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%15.4%
1 years$70,523$69,894$69,281$68,683$68,099$66,588
2 years$34,912$34,262$33,632$33,021$32,428$30,914
3 years$23,044$22,391$21,762$21,157$20,574$19,103
4 years$17,110$16,459$15,837$15,242$14,673$13,258
5 years$13,551$12,904$12,290$11,708$11,154$9,798
6 years$11,180$10,537$9,932$9,363$8,826$7,530
7 years$9,486$8,849$8,254$7,697$7,178$5,943
8 years$8,217$7,585$7,000$6,457$5,955$4,780
9 years$7,230$6,605$6,029$5,500$5,015$3,900
10 years$6,441$5,822$5,256$4,741$4,273$3,216
11 years$5,795$5,183$4,628$4,126$3,675$2,675
12 years$5,258$4,652$4,107$3,619$3,185$2,240
13 years$4,804$4,204$3,669$3,195$2,777$1,886
14 years$4,415$3,821$3,297$2,836$2,434$1,595
15 years$4,078$3,491$2,977$2,530$2,143$1,354
16 years$3,784$3,203$2,699$2,265$1,894$1,153
17 years$3,524$2,949$2,456$2,035$1,680$985
18 years$3,294$2,725$2,242$1,834$1,493$842
19 years$3,088$2,526$2,052$1,657$1,331$722
20 years$2,902$2,347$1,883$1,501$1,189$620
21 years$2,735$2,186$1,732$1,362$1,064$533
22 years$2,583$2,041$1,597$1,239$954$459
23 years$2,445$1,909$1,474$1,128$856$395
24 years$2,318$1,788$1,363$1,029$770$341
25 years$2,202$1,678$1,263$940$692$294
26 years$2,094$1,577$1,171$859$624$254
27 years$1,995$1,484$1,088$786$562$219
28 years$1,903$1,399$1,011$720$507$189
29 years$1,818$1,320$941$661$458$164
30 years$1,738$1,246$876$606$414$141
31 years$1,664$1,178$817$557$374$122
32 years$1,595$1,115$762$512$339$106
33 years$1,529$1,056$712$471$306$92
34 years$1,468$1,001$665$433$277$79
35 years$1,411$949$622$399$251$69
36 years$1,356$901$582$367$228$59
37 years$1,305$855$544$338$206$51
38 years$1,257$813$510$312$187$45
39 years$1,211$773$478$287$170$39
40 years$1,168$736$448$265$154$33
41 years$1,126$700$420$245$140$29
42 years$1,087$667$394$226$127$25
43 years$1,050$635$369$208$115$22
44 years$1,015$606$347$192$104$19
45 years$981$577$326$178$95$16
46 years$949$551$306$164$86$14
47 years$918$526$287$152$78$12
48 years$889$502$270$140$71$11
49 years$861$479$254$130$64$9
50 years$834$458$239$120$59$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $854,000, adding $3,644 every year, while hoping to spend $40,239 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: 66/13/21 Blend
53$854,000$854,000$854,000$854,000
54$944,867$899,605$886,368$1,001,969
55$998,429$900,871$873,247$1,042,011
56$1,056,106$900,852$858,338$1,080,831
57$1,118,275$899,439$841,539$1,122,321
58$1,185,351$896,523$822,742$1,166,745
59$1,257,788$891,984$801,835$1,214,393
60$1,336,087$885,696$778,701$1,265,586
61$1,420,797$877,524$753,217$1,320,679
62$1,512,523$867,328$725,254$1,380,066
63$1,611,930$854,957$694,680$1,444,179
64$1,719,748$840,251$661,353$1,513,498
65$1,836,780$823,041$625,126$1,588,552
66$1,963,911$803,149$585,847$1,669,928
67$2,102,112$780,386$543,355$1,758,271
68$2,252,453$754,550$497,483$1,854,296
69$2,416,110$725,430$448,056$1,958,791
70$2,594,379$692,801$394,891$2,072,629
71$2,788,683$656,426$337,797$2,196,772
72$3,000,591$616,053$276,576$2,332,283
73$3,231,829$571,418$211,019$2,480,337
74$3,484,296$522,238$140,908$2,642,228
75$3,760,084$468,217$66,018$2,819,390
76$4,061,495$409,041$0$3,013,402
77$4,391,062$344,379$0$3,229,124
78$4,751,577$273,881$0$3,481,356
79$5,146,113$197,176$0$3,757,474
80$5,578,052$113,873$0$4,059,885
81$6,051,120$23,560$0$4,391,243
82$6,569,421$0$0$4,754,470
83$7,137,473$0$0$5,163,406
84$7,760,252$0$0$5,615,489
85$8,443,240$0$0$6,111,336
86$9,192,473$0$0$6,655,335
87$10,014,600$0$0$7,252,323
88$10,916,945$0$0$7,907,625
89$11,907,577$0$0$8,627,108
90$12,995,382$0$0$9,417,235
91$14,190,151$0$0$10,285,124
92$15,502,666$0$0$11,238,620
93$16,944,809$0$0$12,286,361
94$18,529,669$0$0$13,437,866
95$20,271,663$0$0$14,703,621
96$22,186,678$0$0$16,095,178
97$24,292,214$0$0$17,625,265
98$26,607,554$0$0$19,307,905
99$29,153,941$0$0$21,158,548
100$31,954,780$0$0$23,194,215