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%18.8%
1 years$70,935$70,304$69,687$69,085$68,498$66,068
2 years$35,117$34,463$33,829$33,214$32,618$30,195
3 years$23,178$22,522$21,889$21,281$20,694$18,355
4 years$17,211$16,556$15,930$15,331$14,759$12,522
5 years$13,631$12,980$12,362$11,776$11,220$9,090
6 years$11,245$10,599$9,991$9,417$8,878$6,858
7 years$9,542$8,901$8,302$7,743$7,220$5,309
8 years$8,265$7,630$7,041$6,495$5,990$4,185
9 years$7,272$6,643$6,064$5,532$5,044$3,345
10 years$6,478$5,856$5,287$4,769$4,298$2,700
11 years$5,829$5,213$4,655$4,150$3,696$2,197
12 years$5,289$4,679$4,131$3,640$3,203$1,799
13 years$4,832$4,228$3,691$3,214$2,793$1,481
14 years$4,441$3,843$3,316$2,853$2,449$1,223
15 years$4,102$3,511$2,994$2,544$2,156$1,014
16 years$3,806$3,221$2,714$2,278$1,905$843
17 years$3,545$2,967$2,470$2,047$1,689$702
18 years$3,313$2,741$2,255$1,845$1,502$585
19 years$3,106$2,541$2,064$1,667$1,339$489
20 years$2,919$2,361$1,894$1,510$1,196$409
21 years$2,751$2,199$1,742$1,370$1,070$343
22 years$2,598$2,053$1,606$1,246$959$287
23 years$2,459$1,920$1,483$1,135$861$241
24 years$2,332$1,799$1,371$1,035$774$202
25 years$2,215$1,688$1,270$945$696$170
26 years$2,107$1,587$1,178$864$627$143
27 years$2,007$1,493$1,094$791$566$120
28 years$1,915$1,407$1,017$725$510$101
29 years$1,829$1,327$946$665$461$85
30 years$1,749$1,254$881$610$416$71
31 years$1,674$1,185$822$560$376$60
32 years$1,604$1,121$767$515$341$50
33 years$1,538$1,062$716$473$308$42
34 years$1,477$1,006$669$436$279$36
35 years$1,419$955$625$401$253$30
36 years$1,364$906$585$369$229$25
37 years$1,313$860$548$340$208$21
38 years$1,264$818$513$314$188$18
39 years$1,218$778$480$289$171$15
40 years$1,174$740$450$267$155$13
41 years$1,133$704$422$246$140$11
42 years$1,094$671$396$227$127$9
43 years$1,056$639$372$210$116$8
44 years$1,021$609$349$194$105$6
45 years$987$581$328$179$95$5
46 years$954$554$308$165$87$4
47 years$923$529$289$153$79$4
48 years$894$505$272$141$71$3
49 years$866$482$255$130$65$3
50 years$839$461$240$120$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $859,000, adding $3,792 every year, while hoping to spend $59,113 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: 32/47/21 Blend
53$859,000$859,000$859,000$859,000
54$950,529$905,002$891,688$974,670
55$984,588$886,452$858,664$974,556
56$1,020,139$865,011$822,552$968,809
57$1,057,272$840,476$783,187$961,391
58$1,096,085$812,631$740,395$952,195
59$1,136,683$781,246$693,995$941,104
60$1,179,179$746,082$643,798$927,998
61$1,223,696$706,880$589,606$912,753
62$1,270,367$663,371$531,212$895,236
63$1,319,336$615,269$468,400$875,311
64$1,370,762$562,271$400,945$852,835
65$1,424,814$504,056$328,611$827,659
66$1,481,678$440,288$251,152$799,630
67$1,541,555$370,608$168,311$768,586
68$1,604,665$294,639$79,821$734,361
69$1,671,247$211,983$0$696,782
70$1,741,562$122,218$0$658,945
71$1,815,895$24,899$0$636,690
72$1,894,555$0$0$611,990
73$1,977,882$0$0$626,324
74$2,066,246$0$0$655,243
75$2,160,051$0$0$686,011
76$2,259,741$0$0$718,780
77$2,365,799$0$0$753,721
78$2,478,755$0$0$791,016
79$2,599,190$0$0$830,869
80$2,727,738$0$0$873,500
81$2,865,096$0$0$919,153
82$3,012,028$0$0$968,095
83$3,169,369$0$0$1,020,616
84$3,338,038$0$0$1,077,039
85$3,519,040$0$0$1,137,715
86$3,713,482$0$0$1,203,031
87$3,922,575$0$0$1,273,411
88$4,147,650$0$0$1,349,321
89$4,390,169$0$0$1,431,274
90$4,651,739$0$0$1,519,833
91$4,934,122$0$0$1,615,615
92$5,239,257$0$0$1,719,301
93$5,569,275$0$0$1,831,638
94$5,926,517$0$0$1,953,447
95$6,313,556$0$0$2,085,634
96$6,733,222$0$0$2,229,190
97$7,188,629$0$0$2,385,211
98$7,683,199$0$0$2,554,898
99$8,220,697$0$0$2,739,574
100$8,805,265$0$0$2,940,696