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%11.2%
1 years$70,853$70,222$69,606$69,005$68,418$68,073
2 years$35,076$34,422$33,789$33,175$32,580$32,231
3 years$23,151$22,495$21,864$21,256$20,670$20,329
4 years$17,191$16,537$15,911$15,314$14,742$14,411
5 years$13,615$12,965$12,348$11,762$11,207$10,887
6 years$11,232$10,587$9,979$9,406$8,867$8,559
7 years$9,531$8,891$8,293$7,734$7,212$6,915
8 years$8,255$7,621$7,033$6,487$5,983$5,698
9 years$7,264$6,635$6,057$5,526$5,038$4,766
10 years$6,471$5,849$5,281$4,763$4,293$4,032
11 years$5,823$5,207$4,649$4,146$3,692$3,442
12 years$5,283$4,673$4,126$3,636$3,199$2,961
13 years$4,826$4,223$3,686$3,210$2,790$2,563
14 years$4,436$3,839$3,312$2,850$2,446$2,229
15 years$4,097$3,507$2,990$2,541$2,153$1,947
16 years$3,801$3,218$2,711$2,276$1,903$1,707
17 years$3,541$2,963$2,467$2,045$1,687$1,501
18 years$3,309$2,738$2,252$1,843$1,500$1,324
19 years$3,102$2,538$2,062$1,665$1,337$1,170
20 years$2,916$2,358$1,892$1,508$1,195$1,036
21 years$2,748$2,197$1,740$1,369$1,069$919
22 years$2,595$2,050$1,604$1,244$958$817
23 years$2,456$1,918$1,481$1,133$860$727
24 years$2,329$1,797$1,370$1,034$773$647
25 years$2,212$1,686$1,269$944$696$577
26 years$2,104$1,585$1,177$863$627$515
27 years$2,005$1,491$1,093$790$565$460
28 years$1,912$1,405$1,016$724$510$411
29 years$1,826$1,326$945$664$460$368
30 years$1,747$1,252$880$609$416$329
31 years$1,672$1,184$821$559$376$295
32 years$1,602$1,120$766$514$340$264
33 years$1,537$1,061$715$473$308$237
34 years$1,475$1,005$668$435$279$212
35 years$1,417$953$625$400$252$190
36 years$1,363$905$584$369$229$171
37 years$1,311$859$547$340$207$153
38 years$1,263$817$512$313$188$137
39 years$1,217$777$480$289$170$123
40 years$1,173$739$450$266$155$111
41 years$1,132$703$422$246$140$99
42 years$1,092$670$396$227$127$89
43 years$1,055$638$371$209$115$80
44 years$1,019$608$348$193$105$72
45 years$986$580$327$179$95$65
46 years$953$553$307$165$86$58
47 years$922$528$289$152$78$52
48 years$893$504$271$141$71$47
49 years$865$482$255$130$65$42
50 years$838$460$240$120$59$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $858,000, adding $3,875 every year, while hoping to spend $27,252 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: 34/41/25 Blend
53$858,000$858,000$858,000$858,000
54$949,513$904,039$890,740$974,474
55$1,017,367$919,341$891,584$1,008,781
56$1,091,230$934,479$891,543$1,043,013
57$1,171,684$949,418$890,558$1,079,387
58$1,259,372$964,116$888,568$1,118,111
59$1,355,002$978,532$885,510$1,159,415
60$1,459,353$992,620$881,315$1,203,554
61$1,573,281$1,006,332$875,912$1,250,810
62$1,697,729$1,019,616$869,229$1,301,494
63$1,833,736$1,032,416$861,187$1,355,952
64$1,982,445$1,044,672$851,705$1,414,565
65$2,145,115$1,056,322$840,698$1,477,757
66$2,323,132$1,067,297$828,076$1,545,995
67$2,518,022$1,077,525$813,747$1,619,794
68$2,731,466$1,086,929$797,613$1,699,726
69$2,965,314$1,095,427$779,571$1,786,424
70$3,221,604$1,102,931$759,515$1,880,586
71$3,502,581$1,109,349$737,333$1,982,983
72$3,810,718$1,114,581$712,908$2,094,470
73$4,148,738$1,118,521$686,116$2,215,989
74$4,519,639$1,121,059$656,831$2,348,584
75$4,926,726$1,122,074$624,918$2,493,407
76$5,373,637$1,121,441$590,238$2,651,730
77$5,864,382$1,119,025$552,645$2,824,960
78$6,403,375$1,114,684$511,984$3,014,651
79$6,995,481$1,108,265$468,098$3,222,520
80$7,646,060$1,099,610$420,819$3,450,462
81$8,361,014$1,088,547$369,973$3,700,571
82$9,146,848$1,074,897$315,378$3,975,159
83$10,010,727$1,058,467$256,843$4,276,780
84$10,960,545$1,039,056$194,171$4,608,254
85$12,005,000$1,016,448$127,154$4,972,693
86$13,153,672$990,416$55,577$5,373,534
87$14,417,120$960,721$0$5,814,572
88$15,806,976$927,106$0$6,305,544
89$17,336,056$889,302$0$6,861,704
90$19,018,480$847,024$0$7,473,379
91$20,869,806$799,969$0$8,146,269
92$22,907,179$747,820$0$8,886,658
93$25,149,486$690,238$0$9,701,478
94$27,617,540$626,866$0$10,598,374
95$30,334,274$557,328$0$11,585,774
96$33,324,957$481,224$0$12,672,975
97$36,617,432$398,133$0$13,870,227
98$40,242,379$307,611$0$15,188,834
99$44,233,605$209,187$0$16,641,258
100$48,628,361$102,365$0$18,241,245