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%15.7%
1 years$68,623$68,012$67,416$66,833$66,265$64,716
2 years$33,972$33,339$32,726$32,131$31,555$30,003
3 years$22,423$21,788$21,176$20,587$20,020$18,513
4 years$16,650$16,016$15,411$14,832$14,278$12,829
5 years$13,187$12,557$11,959$11,392$10,854$9,466
6 years$10,879$10,254$9,665$9,110$8,588$7,263
7 years$9,231$8,611$8,032$7,490$6,985$5,723
8 years$7,995$7,381$6,811$6,283$5,794$4,595
9 years$7,035$6,427$5,867$5,352$4,880$3,742
10 years$6,267$5,665$5,115$4,613$4,158$3,080
11 years$5,639$5,043$4,503$4,015$3,576$2,557
12 years$5,117$4,526$3,996$3,522$3,099$2,137
13 years$4,674$4,090$3,570$3,109$2,702$1,796
14 years$4,296$3,718$3,208$2,760$2,369$1,516
15 years$3,968$3,397$2,896$2,461$2,086$1,284
16 years$3,682$3,116$2,626$2,204$1,843$1,091
17 years$3,429$2,870$2,390$1,980$1,634$930
18 years$3,205$2,652$2,181$1,785$1,453$794
19 years$3,004$2,458$1,997$1,613$1,295$679
20 years$2,824$2,284$1,833$1,460$1,157$581
21 years$2,662$2,127$1,686$1,325$1,035$499
22 years$2,514$1,986$1,554$1,205$928$428
23 years$2,379$1,857$1,435$1,098$833$368
24 years$2,256$1,740$1,327$1,001$749$316
25 years$2,142$1,633$1,229$914$674$272
26 years$2,038$1,535$1,140$836$607$235
27 years$1,942$1,444$1,058$765$547$202
28 years$1,852$1,361$984$701$494$174
29 years$1,769$1,284$915$643$446$150
30 years$1,692$1,213$853$590$403$130
31 years$1,619$1,146$795$542$364$112
32 years$1,552$1,085$742$498$329$96
33 years$1,488$1,027$693$458$298$83
34 years$1,429$974$647$421$270$72
35 years$1,373$923$605$388$244$62
36 years$1,320$876$566$357$222$54
37 years$1,270$832$530$329$201$46
38 years$1,223$791$496$303$182$40
39 years$1,178$752$465$280$165$35
40 years$1,136$716$436$258$150$30
41 years$1,096$681$408$238$136$26
42 years$1,058$649$383$220$123$22
43 years$1,022$618$360$203$112$19
44 years$987$589$337$187$102$17
45 years$955$562$317$173$92$14
46 years$923$536$298$160$84$12
47 years$893$512$280$148$76$11
48 years$865$488$263$136$69$9
49 years$837$466$247$126$63$8
50 years$811$445$232$116$57$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $831,000, adding $2,518 every year, while hoping to spend $24,634 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: 49/28/23 Blend
53$831,000$831,000$831,000$831,000
54$918,359$874,316$861,436$957,282
55$985,822$890,947$864,084$1,001,282
56$1,059,339$907,568$865,994$1,046,375
57$1,139,504$924,151$867,117$1,094,861
58$1,226,968$940,668$867,400$1,147,070
59$1,322,446$957,089$866,785$1,203,369
60$1,426,729$973,379$865,216$1,264,158
61$1,540,684$989,504$862,630$1,329,881
62$1,665,268$1,005,424$858,962$1,401,030
63$1,801,534$1,021,098$854,146$1,478,143
64$1,950,641$1,036,483$848,110$1,561,817
65$2,113,866$1,051,530$840,781$1,652,711
66$2,292,613$1,066,188$832,081$1,751,548
67$2,488,432$1,080,403$821,927$1,859,131
68$2,703,026$1,094,117$810,236$1,976,342
69$2,938,273$1,107,267$796,917$2,104,155
70$3,196,241$1,119,787$781,878$2,243,646
71$3,479,207$1,131,606$765,020$2,396,000
72$3,789,679$1,142,647$746,241$2,562,525
73$4,130,420$1,152,831$725,435$2,744,664
74$4,504,475$1,162,071$702,488$2,944,009
75$4,915,194$1,170,276$677,285$3,162,314
76$5,366,272$1,177,347$649,701$3,401,517
77$5,861,776$1,183,182$619,611$3,663,753
78$6,406,188$1,187,669$586,879$3,951,379
79$7,004,445$1,190,690$551,365$4,266,992
80$7,661,986$1,192,122$512,924$4,613,458
81$8,384,804$1,191,831$471,402$4,993,938
82$9,179,500$1,189,677$426,640$5,411,917
83$10,053,348$1,185,510$378,471$5,871,239
84$11,014,360$1,179,171$326,721$6,376,144
85$12,071,366$1,170,492$271,207$6,931,306
86$13,234,094$1,159,294$211,741$7,541,881
87$14,513,260$1,145,388$148,123$8,213,552
88$15,920,674$1,128,573$80,146$8,952,589
89$17,469,346$1,108,637$7,595$9,765,904
90$19,173,614$1,085,354$0$10,661,118
91$21,049,271$1,058,485$0$11,663,771
92$23,113,725$1,027,779$0$12,769,096
93$25,386,151$992,967$0$13,985,504
94$27,887,682$953,765$0$15,324,320
95$30,641,602$909,876$0$16,798,030
96$33,673,567$860,981$0$18,420,395
97$37,011,847$806,746$0$20,206,580
98$40,687,595$746,817$0$22,173,302
99$44,735,137$680,817$0$24,338,987
100$49,192,295$608,352$0$26,723,942