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%19.4%
1 years$69,036$68,421$67,821$67,236$66,664$64,146
2 years$34,176$33,540$32,923$32,325$31,745$29,237
3 years$22,558$21,919$21,303$20,711$20,140$17,722
4 years$16,750$16,113$15,503$14,921$14,364$12,053
5 years$13,266$12,632$12,031$11,461$10,919$8,722
6 years$10,944$10,315$9,723$9,165$8,640$6,558
7 years$9,286$8,663$8,080$7,535$7,027$5,059
8 years$8,043$7,426$6,852$6,321$5,829$3,975
9 years$7,077$6,465$5,902$5,384$4,909$3,165
10 years$6,305$5,699$5,145$4,641$4,183$2,545
11 years$5,673$5,073$4,530$4,039$3,597$2,063
12 years$5,147$4,554$4,020$3,543$3,117$1,683
13 years$4,703$4,115$3,592$3,128$2,718$1,379
14 years$4,322$3,741$3,227$2,777$2,383$1,134
15 years$3,992$3,417$2,914$2,476$2,098$936
16 years$3,704$3,135$2,642$2,217$1,854$775
17 years$3,450$2,887$2,404$1,992$1,644$642
18 years$3,224$2,668$2,194$1,795$1,462$533
19 years$3,023$2,473$2,009$1,622$1,303$444
20 years$2,841$2,298$1,844$1,469$1,164$369
21 years$2,678$2,140$1,696$1,333$1,042$308
22 years$2,529$1,998$1,563$1,212$934$257
23 years$2,393$1,869$1,443$1,104$838$214
24 years$2,269$1,751$1,335$1,007$753$179
25 years$2,155$1,643$1,236$920$678$150
26 years$2,050$1,544$1,146$841$611$125
27 years$1,953$1,453$1,065$770$550$105
28 years$1,863$1,369$990$705$497$87
29 years$1,780$1,292$921$647$449$73
30 years$1,702$1,220$858$594$405$61
31 years$1,629$1,153$800$545$366$51
32 years$1,561$1,091$746$501$331$43
33 years$1,497$1,033$697$461$300$36
34 years$1,437$979$651$424$272$30
35 years$1,381$929$609$390$246$25
36 years$1,328$882$569$359$223$21
37 years$1,278$837$533$331$202$18
38 years$1,230$796$499$305$183$15
39 years$1,185$757$468$281$166$12
40 years$1,143$720$438$260$151$10
41 years$1,103$685$411$239$137$9
42 years$1,064$653$385$221$124$7
43 years$1,028$622$362$204$113$6
44 years$993$593$340$188$102$5
45 years$960$565$319$174$93$4
46 years$929$539$299$161$84$4
47 years$899$515$281$148$76$3
48 years$870$491$264$137$69$3
49 years$843$469$248$127$63$2
50 years$816$448$234$117$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $836,000, adding $3,387 every year, while hoping to spend $23,405 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: 69/26/5 Blend
53$836,000$836,000$836,000$836,000
54$924,766$880,458$867,500$987,841
55$994,189$898,697$871,658$1,048,227
56$1,069,909$917,046$875,172$1,111,055
57$1,152,544$935,485$877,993$1,179,132
58$1,242,772$953,993$880,075$1,252,967
59$1,341,343$972,547$881,366$1,333,118
60$1,449,080$991,122$881,812$1,420,203
61$1,566,890$1,009,691$881,357$1,514,903
62$1,695,772$1,028,225$879,941$1,617,964
63$1,836,826$1,046,692$877,504$1,730,212
64$1,991,261$1,065,060$873,979$1,852,554
65$2,160,412$1,083,290$869,300$1,985,991
66$2,345,746$1,101,343$863,394$2,131,625
67$2,548,882$1,119,178$856,187$2,290,670
68$2,771,599$1,136,749$847,600$2,464,465
69$3,015,859$1,154,007$837,552$2,654,483
70$3,283,822$1,170,900$825,956$2,862,348
71$3,577,869$1,187,371$812,722$3,089,850
72$3,900,621$1,203,360$797,757$3,338,960
73$4,254,963$1,218,805$780,962$3,611,852
74$4,644,078$1,233,635$762,233$3,910,921
75$5,071,469$1,247,777$741,462$4,238,804
76$5,540,995$1,261,154$718,537$4,598,409
77$6,056,908$1,273,682$693,339$4,992,942
78$6,623,892$1,285,272$665,746$5,425,932
79$7,247,107$1,295,829$635,627$5,901,271
80$7,932,239$1,305,252$602,847$6,423,248
81$8,685,552$1,313,434$567,267$6,996,589
82$9,513,945$1,320,259$528,737$7,626,502
83$10,425,022$1,325,606$487,105$8,318,728
84$11,427,160$1,329,346$442,208$9,079,592
85$12,529,588$1,331,342$393,880$9,916,066
86$13,742,474$1,331,446$341,943$10,835,833
87$15,077,023$1,329,503$286,214$11,847,362
88$16,545,579$1,325,349$226,503$12,959,984
89$18,161,745$1,318,808$162,608$14,183,984
90$19,940,509$1,309,695$94,321$15,530,697
91$21,898,384$1,297,813$21,423$17,012,615
92$24,053,566$1,282,953$0$18,643,506
93$26,426,106$1,264,894$0$20,441,550
94$29,038,096$1,243,401$0$22,421,877
95$31,913,879$1,218,225$0$24,601,785
96$35,080,279$1,189,103$0$27,001,600
97$38,566,855$1,155,756$0$29,643,721
98$42,406,176$1,117,890$0$32,552,831
99$46,634,131$1,075,191$0$35,756,137
100$51,290,267$1,027,330$0$39,283,618