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%18.1%
1 years$69,201$68,585$67,983$67,396$66,823$64,633
2 years$34,258$33,620$33,002$32,402$31,821$29,634
3 years$22,612$21,971$21,354$20,760$20,188$18,075
4 years$16,790$16,151$15,540$14,957$14,398$12,375
5 years$13,298$12,663$12,060$11,488$10,945$9,016
6 years$10,970$10,340$9,746$9,187$8,661$6,828
7 years$9,308$8,684$8,099$7,553$7,044$5,307
8 years$8,063$7,443$6,869$6,336$5,843$4,201
9 years$7,094$6,481$5,916$5,397$4,921$3,372
10 years$6,320$5,712$5,158$4,652$4,193$2,734
11 years$5,687$5,086$4,541$4,049$3,606$2,235
12 years$5,160$4,564$4,030$3,551$3,125$1,839
13 years$4,714$4,125$3,600$3,135$2,725$1,520
14 years$4,332$3,749$3,235$2,783$2,389$1,262
15 years$4,002$3,425$2,921$2,482$2,103$1,051
16 years$3,713$3,143$2,648$2,223$1,859$878
17 years$3,458$2,894$2,410$1,997$1,648$735
18 years$3,232$2,674$2,200$1,800$1,465$617
19 years$3,030$2,479$2,014$1,626$1,306$518
20 years$2,848$2,303$1,848$1,473$1,167$436
21 years$2,684$2,145$1,700$1,337$1,044$367
22 years$2,535$2,003$1,567$1,215$936$309
23 years$2,399$1,873$1,447$1,107$840$261
24 years$2,275$1,755$1,338$1,009$755$220
25 years$2,160$1,647$1,239$922$679$186
26 years$2,055$1,548$1,149$843$612$157
27 years$1,958$1,457$1,067$772$552$133
28 years$1,868$1,373$992$707$498$112
29 years$1,784$1,295$923$648$450$95
30 years$1,706$1,223$860$595$406$80
31 years$1,633$1,156$802$546$367$68
32 years$1,565$1,094$748$502$332$57
33 years$1,501$1,036$698$462$301$48
34 years$1,441$982$653$425$272$41
35 years$1,384$931$610$391$247$35
36 years$1,331$884$571$360$223$29
37 years$1,281$839$534$332$202$25
38 years$1,233$798$500$306$184$21
39 years$1,188$759$469$282$166$18
40 years$1,146$722$439$260$151$15
41 years$1,105$687$412$240$137$13
42 years$1,067$654$386$222$124$11
43 years$1,030$623$363$204$113$9
44 years$996$594$340$189$102$8
45 years$963$567$320$174$93$7
46 years$931$541$300$161$84$6
47 years$901$516$282$149$77$5
48 years$872$492$265$138$70$4
49 years$845$470$249$127$63$3
50 years$818$449$234$117$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $838,000, adding $4,357 every year, while hoping to spend $43,779 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: 44/26/30 Blend
53$838,000$838,000$838,000$838,000
54$927,970$883,556$870,567$960,551
55$976,043$880,270$853,151$981,020
56$1,027,551$875,355$833,683$998,718
57$1,082,800$868,687$812,051$1,017,084
58$1,142,123$860,130$788,132$1,036,204
59$1,205,887$849,543$761,801$1,056,180
60$1,274,494$836,777$732,928$1,077,124
61$1,348,385$821,672$701,373$1,099,165
62$1,428,045$804,059$666,995$1,122,448
63$1,514,008$783,760$629,641$1,147,135
64$1,606,858$760,586$589,156$1,173,411
65$1,707,240$734,337$545,375$1,201,481
66$1,815,860$704,800$498,126$1,231,579
67$1,933,495$671,753$447,231$1,263,964
68$2,061,000$634,957$392,501$1,298,928
69$2,199,314$594,163$333,743$1,336,798
70$2,349,472$549,104$270,751$1,377,940
71$2,512,609$499,501$203,312$1,422,762
72$2,689,976$445,058$131,204$1,471,721
73$2,882,949$385,461$54,194$1,525,327
74$3,093,041$320,380$0$1,584,147
75$3,321,917$249,464$0$1,657,776
76$3,571,410$172,345$0$1,757,056
77$3,843,537$88,633$0$1,865,491
78$4,140,518$0$0$1,984,045
79$4,464,796$0$0$2,114,381
80$4,819,063$0$0$2,284,566
81$5,206,278$0$0$2,470,678
82$5,629,703$0$0$2,674,296
83$6,092,928$0$0$2,897,158
84$6,599,905$0$0$3,141,180
85$7,154,987$0$0$3,408,470
86$7,762,967$0$0$3,701,351
87$8,429,123$0$0$4,022,380
88$9,159,268$0$0$4,374,373
89$9,959,805$0$0$4,760,435
90$10,837,785$0$0$5,183,980
91$11,800,975$0$0$5,648,773
92$12,857,928$0$0$6,158,961
93$14,018,069$0$0$6,719,108
94$15,291,775$0$0$7,334,247
95$16,690,481$0$0$8,009,918
96$18,226,783$0$0$8,752,226
97$19,914,553$0$0$9,567,897
98$21,769,079$0$0$10,464,339
99$23,807,198$0$0$11,449,714
100$26,047,462$0$0$12,533,015