Can I retire at age 54 with 836,000?

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 $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%11.8%
1 years$69,036$68,421$67,821$67,236$66,664$66,161
2 years$34,176$33,540$32,923$32,325$31,745$31,237
3 years$22,558$21,919$21,303$20,711$20,140$19,644
4 years$16,750$16,113$15,503$14,921$14,364$13,884
5 years$13,266$12,632$12,031$11,461$10,919$10,456
6 years$10,944$10,315$9,723$9,165$8,640$8,194
7 years$9,286$8,663$8,080$7,535$7,027$6,598
8 years$8,043$7,426$6,852$6,321$5,829$5,418
9 years$7,077$6,465$5,902$5,384$4,909$4,516
10 years$6,305$5,699$5,145$4,641$4,183$3,807
11 years$5,673$5,073$4,530$4,039$3,597$3,238
12 years$5,147$4,554$4,020$3,543$3,117$2,775
13 years$4,703$4,115$3,592$3,128$2,718$2,392
14 years$4,322$3,741$3,227$2,777$2,383$2,073
15 years$3,992$3,417$2,914$2,476$2,098$1,804
16 years$3,704$3,135$2,642$2,217$1,854$1,575
17 years$3,450$2,887$2,404$1,992$1,644$1,379
18 years$3,224$2,668$2,194$1,795$1,462$1,211
19 years$3,023$2,473$2,009$1,622$1,303$1,066
20 years$2,841$2,298$1,844$1,469$1,164$940
21 years$2,678$2,140$1,696$1,333$1,042$830
22 years$2,529$1,998$1,563$1,212$934$734
23 years$2,393$1,869$1,443$1,104$838$650
24 years$2,269$1,751$1,335$1,007$753$577
25 years$2,155$1,643$1,236$920$678$512
26 years$2,050$1,544$1,146$841$611$455
27 years$1,953$1,453$1,065$770$550$404
28 years$1,863$1,369$990$705$497$359
29 years$1,780$1,292$921$647$449$320
30 years$1,702$1,220$858$594$405$285
31 years$1,629$1,153$800$545$366$254
32 years$1,561$1,091$746$501$331$226
33 years$1,497$1,033$697$461$300$202
34 years$1,437$979$651$424$272$180
35 years$1,381$929$609$390$246$161
36 years$1,328$882$569$359$223$143
37 years$1,278$837$533$331$202$128
38 years$1,230$796$499$305$183$114
39 years$1,185$757$468$281$166$102
40 years$1,143$720$438$260$151$91
41 years$1,103$685$411$239$137$81
42 years$1,064$653$385$221$124$73
43 years$1,028$622$362$204$113$65
44 years$993$593$340$188$102$58
45 years$960$565$319$174$93$52
46 years$929$539$299$161$84$46
47 years$899$515$281$148$76$41
48 years$870$491$264$137$69$37
49 years$843$469$248$127$63$33
50 years$816$448$234$117$57$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $836,000, adding $6,653 every year, while hoping to spend $47,897 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: 25/47/28 Blend
53$836,000$836,000$836,000$836,000
54$928,135$883,827$870,869$943,069
55$971,842$876,172$849,081$948,380
56$1,018,403$866,537$824,957$949,569
57$1,068,057$854,774$798,370$949,851
58$1,121,067$840,727$769,185$949,183
59$1,177,723$824,229$737,259$947,522
60$1,238,340$805,106$702,447$944,825
61$1,303,266$783,172$664,594$941,052
62$1,372,881$758,228$623,539$936,164
63$1,447,601$730,068$579,115$930,126
64$1,527,886$698,471$531,144$922,904
65$1,614,238$663,204$479,445$914,468
66$1,707,208$624,019$423,825$904,793
67$1,807,404$580,656$364,083$893,861
68$1,915,490$532,839$300,011$881,657
69$2,032,199$480,277$231,390$868,178
70$2,158,334$422,662$157,993$853,425
71$2,294,779$359,666$79,580$837,414
72$2,442,504$290,948$0$820,170
73$2,602,577$216,142$0$802,959
74$2,776,172$134,865$0$810,064
75$2,964,580$46,712$0$817,838
76$3,169,221$0$0$826,462
77$3,391,656$0$0$861,353
78$3,633,604$0$0$925,709
79$3,896,954$0$0$995,888
80$4,183,787$0$0$1,072,462
81$4,496,391$0$0$1,156,059
82$4,837,285$0$0$1,247,371
83$5,209,241$0$0$1,347,158
84$5,615,311$0$0$1,456,259
85$6,058,855$0$0$1,575,596
86$6,543,570$0$0$1,706,186
87$7,073,527$0$0$1,849,147
88$7,653,208$0$0$2,005,712
89$8,287,550$0$0$2,177,236
90$8,981,987$0$0$2,365,215
91$9,742,503$0$0$2,571,294
92$10,575,689$0$0$2,797,284
93$11,488,803$0$0$3,045,183
94$12,489,838$0$0$3,317,189
95$13,587,597$0$0$3,615,723
96$14,791,777$0$0$3,943,454
97$16,113,059$0$0$4,303,319
98$17,563,205$0$0$4,698,555
99$19,155,175$0$0$5,132,730
100$20,903,243$0$0$5,609,770