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%16.4%
1 years$68,541$67,930$67,334$66,753$66,185$64,455
2 years$33,931$33,299$32,687$32,093$31,517$29,785
3 years$22,396$21,761$21,150$20,562$19,996$18,317
4 years$16,630$15,997$15,392$14,814$14,261$12,648
5 years$13,171$12,542$11,945$11,378$10,841$9,298
6 years$10,865$10,241$9,653$9,099$8,578$7,107
7 years$9,220$8,601$8,022$7,481$6,976$5,578
8 years$7,986$7,372$6,803$6,276$5,788$4,460
9 years$7,026$6,419$5,860$5,346$4,874$3,617
10 years$6,260$5,658$5,109$4,608$4,153$2,964
11 years$5,633$5,037$4,497$4,010$3,572$2,450
12 years$5,110$4,521$3,991$3,518$3,095$2,038
13 years$4,669$4,086$3,566$3,105$2,699$1,705
14 years$4,291$3,714$3,204$2,757$2,366$1,432
15 years$3,963$3,393$2,893$2,458$2,083$1,207
16 years$3,677$3,113$2,623$2,201$1,841$1,021
17 years$3,425$2,867$2,387$1,978$1,632$865
18 years$3,201$2,649$2,179$1,782$1,451$735
19 years$3,001$2,455$1,995$1,611$1,294$625
20 years$2,821$2,281$1,830$1,459$1,156$533
21 years$2,658$2,125$1,684$1,324$1,034$454
22 years$2,511$1,983$1,552$1,204$927$388
23 years$2,376$1,855$1,433$1,096$832$332
24 years$2,253$1,738$1,325$1,000$748$284
25 years$2,140$1,631$1,227$913$673$243
26 years$2,036$1,533$1,138$835$606$208
27 years$1,939$1,443$1,057$764$547$178
28 years$1,850$1,359$983$700$493$153
29 years$1,767$1,283$914$642$445$131
30 years$1,690$1,211$852$589$402$112
31 years$1,617$1,145$794$541$364$96
32 years$1,550$1,083$741$497$329$83
33 years$1,486$1,026$692$457$298$71
34 years$1,427$972$646$421$270$61
35 years$1,371$922$604$387$244$52
36 years$1,318$875$565$357$221$45
37 years$1,268$831$529$329$201$38
38 years$1,221$790$495$303$182$33
39 years$1,177$751$464$279$165$28
40 years$1,135$715$435$258$150$24
41 years$1,095$680$408$238$136$21
42 years$1,057$648$383$219$123$18
43 years$1,021$617$359$203$112$15
44 years$986$589$337$187$101$13
45 years$953$561$317$173$92$11
46 years$922$535$297$160$84$10
47 years$892$511$279$147$76$8
48 years$864$488$262$136$69$7
49 years$836$466$247$126$63$6
50 years$810$445$232$116$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $830,000, adding $4,711 every year, while hoping to spend $45,522 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: 58/36/6 Blend
53$830,000$830,000$830,000$830,000
54$919,519$875,529$862,664$971,466
55$964,875$869,995$843,129$1,001,354
56$1,013,332$862,664$821,413$1,028,331
57$1,065,157$853,400$797,395$1,056,592
58$1,120,645$842,059$770,950$1,086,263
59$1,180,119$828,488$741,945$1,117,484
60$1,243,931$812,524$710,240$1,150,412
61$1,312,471$793,996$675,692$1,185,221
62$1,386,164$772,723$638,149$1,222,106
63$1,465,479$748,512$597,453$1,261,284
64$1,550,927$721,159$553,437$1,302,994
65$1,643,075$690,449$505,931$1,347,507
66$1,742,542$656,154$454,752$1,395,121
67$1,850,007$618,032$399,713$1,446,169
68$1,966,221$575,829$340,616$1,501,020
69$2,092,006$529,274$277,257$1,560,087
70$2,228,265$478,083$209,419$1,623,825
71$2,375,993$421,954$136,880$1,692,744
72$2,536,283$360,569$59,404$1,767,407
73$2,710,338$293,591$0$1,848,440
74$2,899,480$220,665$0$1,938,030
75$3,105,164$141,415$0$2,039,614
76$3,328,991$55,444$0$2,150,257
77$3,572,723$0$0$2,270,928
78$3,838,296$0$0$2,417,618
79$4,127,844$0$0$2,601,562
80$4,443,715$0$0$2,802,295
81$4,788,491$0$0$3,021,467
82$5,165,017$0$0$3,260,895
83$5,576,424$0$0$3,522,578
84$6,026,159$0$0$3,808,718
85$6,518,017$0$0$4,121,741
86$7,056,175$0$0$4,464,314
87$7,645,235$0$0$4,839,378
88$8,290,263$0$0$5,250,168
89$8,996,838$0$0$5,700,251
90$9,771,105$0$0$6,193,551
91$10,619,829$0$0$6,734,391
92$11,550,463$0$0$7,327,534
93$12,571,215$0$0$7,978,224
94$13,691,126$0$0$8,692,237
95$14,920,154$0$0$9,475,937
96$16,269,268$0$0$10,336,333
97$17,750,550$0$0$11,281,146
98$19,377,310$0$0$12,318,880
99$21,164,209$0$0$13,458,906
100$23,127,401$0$0$14,711,544