Can I retire at age 54 with 833,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $833,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$68,788$68,176$67,578$66,994$66,425$64,609
2 years$34,054$33,419$32,805$32,209$31,631$29,815
3 years$22,477$21,840$21,227$20,637$20,068$18,309
4 years$16,690$16,055$15,448$14,867$14,313$12,623
5 years$13,218$12,587$11,988$11,420$10,880$9,266
6 years$10,905$10,278$9,688$9,132$8,609$7,071
7 years$9,253$8,632$8,051$7,508$7,002$5,539
8 years$8,015$7,399$6,828$6,298$5,808$4,422
9 years$7,052$6,442$5,881$5,365$4,892$3,579
10 years$6,282$5,678$5,127$4,625$4,168$2,928
11 years$5,653$5,055$4,514$4,025$3,584$2,415
12 years$5,129$4,537$4,006$3,530$3,106$2,005
13 years$4,686$4,100$3,579$3,117$2,709$1,674
14 years$4,306$3,727$3,216$2,767$2,374$1,403
15 years$3,978$3,405$2,903$2,467$2,091$1,180
16 years$3,691$3,124$2,632$2,209$1,848$996
17 years$3,437$2,877$2,395$1,985$1,638$842
18 years$3,213$2,658$2,187$1,789$1,457$714
19 years$3,012$2,464$2,002$1,616$1,298$606
20 years$2,831$2,289$1,837$1,464$1,160$515
21 years$2,668$2,133$1,690$1,329$1,038$438
22 years$2,520$1,991$1,557$1,208$930$373
23 years$2,385$1,862$1,438$1,100$835$318
24 years$2,261$1,744$1,330$1,003$751$272
25 years$2,148$1,637$1,232$916$675$232
26 years$2,043$1,539$1,142$838$608$198
27 years$1,946$1,448$1,061$767$549$169
28 years$1,857$1,364$986$703$495$145
29 years$1,773$1,287$918$644$447$124
30 years$1,696$1,216$855$591$404$106
31 years$1,623$1,149$797$543$365$91
32 years$1,555$1,087$744$499$330$78
33 years$1,492$1,030$694$459$299$66
34 years$1,432$976$649$422$271$57
35 years$1,376$926$606$389$245$49
36 years$1,323$879$567$358$222$42
37 years$1,273$834$531$330$201$36
38 years$1,226$793$497$304$182$31
39 years$1,181$754$466$280$165$26
40 years$1,139$717$437$259$150$22
41 years$1,099$683$409$239$136$19
42 years$1,061$650$384$220$124$16
43 years$1,024$620$360$203$112$14
44 years$990$591$338$188$102$12
45 years$957$563$318$173$92$10
46 years$925$537$298$160$84$9
47 years$895$513$280$148$76$8
48 years$867$490$263$137$69$7
49 years$839$467$248$126$63$6
50 years$813$447$233$117$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $833,000, adding $4,173 every year, while hoping to spend $45,506 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: 63/14/23 Blend
53$833,000$833,000$833,000$833,000
54$922,270$878,121$865,210$974,582
55$967,924$872,731$845,776$1,005,022
56$1,016,709$865,552$824,167$1,032,821
57$1,068,897$856,448$800,260$1,062,157
58$1,124,785$845,274$773,929$1,093,186
59$1,184,700$831,880$745,043$1,126,081
60$1,249,000$816,102$713,462$1,161,034
61$1,318,077$797,771$679,043$1,198,258
62$1,392,364$776,704$641,633$1,237,990
63$1,472,332$752,709$601,075$1,280,494
64$1,558,502$725,585$557,203$1,326,061
65$1,651,446$695,115$509,846$1,375,015
66$1,751,790$661,072$458,822$1,427,715
67$1,860,224$623,216$403,944$1,484,562
68$1,977,505$581,292$345,015$1,545,995
69$2,104,467$535,031$281,829$1,612,506
70$2,242,024$484,149$214,172$1,684,637
71$2,391,183$428,345$141,820$1,762,990
72$2,553,052$367,302$64,538$1,848,231
73$2,728,847$300,684$0$1,941,099
74$2,919,908$228,136$0$2,046,812
75$3,127,708$149,284$0$2,179,062
76$3,353,867$63,732$0$2,323,061
77$3,600,169$0$0$2,479,984
78$3,868,577$0$0$2,655,588
79$4,161,249$0$0$2,857,827
80$4,480,564$0$0$3,078,533
81$4,829,137$0$0$3,319,521
82$5,209,849$0$0$3,582,789
83$5,625,869$0$0$3,870,539
84$6,080,689$0$0$4,185,191
85$6,578,152$0$0$4,529,413
86$7,122,489$0$0$4,906,142
87$7,718,359$0$0$5,318,611
88$8,370,893$0$0$5,770,381
89$9,085,741$0$0$6,265,374
90$9,869,126$0$0$6,807,908
91$10,727,900$0$0$7,402,740
92$11,669,611$0$0$8,055,108
93$12,702,572$0$0$8,770,783
94$13,835,939$0$0$9,556,118
95$15,079,796$0$0$10,418,116
96$16,445,254$0$0$11,364,486
97$17,944,549$0$0$12,403,724
98$19,591,161$0$0$13,545,186
99$21,399,941$0$0$14,799,179
100$23,387,245$0$0$16,177,060