Can I retire at age 54 with 864,000?

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 $864,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$71,348$70,713$70,093$69,488$68,897$66,960
2 years$35,321$34,663$34,026$33,407$32,808$30,871
3 years$23,313$22,653$22,017$21,404$20,815$18,939
4 years$17,311$16,652$16,023$15,421$14,845$13,045
5 years$13,710$13,055$12,434$11,845$11,285$9,565
6 years$11,311$10,661$10,049$9,472$8,930$7,291
7 years$9,597$8,953$8,350$7,788$7,262$5,706
8 years$8,313$7,674$7,082$6,533$6,025$4,549
9 years$7,314$6,682$6,100$5,565$5,074$3,678
10 years$6,516$5,890$5,318$4,797$4,323$3,005
11 years$5,863$5,243$4,682$4,175$3,718$2,475
12 years$5,320$4,706$4,155$3,662$3,222$2,053
13 years$4,860$4,253$3,712$3,233$2,810$1,711
14 years$4,467$3,866$3,335$2,870$2,463$1,432
15 years$4,126$3,531$3,011$2,559$2,168$1,203
16 years$3,828$3,240$2,730$2,291$1,916$1,014
17 years$3,565$2,984$2,484$2,059$1,699$856
18 years$3,332$2,757$2,268$1,855$1,511$724
19 years$3,124$2,555$2,076$1,677$1,347$614
20 years$2,936$2,375$1,905$1,518$1,203$521
21 years$2,767$2,212$1,753$1,378$1,076$443
22 years$2,614$2,065$1,615$1,253$965$377
23 years$2,474$1,931$1,491$1,141$866$321
24 years$2,345$1,809$1,379$1,041$779$273
25 years$2,228$1,698$1,278$951$701$233
26 years$2,119$1,596$1,185$869$631$199
27 years$2,019$1,502$1,100$795$569$169
28 years$1,926$1,415$1,023$729$513$145
29 years$1,839$1,335$952$668$464$124
30 years$1,759$1,261$887$613$419$106
31 years$1,684$1,192$827$563$379$90
32 years$1,613$1,128$771$518$343$77
33 years$1,547$1,068$720$476$310$66
34 years$1,485$1,012$673$438$281$56
35 years$1,427$960$629$403$254$48
36 years$1,372$911$588$371$230$41
37 years$1,320$865$551$342$209$35
38 years$1,271$823$516$315$189$30
39 years$1,225$782$483$291$172$26
40 years$1,181$744$453$268$156$22
41 years$1,140$708$425$247$141$19
42 years$1,100$675$398$228$128$16
43 years$1,062$643$374$211$116$14
44 years$1,027$613$351$195$106$12
45 years$992$584$329$180$96$10
46 years$960$557$309$166$87$9
47 years$929$532$291$153$79$7
48 years$899$508$273$142$72$6
49 years$871$485$257$131$65$5
50 years$844$463$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 $864,000, adding $6,474 every year, while hoping to spend $45,061 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: 66/17/17 Blend
53$864,000$864,000$864,000$864,000
54$958,806$913,014$899,622$1,017,692
55$1,008,660$909,807$881,815$1,054,695
56$1,062,088$904,933$861,901$1,089,309
57$1,119,408$898,262$839,762$1,126,047
58$1,180,969$889,657$815,274$1,165,115
59$1,247,150$878,973$788,309$1,206,742
60$1,318,373$866,056$758,730$1,251,182
61$1,395,096$850,743$726,398$1,298,717
62$1,477,827$832,860$691,162$1,349,656
63$1,567,119$812,224$652,870$1,404,345
64$1,663,584$788,641$611,360$1,463,165
65$1,767,891$761,907$566,463$1,526,536
66$1,880,779$731,803$518,002$1,594,927
67$2,003,057$698,099$465,793$1,668,851
68$2,135,616$660,553$409,644$1,748,882
69$2,279,435$618,907$349,354$1,835,649
70$2,435,593$572,889$284,713$1,929,852
71$2,605,274$522,211$215,502$2,032,263
72$2,789,783$466,570$141,491$2,143,735
73$2,990,552$405,643$62,442$2,265,213
74$3,209,160$339,092$0$2,397,740
75$3,447,344$266,557$0$2,546,446
76$3,707,014$187,659$0$2,720,974
77$3,990,274$101,999$0$2,911,446
78$4,299,438$9,153$0$3,119,468
79$4,637,056$0$0$3,346,815
80$5,005,931$0$0$3,612,526
81$5,409,152$0$0$3,904,903
82$5,850,118$0$0$4,224,704
83$6,332,575$0$0$4,574,653
84$6,860,643$0$0$4,957,746
85$7,438,861$0$0$5,377,284
86$8,072,229$0$0$5,836,900
87$8,766,249$0$0$6,340,598
88$9,526,986$0$0$6,892,786
89$10,361,115$0$0$7,498,319
90$11,275,990$0$0$8,162,543
91$12,279,710$0$0$8,891,350
92$13,381,197$0$0$9,691,226
93$14,590,278$0$0$10,569,317
94$15,917,778$0$0$11,533,496
95$17,375,620$0$0$12,592,434
96$18,976,941$0$0$13,755,682
97$20,736,210$0$0$15,033,765
98$22,669,368$0$0$16,438,275
99$24,793,978$0$0$17,981,983
100$27,129,386$0$0$19,678,960