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%11.3%
1 years$71,101$70,467$69,849$69,246$68,657$68,282
2 years$35,198$34,543$33,907$33,291$32,694$32,315
3 years$23,232$22,574$21,940$21,330$20,742$20,372
4 years$17,251$16,594$15,967$15,367$14,794$14,434
5 years$13,663$13,010$12,391$11,803$11,246$10,899
6 years$11,271$10,624$10,014$9,439$8,898$8,564
7 years$9,564$8,922$8,322$7,761$7,237$6,915
8 years$8,284$7,648$7,057$6,510$6,004$5,695
9 years$7,289$6,659$6,078$5,545$5,056$4,760
10 years$6,493$5,869$5,299$4,780$4,308$4,025
11 years$5,843$5,225$4,665$4,160$3,705$3,434
12 years$5,301$4,690$4,140$3,649$3,211$2,952
13 years$4,843$4,238$3,699$3,221$2,800$2,553
14 years$4,451$3,852$3,324$2,860$2,454$2,219
15 years$4,111$3,519$3,001$2,550$2,161$1,938
16 years$3,815$3,229$2,721$2,284$1,910$1,698
17 years$3,553$2,974$2,476$2,052$1,693$1,492
18 years$3,321$2,748$2,260$1,849$1,506$1,315
19 years$3,113$2,547$2,069$1,671$1,342$1,161
20 years$2,926$2,366$1,899$1,513$1,199$1,027
21 years$2,758$2,204$1,747$1,373$1,073$911
22 years$2,605$2,058$1,610$1,249$962$809
23 years$2,465$1,924$1,486$1,137$863$719
24 years$2,337$1,803$1,375$1,037$776$640
25 years$2,220$1,692$1,273$947$698$570
26 years$2,112$1,590$1,181$866$629$508
27 years$2,012$1,497$1,096$793$567$454
28 years$1,919$1,410$1,019$726$512$405
29 years$1,833$1,330$949$666$462$362
30 years$1,753$1,256$884$611$417$324
31 years$1,678$1,188$824$561$377$290
32 years$1,608$1,124$769$516$341$259
33 years$1,542$1,064$718$474$309$232
34 years$1,480$1,009$670$437$280$208
35 years$1,422$957$627$402$253$186
36 years$1,367$908$586$370$230$167
37 years$1,316$862$549$341$208$150
38 years$1,267$820$514$314$189$134
39 years$1,221$779$482$290$171$120
40 years$1,177$742$451$267$155$108
41 years$1,136$706$423$247$141$97
42 years$1,096$672$397$228$128$87
43 years$1,059$641$373$210$116$78
44 years$1,023$611$350$194$105$70
45 years$989$582$328$179$96$63
46 years$957$555$308$165$87$56
47 years$926$530$290$153$79$51
48 years$896$506$272$141$72$46
49 years$868$483$256$131$65$41
50 years$841$462$241$121$59$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $861,000, adding $4,408 every year, while hoping to spend $51,254 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: 80/7/13 Blend
53$861,000$861,000$861,000$861,000
54$953,369$907,736$894,390$1,026,904
55$996,079$897,681$869,819$1,065,799
56$1,041,427$885,416$842,706$1,101,388
57$1,089,629$870,778$812,913$1,138,963
58$1,140,920$853,594$780,294$1,178,700
59$1,195,557$833,684$744,697$1,220,792
60$1,253,822$810,853$705,963$1,265,453
61$1,316,025$784,897$663,926$1,312,916
62$1,382,503$755,601$618,411$1,363,441
63$1,453,627$722,734$569,237$1,417,315
64$1,529,805$686,056$516,214$1,474,853
65$1,611,482$645,310$459,144$1,536,403
66$1,699,147$600,224$397,819$1,602,348
67$1,793,338$550,513$332,024$1,673,113
68$1,894,644$495,874$261,533$1,749,164
69$2,003,713$435,986$186,109$1,831,017
70$2,121,255$370,513$105,507$1,919,242
71$2,248,050$299,096$19,469$2,014,466
72$2,384,958$221,357$0$2,117,381
73$2,532,919$136,900$0$2,238,788
74$2,692,971$45,301$0$2,373,028
75$2,866,251$0$0$2,518,370
76$3,054,011$0$0$2,680,032
77$3,257,628$0$0$2,859,150
78$3,478,615$0$0$3,053,570
79$3,718,638$0$0$3,264,759
80$3,979,527$0$0$3,494,331
81$4,263,296$0$0$3,744,060
82$4,572,162$0$0$4,015,901
83$4,908,564$0$0$4,312,003
84$5,275,186$0$0$4,634,732
85$5,674,980$0$0$4,986,690
86$6,111,197$0$0$5,370,744
87$6,587,416$0$0$5,790,046
88$7,107,575$0$0$6,248,070
89$7,676,009$0$0$6,748,635
90$8,297,493$0$0$7,295,952
91$8,977,282$0$0$7,894,652
92$9,721,163$0$0$8,549,836
93$10,535,508$0$0$9,267,122
94$11,427,334$0$0$10,052,694
95$12,404,368$0$0$10,913,366
96$13,475,120$0$0$11,856,638
97$14,648,962$0$0$12,890,772
98$15,936,217$0$0$14,024,867
99$17,348,253$0$0$15,268,947
100$18,897,593$0$0$16,634,049