Can I retire at age 54 with 827,000?

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 $827,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$68,293$67,685$67,091$66,512$65,946$63,963
2 years$33,808$33,179$32,568$31,977$31,403$29,422
3 years$22,315$21,683$21,074$20,488$19,923$18,006
4 years$16,569$15,939$15,336$14,760$14,209$12,371
5 years$13,123$12,496$11,902$11,337$10,802$9,047
6 years$10,826$10,204$9,618$9,067$8,547$6,878
7 years$9,186$8,570$7,993$7,454$6,951$5,367
8 years$7,957$7,346$6,779$6,253$5,767$4,266
9 years$7,001$6,396$5,838$5,326$4,856$3,439
10 years$6,237$5,638$5,090$4,591$4,138$2,801
11 years$5,612$5,019$4,481$3,996$3,559$2,300
12 years$5,092$4,505$3,977$3,505$3,084$1,901
13 years$4,652$4,071$3,553$3,094$2,689$1,579
14 years$4,275$3,700$3,193$2,747$2,357$1,317
15 years$3,949$3,380$2,882$2,450$2,076$1,103
16 years$3,664$3,101$2,613$2,193$1,834$926
17 years$3,413$2,856$2,378$1,971$1,627$779
18 years$3,189$2,639$2,171$1,776$1,446$657
19 years$2,990$2,446$1,987$1,605$1,289$555
20 years$2,811$2,273$1,824$1,453$1,151$469
21 years$2,649$2,117$1,678$1,319$1,030$397
22 years$2,502$1,976$1,546$1,199$924$336
23 years$2,368$1,848$1,428$1,092$829$285
24 years$2,245$1,732$1,320$996$745$242
25 years$2,132$1,625$1,223$910$671$205
26 years$2,028$1,527$1,134$832$604$175
27 years$1,932$1,438$1,053$761$545$148
28 years$1,843$1,355$979$698$491$126
29 years$1,760$1,278$911$640$444$107
30 years$1,683$1,207$849$587$401$91
31 years$1,611$1,141$791$539$362$78
32 years$1,544$1,079$738$496$328$66
33 years$1,481$1,022$689$456$297$56
34 years$1,422$969$644$419$269$48
35 years$1,366$919$602$386$243$41
36 years$1,313$872$563$355$220$35
37 years$1,264$828$527$328$200$30
38 years$1,217$787$494$302$181$25
39 years$1,173$749$463$278$164$21
40 years$1,131$712$434$257$149$18
41 years$1,091$678$406$237$135$16
42 years$1,053$646$381$219$123$13
43 years$1,017$615$358$202$111$11
44 years$983$586$336$186$101$10
45 years$950$559$315$172$92$8
46 years$919$533$296$159$83$7
47 years$889$509$278$147$76$6
48 years$861$486$261$136$69$5
49 years$833$464$246$125$62$4
50 years$807$443$231$116$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $827,000, adding $3,365 every year, while hoping to spend $52,902 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: 39/32/29 Blend
53$827,000$827,000$827,000$827,000
54$914,825$870,994$858,175$942,531
55$951,850$857,385$830,637$949,516
56$990,878$841,337$800,403$951,956
57$1,032,058$822,673$767,327$953,596
58$1,075,553$801,208$731,257$954,396
59$1,121,537$776,746$692,032$954,318
60$1,170,205$749,077$649,486$953,326
61$1,221,767$717,983$603,445$951,384
62$1,276,452$683,229$553,725$948,457
63$1,334,512$644,569$500,137$944,516
64$1,396,222$601,743$442,481$939,529
65$1,461,882$554,474$380,550$933,472
66$1,531,822$502,471$314,126$926,324
67$1,606,401$445,426$242,983$918,068
68$1,686,016$383,013$166,885$908,694
69$1,771,098$314,889$85,583$898,198
70$1,862,120$240,689$0$886,585
71$1,959,604$160,031$0$874,234
72$2,064,119$72,507$0$889,090
73$2,176,291$0$0$904,766
74$2,296,805$0$0$929,262
75$2,426,416$0$0$983,144
76$2,565,950$0$0$1,041,233
77$2,716,316$0$0$1,103,918
78$2,878,511$0$0$1,171,626
79$3,053,631$0$0$1,244,826
80$3,242,882$0$0$1,324,034
81$3,447,586$0$0$1,409,816
82$3,669,199$0$0$1,502,797
83$3,909,320$0$0$1,603,660
84$4,169,709$0$0$1,713,160
85$4,452,298$0$0$1,832,126
86$4,759,216$0$0$1,961,470
87$5,092,802$0$0$2,102,194
88$5,455,631$0$0$2,255,403
89$5,850,533$0$0$2,422,311
90$6,280,627$0$0$2,604,254
91$6,749,340$0$0$2,802,705
92$7,260,447$0$0$3,019,280
93$7,818,101$0$0$3,255,764
94$8,426,874$0$0$3,514,117
95$9,091,798$0$0$3,796,499
96$9,818,415$0$0$4,105,288
97$10,612,823$0$0$4,443,103
98$11,481,737$0$0$4,812,826
99$12,432,553$0$0$5,217,631
100$13,473,412$0$0$5,661,014