Can I retire at age 54 with 821,000?

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 $821,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$67,797$67,194$66,604$66,029$65,468$64,569
2 years$33,563$32,938$32,332$31,745$31,175$30,272
3 years$22,153$21,525$20,921$20,339$19,779$18,898
4 years$16,449$15,823$15,225$14,653$14,106$13,256
5 years$13,028$12,406$11,815$11,255$10,723$9,905
6 years$10,748$10,130$9,549$9,001$8,485$7,700
7 years$9,120$8,507$7,935$7,400$6,901$6,149
8 years$7,899$7,292$6,729$6,208$5,725$5,006
9 years$6,950$6,349$5,796$5,288$4,821$4,135
10 years$6,192$5,597$5,053$4,558$4,108$3,455
11 years$5,571$4,982$4,449$3,967$3,533$2,912
12 years$5,055$4,472$3,948$3,479$3,061$2,472
13 years$4,618$4,041$3,527$3,072$2,670$2,110
14 years$4,244$3,673$3,169$2,727$2,340$1,810
15 years$3,920$3,356$2,862$2,432$2,061$1,559
16 years$3,637$3,079$2,594$2,177$1,821$1,347
17 years$3,388$2,835$2,361$1,956$1,615$1,168
18 years$3,166$2,620$2,155$1,763$1,436$1,014
19 years$2,968$2,428$1,973$1,593$1,280$883
20 years$2,790$2,256$1,811$1,443$1,143$770
21 years$2,630$2,102$1,665$1,310$1,023$673
22 years$2,484$1,962$1,535$1,191$917$588
23 years$2,350$1,835$1,417$1,084$823$515
24 years$2,229$1,719$1,311$989$740$451
25 years$2,117$1,613$1,214$903$666$396
26 years$2,014$1,516$1,126$826$600$348
27 years$1,918$1,427$1,045$756$541$305
28 years$1,830$1,345$972$693$488$268
29 years$1,748$1,269$904$635$440$236
30 years$1,671$1,198$842$583$398$208
31 years$1,600$1,133$785$535$360$183
32 years$1,533$1,072$733$492$325$161
33 years$1,470$1,015$684$452$295$142
34 years$1,411$962$639$416$267$125
35 years$1,356$912$598$383$242$110
36 years$1,304$866$559$353$219$97
37 years$1,255$822$523$325$198$85
38 years$1,208$782$490$300$180$75
39 years$1,164$743$459$276$163$66
40 years$1,122$707$430$255$148$59
41 years$1,083$673$404$235$134$52
42 years$1,045$641$379$217$122$46
43 years$1,009$611$355$200$111$40
44 years$975$582$333$185$100$35
45 years$943$555$313$171$91$31
46 years$912$530$294$158$83$28
47 years$883$505$276$146$75$24
48 years$854$482$260$135$68$21
49 years$827$461$244$125$62$19
50 years$802$440$229$115$56$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $821,000, adding $5,350 every year, while hoping to spend $35,253 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: 31/41/28 Blend
53$821,000$821,000$821,000$821,000
54$910,261$866,748$854,022$930,542
55$965,598$871,709$845,123$951,634
56$1,025,399$875,733$834,744$970,862
57$1,090,080$878,734$822,799$990,868
58$1,160,102$880,626$809,196$1,011,742
59$1,235,969$881,313$793,841$1,033,592
60$1,318,238$880,697$776,634$1,056,534
61$1,407,517$878,671$757,471$1,080,701
62$1,504,481$875,122$736,243$1,106,243
63$1,609,866$869,932$712,835$1,133,328
64$1,724,487$862,972$687,129$1,162,146
65$1,849,236$854,110$659,000$1,192,907
66$1,985,100$843,203$628,318$1,225,849
67$2,133,159$830,099$594,946$1,261,237
68$2,294,606$814,639$558,741$1,299,369
69$2,470,753$796,653$519,556$1,340,577
70$2,663,042$775,961$477,234$1,385,232
71$2,873,063$752,375$431,612$1,433,748
72$3,102,567$725,691$382,522$1,486,588
73$3,353,477$695,699$329,785$1,544,266
74$3,627,916$662,172$273,217$1,607,356
75$3,928,217$624,873$212,624$1,676,499
76$4,256,952$583,549$147,804$1,752,405
77$4,616,952$537,933$78,546$1,835,866
78$5,011,335$487,745$4,630$1,927,763
79$5,443,533$432,687$0$2,029,073
80$5,917,328$372,443$0$2,163,069
81$6,436,885$306,682$0$2,311,691
82$7,006,790$235,053$0$2,474,970
83$7,632,096$157,184$0$2,654,474
84$8,318,367$72,683$0$2,851,932
85$9,071,734$0$0$3,069,261
86$9,898,948$0$0$3,317,090
87$10,807,448$0$0$3,625,417
88$11,805,427$0$0$3,964,248
89$12,901,912$0$0$4,336,664
90$14,106,847$0$0$4,746,061
91$15,431,187$0$0$5,196,179
92$16,887,001$0$0$5,691,139
93$18,487,586$0$0$6,235,480
94$20,247,591$0$0$6,834,205
95$22,183,156$0$0$7,492,825
96$24,312,064$0$0$8,217,413
97$26,653,906$0$0$9,014,659
98$29,230,269$0$0$9,891,934
99$32,064,938$0$0$10,857,362
100$35,184,119$0$0$11,919,891