Can I retire at age 54 with 833,000?

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 $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%13.1%
1 years$68,788$68,176$67,578$66,994$66,425$65,567
2 years$34,054$33,419$32,805$32,209$31,631$30,768
3 years$22,477$21,840$21,227$20,637$20,068$19,227
4 years$16,690$16,055$15,448$14,867$14,313$13,500
5 years$13,218$12,587$11,988$11,420$10,880$10,098
6 years$10,905$10,278$9,688$9,132$8,609$7,858
7 years$9,253$8,632$8,051$7,508$7,002$6,282
8 years$8,015$7,399$6,828$6,298$5,808$5,121
9 years$7,052$6,442$5,881$5,365$4,892$4,235
10 years$6,282$5,678$5,127$4,625$4,168$3,542
11 years$5,653$5,055$4,514$4,025$3,584$2,989
12 years$5,129$4,537$4,006$3,530$3,106$2,541
13 years$4,686$4,100$3,579$3,117$2,709$2,172
14 years$4,306$3,727$3,216$2,767$2,374$1,866
15 years$3,978$3,405$2,903$2,467$2,091$1,609
16 years$3,691$3,124$2,632$2,209$1,848$1,393
17 years$3,437$2,877$2,395$1,985$1,638$1,209
18 years$3,213$2,658$2,187$1,789$1,457$1,051
19 years$3,012$2,464$2,002$1,616$1,298$917
20 years$2,831$2,289$1,837$1,464$1,160$801
21 years$2,668$2,133$1,690$1,329$1,038$700
22 years$2,520$1,991$1,557$1,208$930$613
23 years$2,385$1,862$1,438$1,100$835$538
24 years$2,261$1,744$1,330$1,003$751$472
25 years$2,148$1,637$1,232$916$675$415
26 years$2,043$1,539$1,142$838$608$365
27 years$1,946$1,448$1,061$767$549$321
28 years$1,857$1,364$986$703$495$283
29 years$1,773$1,287$918$644$447$249
30 years$1,696$1,216$855$591$404$219
31 years$1,623$1,149$797$543$365$193
32 years$1,555$1,087$744$499$330$170
33 years$1,492$1,030$694$459$299$150
34 years$1,432$976$649$422$271$133
35 years$1,376$926$606$389$245$117
36 years$1,323$879$567$358$222$103
37 years$1,273$834$531$330$201$91
38 years$1,226$793$497$304$182$81
39 years$1,181$754$466$280$165$71
40 years$1,139$717$437$259$150$63
41 years$1,099$683$409$239$136$56
42 years$1,061$650$384$220$124$49
43 years$1,024$620$360$203$112$43
44 years$990$591$338$188$102$38
45 years$957$563$318$173$92$34
46 years$925$537$298$160$84$30
47 years$895$513$280$148$76$26
48 years$867$490$263$137$69$23
49 years$839$467$248$126$63$21
50 years$813$447$233$117$57$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $833,000, adding $3,309 every year, while hoping to spend $28,382 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: 56/26/18 Blend
53$833,000$833,000$833,000$833,000
54$921,379$877,230$864,319$968,388
55$985,162$890,016$863,075$1,013,556
56$1,054,499$902,478$860,839$1,059,400
57$1,129,927$914,568$857,546$1,108,708
58$1,212,037$926,239$853,131$1,161,818
59$1,301,478$937,438$847,524$1,219,104
60$1,398,965$948,109$840,653$1,280,979
61$1,505,285$958,192$832,440$1,347,898
62$1,621,303$967,623$822,806$1,420,362
63$1,747,974$976,334$811,668$1,498,927
64$1,886,346$984,254$798,938$1,584,203
65$2,037,575$991,303$784,524$1,676,866
66$2,202,931$997,401$768,329$1,777,660
67$2,383,816$1,002,460$750,254$1,887,406
68$2,581,771$1,006,386$730,194$2,007,012
69$2,798,494$1,009,082$708,037$2,137,478
70$3,035,855$1,010,440$683,671$2,279,907
71$3,295,911$1,010,351$656,973$2,435,517
72$3,580,931$1,008,695$627,818$2,605,651
73$3,893,411$1,005,346$596,075$2,791,793
74$4,236,101$1,000,171$561,606$2,995,576
75$4,612,032$993,027$524,268$3,218,806
76$5,024,538$983,764$483,910$3,463,472
77$5,477,295$972,223$440,375$3,731,770
78$5,974,352$958,235$393,501$4,026,121
79$6,520,167$941,620$343,114$4,349,197
80$7,119,653$922,188$289,038$4,703,944
81$7,778,221$899,739$231,084$5,093,612
82$8,501,833$874,059$169,058$5,521,786
83$9,297,055$844,923$102,757$5,992,420
84$10,171,123$812,093$31,967$6,509,874
85$11,132,008$775,315$0$7,078,957
86$12,188,490$734,324$0$7,713,342
87$13,350,247$688,836$0$8,417,604
88$14,627,936$638,553$0$9,192,095
89$16,033,302$583,158$0$10,043,975
90$17,579,285$522,319$0$10,981,138
91$19,280,141$455,683$0$12,012,286
92$21,151,580$382,875$0$13,147,010
93$23,210,909$303,504$0$14,395,886
94$25,477,198$217,152$0$15,770,566
95$27,971,460$123,381$0$17,283,899
96$30,716,848$21,725$0$18,950,045
97$33,738,873$0$0$20,784,614
98$37,065,645$0$0$22,830,076
99$40,728,138$0$0$25,088,891
100$44,760,482$0$0$27,575,906