Can I retire at age 54 with 858,000?

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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$70,853$70,222$69,606$69,005$68,418$67,312
2 years$35,076$34,422$33,789$33,175$32,580$31,469
3 years$23,151$22,495$21,864$21,256$20,670$19,589
4 years$17,191$16,537$15,911$15,314$14,742$13,698
5 years$13,615$12,965$12,348$11,762$11,207$10,203
6 years$11,232$10,587$9,979$9,406$8,867$7,906
7 years$9,531$8,891$8,293$7,734$7,212$6,292
8 years$8,255$7,621$7,033$6,487$5,983$5,105
9 years$7,264$6,635$6,057$5,526$5,038$4,203
10 years$6,471$5,849$5,281$4,763$4,293$3,498
11 years$5,823$5,207$4,649$4,146$3,692$2,937
12 years$5,283$4,673$4,126$3,636$3,199$2,483
13 years$4,826$4,223$3,686$3,210$2,790$2,112
14 years$4,436$3,839$3,312$2,850$2,446$1,805
15 years$4,097$3,507$2,990$2,541$2,153$1,548
16 years$3,801$3,218$2,711$2,276$1,903$1,332
17 years$3,541$2,963$2,467$2,045$1,687$1,150
18 years$3,309$2,738$2,252$1,843$1,500$994
19 years$3,102$2,538$2,062$1,665$1,337$862
20 years$2,916$2,358$1,892$1,508$1,195$748
21 years$2,748$2,197$1,740$1,369$1,069$651
22 years$2,595$2,050$1,604$1,244$958$566
23 years$2,456$1,918$1,481$1,133$860$494
24 years$2,329$1,797$1,370$1,034$773$431
25 years$2,212$1,686$1,269$944$696$376
26 years$2,104$1,585$1,177$863$627$328
27 years$2,005$1,491$1,093$790$565$287
28 years$1,912$1,405$1,016$724$510$251
29 years$1,826$1,326$945$664$460$220
30 years$1,747$1,252$880$609$416$192
31 years$1,672$1,184$821$559$376$169
32 years$1,602$1,120$766$514$340$148
33 years$1,537$1,061$715$473$308$129
34 years$1,475$1,005$668$435$279$113
35 years$1,417$953$625$400$252$99
36 years$1,363$905$584$369$229$87
37 years$1,311$859$547$340$207$76
38 years$1,263$817$512$313$188$67
39 years$1,217$777$480$289$170$59
40 years$1,173$739$450$266$155$52
41 years$1,132$703$422$246$140$45
42 years$1,092$670$396$227$127$40
43 years$1,055$638$371$209$115$35
44 years$1,019$608$348$193$105$31
45 years$986$580$327$179$95$27
46 years$953$553$307$165$86$24
47 years$922$528$289$152$78$21
48 years$893$504$271$141$71$18
49 years$865$482$255$130$65$16
50 years$838$460$240$120$59$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $858,000, adding $2,551 every year, while hoping to spend $40,079 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: 80/10/10 Blend
53$858,000$858,000$858,000$858,000
54$948,147$902,673$889,374$1,022,258
55$1,002,215$904,261$876,525$1,072,830
56$1,060,454$904,582$861,901$1,122,816
57$1,123,247$903,534$845,402$1,176,484
58$1,191,017$901,006$826,921$1,234,183
59$1,264,224$896,879$806,347$1,296,296
60$1,343,378$891,029$783,563$1,363,247
61$1,429,037$883,324$758,447$1,435,501
62$1,521,816$873,623$730,871$1,513,572
63$1,622,388$861,779$700,703$1,598,026
64$1,731,498$847,632$667,803$1,689,488
65$1,849,961$831,016$632,025$1,788,644
66$1,978,676$811,754$593,216$1,896,252
67$2,118,630$789,660$551,218$2,013,147
68$2,270,910$764,533$505,864$2,140,249
69$2,436,713$736,165$456,980$2,278,574
70$2,617,354$704,333$404,385$2,429,238
71$2,814,282$668,803$347,889$2,593,476
72$3,029,089$629,325$287,295$2,772,645
73$3,263,531$585,637$222,394$2,968,243
74$3,519,539$537,461$152,972$3,181,922
75$3,799,238$484,503$78,802$3,415,501
76$4,104,969$426,452$0$3,670,988
77$4,439,307$362,980$0$3,950,631
78$4,805,091$293,740$0$4,265,807
79$5,205,443$218,366$0$4,610,814
80$5,643,804$136,471$0$4,988,643
81$6,123,960$47,647$0$5,402,592
82$6,650,084$0$0$5,856,293
83$7,226,769$0$0$6,359,088
84$7,859,075$0$0$6,916,150
85$8,552,574$0$0$7,527,147
86$9,313,405$0$0$8,197,492
87$10,148,326$0$0$8,933,143
88$11,064,786$0$0$9,740,664
89$12,070,986$0$0$10,627,288
90$13,175,963$0$0$11,600,979
91$14,389,670$0$0$12,670,512
92$15,723,073$0$0$13,845,555
93$17,188,251$0$0$15,136,754
94$18,798,512$0$0$16,555,844
95$20,568,517$0$0$18,115,747
96$22,514,418$0$0$19,830,704
97$24,654,010$0$0$21,716,401
98$27,006,899$0$0$23,790,123
99$29,594,685$0$0$26,070,911
100$32,441,168$0$0$28,579,748