Can I retire at age 54 with 834,000?

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 $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%11.7%
1 years$68,871$68,257$67,659$67,075$66,504$66,030
2 years$34,095$33,460$32,844$32,247$31,669$31,190
3 years$22,504$21,866$21,252$20,661$20,092$19,624
4 years$16,710$16,074$15,466$14,885$14,330$13,877
5 years$13,234$12,602$12,002$11,433$10,893$10,456
6 years$10,918$10,291$9,700$9,143$8,619$8,198
7 years$9,264$8,642$8,061$7,517$7,010$6,605
8 years$8,024$7,408$6,836$6,306$5,815$5,427
9 years$7,060$6,450$5,888$5,371$4,897$4,526
10 years$6,290$5,685$5,133$4,630$4,173$3,818
11 years$5,660$5,061$4,519$4,030$3,589$3,250
12 years$5,135$4,543$4,011$3,535$3,110$2,786
13 years$4,691$4,105$3,583$3,120$2,712$2,404
14 years$4,311$3,732$3,220$2,770$2,377$2,084
15 years$3,982$3,409$2,907$2,470$2,093$1,814
16 years$3,695$3,128$2,635$2,212$1,850$1,585
17 years$3,441$2,880$2,398$1,987$1,640$1,389
18 years$3,216$2,662$2,189$1,791$1,458$1,221
19 years$3,015$2,467$2,004$1,618$1,300$1,075
20 years$2,835$2,292$1,839$1,466$1,161$949
21 years$2,671$2,135$1,692$1,330$1,039$839
22 years$2,523$1,993$1,559$1,209$931$742
23 years$2,388$1,864$1,440$1,102$836$658
24 years$2,264$1,746$1,331$1,005$751$584
25 years$2,150$1,639$1,233$918$676$519
26 years$2,045$1,540$1,144$839$609$461
27 years$1,949$1,450$1,062$768$549$410
28 years$1,859$1,366$987$704$496$365
29 years$1,775$1,289$919$645$447$325
30 years$1,698$1,217$856$592$404$290
31 years$1,625$1,151$798$544$366$259
32 years$1,557$1,089$744$500$331$231
33 years$1,494$1,031$695$460$299$206
34 years$1,434$977$649$423$271$184
35 years$1,378$927$607$389$245$164
36 years$1,325$880$568$358$222$147
37 years$1,275$835$532$330$202$131
38 years$1,227$794$498$304$183$117
39 years$1,183$755$466$281$166$105
40 years$1,140$718$437$259$150$94
41 years$1,100$684$410$239$136$84
42 years$1,062$651$385$220$124$75
43 years$1,025$620$361$204$112$67
44 years$991$591$339$188$102$60
45 years$958$564$318$174$93$54
46 years$927$538$299$160$84$48
47 years$897$513$281$148$76$43
48 years$868$490$264$137$69$38
49 years$840$468$248$126$63$34
50 years$814$447$233$117$57$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $834,000, adding $2,609 every year, while hoping to spend $47,231 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: 80/13/7 Blend
53$834,000$834,000$834,000$834,000
54$921,759$877,557$864,630$994,604
55$965,525$870,304$843,342$1,035,441
56$1,012,172$861,113$819,757$1,073,748
57$1,061,945$849,838$793,750$1,114,356
58$1,115,110$836,326$765,187$1,157,469
59$1,171,960$820,415$733,930$1,203,314
60$1,232,817$801,933$699,834$1,252,140
61$1,298,033$780,696$662,747$1,304,222
62$1,367,994$756,512$622,511$1,359,864
63$1,443,124$729,176$578,960$1,419,398
64$1,523,889$698,472$531,921$1,483,193
65$1,610,799$664,171$481,214$1,551,656
66$1,704,416$626,030$426,650$1,625,235
67$1,805,355$583,794$368,031$1,704,423
68$1,914,293$537,192$305,152$1,789,766
69$2,031,973$485,937$237,797$1,881,865
70$2,159,214$429,727$165,742$1,981,382
71$2,296,912$368,242$88,753$2,089,050
72$2,446,055$301,144$6,584$2,205,675
73$2,607,729$228,076$0$2,332,147
74$2,783,127$148,662$0$2,475,506
75$2,973,562$62,502$0$2,631,695
76$3,180,478$0$0$2,801,439
77$3,405,464$0$0$2,990,485
78$3,650,266$0$0$3,205,932
79$3,916,807$0$0$3,440,532
80$4,207,204$0$0$3,696,151
81$4,523,783$0$0$3,974,841
82$4,869,108$0$0$4,278,860
83$5,245,999$0$0$4,610,694
84$5,657,561$0$0$4,973,080
85$6,107,211$0$0$5,369,030
86$6,598,711$0$0$5,801,862
87$7,136,204$0$0$6,275,226
88$7,724,251$0$0$6,793,142
89$8,367,873$0$0$7,360,038
90$9,072,601$0$0$7,980,788
91$9,844,524$0$0$8,660,760
92$10,690,349$0$0$9,405,867
93$11,617,461$0$0$10,222,618
94$12,633,994$0$0$11,118,185
95$13,748,907$0$0$12,100,464
96$14,972,069$0$0$13,178,155
97$16,314,347$0$0$14,360,839
98$17,787,714$0$0$15,659,070
99$19,405,357$0$0$17,084,473
100$21,181,804$0$0$18,649,855