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%19.5%
1 years$68,458$67,848$67,253$66,673$66,106$63,583
2 years$33,890$33,259$32,647$32,054$31,479$28,967
3 years$22,369$21,735$21,125$20,537$19,971$17,550
4 years$16,610$15,978$15,374$14,796$14,244$11,930
5 years$13,155$12,527$11,930$11,365$10,828$8,629
6 years$10,852$10,229$9,642$9,089$8,568$6,484
7 years$9,208$8,590$8,012$7,472$6,968$5,000
8 years$7,976$7,363$6,795$6,268$5,781$3,925
9 years$7,018$6,411$5,853$5,339$4,868$3,124
10 years$6,252$5,651$5,102$4,602$4,148$2,511
11 years$5,626$5,031$4,492$4,005$3,567$2,034
12 years$5,104$4,515$3,987$3,513$3,091$1,658
13 years$4,663$4,081$3,562$3,102$2,696$1,357
14 years$4,286$3,709$3,200$2,753$2,363$1,116
15 years$3,959$3,388$2,889$2,456$2,081$920
16 years$3,673$3,109$2,620$2,199$1,839$761
17 years$3,421$2,863$2,384$1,975$1,630$630
18 years$3,197$2,646$2,176$1,780$1,450$523
19 years$2,997$2,452$1,992$1,609$1,292$435
20 years$2,818$2,278$1,828$1,457$1,154$362
21 years$2,655$2,122$1,682$1,322$1,033$301
22 years$2,508$1,981$1,550$1,202$926$251
23 years$2,373$1,853$1,431$1,095$831$210
24 years$2,250$1,736$1,323$999$747$175
25 years$2,137$1,629$1,226$912$672$146
26 years$2,033$1,531$1,137$834$605$122
27 years$1,937$1,441$1,056$763$546$102
28 years$1,848$1,358$981$699$493$85
29 years$1,765$1,281$913$641$445$71
30 years$1,687$1,210$851$589$402$59
31 years$1,615$1,144$793$541$363$50
32 years$1,548$1,082$740$497$329$42
33 years$1,485$1,025$691$457$297$35
34 years$1,425$971$646$420$269$29
35 years$1,369$921$604$387$244$24
36 years$1,317$874$565$356$221$20
37 years$1,267$830$528$328$200$17
38 years$1,220$789$495$303$182$14
39 years$1,176$750$464$279$165$12
40 years$1,133$714$435$257$149$10
41 years$1,093$680$407$237$136$8
42 years$1,055$647$382$219$123$7
43 years$1,019$617$359$202$112$6
44 years$985$588$337$187$101$5
45 years$952$561$316$173$92$4
46 years$921$535$297$159$83$3
47 years$891$510$279$147$76$3
48 years$863$487$262$136$69$2
49 years$835$465$246$126$63$2
50 years$809$444$232$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $829,000, adding $2,870 every year, while hoping to spend $33,659 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: 80/13/7 Blend
53$829,000$829,000$829,000$829,000
54$916,518$872,581$859,732$988,926
55$974,190$879,525$852,720$1,043,712
56$1,036,617$885,681$844,345$1,099,082
57$1,104,247$890,974$834,526$1,158,822
58$1,177,575$895,327$823,178$1,223,349
59$1,257,145$898,655$810,211$1,293,125
60$1,343,553$900,869$795,533$1,368,658
61$1,437,458$901,874$779,046$1,450,508
62$1,539,583$901,570$760,647$1,539,291
63$1,650,722$899,849$740,231$1,635,686
64$1,771,752$896,597$717,685$1,740,442
65$1,903,636$891,696$692,893$1,854,384
66$2,047,433$885,015$665,731$1,978,418
67$2,204,311$876,421$636,073$2,113,548
68$2,375,554$865,769$603,784$2,260,875
69$2,562,575$852,906$568,726$2,421,615
70$2,766,931$837,672$530,752$2,597,108
71$2,990,335$819,895$489,709$2,788,829
72$3,234,674$799,393$445,438$2,998,407
73$3,502,023$775,976$397,773$3,227,633
74$3,794,671$749,441$346,540$3,478,484
75$4,115,135$719,571$291,556$3,753,138
76$4,466,189$686,140$232,633$4,053,994
77$4,850,886$648,907$169,573$4,383,700
78$5,272,591$607,618$102,168$4,745,169
79$5,735,007$562,003$30,203$5,141,617
80$6,242,216$511,779$0$5,576,584
81$6,798,710$456,644$0$6,057,456
82$7,409,439$396,281$0$6,587,689
83$8,079,857$330,353$0$7,169,786
84$8,815,969$258,507$0$7,808,993
85$9,624,391$180,368$0$8,511,092
86$10,512,412$95,539$0$9,282,455
87$11,488,061$3,603$0$10,130,102
88$12,560,183$0$0$11,061,772
89$13,738,521$0$0$12,099,709
90$15,033,812$0$0$13,241,254
91$16,457,882$0$0$14,496,319
92$18,023,762$0$0$15,876,390
93$19,745,808$0$0$17,394,125
94$21,639,837$0$0$19,063,467
95$23,723,275$0$0$20,899,778
96$26,015,323$0$0$22,919,986
97$28,537,137$0$0$25,142,741
98$31,312,026$0$0$27,588,592
99$34,365,673$0$0$30,280,180
100$37,726,376$0$0$33,242,453