Can I retire at age 54 with 853,000?

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 $853,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$70,440$69,813$69,200$68,603$68,019$66,268
2 years$34,871$34,222$33,592$32,982$32,390$30,637
3 years$23,017$22,364$21,737$21,132$20,550$18,850
4 years$17,090$16,440$15,819$15,224$14,656$13,023
5 years$13,536$12,889$12,276$11,694$11,141$9,579
6 years$11,167$10,525$9,921$9,352$8,816$7,326
7 years$9,475$8,839$8,244$7,688$7,170$5,752
8 years$8,207$7,577$6,992$6,450$5,948$4,603
9 years$7,221$6,597$6,022$5,494$5,009$3,734
10 years$6,433$5,815$5,250$4,736$4,268$3,063
11 years$5,789$5,177$4,622$4,121$3,671$2,533
12 years$5,252$4,646$4,102$3,615$3,181$2,108
13 years$4,798$4,199$3,665$3,192$2,774$1,765
14 years$4,410$3,817$3,293$2,833$2,431$1,483
15 years$4,073$3,487$2,973$2,527$2,141$1,251
16 years$3,779$3,199$2,696$2,262$1,892$1,059
17 years$3,520$2,946$2,453$2,033$1,678$898
18 years$3,290$2,722$2,239$1,832$1,492$763
19 years$3,084$2,523$2,050$1,655$1,330$650
20 years$2,899$2,344$1,881$1,499$1,188$554
21 years$2,732$2,184$1,730$1,361$1,063$473
22 years$2,580$2,038$1,595$1,237$953$404
23 years$2,442$1,907$1,472$1,127$855$346
24 years$2,315$1,786$1,362$1,028$769$296
25 years$2,199$1,676$1,261$938$692$254
26 years$2,092$1,575$1,170$858$623$217
27 years$1,993$1,483$1,086$785$562$186
28 years$1,901$1,397$1,010$720$507$160
29 years$1,816$1,318$940$660$458$137
30 years$1,736$1,245$875$606$414$118
31 years$1,662$1,177$816$556$374$101
32 years$1,593$1,113$761$511$338$87
33 years$1,528$1,054$711$470$306$75
34 years$1,466$999$664$432$277$64
35 years$1,409$948$621$398$251$55
36 years$1,355$900$581$367$227$47
37 years$1,304$854$544$338$206$41
38 years$1,255$812$509$311$187$35
39 years$1,210$772$477$287$169$30
40 years$1,166$735$447$265$154$26
41 years$1,125$699$419$244$139$22
42 years$1,086$666$393$225$127$19
43 years$1,049$635$369$208$115$16
44 years$1,013$605$346$192$104$14
45 years$980$577$325$177$95$12
46 years$948$550$306$164$86$10
47 years$917$525$287$151$78$9
48 years$888$501$270$140$71$8
49 years$860$479$254$129$64$7
50 years$833$457$238$120$58$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $853,000, adding $2,094 every year, while hoping to spend $29,340 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: 39/36/25 Blend
53$853,000$853,000$853,000$853,000
54$942,166$896,957$883,735$971,844
55$1,007,049$909,690$882,123$1,006,318
56$1,077,568$922,064$879,473$1,040,678
57$1,154,264$934,030$875,720$1,077,256
58$1,237,738$945,536$870,796$1,116,273
59$1,328,646$956,527$864,627$1,157,971
60$1,427,714$966,943$857,138$1,202,621
61$1,535,739$976,721$848,249$1,250,519
62$1,653,597$985,793$837,879$1,301,997
63$1,782,256$994,088$825,939$1,357,420
64$1,922,777$1,001,530$812,340$1,417,192
65$2,076,331$1,008,036$796,984$1,481,762
66$2,244,208$1,013,520$779,774$1,551,624
67$2,427,824$1,017,890$760,603$1,627,327
68$2,628,742$1,021,047$739,364$1,709,476
69$2,848,683$1,022,887$715,941$1,798,742
70$3,089,539$1,023,299$690,216$1,895,866
71$3,353,397$1,022,166$662,063$2,001,668
72$3,642,554$1,019,362$631,352$2,117,054
73$3,959,538$1,014,754$597,946$2,243,026
74$4,307,136$1,008,202$561,703$2,380,691
75$4,688,416$999,557$522,472$2,531,273
76$5,106,759$988,659$480,099$2,696,125
77$5,565,886$975,342$434,420$2,876,742
78$6,069,899$959,426$385,266$3,074,773
79$6,623,314$940,723$332,458$3,292,045
80$7,231,108$919,034$275,811$3,530,572
81$7,898,762$894,147$215,131$3,792,580
82$8,632,313$865,839$150,216$4,080,528
83$9,438,415$833,871$80,854$4,397,131
84$10,324,397$797,993$6,826$4,745,386
85$11,298,330$757,940$0$5,128,604
86$12,369,112$713,432$0$5,569,694
87$13,546,542$664,170$0$6,056,631
88$14,841,417$609,842$0$6,592,115
89$16,265,632$550,115$0$7,181,132
90$17,832,295$484,639$0$7,829,182
91$19,555,845$413,042$0$8,542,331
92$21,452,195$334,935$0$9,327,269
93$23,538,874$249,902$0$10,191,374
94$25,835,199$157,507$0$11,142,781
95$28,362,452$57,288$0$12,190,463
96$31,144,086$0$0$13,344,314
97$34,205,939$0$0$14,635,543
98$37,576,484$0$0$16,082,073
99$41,287,093$0$0$17,674,690
100$45,372,335$0$0$19,428,251