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%14.1%
1 years$71,348$70,713$70,093$69,488$68,897$67,727
2 years$35,321$34,663$34,026$33,407$32,808$31,634
3 years$23,313$22,653$22,017$21,404$20,815$19,672
4 years$17,311$16,652$16,023$15,421$14,845$13,742
5 years$13,710$13,055$12,434$11,845$11,285$10,226
6 years$11,311$10,661$10,049$9,472$8,930$7,915
7 years$9,597$8,953$8,350$7,788$7,262$6,292
8 years$8,313$7,674$7,082$6,533$6,025$5,099
9 years$7,314$6,682$6,100$5,565$5,074$4,193
10 years$6,516$5,890$5,318$4,797$4,323$3,485
11 years$5,863$5,243$4,682$4,175$3,718$2,923
12 years$5,320$4,706$4,155$3,662$3,222$2,468
13 years$4,860$4,253$3,712$3,233$2,810$2,096
14 years$4,467$3,866$3,335$2,870$2,463$1,789
15 years$4,126$3,531$3,011$2,559$2,168$1,532
16 years$3,828$3,240$2,730$2,291$1,916$1,317
17 years$3,565$2,984$2,484$2,059$1,699$1,135
18 years$3,332$2,757$2,268$1,855$1,511$980
19 years$3,124$2,555$2,076$1,677$1,347$848
20 years$2,936$2,375$1,905$1,518$1,203$735
21 years$2,767$2,212$1,753$1,378$1,076$638
22 years$2,614$2,065$1,615$1,253$965$555
23 years$2,474$1,931$1,491$1,141$866$483
24 years$2,345$1,809$1,379$1,041$779$421
25 years$2,228$1,698$1,278$951$701$367
26 years$2,119$1,596$1,185$869$631$320
27 years$2,019$1,502$1,100$795$569$279
28 years$1,926$1,415$1,023$729$513$244
29 years$1,839$1,335$952$668$464$213
30 years$1,759$1,261$887$613$419$186
31 years$1,684$1,192$827$563$379$163
32 years$1,613$1,128$771$518$343$142
33 years$1,547$1,068$720$476$310$125
34 years$1,485$1,012$673$438$281$109
35 years$1,427$960$629$403$254$95
36 years$1,372$911$588$371$230$83
37 years$1,320$865$551$342$209$73
38 years$1,271$823$516$315$189$64
39 years$1,225$782$483$291$172$56
40 years$1,181$744$453$268$156$49
41 years$1,140$708$425$247$141$43
42 years$1,100$675$398$228$128$38
43 years$1,062$643$374$211$116$33
44 years$1,027$613$351$195$106$29
45 years$992$584$329$180$96$25
46 years$960$557$309$166$87$22
47 years$929$532$291$153$79$19
48 years$899$508$273$142$72$17
49 years$871$485$257$131$65$15
50 years$844$463$241$121$59$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $864,000, adding $5,298 every year, while hoping to spend $53,591 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: 84/10/6 Blend
53$864,000$864,000$864,000$864,000
54$957,593$911,801$898,409$1,037,277
55$998,247$899,459$871,485$1,077,731
56$1,041,252$884,716$841,863$1,114,322
57$1,086,790$867,397$809,397$1,152,818
58$1,135,062$847,320$773,931$1,193,374
59$1,186,287$824,287$735,306$1,236,163
60$1,240,703$798,092$693,354$1,281,374
61$1,298,572$768,516$647,899$1,329,215
62$1,360,181$735,327$598,757$1,379,917
63$1,425,842$698,280$545,738$1,433,730
64$1,495,898$657,117$488,641$1,490,934
65$1,570,726$611,561$427,256$1,551,836
66$1,650,737$561,325$361,366$1,616,771
67$1,736,382$506,100$290,742$1,686,113
68$1,828,157$445,563$215,147$1,760,271
69$1,926,606$379,372$134,330$1,839,696
70$2,032,323$307,165$48,034$1,924,888
71$2,145,963$228,559$0$2,016,394
72$2,268,245$143,152$0$2,117,640
73$2,399,956$50,517$0$2,229,938
74$2,541,963$0$0$2,350,964
75$2,695,217$0$0$2,487,028
76$2,860,762$0$0$2,640,022
77$3,039,748$0$0$2,805,450
78$3,233,438$0$0$2,984,480
79$3,443,218$0$0$3,178,397
80$3,670,614$0$0$3,388,613
81$3,917,305$0$0$3,616,680
82$4,185,136$0$0$3,864,306
83$4,476,136$0$0$4,133,370
84$4,792,537$0$0$4,425,939
85$5,136,796$0$0$4,744,284
86$5,511,615$0$0$5,090,909
87$5,919,969$0$0$5,468,564
88$6,365,128$0$0$5,880,279
89$6,850,695$0$0$6,329,387
90$7,380,635$0$0$6,819,558
91$7,959,310$0$0$7,354,831
92$8,591,524$0$0$7,939,651
93$9,282,566$0$0$8,578,914
94$10,038,257$0$0$9,278,009
95$10,865,007$0$0$10,042,868
96$11,769,877$0$0$10,880,026
97$12,760,637$0$0$11,796,676
98$13,845,846$0$0$12,800,742
99$15,034,932$0$0$13,900,948
100$16,338,273$0$0$15,106,903