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%18.9%
1 years$70,688$70,058$69,444$68,844$68,259$65,811
2 years$34,994$34,342$33,711$33,098$32,504$30,064
3 years$23,098$22,443$21,813$21,206$20,622$18,267
4 years$17,151$16,498$15,874$15,278$14,708$12,456
5 years$13,583$12,935$12,319$11,735$11,181$9,037
6 years$11,206$10,562$9,956$9,385$8,847$6,814
7 years$9,508$8,870$8,273$7,716$7,195$5,272
8 years$8,236$7,603$7,016$6,472$5,969$4,154
9 years$7,247$6,620$6,043$5,513$5,027$3,317
10 years$6,456$5,835$5,269$4,752$4,283$2,677
11 years$5,809$5,195$4,638$4,136$3,683$2,177
12 years$5,270$4,663$4,116$3,628$3,192$1,781
13 years$4,815$4,214$3,678$3,203$2,783$1,465
14 years$4,425$3,830$3,304$2,843$2,440$1,209
15 years$4,088$3,499$2,983$2,535$2,148$1,002
16 years$3,792$3,210$2,705$2,270$1,899$832
17 years$3,532$2,956$2,461$2,040$1,684$692
18 years$3,301$2,732$2,247$1,838$1,497$577
19 years$3,095$2,532$2,057$1,661$1,334$482
20 years$2,909$2,353$1,888$1,504$1,192$403
21 years$2,742$2,191$1,736$1,365$1,066$337
22 years$2,589$2,046$1,600$1,241$956$282
23 years$2,451$1,913$1,478$1,131$858$236
24 years$2,324$1,793$1,367$1,031$771$198
25 years$2,207$1,682$1,266$942$694$166
26 years$2,099$1,581$1,174$861$625$140
27 years$2,000$1,488$1,090$788$564$117
28 years$1,908$1,402$1,013$722$509$98
29 years$1,822$1,323$943$662$459$83
30 years$1,742$1,249$878$608$415$69
31 years$1,668$1,181$819$558$375$58
32 years$1,598$1,117$764$513$339$49
33 years$1,533$1,058$713$472$307$41
34 years$1,472$1,003$667$434$278$35
35 years$1,414$951$623$400$252$29
36 years$1,360$903$583$368$228$24
37 years$1,308$857$546$339$207$21
38 years$1,260$815$511$312$188$17
39 years$1,214$775$479$288$170$15
40 years$1,170$737$449$266$154$12
41 years$1,129$702$421$245$140$10
42 years$1,090$668$395$226$127$9
43 years$1,053$637$370$209$115$7
44 years$1,017$607$348$193$105$6
45 years$983$579$326$178$95$5
46 years$951$552$307$165$86$4
47 years$920$527$288$152$78$4
48 years$891$503$271$140$71$3
49 years$863$480$254$130$65$3
50 years$836$459$239$120$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $856,000, adding $5,539 every year, while hoping to spend $40,481 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: 55/33/12 Blend
53$856,000$856,000$856,000$856,000
54$949,025$903,657$890,389$998,014
55$1,002,755$904,865$877,146$1,033,076
56$1,060,607$904,775$862,102$1,066,348
57$1,122,962$903,282$845,155$1,101,628
58$1,190,232$900,271$826,196$1,139,118
59$1,262,876$895,624$805,114$1,179,037
60$1,341,393$889,213$781,789$1,221,632
61$1,426,334$880,904$756,098$1,267,173
62$1,518,306$870,554$727,912$1,315,963
63$1,617,972$858,010$697,097$1,368,336
64$1,726,066$843,113$663,510$1,424,662
65$1,843,392$825,693$627,005$1,485,352
66$1,970,835$805,569$587,426$1,550,861
67$2,109,368$782,550$544,614$1,621,694
68$2,260,064$756,435$498,398$1,698,409
69$2,424,100$727,010$448,604$1,781,625
70$2,602,773$694,049$395,048$1,872,026
71$2,797,511$657,312$337,537$1,970,372
72$3,009,883$616,547$275,870$2,077,501
73$3,241,619$571,485$209,840$2,194,343
74$3,494,621$521,844$139,226$2,321,927
75$3,770,983$467,325$63,800$2,461,389
76$4,073,011$407,612$0$2,613,989
77$4,403,243$342,371$0$2,783,257
78$4,764,476$271,249$0$2,977,451
79$5,159,785$193,872$0$3,190,131
80$5,592,559$109,849$0$3,423,213
81$6,066,531$18,762$0$3,678,815
82$6,585,809$0$0$3,959,275
83$7,154,919$0$0$4,296,165
84$7,778,844$0$0$4,673,053
85$8,463,075$0$0$5,086,452
86$9,213,658$0$0$5,540,025
87$10,037,251$0$0$6,037,807
88$10,941,191$0$0$6,584,243
89$11,933,557$0$0$7,184,229
90$13,023,249$0$0$7,843,157
91$14,220,074$0$0$8,566,970
92$15,534,830$0$0$9,362,212
93$16,979,417$0$0$10,236,092
94$18,566,944$0$0$11,196,556
95$20,311,850$0$0$12,252,352
96$22,230,045$0$0$13,413,122
97$24,339,058$0$0$14,689,489
98$26,658,199$0$0$16,093,154
99$29,208,744$0$0$17,637,011
100$32,014,133$0$0$19,335,266