Can I retire at age 54 with 829,000?

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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$68,458$67,848$67,253$66,673$66,106$65,689
2 years$33,890$33,259$32,647$32,054$31,479$31,059
3 years$22,369$21,735$21,125$20,537$19,971$19,561
4 years$16,610$15,978$15,374$14,796$14,244$13,846
5 years$13,155$12,527$11,930$11,365$10,828$10,443
6 years$10,852$10,229$9,642$9,089$8,568$8,197
7 years$9,208$8,590$8,012$7,472$6,968$6,612
8 years$7,976$7,363$6,795$6,268$5,781$5,439
9 years$7,018$6,411$5,853$5,339$4,868$4,541
10 years$6,252$5,651$5,102$4,602$4,148$3,835
11 years$5,626$5,031$4,492$4,005$3,567$3,268
12 years$5,104$4,515$3,987$3,513$3,091$2,806
13 years$4,663$4,081$3,562$3,102$2,696$2,424
14 years$4,286$3,709$3,200$2,753$2,363$2,104
15 years$3,959$3,388$2,889$2,456$2,081$1,834
16 years$3,673$3,109$2,620$2,199$1,839$1,605
17 years$3,421$2,863$2,384$1,975$1,630$1,409
18 years$3,197$2,646$2,176$1,780$1,450$1,239
19 years$2,997$2,452$1,992$1,609$1,292$1,093
20 years$2,818$2,278$1,828$1,457$1,154$966
21 years$2,655$2,122$1,682$1,322$1,033$855
22 years$2,508$1,981$1,550$1,202$926$758
23 years$2,373$1,853$1,431$1,095$831$673
24 years$2,250$1,736$1,323$999$747$598
25 years$2,137$1,629$1,226$912$672$532
26 years$2,033$1,531$1,137$834$605$474
27 years$1,937$1,441$1,056$763$546$422
28 years$1,848$1,358$981$699$493$376
29 years$1,765$1,281$913$641$445$336
30 years$1,687$1,210$851$589$402$300
31 years$1,615$1,144$793$541$363$268
32 years$1,548$1,082$740$497$329$239
33 years$1,485$1,025$691$457$297$214
34 years$1,425$971$646$420$269$191
35 years$1,369$921$604$387$244$171
36 years$1,317$874$565$356$221$153
37 years$1,267$830$528$328$200$137
38 years$1,220$789$495$303$182$123
39 years$1,176$750$464$279$165$110
40 years$1,133$714$435$257$149$98
41 years$1,093$680$407$237$136$88
42 years$1,055$647$382$219$123$79
43 years$1,019$617$359$202$112$71
44 years$985$588$337$187$101$63
45 years$952$561$316$173$92$57
46 years$921$535$297$159$83$51
47 years$891$510$279$147$76$46
48 years$863$487$262$136$69$41
49 years$835$465$246$126$63$37
50 years$809$444$232$116$57$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $829,000, adding $5,351 every year, while hoping to spend $43,809 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: 66/17/17 Blend
53$829,000$829,000$829,000$829,000
54$919,078$875,141$862,291$975,579
55$966,211$871,410$844,565$1,010,321
56$1,016,684$866,028$824,778$1,042,714
57$1,070,790$858,868$802,812$1,077,054
58$1,128,853$849,796$778,549$1,113,530
59$1,191,227$838,667$751,861$1,152,354
60$1,258,301$825,330$722,618$1,193,757
61$1,330,502$809,625$690,680$1,237,998
62$1,408,299$791,383$655,903$1,285,361
63$1,492,207$770,422$618,137$1,336,164
64$1,582,792$746,552$577,224$1,390,757
65$1,680,675$719,571$533,000$1,449,526
66$1,786,540$689,267$485,291$1,512,900
67$1,901,138$655,412$433,920$1,581,354
68$2,025,295$617,768$378,697$1,655,414
69$2,159,919$576,082$319,426$1,735,660
70$2,306,007$530,086$255,904$1,822,734
71$2,464,658$479,499$187,915$1,917,348
72$2,637,081$424,022$115,238$2,020,288
73$2,824,602$363,338$37,637$2,132,423
74$3,028,685$297,115$0$2,254,714
75$3,250,937$225,000$0$2,396,418
76$3,493,129$146,621$0$2,558,334
77$3,757,208$61,586$0$2,734,974
78$4,045,319$0$0$2,927,823
79$4,359,820$0$0$3,144,228
80$4,703,309$0$0$3,393,212
81$5,078,647$0$0$3,665,333
82$5,488,980$0$0$3,962,880
83$5,937,774$0$0$4,288,372
84$6,428,847$0$0$4,644,585
85$6,966,400$0$0$5,034,574
86$7,555,060$0$0$5,461,703
87$8,199,924$0$0$5,929,678
88$8,906,602$0$0$6,442,580
89$9,681,276$0$0$7,004,901
90$10,530,751$0$0$7,621,592
91$11,462,526$0$0$8,298,105
92$12,484,857$0$0$9,040,444
93$13,606,841$0$0$9,855,224
94$14,838,495$0$0$10,749,730
95$16,190,856$0$0$11,731,987
96$17,676,082$0$0$12,810,837
97$19,307,564$0$0$13,996,018
98$21,100,055$0$0$15,298,260
99$23,069,809$0$0$16,729,383
100$25,234,731$0$0$18,302,406