Can I retire at age 54 with 829,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.2%
1 years$68,458$67,848$67,253$66,673$66,106$65,772
2 years$33,890$33,259$32,647$32,054$31,479$31,142
3 years$22,369$21,735$21,125$20,537$19,971$19,642
4 years$16,610$15,978$15,374$14,796$14,244$13,924
5 years$13,155$12,527$11,930$11,365$10,828$10,519
6 years$10,852$10,229$9,642$9,089$8,568$8,270
7 years$9,208$8,590$8,012$7,472$6,968$6,682
8 years$7,976$7,363$6,795$6,268$5,781$5,506
9 years$7,018$6,411$5,853$5,339$4,868$4,605
10 years$6,252$5,651$5,102$4,602$4,148$3,896
11 years$5,626$5,031$4,492$4,005$3,567$3,326
12 years$5,104$4,515$3,987$3,513$3,091$2,861
13 years$4,663$4,081$3,562$3,102$2,696$2,476
14 years$4,286$3,709$3,200$2,753$2,363$2,154
15 years$3,959$3,388$2,889$2,456$2,081$1,881
16 years$3,673$3,109$2,620$2,199$1,839$1,649
17 years$3,421$2,863$2,384$1,975$1,630$1,451
18 years$3,197$2,646$2,176$1,780$1,450$1,279
19 years$2,997$2,452$1,992$1,609$1,292$1,131
20 years$2,818$2,278$1,828$1,457$1,154$1,001
21 years$2,655$2,122$1,682$1,322$1,033$888
22 years$2,508$1,981$1,550$1,202$926$789
23 years$2,373$1,853$1,431$1,095$831$702
24 years$2,250$1,736$1,323$999$747$625
25 years$2,137$1,629$1,226$912$672$558
26 years$2,033$1,531$1,137$834$605$498
27 years$1,937$1,441$1,056$763$546$445
28 years$1,848$1,358$981$699$493$397
29 years$1,765$1,281$913$641$445$355
30 years$1,687$1,210$851$589$402$318
31 years$1,615$1,144$793$541$363$285
32 years$1,548$1,082$740$497$329$255
33 years$1,485$1,025$691$457$297$229
34 years$1,425$971$646$420$269$205
35 years$1,369$921$604$387$244$184
36 years$1,317$874$565$356$221$165
37 years$1,267$830$528$328$200$148
38 years$1,220$789$495$303$182$133
39 years$1,176$750$464$279$165$119
40 years$1,133$714$435$257$149$107
41 years$1,093$680$407$237$136$96
42 years$1,055$647$382$219$123$86
43 years$1,019$617$359$202$112$77
44 years$985$588$337$187$101$70
45 years$952$561$316$173$92$63
46 years$921$535$297$159$83$56
47 years$891$510$279$147$76$51
48 years$863$487$262$136$69$45
49 years$835$465$246$126$63$41
50 years$809$444$232$116$57$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $829,000, adding $5,289 every year, while hoping to spend $32,333 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: 71/23/6 Blend
53$829,000$829,000$829,000$829,000
54$919,014$875,077$862,227$983,184
55$978,351$883,553$856,710$1,034,729
56$1,042,657$891,362$849,924$1,086,599
57$1,112,404$898,435$841,793$1,142,469
58$1,188,113$904,702$832,236$1,202,724
59$1,270,355$910,086$821,170$1,267,786
60$1,359,758$914,508$808,507$1,338,124
61$1,457,016$917,880$794,154$1,414,252
62$1,562,888$920,113$778,014$1,496,738
63$1,678,213$921,109$759,988$1,586,208
64$1,803,912$920,765$739,969$1,683,352
65$1,940,999$918,971$717,847$1,788,931
66$2,090,592$915,612$693,506$1,903,782
67$2,253,920$910,563$666,825$2,028,831
68$2,432,334$903,695$637,678$2,165,096
69$2,627,325$894,869$605,933$2,313,702
70$2,840,532$883,938$571,452$2,475,887
71$3,073,760$870,745$534,090$2,653,018
72$3,328,998$855,126$493,696$2,846,600
73$3,608,435$836,906$450,113$3,058,296
74$3,914,479$815,898$403,177$3,289,935
75$4,249,787$791,909$352,714$3,543,536
76$4,617,282$764,728$298,546$3,821,327
77$5,020,182$734,137$240,485$4,125,762
78$5,462,034$699,904$178,335$4,459,546
79$5,946,744$661,781$111,891$4,825,664
80$6,478,613$619,509$40,940$5,227,405
81$7,062,379$572,813$0$5,668,398
82$7,703,262$521,402$0$6,154,868
83$8,407,012$464,967$0$6,691,939
84$9,179,962$403,186$0$7,281,866
85$10,029,089$335,713$0$7,930,024
86$10,962,080$262,186$0$8,642,339
87$11,987,401$182,222$0$9,425,345
88$13,114,381$95,416$0$10,286,243
89$14,353,297$1,341$0$11,232,970
90$15,715,473$0$0$12,274,277
91$17,213,382$0$0$13,445,233
92$18,860,767$0$0$14,733,460
93$20,672,772$0$0$16,150,467
94$22,666,081$0$0$17,709,305
95$24,859,074$0$0$19,424,356
96$27,272,005$0$0$21,311,467
97$29,927,191$0$0$23,388,096
98$32,849,219$0$0$25,673,482
99$36,065,182$0$0$28,188,821
100$39,604,931$0$0$30,957,469