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%17.9%
1 years$68,954$68,339$67,740$67,155$66,584$64,453
2 years$34,135$33,500$32,884$32,286$31,707$29,579
3 years$22,531$21,892$21,278$20,686$20,116$18,059
4 years$16,730$16,093$15,485$14,903$14,347$12,376
5 years$13,250$12,617$12,017$11,447$10,906$9,027
6 years$10,931$10,303$9,711$9,154$8,630$6,843
7 years$9,275$8,652$8,070$7,526$7,018$5,325
8 years$8,034$7,417$6,844$6,314$5,822$4,221
9 years$7,069$6,458$5,895$5,378$4,903$3,392
10 years$6,297$5,692$5,139$4,636$4,178$2,754
11 years$5,666$5,067$4,525$4,034$3,593$2,254
12 years$5,141$4,548$4,015$3,539$3,114$1,857
13 years$4,697$4,110$3,588$3,124$2,715$1,537
14 years$4,317$3,736$3,223$2,773$2,380$1,278
15 years$3,987$3,413$2,910$2,473$2,096$1,066
16 years$3,699$3,131$2,639$2,215$1,852$892
17 years$3,446$2,884$2,401$1,990$1,642$748
18 years$3,220$2,665$2,192$1,793$1,460$628
19 years$3,019$2,470$2,007$1,620$1,302$528
20 years$2,838$2,295$1,841$1,467$1,163$445
21 years$2,674$2,138$1,694$1,332$1,040$375
22 years$2,526$1,995$1,561$1,211$933$317
23 years$2,390$1,866$1,441$1,103$837$267
24 years$2,267$1,749$1,333$1,006$752$226
25 years$2,153$1,641$1,235$919$677$191
26 years$2,048$1,542$1,145$840$610$162
27 years$1,951$1,451$1,063$769$550$137
28 years$1,861$1,368$989$704$496$116
29 years$1,778$1,290$920$646$448$98
30 years$1,700$1,218$857$593$405$83
31 years$1,627$1,152$799$544$366$70
32 years$1,559$1,090$745$500$331$60
33 years$1,495$1,032$696$460$300$51
34 years$1,436$978$650$423$271$43
35 years$1,379$928$608$390$246$36
36 years$1,326$881$569$359$223$31
37 years$1,276$836$532$331$202$26
38 years$1,229$795$498$305$183$22
39 years$1,184$756$467$281$166$19
40 years$1,142$719$438$259$150$16
41 years$1,101$685$410$239$136$14
42 years$1,063$652$385$221$124$11
43 years$1,027$621$361$204$112$10
44 years$992$592$339$188$102$8
45 years$959$565$318$174$93$7
46 years$928$539$299$160$84$6
47 years$898$514$281$148$76$5
48 years$869$491$264$137$69$4
49 years$842$469$248$127$63$4
50 years$815$448$233$117$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $835,000, adding $2,908 every year, while hoping to spend $58,937 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: 34/37/29 Blend
53$835,000$835,000$835,000$835,000
54$923,170$878,915$865,972$946,384
55$954,624$859,273$832,274$944,554
56$987,312$836,693$795,471$937,131
57$1,021,297$810,970$755,398$927,997
58$1,056,646$781,884$711,881$917,041
59$1,093,433$749,206$664,738$904,147
60$1,131,736$712,690$613,779$889,192
61$1,171,639$672,078$558,807$872,049
62$1,213,233$627,096$499,614$852,582
63$1,256,615$577,456$435,983$830,652
64$1,301,891$522,853$367,690$806,113
65$1,349,173$462,962$294,497$778,809
66$1,398,585$397,443$216,158$748,582
67$1,450,258$325,936$132,417$715,264
68$1,504,336$248,058$43,005$678,681
69$1,560,974$163,408$0$638,649
70$1,620,339$71,562$0$611,200
71$1,682,615$0$0$595,171
72$1,747,998$0$0$588,503
73$1,816,703$0$0$612,153
74$1,888,964$0$0$637,069
75$1,965,035$0$0$663,345
76$2,045,192$0$0$691,081
77$2,129,737$0$0$720,389
78$2,218,997$0$0$751,390
79$2,313,330$0$0$784,214
80$2,413,127$0$0$819,005
81$2,518,815$0$0$855,922
82$2,630,858$0$0$895,136
83$2,749,766$0$0$936,835
84$2,876,096$0$0$981,225
85$3,010,455$0$0$1,028,530
86$3,153,511$0$0$1,078,998
87$3,305,992$0$0$1,132,899
88$3,468,697$0$0$1,190,529
89$3,642,500$0$0$1,252,212
90$3,828,362$0$0$1,318,305
91$4,027,333$0$0$1,389,198
92$4,240,566$0$0$1,465,320
93$4,469,326$0$0$1,547,140
94$4,715,000$0$0$1,635,176
95$4,979,111$0$0$1,729,993
96$5,263,333$0$0$1,832,214
97$5,569,500$0$0$1,942,523
98$5,899,629$0$0$2,061,672
99$6,255,936$0$0$2,190,486
100$6,640,854$0$0$2,329,872