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%19.9%
1 years$71,266$70,631$70,012$69,407$68,817$66,086
2 years$35,280$34,623$33,986$33,369$32,770$30,053
3 years$23,286$22,627$21,991$21,380$20,791$18,173
4 years$17,291$16,633$16,004$15,403$14,828$12,329
5 years$13,694$13,040$12,420$11,831$11,272$8,898
6 years$11,297$10,648$10,037$9,461$8,919$6,672
7 years$9,586$8,943$8,341$7,779$7,254$5,133
8 years$8,303$7,665$7,074$6,525$6,018$4,020
9 years$7,306$6,674$6,093$5,558$5,068$3,191
10 years$6,508$5,883$5,312$4,791$4,318$2,558
11 years$5,856$5,237$4,676$4,170$3,714$2,067
12 years$5,314$4,701$4,150$3,657$3,218$1,680
13 years$4,855$4,248$3,708$3,229$2,806$1,372
14 years$4,461$3,861$3,331$2,866$2,460$1,125
15 years$4,121$3,527$3,008$2,556$2,166$925
16 years$3,823$3,236$2,727$2,289$1,914$763
17 years$3,561$2,981$2,482$2,056$1,697$630
18 years$3,328$2,754$2,265$1,853$1,509$521
19 years$3,120$2,553$2,074$1,675$1,345$432
20 years$2,933$2,372$1,903$1,517$1,202$358
21 years$2,764$2,209$1,751$1,376$1,075$297
22 years$2,611$2,062$1,613$1,252$964$247
23 years$2,471$1,929$1,490$1,140$865$206
24 years$2,343$1,807$1,378$1,040$778$171
25 years$2,225$1,696$1,276$949$700$142
26 years$2,117$1,594$1,184$868$630$118
27 years$2,016$1,500$1,099$795$568$99
28 years$1,923$1,414$1,022$728$513$82
29 years$1,837$1,334$951$668$463$68
30 years$1,757$1,259$886$613$418$57
31 years$1,682$1,191$826$563$378$48
32 years$1,611$1,126$770$517$342$40
33 years$1,546$1,067$719$476$310$33
34 years$1,484$1,011$672$438$280$28
35 years$1,425$959$628$403$254$23
36 years$1,371$910$588$371$230$19
37 years$1,319$864$550$342$209$16
38 years$1,270$822$515$315$189$13
39 years$1,224$781$483$290$171$11
40 years$1,180$743$452$268$155$9
41 years$1,138$708$424$247$141$8
42 years$1,099$674$398$228$128$6
43 years$1,061$642$373$211$116$5
44 years$1,025$612$350$194$105$4
45 years$991$584$329$180$96$4
46 years$959$557$309$166$87$3
47 years$928$531$290$153$79$3
48 years$898$507$273$142$72$2
49 years$870$484$256$131$65$2
50 years$843$463$241$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $863,000, adding $5,283 every year, while hoping to spend $29,329 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: 45/25/30 Blend
53$863,000$863,000$863,000$863,000
54$956,475$910,736$897,360$991,012
55$1,022,830$924,157$896,216$1,029,581
56$1,094,970$937,252$894,050$1,068,185
57$1,173,454$949,974$890,798$1,109,503
58$1,258,898$962,274$886,391$1,153,805
59$1,351,978$974,098$880,758$1,201,391
60$1,453,439$985,389$873,823$1,252,593
61$1,564,102$996,085$865,508$1,307,775
62$1,684,868$1,006,120$855,730$1,367,345
63$1,816,731$1,015,427$844,403$1,431,748
64$1,960,784$1,023,929$831,438$1,501,479
65$2,118,232$1,031,549$816,738$1,577,087
66$2,290,398$1,038,202$800,206$1,659,174
67$2,478,743$1,043,798$781,737$1,748,410
68$2,684,873$1,048,242$761,223$1,845,532
69$2,910,557$1,051,433$738,551$1,951,356
70$3,157,743$1,053,262$713,601$2,066,784
71$3,428,577$1,053,616$686,251$2,192,810
72$3,725,421$1,052,373$656,370$2,330,534
73$4,050,878$1,049,404$623,823$2,481,172
74$4,407,814$1,044,571$588,467$2,646,064
75$4,799,385$1,037,729$550,155$2,826,693
76$5,229,069$1,028,724$508,732$3,024,693
77$5,700,695$1,017,393$464,035$3,241,871
78$6,218,483$1,003,561$415,897$3,480,222
79$6,787,078$987,046$364,140$3,741,946
80$7,411,601$967,653$308,579$4,029,476
81$8,097,691$945,174$249,024$4,345,493
82$8,851,561$919,393$185,271$4,692,960
83$9,680,054$890,077$117,111$5,075,144
84$10,590,711$856,982$44,326$5,495,652
85$11,591,839$819,850$0$5,958,466
86$12,692,589$778,405$0$6,478,652
87$13,903,045$732,359$0$7,066,220
88$15,234,315$681,404$0$7,712,393
89$16,698,640$625,217$0$8,423,155
90$18,309,504$563,456$0$9,205,103
91$20,081,765$495,757$0$10,065,510
92$22,031,796$421,740$0$11,012,392
93$24,177,632$340,998$0$12,054,589
94$26,539,149$253,106$0$13,201,844
95$29,138,247$157,612$0$14,464,896
96$31,999,053$54,041$0$15,855,586
97$35,148,156$0$0$17,386,966
98$38,614,852$0$0$19,089,411
99$42,431,420$0$0$20,980,167
100$46,633,430$0$0$23,062,004