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%16.5%
1 years$68,375$67,766$67,172$66,592$66,026$64,273
2 years$33,849$33,219$32,608$32,015$31,441$29,687
3 years$22,342$21,709$21,099$20,513$19,947$18,248
4 years$16,590$15,958$15,355$14,778$14,227$12,594
5 years$13,139$12,512$11,916$11,351$10,815$9,254
6 years$10,839$10,217$9,630$9,078$8,557$7,070
7 years$9,197$8,580$8,003$7,463$6,959$5,545
8 years$7,966$7,355$6,787$6,261$5,774$4,431
9 years$7,010$6,403$5,845$5,333$4,862$3,591
10 years$6,244$5,644$5,096$4,597$4,143$2,942
11 years$5,619$5,025$4,487$4,001$3,563$2,429
12 years$5,098$4,510$3,982$3,509$3,088$2,020
13 years$4,658$4,076$3,557$3,098$2,692$1,688
14 years$4,280$3,705$3,196$2,750$2,360$1,417
15 years$3,954$3,384$2,886$2,453$2,078$1,194
16 years$3,668$3,105$2,617$2,196$1,837$1,009
17 years$3,417$2,860$2,381$1,973$1,628$854
18 years$3,193$2,642$2,173$1,778$1,448$725
19 years$2,994$2,449$1,990$1,607$1,291$616
20 years$2,814$2,276$1,826$1,455$1,153$525
21 years$2,652$2,120$1,680$1,321$1,032$447
22 years$2,505$1,979$1,548$1,201$925$382
23 years$2,370$1,851$1,429$1,094$830$326
24 years$2,248$1,734$1,322$997$746$279
25 years$2,135$1,627$1,224$911$671$238
26 years$2,031$1,529$1,136$833$605$204
27 years$1,935$1,439$1,054$762$545$175
28 years$1,845$1,356$980$698$492$149
29 years$1,763$1,279$912$641$444$128
30 years$1,685$1,208$850$588$401$110
31 years$1,613$1,142$792$540$363$94
32 years$1,546$1,081$739$496$328$81
33 years$1,483$1,024$690$456$297$69
34 years$1,423$970$645$420$269$59
35 years$1,368$920$603$386$244$51
36 years$1,315$873$564$356$221$44
37 years$1,265$829$528$328$200$37
38 years$1,218$788$494$302$181$32
39 years$1,174$750$463$279$164$28
40 years$1,132$713$434$257$149$24
41 years$1,092$679$407$237$135$20
42 years$1,054$647$382$219$123$17
43 years$1,018$616$358$202$111$15
44 years$984$587$336$187$101$13
45 years$951$560$316$172$92$11
46 years$920$534$297$159$83$9
47 years$890$510$279$147$76$8
48 years$862$487$262$136$69$7
49 years$834$465$246$126$62$6
50 years$808$444$231$116$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $828,000, adding $3,016 every year, while hoping to spend $59,910 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: 33/43/24 Blend
53$828,000$828,000$828,000$828,000
54$915,567$871,683$858,849$938,979
55$945,211$850,652$823,877$935,794
56$975,871$826,582$785,725$926,750
57$1,007,587$799,262$744,224$915,796
58$1,040,401$768,466$699,196$902,804
59$1,074,359$733,958$650,456$887,637
60$1,109,508$695,486$597,810$870,149
61$1,145,897$652,784$541,056$850,191
62$1,183,579$605,570$479,982$827,601
63$1,222,609$553,549$414,367$802,211
64$1,263,048$496,405$343,980$773,844
65$1,304,957$433,807$268,582$742,313
66$1,348,402$365,404$187,919$707,422
67$1,393,455$290,824$101,730$668,964
68$1,440,190$209,677$9,740$626,722
69$1,488,686$121,548$0$580,468
70$1,539,030$26,002$0$552,607
71$1,591,311$0$0$524,375
72$1,645,627$0$0$529,725
73$1,702,081$0$0$548,091
74$1,760,785$0$0$567,206
75$1,821,856$0$0$587,112
76$1,885,424$0$0$607,853
77$1,951,624$0$0$629,477
78$2,020,603$0$0$652,034
79$2,092,521$0$0$675,580
80$2,167,548$0$0$700,175
81$2,245,868$0$0$725,882
82$2,327,679$0$0$752,771
83$2,413,196$0$0$780,919
84$2,502,650$0$0$810,405
85$2,596,293$0$0$841,318
86$2,694,396$0$0$873,754
87$2,797,255$0$0$907,818
88$2,905,187$0$0$943,622
89$3,018,541$0$0$981,288
90$3,137,694$0$0$1,020,952
91$3,263,055$0$0$1,062,757
92$3,395,070$0$0$1,106,864
93$3,534,225$0$0$1,153,443
94$3,681,048$0$0$1,202,685
95$3,836,118$0$0$1,254,795
96$4,000,061$0$0$1,309,997
97$4,173,566$0$0$1,368,536
98$4,357,382$0$0$1,430,682
99$4,552,327$0$0$1,496,727
100$4,759,297$0$0$1,566,993