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%11.8%
1 years$70,688$70,058$69,444$68,844$68,259$67,743
2 years$34,994$34,342$33,711$33,098$32,504$31,985
3 years$23,098$22,443$21,813$21,206$20,622$20,114
4 years$17,151$16,498$15,874$15,278$14,708$14,216
5 years$13,583$12,935$12,319$11,735$11,181$10,706
6 years$11,206$10,562$9,956$9,385$8,847$8,390
7 years$9,508$8,870$8,273$7,716$7,195$6,756
8 years$8,236$7,603$7,016$6,472$5,969$5,548
9 years$7,247$6,620$6,043$5,513$5,027$4,624
10 years$6,456$5,835$5,269$4,752$4,283$3,898
11 years$5,809$5,195$4,638$4,136$3,683$3,316
12 years$5,270$4,663$4,116$3,628$3,192$2,841
13 years$4,815$4,214$3,678$3,203$2,783$2,450
14 years$4,425$3,830$3,304$2,843$2,440$2,122
15 years$4,088$3,499$2,983$2,535$2,148$1,847
16 years$3,792$3,210$2,705$2,270$1,899$1,612
17 years$3,532$2,956$2,461$2,040$1,684$1,412
18 years$3,301$2,732$2,247$1,838$1,497$1,240
19 years$3,095$2,532$2,057$1,661$1,334$1,091
20 years$2,909$2,353$1,888$1,504$1,192$962
21 years$2,742$2,191$1,736$1,365$1,066$850
22 years$2,589$2,046$1,600$1,241$956$752
23 years$2,451$1,913$1,478$1,131$858$666
24 years$2,324$1,793$1,367$1,031$771$590
25 years$2,207$1,682$1,266$942$694$524
26 years$2,099$1,581$1,174$861$625$465
27 years$2,000$1,488$1,090$788$564$414
28 years$1,908$1,402$1,013$722$509$368
29 years$1,822$1,323$943$662$459$328
30 years$1,742$1,249$878$608$415$292
31 years$1,668$1,181$819$558$375$260
32 years$1,598$1,117$764$513$339$232
33 years$1,533$1,058$713$472$307$207
34 years$1,472$1,003$667$434$278$184
35 years$1,414$951$623$400$252$164
36 years$1,360$903$583$368$228$147
37 years$1,308$857$546$339$207$131
38 years$1,260$815$511$312$188$117
39 years$1,214$775$479$288$170$105
40 years$1,170$737$449$266$154$93
41 years$1,129$702$421$245$140$83
42 years$1,090$668$395$226$127$75
43 years$1,053$637$370$209$115$67
44 years$1,017$607$348$193$105$60
45 years$983$579$326$178$95$53
46 years$951$552$307$165$86$48
47 years$920$527$288$152$78$42
48 years$891$503$271$140$71$38
49 years$863$480$254$130$65$34
50 years$836$459$239$120$59$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $856,000, adding $3,265 every year, while hoping to spend $52,385 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: 49/30/21 Blend
53$856,000$856,000$856,000$856,000
54$946,680$901,312$888,044$987,326
55$987,504$889,739$862,056$1,004,327
56$1,030,736$875,843$833,442$1,017,214
57$1,076,568$859,455$802,058$1,030,123
58$1,125,205$840,397$767,755$1,043,078
59$1,176,877$818,477$730,376$1,056,107
60$1,231,832$793,496$689,757$1,069,247
61$1,290,342$765,240$645,727$1,082,540
62$1,352,706$733,486$598,107$1,096,038
63$1,419,248$697,993$546,711$1,109,802
64$1,490,329$658,512$491,342$1,123,904
65$1,566,338$614,775$431,798$1,138,427
66$1,647,706$566,500$367,865$1,153,468
67$1,734,904$513,391$299,321$1,169,140
68$1,828,449$455,132$225,933$1,185,573
69$1,928,908$391,390$147,459$1,202,917
70$2,036,903$321,815$63,645$1,221,341
71$2,153,119$246,035$0$1,241,041
72$2,278,304$163,658$0$1,268,019
73$2,413,284$74,270$0$1,312,343
74$2,558,963$0$0$1,360,086
75$2,716,337$0$0$1,419,091
76$2,886,498$0$0$1,509,473
77$3,070,648$0$0$1,607,361
78$3,270,107$0$0$1,713,467
79$3,486,329$0$0$1,828,574
80$3,720,909$0$0$1,953,542
81$3,975,604$0$0$2,089,319
82$4,252,346$0$0$2,236,945
83$4,553,259$0$0$2,397,566
84$4,880,681$0$0$2,572,443
85$5,237,185$0$0$2,762,962
86$5,625,599$0$0$2,970,650
87$6,049,041$0$0$3,197,188
88$6,510,936$0$0$3,444,423
89$7,015,059$0$0$3,714,392
90$7,565,563$0$0$4,009,335
91$8,167,020$0$0$4,331,718
92$8,824,463$0$0$4,684,257
93$9,543,434$0$0$5,069,943
94$10,330,035$0$0$5,492,067
95$11,190,984$0$0$5,954,255
96$12,133,679$0$0$6,460,499
97$13,166,268$0$0$7,015,196
98$14,297,721$0$0$7,623,187
99$15,537,921$0$0$8,289,805
100$16,897,748$0$0$9,020,923