Can I retire at age 54 with 851,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.1%
1 years$70,275$69,649$69,038$68,442$67,860$66,984
2 years$34,789$34,142$33,514$32,905$32,314$31,433
3 years$22,963$22,312$21,686$21,082$20,501$19,643
4 years$17,050$16,402$15,782$15,189$14,622$13,792
5 years$13,504$12,859$12,247$11,666$11,115$10,316
6 years$11,140$10,500$9,897$9,330$8,795$8,028
7 years$9,453$8,818$8,225$7,670$7,153$6,418
8 years$8,188$7,559$6,975$6,435$5,934$5,232
9 years$7,204$6,581$6,008$5,481$4,997$4,327
10 years$6,418$5,801$5,238$4,725$4,258$3,619
11 years$5,775$5,164$4,611$4,112$3,662$3,054
12 years$5,240$4,635$4,092$3,607$3,173$2,596
13 years$4,787$4,189$3,656$3,184$2,767$2,219
14 years$4,399$3,808$3,285$2,826$2,426$1,906
15 years$4,064$3,478$2,966$2,521$2,136$1,644
16 years$3,770$3,191$2,689$2,257$1,888$1,423
17 years$3,512$2,939$2,447$2,028$1,674$1,235
18 years$3,282$2,716$2,234$1,828$1,488$1,074
19 years$3,077$2,517$2,045$1,651$1,326$936
20 years$2,892$2,339$1,877$1,496$1,185$818
21 years$2,726$2,179$1,726$1,357$1,060$715
22 years$2,574$2,034$1,591$1,234$950$627
23 years$2,436$1,902$1,469$1,124$853$550
24 years$2,310$1,782$1,359$1,025$767$482
25 years$2,194$1,672$1,258$936$690$424
26 years$2,087$1,572$1,167$856$622$373
27 years$1,988$1,479$1,084$784$560$328
28 years$1,897$1,394$1,007$718$506$289
29 years$1,812$1,315$938$658$457$254
30 years$1,732$1,242$873$604$413$224
31 years$1,658$1,174$814$555$373$198
32 years$1,589$1,111$760$510$337$174
33 years$1,524$1,052$709$469$305$154
34 years$1,463$997$663$431$276$136
35 years$1,406$946$620$397$250$120
36 years$1,352$898$580$366$227$106
37 years$1,301$852$542$337$206$93
38 years$1,252$810$508$311$186$82
39 years$1,207$770$476$286$169$73
40 years$1,163$733$446$264$153$64
41 years$1,122$698$418$244$139$57
42 years$1,083$664$392$225$126$50
43 years$1,046$633$368$208$115$44
44 years$1,011$603$346$192$104$39
45 years$977$575$325$177$94$35
46 years$945$549$305$164$86$31
47 years$915$524$286$151$78$27
48 years$886$500$269$140$71$24
49 years$858$478$253$129$64$21
50 years$831$456$238$119$58$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $851,000, adding $4,957 every year, while hoping to spend $55,590 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: 71/21/8 Blend
53$851,000$851,000$851,000$851,000
54$942,915$897,812$884,622$1,008,239
55$979,945$882,658$855,109$1,036,920
56$1,018,889$864,897$822,745$1,060,962
57$1,059,883$844,345$787,374$1,085,749
58$1,103,077$820,803$748,837$1,111,341
59$1,148,631$794,063$706,963$1,137,806
60$1,196,723$763,904$661,578$1,165,217
61$1,247,544$730,090$612,496$1,193,660
62$1,301,305$692,376$559,527$1,223,228
63$1,358,235$650,499$502,467$1,254,026
64$1,418,584$604,183$441,109$1,286,171
65$1,482,625$553,133$375,231$1,319,796
66$1,550,658$497,042$304,607$1,355,048
67$1,623,009$435,581$228,996$1,392,090
68$1,700,038$368,406$148,148$1,431,107
69$1,782,134$295,151$61,804$1,472,303
70$1,869,729$215,430$0$1,515,907
71$1,963,291$128,836$0$1,564,763
72$2,063,337$34,939$0$1,622,364
73$2,170,430$0$0$1,683,771
74$2,285,191$0$0$1,764,780
75$2,408,299$0$0$1,860,372
76$2,540,500$0$0$1,963,054
77$2,682,611$0$0$2,073,467
78$2,835,532$0$0$2,192,314
79$3,000,248$0$0$2,320,364
80$3,177,844$0$0$2,458,465
81$3,369,508$0$0$2,607,547
82$3,576,550$0$0$2,768,632
83$3,800,405$0$0$2,942,844
84$4,042,654$0$0$3,131,418
85$4,305,032$0$0$3,335,712
86$4,589,448$0$0$3,557,217
87$4,898,002$0$0$3,797,576
88$5,233,002$0$0$4,058,593
89$5,596,987$0$0$4,342,254
90$5,992,751$0$0$4,650,744
91$6,423,366$0$0$4,986,465
92$6,892,213$0$0$5,352,062
93$7,403,013$0$0$5,750,446
94$7,959,861$0$0$6,184,817
95$8,567,261$0$0$6,658,700
96$9,230,175$0$0$7,175,975
97$9,954,060$0$0$7,740,912
98$10,744,929$0$0$8,358,212
99$11,609,395$0$0$9,033,050
100$12,554,744$0$0$9,771,123