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%12.8%
1 years$68,293$67,685$67,091$66,512$65,946$65,176
2 years$33,808$33,179$32,568$31,977$31,403$30,628
3 years$22,315$21,683$21,074$20,488$19,923$19,167
4 years$16,569$15,939$15,336$14,760$14,209$13,478
5 years$13,123$12,496$11,902$11,337$10,802$10,098
6 years$10,826$10,204$9,618$9,067$8,547$7,871
7 years$9,186$8,570$7,993$7,454$6,951$6,303
8 years$7,957$7,346$6,779$6,253$5,767$5,146
9 years$7,001$6,396$5,838$5,326$4,856$4,264
10 years$6,237$5,638$5,090$4,591$4,138$3,573
11 years$5,612$5,019$4,481$3,996$3,559$3,021
12 years$5,092$4,505$3,977$3,505$3,084$2,572
13 years$4,652$4,071$3,553$3,094$2,689$2,203
14 years$4,275$3,700$3,193$2,747$2,357$1,896
15 years$3,949$3,380$2,882$2,450$2,076$1,639
16 years$3,664$3,101$2,613$2,193$1,834$1,421
17 years$3,413$2,856$2,378$1,971$1,627$1,236
18 years$3,189$2,639$2,171$1,776$1,446$1,078
19 years$2,990$2,446$1,987$1,605$1,289$942
20 years$2,811$2,273$1,824$1,453$1,151$824
21 years$2,649$2,117$1,678$1,319$1,030$723
22 years$2,502$1,976$1,546$1,199$924$634
23 years$2,368$1,848$1,428$1,092$829$558
24 years$2,245$1,732$1,320$996$745$491
25 years$2,132$1,625$1,223$910$671$432
26 years$2,028$1,527$1,134$832$604$381
27 years$1,932$1,438$1,053$761$545$336
28 years$1,843$1,355$979$698$491$296
29 years$1,760$1,278$911$640$444$262
30 years$1,683$1,207$849$587$401$231
31 years$1,611$1,141$791$539$362$204
32 years$1,544$1,079$738$496$328$181
33 years$1,481$1,022$689$456$297$160
34 years$1,422$969$644$419$269$141
35 years$1,366$919$602$386$243$125
36 years$1,313$872$563$355$220$111
37 years$1,264$828$527$328$200$98
38 years$1,217$787$494$302$181$87
39 years$1,173$749$463$278$164$77
40 years$1,131$712$434$257$149$68
41 years$1,091$678$406$237$135$60
42 years$1,053$646$381$219$123$53
43 years$1,017$615$358$202$111$47
44 years$983$586$336$186$101$42
45 years$950$559$315$172$92$37
46 years$919$533$296$159$83$33
47 years$889$509$278$147$76$29
48 years$861$486$261$136$69$26
49 years$833$464$246$125$62$23
50 years$807$443$231$116$57$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $827,000, adding $6,776 every year, while hoping to spend $31,501 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: 59/28/13 Blend
53$827,000$827,000$827,000$827,000
54$918,343$874,512$861,694$969,176
55$978,498$883,847$857,044$1,013,574
56$1,043,732$892,583$851,182$1,057,849
57$1,114,531$900,658$844,035$1,105,378
58$1,191,428$908,005$835,525$1,156,477
59$1,275,010$914,553$825,572$1,211,498
60$1,365,922$920,227$814,090$1,270,824
61$1,464,874$924,947$800,990$1,334,884
62$1,572,648$928,626$786,179$1,404,146
63$1,690,103$931,173$769,561$1,479,131
64$1,818,185$932,492$751,033$1,560,411
65$1,957,936$932,480$730,488$1,648,620
66$2,110,501$931,028$707,816$1,744,455
67$2,277,144$928,020$682,899$1,848,687
68$2,459,252$923,332$655,616$1,962,168
69$2,658,355$916,834$625,838$2,085,835
70$2,876,136$908,389$593,433$2,220,725
71$3,114,450$897,848$558,261$2,367,983
72$3,375,339$885,057$520,177$2,528,869
73$3,661,049$869,850$479,029$2,704,777
74$3,974,056$852,053$434,657$2,897,243
75$4,317,087$831,481$386,895$3,107,964
76$4,693,143$807,937$335,570$3,338,812
77$5,105,533$781,215$280,500$3,591,850
78$5,557,898$751,095$221,497$3,869,357
79$6,054,249$717,344$158,363$4,173,848
80$6,599,005$679,717$90,891$4,508,095
81$7,197,034$637,954$18,867$4,875,157
82$7,853,698$591,780$0$5,278,410
83$8,574,902$540,904$0$5,729,623
84$9,367,152$485,019$0$6,228,173
85$10,237,617$423,800$0$6,776,005
86$11,194,193$356,905$0$7,378,153
87$12,245,578$283,970$0$8,040,165
88$13,401,355$204,614$0$8,768,160
89$14,672,084$118,430$0$9,568,884
90$16,069,397$24,994$0$10,449,775
91$17,606,110$0$0$11,419,032
92$19,296,343$0$0$12,509,158
93$21,155,653$0$0$13,716,881
94$23,201,182$0$0$15,045,643
95$25,451,817$0$0$16,507,723
96$27,928,365$0$0$18,116,648
97$30,653,757$0$0$19,887,326
98$33,653,254$0$0$21,836,180
99$36,954,693$0$0$23,981,308
100$40,588,746$0$0$26,342,652