Can I retire at age 54 with 865,000?

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 $865,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$71,431$70,795$70,174$69,568$68,976$68,599
2 years$35,362$34,703$34,065$33,446$32,846$32,465
3 years$23,340$22,679$22,042$21,429$20,839$20,467
4 years$17,331$16,671$16,041$15,439$14,862$14,501
5 years$13,726$13,071$12,449$11,858$11,298$10,949
6 years$11,324$10,673$10,060$9,483$8,940$8,604
7 years$9,608$8,963$8,360$7,797$7,270$6,947
8 years$8,322$7,683$7,090$6,540$6,032$5,721
9 years$7,323$6,690$6,107$5,571$5,079$4,782
10 years$6,524$5,897$5,324$4,802$4,328$4,043
11 years$5,870$5,249$4,687$4,179$3,722$3,450
12 years$5,326$4,712$4,160$3,666$3,226$2,966
13 years$4,866$4,258$3,716$3,236$2,813$2,565
14 years$4,472$3,870$3,339$2,873$2,466$2,230
15 years$4,131$3,536$3,015$2,562$2,171$1,947
16 years$3,832$3,244$2,733$2,294$1,919$1,705
17 years$3,569$2,987$2,487$2,061$1,701$1,499
18 years$3,336$2,761$2,271$1,858$1,513$1,321
19 years$3,127$2,558$2,079$1,679$1,348$1,166
20 years$2,940$2,377$1,908$1,520$1,204$1,032
21 years$2,770$2,214$1,755$1,380$1,078$915
22 years$2,617$2,067$1,617$1,254$966$812
23 years$2,476$1,933$1,493$1,142$867$722
24 years$2,348$1,811$1,381$1,042$779$643
25 years$2,230$1,700$1,279$952$701$573
26 years$2,121$1,598$1,186$870$632$511
27 years$2,021$1,504$1,102$796$570$456
28 years$1,928$1,417$1,024$730$514$407
29 years$1,841$1,337$953$669$464$364
30 years$1,761$1,262$888$614$419$325
31 years$1,686$1,193$828$564$379$291
32 years$1,615$1,129$772$518$343$261
33 years$1,549$1,069$721$477$310$233
34 years$1,487$1,013$674$439$281$209
35 years$1,429$961$630$404$255$187
36 years$1,374$912$589$372$231$168
37 years$1,322$866$551$343$209$150
38 years$1,273$823$516$316$189$135
39 years$1,227$783$484$291$172$121
40 years$1,183$745$453$269$156$109
41 years$1,141$709$425$248$141$97
42 years$1,101$675$399$229$128$87
43 years$1,064$644$374$211$116$78
44 years$1,028$613$351$195$106$70
45 years$994$585$330$180$96$63
46 years$961$558$310$166$87$57
47 years$930$533$291$154$79$51
48 years$900$508$274$142$72$46
49 years$872$485$257$131$65$41
50 years$845$464$242$121$59$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $865,000, adding $5,193 every year, while hoping to spend $52,093 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: 46/40/14 Blend
53$865,000$865,000$865,000$865,000
54$958,587$912,742$899,334$998,656
55$1,000,936$902,039$874,035$1,016,301
56$1,045,859$889,067$846,143$1,029,719
57$1,093,563$873,658$815,515$1,043,132
58$1,144,275$855,636$782,004$1,056,561
59$1,198,244$834,815$745,454$1,070,030
60$1,255,741$810,997$705,703$1,083,572
61$1,317,064$783,973$662,581$1,097,224
62$1,382,539$753,522$615,912$1,111,035
63$1,452,523$719,410$565,510$1,125,060
64$1,527,408$681,388$511,182$1,139,365
65$1,607,623$639,196$452,726$1,154,030
66$1,693,640$592,555$389,931$1,169,147
67$1,785,974$541,173$322,577$1,184,822
68$1,885,193$484,740$250,433$1,201,181
69$1,991,919$422,929$173,259$1,218,367
70$2,106,836$355,395$90,805$1,236,545
71$2,230,695$281,770$2,808$1,255,904
72$2,364,320$201,671$0$1,276,662
73$2,508,616$114,688$0$1,312,673
74$2,664,579$20,392$0$1,351,943
75$2,833,303$0$0$1,394,416
76$3,015,991$0$0$1,476,447
77$3,213,964$0$0$1,575,152
78$3,428,676$0$0$1,682,291
79$3,661,725$0$0$1,798,671
80$3,914,871$0$0$1,925,184
81$4,190,046$0$0$2,062,806
82$4,489,378$0$0$2,212,616
83$4,815,209$0$0$2,375,797
84$5,170,114$0$0$2,553,653
85$5,556,927$0$0$2,747,621
86$5,978,768$0$0$2,959,278
87$6,439,071$0$0$3,190,363
88$6,941,614$0$0$3,442,789
89$7,490,558$0$0$3,718,664
90$8,090,483$0$0$4,020,307
91$8,746,430$0$0$4,350,271
92$9,463,952$0$0$4,711,368
93$10,249,160$0$0$5,106,694
94$11,108,787$0$0$5,539,658
95$12,050,242$0$0$6,014,015
96$13,081,690$0$0$6,533,900
97$14,212,119$0$0$7,103,866
98$15,451,428$0$0$7,728,930
99$16,810,521$0$0$8,414,615
100$18,301,408$0$0$9,167,005