Can I retire at age 54 with 860,000?

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 $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%19.2%
1 years$71,018$70,385$69,768$69,166$68,578$66,039
2 years$35,157$34,503$33,868$33,253$32,656$30,127
3 years$23,205$22,548$21,915$21,305$20,718$18,279
4 years$17,231$16,575$15,948$15,349$14,776$12,445
5 years$13,647$12,995$12,377$11,790$11,233$9,015
6 years$11,258$10,611$10,002$9,428$8,888$6,786
7 years$9,553$8,911$8,312$7,752$7,228$5,241
8 years$8,274$7,639$7,049$6,503$5,997$4,122
9 years$7,280$6,651$6,071$5,539$5,050$3,286
10 years$6,486$5,862$5,293$4,774$4,303$2,646
11 years$5,836$5,219$4,660$4,155$3,701$2,148
12 years$5,295$4,684$4,136$3,645$3,207$1,754
13 years$4,838$4,233$3,695$3,218$2,796$1,440
14 years$4,446$3,848$3,320$2,856$2,451$1,186
15 years$4,107$3,515$2,997$2,547$2,158$980
16 years$3,810$3,225$2,718$2,281$1,908$812
17 years$3,549$2,970$2,473$2,049$1,691$674
18 years$3,317$2,745$2,257$1,847$1,504$561
19 years$3,109$2,544$2,067$1,669$1,340$467
20 years$2,923$2,364$1,897$1,511$1,197$390
21 years$2,754$2,202$1,745$1,372$1,071$325
22 years$2,601$2,055$1,608$1,247$960$272
23 years$2,462$1,922$1,485$1,136$862$227
24 years$2,334$1,801$1,373$1,036$775$190
25 years$2,217$1,690$1,272$946$697$159
26 years$2,109$1,588$1,179$865$628$133
27 years$2,009$1,495$1,095$792$566$112
28 years$1,917$1,409$1,018$725$511$93
29 years$1,831$1,329$947$665$461$78
30 years$1,751$1,255$882$611$417$66
31 years$1,676$1,186$823$561$377$55
32 years$1,606$1,123$768$515$341$46
33 years$1,540$1,063$717$474$309$39
34 years$1,479$1,008$670$436$279$32
35 years$1,421$956$626$401$253$27
36 years$1,366$907$586$370$229$23
37 years$1,314$861$548$341$208$19
38 years$1,266$819$513$314$188$16
39 years$1,219$779$481$289$171$13
40 years$1,176$741$451$267$155$11
41 years$1,134$705$423$246$141$9
42 years$1,095$671$397$227$128$8
43 years$1,057$640$372$210$116$7
44 years$1,022$610$349$194$105$6
45 years$988$582$328$179$95$5
46 years$955$555$308$165$87$4
47 years$925$529$289$153$79$3
48 years$895$505$272$141$71$3
49 years$867$483$256$130$65$2
50 years$840$461$240$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $860,000, adding $5,367 every year, while hoping to spend $20,588 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: 64/31/5 Blend
53$860,000$860,000$860,000$860,000
54$953,256$907,676$894,346$1,013,240
55$1,028,583$930,247$902,401$1,076,377
56$1,110,903$953,233$910,036$1,142,362
57$1,200,907$976,634$917,215$1,213,879
58$1,299,359$1,000,448$923,900$1,291,465
59$1,407,094$1,024,671$930,052$1,375,706
60$1,525,038$1,049,300$935,629$1,467,251
61$1,654,206$1,074,330$940,587$1,566,812
62$1,795,719$1,099,756$944,880$1,675,176
63$1,950,808$1,125,570$948,459$1,793,208
64$2,120,832$1,151,764$951,274$1,921,858
65$2,307,286$1,178,330$953,271$2,062,178
66$2,511,817$1,205,256$954,394$2,215,321
67$2,736,241$1,232,532$954,584$2,382,562
68$2,982,554$1,260,143$953,779$2,565,301
69$3,252,958$1,288,074$951,915$2,765,083
70$3,549,879$1,316,308$948,923$2,983,610
71$3,875,987$1,344,827$944,732$3,222,755
72$4,234,224$1,373,611$939,267$3,484,583
73$4,627,833$1,402,635$932,450$3,771,370
74$5,060,383$1,431,876$924,199$4,085,621
75$5,535,810$1,461,306$914,428$4,430,097
76$6,058,448$1,490,894$903,046$4,807,842
77$6,633,071$1,520,610$889,959$5,222,208
78$7,264,940$1,550,416$875,069$5,676,888
79$7,959,852$1,580,274$858,272$6,175,953
80$8,724,192$1,610,143$839,459$6,723,887
81$9,564,997$1,639,977$818,518$7,325,632
82$10,490,018$1,669,728$795,330$7,986,635
83$11,507,798$1,699,342$769,772$8,712,895
84$12,627,746$1,728,763$741,712$9,511,024
85$13,860,233$1,757,929$711,016$10,388,311
86$15,216,684$1,786,775$677,543$11,352,783
87$16,709,689$1,815,229$641,143$12,413,289
88$18,353,118$1,843,217$601,662$13,579,581
89$20,162,257$1,870,655$558,939$14,862,403
90$22,153,948$1,897,457$512,804$16,273,597
91$24,346,747$1,923,530$463,080$17,826,212
92$26,761,105$1,948,773$409,582$19,534,628
93$29,419,554$1,973,078$352,119$21,414,691
94$32,346,922$1,996,333$290,489$23,483,867
95$35,570,568$2,018,414$224,481$25,761,400
96$39,120,641$2,039,191$153,876$28,268,499
97$43,030,360$2,058,525$78,444$31,028,538
98$47,336,333$2,076,268$0$34,067,272
99$52,078,895$2,092,262$0$37,413,199
100$57,302,499$2,106,339$0$41,101,962