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%18.3%
1 years$70,192$69,567$68,957$68,362$67,780$65,506
2 years$34,749$34,101$33,474$32,866$32,276$30,007
3 years$22,936$22,286$21,660$21,058$20,477$18,285
4 years$17,030$16,382$15,763$15,171$14,605$12,506
5 years$13,488$12,844$12,233$11,653$11,102$9,102
6 years$11,127$10,488$9,886$9,319$8,785$6,885
7 years$9,442$8,808$8,215$7,661$7,144$5,345
8 years$8,178$7,550$6,967$6,427$5,927$4,227
9 years$7,196$6,574$6,001$5,474$4,991$3,388
10 years$6,410$5,794$5,232$4,719$4,253$2,744
11 years$5,768$5,158$4,606$4,107$3,658$2,240
12 years$5,234$4,630$4,088$3,602$3,170$1,841
13 years$4,781$4,184$3,652$3,180$2,764$1,520
14 years$4,394$3,803$3,281$2,823$2,423$1,260
15 years$4,059$3,474$2,963$2,518$2,133$1,048
16 years$3,766$3,188$2,686$2,254$1,885$874
17 years$3,507$2,936$2,444$2,026$1,672$731
18 years$3,278$2,713$2,231$1,825$1,486$612
19 years$3,073$2,514$2,043$1,649$1,325$513
20 years$2,889$2,336$1,875$1,494$1,183$431
21 years$2,722$2,176$1,724$1,356$1,059$362
22 years$2,571$2,031$1,589$1,233$949$305
23 years$2,433$1,900$1,467$1,123$852$257
24 years$2,307$1,780$1,357$1,024$766$216
25 years$2,191$1,670$1,257$935$689$182
26 years$2,085$1,570$1,166$855$621$154
27 years$1,986$1,478$1,082$783$560$130
28 years$1,894$1,392$1,006$717$505$109
29 years$1,809$1,313$936$658$456$92
30 years$1,730$1,240$872$603$412$78
31 years$1,656$1,173$813$554$373$66
32 years$1,587$1,109$759$509$337$56
33 years$1,522$1,051$708$468$305$47
34 years$1,461$996$662$431$276$40
35 years$1,404$945$619$397$250$34
36 years$1,350$897$579$365$227$28
37 years$1,299$851$542$337$205$24
38 years$1,251$809$507$310$186$20
39 years$1,205$769$475$286$169$17
40 years$1,162$732$446$264$153$14
41 years$1,121$697$418$243$139$12
42 years$1,082$664$392$225$126$10
43 years$1,045$632$368$207$114$9
44 years$1,010$603$345$192$104$7
45 years$976$575$324$177$94$6
46 years$944$548$304$163$86$5
47 years$914$523$286$151$78$4
48 years$885$500$269$139$71$4
49 years$857$477$253$129$64$3
50 years$830$456$238$119$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $850,000, adding $4,188 every year, while hoping to spend $24,768 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: 73/22/5 Blend
53$850,000$850,000$850,000$850,000
54$941,020$895,970$882,795$1,009,028
55$1,010,651$913,519$886,016$1,071,926
56$1,086,554$931,099$888,514$1,137,245
57$1,169,344$948,683$890,240$1,208,067
58$1,259,694$966,246$891,140$1,284,927
59$1,358,349$983,759$891,160$1,368,413
60$1,466,127$1,001,189$890,240$1,459,173
61$1,583,930$1,018,505$888,321$1,557,921
62$1,712,748$1,035,669$885,337$1,665,444
63$1,853,674$1,052,643$881,221$1,782,608
64$2,007,911$1,069,384$875,904$1,910,367
65$2,176,782$1,085,849$869,312$2,049,771
66$2,361,747$1,101,988$861,367$2,201,980
67$2,564,410$1,117,751$851,987$2,368,269
68$2,786,540$1,133,081$841,090$2,550,044
69$3,030,086$1,147,920$828,584$2,748,853
70$3,297,192$1,162,205$814,379$2,966,403
71$3,590,220$1,175,868$798,376$3,204,574
72$3,911,774$1,188,838$780,473$3,465,437
73$4,264,720$1,201,036$760,564$3,751,277
74$4,652,216$1,212,381$738,537$4,064,608
75$5,077,740$1,222,785$714,276$4,408,202
76$5,545,124$1,232,156$687,659$4,785,115
77$6,058,589$1,240,394$658,557$5,198,713
78$6,622,785$1,247,393$626,839$5,652,705
79$7,242,835$1,253,042$592,364$6,151,180
80$7,924,382$1,257,219$554,987$6,698,642
81$8,673,645$1,259,799$514,554$7,300,056
82$9,497,473$1,260,645$470,909$7,960,895
83$10,403,415$1,259,616$423,883$8,687,187
84$11,399,783$1,256,558$373,304$9,485,579
85$12,495,741$1,251,309$318,989$10,363,393
86$13,701,382$1,243,698$260,751$11,328,699
87$15,027,827$1,233,543$198,390$12,390,394
88$16,487,330$1,220,652$131,700$13,558,279
89$18,093,392$1,204,818$60,467$14,843,157
90$19,860,890$1,185,826$0$16,256,935
91$21,806,214$1,163,445$0$17,813,563
92$23,947,426$1,137,432$0$19,530,169
93$26,304,427$1,107,530$0$21,419,473
94$28,899,144$1,073,464$0$23,499,053
95$31,755,740$1,034,947$0$25,788,279
96$34,900,839$991,672$0$28,308,499
97$38,363,777$943,317$0$31,083,239
98$42,176,881$889,538$0$34,138,425
99$46,375,771$829,974$0$37,502,629
100$50,999,699$764,242$0$41,207,339