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%14.2%
1 years$69,201$68,585$67,983$67,396$66,823$65,662
2 years$34,258$33,620$33,002$32,402$31,821$30,655
3 years$22,612$21,971$21,354$20,760$20,188$19,054
4 years$16,790$16,151$15,540$14,957$14,398$13,304
5 years$13,298$12,663$12,060$11,488$10,945$9,894
6 years$10,970$10,340$9,746$9,187$8,661$7,654
7 years$9,308$8,684$8,099$7,553$7,044$6,082
8 years$8,063$7,443$6,869$6,336$5,843$4,926
9 years$7,094$6,481$5,916$5,397$4,921$4,047
10 years$6,320$5,712$5,158$4,652$4,193$3,363
11 years$5,687$5,086$4,541$4,049$3,606$2,818
12 years$5,160$4,564$4,030$3,551$3,125$2,378
13 years$4,714$4,125$3,600$3,135$2,725$2,019
14 years$4,332$3,749$3,235$2,783$2,389$1,721
15 years$4,002$3,425$2,921$2,482$2,103$1,473
16 years$3,713$3,143$2,648$2,223$1,859$1,265
17 years$3,458$2,894$2,410$1,997$1,648$1,090
18 years$3,232$2,674$2,200$1,800$1,465$940
19 years$3,030$2,479$2,014$1,626$1,306$813
20 years$2,848$2,303$1,848$1,473$1,167$705
21 years$2,684$2,145$1,700$1,337$1,044$611
22 years$2,535$2,003$1,567$1,215$936$531
23 years$2,399$1,873$1,447$1,107$840$462
24 years$2,275$1,755$1,338$1,009$755$402
25 years$2,160$1,647$1,239$922$679$350
26 years$2,055$1,548$1,149$843$612$305
27 years$1,958$1,457$1,067$772$552$266
28 years$1,868$1,373$992$707$498$232
29 years$1,784$1,295$923$648$450$203
30 years$1,706$1,223$860$595$406$177
31 years$1,633$1,156$802$546$367$155
32 years$1,565$1,094$748$502$332$135
33 years$1,501$1,036$698$462$301$118
34 years$1,441$982$653$425$272$103
35 years$1,384$931$610$391$247$90
36 years$1,331$884$571$360$223$79
37 years$1,281$839$534$332$202$69
38 years$1,233$798$500$306$184$60
39 years$1,188$759$469$282$166$53
40 years$1,146$722$439$260$151$46
41 years$1,105$687$412$240$137$40
42 years$1,067$654$386$222$124$35
43 years$1,030$623$363$204$113$31
44 years$996$594$340$189$102$27
45 years$963$567$320$174$93$24
46 years$931$541$300$161$84$21
47 years$901$516$282$149$77$18
48 years$872$492$265$138$70$16
49 years$845$470$249$127$63$14
50 years$818$449$234$117$57$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $838,000, adding $2,388 every year, while hoping to spend $46,816 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: 48/29/23 Blend
53$838,000$838,000$838,000$838,000
54$925,939$881,525$868,536$964,234
55$970,573$874,908$847,820$984,612
56$1,018,191$866,398$824,841$1,001,860
57$1,069,047$855,852$799,474$1,019,637
58$1,123,421$843,120$771,588$1,038,015
59$1,181,618$828,041$741,045$1,057,074
60$1,243,976$810,448$707,702$1,076,907
61$1,310,862$790,161$671,411$1,097,619
62$1,382,681$766,989$632,014$1,119,328
63$1,459,875$740,732$589,347$1,142,169
64$1,542,932$711,178$543,240$1,166,295
65$1,632,387$678,101$493,514$1,191,878
66$1,728,827$641,265$439,983$1,219,111
67$1,832,896$600,416$382,452$1,248,214
68$1,945,304$555,289$320,716$1,279,432
69$2,066,829$505,602$254,565$1,313,040
70$2,198,328$451,059$183,775$1,349,350
71$2,340,741$391,344$108,115$1,388,707
72$2,495,103$326,126$27,343$1,431,501
73$2,662,551$255,054$0$1,478,168
74$2,844,337$177,758$0$1,543,636
75$3,041,837$93,845$0$1,622,107
76$3,256,564$2,903$0$1,707,536
77$3,490,184$0$0$1,800,673
78$3,744,528$0$0$1,932,823
79$4,021,614$0$0$2,077,882
80$4,323,660$0$0$2,236,096
81$4,653,107$0$0$2,408,755
82$5,012,643$0$0$2,597,280
83$5,405,227$0$0$2,803,234
84$5,834,115$0$0$3,028,337
85$6,302,893$0$0$3,274,485
86$6,815,508$0$0$3,543,764
87$7,376,305$0$0$3,838,470
88$7,990,071$0$0$4,161,134
89$8,662,075$0$0$4,514,540
90$9,398,118$0$0$4,901,756
91$10,204,593$0$0$5,326,160
92$11,088,536$0$0$5,791,473
93$12,057,697$0$0$6,301,793
94$13,120,615$0$0$6,861,632
95$14,286,690$0$0$7,475,962
96$15,566,280$0$0$8,150,258
97$16,970,792$0$0$8,890,553
98$18,512,792$0$0$9,703,490
99$20,206,121$0$0$10,596,389
100$22,066,029$0$0$11,577,313