Can I retire at age 54 with 858,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.4%
1 years$70,853$70,222$69,606$69,005$68,418$66,096
2 years$35,076$34,422$33,789$33,175$32,580$30,264
3 years$23,151$22,495$21,864$21,256$20,670$18,432
4 years$17,191$16,537$15,911$15,314$14,742$12,600
5 years$13,615$12,965$12,348$11,762$11,207$9,166
6 years$11,232$10,587$9,979$9,406$8,867$6,930
7 years$9,531$8,891$8,293$7,734$7,212$5,377
8 years$8,255$7,621$7,033$6,487$5,983$4,249
9 years$7,264$6,635$6,057$5,526$5,038$3,404
10 years$6,471$5,849$5,281$4,763$4,293$2,755
11 years$5,823$5,207$4,649$4,146$3,692$2,248
12 years$5,283$4,673$4,126$3,636$3,199$1,846
13 years$4,826$4,223$3,686$3,210$2,790$1,523
14 years$4,436$3,839$3,312$2,850$2,446$1,262
15 years$4,097$3,507$2,990$2,541$2,153$1,049
16 years$3,801$3,218$2,711$2,276$1,903$874
17 years$3,541$2,963$2,467$2,045$1,687$730
18 years$3,309$2,738$2,252$1,843$1,500$611
19 years$3,102$2,538$2,062$1,665$1,337$512
20 years$2,916$2,358$1,892$1,508$1,195$430
21 years$2,748$2,197$1,740$1,369$1,069$361
22 years$2,595$2,050$1,604$1,244$958$303
23 years$2,456$1,918$1,481$1,133$860$255
24 years$2,329$1,797$1,370$1,034$773$215
25 years$2,212$1,686$1,269$944$696$181
26 years$2,104$1,585$1,177$863$627$152
27 years$2,005$1,491$1,093$790$565$129
28 years$1,912$1,405$1,016$724$510$108
29 years$1,826$1,326$945$664$460$91
30 years$1,747$1,252$880$609$416$77
31 years$1,672$1,184$821$559$376$65
32 years$1,602$1,120$766$514$340$55
33 years$1,537$1,061$715$473$308$46
34 years$1,475$1,005$668$435$279$39
35 years$1,417$953$625$400$252$33
36 years$1,363$905$584$369$229$28
37 years$1,311$859$547$340$207$24
38 years$1,263$817$512$313$188$20
39 years$1,217$777$480$289$170$17
40 years$1,173$739$450$266$155$14
41 years$1,132$703$422$246$140$12
42 years$1,092$670$396$227$127$10
43 years$1,055$638$371$209$115$9
44 years$1,019$608$348$193$105$7
45 years$986$580$327$179$95$6
46 years$953$553$307$165$86$5
47 years$922$528$289$152$78$4
48 years$893$504$271$141$71$4
49 years$865$482$255$130$65$3
50 years$838$460$240$120$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $858,000, adding $3,997 every year, while hoping to spend $45,386 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: 80/11/9 Blend
53$858,000$858,000$858,000$858,000
54$949,639$904,165$890,866$1,024,026
55$998,212$900,179$872,420$1,069,390
56$1,050,218$894,476$851,834$1,112,802
57$1,105,959$886,925$828,990$1,159,089
58$1,165,768$877,385$803,762$1,208,515
59$1,230,008$865,708$776,020$1,261,371
60$1,299,078$851,737$745,626$1,317,979
61$1,373,418$835,306$712,437$1,378,693
62$1,453,507$816,236$676,305$1,443,904
63$1,539,876$794,343$637,072$1,514,041
64$1,633,104$769,427$594,575$1,589,579
65$1,733,831$741,280$548,644$1,671,041
66$1,842,758$709,678$499,100$1,759,003
67$1,960,656$674,389$445,756$1,854,100
68$2,088,373$635,164$388,419$1,957,035
69$2,226,840$591,740$326,884$2,068,578
70$2,377,083$543,840$260,939$2,189,582
71$2,540,228$491,171$190,363$2,320,987
72$2,717,515$433,423$114,925$2,463,827
73$2,910,309$370,267$34,382$2,619,247
74$3,120,109$301,359$0$2,788,505
75$3,348,566$226,332$0$2,977,942
76$3,597,498$144,800$0$3,187,984
77$3,868,903$56,356$0$3,417,040
78$4,164,982$0$0$3,667,002
79$4,488,157$0$0$3,944,723
80$4,841,093$0$0$4,255,493
81$5,226,726$0$0$4,595,076
82$5,648,287$0$0$4,966,321
83$6,109,333$0$0$5,372,362
84$6,613,780$0$0$5,816,654
85$7,165,941$0$0$6,302,997
86$7,770,566$0$0$6,835,577
87$8,432,885$0$0$7,419,006
88$9,158,656$0$0$8,058,360
89$9,954,222$0$0$8,759,230
90$10,826,570$0$0$9,527,775
91$11,783,394$0$0$10,370,778
92$12,833,168$0$0$11,295,708
93$13,985,226$0$0$12,310,795
94$15,249,851$0$0$13,425,104
95$16,638,370$0$0$14,648,618
96$18,163,257$0$0$15,992,336
97$19,838,258$0$0$17,468,375
98$21,678,513$0$0$19,090,081
99$23,700,702$0$0$20,872,159
100$25,923,200$0$0$22,830,808