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%12.3%
1 years$71,266$70,631$70,012$69,407$68,817$68,155
2 years$35,280$34,623$33,986$33,369$32,770$32,103
3 years$23,286$22,627$21,991$21,380$20,791$20,140
4 years$17,291$16,633$16,004$15,403$14,828$14,198
5 years$13,694$13,040$12,420$11,831$11,272$10,664
6 years$11,297$10,648$10,037$9,461$8,919$8,335
7 years$9,586$8,943$8,341$7,779$7,254$6,693
8 years$8,303$7,665$7,074$6,525$6,018$5,481
9 years$7,306$6,674$6,093$5,558$5,068$4,554
10 years$6,508$5,883$5,312$4,791$4,318$3,828
11 years$5,856$5,237$4,676$4,170$3,714$3,246
12 years$5,314$4,701$4,150$3,657$3,218$2,773
13 years$4,855$4,248$3,708$3,229$2,806$2,383
14 years$4,461$3,861$3,331$2,866$2,460$2,058
15 years$4,121$3,527$3,008$2,556$2,166$1,785
16 years$3,823$3,236$2,727$2,289$1,914$1,553
17 years$3,561$2,981$2,482$2,056$1,697$1,355
18 years$3,328$2,754$2,265$1,853$1,509$1,186
19 years$3,120$2,553$2,074$1,675$1,345$1,040
20 years$2,933$2,372$1,903$1,517$1,202$914
21 years$2,764$2,209$1,751$1,376$1,075$804
22 years$2,611$2,062$1,613$1,252$964$708
23 years$2,471$1,929$1,490$1,140$865$625
24 years$2,343$1,807$1,378$1,040$778$552
25 years$2,225$1,696$1,276$949$700$488
26 years$2,117$1,594$1,184$868$630$432
27 years$2,016$1,500$1,099$795$568$382
28 years$1,923$1,414$1,022$728$513$339
29 years$1,837$1,334$951$668$463$300
30 years$1,757$1,259$886$613$418$266
31 years$1,682$1,191$826$563$378$236
32 years$1,611$1,126$770$517$342$210
33 years$1,546$1,067$719$476$310$186
34 years$1,484$1,011$672$438$280$166
35 years$1,425$959$628$403$254$147
36 years$1,371$910$588$371$230$131
37 years$1,319$864$550$342$209$116
38 years$1,270$822$515$315$189$103
39 years$1,224$781$483$290$171$92
40 years$1,180$743$452$268$155$82
41 years$1,138$708$424$247$141$73
42 years$1,099$674$398$228$128$65
43 years$1,061$642$373$211$116$58
44 years$1,025$612$350$194$105$51
45 years$991$584$329$180$96$46
46 years$959$557$309$166$87$41
47 years$928$531$290$153$79$36
48 years$898$507$273$142$72$32
49 years$870$484$256$131$65$29
50 years$843$463$241$121$59$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $863,000, adding $5,683 every year, while hoping to spend $43,101 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: 66/14/20 Blend
53$863,000$863,000$863,000$863,000
54$956,888$911,149$897,773$1,014,871
55$1,008,631$909,936$881,989$1,053,247
56$1,064,208$907,219$864,232$1,089,717
57$1,123,964$902,879$844,390$1,128,560
58$1,188,277$896,790$822,346$1,170,010
59$1,257,565$888,816$797,978$1,214,325
60$1,332,285$878,817$771,159$1,261,791
61$1,412,940$866,640$741,755$1,312,723
62$1,500,082$852,127$709,625$1,367,471
63$1,594,317$835,108$674,624$1,426,421
64$1,696,312$815,404$636,599$1,490,001
65$1,806,802$792,824$595,391$1,558,682
66$1,926,592$767,169$550,833$1,632,989
67$2,056,568$738,224$502,750$1,713,498
68$2,197,706$705,765$450,960$1,800,849
69$2,351,078$669,554$395,273$1,895,746
70$2,517,864$629,338$335,491$1,998,970
71$2,699,363$584,852$271,406$2,111,384
72$2,897,001$535,813$202,801$2,233,939
73$3,112,351$481,923$129,451$2,367,690
74$3,347,142$422,869$51,119$2,513,798
75$3,603,277$358,317$0$2,673,549
76$3,882,853$287,915$0$2,855,293
77$4,188,174$211,294$0$3,065,758
78$4,521,781$128,059$0$3,295,813
79$4,886,467$37,799$0$3,547,430
80$5,285,310$0$0$3,822,782
81$5,721,698$0$0$4,133,498
82$6,199,363$0$0$4,480,031
83$6,722,412$0$0$4,859,545
84$7,295,369$0$0$5,275,329
85$7,923,218$0$0$5,731,008
86$8,611,444$0$0$6,230,569
87$9,366,091$0$0$6,778,409
88$10,193,814$0$0$7,379,366
89$11,101,946$0$0$8,038,772
90$12,098,560$0$0$8,762,499
91$13,192,552$0$0$9,557,015
92$14,393,719$0$0$10,429,445
93$15,712,854$0$0$11,387,637
94$17,161,847$0$0$12,440,239
95$18,753,795$0$0$13,596,774
96$20,503,127$0$0$14,867,736
97$22,425,739$0$0$16,264,685
98$24,539,142$0$0$17,800,357
99$26,862,632$0$0$19,488,783
100$29,417,463$0$0$21,345,420