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%19.9%
1 years$70,192$69,567$68,957$68,362$67,780$65,091
2 years$34,749$34,101$33,474$32,866$32,276$29,600
3 years$22,936$22,286$21,660$21,058$20,477$17,899
4 years$17,030$16,382$15,763$15,171$14,605$12,143
5 years$13,488$12,844$12,233$11,653$11,102$8,764
6 years$11,127$10,488$9,886$9,319$8,785$6,572
7 years$9,442$8,808$8,215$7,661$7,144$5,055
8 years$8,178$7,550$6,967$6,427$5,927$3,960
9 years$7,196$6,574$6,001$5,474$4,991$3,143
10 years$6,410$5,794$5,232$4,719$4,253$2,520
11 years$5,768$5,158$4,606$4,107$3,658$2,036
12 years$5,234$4,630$4,088$3,602$3,170$1,655
13 years$4,781$4,184$3,652$3,180$2,764$1,352
14 years$4,394$3,803$3,281$2,823$2,423$1,108
15 years$4,059$3,474$2,963$2,518$2,133$911
16 years$3,766$3,188$2,686$2,254$1,885$751
17 years$3,507$2,936$2,444$2,026$1,672$621
18 years$3,278$2,713$2,231$1,825$1,486$513
19 years$3,073$2,514$2,043$1,649$1,325$425
20 years$2,889$2,336$1,875$1,494$1,183$353
21 years$2,722$2,176$1,724$1,356$1,059$293
22 years$2,571$2,031$1,589$1,233$949$243
23 years$2,433$1,900$1,467$1,123$852$202
24 years$2,307$1,780$1,357$1,024$766$168
25 years$2,191$1,670$1,257$935$689$140
26 years$2,085$1,570$1,166$855$621$117
27 years$1,986$1,478$1,082$783$560$97
28 years$1,894$1,392$1,006$717$505$81
29 years$1,809$1,313$936$658$456$67
30 years$1,730$1,240$872$603$412$56
31 years$1,656$1,173$813$554$373$47
32 years$1,587$1,109$759$509$337$39
33 years$1,522$1,051$708$468$305$33
34 years$1,461$996$662$431$276$27
35 years$1,404$945$619$397$250$23
36 years$1,350$897$579$365$227$19
37 years$1,299$851$542$337$205$16
38 years$1,251$809$507$310$186$13
39 years$1,205$769$475$286$169$11
40 years$1,162$732$446$264$153$9
41 years$1,121$697$418$243$139$8
42 years$1,082$664$392$225$126$6
43 years$1,045$632$368$207$114$5
44 years$1,010$603$345$192$104$4
45 years$976$575$324$177$94$4
46 years$944$548$304$163$86$3
47 years$914$523$286$151$78$3
48 years$885$500$269$139$71$2
49 years$857$477$253$129$64$2
50 years$830$456$238$119$58$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $850,000, adding $3,739 every year, while hoping to spend $21,961 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: 43/27/30 Blend
53$850,000$850,000$850,000$850,000
54$940,557$895,507$882,332$972,635
55$1,013,127$916,020$888,524$1,016,580
56$1,092,364$936,803$894,187$1,061,819
57$1,178,923$957,845$899,280$1,110,426
58$1,273,529$979,134$903,762$1,162,728
59$1,376,976$1,000,659$907,585$1,219,083
60$1,490,142$1,022,406$910,703$1,279,890
61$1,613,991$1,044,358$913,067$1,345,585
62$1,749,586$1,066,500$914,622$1,416,652
63$1,898,098$1,088,812$915,316$1,493,621
64$2,060,814$1,111,274$915,089$1,577,081
65$2,239,154$1,133,864$913,882$1,667,678
66$2,434,682$1,156,557$911,631$1,766,128
67$2,649,118$1,179,327$908,269$1,873,216
68$2,884,358$1,202,144$903,726$1,989,813
69$3,142,491$1,224,978$897,930$2,116,876
70$3,425,818$1,247,794$890,803$2,255,462
71$3,736,872$1,270,557$882,265$2,406,737
72$4,078,445$1,293,226$872,233$2,571,986
73$4,453,611$1,315,759$860,617$2,752,626
74$4,865,757$1,338,109$847,326$2,950,222
75$5,318,616$1,360,228$832,263$3,166,497
76$5,816,298$1,382,062$815,327$3,403,353
77$6,363,331$1,403,554$796,411$3,662,888
78$6,964,706$1,424,643$775,406$3,947,413
79$7,625,918$1,445,263$752,195$4,259,480
80$8,353,025$1,465,345$726,657$4,601,901
81$9,152,699$1,484,812$698,665$4,977,776
82$10,032,291$1,503,584$668,087$5,390,526
83$10,999,901$1,521,576$634,784$5,843,922
84$12,064,453$1,538,695$598,612$6,342,122
85$13,235,780$1,554,844$559,418$6,889,711
86$14,524,716$1,569,918$517,045$7,491,743
87$15,943,199$1,583,805$471,327$8,153,793
88$17,504,381$1,596,388$422,093$8,882,006
89$19,222,755$1,607,538$369,160$9,683,159
90$21,114,291$1,617,122$312,342$10,564,722
91$23,196,584$1,624,997$251,441$11,534,932
92$25,489,023$1,631,009$186,251$12,602,869
93$28,012,972$1,634,997$116,559$13,778,544
94$30,791,972$1,636,788$42,141$15,072,996
95$33,851,962$1,636,201$0$16,498,391
96$37,221,527$1,633,039$0$18,080,076
97$40,932,163$1,627,098$0$19,836,077
98$45,018,575$1,618,157$0$21,769,274
99$49,519,009$1,605,986$0$23,897,724
100$54,475,605$1,590,337$0$26,241,325