Can I retire at age 54 with 861,000?

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 $861,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$71,101$70,467$69,849$69,246$68,657$68,253
2 years$35,198$34,543$33,907$33,291$32,694$32,286
3 years$23,232$22,574$21,940$21,330$20,742$20,344
4 years$17,251$16,594$15,967$15,367$14,794$14,407
5 years$13,663$13,010$12,391$11,803$11,246$10,873
6 years$11,271$10,624$10,014$9,439$8,898$8,539
7 years$9,564$8,922$8,322$7,761$7,237$6,891
8 years$8,284$7,648$7,057$6,510$6,004$5,672
9 years$7,289$6,659$6,078$5,545$5,056$4,738
10 years$6,493$5,869$5,299$4,780$4,308$4,004
11 years$5,843$5,225$4,665$4,160$3,705$3,414
12 years$5,301$4,690$4,140$3,649$3,211$2,933
13 years$4,843$4,238$3,699$3,221$2,800$2,535
14 years$4,451$3,852$3,324$2,860$2,454$2,202
15 years$4,111$3,519$3,001$2,550$2,161$1,921
16 years$3,815$3,229$2,721$2,284$1,910$1,682
17 years$3,553$2,974$2,476$2,052$1,693$1,477
18 years$3,321$2,748$2,260$1,849$1,506$1,301
19 years$3,113$2,547$2,069$1,671$1,342$1,148
20 years$2,926$2,366$1,899$1,513$1,199$1,015
21 years$2,758$2,204$1,747$1,373$1,073$899
22 years$2,605$2,058$1,610$1,249$962$798
23 years$2,465$1,924$1,486$1,137$863$709
24 years$2,337$1,803$1,375$1,037$776$630
25 years$2,220$1,692$1,273$947$698$561
26 years$2,112$1,590$1,181$866$629$500
27 years$2,012$1,497$1,096$793$567$446
28 years$1,919$1,410$1,019$726$512$398
29 years$1,833$1,330$949$666$462$355
30 years$1,753$1,256$884$611$417$318
31 years$1,678$1,188$824$561$377$284
32 years$1,608$1,124$769$516$341$254
33 years$1,542$1,064$718$474$309$227
34 years$1,480$1,009$670$437$280$203
35 years$1,422$957$627$402$253$182
36 years$1,367$908$586$370$230$163
37 years$1,316$862$549$341$208$146
38 years$1,267$820$514$314$189$131
39 years$1,221$779$482$290$171$117
40 years$1,177$742$451$267$155$105
41 years$1,136$706$423$247$141$94
42 years$1,096$672$397$228$128$84
43 years$1,059$641$373$210$116$76
44 years$1,023$611$350$194$105$68
45 years$989$582$328$179$96$61
46 years$957$555$308$165$87$55
47 years$926$530$290$153$79$49
48 years$896$506$272$141$72$44
49 years$868$483$256$131$65$39
50 years$841$462$241$121$59$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $861,000, adding $3,346 every year, while hoping to spend $37,058 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: 38/34/28 Blend
53$861,000$861,000$861,000$861,000
54$952,273$906,640$893,295$980,414
55$1,009,976$911,636$883,791$1,006,388
56$1,072,322$915,635$872,726$1,030,801
57$1,139,746$918,549$860,010$1,056,478
58$1,212,726$920,283$845,546$1,083,558
59$1,291,787$920,740$829,235$1,112,196
60$1,377,506$919,813$810,971$1,142,567
61$1,470,518$917,390$790,645$1,174,865
62$1,571,521$913,352$768,142$1,209,306
63$1,681,283$907,574$743,342$1,246,132
64$1,800,649$899,920$716,119$1,285,614
65$1,930,549$890,250$686,342$1,328,051
66$2,072,005$878,412$653,874$1,373,779
67$2,226,142$864,247$618,572$1,423,171
68$2,394,199$847,585$580,285$1,476,641
69$2,577,539$828,249$538,856$1,534,652
70$2,777,663$806,048$494,122$1,597,717
71$2,996,221$780,781$445,912$1,666,406
72$3,235,033$752,236$394,047$1,741,353
73$3,496,099$720,188$338,340$1,823,263
74$3,781,623$684,399$278,596$1,912,916
75$4,094,031$644,618$214,612$2,011,181
76$4,435,996$600,577$146,175$2,119,020
77$4,810,458$551,997$73,063$2,237,501
78$5,220,659$498,579$0$2,367,807
79$5,670,165$440,008$0$2,512,732
80$6,162,907$375,953$0$2,695,639
81$6,703,211$306,063$0$2,896,364
82$7,295,845$229,966$0$3,116,770
83$7,946,058$147,271$0$3,358,914
84$8,659,632$57,564$0$3,625,071
85$9,442,938$0$0$3,917,751
86$10,302,993$0$0$4,254,540
87$11,247,524$0$0$4,648,184
88$12,285,046$0$0$5,080,709
89$13,424,940$0$0$5,556,042
90$14,677,537$0$0$6,078,508
91$16,054,222$0$0$6,652,871
92$17,567,535$0$0$7,284,381
93$19,231,294$0$0$7,978,822
94$21,060,720$0$0$8,742,567
95$23,072,584$0$0$9,582,635
96$25,285,363$0$0$10,506,763
97$27,719,417$0$0$11,523,472
98$30,397,175$0$0$12,642,154
99$33,343,351$0$0$13,873,155
100$36,585,175$0$0$15,227,876