Can I retire at age 54 with 862,000?

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 $862,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$71,183$70,549$69,930$69,327$68,737$68,390
2 years$35,239$34,583$33,947$33,330$32,732$32,382
3 years$23,259$22,600$21,966$21,355$20,766$20,424
4 years$17,271$16,614$15,986$15,385$14,811$14,478
5 years$13,678$13,025$12,405$11,817$11,259$10,938
6 years$11,284$10,636$10,025$9,450$8,909$8,599
7 years$9,575$8,932$8,331$7,770$7,245$6,948
8 years$8,294$7,657$7,065$6,518$6,011$5,725
9 years$7,297$6,666$6,086$5,552$5,062$4,788
10 years$6,501$5,876$5,305$4,786$4,313$4,051
11 years$5,850$5,231$4,671$4,165$3,709$3,458
12 years$5,307$4,695$4,145$3,653$3,214$2,975
13 years$4,849$4,243$3,704$3,225$2,803$2,574
14 years$4,456$3,857$3,328$2,863$2,457$2,239
15 years$4,116$3,523$3,004$2,553$2,163$1,956
16 years$3,819$3,233$2,724$2,286$1,912$1,715
17 years$3,557$2,977$2,479$2,054$1,695$1,508
18 years$3,324$2,751$2,263$1,851$1,507$1,330
19 years$3,117$2,550$2,071$1,673$1,344$1,176
20 years$2,930$2,369$1,901$1,515$1,200$1,041
21 years$2,761$2,207$1,749$1,375$1,074$924
22 years$2,608$2,060$1,612$1,250$963$821
23 years$2,468$1,927$1,488$1,138$864$730
24 years$2,340$1,805$1,376$1,038$777$650
25 years$2,222$1,694$1,275$948$699$580
26 years$2,114$1,592$1,182$867$630$517
27 years$2,014$1,498$1,098$794$568$462
28 years$1,921$1,412$1,020$727$512$413
29 years$1,835$1,332$950$667$462$370
30 years$1,755$1,258$885$612$418$331
31 years$1,680$1,189$825$562$378$296
32 years$1,609$1,125$769$517$342$265
33 years$1,544$1,066$718$475$309$238
34 years$1,482$1,010$671$437$280$213
35 years$1,424$958$628$402$254$191
36 years$1,369$909$587$371$230$171
37 years$1,317$863$549$341$208$154
38 years$1,269$821$515$315$189$138
39 years$1,222$780$482$290$171$124
40 years$1,178$742$452$268$155$111
41 years$1,137$707$424$247$141$100
42 years$1,097$673$397$228$128$90
43 years$1,060$641$373$210$116$81
44 years$1,024$611$350$194$105$72
45 years$990$583$329$179$96$65
46 years$958$556$309$166$87$58
47 years$927$531$290$153$79$53
48 years$897$507$273$141$72$47
49 years$869$484$256$131$65$42
50 years$842$462$241$121$59$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $862,000, adding $6,227 every year, while hoping to spend $23,790 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: 46/34/20 Blend
53$862,000$862,000$862,000$862,000
54$956,347$910,661$897,300$994,608
55$1,028,582$929,971$902,047$1,041,325
56$1,107,388$949,430$906,156$1,089,118
57$1,193,409$969,020$909,580$1,140,477
58$1,287,356$988,721$912,271$1,195,743
59$1,390,011$1,008,513$914,176$1,255,295
60$1,502,234$1,028,372$915,243$1,319,550
61$1,624,973$1,048,273$915,414$1,388,967
62$1,759,270$1,068,188$914,631$1,464,054
63$1,906,275$1,088,089$912,830$1,545,369
64$2,067,253$1,107,943$909,948$1,633,529
65$2,243,596$1,127,716$905,915$1,729,213
66$2,436,839$1,147,371$900,659$1,833,172
67$2,648,672$1,166,867$894,106$1,946,232
68$2,880,954$1,186,161$886,177$2,069,305
69$3,135,736$1,205,208$876,788$2,203,395
70$3,415,275$1,223,957$865,855$2,349,613
71$3,722,058$1,242,355$853,285$2,509,180
72$4,058,822$1,260,345$838,984$2,683,445
73$4,428,586$1,277,865$822,854$2,873,895
74$4,834,672$1,294,851$804,790$3,082,170
75$5,280,741$1,311,231$784,683$3,310,079
76$5,770,827$1,326,932$762,420$3,559,616
77$6,309,372$1,341,873$737,882$3,832,979
78$6,901,272$1,355,968$710,945$4,132,595
79$7,551,918$1,369,127$681,478$4,461,137
80$8,267,251$1,381,252$649,345$4,821,555
81$9,053,817$1,392,240$614,405$5,217,099
82$9,918,827$1,401,980$576,508$5,651,356
83$10,870,226$1,410,356$535,500$6,128,280
84$11,916,768$1,417,242$491,218$6,652,229
85$13,068,097$1,422,505$443,492$7,228,011
86$14,334,839$1,426,004$392,146$7,860,925
87$15,728,704$1,427,590$336,994$8,556,815
88$17,262,592$1,427,102$277,843$9,322,124
89$18,950,718$1,424,372$214,493$10,163,957
90$20,808,744$1,419,218$146,731$11,090,144
91$22,853,928$1,411,452$74,338$12,109,321
92$25,105,285$1,400,870$0$13,231,007
93$27,583,769$1,387,257$0$14,466,322
94$30,312,467$1,370,386$0$15,843,183
95$33,316,820$1,350,016$0$17,358,520
96$36,624,860$1,325,891$0$19,026,451
97$40,267,476$1,297,741$0$20,862,538
98$44,278,706$1,265,277$0$22,883,932
99$48,696,056$1,228,197$0$25,109,537
100$53,560,854$1,186,180$0$27,560,189