Can I retire at age 54 with 859,000?

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 $859,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$70,935$70,304$69,687$69,085$68,498$66,680
2 years$35,117$34,463$33,829$33,214$32,618$30,799
3 years$23,178$22,522$21,889$21,281$20,694$18,931
4 years$17,211$16,556$15,930$15,331$14,759$13,066
5 years$13,631$12,980$12,362$11,776$11,220$9,600
6 years$11,245$10,599$9,991$9,417$8,878$7,334
7 years$9,542$8,901$8,302$7,743$7,220$5,752
8 years$8,265$7,630$7,041$6,495$5,990$4,597
9 years$7,272$6,643$6,064$5,532$5,044$3,726
10 years$6,478$5,856$5,287$4,769$4,298$3,052
11 years$5,829$5,213$4,655$4,150$3,696$2,520
12 years$5,289$4,679$4,131$3,640$3,203$2,095
13 years$4,832$4,228$3,691$3,214$2,793$1,751
14 years$4,441$3,843$3,316$2,853$2,449$1,470
15 years$4,102$3,511$2,994$2,544$2,156$1,239
16 years$3,806$3,221$2,714$2,278$1,905$1,046
17 years$3,545$2,967$2,470$2,047$1,689$886
18 years$3,313$2,741$2,255$1,845$1,502$752
19 years$3,106$2,541$2,064$1,667$1,339$639
20 years$2,919$2,361$1,894$1,510$1,196$544
21 years$2,751$2,199$1,742$1,370$1,070$464
22 years$2,598$2,053$1,606$1,246$959$396
23 years$2,459$1,920$1,483$1,135$861$338
24 years$2,332$1,799$1,371$1,035$774$289
25 years$2,215$1,688$1,270$945$696$247
26 years$2,107$1,587$1,178$864$627$211
27 years$2,007$1,493$1,094$791$566$181
28 years$1,915$1,407$1,017$725$510$155
29 years$1,829$1,327$946$665$461$133
30 years$1,749$1,254$881$610$416$114
31 years$1,674$1,185$822$560$376$98
32 years$1,604$1,121$767$515$341$84
33 years$1,538$1,062$716$473$308$72
34 years$1,477$1,006$669$436$279$61
35 years$1,419$955$625$401$253$53
36 years$1,364$906$585$369$229$45
37 years$1,313$860$548$340$208$39
38 years$1,264$818$513$314$188$33
39 years$1,218$778$480$289$171$29
40 years$1,174$740$450$267$155$25
41 years$1,133$704$422$246$140$21
42 years$1,094$671$396$227$127$18
43 years$1,056$639$372$210$116$15
44 years$1,021$609$349$194$105$13
45 years$987$581$328$179$95$11
46 years$954$554$308$165$87$10
47 years$923$529$289$153$79$8
48 years$894$505$272$141$71$7
49 years$866$482$255$130$65$6
50 years$839$461$240$120$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $859,000, adding $2,258 every year, while hoping to spend $27,684 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: 42/43/15 Blend
53$859,000$859,000$859,000$859,000
54$948,947$903,420$890,106$984,544
55$1,016,284$918,232$890,469$1,024,639
56$1,089,562$932,842$889,916$1,065,124
57$1,169,357$947,211$888,388$1,108,366
58$1,256,303$961,297$885,821$1,154,632
59$1,351,100$975,054$882,150$1,204,215
60$1,454,516$988,435$877,305$1,257,437
61$1,567,397$1,001,389$871,215$1,314,656
62$1,690,673$1,013,859$863,803$1,376,267
63$1,825,372$1,025,788$854,990$1,442,704
64$1,972,620$1,037,112$844,693$1,514,450
65$2,133,661$1,047,764$832,824$1,592,036
66$2,309,864$1,057,673$819,292$1,676,049
67$2,502,733$1,066,763$804,002$1,767,136
68$2,713,929$1,074,952$786,854$1,866,014
69$2,945,279$1,082,153$767,742$1,973,474
70$3,198,794$1,088,275$746,558$2,090,386
71$3,476,690$1,093,220$723,187$2,217,717
72$3,781,407$1,096,882$697,508$2,356,529
73$4,115,634$1,099,153$669,398$2,507,997
74$4,482,330$1,099,913$638,724$2,673,418
75$4,884,756$1,099,037$605,350$2,854,223
76$5,326,505$1,096,393$569,133$3,051,994
77$5,811,532$1,091,841$529,923$3,268,475
78$6,344,197$1,085,229$487,564$3,505,591
79$6,929,299$1,076,400$441,892$3,765,467
80$7,572,130$1,065,185$392,737$4,050,450
81$8,278,514$1,051,406$339,920$4,363,129
82$9,054,871$1,034,874$283,256$4,706,360
83$9,908,273$1,015,387$222,550$5,083,295
84$10,846,510$992,735$157,600$5,497,415
85$11,878,167$966,692$88,192$5,952,558
86$13,012,701$937,021$14,107$6,452,958
87$14,260,530$903,469$0$7,003,290
88$15,633,135$865,769$0$7,619,106
89$17,143,163$823,640$0$8,298,782
90$18,804,551$776,784$0$9,046,374
91$20,632,653$724,884$0$9,868,846
92$22,644,388$667,608$0$10,773,877
93$24,858,396$604,601$0$11,769,937
94$27,295,219$535,493$0$12,866,364
95$29,977,487$459,888$0$14,073,454
96$32,930,138$377,370$0$15,402,561
97$36,180,650$287,499$0$16,866,206
98$39,759,302$189,812$0$18,478,191
99$43,699,455$83,817$0$20,253,737
100$48,037,871$0$0$22,209,625