Can I retire at age 54 with 834,000?

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 $834,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$68,871$68,257$67,659$67,075$66,504$64,196
2 years$34,095$33,460$32,844$32,247$31,669$29,367
3 years$22,504$21,866$21,252$20,661$20,092$17,869
4 years$16,710$16,074$15,466$14,885$14,330$12,203
5 years$13,234$12,602$12,002$11,433$10,893$8,868
6 years$10,918$10,291$9,700$9,143$8,619$6,697
7 years$9,264$8,642$8,061$7,517$7,010$5,190
8 years$8,024$7,408$6,836$6,306$5,815$4,097
9 years$7,060$6,450$5,888$5,371$4,897$3,278
10 years$6,290$5,685$5,133$4,630$4,173$2,650
11 years$5,660$5,061$4,519$4,030$3,589$2,159
12 years$5,135$4,543$4,011$3,535$3,110$1,770
13 years$4,691$4,105$3,583$3,120$2,712$1,459
14 years$4,311$3,732$3,220$2,770$2,377$1,207
15 years$3,982$3,409$2,907$2,470$2,093$1,002
16 years$3,695$3,128$2,635$2,212$1,850$834
17 years$3,441$2,880$2,398$1,987$1,640$695
18 years$3,216$2,662$2,189$1,791$1,458$581
19 years$3,015$2,467$2,004$1,618$1,300$486
20 years$2,835$2,292$1,839$1,466$1,161$407
21 years$2,671$2,135$1,692$1,330$1,039$342
22 years$2,523$1,993$1,559$1,209$931$287
23 years$2,388$1,864$1,440$1,102$836$241
24 years$2,264$1,746$1,331$1,005$751$202
25 years$2,150$1,639$1,233$918$676$170
26 years$2,045$1,540$1,144$839$609$143
27 years$1,949$1,450$1,062$768$549$121
28 years$1,859$1,366$987$704$496$101
29 years$1,775$1,289$919$645$447$85
30 years$1,698$1,217$856$592$404$72
31 years$1,625$1,151$798$544$366$61
32 years$1,557$1,089$744$500$331$51
33 years$1,494$1,031$695$460$299$43
34 years$1,434$977$649$423$271$36
35 years$1,378$927$607$389$245$31
36 years$1,325$880$568$358$222$26
37 years$1,275$835$532$330$202$22
38 years$1,227$794$498$304$183$18
39 years$1,183$755$466$281$166$15
40 years$1,140$718$437$259$150$13
41 years$1,100$684$410$239$136$11
42 years$1,062$651$385$220$124$9
43 years$1,025$620$361$204$112$8
44 years$991$591$339$188$102$7
45 years$958$564$318$174$93$6
46 years$927$538$299$160$84$5
47 years$897$513$281$148$76$4
48 years$868$490$264$137$69$3
49 years$840$468$248$126$63$3
50 years$814$447$233$117$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $834,000, adding $3,834 every year, while hoping to spend $55,731 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: 67/18/15 Blend
53$834,000$834,000$834,000$834,000
54$923,023$878,821$865,894$981,354
55$957,874$862,586$835,604$1,004,523
56$994,412$843,687$802,431$1,022,943
57$1,032,750$821,936$766,221$1,041,687
58$1,073,011$797,131$726,810$1,060,783
59$1,115,329$769,062$684,029$1,080,265
60$1,159,848$737,502$637,700$1,100,168
61$1,206,728$702,214$587,638$1,120,536
62$1,256,139$662,948$533,649$1,141,419
63$1,308,269$619,436$475,530$1,162,874
64$1,363,323$571,399$413,071$1,184,967
65$1,421,523$518,539$346,050$1,207,770
66$1,483,113$460,541$274,237$1,231,369
67$1,548,357$397,075$197,390$1,255,861
68$1,617,546$327,788$115,260$1,281,354
69$1,690,998$252,311$27,582$1,307,972
70$1,769,057$170,252$0$1,335,854
71$1,852,105$81,198$0$1,375,720
72$1,940,555$0$0$1,422,585
73$2,034,862$0$0$1,475,305
74$2,135,525$0$0$1,548,774
75$2,243,088$0$0$1,627,311
76$2,358,149$0$0$1,711,356
77$2,481,364$0$0$1,801,393
78$2,613,452$0$0$1,897,952
79$2,755,200$0$0$2,001,613
80$2,907,475$0$0$2,113,015
81$3,071,226$0$0$2,232,857
82$3,247,496$0$0$2,361,910
83$3,437,430$0$0$2,501,017
84$3,642,287$0$0$2,651,106
85$3,863,447$0$0$2,813,196
86$4,102,429$0$0$2,988,407
87$4,360,902$0$0$3,177,970
88$4,640,701$0$0$3,383,237
89$4,943,841$0$0$3,605,698
90$5,272,539$0$0$3,846,986
91$5,629,234$0$0$4,108,901
92$6,016,607$0$0$4,393,422
93$6,437,608$0$0$4,702,724
94$6,895,481$0$0$5,039,201
95$7,393,797$0$0$5,405,489
96$7,936,482$0$0$5,804,485
97$8,527,859$0$0$6,239,380
98$9,172,685$0$0$6,713,683
99$9,876,195$0$0$7,231,258
100$10,644,153$0$0$7,796,358