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%13.8%
1 years$71,018$70,385$69,768$69,166$68,578$67,497
2 years$35,157$34,503$33,868$33,253$32,656$31,570
3 years$23,205$22,548$21,915$21,305$20,718$19,661
4 years$17,231$16,575$15,948$15,349$14,776$13,756
5 years$13,647$12,995$12,377$11,790$11,233$10,252
6 years$11,258$10,611$10,002$9,428$8,888$7,948
7 years$9,553$8,911$8,312$7,752$7,228$6,329
8 years$8,274$7,639$7,049$6,503$5,997$5,138
9 years$7,280$6,651$6,071$5,539$5,050$4,232
10 years$6,486$5,862$5,293$4,774$4,303$3,525
11 years$5,836$5,219$4,660$4,155$3,701$2,961
12 years$5,295$4,684$4,136$3,645$3,207$2,506
13 years$4,838$4,233$3,695$3,218$2,796$2,132
14 years$4,446$3,848$3,320$2,856$2,451$1,823
15 years$4,107$3,515$2,997$2,547$2,158$1,565
16 years$3,810$3,225$2,718$2,281$1,908$1,348
17 years$3,549$2,970$2,473$2,049$1,691$1,164
18 years$3,317$2,745$2,257$1,847$1,504$1,007
19 years$3,109$2,544$2,067$1,669$1,340$874
20 years$2,923$2,364$1,897$1,511$1,197$759
21 years$2,754$2,202$1,745$1,372$1,071$661
22 years$2,601$2,055$1,608$1,247$960$576
23 years$2,462$1,922$1,485$1,136$862$502
24 years$2,334$1,801$1,373$1,036$775$438
25 years$2,217$1,690$1,272$946$697$383
26 years$2,109$1,588$1,179$865$628$335
27 years$2,009$1,495$1,095$792$566$293
28 years$1,917$1,409$1,018$725$511$256
29 years$1,831$1,329$947$665$461$225
30 years$1,751$1,255$882$611$417$197
31 years$1,676$1,186$823$561$377$172
32 years$1,606$1,123$768$515$341$151
33 years$1,540$1,063$717$474$309$133
34 years$1,479$1,008$670$436$279$116
35 years$1,421$956$626$401$253$102
36 years$1,366$907$586$370$229$90
37 years$1,314$861$548$341$208$79
38 years$1,266$819$513$314$188$69
39 years$1,219$779$481$289$171$61
40 years$1,176$741$451$267$155$53
41 years$1,134$705$423$246$141$47
42 years$1,095$671$397$227$128$41
43 years$1,057$640$372$210$116$36
44 years$1,022$610$349$194$105$32
45 years$988$582$328$179$95$28
46 years$955$555$308$165$87$24
47 years$925$529$289$153$79$21
48 years$895$505$272$141$71$19
49 years$867$483$256$130$65$17
50 years$840$461$240$121$59$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $860,000, adding $5,282 every year, while hoping to spend $40,904 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: 63/24/13 Blend
53$860,000$860,000$860,000$860,000
54$953,168$907,588$894,258$1,009,951
55$1,006,870$908,539$880,694$1,049,587
56$1,064,678$908,165$865,305$1,087,669
57$1,126,969$906,358$847,986$1,128,247
58$1,194,154$903,004$828,629$1,171,564
59$1,266,688$897,982$807,118$1,217,887
60$1,345,069$891,161$783,335$1,267,516
61$1,429,843$882,405$757,154$1,320,778
62$1,521,613$871,569$728,444$1,378,038
63$1,621,040$858,499$697,070$1,439,697
64$1,728,852$843,031$662,887$1,506,201
65$1,845,848$824,992$625,747$1,578,041
66$1,972,908$804,201$585,494$1,655,761
67$2,111,001$780,462$541,963$1,739,963
68$2,261,189$753,571$494,985$1,831,311
69$2,424,645$723,311$444,382$1,930,540
70$2,602,658$689,452$389,968$2,038,462
71$2,796,644$651,751$331,547$2,155,974
72$3,008,166$609,950$268,918$2,284,067
73$3,238,940$563,779$201,867$2,423,838
74$3,490,857$512,949$130,175$2,576,498
75$3,765,998$457,157$53,610$2,743,383
76$4,066,654$396,083$0$2,925,971
77$4,395,348$329,386$0$3,129,793
78$4,754,857$256,709$0$3,360,942
79$5,148,237$177,673$0$3,614,001
80$5,578,857$91,878$0$3,891,207
81$6,050,423$0$0$4,195,028
82$6,567,018$0$0$4,528,476
83$7,133,138$0$0$4,920,543
84$7,753,736$0$0$5,350,400
85$8,434,265$0$0$5,821,834
86$9,180,732$0$0$6,339,013
87$9,999,753$0$0$6,906,530
88$10,898,615$0$0$7,529,443
89$11,885,346$0$0$8,213,325
90$12,968,789$0$0$8,964,313
91$14,158,683$0$0$9,789,168
92$15,465,760$0$0$10,695,339
93$16,901,839$0$0$11,691,031
94$18,479,944$0$0$12,785,284
95$20,214,420$0$0$13,988,056
96$22,121,073$0$0$15,310,320
97$24,217,315$0$0$16,764,162
98$26,522,330$0$0$18,362,899
99$29,057,254$0$0$20,121,205
100$31,845,375$0$0$22,055,245