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%12.1%
1 years$68,871$68,257$67,659$67,075$66,504$65,920
2 years$34,095$33,460$32,844$32,247$31,669$31,079
3 years$22,504$21,866$21,252$20,661$20,092$19,516
4 years$16,710$16,074$15,466$14,885$14,330$13,772
5 years$13,234$12,602$12,002$11,433$10,893$10,356
6 years$10,918$10,291$9,700$9,143$8,619$8,103
7 years$9,264$8,642$8,061$7,517$7,010$6,514
8 years$8,024$7,408$6,836$6,306$5,815$5,340
9 years$7,060$6,450$5,888$5,371$4,897$4,443
10 years$6,290$5,685$5,133$4,630$4,173$3,738
11 years$5,660$5,061$4,519$4,030$3,589$3,174
12 years$5,135$4,543$4,011$3,535$3,110$2,715
13 years$4,691$4,105$3,583$3,120$2,712$2,336
14 years$4,311$3,732$3,220$2,770$2,377$2,020
15 years$3,982$3,409$2,907$2,470$2,093$1,754
16 years$3,695$3,128$2,635$2,212$1,850$1,528
17 years$3,441$2,880$2,398$1,987$1,640$1,336
18 years$3,216$2,662$2,189$1,791$1,458$1,170
19 years$3,015$2,467$2,004$1,618$1,300$1,028
20 years$2,835$2,292$1,839$1,466$1,161$904
21 years$2,671$2,135$1,692$1,330$1,039$797
22 years$2,523$1,993$1,559$1,209$931$703
23 years$2,388$1,864$1,440$1,102$836$622
24 years$2,264$1,746$1,331$1,005$751$550
25 years$2,150$1,639$1,233$918$676$487
26 years$2,045$1,540$1,144$839$609$431
27 years$1,949$1,450$1,062$768$549$383
28 years$1,859$1,366$987$704$496$340
29 years$1,775$1,289$919$645$447$302
30 years$1,698$1,217$856$592$404$268
31 years$1,625$1,151$798$544$366$238
32 years$1,557$1,089$744$500$331$212
33 years$1,494$1,031$695$460$299$188
34 years$1,434$977$649$423$271$168
35 years$1,378$927$607$389$245$149
36 years$1,325$880$568$358$222$133
37 years$1,275$835$532$330$202$118
38 years$1,227$794$498$304$183$105
39 years$1,183$755$466$281$166$94
40 years$1,140$718$437$259$150$84
41 years$1,100$684$410$239$136$74
42 years$1,062$651$385$220$124$66
43 years$1,025$620$361$204$112$59
44 years$991$591$339$188$102$53
45 years$958$564$318$174$93$47
46 years$927$538$299$160$84$42
47 years$897$513$281$148$76$37
48 years$868$490$264$137$69$33
49 years$840$468$248$126$63$30
50 years$814$447$233$117$57$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $834,000, adding $2,893 every year, while hoping to spend $33,727 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: 32/39/29 Blend
53$834,000$834,000$834,000$834,000
54$922,052$877,850$864,923$943,337
55$980,216$884,980$858,013$967,082
56$1,043,183$891,328$849,741$989,474
57$1,111,406$896,821$840,025$1,012,940
58$1,185,385$901,381$828,782$1,037,597
59$1,265,669$904,924$815,921$1,063,580
60$1,352,862$907,360$801,350$1,091,036
61$1,447,630$908,596$784,970$1,120,132
62$1,550,702$908,531$766,680$1,151,055
63$1,662,883$907,059$746,374$1,184,012
64$1,785,057$904,065$723,938$1,219,236
65$1,918,199$899,431$699,256$1,256,985
66$2,063,380$893,028$672,206$1,297,550
67$2,221,780$884,721$642,659$1,341,252
68$2,394,696$874,367$610,483$1,388,450
69$2,583,559$861,814$575,538$1,439,545
70$2,789,940$846,901$537,676$1,494,982
71$3,015,572$829,457$496,747$1,555,256
72$3,262,361$809,302$452,589$1,620,917
73$3,532,409$786,244$405,037$1,692,579
74$3,828,025$760,081$353,917$1,770,922
75$4,151,757$730,598$299,046$1,856,700
76$4,506,407$697,569$240,235$1,950,754
77$4,895,064$660,753$177,286$2,054,015
78$5,321,127$619,896$109,992$2,167,516
79$5,788,342$574,731$38,137$2,292,402
80$6,300,833$524,973$0$2,429,946
81$6,863,144$470,323$0$2,593,484
82$7,480,279$410,463$0$2,786,018
83$8,157,750$345,058$0$2,997,541
84$8,901,629$273,755$0$3,230,050
85$9,718,605$196,179$0$3,485,749
86$10,616,047$111,936$0$3,767,075
87$11,602,071$20,608$0$4,076,720
88$12,685,620$0$0$4,417,654
89$13,876,545$0$0$4,826,742
90$15,185,701$0$0$5,286,302
91$16,625,043$0$0$5,791,705
92$18,207,745$0$0$6,347,594
93$19,948,322$0$0$6,959,086
94$21,862,764$0$0$7,631,817
95$23,968,691$0$0$8,371,998
96$26,285,514$0$0$9,186,472
97$28,834,621$0$0$10,082,779
98$31,639,579$0$0$11,069,228
99$34,726,353$0$0$12,154,971
100$38,123,553$0$0$13,350,095