Can I retire at age 54 with 866,000?

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 $866,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$71,513$70,876$70,255$69,648$69,056$67,332
2 years$35,403$34,743$34,104$33,485$32,884$31,158
3 years$23,367$22,705$22,068$21,454$20,863$19,189
4 years$17,351$16,691$16,060$15,456$14,880$13,270
5 years$13,742$13,086$12,463$11,872$11,311$9,771
6 years$11,337$10,685$10,072$9,494$8,950$7,481
7 years$9,619$8,974$8,370$7,806$7,279$5,881
8 years$8,332$7,692$7,098$6,548$6,039$4,711
9 years$7,331$6,697$6,114$5,577$5,085$3,827
10 years$6,531$5,903$5,330$4,808$4,333$3,143
11 years$5,877$5,255$4,693$4,184$3,726$2,602
12 years$5,332$4,717$4,165$3,670$3,229$2,169
13 years$4,871$4,263$3,721$3,240$2,816$1,818
14 years$4,477$3,875$3,343$2,876$2,468$1,530
15 years$4,135$3,540$3,018$2,565$2,173$1,293
16 years$3,837$3,248$2,737$2,297$1,921$1,095
17 years$3,574$2,991$2,490$2,064$1,703$930
18 years$3,340$2,764$2,273$1,860$1,514$792
19 years$3,131$2,561$2,081$1,680$1,350$675
20 years$2,943$2,380$1,910$1,522$1,206$577
21 years$2,774$2,217$1,757$1,381$1,079$493
22 years$2,620$2,070$1,619$1,256$967$422
23 years$2,479$1,936$1,495$1,144$868$362
24 years$2,351$1,814$1,383$1,043$780$310
25 years$2,233$1,702$1,281$953$702$266
26 years$2,124$1,599$1,188$871$632$228
27 years$2,023$1,505$1,103$797$570$196
28 years$1,930$1,418$1,025$731$515$168
29 years$1,843$1,338$954$670$465$145
30 years$1,763$1,264$889$615$420$124
31 years$1,687$1,195$828$565$380$107
32 years$1,617$1,130$773$519$343$92
33 years$1,551$1,070$722$477$311$79
34 years$1,489$1,015$674$439$281$68
35 years$1,430$962$630$404$255$59
36 years$1,375$913$590$372$231$50
37 years$1,323$867$552$343$209$43
38 years$1,274$824$517$316$190$37
39 years$1,228$784$484$291$172$32
40 years$1,184$746$454$269$156$28
41 years$1,142$710$426$248$142$24
42 years$1,103$676$399$229$128$21
43 years$1,065$644$375$211$117$18
44 years$1,029$614$352$195$106$15
45 years$995$586$330$180$96$13
46 years$962$559$310$166$87$11
47 years$931$533$291$154$79$10
48 years$901$509$274$142$72$8
49 years$873$486$257$131$65$7
50 years$846$464$242$121$59$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $866,000, adding $6,730 every year, while hoping to spend $52,449 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: 71/15/14 Blend
53$866,000$866,000$866,000$866,000
54$961,274$915,376$901,953$1,026,072
55$1,003,519$904,424$876,363$1,058,998
56$1,048,314$891,178$848,158$1,088,031
57$1,095,866$875,469$817,195$1,118,437
58$1,146,397$857,120$783,324$1,150,344
59$1,200,154$835,943$746,389$1,183,891
60$1,257,404$811,738$706,227$1,219,233
61$1,318,440$784,294$662,667$1,256,541
62$1,383,584$753,389$615,530$1,296,007
63$1,453,190$718,784$564,630$1,337,842
64$1,527,642$680,231$509,772$1,382,282
65$1,607,364$637,466$450,752$1,429,586
66$1,692,821$590,207$387,358$1,480,043
67$1,784,522$538,161$319,368$1,533,973
68$1,883,026$481,014$246,550$1,591,732
69$1,988,947$418,435$168,661$1,653,713
70$2,102,958$350,077$85,450$1,720,350
71$2,225,799$275,570$0$1,792,128
72$2,358,283$194,525$0$1,870,081
73$2,501,301$106,530$0$1,967,957
74$2,655,835$11,152$0$2,073,674
75$2,822,963$0$0$2,188,006
76$3,003,870$0$0$2,326,999
77$3,199,857$0$0$2,479,610
78$3,412,357$0$0$2,645,117
79$3,642,945$0$0$2,824,753
80$3,893,352$0$0$3,019,871
81$4,165,484$0$0$3,231,962
82$4,461,436$0$0$3,462,664
83$4,783,513$0$0$3,713,781
84$5,134,254$0$0$3,987,296
85$5,516,449$0$0$4,285,393
86$5,933,171$0$0$4,610,475
87$6,387,801$0$0$4,965,186
88$6,884,061$0$0$5,352,437
89$7,426,047$0$0$5,775,434
90$8,018,270$0$0$6,237,703
91$8,665,695$0$0$6,743,129
92$9,373,788$0$0$7,295,987
93$10,148,569$0$0$7,900,987
94$10,996,666$0$0$8,563,311
95$11,925,376$0$0$9,288,670
96$12,942,736$0$0$10,083,351
97$14,057,598$0$0$10,954,277
98$15,279,708$0$0$11,909,074
99$16,619,804$0$0$12,956,140
100$18,089,708$0$0$14,104,725