Can I retire at age 54 with 836,000?

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 $836,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$69,036$68,421$67,821$67,236$66,664$64,921
2 years$34,176$33,540$32,923$32,325$31,745$30,000
3 years$22,558$21,919$21,303$20,711$20,140$18,449
4 years$16,750$16,113$15,503$14,921$14,364$12,740
5 years$13,266$12,632$12,031$11,461$10,919$9,366
6 years$10,944$10,315$9,723$9,165$8,640$7,159
7 years$9,286$8,663$8,080$7,535$7,027$5,618
8 years$8,043$7,426$6,852$6,321$5,829$4,492
9 years$7,077$6,465$5,902$5,384$4,909$3,643
10 years$6,305$5,699$5,145$4,641$4,183$2,986
11 years$5,673$5,073$4,530$4,039$3,597$2,468
12 years$5,147$4,554$4,020$3,543$3,117$2,053
13 years$4,703$4,115$3,592$3,128$2,718$1,717
14 years$4,322$3,741$3,227$2,777$2,383$1,442
15 years$3,992$3,417$2,914$2,476$2,098$1,216
16 years$3,704$3,135$2,642$2,217$1,854$1,028
17 years$3,450$2,887$2,404$1,992$1,644$871
18 years$3,224$2,668$2,194$1,795$1,462$740
19 years$3,023$2,473$2,009$1,622$1,303$630
20 years$2,841$2,298$1,844$1,469$1,164$536
21 years$2,678$2,140$1,696$1,333$1,042$458
22 years$2,529$1,998$1,563$1,212$934$391
23 years$2,393$1,869$1,443$1,104$838$334
24 years$2,269$1,751$1,335$1,007$753$286
25 years$2,155$1,643$1,236$920$678$244
26 years$2,050$1,544$1,146$841$611$209
27 years$1,953$1,453$1,065$770$550$179
28 years$1,863$1,369$990$705$497$154
29 years$1,780$1,292$921$647$449$132
30 years$1,702$1,220$858$594$405$113
31 years$1,629$1,153$800$545$366$97
32 years$1,561$1,091$746$501$331$83
33 years$1,497$1,033$697$461$300$71
34 years$1,437$979$651$424$272$61
35 years$1,381$929$609$390$246$53
36 years$1,328$882$569$359$223$45
37 years$1,278$837$533$331$202$39
38 years$1,230$796$499$305$183$33
39 years$1,185$757$468$281$166$29
40 years$1,143$720$438$260$151$25
41 years$1,103$685$411$239$137$21
42 years$1,064$653$385$221$124$18
43 years$1,028$622$362$204$113$16
44 years$993$593$340$188$102$13
45 years$960$565$319$174$93$11
46 years$929$539$299$161$84$10
47 years$899$515$281$148$76$8
48 years$870$491$264$137$69$7
49 years$843$469$248$127$63$6
50 years$816$448$234$117$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $836,000, adding $3,346 every year, while hoping to spend $47,657 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: 70/5/25 Blend
53$836,000$836,000$836,000$836,000
54$924,723$880,415$867,457$983,355
55$968,339$872,849$845,811$1,015,463
56$1,014,805$863,315$821,841$1,044,745
57$1,064,364$851,666$795,421$1,075,673
58$1,117,278$837,746$766,417$1,108,407
59$1,173,836$821,392$734,688$1,143,124
60$1,234,355$802,428$700,088$1,180,023
61$1,299,182$780,669$662,463$1,219,321
62$1,368,697$755,921$621,655$1,261,261
63$1,443,319$727,975$577,494$1,306,112
64$1,523,504$696,613$529,807$1,354,169
65$1,609,757$661,603$478,411$1,405,763
66$1,702,630$622,698$423,116$1,461,256
67$1,802,729$579,642$363,721$1,521,053
68$1,910,720$532,157$300,019$1,585,599
69$2,027,337$479,956$231,792$1,655,387
70$2,153,383$422,731$158,815$1,730,964
71$2,289,741$360,159$80,849$1,812,934
72$2,437,385$291,897$0$1,901,965
73$2,597,383$217,584$0$1,999,424
74$2,770,909$136,838$0$2,128,555
75$2,959,255$49,257$0$2,268,744
76$3,163,842$0$0$2,421,065
77$3,386,234$0$0$2,589,208
78$3,628,149$0$0$2,775,099
79$3,891,481$0$0$2,977,487
80$4,178,310$0$0$3,197,979
81$4,490,927$0$0$3,438,339
82$4,831,853$0$0$3,700,512
83$5,203,864$0$0$3,986,637
84$5,610,014$0$0$4,299,071
85$6,053,665$0$0$4,640,406
86$6,538,518$0$0$5,013,496
87$7,068,648$0$0$5,421,483
88$7,648,543$0$0$5,867,829
89$8,283,142$0$0$6,356,343
90$8,977,886$0$0$6,891,220
91$9,738,763$0$0$7,477,080
92$10,572,372$0$0$8,119,010
93$11,485,978$0$0$8,822,615
94$12,487,580$0$0$9,594,065
95$13,585,992$0$0$10,440,156
96$14,790,920$0$0$11,368,374
97$16,113,053$0$0$12,386,966
98$17,564,168$0$0$13,505,013
99$19,157,235$0$0$14,732,519
100$20,906,544$0$0$16,080,507