Can I retire at age 54 with 867,000?

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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$71,596$70,958$70,336$69,729$69,136$68,357
2 years$35,444$34,783$34,144$33,523$32,922$32,138
3 years$23,394$22,731$22,093$21,479$20,887$20,122
4 years$17,371$16,710$16,078$15,474$14,897$14,157
5 years$13,758$13,101$12,477$11,886$11,324$10,611
6 years$11,350$10,698$10,084$9,505$8,961$8,276
7 years$9,631$8,984$8,379$7,815$7,287$6,631
8 years$8,342$7,701$7,106$6,556$6,046$5,417
9 years$7,340$6,705$6,121$5,584$5,091$4,491
10 years$6,539$5,910$5,336$4,813$4,338$3,765
11 years$5,884$5,261$4,698$4,189$3,731$3,185
12 years$5,338$4,722$4,169$3,674$3,233$2,714
13 years$4,877$4,268$3,725$3,244$2,819$2,326
14 years$4,482$3,879$3,347$2,880$2,471$2,004
15 years$4,140$3,544$3,022$2,568$2,176$1,733
16 years$3,841$3,251$2,740$2,299$1,923$1,504
17 years$3,578$2,994$2,493$2,066$1,705$1,309
18 years$3,344$2,767$2,276$1,862$1,516$1,142
19 years$3,135$2,564$2,083$1,682$1,351$998
20 years$2,947$2,383$1,912$1,524$1,207$875
21 years$2,777$2,220$1,759$1,383$1,080$767
22 years$2,623$2,072$1,621$1,257$968$674
23 years$2,482$1,938$1,497$1,145$869$593
24 years$2,353$1,816$1,384$1,044$781$522
25 years$2,235$1,704$1,282$954$703$460
26 years$2,126$1,601$1,189$872$633$406
27 years$2,026$1,507$1,104$798$571$358
28 years$1,932$1,420$1,026$731$515$316
29 years$1,846$1,340$955$671$465$280
30 years$1,765$1,265$890$616$420$247
31 years$1,689$1,196$829$565$380$219
32 years$1,619$1,132$774$520$344$193
33 years$1,553$1,072$723$478$311$171
34 years$1,491$1,016$675$440$282$152
35 years$1,432$963$631$405$255$134
36 years$1,377$914$590$373$231$119
37 years$1,325$868$553$343$209$105
38 years$1,276$825$518$316$190$93
39 years$1,229$785$485$292$172$83
40 years$1,185$747$454$269$156$73
41 years$1,144$711$426$248$142$65
42 years$1,104$677$400$229$129$58
43 years$1,066$645$375$212$117$51
44 years$1,030$615$352$195$106$45
45 years$996$586$331$180$96$40
46 years$963$559$311$167$87$36
47 years$932$534$292$154$79$32
48 years$902$510$274$142$72$28
49 years$874$487$258$131$65$25
50 years$846$465$242$122$59$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $867,000, adding $6,169 every year, while hoping to spend $24,989 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: 63/23/14 Blend
53$867,000$867,000$867,000$867,000
54$961,797$915,846$902,408$1,018,763
55$1,033,313$934,135$906,050$1,075,996
56$1,111,285$952,482$908,977$1,135,046
57$1,196,346$970,864$911,139$1,198,918
58$1,289,193$989,255$912,481$1,268,081
59$1,390,591$1,007,629$912,949$1,343,052
60$1,501,383$1,025,955$912,485$1,424,401
61$1,622,498$1,044,201$911,027$1,512,756
62$1,754,958$1,062,332$908,512$1,608,809
63$1,899,888$1,080,311$904,872$1,713,323
64$2,058,528$1,098,097$900,036$1,827,138
65$2,232,242$1,115,648$893,931$1,951,180
66$2,422,533$1,132,916$886,480$2,086,471
67$2,631,055$1,149,853$877,601$2,234,136
68$2,859,632$1,166,405$867,210$2,395,415
69$3,110,269$1,182,514$855,216$2,571,675
70$3,385,179$1,198,120$841,529$2,764,422
71$3,686,796$1,213,156$826,049$2,975,318
72$4,017,803$1,227,554$808,674$3,206,192
73$4,381,153$1,241,238$789,299$3,459,064
74$4,780,101$1,254,130$767,811$3,736,156
75$5,218,232$1,266,143$744,094$4,039,921
76$5,699,495$1,277,187$718,024$4,373,060
77$6,228,240$1,287,166$689,475$4,738,553
78$6,809,261$1,295,977$658,312$5,139,682
79$7,447,836$1,303,511$624,397$5,580,067
80$8,149,783$1,309,651$587,582$6,063,697
81$8,921,511$1,314,273$547,715$6,594,969
82$9,770,078$1,317,246$504,637$7,178,730
83$10,703,264$1,318,429$458,181$7,820,323
84$11,729,640$1,317,675$408,172$8,525,637
85$12,858,647$1,314,825$354,430$9,301,163
86$14,100,689$1,309,712$296,763$10,154,056
87$15,467,229$1,302,157$234,975$11,092,203
88$16,970,897$1,291,973$168,856$12,124,296
89$18,625,608$1,278,959$98,193$13,259,919
90$20,446,695$1,262,903$22,757$14,509,631
91$22,451,054$1,243,581$0$15,885,075
92$24,657,299$1,220,754$0$17,407,708
93$27,085,942$1,194,171$0$19,087,234
94$29,759,586$1,163,562$0$20,935,877
95$32,703,134$1,128,647$0$22,970,860
96$35,944,028$1,089,125$0$25,211,161
97$39,512,506$1,044,680$0$27,677,696
98$43,441,888$994,975$0$30,393,518
99$47,768,889$939,657$0$33,384,030
100$52,533,965$878,350$0$36,677,229