Can I retire at age 54 with 856,000?

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 $856,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$70,688$70,058$69,444$68,844$68,259$67,658
2 years$34,994$34,342$33,711$33,098$32,504$31,899
3 years$23,098$22,443$21,813$21,206$20,622$20,031
4 years$17,151$16,498$15,874$15,278$14,708$14,136
5 years$13,583$12,935$12,319$11,735$11,181$10,629
6 years$11,206$10,562$9,956$9,385$8,847$8,316
7 years$9,508$8,870$8,273$7,716$7,195$6,686
8 years$8,236$7,603$7,016$6,472$5,969$5,481
9 years$7,247$6,620$6,043$5,513$5,027$4,560
10 years$6,456$5,835$5,269$4,752$4,283$3,837
11 years$5,809$5,195$4,638$4,136$3,683$3,258
12 years$5,270$4,663$4,116$3,628$3,192$2,787
13 years$4,815$4,214$3,678$3,203$2,783$2,398
14 years$4,425$3,830$3,304$2,843$2,440$2,073
15 years$4,088$3,499$2,983$2,535$2,148$1,800
16 years$3,792$3,210$2,705$2,270$1,899$1,569
17 years$3,532$2,956$2,461$2,040$1,684$1,371
18 years$3,301$2,732$2,247$1,838$1,497$1,201
19 years$3,095$2,532$2,057$1,661$1,334$1,055
20 years$2,909$2,353$1,888$1,504$1,192$928
21 years$2,742$2,191$1,736$1,365$1,066$818
22 years$2,589$2,046$1,600$1,241$956$722
23 years$2,451$1,913$1,478$1,131$858$638
24 years$2,324$1,793$1,367$1,031$771$564
25 years$2,207$1,682$1,266$942$694$500
26 years$2,099$1,581$1,174$861$625$443
27 years$2,000$1,488$1,090$788$564$393
28 years$1,908$1,402$1,013$722$509$349
29 years$1,822$1,323$943$662$459$310
30 years$1,742$1,249$878$608$415$275
31 years$1,668$1,181$819$558$375$244
32 years$1,598$1,117$764$513$339$217
33 years$1,533$1,058$713$472$307$193
34 years$1,472$1,003$667$434$278$172
35 years$1,414$951$623$400$252$153
36 years$1,360$903$583$368$228$136
37 years$1,308$857$546$339$207$121
38 years$1,260$815$511$312$188$108
39 years$1,214$775$479$288$170$96
40 years$1,170$737$449$266$154$86
41 years$1,129$702$421$245$140$76
42 years$1,090$668$395$226$127$68
43 years$1,053$637$370$209$115$61
44 years$1,017$607$348$193$105$54
45 years$983$579$326$178$95$48
46 years$951$552$307$165$86$43
47 years$920$527$288$152$78$38
48 years$891$503$271$140$71$34
49 years$863$480$254$130$65$30
50 years$836$459$239$120$59$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $856,000, adding $5,662 every year, while hoping to spend $53,186 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: 45/49/6 Blend
53$856,000$856,000$856,000$856,000
54$949,152$903,784$890,516$990,040
55$989,376$891,480$863,759$1,006,493
56$1,031,921$876,791$834,323$1,018,343
57$1,076,966$859,543$802,062$1,029,947
58$1,124,709$839,553$766,824$1,041,299
59$1,175,365$816,627$728,449$1,052,397
60$1,229,171$790,560$686,770$1,063,241
61$1,286,383$761,134$641,613$1,073,837
62$1,347,284$728,119$592,797$1,084,195
63$1,412,181$691,272$540,130$1,094,331
64$1,481,414$650,334$483,414$1,104,268
65$1,555,352$605,034$422,442$1,114,038
66$1,634,400$555,084$356,997$1,123,680
67$1,719,005$500,178$286,852$1,133,244
68$1,809,652$439,996$211,771$1,142,792
69$1,906,879$374,198$131,507$1,152,400
70$2,011,270$302,423$45,802$1,162,158
71$2,123,471$224,293$0$1,172,174
72$2,244,188$139,407$0$1,185,500
73$2,374,198$47,341$0$1,202,679
74$2,514,355$0$0$1,220,970
75$2,665,594$0$0$1,268,824
76$2,828,944$0$0$1,348,158
77$3,005,537$0$0$1,434,007
78$3,196,617$0$0$1,526,986
79$3,403,548$0$0$1,627,769
80$3,627,834$0$0$1,737,101
81$3,871,127$0$0$1,855,799
82$4,135,243$0$0$1,984,761
83$4,422,180$0$0$2,124,978
84$4,734,137$0$0$2,277,536
85$5,073,532$0$0$2,443,633
86$5,443,025$0$0$2,624,586
87$5,845,545$0$0$2,821,845
88$6,284,312$0$0$3,037,006
89$6,762,873$0$0$3,271,823
90$7,285,131$0$0$3,528,232
91$7,855,381$0$0$3,808,358
92$8,478,352$0$0$4,114,545
93$9,159,250$0$0$4,449,371
94$9,903,807$0$0$4,815,677
95$10,718,334$0$0$5,216,589
96$11,609,779$0$0$5,655,550
97$12,585,795$0$0$6,136,351
98$13,654,806$0$0$6,663,168
99$14,826,092$0$0$7,240,599
100$16,109,871$0$0$7,873,708