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%15.6%
1 years$68,871$68,257$67,659$67,075$66,504$64,976
2 years$34,095$33,460$32,844$32,247$31,669$30,137
3 years$22,504$21,866$21,252$20,661$20,092$18,605
4 years$16,710$16,074$15,466$14,885$14,330$12,899
5 years$13,234$12,602$12,002$11,433$10,893$9,523
6 years$10,918$10,291$9,700$9,143$8,619$7,311
7 years$9,264$8,642$8,061$7,517$7,010$5,763
8 years$8,024$7,408$6,836$6,306$5,815$4,630
9 years$7,060$6,450$5,888$5,371$4,897$3,773
10 years$6,290$5,685$5,133$4,630$4,173$3,108
11 years$5,660$5,061$4,519$4,030$3,589$2,582
12 years$5,135$4,543$4,011$3,535$3,110$2,159
13 years$4,691$4,105$3,583$3,120$2,712$1,815
14 years$4,311$3,732$3,220$2,770$2,377$1,533
15 years$3,982$3,409$2,907$2,470$2,093$1,300
16 years$3,695$3,128$2,635$2,212$1,850$1,105
17 years$3,441$2,880$2,398$1,987$1,640$942
18 years$3,216$2,662$2,189$1,791$1,458$805
19 years$3,015$2,467$2,004$1,618$1,300$689
20 years$2,835$2,292$1,839$1,466$1,161$591
21 years$2,671$2,135$1,692$1,330$1,039$507
22 years$2,523$1,993$1,559$1,209$931$436
23 years$2,388$1,864$1,440$1,102$836$375
24 years$2,264$1,746$1,331$1,005$751$322
25 years$2,150$1,639$1,233$918$676$278
26 years$2,045$1,540$1,144$839$609$239
27 years$1,949$1,450$1,062$768$549$206
28 years$1,859$1,366$987$704$496$178
29 years$1,775$1,289$919$645$447$154
30 years$1,698$1,217$856$592$404$133
31 years$1,625$1,151$798$544$366$115
32 years$1,557$1,089$744$500$331$99
33 years$1,494$1,031$695$460$299$85
34 years$1,434$977$649$423$271$74
35 years$1,378$927$607$389$245$64
36 years$1,325$880$568$358$222$55
37 years$1,275$835$532$330$202$48
38 years$1,227$794$498$304$183$41
39 years$1,183$755$466$281$166$36
40 years$1,140$718$437$259$150$31
41 years$1,100$684$410$239$136$27
42 years$1,062$651$385$220$124$23
43 years$1,025$620$361$204$112$20
44 years$991$591$339$188$102$17
45 years$958$564$318$174$93$15
46 years$927$538$299$160$84$13
47 years$897$513$281$148$76$11
48 years$868$490$264$137$69$10
49 years$840$468$248$126$63$8
50 years$814$447$233$117$57$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $834,000, adding $2,879 every year, while hoping to spend $46,950 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: 53/18/29 Blend
53$834,000$834,000$834,000$834,000
54$922,038$877,836$864,909$963,289
55$966,131$870,895$843,929$985,285
56$1,013,148$862,041$820,672$1,004,219
57$1,063,338$851,130$795,014$1,023,900
58$1,116,974$838,010$766,821$1,044,421
59$1,174,353$822,520$735,957$1,065,883
60$1,235,803$804,490$702,278$1,088,405
61$1,301,683$783,738$665,633$1,112,115
62$1,372,388$760,075$625,865$1,137,161
63$1,448,350$733,297$582,810$1,163,709
64$1,530,043$703,190$536,295$1,191,943
65$1,617,989$669,527$486,143$1,222,072
66$1,712,759$632,070$432,164$1,254,329
67$1,814,983$590,563$374,164$1,288,973
68$1,925,351$544,740$311,937$1,326,298
69$2,044,620$494,317$245,272$1,366,628
70$2,173,627$438,993$173,943$1,410,327
71$2,313,286$378,453$97,720$1,457,802
72$2,464,606$312,362$16,358$1,509,505
73$2,628,695$240,367$0$1,565,941
74$2,806,770$162,094$0$1,649,476
75$3,000,173$77,148$0$1,745,752
76$3,210,377$0$0$1,850,481
77$3,439,004$0$0$1,967,476
78$3,687,837$0$0$2,111,515
79$3,958,840$0$0$2,268,461
80$4,254,173$0$0$2,439,576
81$4,576,213$0$0$2,626,245
82$4,927,577$0$0$2,829,997
83$5,311,144$0$0$3,052,511
84$5,730,085$0$0$3,295,638
85$6,187,891$0$0$3,561,415
86$6,688,402$0$0$3,852,084
87$7,235,850$0$0$4,170,115
88$7,834,893$0$0$4,518,226
89$8,490,659$0$0$4,899,412
90$9,208,797$0$0$5,316,968
91$9,995,525$0$0$5,774,527
92$10,857,693$0$0$6,276,086
93$11,802,846$0$0$6,826,050
94$12,839,290$0$0$7,429,269
95$13,976,178$0$0$8,091,085
96$15,223,587$0$0$8,817,384
97$16,592,620$0$0$9,614,647
98$18,095,505$0$0$10,490,014
99$19,745,713$0$0$11,451,351
100$21,558,084$0$0$12,507,323