Can I retire at age 54 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$68,541$67,930$67,334$66,753$66,185$64,247
2 years$33,931$33,299$32,687$32,093$31,517$29,580
3 years$22,396$21,761$21,150$20,562$19,996$18,120
4 years$16,630$15,997$15,392$14,814$14,261$12,462
5 years$13,171$12,542$11,945$11,378$10,841$9,123
6 years$10,865$10,241$9,653$9,099$8,578$6,943
7 years$9,220$8,601$8,022$7,481$6,976$5,424
8 years$7,986$7,372$6,803$6,276$5,788$4,317
9 years$7,026$6,419$5,860$5,346$4,874$3,484
10 years$6,260$5,658$5,109$4,608$4,153$2,841
11 years$5,633$5,037$4,497$4,010$3,572$2,336
12 years$5,110$4,521$3,991$3,518$3,095$1,933
13 years$4,669$4,086$3,566$3,105$2,699$1,608
14 years$4,291$3,714$3,204$2,757$2,366$1,343
15 years$3,963$3,393$2,893$2,458$2,083$1,126
16 years$3,677$3,113$2,623$2,201$1,841$947
17 years$3,425$2,867$2,387$1,978$1,632$798
18 years$3,201$2,649$2,179$1,782$1,451$674
19 years$3,001$2,455$1,995$1,611$1,294$570
20 years$2,821$2,281$1,830$1,459$1,156$482
21 years$2,658$2,125$1,684$1,324$1,034$409
22 years$2,511$1,983$1,552$1,204$927$347
23 years$2,376$1,855$1,433$1,096$832$295
24 years$2,253$1,738$1,325$1,000$748$251
25 years$2,140$1,631$1,227$913$673$213
26 years$2,036$1,533$1,138$835$606$181
27 years$1,939$1,443$1,057$764$547$154
28 years$1,850$1,359$983$700$493$131
29 years$1,767$1,283$914$642$445$112
30 years$1,690$1,211$852$589$402$95
31 years$1,617$1,145$794$541$364$81
32 years$1,550$1,083$741$497$329$69
33 years$1,486$1,026$692$457$298$59
34 years$1,427$972$646$421$270$50
35 years$1,371$922$604$387$244$43
36 years$1,318$875$565$357$221$37
37 years$1,268$831$529$329$201$31
38 years$1,221$790$495$303$182$27
39 years$1,177$751$464$279$165$23
40 years$1,135$715$435$258$150$19
41 years$1,095$680$408$238$136$17
42 years$1,057$648$383$219$123$14
43 years$1,021$617$359$203$112$12
44 years$986$589$337$187$101$10
45 years$953$561$317$173$92$9
46 years$922$535$297$160$84$7
47 years$892$511$279$147$76$6
48 years$864$488$262$136$69$5
49 years$836$466$247$126$63$5
50 years$810$445$232$116$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $830,000, adding $5,698 every year, while hoping to spend $34,244 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: 37/47/16 Blend
53$830,000$830,000$830,000$830,000
54$920,537$876,547$863,682$949,934
55$977,997$883,063$856,180$978,132
56$1,040,170$888,750$847,279$1,004,891
57$1,107,500$893,532$836,896$1,033,063
58$1,180,477$897,327$824,944$1,062,794
59$1,259,638$900,048$811,332$1,094,245
60$1,345,574$901,603$795,965$1,127,596
61$1,438,935$901,895$778,742$1,163,048
62$1,540,437$900,818$759,561$1,200,823
63$1,650,866$898,262$738,310$1,241,169
64$1,771,087$894,111$714,877$1,284,364
65$1,902,054$888,238$689,142$1,330,714
66$2,044,815$880,513$660,979$1,380,561
67$2,200,523$870,795$630,258$1,434,285
68$2,370,448$858,935$596,844$1,492,307
69$2,555,987$844,777$560,592$1,555,098
70$2,758,680$828,153$521,354$1,623,177
71$2,980,220$808,887$478,974$1,697,121
72$3,222,472$786,792$433,289$1,777,574
73$3,487,489$761,670$384,129$1,865,246
74$3,777,533$733,311$331,317$1,960,926
75$4,095,091$701,494$274,666$2,065,489
76$4,442,907$665,983$213,983$2,179,906
77$4,823,998$626,531$149,067$2,305,252
78$5,241,690$582,875$79,705$2,442,719
79$5,699,644$534,738$5,677$2,593,625
80$6,201,894$481,826$0$2,759,435
81$6,752,881$423,829$0$2,954,282
82$7,357,498$360,420$0$3,169,291
83$8,021,134$291,252$0$3,405,518
84$8,749,727$215,960$0$3,665,201
85$9,549,814$134,158$0$3,950,818
86$10,428,600$45,437$0$4,265,103
87$11,394,021$0$0$4,611,080
88$12,454,818$0$0$5,018,277
89$13,620,623$0$0$5,491,730
90$14,902,045$0$0$6,012,266
91$16,310,774$0$0$6,584,649
92$17,859,688$0$0$7,214,127
93$19,562,976$0$0$7,906,484
94$21,436,269$0$0$8,668,092
95$23,496,791$0$0$9,505,970
96$25,763,519$0$0$10,427,855
97$28,257,359$0$0$11,442,270
98$31,001,348$0$0$12,558,603
99$34,020,869$0$0$13,787,203
100$37,343,889$0$0$15,139,471