Can I retire at age 54 with 838,000?

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 $838,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$69,201$68,585$67,983$67,396$66,823$64,350
2 years$34,258$33,620$33,002$32,402$31,821$29,357
3 years$22,612$21,971$21,354$20,760$20,188$17,811
4 years$16,790$16,151$15,540$14,957$14,398$12,127
5 years$13,298$12,663$12,060$11,488$10,945$8,785
6 years$10,970$10,340$9,746$9,187$8,661$6,612
7 years$9,308$8,684$8,099$7,553$7,044$5,107
8 years$8,063$7,443$6,869$6,336$5,843$4,017
9 years$7,094$6,481$5,916$5,397$4,921$3,202
10 years$6,320$5,712$5,158$4,652$4,193$2,579
11 years$5,687$5,086$4,541$4,049$3,606$2,093
12 years$5,160$4,564$4,030$3,551$3,125$1,709
13 years$4,714$4,125$3,600$3,135$2,725$1,403
14 years$4,332$3,749$3,235$2,783$2,389$1,156
15 years$4,002$3,425$2,921$2,482$2,103$955
16 years$3,713$3,143$2,648$2,223$1,859$791
17 years$3,458$2,894$2,410$1,997$1,648$657
18 years$3,232$2,674$2,200$1,800$1,465$547
19 years$3,030$2,479$2,014$1,626$1,306$455
20 years$2,848$2,303$1,848$1,473$1,167$380
21 years$2,684$2,145$1,700$1,337$1,044$317
22 years$2,535$2,003$1,567$1,215$936$265
23 years$2,399$1,873$1,447$1,107$840$221
24 years$2,275$1,755$1,338$1,009$755$185
25 years$2,160$1,647$1,239$922$679$155
26 years$2,055$1,548$1,149$843$612$130
27 years$1,958$1,457$1,067$772$552$109
28 years$1,868$1,373$992$707$498$91
29 years$1,784$1,295$923$648$450$76
30 years$1,706$1,223$860$595$406$64
31 years$1,633$1,156$802$546$367$54
32 years$1,565$1,094$748$502$332$45
33 years$1,501$1,036$698$462$301$38
34 years$1,441$982$653$425$272$32
35 years$1,384$931$610$391$247$26
36 years$1,331$884$571$360$223$22
37 years$1,281$839$534$332$202$19
38 years$1,233$798$500$306$184$16
39 years$1,188$759$469$282$166$13
40 years$1,146$722$439$260$151$11
41 years$1,105$687$412$240$137$9
42 years$1,067$654$386$222$124$8
43 years$1,030$623$363$204$113$6
44 years$996$594$340$189$102$5
45 years$963$567$320$174$93$5
46 years$931$541$300$161$84$4
47 years$901$516$282$149$77$3
48 years$872$492$265$138$70$3
49 years$845$470$249$127$63$2
50 years$818$449$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 $838,000, adding $5,383 every year, while hoping to spend $38,018 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: 59/22/19 Blend
53$838,000$838,000$838,000$838,000
54$929,029$884,615$871,626$978,915
55$983,339$887,510$860,374$1,016,242
56$1,041,914$889,273$847,472$1,052,298
57$1,105,150$889,808$832,823$1,090,761
58$1,173,480$889,013$816,327$1,131,871
59$1,247,381$886,781$797,880$1,175,891
60$1,327,378$882,997$777,373$1,223,114
61$1,414,047$877,540$754,691$1,273,866
62$1,508,021$870,281$729,715$1,328,505
63$1,609,997$861,083$702,318$1,387,428
64$1,720,742$849,801$672,371$1,451,074
65$1,841,098$836,281$639,736$1,519,929
66$1,971,993$820,362$604,270$1,594,530
67$2,114,447$801,871$565,824$1,675,473
68$2,269,582$780,625$524,241$1,763,413
69$2,438,635$756,430$479,358$1,859,078
70$2,622,964$729,083$431,004$1,963,271
71$2,824,065$698,368$379,002$2,076,880
72$3,043,586$664,054$323,165$2,200,887
73$3,283,339$625,900$263,298$2,336,376
74$3,545,321$583,650$199,199$2,484,545
75$3,831,727$537,032$130,656$2,646,721
76$4,144,977$485,761$57,448$2,824,365
77$4,487,735$429,534$0$3,019,095
78$4,862,934$368,030$0$3,236,889
79$5,273,802$300,913$0$3,488,229
80$5,723,897$227,824$0$3,763,685
81$6,217,134$148,388$0$4,065,716
82$6,757,828$62,205$0$4,397,036
83$7,350,729$0$0$4,760,634
84$8,001,069$0$0$5,167,351
85$8,714,612$0$0$5,630,187
86$9,497,705$0$0$6,138,208
87$10,357,342$0$0$6,695,961
88$11,301,223$0$0$7,308,451
89$12,337,835$0$0$7,981,195
90$13,476,523$0$0$8,720,268
91$14,727,585$0$0$9,532,363
92$16,102,363$0$0$10,424,855
93$17,613,355$0$0$11,405,867
94$19,274,327$0$0$12,484,350
95$21,100,447$0$0$13,670,163
96$23,108,426$0$0$14,974,169
97$25,316,674$0$0$16,408,338
98$27,745,477$0$0$17,985,857
99$30,417,181$0$0$19,721,255
100$33,356,412$0$0$21,630,539