Can I retire at age 54 with 831,000?

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 $831,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$68,623$68,012$67,416$66,833$66,265$65,356
2 years$33,972$33,339$32,726$32,131$31,555$30,640
3 years$22,423$21,788$21,176$20,587$20,020$19,128
4 years$16,650$16,016$15,411$14,832$14,278$13,417
5 years$13,187$12,557$11,959$11,392$10,854$10,025
6 years$10,879$10,254$9,665$9,110$8,588$7,793
7 years$9,231$8,611$8,032$7,490$6,985$6,224
8 years$7,995$7,381$6,811$6,283$5,794$5,067
9 years$7,035$6,427$5,867$5,352$4,880$4,186
10 years$6,267$5,665$5,115$4,613$4,158$3,497
11 years$5,639$5,043$4,503$4,015$3,576$2,947
12 years$5,117$4,526$3,996$3,522$3,099$2,502
13 years$4,674$4,090$3,570$3,109$2,702$2,136
14 years$4,296$3,718$3,208$2,760$2,369$1,832
15 years$3,968$3,397$2,896$2,461$2,086$1,578
16 years$3,682$3,116$2,626$2,204$1,843$1,364
17 years$3,429$2,870$2,390$1,980$1,634$1,182
18 years$3,205$2,652$2,181$1,785$1,453$1,027
19 years$3,004$2,458$1,997$1,613$1,295$894
20 years$2,824$2,284$1,833$1,460$1,157$780
21 years$2,662$2,127$1,686$1,325$1,035$681
22 years$2,514$1,986$1,554$1,205$928$595
23 years$2,379$1,857$1,435$1,098$833$521
24 years$2,256$1,740$1,327$1,001$749$457
25 years$2,142$1,633$1,229$914$674$401
26 years$2,038$1,535$1,140$836$607$352
27 years$1,942$1,444$1,058$765$547$309
28 years$1,852$1,361$984$701$494$272
29 years$1,769$1,284$915$643$446$239
30 years$1,692$1,213$853$590$403$210
31 years$1,619$1,146$795$542$364$185
32 years$1,552$1,085$742$498$329$163
33 years$1,488$1,027$693$458$298$143
34 years$1,429$974$647$421$270$126
35 years$1,373$923$605$388$244$111
36 years$1,320$876$566$357$222$98
37 years$1,270$832$530$329$201$86
38 years$1,223$791$496$303$182$76
39 years$1,178$752$465$280$165$67
40 years$1,136$716$436$258$150$59
41 years$1,096$681$408$238$136$52
42 years$1,058$649$383$220$123$46
43 years$1,022$618$360$203$112$41
44 years$987$589$337$187$102$36
45 years$955$562$317$173$92$32
46 years$923$536$298$160$84$28
47 years$893$512$280$148$76$25
48 years$865$488$263$136$69$22
49 years$837$466$247$126$63$19
50 years$811$445$232$116$57$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $831,000, adding $3,778 every year, while hoping to spend $39,740 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: 75/14/11 Blend
53$831,000$831,000$831,000$831,000
54$919,659$875,616$862,736$986,432
55$971,181$876,238$849,354$1,031,605
56$1,026,627$875,559$834,192$1,075,723
57$1,086,354$873,472$817,149$1,122,963
58$1,150,756$869,867$798,118$1,173,622
59$1,220,265$864,622$776,987$1,228,026
60$1,295,357$857,613$753,640$1,286,537
61$1,376,552$848,705$727,956$1,349,552
62$1,464,425$837,756$699,807$1,417,511
63$1,559,606$824,616$669,061$1,490,897
64$1,662,789$809,126$635,577$1,570,244
65$1,774,736$791,115$599,211$1,656,142
66$1,896,285$770,405$559,811$1,749,240
67$2,028,358$746,808$517,217$1,850,254
68$2,171,971$720,121$471,264$1,959,975
69$2,328,238$690,134$421,778$2,079,274
70$2,498,389$656,621$368,578$2,209,113
71$2,683,775$619,345$311,475$2,350,552
72$2,885,882$578,055$250,271$2,504,762
73$3,106,347$532,485$184,761$2,673,033
74$3,346,972$482,355$114,728$2,856,789
75$3,609,740$427,367$39,948$3,057,599
76$3,896,834$367,208$0$3,277,194
77$4,210,656$301,547$0$3,522,164
78$4,553,854$230,033$0$3,795,244
79$4,929,339$152,297$0$4,094,094
80$5,340,320$67,948$0$4,421,307
81$5,790,329$0$0$4,779,744
82$6,283,256$0$0$5,176,162
83$6,823,384$0$0$5,622,044
84$7,415,431$0$0$6,110,821
85$8,064,593$0$0$6,646,785
86$8,776,593$0$0$7,234,667
87$9,557,732$0$0$7,879,674
88$10,414,955$0$0$8,587,545
89$11,355,908$0$0$9,364,600
90$12,389,015$0$0$10,217,799
91$13,523,555$0$0$11,154,813
92$14,769,750$0$0$12,184,087
93$16,138,862$0$0$13,314,930
94$17,643,294$0$0$14,557,592
95$19,296,714$0$0$15,923,369
96$21,114,178$0$0$17,424,704
97$23,112,272$0$0$19,075,305
98$25,309,273$0$0$20,890,276
99$27,725,313$0$0$22,886,256
100$30,382,576$0$0$25,081,579