Can I retire at age 54 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$71,018$70,385$69,768$69,166$68,578$68,145
2 years$35,157$34,503$33,868$33,253$32,656$32,220
3 years$23,205$22,548$21,915$21,305$20,718$20,292
4 years$17,231$16,575$15,948$15,349$14,776$14,363
5 years$13,647$12,995$12,377$11,790$11,233$10,834
6 years$11,258$10,611$10,002$9,428$8,888$8,504
7 years$9,553$8,911$8,312$7,752$7,228$6,859
8 years$8,274$7,639$7,049$6,503$5,997$5,642
9 years$7,280$6,651$6,071$5,539$5,050$4,711
10 years$6,486$5,862$5,293$4,774$4,303$3,978
11 years$5,836$5,219$4,660$4,155$3,701$3,390
12 years$5,295$4,684$4,136$3,645$3,207$2,911
13 years$4,838$4,233$3,695$3,218$2,796$2,514
14 years$4,446$3,848$3,320$2,856$2,451$2,183
15 years$4,107$3,515$2,997$2,547$2,158$1,903
16 years$3,810$3,225$2,718$2,281$1,908$1,665
17 years$3,549$2,970$2,473$2,049$1,691$1,461
18 years$3,317$2,745$2,257$1,847$1,504$1,286
19 years$3,109$2,544$2,067$1,669$1,340$1,134
20 years$2,923$2,364$1,897$1,511$1,197$1,002
21 years$2,754$2,202$1,745$1,372$1,071$887
22 years$2,601$2,055$1,608$1,247$960$786
23 years$2,462$1,922$1,485$1,136$862$698
24 years$2,334$1,801$1,373$1,036$775$620
25 years$2,217$1,690$1,272$946$697$552
26 years$2,109$1,588$1,179$865$628$491
27 years$2,009$1,495$1,095$792$566$438
28 years$1,917$1,409$1,018$725$511$390
29 years$1,831$1,329$947$665$461$348
30 years$1,751$1,255$882$611$417$311
31 years$1,676$1,186$823$561$377$278
32 years$1,606$1,123$768$515$341$248
33 years$1,540$1,063$717$474$309$222
34 years$1,479$1,008$670$436$279$198
35 years$1,421$956$626$401$253$178
36 years$1,366$907$586$370$229$159
37 years$1,314$861$548$341$208$142
38 years$1,266$819$513$314$188$127
39 years$1,219$779$481$289$171$114
40 years$1,176$741$451$267$155$102
41 years$1,134$705$423$246$141$91
42 years$1,095$671$397$227$128$82
43 years$1,057$640$372$210$116$73
44 years$1,022$610$349$194$105$66
45 years$988$582$328$179$95$59
46 years$955$555$308$165$87$53
47 years$925$529$289$153$79$47
48 years$895$505$272$141$71$42
49 years$867$483$256$130$65$38
50 years$840$461$240$121$59$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $860,000, adding $6,107 every year, while hoping to spend $38,315 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: 45/38/17 Blend
53$860,000$860,000$860,000$860,000
54$954,019$908,439$895,109$992,044
55$1,010,562$912,186$884,329$1,022,988
56$1,071,589$914,832$871,903$1,052,213
57$1,137,515$916,283$857,736$1,083,088
58$1,208,800$916,439$841,728$1,115,784
59$1,285,946$915,193$823,775$1,150,489
60$1,369,508$912,433$803,766$1,187,413
61$1,460,093$908,037$781,587$1,226,791
62$1,558,371$901,880$757,119$1,268,882
63$1,665,077$893,825$730,236$1,313,976
64$1,781,023$883,729$700,806$1,362,394
65$1,907,097$871,442$668,692$1,414,493
66$2,044,279$856,801$633,752$1,470,669
67$2,193,648$839,637$595,835$1,531,364
68$2,356,389$819,768$554,785$1,597,066
69$2,533,808$797,004$510,437$1,668,317
70$2,727,341$771,142$462,622$1,745,719
71$2,938,570$741,968$411,160$1,829,940
72$3,169,235$709,255$355,864$1,921,720
73$3,421,252$672,764$296,541$2,021,879
74$3,696,731$632,240$232,986$2,131,327
75$3,997,993$587,416$164,987$2,251,071
76$4,327,597$538,008$92,322$2,382,227
77$4,688,357$483,715$14,760$2,526,031
78$5,083,374$424,222$0$2,683,853
79$5,516,062$359,192$0$2,869,544
80$5,990,181$288,273$0$3,076,105
81$6,509,871$211,091$0$3,302,759
82$7,079,694$127,251$0$3,551,611
83$7,704,672$36,335$0$3,824,984
84$8,390,338$0$0$4,125,446
85$9,142,785$0$0$4,481,799
86$9,968,725$0$0$4,889,742
87$10,875,553$0$0$5,337,745
88$11,871,413$0$0$5,829,845
89$12,965,277$0$0$6,370,491
90$14,167,028$0$0$6,964,581
91$15,487,557$0$0$7,617,515
92$16,938,857$0$0$8,335,237
93$18,534,144$0$0$9,124,301
94$20,287,977$0$0$9,991,923
95$22,216,397$0$0$10,946,057
96$24,337,076$0$0$11,995,463
97$26,669,484$0$0$13,149,795
98$29,235,073$0$0$14,419,690
99$32,057,480$0$0$15,816,865
100$35,162,746$0$0$17,354,232