98$13,060,365$0$0$5,641,424
99$14,179,314$0$0$6,131,016
100$15,405,680$0$0$6,667,842