Can I retire at age 54 with 862,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13%
1 years$71,183$70,549$69,930$69,327$68,737$67,878
2 years$35,239$34,583$33,947$33,330$32,732$31,868
3 years$23,259$22,600$21,966$21,355$20,766$19,924
4 years$17,271$16,614$15,986$15,385$14,811$13,996
5 years$13,678$13,025$12,405$11,817$11,259$10,475
6 years$11,284$10,636$10,025$9,450$8,909$8,156
7 years$9,575$8,932$8,331$7,770$7,245$6,524
8 years$8,294$7,657$7,065$6,518$6,011$5,321
9 years$7,297$6,666$6,086$5,552$5,062$4,403
10 years$6,501$5,876$5,305$4,786$4,313$3,685
11 years$5,850$5,231$4,671$4,165$3,709$3,112
12 years$5,307$4,695$4,145$3,653$3,214$2,646
13 years$4,849$4,243$3,704$3,225$2,803$2,264
14 years$4,456$3,857$3,328$2,863$2,457$1,946
15 years$4,116$3,523$3,004$2,553$2,163$1,679
16 years$3,819$3,233$2,724$2,286$1,912$1,454
17 years$3,557$2,977$2,479$2,054$1,695$1,263
18 years$3,324$2,751$2,263$1,851$1,507$1,100
19 years$3,117$2,550$2,071$1,673$1,344$959
20 years$2,930$2,369$1,901$1,515$1,200$839
21 years$2,761$2,207$1,749$1,375$1,074$734
22 years$2,608$2,060$1,612$1,250$963$643
23 years$2,468$1,927$1,488$1,138$864$565
24 years$2,340$1,805$1,376$1,038$777$496
25 years$2,222$1,694$1,275$948$699$436
26 years$2,114$1,592$1,182$867$630$384
27 years$2,014$1,498$1,098$794$568$338
28 years$1,921$1,412$1,020$727$512$298
29 years$1,835$1,332$950$667$462$263
30 years$1,755$1,258$885$612$418$232
31 years$1,680$1,189$825$562$378$204
32 years$1,609$1,125$769$517$342$180
33 years$1,544$1,066$718$475$309$159
34 years$1,482$1,010$671$437$280$141
35 years$1,424$958$628$402$254$124
36 years$1,369$909$587$371$230$110
37 years$1,317$863$549$341$208$97
38 years$1,269$821$515$315$189$86
39 years$1,222$780$482$290$171$76
40 years$1,178$742$452$268$155$67
41 years$1,137$707$424$247$141$59
42 years$1,097$673$397$228$128$52
43 years$1,060$641$373$210$116$46
44 years$1,024$611$350$194$105$41
45 years$990$583$329$179$96$36
46 years$958$556$309$166$87$32
47 years$927$531$290$153$79$28
48 years$897$507$273$141$72$25
49 years$869$484$256$131$65$22
50 years$842$462$241$121$59$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $862,000, adding $4,162 every year, while hoping to spend $38,141 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: 39/48/13 Blend
53$862,000$862,000$862,000$862,000
54$954,217$908,531$895,170$987,547
55$1,010,966$912,467$884,577$1,015,531
56$1,072,224$915,318$872,350$1,041,738
57$1,138,412$916,990$858,395$1,069,241
58$1,209,991$917,384$842,612$1,098,174
59$1,287,469$916,394$824,898$1,128,688
60$1,371,402$913,908$805,143$1,160,953
61$1,462,403$909,808$783,234$1,195,157
62$1,561,147$903,967$759,051$1,231,509
63$1,668,374$896,252$732,469$1,270,244
64$1,784,900$886,520$703,359$1,311,625
65$1,911,622$874,622$671,584$1,355,941
66$2,049,526$860,397$637,001$1,403,519
67$2,199,699$843,678$599,461$1,454,719
68$2,363,334$824,284$558,809$1,509,945
69$2,541,748$802,027$514,882$1,569,644
70$2,736,386$776,706$467,511$1,634,315
71$2,948,841$748,109$416,516$1,704,511
72$3,180,867$716,011$361,714$1,780,849
73$3,434,394$680,174$302,910$1,864,011
74$3,711,547$640,347$239,902$1,954,758
75$4,014,665$596,265$172,479$2,053,933
76$4,346,325$547,645$100,421$2,162,472
77$4,709,361$494,191$23,496$2,281,413
78$5,106,898$435,589$0$2,411,909
79$5,542,376$371,506$0$2,563,365
80$6,019,581$301,592$0$2,733,076
81$6,542,685$225,477$0$2,919,385
82$7,116,282$142,770$0$3,124,070
83$7,745,434$53,056$0$3,349,097
84$8,435,712$0$0$3,596,641
85$9,193,257$0$0$3,892,403
86$10,024,829$0$0$4,247,948
87$10,937,879$0$0$4,638,452
88$11,940,611$0$0$5,067,440
89$13,042,065$0$0$5,538,794
90$14,252,197$0$0$6,056,793
91$15,581,978$0$0$6,626,148
92$17,043,492$0$0$7,252,051
93$18,650,054$0$0$7,940,223
94$20,416,331$0$0$8,696,964
95$22,358,483$0$0$9,529,219
96$24,494,314$0$0$10,444,636
97$26,843,442$0$0$11,451,645
98$29,427,478$0$0$12,559,530
99$32,270,234$0$0$13,778,524
100$35,397,948$0$0$15,119,900