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%17.2%
1 years$71,513$70,876$70,255$69,648$69,056$67,034
2 years$35,403$34,743$34,104$33,485$32,884$30,863
3 years$23,367$22,705$22,068$21,454$20,863$18,906
4 years$17,351$16,691$16,060$15,456$14,880$13,003
5 years$13,742$13,086$12,463$11,872$11,311$9,519
6 years$11,337$10,685$10,072$9,494$8,950$7,244
7 years$9,619$8,974$8,370$7,806$7,279$5,659
8 years$8,332$7,692$7,098$6,548$6,039$4,504
9 years$7,331$6,697$6,114$5,577$5,085$3,635
10 years$6,531$5,903$5,330$4,808$4,333$2,964
11 years$5,877$5,255$4,693$4,184$3,726$2,437
12 years$5,332$4,717$4,165$3,670$3,229$2,017
13 years$4,871$4,263$3,721$3,240$2,816$1,678
14 years$4,477$3,875$3,343$2,876$2,468$1,402
15 years$4,135$3,540$3,018$2,565$2,173$1,175
16 years$3,837$3,248$2,737$2,297$1,921$988
17 years$3,574$2,991$2,490$2,064$1,703$832
18 years$3,340$2,764$2,273$1,860$1,514$703
19 years$3,131$2,561$2,081$1,680$1,350$594
20 years$2,943$2,380$1,910$1,522$1,206$503
21 years$2,774$2,217$1,757$1,381$1,079$427
22 years$2,620$2,070$1,619$1,256$967$362
23 years$2,479$1,936$1,495$1,144$868$308
24 years$2,351$1,814$1,383$1,043$780$261
25 years$2,233$1,702$1,281$953$702$222
26 years$2,124$1,599$1,188$871$632$189
27 years$2,023$1,505$1,103$797$570$161
28 years$1,930$1,418$1,025$731$515$137
29 years$1,843$1,338$954$670$465$117
30 years$1,763$1,264$889$615$420$99
31 years$1,687$1,195$828$565$380$85
32 years$1,617$1,130$773$519$343$72
33 years$1,551$1,070$722$477$311$62
34 years$1,489$1,015$674$439$281$53
35 years$1,430$962$630$404$255$45
36 years$1,375$913$590$372$231$38
37 years$1,323$867$552$343$209$33
38 years$1,274$824$517$316$190$28
39 years$1,228$784$484$291$172$24
40 years$1,184$746$454$269$156$20
41 years$1,142$710$426$248$142$17
42 years$1,103$676$399$229$128$15
43 years$1,065$644$375$211$117$13
44 years$1,029$614$352$195$106$11
45 years$995$586$330$180$96$9
46 years$962$559$310$166$87$8
47 years$931$533$291$154$79$7
48 years$901$509$274$142$72$6
49 years$873$486$257$131$65$5
50 years$846$464$242$121$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $866,000, adding $6,493 every year, while hoping to spend $25,864 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: 48/26/26 Blend
53$866,000$866,000$866,000$866,000
54$961,030$915,132$901,709$999,766
55$1,031,535$932,454$904,397$1,044,917
56$1,108,366$949,758$906,308$1,090,851
57$1,192,139$967,016$907,389$1,140,224
58$1,283,535$984,198$907,584$1,193,372
59$1,383,302$1,001,269$906,835$1,250,667
60$1,492,264$1,018,197$905,078$1,312,517
61$1,611,327$1,034,941$902,251$1,379,375
62$1,741,491$1,051,461$898,285$1,451,740
63$1,883,854$1,067,714$893,109$1,530,163
64$2,039,628$1,083,653$886,649$1,615,250
65$2,210,144$1,099,226$878,826$1,707,672
66$2,396,872$1,114,381$869,559$1,808,170
67$2,601,426$1,129,059$858,762$1,917,559
68$2,825,587$1,143,198$846,346$2,036,740
69$3,071,315$1,156,733$832,217$2,166,706
70$3,340,769$1,169,593$816,276$2,308,555
71$3,636,327$1,181,702$798,421$2,463,495
72$3,960,608$1,192,982$778,544$2,632,862
73$4,316,497$1,203,345$756,533$2,818,129
74$4,707,172$1,212,701$732,269$3,020,919
75$5,136,133$1,220,953$705,629$3,243,024
76$5,607,236$1,227,997$676,486$3,486,423
77$6,124,730$1,233,724$644,703$3,753,295
78$6,693,292$1,238,017$610,141$4,046,046
79$7,318,079$1,240,751$572,651$4,367,329
80$8,004,769$1,241,794$532,081$4,720,073
81$8,759,620$1,241,006$488,270$5,107,503
82$9,589,524$1,238,238$441,050$5,533,182
83$10,502,075$1,233,331$390,245$6,001,036
84$11,505,640$1,226,118$335,672$6,515,396
85$12,609,439$1,216,421$277,140$7,081,039
86$13,823,627$1,204,051$214,449$7,703,231
87$15,159,395$1,188,808$147,392$8,387,782
88$16,629,073$1,170,479$75,749$9,141,097
89$18,246,245$1,148,839$0$9,970,240
90$20,025,881$1,123,651$0$10,883,197
91$21,984,473$1,094,662$0$11,910,798
92$24,140,194$1,061,605$0$13,041,548
93$26,513,067$1,024,198$0$14,285,959
94$29,125,157$982,140$0$15,655,620
95$32,000,774$935,116$0$17,163,305
96$35,166,707$882,791$0$18,823,092
97$38,652,474$824,810$0$20,650,496
98$42,490,600$760,799$0$22,662,620
99$46,716,925$690,362$0$24,878,314
100$51,370,942$613,081$0$27,318,352