Can I retire at age 54 with 828,000?

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 $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%12.8%
1 years$68,375$67,766$67,172$66,592$66,026$65,255
2 years$33,849$33,219$32,608$32,015$31,441$30,665
3 years$22,342$21,709$21,099$20,513$19,947$19,190
4 years$16,590$15,958$15,355$14,778$14,227$13,495
5 years$13,139$12,512$11,916$11,351$10,815$10,110
6 years$10,839$10,217$9,630$9,078$8,557$7,880
7 years$9,197$8,580$8,003$7,463$6,959$6,310
8 years$7,966$7,355$6,787$6,261$5,774$5,153
9 years$7,010$6,403$5,845$5,333$4,862$4,269
10 years$6,244$5,644$5,096$4,597$4,143$3,577
11 years$5,619$5,025$4,487$4,001$3,563$3,024
12 years$5,098$4,510$3,982$3,509$3,088$2,575
13 years$4,658$4,076$3,557$3,098$2,692$2,206
14 years$4,280$3,705$3,196$2,750$2,360$1,899
15 years$3,954$3,384$2,886$2,453$2,078$1,641
16 years$3,668$3,105$2,617$2,196$1,837$1,423
17 years$3,417$2,860$2,381$1,973$1,628$1,238
18 years$3,193$2,642$2,173$1,778$1,448$1,079
19 years$2,994$2,449$1,990$1,607$1,291$943
20 years$2,814$2,276$1,826$1,455$1,153$825
21 years$2,652$2,120$1,680$1,321$1,032$723
22 years$2,505$1,979$1,548$1,201$925$635
23 years$2,370$1,851$1,429$1,094$830$558
24 years$2,248$1,734$1,322$997$746$491
25 years$2,135$1,627$1,224$911$671$433
26 years$2,031$1,529$1,136$833$605$381
27 years$1,935$1,439$1,054$762$545$336
28 years$1,845$1,356$980$698$492$297
29 years$1,763$1,279$912$641$444$262
30 years$1,685$1,208$850$588$401$231
31 years$1,613$1,142$792$540$363$205
32 years$1,546$1,081$739$496$328$181
33 years$1,483$1,024$690$456$297$160
34 years$1,423$970$645$420$269$141
35 years$1,368$920$603$386$244$125
36 years$1,315$873$564$356$221$111
37 years$1,265$829$528$328$200$98
38 years$1,218$788$494$302$181$87
39 years$1,174$750$463$279$164$77
40 years$1,132$713$434$257$149$68
41 years$1,092$679$407$237$135$60
42 years$1,054$647$382$219$123$53
43 years$1,018$616$358$202$111$47
44 years$984$587$336$187$101$42
45 years$951$560$316$172$92$37
46 years$920$534$297$159$83$33
47 years$890$510$279$147$76$29
48 years$862$487$262$136$69$26
49 years$834$465$246$126$62$23
50 years$808$444$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 $828,000, adding $2,101 every year, while hoping to spend $56,189 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: 50/44/6 Blend
53$828,000$828,000$828,000$828,000
54$914,623$870,739$857,905$958,893
55$948,130$853,621$826,860$972,149
56$983,171$833,780$792,892$980,333
57$1,019,845$811,025$755,844$987,884
58$1,058,255$785,151$715,550$994,757
59$1,098,516$755,943$671,840$1,000,903
60$1,140,751$723,171$624,534$1,006,274
61$1,185,096$686,594$573,444$1,010,821
62$1,231,695$645,957$518,374$1,014,495
63$1,280,708$600,988$459,119$1,017,246
64$1,332,306$551,403$395,466$1,019,023
65$1,386,678$496,899$327,191$1,019,776
66$1,444,028$437,155$254,060$1,019,458
67$1,504,578$371,836$175,831$1,018,019
68$1,568,573$300,583$92,249$1,015,413
69$1,636,276$223,021$3,048$1,011,597
70$1,707,978$138,751$0$1,006,529
71$1,783,995$47,352$0$1,006,071
72$1,864,673$0$0$1,004,882
73$1,950,389$0$0$1,027,752
74$2,041,557$0$0$1,076,508
75$2,138,629$0$0$1,128,471
76$2,242,101$0$0$1,183,911
77$2,352,514$0$0$1,243,128
78$2,470,465$0$0$1,306,445
79$2,596,603$0$0$1,374,222
80$2,731,642$0$0$1,446,849
81$2,876,367$0$0$1,524,756
82$3,031,636$0$0$1,608,415
83$3,198,391$0$0$1,698,344
84$3,377,667$0$0$1,795,110
85$3,570,601$0$0$1,899,338
86$3,778,438$0$0$2,011,712
87$4,002,550$0$0$2,132,986
88$4,244,440$0$0$2,263,987
89$4,505,763$0$0$2,405,622
90$4,788,334$0$0$2,558,892
91$5,094,152$0$0$2,724,894
92$5,425,412$0$0$2,904,836
93$5,784,527$0$0$3,100,044
94$6,174,153$0$0$3,311,980
95$6,597,208$0$0$3,542,249
96$7,056,902$0$0$3,792,617
97$7,556,770$0$0$4,065,029
98$8,100,696$0$0$4,361,621
99$8,692,956$0$0$4,684,748
100$9,338,255$0$0$5,036,998