Can I retire at age 54 with 837,000?

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 $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%
1 years$69,119$68,503$67,902$67,316$66,744$66,462
2 years$34,217$33,580$32,962$32,363$31,783$31,499
3 years$22,585$21,945$21,329$20,736$20,164$19,886
4 years$16,770$16,132$15,522$14,939$14,381$14,112
5 years$13,282$12,648$12,046$11,474$10,932$10,672
6 years$10,957$10,328$9,735$9,176$8,650$8,399
7 years$9,297$8,673$8,090$7,544$7,035$6,793
8 years$8,053$7,434$6,861$6,329$5,836$5,604
9 years$7,086$6,473$5,909$5,391$4,915$4,692
10 years$6,312$5,706$5,152$4,647$4,188$3,975
11 years$5,680$5,079$4,535$4,044$3,602$3,398
12 years$5,153$4,559$4,025$3,547$3,121$2,926
13 years$4,708$4,120$3,596$3,132$2,722$2,536
14 years$4,327$3,745$3,231$2,780$2,386$2,208
15 years$3,997$3,421$2,917$2,479$2,101$1,932
16 years$3,708$3,139$2,645$2,220$1,857$1,696
17 years$3,454$2,891$2,407$1,995$1,646$1,494
18 years$3,228$2,671$2,197$1,797$1,464$1,319
19 years$3,026$2,476$2,011$1,624$1,305$1,167
20 years$2,845$2,300$1,846$1,471$1,165$1,035
21 years$2,681$2,143$1,698$1,335$1,043$920
22 years$2,532$2,000$1,565$1,214$935$818
23 years$2,396$1,871$1,445$1,105$839$729
24 years$2,272$1,753$1,336$1,008$754$650
25 years$2,158$1,645$1,238$921$679$581
26 years$2,053$1,546$1,148$842$611$519
27 years$1,956$1,455$1,066$771$551$465
28 years$1,865$1,371$991$706$497$416
29 years$1,782$1,293$922$647$449$373
30 years$1,704$1,221$859$594$406$334
31 years$1,631$1,155$801$546$367$299
32 years$1,563$1,093$747$502$332$269
33 years$1,499$1,035$698$461$300$241
34 years$1,439$981$652$424$272$217
35 years$1,383$930$609$391$246$195
36 years$1,329$883$570$360$223$175
37 years$1,279$838$534$331$202$157
38 years$1,232$797$500$306$183$141
39 years$1,187$758$468$282$166$127
40 years$1,144$721$439$260$151$114
41 years$1,104$686$411$240$137$103
42 years$1,066$654$386$221$124$92
43 years$1,029$623$362$204$113$83
44 years$994$594$340$189$102$75
45 years$961$566$319$174$93$67
46 years$930$540$300$161$84$61
47 years$900$515$282$149$77$55
48 years$871$492$265$137$70$49
49 years$844$470$249$127$63$44
50 years$817$449$234$117$57$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $837,000, adding $2,982 every year, while hoping to spend $24,163 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: 87/6/7 Blend
53$837,000$837,000$837,000$837,000
54$925,450$881,089$868,115$1,005,236
55$994,137$898,553$871,488$1,075,139
56$1,069,019$916,063$874,164$1,148,304
57$1,150,705$933,596$876,094$1,227,940
58$1,239,861$951,126$877,227$1,314,684
59$1,337,222$968,626$877,509$1,409,233
60$1,443,597$986,067$876,884$1,512,358
61$1,559,876$1,003,417$875,292$1,624,905
62$1,687,040$1,020,641$872,672$1,747,809
63$1,826,170$1,037,704$868,957$1,882,098
64$1,978,452$1,054,564$864,080$2,028,903
65$2,145,196$1,071,180$857,969$2,189,472
66$2,327,845$1,087,506$850,549$2,365,178
67$2,527,984$1,103,493$841,742$2,557,536
68$2,747,362$1,119,088$831,464$2,768,211
69$2,987,905$1,134,236$819,630$2,999,041
70$3,251,733$1,148,875$806,150$3,252,047
71$3,541,183$1,162,943$790,928$3,529,459
72$3,858,825$1,176,369$773,866$3,833,732
73$4,207,496$1,189,081$754,861$4,167,570
74$4,590,315$1,201,001$733,804$4,533,954
75$5,010,722$1,212,045$710,581$4,936,168
76$5,472,505$1,222,124$685,075$5,377,828
77$5,979,836$1,231,144$657,160$5,862,921
78$6,537,313$1,239,004$626,709$6,395,839
79$7,150,000$1,245,596$593,584$6,981,420
80$7,823,476$1,250,806$557,646$7,624,996
81$8,563,888$1,254,513$518,744$8,332,444
82$9,378,008$1,256,588$476,726$9,110,235
83$10,273,298$1,256,894$431,429$9,965,503
84$11,257,977$1,255,284$382,685$10,906,108
85$12,341,103$1,251,605$330,317$11,940,711
86$13,532,654$1,245,693$274,142$13,078,856
87$14,843,626$1,237,373$213,966$14,331,059
88$16,286,131$1,226,460$149,590$15,708,908
89$17,873,519$1,212,758$80,803$17,225,173
90$19,620,495$1,196,061$7,388$18,893,926
91$21,543,266$1,176,148$0$20,730,672
92$23,659,685$1,152,786$0$22,757,799
93$25,989,428$1,125,727$0$24,989,769
94$28,554,173$1,094,711$0$27,446,797
95$31,377,808$1,059,461$0$30,151,769
96$34,486,653$1,019,683$0$33,129,900
97$37,909,712$975,068$0$36,408,979
98$41,678,944$925,288$0$40,019,623
99$45,829,564$869,995$0$43,995,576
100$50,400,378$808,823$0$48,374,016