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%18.3%
1 years$68,293$67,685$67,091$66,512$65,946$63,733
2 years$33,808$33,179$32,568$31,977$31,403$29,195
3 years$22,315$21,683$21,074$20,488$19,923$17,790
4 years$16,569$15,939$15,336$14,760$14,209$12,167
5 years$13,123$12,496$11,902$11,337$10,802$8,856
6 years$10,826$10,204$9,618$9,067$8,547$6,699
7 years$9,186$8,570$7,993$7,454$6,951$5,201
8 years$7,957$7,346$6,779$6,253$5,767$4,113
9 years$7,001$6,396$5,838$5,326$4,856$3,297
10 years$6,237$5,638$5,090$4,591$4,138$2,670
11 years$5,612$5,019$4,481$3,996$3,559$2,180
12 years$5,092$4,505$3,977$3,505$3,084$1,791
13 years$4,652$4,071$3,553$3,094$2,689$1,479
14 years$4,275$3,700$3,193$2,747$2,357$1,226
15 years$3,949$3,380$2,882$2,450$2,076$1,020
16 years$3,664$3,101$2,613$2,193$1,834$850
17 years$3,413$2,856$2,378$1,971$1,627$711
18 years$3,189$2,639$2,171$1,776$1,446$595
19 years$2,990$2,446$1,987$1,605$1,289$499
20 years$2,811$2,273$1,824$1,453$1,151$419
21 years$2,649$2,117$1,678$1,319$1,030$352
22 years$2,502$1,976$1,546$1,199$924$297
23 years$2,368$1,848$1,428$1,092$829$250
24 years$2,245$1,732$1,320$996$745$210
25 years$2,132$1,625$1,223$910$671$177
26 years$2,028$1,527$1,134$832$604$150
27 years$1,932$1,438$1,053$761$545$126
28 years$1,843$1,355$979$698$491$106
29 years$1,760$1,278$911$640$444$90
30 years$1,683$1,207$849$587$401$76
31 years$1,611$1,141$791$539$362$64
32 years$1,544$1,079$738$496$328$54
33 years$1,481$1,022$689$456$297$46
34 years$1,422$969$644$419$269$39
35 years$1,366$919$602$386$243$33
36 years$1,313$872$563$355$220$28
37 years$1,264$828$527$328$200$23
38 years$1,217$787$494$302$181$20
39 years$1,173$749$463$278$164$17
40 years$1,131$712$434$257$149$14
41 years$1,091$678$406$237$135$12
42 years$1,053$646$381$219$123$10
43 years$1,017$615$358$202$111$8
44 years$983$586$336$186$101$7
45 years$950$559$315$172$92$6
46 years$919$533$296$159$83$5
47 years$889$509$278$147$76$4
48 years$861$486$261$136$69$4
49 years$833$464$246$125$62$3
50 years$807$443$231$116$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $827,000, adding $6,872 every year, while hoping to spend $32,526 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: 62/13/25 Blend
53$827,000$827,000$827,000$827,000
54$918,442$874,611$861,793$968,900
55$977,516$882,860$856,056$1,012,156
56$1,041,525$890,423$849,036$1,055,192
57$1,110,939$897,231$840,657$1,101,470
58$1,186,273$903,214$830,837$1,151,310
59$1,268,094$908,293$819,491$1,205,068
60$1,357,027$912,387$806,532$1,263,137
61$1,453,759$915,408$791,865$1,325,949
62$1,559,044$917,265$775,394$1,393,984
63$1,673,713$917,858$757,017$1,467,769
64$1,798,682$917,083$736,627$1,547,888
65$1,934,956$914,828$714,113$1,634,983
66$2,083,644$910,977$689,358$1,729,767
67$2,245,964$905,404$662,240$1,833,024
68$2,423,260$897,976$632,632$1,945,620
69$2,617,008$888,553$600,401$2,068,511
70$2,828,836$876,985$565,408$2,202,753
71$3,060,534$863,114$527,506$2,349,509
72$3,314,075$846,773$486,544$2,510,066
73$3,591,630$827,784$442,362$2,685,842
74$3,895,590$805,960$394,796$2,878,403
75$4,228,590$781,101$343,671$3,089,475
76$4,593,528$752,997$288,806$3,320,965
77$4,993,599$721,426$230,012$3,574,977
78$5,432,321$686,150$167,092$3,853,829
79$5,913,568$646,921$99,839$4,160,084
80$6,441,607$603,475$28,039$4,496,564
81$7,021,138$555,534$0$4,866,386
82$7,657,341$502,801$0$5,285,946
83$8,355,917$444,966$0$5,754,900
84$9,123,151$381,699$0$6,270,008
85$9,965,963$312,653$0$6,835,951
86$10,891,977$237,459$0$7,457,889
87$11,909,593$155,729$0$8,141,505
88$13,028,066$67,054$0$8,893,067
89$14,257,589$0$0$9,719,480
90$15,609,394$0$0$10,632,504
91$17,095,855$0$0$11,647,092
92$18,730,606$0$0$12,762,964
93$20,528,668$0$0$13,990,384
94$22,506,589$0$0$15,340,657
95$24,682,604$0$0$16,826,240
96$27,076,803$0$0$18,460,858
97$29,711,323$0$0$20,259,636
98$32,610,553$0$0$22,239,236
99$35,801,368$0$0$24,418,018
100$39,313,379$0$0$26,816,213