Can I retire at age 54 with 835,000?

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 $835,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$68,954$68,339$67,740$67,155$66,584$65,643
2 years$34,135$33,500$32,884$32,286$31,707$30,761
3 years$22,531$21,892$21,278$20,686$20,116$19,194
4 years$16,730$16,093$15,485$14,903$14,347$13,456
5 years$13,250$12,617$12,017$11,447$10,906$10,050
6 years$10,931$10,303$9,711$9,154$8,630$7,808
7 years$9,275$8,652$8,070$7,526$7,018$6,232
8 years$8,034$7,417$6,844$6,314$5,822$5,071
9 years$7,069$6,458$5,895$5,378$4,903$4,186
10 years$6,297$5,692$5,139$4,636$4,178$3,495
11 years$5,666$5,067$4,525$4,034$3,593$2,944
12 years$5,141$4,548$4,015$3,539$3,114$2,497
13 years$4,697$4,110$3,588$3,124$2,715$2,131
14 years$4,317$3,736$3,223$2,773$2,380$1,827
15 years$3,987$3,413$2,910$2,473$2,096$1,572
16 years$3,699$3,131$2,639$2,215$1,852$1,358
17 years$3,446$2,884$2,401$1,990$1,642$1,176
18 years$3,220$2,665$2,192$1,793$1,460$1,021
19 years$3,019$2,470$2,007$1,620$1,302$888
20 years$2,838$2,295$1,841$1,467$1,163$774
21 years$2,674$2,138$1,694$1,332$1,040$675
22 years$2,526$1,995$1,561$1,211$933$590
23 years$2,390$1,866$1,441$1,103$837$516
24 years$2,267$1,749$1,333$1,006$752$452
25 years$2,153$1,641$1,235$919$677$396
26 years$2,048$1,542$1,145$840$610$348
27 years$1,951$1,451$1,063$769$550$305
28 years$1,861$1,368$989$704$496$268
29 years$1,778$1,290$920$646$448$235
30 years$1,700$1,218$857$593$405$207
31 years$1,627$1,152$799$544$366$182
32 years$1,559$1,090$745$500$331$160
33 years$1,495$1,032$696$460$300$141
34 years$1,436$978$650$423$271$124
35 years$1,379$928$608$390$246$109
36 years$1,326$881$569$359$223$96
37 years$1,276$836$532$331$202$85
38 years$1,229$795$498$305$183$75
39 years$1,184$756$467$281$166$66
40 years$1,142$719$438$259$150$58
41 years$1,101$685$410$239$136$51
42 years$1,063$652$385$221$124$45
43 years$1,027$621$361$204$112$40
44 years$992$592$339$188$102$35
45 years$959$565$318$174$93$31
46 years$928$539$299$160$84$27
47 years$898$514$281$148$76$24
48 years$869$491$264$137$69$21
49 years$842$469$248$127$63$19
50 years$815$448$233$117$57$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $835,000, adding $6,753 every year, while hoping to spend $59,603 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: 62/17/21 Blend
53$835,000$835,000$835,000$835,000
54$927,136$882,881$869,938$979,160
55$958,286$862,725$835,664$994,943
56$990,617$839,583$798,244$1,004,941
57$1,024,184$813,248$757,510$1,014,500
58$1,059,050$783,496$713,286$1,023,585
59$1,095,280$750,094$665,387$1,032,159
60$1,132,944$712,794$613,623$1,040,184
61$1,172,117$671,334$557,792$1,047,621
62$1,212,879$625,435$497,685$1,054,430
63$1,255,317$574,806$433,081$1,060,571
64$1,299,524$519,136$363,754$1,066,001
65$1,345,599$458,097$289,463$1,070,680
66$1,393,649$391,343$209,959$1,074,565
67$1,443,791$318,508$124,982$1,077,613
68$1,496,149$239,206$34,260$1,079,782
69$1,550,858$153,029$0$1,081,030
70$1,608,063$59,545$0$1,095,332
71$1,667,922$0$0$1,117,735
72$1,730,606$0$0$1,148,385
73$1,796,299$0$0$1,192,197
74$1,865,201$0$0$1,238,168
75$1,937,531$0$0$1,286,446
76$2,013,523$0$0$1,337,190
77$2,093,436$0$0$1,390,576
78$2,177,547$0$0$1,446,792
79$2,266,160$0$0$1,506,045
80$2,359,608$0$0$1,568,560
81$2,458,249$0$0$1,634,582
82$2,562,478$0$0$1,704,378
83$2,672,722$0$0$1,778,239
84$2,789,451$0$0$1,856,485
85$2,913,176$0$0$1,939,464
86$3,044,456$0$0$2,027,555
87$3,183,902$0$0$2,121,175
88$3,332,181$0$0$2,220,778
89$3,490,026$0$0$2,326,863
90$3,658,238$0$0$2,439,976
91$3,837,691$0$0$2,560,712
92$4,029,349$0$0$2,689,727
93$4,234,261$0$0$2,827,739
94$4,453,584$0$0$2,975,532
95$4,688,581$0$0$3,133,971
96$4,940,641$0$0$3,304,000
97$5,211,287$0$0$3,486,659
98$5,502,189$0$0$3,683,088
99$5,815,183$0$0$3,894,537
100$6,152,283$0$0$4,122,380