Can I retire at age 54 with 857,000?

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 $857,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$70,770$70,140$69,525$68,925$68,338$67,151
2 years$35,035$34,382$33,750$33,137$32,542$31,350
3 years$23,125$22,469$21,838$21,231$20,646$19,486
4 years$17,171$16,517$15,893$15,296$14,725$13,606
5 years$13,599$12,950$12,333$11,749$11,194$10,119
6 years$11,219$10,574$9,967$9,395$8,857$7,828
7 years$9,519$8,880$8,283$7,725$7,203$6,219
8 years$8,245$7,612$7,025$6,480$5,976$5,038
9 years$7,255$6,628$6,050$5,519$5,032$4,139
10 years$6,463$5,842$5,275$4,758$4,288$3,439
11 years$5,816$5,201$4,644$4,141$3,688$2,882
12 years$5,277$4,668$4,121$3,632$3,196$2,432
13 years$4,821$4,218$3,682$3,206$2,787$2,064
14 years$4,430$3,834$3,308$2,846$2,443$1,760
15 years$4,092$3,503$2,987$2,538$2,151$1,507
16 years$3,797$3,214$2,708$2,273$1,901$1,294
17 years$3,536$2,960$2,464$2,042$1,686$1,114
18 years$3,305$2,735$2,250$1,840$1,499$962
19 years$3,098$2,535$2,059$1,663$1,336$832
20 years$2,913$2,355$1,890$1,506$1,193$721
21 years$2,745$2,194$1,738$1,367$1,068$625
22 years$2,592$2,048$1,602$1,243$957$543
23 years$2,453$1,915$1,479$1,132$859$472
24 years$2,326$1,795$1,368$1,032$772$411
25 years$2,209$1,684$1,267$943$695$358
26 years$2,102$1,583$1,175$862$626$312
27 years$2,002$1,490$1,091$789$564$272
28 years$1,910$1,404$1,015$723$509$237
29 years$1,824$1,324$944$663$460$207
30 years$1,744$1,251$879$608$415$181
31 years$1,670$1,182$820$559$376$158
32 years$1,600$1,119$765$514$340$138
33 years$1,535$1,059$714$472$307$121
34 years$1,473$1,004$667$435$278$106
35 years$1,416$952$624$400$252$92
36 years$1,361$904$584$368$228$81
37 years$1,310$858$546$339$207$71
38 years$1,261$816$512$313$188$62
39 years$1,215$776$479$288$170$54
40 years$1,172$738$449$266$154$47
41 years$1,130$703$421$245$140$41
42 years$1,091$669$395$227$127$36
43 years$1,054$638$371$209$115$32
44 years$1,018$608$348$193$105$28
45 years$984$580$327$178$95$24
46 years$952$553$307$165$86$21
47 years$921$528$288$152$78$19
48 years$892$504$271$141$71$16
49 years$864$481$255$130$65$14
50 years$837$459$239$120$59$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $857,000, adding $2,076 every year, while hoping to spend $45,297 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: 57/18/25 Blend
53$857,000$857,000$857,000$857,000
54$946,555$901,134$887,851$993,959
55$994,908$897,094$869,398$1,022,593
56$1,046,675$891,338$848,809$1,048,817
57$1,102,156$883,734$825,965$1,076,447
58$1,161,681$874,142$800,739$1,105,630
59$1,225,611$862,413$773,003$1,136,531
60$1,294,344$848,392$742,618$1,169,336
61$1,368,314$831,910$709,443$1,204,250
62$1,448,000$812,792$673,328$1,241,501
63$1,533,929$790,851$634,117$1,281,344
64$1,626,676$765,889$591,646$1,324,062
65$1,726,877$737,698$545,746$1,369,970
66$1,835,227$706,054$496,238$1,419,419
67$1,952,495$670,725$442,936$1,472,798
68$2,079,520$631,462$385,646$1,530,537
69$2,217,231$588,003$324,164$1,593,119
70$2,366,644$540,070$258,279$1,661,074
71$2,528,880$487,372$187,770$1,734,995
72$2,705,170$429,598$112,405$1,815,536
73$2,896,870$366,421$31,943$1,903,426
74$3,105,470$297,495$0$1,999,470
75$3,332,610$222,454$0$2,118,946
76$3,580,096$140,914$0$2,258,489
77$3,849,914$52,467$0$2,410,738
78$4,144,249$0$0$2,576,986
79$4,465,508$0$0$2,767,238
80$4,816,340$0$0$2,986,421
81$5,199,661$0$0$3,225,974
82$5,618,680$0$0$3,487,912
83$6,076,931$0$0$3,774,454
84$6,578,306$0$0$4,088,042
85$7,127,089$0$0$4,431,367
86$7,727,999$0$0$4,807,391
87$8,386,231$0$0$5,219,376
88$9,107,507$0$0$5,670,915
89$9,898,128$0$0$6,165,965
90$10,765,035$0$0$6,708,884
91$11,715,871$0$0$7,304,470
92$12,759,055$0$0$7,958,012
93$13,903,862$0$0$8,675,332
94$15,160,506$0$0$9,462,846
95$16,540,238$0$0$10,327,619
96$18,055,454$0$0$11,277,434
97$19,719,807$0$0$12,320,868
98$21,548,340$0$0$13,467,365
99$23,557,622$0$0$14,727,333
100$25,765,908$0$0$16,112,237