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%18.3%
1 years$70,275$69,649$69,038$68,442$67,860$65,583
2 years$34,789$34,142$33,514$32,905$32,314$30,042
3 years$22,963$22,312$21,686$21,082$20,501$18,306
4 years$17,050$16,402$15,782$15,189$14,622$12,520
5 years$13,504$12,859$12,247$11,666$11,115$9,113
6 years$11,140$10,500$9,897$9,330$8,795$6,894
7 years$9,453$8,818$8,225$7,670$7,153$5,352
8 years$8,188$7,559$6,975$6,435$5,934$4,232
9 years$7,204$6,581$6,008$5,481$4,997$3,392
10 years$6,418$5,801$5,238$4,725$4,258$2,747
11 years$5,775$5,164$4,611$4,112$3,662$2,243
12 years$5,240$4,635$4,092$3,607$3,173$1,843
13 years$4,787$4,189$3,656$3,184$2,767$1,522
14 years$4,399$3,808$3,285$2,826$2,426$1,261
15 years$4,064$3,478$2,966$2,521$2,136$1,049
16 years$3,770$3,191$2,689$2,257$1,888$875
17 years$3,512$2,939$2,447$2,028$1,674$731
18 years$3,282$2,716$2,234$1,828$1,488$613
19 years$3,077$2,517$2,045$1,651$1,326$514
20 years$2,892$2,339$1,877$1,496$1,185$431
21 years$2,726$2,179$1,726$1,357$1,060$363
22 years$2,574$2,034$1,591$1,234$950$305
23 years$2,436$1,902$1,469$1,124$853$257
24 years$2,310$1,782$1,359$1,025$767$216
25 years$2,194$1,672$1,258$936$690$182
26 years$2,087$1,572$1,167$856$622$154
27 years$1,988$1,479$1,084$784$560$130
28 years$1,897$1,394$1,007$718$506$110
29 years$1,812$1,315$938$658$457$92
30 years$1,732$1,242$873$604$413$78
31 years$1,658$1,174$814$555$373$66
32 years$1,589$1,111$760$510$337$56
33 years$1,524$1,052$709$469$305$47
34 years$1,463$997$663$431$276$40
35 years$1,406$946$620$397$250$34
36 years$1,352$898$580$366$227$28
37 years$1,301$852$542$337$206$24
38 years$1,252$810$508$311$186$20
39 years$1,207$770$476$286$169$17
40 years$1,163$733$446$264$153$14
41 years$1,122$698$418$244$139$12
42 years$1,083$664$392$225$126$10
43 years$1,046$633$368$208$115$9
44 years$1,011$603$346$192$104$7
45 years$977$575$325$177$94$6
46 years$945$549$305$164$86$5
47 years$915$524$286$151$78$4
48 years$886$500$269$140$71$4
49 years$858$478$253$129$64$3
50 years$831$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 $851,000, adding $2,242 every year, while hoping to spend $26,017 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: 40/36/24 Blend
53$851,000$851,000$851,000$851,000
54$940,115$895,012$881,821$970,968
55$1,008,324$911,185$883,680$1,009,598
56$1,082,620$927,280$884,730$1,048,743
57$1,163,594$943,263$884,915$1,090,578
58$1,251,899$959,102$884,178$1,135,364
59$1,348,255$974,760$882,460$1,183,388
60$1,453,451$990,198$879,697$1,234,969
61$1,568,360$1,005,374$875,824$1,290,458
62$1,693,939$1,020,243$870,770$1,350,245
63$1,831,243$1,034,758$864,464$1,414,758
64$1,981,435$1,048,866$856,828$1,484,471
65$2,145,794$1,062,513$847,785$1,559,908
66$2,325,729$1,075,640$837,249$1,641,646
67$2,522,790$1,088,183$825,134$1,730,324
68$2,738,686$1,100,076$811,348$1,826,647
69$2,975,299$1,111,247$795,795$1,931,393
70$3,234,701$1,121,618$778,374$2,045,422
71$3,519,172$1,131,110$758,982$2,169,684
72$3,831,228$1,139,634$737,508$2,305,226
73$4,173,636$1,147,099$713,837$2,453,206
74$4,549,446$1,153,406$687,850$2,614,899
75$4,962,016$1,158,450$659,420$2,791,718
76$5,415,047$1,162,119$628,416$2,985,217
77$5,912,615$1,164,296$594,701$3,197,116
78$6,459,209$1,164,854$558,131$3,429,310
79$7,059,777$1,163,661$518,557$3,683,891
80$7,719,767$1,160,573$475,821$3,963,171
81$8,445,183$1,155,440$429,761$4,269,697
82$9,242,638$1,148,103$380,204$4,606,282
83$10,119,419$1,138,392$326,973$4,976,030
84$11,083,554$1,126,127$269,880$5,382,366
85$12,143,886$1,111,118$208,731$5,829,068
86$13,310,162$1,093,162$143,323$6,320,304
87$14,593,118$1,072,046$73,444$6,860,675
88$16,004,582$1,047,543$0$7,455,255
89$17,557,589$1,019,412$0$8,109,929
90$19,266,500$987,400$0$8,850,674
91$21,147,138$951,238$0$9,665,534
92$23,216,938$910,640$0$10,562,087
93$25,495,110$865,306$0$11,548,687
94$28,002,823$814,917$0$12,634,543
95$30,763,399$759,137$0$13,829,809
96$33,802,539$697,608$0$15,145,679
97$37,148,562$629,954$0$16,594,492
98$40,832,671$555,777$0$18,189,853
99$44,889,250$474,657$0$19,946,758
100$49,356,187$386,149$0$21,881,740