Can I retire at age 54 with 859,000?

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 $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%12.6%
1 years$70,935$70,304$69,687$69,085$68,498$67,754
2 years$35,117$34,463$33,829$33,214$32,618$31,869
3 years$23,178$22,522$21,889$21,281$20,694$19,964
4 years$17,211$16,556$15,930$15,331$14,759$14,053
5 years$13,631$12,980$12,362$11,776$11,220$10,539
6 years$11,245$10,599$9,991$9,417$8,878$8,224
7 years$9,542$8,901$8,302$7,743$7,220$6,593
8 years$8,265$7,630$7,041$6,495$5,990$5,389
9 years$7,272$6,643$6,064$5,532$5,044$4,470
10 years$6,478$5,856$5,287$4,769$4,298$3,750
11 years$5,829$5,213$4,655$4,150$3,696$3,175
12 years$5,289$4,679$4,131$3,640$3,203$2,707
13 years$4,832$4,228$3,691$3,214$2,793$2,322
14 years$4,441$3,843$3,316$2,853$2,449$2,001
15 years$4,102$3,511$2,994$2,544$2,156$1,732
16 years$3,806$3,221$2,714$2,278$1,905$1,504
17 years$3,545$2,967$2,470$2,047$1,689$1,310
18 years$3,313$2,741$2,255$1,845$1,502$1,143
19 years$3,106$2,541$2,064$1,667$1,339$1,000
20 years$2,919$2,361$1,894$1,510$1,196$877
21 years$2,751$2,199$1,742$1,370$1,070$770
22 years$2,598$2,053$1,606$1,246$959$677
23 years$2,459$1,920$1,483$1,135$861$596
24 years$2,332$1,799$1,371$1,035$774$525
25 years$2,215$1,688$1,270$945$696$463
26 years$2,107$1,587$1,178$864$627$409
27 years$2,007$1,493$1,094$791$566$361
28 years$1,915$1,407$1,017$725$510$319
29 years$1,829$1,327$946$665$461$282
30 years$1,749$1,254$881$610$416$250
31 years$1,674$1,185$822$560$376$221
32 years$1,604$1,121$767$515$341$196
33 years$1,538$1,062$716$473$308$173
34 years$1,477$1,006$669$436$279$154
35 years$1,419$955$625$401$253$136
36 years$1,364$906$585$369$229$121
37 years$1,313$860$548$340$208$107
38 years$1,264$818$513$314$188$95
39 years$1,218$778$480$289$171$84
40 years$1,174$740$450$267$155$75
41 years$1,133$704$422$246$140$66
42 years$1,094$671$396$227$127$59
43 years$1,056$639$372$210$116$52
44 years$1,021$609$349$194$105$46
45 years$987$581$328$179$95$41
46 years$954$554$308$165$87$37
47 years$923$529$289$153$79$32
48 years$894$505$272$141$71$29
49 years$866$482$255$130$65$26
50 years$839$461$240$120$59$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $859,000, adding $6,036 every year, while hoping to spend $54,201 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: 45/40/15 Blend
53$859,000$859,000$859,000$859,000
54$952,844$907,317$894,003$991,379
55$992,365$894,106$866,282$1,005,643
56$1,034,100$878,431$835,817$1,015,168
57$1,078,218$860,115$802,457$1,024,321
58$1,124,904$838,968$766,046$1,033,091
59$1,174,358$814,791$726,423$1,041,468
60$1,226,799$787,372$683,415$1,049,447
61$1,282,469$756,490$636,845$1,057,025
62$1,341,628$721,905$586,527$1,064,204
63$1,404,565$683,369$532,266$1,070,992
64$1,471,593$640,617$473,860$1,077,402
65$1,543,056$593,368$411,095$1,083,455
66$1,619,332$541,327$343,750$1,089,178
67$1,700,832$484,180$271,595$1,094,610
68$1,788,010$421,598$194,386$1,099,798
69$1,881,362$353,231$111,872$1,104,805
70$1,981,431$278,709$23,790$1,109,702
71$2,088,814$197,644$0$1,114,582
72$2,204,167$109,622$0$1,130,787
73$2,328,208$14,209$0$1,152,004
74$2,461,726$0$0$1,174,619
75$2,605,589$0$0$1,238,055
76$2,760,747$0$0$1,313,295
77$2,928,248$0$0$1,394,603
78$3,109,240$0$0$1,482,545
79$3,304,985$0$0$1,577,746
80$3,516,873$0$0$1,680,894
81$3,746,429$0$0$1,792,742
82$3,995,331$0$0$1,914,121
83$4,265,423$0$0$2,045,945
84$4,558,737$0$0$2,189,216
85$4,877,502$0$0$2,345,041
86$5,224,176$0$0$2,514,635
87$5,601,460$0$0$2,699,335
88$6,012,325$0$0$2,900,612
89$6,460,043$0$0$3,120,087
90$6,948,214$0$0$3,359,543
91$7,480,800$0$0$3,620,941
92$8,062,162$0$0$3,906,441
93$8,697,099$0$0$4,218,422
94$9,390,897$0$0$4,559,500
95$10,149,374$0$0$4,932,559
96$10,978,933$0$0$5,340,772
97$11,886,629$0$0$5,787,632
98$12,880,228$0$0$6,276,989
99$13,968,279$0$0$6,813,079
100$15,160,202$0$0$7,400,568