Can I retire at age 54 with 856,000?

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 $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%17.3%
1 years$70,688$70,058$69,444$68,844$68,259$66,233
2 years$34,994$34,342$33,711$33,098$32,504$30,480
3 years$23,098$22,443$21,813$21,206$20,622$18,663
4 years$17,151$16,498$15,874$15,278$14,708$12,829
5 years$13,583$12,935$12,319$11,735$11,181$9,387
6 years$11,206$10,562$9,956$9,385$8,847$7,140
7 years$9,508$8,870$8,273$7,716$7,195$5,574
8 years$8,236$7,603$7,016$6,472$5,969$4,434
9 years$7,247$6,620$6,043$5,513$5,027$3,576
10 years$6,456$5,835$5,269$4,752$4,283$2,914
11 years$5,809$5,195$4,638$4,136$3,683$2,395
12 years$5,270$4,663$4,116$3,628$3,192$1,981
13 years$4,815$4,214$3,678$3,203$2,783$1,646
14 years$4,425$3,830$3,304$2,843$2,440$1,375
15 years$4,088$3,499$2,983$2,535$2,148$1,151
16 years$3,792$3,210$2,705$2,270$1,899$967
17 years$3,532$2,956$2,461$2,040$1,684$814
18 years$3,301$2,732$2,247$1,838$1,497$687
19 years$3,095$2,532$2,057$1,661$1,334$581
20 years$2,909$2,353$1,888$1,504$1,192$491
21 years$2,742$2,191$1,736$1,365$1,066$416
22 years$2,589$2,046$1,600$1,241$956$353
23 years$2,451$1,913$1,478$1,131$858$300
24 years$2,324$1,793$1,367$1,031$771$254
25 years$2,207$1,682$1,266$942$694$216
26 years$2,099$1,581$1,174$861$625$184
27 years$2,000$1,488$1,090$788$564$156
28 years$1,908$1,402$1,013$722$509$133
29 years$1,822$1,323$943$662$459$113
30 years$1,742$1,249$878$608$415$96
31 years$1,668$1,181$819$558$375$82
32 years$1,598$1,117$764$513$339$70
33 years$1,533$1,058$713$472$307$60
34 years$1,472$1,003$667$434$278$51
35 years$1,414$951$623$400$252$43
36 years$1,360$903$583$368$228$37
37 years$1,308$857$546$339$207$31
38 years$1,260$815$511$312$188$27
39 years$1,214$775$479$288$170$23
40 years$1,170$737$449$266$154$19
41 years$1,129$702$421$245$140$17
42 years$1,090$668$395$226$127$14
43 years$1,053$637$370$209$115$12
44 years$1,017$607$348$193$105$10
45 years$983$579$326$178$95$9
46 years$951$552$307$165$86$7
47 years$920$527$288$152$78$6
48 years$891$503$271$140$71$5
49 years$863$480$254$130$65$5
50 years$836$459$239$120$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $856,000, adding $3,690 every year, while hoping to spend $21,089 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: 54/21/25 Blend
53$856,000$856,000$856,000$856,000
54$947,118$901,750$888,482$991,539
55$1,021,286$923,497$895,808$1,044,293
56$1,102,312$945,603$902,672$1,099,205
57$1,190,873$968,064$909,037$1,158,552
58$1,287,715$990,872$914,863$1,222,767
59$1,393,660$1,014,023$920,109$1,292,325
60$1,509,611$1,037,508$924,730$1,367,752
61$1,636,564$1,061,318$928,681$1,449,625
62$1,775,614$1,085,443$931,913$1,538,584
63$1,927,970$1,109,873$934,375$1,635,330
64$2,094,959$1,134,593$936,013$1,740,638
65$2,278,048$1,159,591$936,772$1,855,362
66$2,478,847$1,184,849$936,592$1,980,442
67$2,699,134$1,210,351$935,413$2,116,917
68$2,940,864$1,236,077$933,168$2,265,929
69$3,206,194$1,262,006$929,790$2,428,738
70$3,497,496$1,288,115$925,208$2,606,734
71$3,817,385$1,314,377$919,347$2,801,448
72$4,168,741$1,340,765$912,129$3,014,567
73$4,554,739$1,367,248$903,471$3,247,951
74$4,978,873$1,393,794$893,288$3,503,653
75$5,444,995$1,420,367$881,490$3,783,932
76$5,957,347$1,446,927$867,982$4,091,280
77$6,520,603$1,473,433$852,666$4,428,445
78$7,139,913$1,499,840$835,439$4,798,452
79$7,820,950$1,526,098$816,192$5,204,642
80$8,569,965$1,552,155$794,813$5,650,691
81$9,393,844$1,577,953$771,182$6,140,657
82$10,300,176$1,603,433$745,177$6,679,007
83$11,297,322$1,628,529$716,667$7,270,671
84$12,394,491$1,653,169$685,519$7,921,079
85$13,601,835$1,677,280$651,589$8,636,218
86$14,930,535$1,700,780$614,730$9,422,686
87$16,392,914$1,723,583$574,788$10,287,758
88$18,002,549$1,745,596$531,601$11,239,451
89$19,774,400$1,766,721$485,001$12,286,603
90$21,724,950$1,786,852$434,810$13,438,953
91$23,872,364$1,805,877$380,845$14,707,238
92$26,236,656$1,823,675$322,914$16,103,292
93$28,839,878$1,840,119$260,815$17,640,160
94$31,706,333$1,855,071$194,339$19,332,217
95$34,862,796$1,868,387$123,267$21,195,310
96$38,338,775$1,879,912$47,370$23,246,905
97$42,166,783$1,889,481$0$25,506,251
98$46,382,647$1,896,918$0$28,003,537
99$51,025,848$1,902,037$0$30,767,245
100$56,139,888$1,904,641$0$33,810,571