Can I retire at age 54 with 851,000?

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 $851,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$70,275$69,649$69,038$68,442$67,860$65,979
2 years$34,789$34,142$33,514$32,905$32,314$30,433
3 years$22,963$22,312$21,686$21,082$20,501$18,679
4 years$17,050$16,402$15,782$15,189$14,622$12,872
5 years$13,504$12,859$12,247$11,666$11,115$9,443
6 years$11,140$10,500$9,897$9,330$8,795$7,203
7 years$9,453$8,818$8,225$7,670$7,153$5,639
8 years$8,188$7,559$6,975$6,435$5,934$4,499
9 years$7,204$6,581$6,008$5,481$4,997$3,639
10 years$6,418$5,801$5,238$4,725$4,258$2,975
11 years$5,775$5,164$4,611$4,112$3,662$2,453
12 years$5,240$4,635$4,092$3,607$3,173$2,035
13 years$4,787$4,189$3,656$3,184$2,767$1,698
14 years$4,399$3,808$3,285$2,826$2,426$1,422
15 years$4,064$3,478$2,966$2,521$2,136$1,196
16 years$3,770$3,191$2,689$2,257$1,888$1,008
17 years$3,512$2,939$2,447$2,028$1,674$852
18 years$3,282$2,716$2,234$1,828$1,488$721
19 years$3,077$2,517$2,045$1,651$1,326$612
20 years$2,892$2,339$1,877$1,496$1,185$520
21 years$2,726$2,179$1,726$1,357$1,060$442
22 years$2,574$2,034$1,591$1,234$950$376
23 years$2,436$1,902$1,469$1,124$853$321
24 years$2,310$1,782$1,359$1,025$767$273
25 years$2,194$1,672$1,258$936$690$233
26 years$2,087$1,572$1,167$856$622$199
27 years$1,988$1,479$1,084$784$560$170
28 years$1,897$1,394$1,007$718$506$145
29 years$1,812$1,315$938$658$457$124
30 years$1,732$1,242$873$604$413$106
31 years$1,658$1,174$814$555$373$91
32 years$1,589$1,111$760$510$337$78
33 years$1,524$1,052$709$469$305$66
34 years$1,463$997$663$431$276$57
35 years$1,406$946$620$397$250$49
36 years$1,352$898$580$366$227$42
37 years$1,301$852$542$337$206$36
38 years$1,252$810$508$311$186$30
39 years$1,207$770$476$286$169$26
40 years$1,163$733$446$264$153$22
41 years$1,122$698$418$244$139$19
42 years$1,083$664$392$225$126$16
43 years$1,046$633$368$208$115$14
44 years$1,011$603$346$192$104$12
45 years$977$575$325$177$94$10
46 years$945$549$305$164$86$9
47 years$915$524$286$151$78$8
48 years$886$500$269$140$71$6
49 years$858$478$253$129$64$5
50 years$831$456$238$119$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $851,000, adding $6,019 every year, while hoping to spend $43,395 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: 48/22/30 Blend
53$851,000$851,000$851,000$851,000
54$944,011$898,908$885,717$980,977
55$994,128$896,782$869,217$1,005,536
56$1,047,902$893,098$850,709$1,027,494
57$1,105,662$887,733$830,081$1,050,517
58$1,167,765$880,558$807,215$1,074,730
59$1,234,607$871,435$781,986$1,100,270
60$1,306,620$860,219$754,266$1,127,294
61$1,384,280$846,754$723,919$1,155,975
62$1,468,110$830,878$690,803$1,186,508
63$1,558,683$812,417$654,771$1,219,112
64$1,656,630$791,187$615,667$1,254,029
65$1,762,646$766,995$573,331$1,291,531
66$1,877,491$739,633$527,594$1,331,923
67$2,002,006$708,885$478,278$1,375,543
68$2,137,110$674,521$425,201$1,422,768
69$2,283,819$636,296$368,168$1,474,018
70$2,443,246$593,952$306,980$1,529,762
71$2,616,620$547,218$241,426$1,590,521
72$2,805,288$495,805$171,287$1,656,874
73$3,010,737$439,409$96,334$1,729,466
74$3,234,599$377,707$16,329$1,809,012
75$3,478,674$310,360$0$1,896,309
76$3,744,940$237,009$0$2,014,343
77$4,035,575$157,274$0$2,149,006
78$4,352,978$70,754$0$2,296,241
79$4,699,788$0$0$2,457,346
80$5,078,910$0$0$2,639,316
81$5,493,546$0$0$2,857,154
82$5,947,216$0$0$3,095,593
83$6,443,801$0$0$3,356,684
84$6,987,571$0$0$3,642,684
85$7,583,231$0$0$3,956,080
86$8,235,960$0$0$4,299,610
87$8,951,463$0$0$4,676,291
88$9,736,025$0$0$5,089,445
89$10,596,564$0$0$5,542,729
90$11,540,703$0$0$6,040,174
91$12,576,838$0$0$6,586,220
92$13,714,216$0$0$7,185,755
93$14,963,026$0$0$7,844,167
94$16,334,488$0$0$8,567,389
95$17,840,963$0$0$9,361,958
96$19,496,071$0$0$10,235,075
97$21,314,812$0$0$11,194,673
98$23,313,714$0$0$12,249,492
99$25,510,985$0$0$13,409,161
100$27,926,685$0$0$14,684,288