Can I retire at age 54 with 863,000?

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 $863,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$71,266$70,631$70,012$69,407$68,817$67,510
2 years$35,280$34,623$33,986$33,369$32,770$31,459
3 years$23,286$22,627$21,991$21,380$20,791$19,515
4 years$17,291$16,633$16,004$15,403$14,828$13,599
5 years$13,694$13,040$12,420$11,831$11,272$10,092
6 years$11,297$10,648$10,037$9,461$8,919$7,790
7 years$9,586$8,943$8,341$7,779$7,254$6,176
8 years$8,303$7,665$7,074$6,525$6,018$4,991
9 years$7,306$6,674$6,093$5,558$5,068$4,091
10 years$6,508$5,883$5,312$4,791$4,318$3,391
11 years$5,856$5,237$4,676$4,170$3,714$2,834
12 years$5,314$4,701$4,150$3,657$3,218$2,386
13 years$4,855$4,248$3,708$3,229$2,806$2,020
14 years$4,461$3,861$3,331$2,866$2,460$1,718
15 years$4,121$3,527$3,008$2,556$2,166$1,466
16 years$3,823$3,236$2,727$2,289$1,914$1,256
17 years$3,561$2,981$2,482$2,056$1,697$1,078
18 years$3,328$2,754$2,265$1,853$1,509$928
19 years$3,120$2,553$2,074$1,675$1,345$800
20 years$2,933$2,372$1,903$1,517$1,202$691
21 years$2,764$2,209$1,751$1,376$1,075$598
22 years$2,611$2,062$1,613$1,252$964$517
23 years$2,471$1,929$1,490$1,140$865$449
24 years$2,343$1,807$1,378$1,040$778$389
25 years$2,225$1,696$1,276$949$700$338
26 years$2,117$1,594$1,184$868$630$294
27 years$2,016$1,500$1,099$795$568$255
28 years$1,923$1,414$1,022$728$513$222
29 years$1,837$1,334$951$668$463$193
30 years$1,757$1,259$886$613$418$168
31 years$1,682$1,191$826$563$378$146
32 years$1,611$1,126$770$517$342$127
33 years$1,546$1,067$719$476$310$111
34 years$1,484$1,011$672$438$280$97
35 years$1,425$959$628$403$254$84
36 years$1,371$910$588$371$230$74
37 years$1,319$864$550$342$209$64
38 years$1,270$822$515$315$189$56
39 years$1,224$781$483$290$171$49
40 years$1,180$743$452$268$155$42
41 years$1,138$708$424$247$141$37
42 years$1,099$674$398$228$128$32
43 years$1,061$642$373$211$116$28
44 years$1,025$612$350$194$105$25
45 years$991$584$329$180$96$21
46 years$959$557$309$166$87$19
47 years$928$531$290$153$79$16
48 years$898$507$273$142$72$14
49 years$870$484$256$131$65$12
50 years$843$463$241$121$59$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $863,000, adding $6,821 every year, while hoping to spend $21,477 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: 72/10/18 Blend
53$863,000$863,000$863,000$863,000
54$958,062$912,323$898,946$1,022,505
55$1,032,933$934,175$906,210$1,088,075
56$1,114,721$956,379$912,997$1,156,622
57$1,204,109$978,928$919,268$1,231,140
58$1,301,848$1,001,816$924,984$1,312,220
59$1,408,767$1,025,035$930,102$1,400,508
60$1,525,777$1,048,577$934,576$1,496,719
61$1,653,881$1,072,432$938,359$1,601,639
62$1,794,185$1,096,590$941,402$1,716,135
63$1,947,905$1,121,036$943,652$1,841,161
64$2,116,383$1,145,758$945,056$1,977,770
65$2,301,093$1,170,740$945,555$2,127,121
66$2,503,663$1,195,964$945,089$2,290,490
67$2,725,882$1,221,411$943,595$2,469,284
68$2,969,723$1,247,062$941,006$2,665,055
69$3,237,359$1,272,892$937,254$2,879,510
70$3,531,182$1,298,876$932,264$3,114,532
71$3,853,829$1,324,987$925,962$3,372,196
72$4,208,204$1,351,196$918,265$3,654,789
73$4,597,505$1,377,469$909,092$3,964,828
74$5,025,257$1,403,772$898,353$4,305,092
75$5,495,342$1,430,065$885,957$4,678,638
76$6,012,038$1,456,309$871,807$5,088,838
77$6,580,055$1,482,458$855,803$5,539,408
78$7,204,587$1,508,464$837,838$6,034,443
79$7,891,352$1,534,276$817,802$6,578,454
80$8,646,651$1,559,837$795,580$7,176,414
81$9,477,428$1,585,088$771,051$7,833,803
82$10,391,332$1,609,963$744,087$8,556,660
83$11,396,791$1,634,395$714,558$9,351,642
84$12,503,092$1,658,308$682,323$10,226,082
85$13,720,466$1,681,624$647,240$11,188,063
86$15,060,187$1,704,257$609,156$12,246,495
87$16,534,677$1,726,117$567,913$13,411,194
88$18,157,623$1,747,105$523,347$14,692,979
89$19,944,106$1,767,119$475,285$16,103,774
90$21,910,744$1,786,047$423,547$17,656,718
91$24,075,848$1,803,772$367,944$19,366,294
92$26,459,595$1,820,166$308,279$21,248,459
93$29,084,215$1,835,097$244,349$23,320,803
94$31,974,208$1,848,419$175,937$25,602,707
95$35,156,568$1,859,982$102,821$28,115,533
96$38,661,039$1,869,622$24,767$30,882,822
97$42,520,399$1,877,168$0$33,930,516
98$46,770,766$1,882,435$0$37,298,449
99$51,451,938$1,885,229$0$41,012,694
100$56,607,773$1,885,342$0$45,103,265