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%16.5%
1 years$71,018$70,385$69,768$69,166$68,578$66,757
2 years$35,157$34,503$33,868$33,253$32,656$30,835
3 years$23,205$22,548$21,915$21,305$20,718$18,953
4 years$17,231$16,575$15,948$15,349$14,776$13,081
5 years$13,647$12,995$12,377$11,790$11,233$9,612
6 years$11,258$10,611$10,002$9,428$8,888$7,343
7 years$9,553$8,911$8,312$7,752$7,228$5,759
8 years$8,274$7,639$7,049$6,503$5,997$4,603
9 years$7,280$6,651$6,071$5,539$5,050$3,730
10 years$6,486$5,862$5,293$4,774$4,303$3,055
11 years$5,836$5,219$4,660$4,155$3,701$2,523
12 years$5,295$4,684$4,136$3,645$3,207$2,098
13 years$4,838$4,233$3,695$3,218$2,796$1,753
14 years$4,446$3,848$3,320$2,856$2,451$1,472
15 years$4,107$3,515$2,997$2,547$2,158$1,240
16 years$3,810$3,225$2,718$2,281$1,908$1,048
17 years$3,549$2,970$2,473$2,049$1,691$887
18 years$3,317$2,745$2,257$1,847$1,504$753
19 years$3,109$2,544$2,067$1,669$1,340$640
20 years$2,923$2,364$1,897$1,511$1,197$545
21 years$2,754$2,202$1,745$1,372$1,071$465
22 years$2,601$2,055$1,608$1,247$960$396
23 years$2,462$1,922$1,485$1,136$862$339
24 years$2,334$1,801$1,373$1,036$775$289
25 years$2,217$1,690$1,272$946$697$247
26 years$2,109$1,588$1,179$865$628$212
27 years$2,009$1,495$1,095$792$566$181
28 years$1,917$1,409$1,018$725$511$155
29 years$1,831$1,329$947$665$461$133
30 years$1,751$1,255$882$611$417$114
31 years$1,676$1,186$823$561$377$98
32 years$1,606$1,123$768$515$341$84
33 years$1,540$1,063$717$474$309$72
34 years$1,479$1,008$670$436$279$62
35 years$1,421$956$626$401$253$53
36 years$1,366$907$586$370$229$45
37 years$1,314$861$548$341$208$39
38 years$1,266$819$513$314$188$33
39 years$1,219$779$481$289$171$29
40 years$1,176$741$451$267$155$25
41 years$1,134$705$423$246$141$21
42 years$1,095$671$397$227$128$18
43 years$1,057$640$372$210$116$16
44 years$1,022$610$349$194$105$13
45 years$988$582$328$179$95$11
46 years$955$555$308$165$87$10
47 years$925$529$289$153$79$8
48 years$895$505$272$141$71$7
49 years$867$483$256$130$65$6
50 years$840$461$240$121$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $860,000, adding $5,923 every year, while hoping to spend $55,423 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: 60/25/15 Blend
53$860,000$860,000$860,000$860,000
54$953,830$908,250$894,920$1,007,116
55$992,151$893,784$865,930$1,029,273
56$1,032,523$876,752$834,111$1,046,714
57$1,075,097$856,970$799,311$1,064,431
58$1,120,037$834,242$761,368$1,082,458
59$1,167,522$808,361$720,115$1,100,833
60$1,217,749$779,110$675,378$1,119,601
61$1,270,929$746,256$626,973$1,138,814
62$1,327,295$709,555$574,709$1,158,532
63$1,387,104$668,747$518,386$1,178,826
64$1,450,632$623,559$457,795$1,199,774
65$1,518,185$573,702$392,719$1,221,469
66$1,590,094$518,868$322,931$1,244,015
67$1,666,726$458,735$248,191$1,267,533
68$1,748,480$392,960$168,253$1,292,158
69$1,835,792$321,183$82,856$1,318,044
70$1,929,142$243,020$0$1,345,368
71$2,029,057$158,070$0$1,375,652
72$2,136,111$65,906$0$1,422,033
73$2,250,938$0$0$1,471,536
74$2,374,231$0$0$1,533,826
75$2,506,752$0$0$1,620,314
76$2,649,335$0$0$1,713,420
77$2,802,900$0$0$1,813,750
78$2,968,452$0$0$1,921,968
79$3,147,101$0$0$2,038,806
80$3,340,061$0$0$2,165,067
81$3,548,670$0$0$2,301,633
82$3,774,396$0$0$2,449,473
83$4,018,855$0$0$2,609,656
84$4,283,822$0$0$2,783,352
85$4,571,250$0$0$2,971,852
86$4,883,286$0$0$3,176,575
87$5,222,290$0$0$3,399,079
88$5,590,862$0$0$3,641,080
89$5,991,859$0$0$3,904,468
90$6,428,426$0$0$4,191,320
91$6,904,022$0$0$4,503,921
92$7,422,456$0$0$4,844,787
93$7,987,919$0$0$5,216,688
94$8,605,022$0$0$5,622,672
95$9,278,843$0$0$6,066,093
96$10,014,972$0$0$6,550,645
97$10,819,561$0$0$7,080,395
98$11,699,384$0$0$7,659,819
99$12,661,901$0$0$8,293,847
100$13,715,323$0$0$8,987,906