Can I retire at age 54 with 827,000?

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 $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%14.2%
1 years$68,293$67,685$67,091$66,512$65,946$64,800
2 years$33,808$33,179$32,568$31,977$31,403$30,252
3 years$22,315$21,683$21,074$20,488$19,923$18,804
4 years$16,569$15,939$15,336$14,760$14,209$13,129
5 years$13,123$12,496$11,902$11,337$10,802$9,764
6 years$10,826$10,204$9,618$9,067$8,547$7,554
7 years$9,186$8,570$7,993$7,454$6,951$6,002
8 years$7,957$7,346$6,779$6,253$5,767$4,861
9 years$7,001$6,396$5,838$5,326$4,856$3,994
10 years$6,237$5,638$5,090$4,591$4,138$3,319
11 years$5,612$5,019$4,481$3,996$3,559$2,781
12 years$5,092$4,505$3,977$3,505$3,084$2,347
13 years$4,652$4,071$3,553$3,094$2,689$1,992
14 years$4,275$3,700$3,193$2,747$2,357$1,699
15 years$3,949$3,380$2,882$2,450$2,076$1,454
16 years$3,664$3,101$2,613$2,193$1,834$1,249
17 years$3,413$2,856$2,378$1,971$1,627$1,075
18 years$3,189$2,639$2,171$1,776$1,446$928
19 years$2,990$2,446$1,987$1,605$1,289$803
20 years$2,811$2,273$1,824$1,453$1,151$695
21 years$2,649$2,117$1,678$1,319$1,030$603
22 years$2,502$1,976$1,546$1,199$924$524
23 years$2,368$1,848$1,428$1,092$829$456
24 years$2,245$1,732$1,320$996$745$396
25 years$2,132$1,625$1,223$910$671$345
26 years$2,028$1,527$1,134$832$604$301
27 years$1,932$1,438$1,053$761$545$262
28 years$1,843$1,355$979$698$491$229
29 years$1,760$1,278$911$640$444$200
30 years$1,683$1,207$849$587$401$175
31 years$1,611$1,141$791$539$362$153
32 years$1,544$1,079$738$496$328$133
33 years$1,481$1,022$689$456$297$117
34 years$1,422$969$644$419$269$102
35 years$1,366$919$602$386$243$89
36 years$1,313$872$563$355$220$78
37 years$1,264$828$527$328$200$68
38 years$1,217$787$494$302$181$60
39 years$1,173$749$463$278$164$52
40 years$1,131$712$434$257$149$46
41 years$1,091$678$406$237$135$40
42 years$1,053$646$381$219$123$35
43 years$1,017$615$358$202$111$31
44 years$983$586$336$186$101$27
45 years$950$559$315$172$92$23
46 years$919$533$296$159$83$21
47 years$889$509$278$147$76$18
48 years$861$486$261$136$69$16
49 years$833$464$246$125$62$14
50 years$807$443$231$116$57$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $827,000, adding $2,924 every year, while hoping to spend $54,076 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: 60/20/20 Blend
53$827,000$827,000$827,000$827,000
54$914,370$870,539$857,721$964,277
55$950,099$855,659$828,918$983,531
56$987,661$838,238$797,338$998,325
57$1,027,184$818,093$762,830$1,013,243
58$1,068,810$795,033$725,238$1,028,308
59$1,112,693$768,853$684,398$1,043,544
60$1,159,000$739,340$640,138$1,058,981
61$1,207,914$706,263$592,278$1,074,655
62$1,259,634$669,383$540,632$1,090,610
63$1,314,377$628,444$485,005$1,106,894
64$1,372,382$583,176$425,191$1,123,566
65$1,433,907$533,294$360,977$1,140,695
66$1,499,237$478,496$292,141$1,158,358
67$1,568,681$418,464$218,449$1,176,645
68$1,642,578$352,861$139,659$1,195,661
69$1,721,301$281,331$55,517$1,215,524
70$1,805,255$203,498$0$1,236,370
71$1,894,887$118,965$0$1,265,667
72$1,990,685$27,314$0$1,309,396
73$2,093,183$0$0$1,355,957
74$2,202,969$0$0$1,421,463
75$2,320,685$0$0$1,498,190
76$2,447,039$0$0$1,580,594
77$2,582,805$0$0$1,669,184
78$2,728,832$0$0$1,764,523
79$2,886,057$0$0$1,867,226
80$3,055,502$0$0$1,977,971
81$3,238,296$0$0$2,097,501
82$3,435,676$0$0$2,226,633
83$3,649,001$0$0$2,366,265
84$3,879,766$0$0$2,517,384
85$4,129,614$0$0$2,681,074
86$4,400,351$0$0$2,858,528
87$4,693,962$0$0$3,051,058
88$5,012,633$0$0$3,260,107
89$5,358,765$0$0$3,487,260
90$5,734,999$0$0$3,734,264
91$6,144,244$0$0$4,003,038
92$6,589,695$0$0$4,295,695
93$7,074,874$0$0$4,614,561
94$7,603,650$0$0$4,962,192
95$8,180,287$0$0$5,341,406
96$8,809,474$0$0$5,755,302
97$9,496,375$0$0$6,207,291
98$10,246,672$0$0$6,701,128
99$11,066,621$0$0$7,240,949
100$11,963,112$0$0$7,831,305