Can I retire at age 54 with 854,000?

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 $854,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$70,523$69,894$69,281$68,683$68,099$65,919
2 years$34,912$34,262$33,632$33,021$32,428$30,252
3 years$23,044$22,391$21,762$21,157$20,574$18,470
4 years$17,110$16,459$15,837$15,242$14,673$12,658
5 years$13,551$12,904$12,290$11,708$11,154$9,232
6 years$11,180$10,537$9,932$9,363$8,826$6,999
7 years$9,486$8,849$8,254$7,697$7,178$5,446
8 years$8,217$7,585$7,000$6,457$5,955$4,317
9 years$7,230$6,605$6,029$5,500$5,015$3,469
10 years$6,441$5,822$5,256$4,741$4,273$2,816
11 years$5,795$5,183$4,628$4,126$3,675$2,305
12 years$5,258$4,652$4,107$3,619$3,185$1,899
13 years$4,804$4,204$3,669$3,195$2,777$1,572
14 years$4,415$3,821$3,297$2,836$2,434$1,307
15 years$4,078$3,491$2,977$2,530$2,143$1,090
16 years$3,784$3,203$2,699$2,265$1,894$912
17 years$3,524$2,949$2,456$2,035$1,680$765
18 years$3,294$2,725$2,242$1,834$1,493$642
19 years$3,088$2,526$2,052$1,657$1,331$540
20 years$2,902$2,347$1,883$1,501$1,189$455
21 years$2,735$2,186$1,732$1,362$1,064$384
22 years$2,583$2,041$1,597$1,239$954$324
23 years$2,445$1,909$1,474$1,128$856$274
24 years$2,318$1,788$1,363$1,029$770$231
25 years$2,202$1,678$1,263$940$692$196
26 years$2,094$1,577$1,171$859$624$165
27 years$1,995$1,484$1,088$786$562$140
28 years$1,903$1,399$1,011$720$507$119
29 years$1,818$1,320$941$661$458$100
30 years$1,738$1,246$876$606$414$85
31 years$1,664$1,178$817$557$374$72
32 years$1,595$1,115$762$512$339$61
33 years$1,529$1,056$712$471$306$52
34 years$1,468$1,001$665$433$277$44
35 years$1,411$949$622$399$251$37
36 years$1,356$901$582$367$228$32
37 years$1,305$855$544$338$206$27
38 years$1,257$813$510$312$187$23
39 years$1,211$773$478$287$170$19
40 years$1,168$736$448$265$154$16
41 years$1,126$700$420$245$140$14
42 years$1,087$667$394$226$127$12
43 years$1,050$635$369$208$115$10
44 years$1,015$606$347$192$104$8
45 years$981$577$326$178$95$7
46 years$949$551$306$164$86$6
47 years$918$526$287$152$78$5
48 years$889$502$270$140$71$4
49 years$861$479$254$130$64$4
50 years$834$458$239$120$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $854,000, adding $4,697 every year, while hoping to spend $57,600 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: 50/34/16 Blend
53$854,000$854,000$854,000$854,000
54$945,953$900,691$887,454$988,856
55$981,154$883,539$855,898$1,001,745
56$1,018,015$863,616$821,354$1,009,379
57$1,056,645$840,725$783,661$1,016,412
58$1,097,161$814,659$742,652$1,022,809
59$1,139,691$785,197$698,151$1,028,530
60$1,184,374$752,105$649,972$1,033,541
61$1,231,359$715,138$597,926$1,037,804
62$1,280,812$674,034$541,811$1,041,283
63$1,332,911$628,517$481,417$1,043,943
64$1,387,849$578,296$416,526$1,045,753
65$1,445,839$523,062$346,909$1,046,680
66$1,507,112$462,489$272,328$1,046,697
67$1,571,919$396,233$192,532$1,045,778
68$1,640,535$323,929$107,263$1,043,902
69$1,713,261$245,193$16,248$1,041,052
70$1,790,425$159,619$0$1,037,219
71$1,872,386$66,777$0$1,046,206
72$1,959,536$0$0$1,058,067
73$2,052,304$0$0$1,082,730
74$2,151,161$0$0$1,135,685
75$2,256,621$0$0$1,192,231
76$2,369,248$0$0$1,252,677
77$2,489,661$0$0$1,317,362
78$2,618,536$0$0$1,386,657
79$2,756,617$0$0$1,460,971
80$2,904,719$0$0$1,540,750
81$3,063,735$0$0$1,626,486
82$3,234,646$0$0$1,718,717
83$3,418,531$0$0$1,818,034
84$3,616,571$0$0$1,925,089
85$3,830,066$0$0$2,040,594
86$4,060,443$0$0$2,165,334
87$4,309,269$0$0$2,300,170
88$4,578,266$0$0$2,446,049
89$4,869,330$0$0$2,604,013
90$5,184,540$0$0$2,775,205
91$5,526,186$0$0$2,960,886
92$5,896,783$0$0$3,162,438
93$6,299,100$0$0$3,381,383
94$6,736,179$0$0$3,619,397
95$7,211,370$0$0$3,878,322
96$7,728,355$0$0$4,160,184
97$8,291,188$0$0$4,467,213
98$8,904,328$0$0$4,801,864
99$9,572,682$0$0$5,166,838
100$10,301,652$0$0$5,565,108