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%14.6%
1 years$70,770$70,140$69,525$68,925$68,338$67,041
2 years$35,035$34,382$33,750$33,137$32,542$31,240
3 years$23,125$22,469$21,838$21,231$20,646$19,380
4 years$17,171$16,517$15,893$15,296$14,725$13,504
5 years$13,599$12,950$12,333$11,749$11,194$10,022
6 years$11,219$10,574$9,967$9,395$8,857$7,736
7 years$9,519$8,880$8,283$7,725$7,203$6,133
8 years$8,245$7,612$7,025$6,480$5,976$4,956
9 years$7,255$6,628$6,050$5,519$5,032$4,063
10 years$6,463$5,842$5,275$4,758$4,288$3,367
11 years$5,816$5,201$4,644$4,141$3,688$2,815
12 years$5,277$4,668$4,121$3,632$3,196$2,369
13 years$4,821$4,218$3,682$3,206$2,787$2,006
14 years$4,430$3,834$3,308$2,846$2,443$1,706
15 years$4,092$3,503$2,987$2,538$2,151$1,456
16 years$3,797$3,214$2,708$2,273$1,901$1,247
17 years$3,536$2,960$2,464$2,042$1,686$1,071
18 years$3,305$2,735$2,250$1,840$1,499$921
19 years$3,098$2,535$2,059$1,663$1,336$794
20 years$2,913$2,355$1,890$1,506$1,193$686
21 years$2,745$2,194$1,738$1,367$1,068$593
22 years$2,592$2,048$1,602$1,243$957$514
23 years$2,453$1,915$1,479$1,132$859$445
24 years$2,326$1,795$1,368$1,032$772$386
25 years$2,209$1,684$1,267$943$695$336
26 years$2,102$1,583$1,175$862$626$291
27 years$2,002$1,490$1,091$789$564$253
28 years$1,910$1,404$1,015$723$509$220
29 years$1,824$1,324$944$663$460$192
30 years$1,744$1,251$879$608$415$167
31 years$1,670$1,182$820$559$376$145
32 years$1,600$1,119$765$514$340$127
33 years$1,535$1,059$714$472$307$110
34 years$1,473$1,004$667$435$278$96
35 years$1,416$952$624$400$252$84
36 years$1,361$904$584$368$228$73
37 years$1,310$858$546$339$207$64
38 years$1,261$816$512$313$188$55
39 years$1,215$776$479$288$170$48
40 years$1,172$738$449$266$154$42
41 years$1,130$703$421$245$140$37
42 years$1,091$669$395$227$127$32
43 years$1,054$638$371$209$115$28
44 years$1,018$608$348$193$105$24
45 years$984$580$327$178$95$21
46 years$952$553$307$165$86$19
47 years$921$528$288$152$78$16
48 years$892$504$271$141$71$14
49 years$864$481$255$130$65$12
50 years$837$459$239$120$59$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $857,000, adding $3,838 every year, while hoping to spend $33,344 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: 71/21/8 Blend
53$857,000$857,000$857,000$857,000
54$948,373$902,952$889,668$1,014,157
55$1,009,629$911,719$883,995$1,066,915
56$1,076,016$919,798$877,013$1,120,155
57$1,148,022$927,120$868,645$1,177,513
58$1,226,183$933,611$858,807$1,239,386
59$1,311,090$939,195$847,414$1,306,212
60$1,403,392$943,787$834,373$1,378,472
61$1,503,804$947,298$819,591$1,456,700
62$1,613,112$949,636$802,967$1,541,480
63$1,732,181$950,700$784,398$1,633,460
64$1,861,963$950,383$763,775$1,733,351
65$2,003,505$948,574$740,983$1,841,940
66$2,157,961$945,152$715,904$1,960,091
67$2,326,599$939,991$688,413$2,088,762
68$2,510,817$932,955$658,380$2,229,003
69$2,712,152$923,902$625,668$2,381,975
70$2,932,299$912,680$590,135$2,548,960
71$3,173,121$899,129$551,632$2,731,367
72$3,436,671$883,078$510,003$2,930,753
73$3,725,210$864,347$465,087$3,148,834
74$4,041,227$842,746$416,713$3,387,500
75$4,387,463$818,071$364,703$3,648,838
76$4,766,937$790,110$308,874$3,935,148
77$5,182,974$758,634$249,030$4,248,965
78$5,639,235$723,406$184,971$4,593,085
79$6,139,755$684,170$116,485$4,970,591
80$6,688,975$640,660$43,353$5,384,882
81$7,291,789$592,591$0$5,839,704
82$7,953,588$539,663$0$6,342,151
83$8,680,307$481,561$0$6,897,958
84$9,478,489$417,947$0$7,508,465
85$10,355,338$348,470$0$8,179,232
86$11,318,793$272,755$0$8,916,386
87$12,377,596$190,407$0$9,726,683
88$13,541,383$101,009$0$10,617,568
89$14,820,766$4,120$0$11,597,247
90$16,227,438$0$0$12,674,768
91$17,774,282$0$0$13,883,378
92$19,475,491$0$0$15,213,695
93$21,346,702$0$0$16,677,002
94$23,405,145$0$0$18,286,779
95$25,669,804$0$0$20,057,878
96$28,161,593$0$0$22,006,663
97$30,903,560$0$0$24,151,165
98$33,921,095$0$0$26,511,251
99$37,242,179$0$0$29,108,811
100$40,897,639$0$0$31,967,964