Can I retire at age 54 with 837,000?

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 $837,000?

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$69,119$68,503$67,902$67,316$66,744$66,240
2 years$34,217$33,580$32,962$32,363$31,783$31,275
3 years$22,585$21,945$21,329$20,736$20,164$19,668
4 years$16,770$16,132$15,522$14,939$14,381$13,900
5 years$13,282$12,648$12,046$11,474$10,932$10,468
6 years$10,957$10,328$9,735$9,176$8,650$8,204
7 years$9,297$8,673$8,090$7,544$7,035$6,606
8 years$8,053$7,434$6,861$6,329$5,836$5,425
9 years$7,086$6,473$5,909$5,391$4,915$4,521
10 years$6,312$5,706$5,152$4,647$4,188$3,811
11 years$5,680$5,079$4,535$4,044$3,602$3,242
12 years$5,153$4,559$4,025$3,547$3,121$2,778
13 years$4,708$4,120$3,596$3,132$2,722$2,395
14 years$4,327$3,745$3,231$2,780$2,386$2,075
15 years$3,997$3,421$2,917$2,479$2,101$1,806
16 years$3,708$3,139$2,645$2,220$1,857$1,577
17 years$3,454$2,891$2,407$1,995$1,646$1,381
18 years$3,228$2,671$2,197$1,797$1,464$1,212
19 years$3,026$2,476$2,011$1,624$1,305$1,067
20 years$2,845$2,300$1,846$1,471$1,165$941
21 years$2,681$2,143$1,698$1,335$1,043$831
22 years$2,532$2,000$1,565$1,214$935$735
23 years$2,396$1,871$1,445$1,105$839$651
24 years$2,272$1,753$1,336$1,008$754$577
25 years$2,158$1,645$1,238$921$679$512
26 years$2,053$1,546$1,148$842$611$455
27 years$1,956$1,455$1,066$771$551$405
28 years$1,865$1,371$991$706$497$360
29 years$1,782$1,293$922$647$449$320
30 years$1,704$1,221$859$594$406$285
31 years$1,631$1,155$801$546$367$254
32 years$1,563$1,093$747$502$332$227
33 years$1,499$1,035$698$461$300$202
34 years$1,439$981$652$424$272$180
35 years$1,383$930$609$391$246$161
36 years$1,329$883$570$360$223$144
37 years$1,279$838$534$331$202$128
38 years$1,232$797$500$306$183$114
39 years$1,187$758$468$282$166$102
40 years$1,144$721$439$260$151$91
41 years$1,104$686$411$240$137$82
42 years$1,066$654$386$221$124$73
43 years$1,029$623$362$204$113$65
44 years$994$594$340$189$102$58
45 years$961$566$319$174$93$52
46 years$930$540$300$161$84$46
47 years$900$515$282$149$77$42
48 years$871$492$265$137$70$37
49 years$844$470$249$127$63$33
50 years$817$449$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 $837,000, adding $2,574 every year, while hoping to spend $56,542 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: 63/30/7 Blend
53$837,000$837,000$837,000$837,000
54$925,029$880,668$867,695$981,914
55$959,222$863,661$836,602$1,003,159
56$995,007$843,925$802,573$1,019,484
57$1,032,488$821,267$765,449$1,035,848
58$1,071,775$795,483$725,065$1,052,252
59$1,112,990$766,355$681,249$1,068,699
60$1,156,264$733,655$633,819$1,085,194
61$1,201,738$697,140$582,588$1,101,747
62$1,249,568$656,552$527,357$1,118,371
63$1,299,923$611,622$467,922$1,135,082
64$1,352,984$562,061$404,067$1,151,902
65$1,408,953$507,566$335,568$1,168,858
66$1,468,047$447,818$262,190$1,185,982
67$1,530,502$382,475$183,688$1,203,317
68$1,596,579$311,182$99,807$1,220,911
69$1,666,559$233,559$10,280$1,238,821
70$1,740,752$149,208$0$1,257,117
71$1,819,495$57,705$0$1,282,248
72$1,903,157$0$0$1,309,173
73$1,992,142$0$0$1,350,920
74$2,086,892$0$0$1,415,688
75$2,187,890$0$0$1,484,763
76$2,295,666$0$0$1,558,510
77$2,410,800$0$0$1,637,332
78$2,533,929$0$0$1,721,669
79$2,665,750$0$0$1,812,005
80$2,807,027$0$0$1,908,868
81$2,958,600$0$0$2,012,841
82$3,121,388$0$0$2,124,561
83$3,296,403$0$0$2,244,728
84$3,484,754$0$0$2,374,111
85$3,687,658$0$0$2,513,555
86$3,906,453$0$0$2,663,987
87$4,142,608$0$0$2,826,425
88$4,397,739$0$0$3,001,989
89$4,673,620$0$0$3,191,910
90$4,972,201$0$0$3,397,540
91$5,295,627$0$0$3,620,365
92$5,646,254$0$0$3,862,022
93$6,026,674$0$0$4,124,308
94$6,439,740$0$0$4,409,200
95$6,888,586$0$0$4,718,873
96$7,376,662$0$0$5,055,722
97$7,907,763$0$0$5,422,378
98$8,486,065$0$0$5,821,738
99$9,116,162$0$0$6,256,991
100$9,803,112$0$0$6,731,645