Can I retire at age 54 with 828,000?

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 $828,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$68,375$67,766$67,172$66,592$66,026$63,456
2 years$33,849$33,219$32,608$32,015$31,441$28,883
3 years$22,342$21,709$21,099$20,513$19,947$17,482
4 years$16,590$15,958$15,355$14,778$14,227$11,872
5 years$13,139$12,512$11,916$11,351$10,815$8,578
6 years$10,839$10,217$9,630$9,078$8,557$6,439
7 years$9,197$8,580$8,003$7,463$6,959$4,959
8 years$7,966$7,355$6,787$6,261$5,774$3,889
9 years$7,010$6,403$5,845$5,333$4,862$3,091
10 years$6,244$5,644$5,096$4,597$4,143$2,481
11 years$5,619$5,025$4,487$4,001$3,563$2,007
12 years$5,098$4,510$3,982$3,509$3,088$1,634
13 years$4,658$4,076$3,557$3,098$2,692$1,336
14 years$4,280$3,705$3,196$2,750$2,360$1,097
15 years$3,954$3,384$2,886$2,453$2,078$903
16 years$3,668$3,105$2,617$2,196$1,837$746
17 years$3,417$2,860$2,381$1,973$1,628$617
18 years$3,193$2,642$2,173$1,778$1,448$511
19 years$2,994$2,449$1,990$1,607$1,291$424
20 years$2,814$2,276$1,826$1,455$1,153$352
21 years$2,652$2,120$1,680$1,321$1,032$293
22 years$2,505$1,979$1,548$1,201$925$244
23 years$2,370$1,851$1,429$1,094$830$203
24 years$2,248$1,734$1,322$997$746$169
25 years$2,135$1,627$1,224$911$671$141
26 years$2,031$1,529$1,136$833$605$118
27 years$1,935$1,439$1,054$762$545$98
28 years$1,845$1,356$980$698$492$82
29 years$1,763$1,279$912$641$444$68
30 years$1,685$1,208$850$588$401$57
31 years$1,613$1,142$792$540$363$48
32 years$1,546$1,081$739$496$328$40
33 years$1,483$1,024$690$456$297$33
34 years$1,423$970$645$420$269$28
35 years$1,368$920$603$386$244$23
36 years$1,315$873$564$356$221$19
37 years$1,265$829$528$328$200$16
38 years$1,218$788$494$302$181$13
39 years$1,174$750$463$279$164$11
40 years$1,132$713$434$257$149$9
41 years$1,092$679$407$237$135$8
42 years$1,054$647$382$219$123$7
43 years$1,018$616$358$202$111$5
44 years$984$587$336$187$101$5
45 years$951$560$316$172$92$4
46 years$920$534$297$159$83$3
47 years$890$510$279$147$76$3
48 years$862$487$262$136$69$2
49 years$834$465$246$126$62$2
50 years$808$444$231$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $828,000, adding $5,800 every year, while hoping to spend $32,451 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: 69/15/16 Blend
53$828,000$828,000$828,000$828,000
54$918,439$874,555$861,721$977,971
55$977,592$882,880$856,061$1,026,690
56$1,041,691$890,526$849,124$1,075,576
57$1,111,206$897,425$840,832$1,128,241
58$1,186,655$903,504$831,106$1,185,055
59$1,268,606$908,688$819,860$1,246,424
60$1,357,684$912,894$807,006$1,312,797
61$1,454,579$916,037$792,451$1,384,666
62$1,560,047$918,023$776,099$1,462,579
63$1,674,921$918,756$757,847$1,547,137
64$1,800,118$918,130$737,591$1,639,002
65$1,936,647$916,036$715,217$1,738,907
66$2,085,620$912,356$690,612$1,847,658
67$2,248,258$906,967$663,652$1,966,145
68$2,425,907$899,735$634,211$2,095,351
69$2,620,048$890,520$602,156$2,236,357
70$2,832,313$879,176$567,348$2,390,357
71$3,064,497$865,544$529,642$2,558,669
72$3,318,577$849,457$488,887$2,742,745
73$3,596,731$830,739$444,924$2,944,186
74$3,901,356$809,204$397,587$3,164,758
75$4,235,092$784,652$346,704$3,406,410
76$4,600,847$756,876$292,093$3,671,289
77$5,001,822$725,652$233,568$3,961,766
78$5,441,545$690,746$170,930$4,280,451
79$5,923,901$651,910$103,973$4,630,226
80$6,453,167$608,882$32,485$5,014,268
81$7,034,057$561,384$0$5,436,079
82$7,671,761$509,123$0$5,907,002
83$8,371,999$451,788$0$6,430,220
84$9,141,069$389,051$0$7,004,920
85$9,985,910$320,567$0$7,636,325
86$10,914,168$245,970$0$8,330,189
87$11,934,263$164,873$0$9,092,854
88$13,055,474$76,867$0$9,931,312
89$14,288,022$0$0$10,853,265
90$15,643,167$0$0$11,870,255
91$17,133,317$0$0$13,002,563
92$18,772,141$0$0$14,247,896
93$20,574,698$0$0$15,617,703
94$22,557,582$0$0$17,124,602
95$24,739,074$0$0$18,782,491
96$27,139,318$0$0$20,606,687
97$29,780,508$0$0$22,614,066
98$32,687,098$0$0$24,823,220
99$35,886,033$0$0$27,254,637
100$39,407,002$0$0$29,930,892