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%17.1%
1 years$68,541$67,930$67,334$66,753$66,185$64,273
2 years$33,931$33,299$32,687$32,093$31,517$29,605
3 years$22,396$21,761$21,150$20,562$19,996$18,145
4 years$16,630$15,997$15,392$14,814$14,261$12,485
5 years$13,171$12,542$11,945$11,378$10,841$9,145
6 years$10,865$10,241$9,653$9,099$8,578$6,963
7 years$9,220$8,601$8,022$7,481$6,976$5,443
8 years$7,986$7,372$6,803$6,276$5,788$4,335
9 years$7,026$6,419$5,860$5,346$4,874$3,500
10 years$6,260$5,658$5,109$4,608$4,153$2,856
11 years$5,633$5,037$4,497$4,010$3,572$2,350
12 years$5,110$4,521$3,991$3,518$3,095$1,946
13 years$4,669$4,086$3,566$3,105$2,699$1,620
14 years$4,291$3,714$3,204$2,757$2,366$1,354
15 years$3,963$3,393$2,893$2,458$2,083$1,136
16 years$3,677$3,113$2,623$2,201$1,841$956
17 years$3,425$2,867$2,387$1,978$1,632$806
18 years$3,201$2,649$2,179$1,782$1,451$681
19 years$3,001$2,455$1,995$1,611$1,294$576
20 years$2,821$2,281$1,830$1,459$1,156$488
21 years$2,658$2,125$1,684$1,324$1,034$414
22 years$2,511$1,983$1,552$1,204$927$352
23 years$2,376$1,855$1,433$1,096$832$299
24 years$2,253$1,738$1,325$1,000$748$254
25 years$2,140$1,631$1,227$913$673$217
26 years$2,036$1,533$1,138$835$606$184
27 years$1,939$1,443$1,057$764$547$157
28 years$1,850$1,359$983$700$493$134
29 years$1,767$1,283$914$642$445$114
30 years$1,690$1,211$852$589$402$97
31 years$1,617$1,145$794$541$364$83
32 years$1,550$1,083$741$497$329$71
33 years$1,486$1,026$692$457$298$60
34 years$1,427$972$646$421$270$52
35 years$1,371$922$604$387$244$44
36 years$1,318$875$565$357$221$38
37 years$1,268$831$529$329$201$32
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$20
41 years$1,095$680$408$238$136$17
42 years$1,057$648$383$219$123$15
43 years$1,021$617$359$203$112$12
44 years$986$589$337$187$101$11
45 years$953$561$317$173$92$9
46 years$922$535$297$160$84$8
47 years$892$511$279$147$76$7
48 years$864$488$262$136$69$6
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 $3,401 every year, while hoping to spend $23,875 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: 59/34/7 Blend
53$830,000$830,000$830,000$830,000
54$918,168$874,178$861,313$970,793
55$986,418$891,610$864,764$1,023,924
56$1,060,830$909,096$867,531$1,078,805
57$1,142,006$926,613$869,565$1,138,045
58$1,230,611$944,137$870,815$1,202,062
59$1,327,376$961,642$871,230$1,271,319
60$1,433,104$979,099$870,752$1,346,324
61$1,548,682$996,476$869,324$1,427,640
62$1,675,086$1,013,742$866,884$1,515,882
63$1,813,388$1,030,859$863,368$1,611,733
64$1,964,772$1,047,789$858,709$1,715,942
65$2,130,539$1,064,491$852,836$1,829,336
66$2,312,123$1,080,920$845,676$1,952,827
67$2,511,103$1,097,029$837,149$2,087,417
68$2,729,219$1,112,766$827,177$2,234,215
69$2,968,384$1,128,076$815,672$2,394,439
70$3,230,709$1,142,902$802,547$2,569,433
71$3,518,517$1,157,180$787,708$2,760,680
72$3,834,367$1,170,843$771,057$2,969,812
73$4,181,078$1,183,820$752,493$3,198,629
74$4,561,755$1,196,034$731,909$3,449,115
75$4,979,819$1,207,404$709,193$3,723,458
76$5,439,037$1,217,844$684,228$4,024,068
77$5,943,561$1,227,260$656,891$4,353,602
78$6,497,963$1,235,555$627,056$4,714,988
79$7,107,281$1,242,623$594,588$5,111,456
80$7,777,065$1,248,353$559,348$5,546,564
81$8,513,430$1,252,627$521,191$6,024,235
82$9,323,112$1,255,317$479,962$6,548,792
83$10,213,532$1,256,291$435,504$7,125,003
84$11,192,869$1,255,405$387,650$7,758,121
85$12,270,130$1,252,509$336,225$8,453,938
86$13,455,244$1,247,442$281,049$9,218,837
87$14,759,146$1,240,034$221,931$10,059,855
88$16,193,888$1,230,105$158,675$10,984,748
89$17,772,746$1,217,461$91,072$12,002,066
90$19,510,351$1,201,902$18,908$13,121,234
91$21,422,822$1,183,211$0$14,352,639
92$23,527,922$1,161,160$0$15,712,071
93$25,845,221$1,135,508$0$17,209,601
94$28,396,284$1,105,998$0$18,857,744
95$31,204,873$1,072,360$0$20,671,853
96$34,297,172$1,034,308$0$22,668,851
97$37,702,031$991,536$0$24,867,387
98$41,451,243$943,726$0$27,288,017
99$45,579,837$890,536$0$29,953,397
100$50,126,416$831,608$0$32,888,496