Can I retire at age 54 with 854,000?

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 $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%15.9%
1 years$70,523$69,894$69,281$68,683$68,099$66,453
2 years$34,912$34,262$33,632$33,021$32,428$30,779
3 years$23,044$22,391$21,762$21,157$20,574$18,974
4 years$17,110$16,459$15,837$15,242$14,673$13,135
5 years$13,551$12,904$12,290$11,708$11,154$9,682
6 years$11,180$10,537$9,932$9,363$8,826$7,421
7 years$9,486$8,849$8,254$7,697$7,178$5,840
8 years$8,217$7,585$7,000$6,457$5,955$4,684
9 years$7,230$6,605$6,029$5,500$5,015$3,810
10 years$6,441$5,822$5,256$4,741$4,273$3,132
11 years$5,795$5,183$4,628$4,126$3,675$2,597
12 years$5,258$4,652$4,107$3,619$3,185$2,167
13 years$4,804$4,204$3,669$3,195$2,777$1,819
14 years$4,415$3,821$3,297$2,836$2,434$1,533
15 years$4,078$3,491$2,977$2,530$2,143$1,297
16 years$3,784$3,203$2,699$2,265$1,894$1,101
17 years$3,524$2,949$2,456$2,035$1,680$936
18 years$3,294$2,725$2,242$1,834$1,493$798
19 years$3,088$2,526$2,052$1,657$1,331$682
20 years$2,902$2,347$1,883$1,501$1,189$583
21 years$2,735$2,186$1,732$1,362$1,064$499
22 years$2,583$2,041$1,597$1,239$954$428
23 years$2,445$1,909$1,474$1,128$856$367
24 years$2,318$1,788$1,363$1,029$770$315
25 years$2,202$1,678$1,263$940$692$271
26 years$2,094$1,577$1,171$859$624$233
27 years$1,995$1,484$1,088$786$562$200
28 years$1,903$1,399$1,011$720$507$172
29 years$1,818$1,320$941$661$458$148
30 years$1,738$1,246$876$606$414$128
31 years$1,664$1,178$817$557$374$110
32 years$1,595$1,115$762$512$339$95
33 years$1,529$1,056$712$471$306$82
34 years$1,468$1,001$665$433$277$70
35 years$1,411$949$622$399$251$61
36 years$1,356$901$582$367$228$52
37 years$1,305$855$544$338$206$45
38 years$1,257$813$510$312$187$39
39 years$1,211$773$478$287$170$34
40 years$1,168$736$448$265$154$29
41 years$1,126$700$420$245$140$25
42 years$1,087$667$394$226$127$22
43 years$1,050$635$369$208$115$19
44 years$1,015$606$347$192$104$16
45 years$981$577$326$178$95$14
46 years$949$551$306$164$86$12
47 years$918$526$287$152$78$10
48 years$889$502$270$140$71$9
49 years$861$479$254$130$64$8
50 years$834$458$239$120$59$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $854,000, adding $3,056 every year, while hoping to spend $43,614 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: 51/40/9 Blend
53$854,000$854,000$854,000$854,000
54$944,260$898,998$885,761$990,067
55$994,170$896,644$869,029$1,019,271
56$1,047,708$892,713$850,275$1,046,076
57$1,105,200$887,081$829,385$1,074,194
58$1,167,001$879,619$806,239$1,103,759
59$1,233,501$870,186$780,714$1,134,921
60$1,305,129$858,636$752,679$1,167,847
61$1,382,356$844,813$721,998$1,202,724
62$1,465,700$828,553$688,528$1,239,760
63$1,555,729$809,679$652,121$1,279,188
64$1,653,067$788,007$612,621$1,321,266
65$1,758,401$763,341$569,866$1,366,283
66$1,872,486$735,473$523,684$1,414,561
67$1,996,152$704,183$473,900$1,466,457
68$2,130,310$669,239$420,327$1,522,370
69$2,275,966$630,395$362,771$1,582,742
70$2,434,221$587,392$301,031$1,648,066
71$2,606,291$539,954$234,895$1,718,890
72$2,793,511$487,790$164,143$1,795,822
73$2,997,352$430,593$88,543$1,879,537
74$3,219,429$368,040$7,857$1,970,787
75$3,461,523$299,786$0$2,070,405
76$3,725,592$225,470$0$2,186,829
77$4,013,793$144,708$0$2,314,864
78$4,328,499$57,097$0$2,454,920
79$4,672,321$0$0$2,608,286
80$5,048,136$0$0$2,793,022
81$5,459,110$0$0$3,022,607
82$5,908,730$0$0$3,273,869
83$6,400,834$0$0$3,548,962
84$6,939,649$0$0$3,850,261
85$7,529,829$0$0$4,180,380
86$8,176,502$0$0$4,542,200
87$8,885,312$0$0$4,938,891
88$9,662,478$0$0$5,373,947
89$10,514,846$0$0$5,851,213
90$11,449,960$0$0$6,374,928
91$12,476,128$0$0$6,949,759
92$13,602,500$0$0$7,580,848
93$14,839,157$0$0$8,273,857
94$16,197,203$0$0$9,035,025
95$17,688,870$0$0$9,871,226
96$19,327,633$0$0$10,790,030
97$21,128,337$0$0$11,799,778
98$23,107,334$0$0$12,909,659
99$25,282,643$0$0$14,129,796
100$27,674,111$0$0$15,471,343