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%19.9%
1 years$68,458$67,848$67,253$66,673$66,106$63,483
2 years$33,890$33,259$32,647$32,054$31,479$28,869
3 years$22,369$21,735$21,125$20,537$19,971$17,457
4 years$16,610$15,978$15,374$14,796$14,244$11,843
5 years$13,155$12,527$11,930$11,365$10,828$8,548
6 years$10,852$10,229$9,642$9,089$8,568$6,409
7 years$9,208$8,590$8,012$7,472$6,968$4,930
8 years$7,976$7,363$6,795$6,268$5,781$3,862
9 years$7,018$6,411$5,853$5,339$4,868$3,065
10 years$6,252$5,651$5,102$4,602$4,148$2,458
11 years$5,626$5,031$4,492$4,005$3,567$1,986
12 years$5,104$4,515$3,987$3,513$3,091$1,614
13 years$4,663$4,081$3,562$3,102$2,696$1,318
14 years$4,286$3,709$3,200$2,753$2,363$1,081
15 years$3,959$3,388$2,889$2,456$2,081$889
16 years$3,673$3,109$2,620$2,199$1,839$733
17 years$3,421$2,863$2,384$1,975$1,630$605
18 years$3,197$2,646$2,176$1,780$1,450$501
19 years$2,997$2,452$1,992$1,609$1,292$415
20 years$2,818$2,278$1,828$1,457$1,154$344
21 years$2,655$2,122$1,682$1,322$1,033$286
22 years$2,508$1,981$1,550$1,202$926$237
23 years$2,373$1,853$1,431$1,095$831$197
24 years$2,250$1,736$1,323$999$747$164
25 years$2,137$1,629$1,226$912$672$137
26 years$2,033$1,531$1,137$834$605$114
27 years$1,937$1,441$1,056$763$546$95
28 years$1,848$1,358$981$699$493$79
29 years$1,765$1,281$913$641$445$66
30 years$1,687$1,210$851$589$402$55
31 years$1,615$1,144$793$541$363$46
32 years$1,548$1,082$740$497$329$38
33 years$1,485$1,025$691$457$297$32
34 years$1,425$971$646$420$269$26
35 years$1,369$921$604$387$244$22
36 years$1,317$874$565$356$221$18
37 years$1,267$830$528$328$200$15
38 years$1,220$789$495$303$182$13
39 years$1,176$750$464$279$165$11
40 years$1,133$714$435$257$149$9
41 years$1,093$680$407$237$136$7
42 years$1,055$647$382$219$123$6
43 years$1,019$617$359$202$112$5
44 years$985$588$337$187$101$4
45 years$952$561$316$173$92$4
46 years$921$535$297$159$83$3
47 years$891$510$279$147$76$2
48 years$863$487$262$136$69$2
49 years$835$465$246$126$63$2
50 years$809$444$232$116$57$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $829,000, adding $2,691 every year, while hoping to spend $31,408 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: 53/39/8 Blend
53$829,000$829,000$829,000$829,000
54$916,334$872,397$859,547$962,957
55$976,382$881,726$854,924$1,004,209
56$1,041,502$890,460$849,094$1,045,414
57$1,112,179$898,537$841,982$1,089,492
58$1,188,945$905,889$833,512$1,136,720
59$1,272,386$912,445$823,603$1,187,405
60$1,363,146$918,132$812,170$1,241,886
61$1,461,934$922,868$799,125$1,300,536
62$1,569,531$926,568$784,375$1,363,770
63$1,686,794$929,141$767,824$1,432,042
64$1,814,670$930,491$749,368$1,505,858
65$1,954,197$930,516$728,903$1,585,774
66$2,106,521$929,107$706,316$1,672,405
67$2,272,901$926,148$681,493$1,766,430
68$2,454,724$921,517$654,310$1,868,599
69$2,653,518$915,083$624,642$1,979,742
70$2,870,964$906,709$592,354$2,100,771
71$3,108,913$896,249$557,309$2,232,698
72$3,369,404$883,547$519,361$2,376,637
73$3,654,681$868,439$478,358$2,533,821
74$3,967,218$850,751$434,141$2,705,608
75$4,309,735$830,299$386,546$2,893,500
76$4,685,232$806,887$335,399$3,099,155
77$5,097,010$780,310$280,520$3,324,400
78$5,548,707$750,347$221,719$3,571,257
79$6,044,329$716,768$158,801$3,841,953
80$6,588,288$679,327$91,559$4,138,949
81$7,185,446$637,767$19,778$4,464,961
82$7,841,156$591,812$0$4,822,984
83$8,561,317$541,173$0$5,221,178
84$9,352,425$485,545$0$5,660,457
85$10,221,639$424,603$0$6,143,181
86$11,176,843$358,005$0$6,673,814
87$12,226,725$285,392$0$7,257,282
88$13,380,855$206,380$0$7,899,019
89$14,649,777$120,568$0$8,605,019
90$16,045,108$27,529$0$9,381,892
91$17,579,645$0$0$10,236,929
92$19,267,490$0$0$11,209,581
93$21,124,179$0$0$12,292,619
94$23,166,830$0$0$13,484,227
95$25,414,302$0$0$14,795,418
96$27,887,377$0$0$16,238,328
97$30,608,952$0$0$17,826,329
98$33,604,254$0$0$19,574,155
99$36,901,083$0$0$21,498,039
100$40,530,068$0$0$23,615,870