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%16.8%
1 years$71,183$70,549$69,930$69,327$68,737$66,832
2 years$35,239$34,583$33,947$33,330$32,732$30,826
3 years$23,259$22,600$21,966$21,355$20,766$18,921
4 years$17,271$16,614$15,986$15,385$14,811$13,039
5 years$13,678$13,025$12,405$11,817$11,259$9,565
6 years$11,284$10,636$10,025$9,450$8,909$7,296
7 years$9,575$8,932$8,331$7,770$7,245$5,712
8 years$8,294$7,657$7,065$6,518$6,011$4,557
9 years$7,297$6,666$6,086$5,552$5,062$3,687
10 years$6,501$5,876$5,305$4,786$4,313$3,014
11 years$5,850$5,231$4,671$4,165$3,709$2,484
12 years$5,307$4,695$4,145$3,653$3,214$2,062
13 years$4,849$4,243$3,704$3,225$2,803$1,720
14 years$4,456$3,857$3,328$2,863$2,457$1,441
15 years$4,116$3,523$3,004$2,553$2,163$1,211
16 years$3,819$3,233$2,724$2,286$1,912$1,021
17 years$3,557$2,977$2,479$2,054$1,695$863
18 years$3,324$2,751$2,263$1,851$1,507$731
19 years$3,117$2,550$2,071$1,673$1,344$620
20 years$2,930$2,369$1,901$1,515$1,200$526
21 years$2,761$2,207$1,749$1,375$1,074$448
22 years$2,608$2,060$1,612$1,250$963$381
23 years$2,468$1,927$1,488$1,138$864$325
24 years$2,340$1,805$1,376$1,038$777$277
25 years$2,222$1,694$1,275$948$699$236
26 years$2,114$1,592$1,182$867$630$202
27 years$2,014$1,498$1,098$794$568$172
28 years$1,921$1,412$1,020$727$512$147
29 years$1,835$1,332$950$667$462$126
30 years$1,755$1,258$885$612$418$107
31 years$1,680$1,189$825$562$378$92
32 years$1,609$1,125$769$517$342$79
33 years$1,544$1,066$718$475$309$67
34 years$1,482$1,010$671$437$280$57
35 years$1,424$958$628$402$254$49
36 years$1,369$909$587$371$230$42
37 years$1,317$863$549$341$208$36
38 years$1,269$821$515$315$189$31
39 years$1,222$780$482$290$171$26
40 years$1,178$742$452$268$155$23
41 years$1,137$707$424$247$141$19
42 years$1,097$673$397$228$128$17
43 years$1,060$641$373$210$116$14
44 years$1,024$611$350$194$105$12
45 years$990$583$329$179$96$10
46 years$958$556$309$166$87$9
47 years$927$531$290$153$79$8
48 years$897$507$273$141$72$7
49 years$869$484$256$131$65$6
50 years$842$462$241$121$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $862,000, adding $2,530 every year, while hoping to spend $32,320 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: 83/8/9 Blend
53$862,000$862,000$862,000$862,000
54$952,534$906,848$893,487$1,030,216
55$1,015,304$916,895$889,030$1,091,447
56$1,083,393$926,351$883,341$1,154,089
57$1,157,311$935,154$876,344$1,221,889
58$1,237,615$943,235$867,961$1,295,344
59$1,324,922$950,523$858,107$1,375,003
60$1,419,907$956,942$846,697$1,461,473
61$1,523,316$962,411$833,640$1,555,417
62$1,635,968$966,843$818,841$1,657,570
63$1,758,765$970,146$802,200$1,768,740
64$1,892,699$972,223$783,613$1,889,816
65$2,038,861$972,970$762,972$2,021,780
66$2,198,456$972,276$740,162$2,165,710
67$2,372,805$970,024$715,064$2,322,796
68$2,563,367$966,091$687,554$2,494,350
69$2,771,744$960,343$657,501$2,681,815
70$2,999,704$952,642$624,770$2,886,783
71$3,249,191$942,838$589,216$3,111,007
72$3,522,346$930,775$550,693$3,356,419
73$3,821,528$916,286$509,044$3,625,147
74$4,149,333$899,193$464,106$3,919,536
75$4,508,622$879,310$415,711$4,242,172
76$4,902,544$856,439$363,679$4,595,902
77$5,334,568$830,370$307,828$4,983,865
78$5,808,516$800,880$247,962$5,409,519
79$6,328,596$767,734$183,880$5,876,676
80$6,899,444$730,684$115,370$6,389,535
81$7,526,166$689,466$42,214$6,952,724
82$8,214,388$643,803$0$7,571,345
83$8,970,305$593,399$0$8,254,461
84$9,800,745$537,944$0$9,009,374
85$10,713,227$477,110$0$9,838,876
86$11,716,036$410,547$0$10,750,515
87$12,818,298$337,891$0$11,752,608
88$14,030,068$258,751$0$12,854,320
89$15,362,424$172,719$0$14,065,749
90$16,827,571$79,362$0$15,398,022
91$18,438,956$0$0$16,863,399
92$20,211,394$0$0$18,477,308
93$22,161,208$0$0$20,260,434
94$24,306,383$0$0$22,222,239
95$26,666,735$0$0$24,380,849
96$29,264,097$0$0$26,756,233
97$32,122,527$0$0$29,370,395
98$35,268,532$0$0$32,247,579
99$38,731,319$0$0$35,414,501
100$42,543,070$0$0$38,900,596