Can I retire at age 54 with 832,000?

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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$68,706$68,094$67,497$66,914$66,345$65,273
2 years$34,013$33,379$32,765$32,170$31,593$30,515
3 years$22,450$21,814$21,201$20,612$20,044$18,995
4 years$16,670$16,035$15,429$14,850$14,295$13,283
5 years$13,202$12,572$11,974$11,406$10,867$9,894
6 years$10,892$10,266$9,677$9,121$8,599$7,667
7 years$9,242$8,621$8,041$7,499$6,993$6,102
8 years$8,005$7,390$6,820$6,291$5,801$4,951
9 years$7,043$6,434$5,874$5,358$4,886$4,075
10 years$6,275$5,672$5,121$4,619$4,163$3,392
11 years$5,646$5,049$4,508$4,020$3,580$2,848
12 years$5,123$4,532$4,001$3,526$3,103$2,408
13 years$4,680$4,095$3,575$3,113$2,705$2,048
14 years$4,301$3,723$3,212$2,763$2,372$1,750
15 years$3,973$3,401$2,900$2,464$2,088$1,501
16 years$3,686$3,120$2,629$2,207$1,845$1,292
17 years$3,433$2,873$2,392$1,983$1,636$1,115
18 years$3,209$2,655$2,184$1,787$1,455$964
19 years$3,008$2,461$1,999$1,614$1,297$836
20 years$2,828$2,287$1,835$1,462$1,158$726
21 years$2,665$2,130$1,688$1,327$1,037$631
22 years$2,517$1,988$1,555$1,207$929$549
23 years$2,382$1,860$1,436$1,099$834$479
24 years$2,258$1,742$1,328$1,002$750$418
25 years$2,145$1,635$1,230$915$675$365
26 years$2,041$1,537$1,141$837$608$319
27 years$1,944$1,446$1,060$766$548$278
28 years$1,854$1,363$985$702$494$244
29 years$1,771$1,286$917$644$446$213
30 years$1,694$1,214$854$591$403$187
31 years$1,621$1,148$796$542$365$163
32 years$1,553$1,086$743$499$330$143
33 years$1,490$1,028$693$458$299$125
34 years$1,430$975$648$422$270$110
35 years$1,374$925$606$388$245$96
36 years$1,321$878$567$358$222$85
37 years$1,272$833$530$330$201$74
38 years$1,224$792$497$304$182$65
39 years$1,180$753$465$280$165$57
40 years$1,137$717$436$258$150$50
41 years$1,097$682$409$238$136$44
42 years$1,059$650$384$220$123$39
43 years$1,023$619$360$203$112$34
44 years$989$590$338$187$102$30
45 years$956$563$317$173$92$26
46 years$924$537$298$160$84$23
47 years$894$512$280$148$76$20
48 years$866$489$263$137$69$18
49 years$838$467$247$126$63$15
50 years$812$446$232$117$57$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $832,000, adding $3,827 every year, while hoping to spend $35,643 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: 43/48/9 Blend
53$832,000$832,000$832,000$832,000
54$920,812$876,716$863,820$957,850
55$976,810$881,751$854,834$989,033
56$1,037,327$885,838$844,352$1,018,876
57$1,102,783$888,893$832,287$1,050,396
58$1,173,645$890,827$818,547$1,083,760
59$1,250,424$891,545$803,036$1,119,153
60$1,333,682$890,946$785,652$1,156,783
61$1,424,038$888,922$766,291$1,196,877
62$1,522,171$885,360$744,843$1,239,691
63$1,628,829$880,139$721,192$1,285,507
64$1,744,835$873,131$695,217$1,334,641
65$1,871,094$864,201$666,793$1,387,441
66$2,008,603$853,204$635,788$1,444,295
67$2,158,458$839,989$602,064$1,505,632
68$2,321,864$824,392$565,477$1,571,930
69$2,500,151$806,243$525,877$1,643,717
70$2,694,778$785,361$483,106$1,721,579
71$2,907,355$761,553$436,999$1,806,169
72$3,139,653$734,617$387,386$1,898,206
73$3,393,621$704,337$334,087$1,998,490
74$3,671,406$670,485$276,915$2,107,905
75$3,975,372$632,821$215,674$2,227,433
76$4,308,121$591,091$150,160$2,358,160
77$4,672,519$545,024$80,161$2,501,288
78$5,071,722$494,337$5,452$2,658,150
79$5,509,207$438,728$0$2,830,219
80$5,988,800$377,879$0$3,026,260
81$6,514,717$311,455$0$3,241,966
82$7,091,602$239,101$0$3,478,837
83$7,724,570$160,441$0$3,739,106
84$8,419,254$75,080$0$4,025,243
85$9,181,859$0$0$4,339,979
86$10,019,221$0$0$4,695,521
87$10,938,869$0$0$5,129,662
88$11,949,098$0$0$5,606,673
89$13,059,047$0$0$6,130,884
90$14,278,781$0$0$6,707,063
91$15,619,391$0$0$7,340,464
92$17,093,094$0$0$8,036,873
93$18,713,352$0$0$8,802,669
94$20,494,994$0$0$9,644,875
95$22,454,360$0$0$10,571,233
96$24,609,450$0$0$11,590,271
97$26,980,099$0$0$12,711,385
98$29,588,160$0$0$13,944,929
99$32,457,709$0$0$15,302,308
100$35,615,277$0$0$16,796,093