Can I retire at age 54 with 822,000?

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 $822,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$67,880$67,275$66,685$66,110$65,547$64,998
2 years$33,604$32,978$32,372$31,783$31,213$30,660
3 years$22,180$21,552$20,947$20,364$19,803$19,262
4 years$16,469$15,843$15,244$14,671$14,124$13,600
5 years$13,044$12,421$11,830$11,269$10,737$10,231
6 years$10,761$10,143$9,560$9,012$8,495$8,009
7 years$9,131$8,518$7,945$7,409$6,909$6,442
8 years$7,909$7,301$6,738$6,215$5,732$5,285
9 years$6,959$6,357$5,803$5,294$4,827$4,399
10 years$6,199$5,603$5,059$4,564$4,113$3,704
11 years$5,578$4,988$4,454$3,972$3,537$3,147
12 years$5,061$4,477$3,953$3,484$3,065$2,693
13 years$4,624$4,046$3,532$3,076$2,673$2,319
14 years$4,249$3,678$3,173$2,730$2,343$2,007
15 years$3,925$3,360$2,865$2,435$2,063$1,744
16 years$3,642$3,083$2,598$2,180$1,823$1,520
17 years$3,392$2,839$2,364$1,959$1,617$1,330
18 years$3,170$2,623$2,158$1,765$1,437$1,166
19 years$2,972$2,431$1,975$1,595$1,281$1,025
20 years$2,794$2,259$1,813$1,445$1,144$902
21 years$2,633$2,104$1,667$1,311$1,024$796
22 years$2,487$1,964$1,537$1,192$918$703
23 years$2,353$1,837$1,419$1,086$824$621
24 years$2,231$1,721$1,312$990$741$550
25 years$2,119$1,615$1,215$904$666$487
26 years$2,016$1,518$1,127$827$600$432
27 years$1,921$1,429$1,047$757$541$384
28 years$1,832$1,346$973$693$488$341
29 years$1,750$1,270$906$636$441$303
30 years$1,673$1,200$843$584$398$269
31 years$1,602$1,134$786$536$360$240
32 years$1,535$1,073$734$493$326$213
33 years$1,472$1,016$685$453$295$190
34 years$1,413$963$640$417$267$169
35 years$1,358$913$598$384$242$151
36 years$1,306$867$560$353$219$134
37 years$1,256$823$524$326$199$120
38 years$1,210$783$491$300$180$107
39 years$1,166$744$460$277$163$95
40 years$1,124$708$431$255$148$85
41 years$1,084$674$404$235$134$76
42 years$1,047$642$379$217$122$67
43 years$1,011$612$356$201$111$60
44 years$977$583$334$185$100$54
45 years$944$556$313$171$91$48
46 years$913$530$294$158$83$43
47 years$884$506$277$146$75$38
48 years$855$483$260$135$68$34
49 years$828$461$244$125$62$30
50 years$803$441$230$115$56$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $822,000, adding $4,997 every year, while hoping to spend $46,431 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: 33/40/27 Blend
53$822,000$822,000$822,000$822,000
54$910,998$867,432$854,691$933,445
55$954,518$860,534$833,921$943,980
56$1,000,920$851,742$810,899$950,838
57$1,050,451$840,914$785,501$957,319
58$1,103,377$827,899$757,596$963,422
59$1,159,995$812,539$727,048$969,149
60$1,220,625$794,665$693,715$974,506
61$1,285,623$774,097$657,448$979,506
62$1,355,376$750,647$618,092$984,167
63$1,430,310$724,115$575,484$988,516
64$1,510,893$694,288$529,455$992,585
65$1,597,638$660,942$479,826$996,419
66$1,691,110$623,841$426,412$1,000,070
67$1,791,926$582,733$369,020$1,003,606
68$1,900,769$537,352$307,448$1,007,105
69$2,018,384$487,419$241,484$1,010,663
70$2,145,593$432,637$170,908$1,014,393
71$2,283,300$372,692$95,490$1,018,428
72$2,432,497$307,255$14,990$1,022,924
73$2,594,276$235,974$0$1,028,059
74$2,769,836$158,481$0$1,054,475
75$2,960,498$74,386$0$1,087,917
76$3,167,714$0$0$1,124,417
77$3,393,082$0$0$1,171,733
78$3,638,358$0$0$1,258,971
79$3,905,477$0$0$1,354,090
80$4,196,566$0$0$1,457,863
81$4,513,966$0$0$1,571,139
82$4,860,257$0$0$1,694,853
83$5,238,274$0$0$1,830,035
84$5,651,140$0$0$1,977,818
85$6,102,293$0$0$2,139,450
86$6,595,518$0$0$2,316,305
87$7,134,981$0$0$2,509,897
88$7,725,272$0$0$2,721,890
89$8,371,442$0$0$2,954,121
90$9,079,054$0$0$3,208,608
91$9,854,235$0$0$3,487,579
92$10,703,732$0$0$3,793,482
93$11,634,975$0$0$4,129,018
94$12,656,147$0$0$4,497,160
95$13,776,263$0$0$4,901,182
96$15,005,251$0$0$5,344,692
97$16,354,045$0$0$5,831,663
98$17,834,691$0$0$6,366,471
99$19,460,458$0$0$6,953,940
100$21,245,962$0$0$7,599,380