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%17.3%
1 years$68,706$68,094$67,497$66,914$66,345$64,376
2 years$34,013$33,379$32,765$32,170$31,593$29,625
3 years$22,450$21,814$21,201$20,612$20,044$18,140
4 years$16,670$16,035$15,429$14,850$14,295$12,469
5 years$13,202$12,572$11,974$11,406$10,867$9,123
6 years$10,892$10,266$9,677$9,121$8,599$6,939
7 years$9,242$8,621$8,041$7,499$6,993$5,418
8 years$8,005$7,390$6,820$6,291$5,801$4,310
9 years$7,043$6,434$5,874$5,358$4,886$3,476
10 years$6,275$5,672$5,121$4,619$4,163$2,833
11 years$5,646$5,049$4,508$4,020$3,580$2,328
12 years$5,123$4,532$4,001$3,526$3,103$1,925
13 years$4,680$4,095$3,575$3,113$2,705$1,600
14 years$4,301$3,723$3,212$2,763$2,372$1,336
15 years$3,973$3,401$2,900$2,464$2,088$1,119
16 years$3,686$3,120$2,629$2,207$1,845$940
17 years$3,433$2,873$2,392$1,983$1,636$792
18 years$3,209$2,655$2,184$1,787$1,455$668
19 years$3,008$2,461$1,999$1,614$1,297$564
20 years$2,828$2,287$1,835$1,462$1,158$478
21 years$2,665$2,130$1,688$1,327$1,037$405
22 years$2,517$1,988$1,555$1,207$929$343
23 years$2,382$1,860$1,436$1,099$834$291
24 years$2,258$1,742$1,328$1,002$750$247
25 years$2,145$1,635$1,230$915$675$210
26 years$2,041$1,537$1,141$837$608$179
27 years$1,944$1,446$1,060$766$548$152
28 years$1,854$1,363$985$702$494$129
29 years$1,771$1,286$917$644$446$110
30 years$1,694$1,214$854$591$403$94
31 years$1,621$1,148$796$542$365$80
32 years$1,553$1,086$743$499$330$68
33 years$1,490$1,028$693$458$299$58
34 years$1,430$975$648$422$270$49
35 years$1,374$925$606$388$245$42
36 years$1,321$878$567$358$222$36
37 years$1,272$833$530$330$201$30
38 years$1,224$792$497$304$182$26
39 years$1,180$753$465$280$165$22
40 years$1,137$717$436$258$150$19
41 years$1,097$682$409$238$136$16
42 years$1,059$650$384$220$123$14
43 years$1,023$619$360$203$112$12
44 years$989$590$338$187$102$10
45 years$956$563$317$173$92$8
46 years$924$537$298$160$84$7
47 years$894$512$280$148$76$6
48 years$866$489$263$137$69$5
49 years$838$467$247$126$63$4
50 years$812$446$232$117$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $832,000, adding $6,825 every year, while hoping to spend $50,354 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: 65/18/17 Blend
53$832,000$832,000$832,000$832,000
54$923,904$879,808$866,912$979,661
55$964,566$869,342$842,377$1,007,399
56$1,007,688$856,676$815,333$1,031,280
57$1,053,467$841,649$785,642$1,056,159
58$1,102,120$824,089$753,161$1,082,132
59$1,153,884$803,817$717,739$1,109,309
60$1,209,017$780,641$679,220$1,137,811
61$1,267,803$754,358$637,440$1,167,775
62$1,330,552$724,755$592,227$1,199,354
63$1,397,605$691,604$543,404$1,232,716
64$1,469,334$654,667$490,781$1,268,050
65$1,546,149$613,688$434,165$1,305,568
66$1,628,497$568,400$373,350$1,345,504
67$1,716,871$518,519$308,125$1,388,120
68$1,811,811$463,745$238,266$1,433,707
69$1,913,909$403,761$163,541$1,482,588
70$2,023,815$338,234$83,708$1,535,126
71$2,142,245$266,808$0$1,591,719
72$2,269,983$189,110$0$1,653,084
73$2,407,890$104,745$0$1,735,666
74$2,556,915$13,298$0$1,824,865
75$2,718,098$0$0$1,921,344
76$2,892,583$0$0$2,042,804
77$3,081,629$0$0$2,177,299
78$3,286,619$0$0$2,323,186
79$3,509,073$0$0$2,481,553
80$3,750,666$0$0$2,653,598
81$4,013,236$0$0$2,840,638
82$4,298,809$0$0$3,044,121
83$4,609,610$0$0$3,265,642
84$4,948,092$0$0$3,506,956
85$5,316,951$0$0$3,769,992
86$5,719,154$0$0$4,056,876
87$6,157,968$0$0$4,369,946
88$6,636,988$0$0$4,711,777
89$7,160,171$0$0$5,085,200
90$7,731,875$0$0$5,493,337
91$8,356,895$0$0$5,939,622
92$9,040,514$0$0$6,427,836
93$9,788,544$0$0$6,962,141
94$10,607,390$0$0$7,547,125
95$11,504,100$0$0$8,187,834
96$12,486,440$0$0$8,889,828
97$13,562,960$0$0$9,659,232
98$14,743,077$0$0$10,502,788
99$16,037,161$0$0$11,427,924
100$17,456,635$0$0$12,442,819