Can I retire at age 54 with 850,000?

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 $850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$70,192$69,567$68,957$68,362$67,780$66,989
2 years$34,749$34,101$33,474$32,866$32,276$31,480
3 years$22,936$22,286$21,660$21,058$20,477$19,700
4 years$17,030$16,382$15,763$15,171$14,605$13,853
5 years$13,488$12,844$12,233$11,653$11,102$10,378
6 years$11,127$10,488$9,886$9,319$8,785$8,090
7 years$9,442$8,808$8,215$7,661$7,144$6,478
8 years$8,178$7,550$6,967$6,427$5,927$5,290
9 years$7,196$6,574$6,001$5,474$4,991$4,383
10 years$6,410$5,794$5,232$4,719$4,253$3,672
11 years$5,768$5,158$4,606$4,107$3,658$3,105
12 years$5,234$4,630$4,088$3,602$3,170$2,644
13 years$4,781$4,184$3,652$3,180$2,764$2,265
14 years$4,394$3,803$3,281$2,823$2,423$1,949
15 years$4,059$3,474$2,963$2,518$2,133$1,685
16 years$3,766$3,188$2,686$2,254$1,885$1,461
17 years$3,507$2,936$2,444$2,026$1,672$1,270
18 years$3,278$2,713$2,231$1,825$1,486$1,108
19 years$3,073$2,514$2,043$1,649$1,325$968
20 years$2,889$2,336$1,875$1,494$1,183$847
21 years$2,722$2,176$1,724$1,356$1,059$743
22 years$2,571$2,031$1,589$1,233$949$652
23 years$2,433$1,900$1,467$1,123$852$573
24 years$2,307$1,780$1,357$1,024$766$504
25 years$2,191$1,670$1,257$935$689$444
26 years$2,085$1,570$1,166$855$621$391
27 years$1,986$1,478$1,082$783$560$345
28 years$1,894$1,392$1,006$717$505$305
29 years$1,809$1,313$936$658$456$269
30 years$1,730$1,240$872$603$412$238
31 years$1,656$1,173$813$554$373$210
32 years$1,587$1,109$759$509$337$186
33 years$1,522$1,051$708$468$305$164
34 years$1,461$996$662$431$276$145
35 years$1,404$945$619$397$250$128
36 years$1,350$897$579$365$227$114
37 years$1,299$851$542$337$205$101
38 years$1,251$809$507$310$186$89
39 years$1,205$769$475$286$169$79
40 years$1,162$732$446$264$153$70
41 years$1,121$697$418$243$139$62
42 years$1,082$664$392$225$126$55
43 years$1,045$632$368$207$114$49
44 years$1,010$603$345$192$104$43
45 years$976$575$324$177$94$38
46 years$944$548$304$163$86$34
47 years$914$523$286$151$78$30
48 years$885$500$269$139$71$27
49 years$857$477$253$129$64$24
50 years$830$456$238$119$58$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $850,000, adding $5,517 every year, while hoping to spend $54,378 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: 29/42/29 Blend
53$850,000$850,000$850,000$850,000
54$942,391$897,341$884,166$961,177
55$980,657$883,453$855,928$962,628
56$1,021,004$867,062$824,921$959,117
57$1,063,586$847,987$790,995$954,266
58$1,108,572$826,039$753,994$947,999
59$1,156,147$801,016$713,754$940,237
60$1,206,511$772,703$670,102$930,899
61$1,259,884$740,874$622,859$919,901
62$1,316,506$705,291$571,838$907,159
63$1,376,639$665,699$516,844$892,586
64$1,440,569$621,832$457,672$876,095
65$1,508,612$573,406$394,108$857,597
66$1,581,109$520,122$325,930$837,005
67$1,658,438$461,663$252,904$814,228
68$1,741,009$397,696$174,787$789,179
69$1,829,276$327,866$91,326$761,771
70$1,923,732$251,802$2,256$731,918
71$2,024,921$169,108$0$699,536
72$2,133,438$79,369$0$693,262
73$2,249,935$0$0$686,917
74$2,375,130$0$0$688,078
75$2,509,810$0$0$728,883
76$2,654,838$0$0$772,925
77$2,811,163$0$0$820,505
78$2,979,828$0$0$871,954
79$3,161,977$0$0$927,634
80$3,358,869$0$0$987,946
81$3,571,887$0$0$1,053,330
82$3,802,550$0$0$1,124,268
83$4,052,531$0$0$1,201,292
84$4,323,666$0$0$1,284,986
85$4,617,977$0$0$1,375,993
86$4,937,686$0$0$1,475,022
87$5,285,240$0$0$1,582,850
88$5,663,327$0$0$1,700,333
89$6,074,907$0$0$1,828,415
90$6,523,236$0$0$1,968,133
91$7,011,899$0$0$2,120,628
92$7,544,840$0$0$2,287,157
93$8,126,398$0$0$2,469,105
94$8,761,353$0$0$2,667,994
95$9,454,965$0$0$2,885,502
96$10,213,023$0$0$3,123,475
97$11,041,904$0$0$3,383,946
98$11,948,625$0$0$3,669,154
99$12,940,916$0$0$3,981,564
100$14,027,288$0$0$4,323,893