Can I retire at age 54 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$67,963$67,357$66,767$66,190$65,627$63,526
2 years$33,645$33,018$32,411$31,822$31,251$29,154
3 years$22,207$21,578$20,972$20,389$19,827$17,799
4 years$16,489$15,862$15,262$14,689$14,141$12,198
5 years$13,060$12,436$11,844$11,283$10,750$8,897
6 years$10,774$10,155$9,572$9,023$8,506$6,745
7 years$9,142$8,528$7,954$7,418$6,917$5,248
8 years$7,918$7,310$6,746$6,223$5,739$4,160
9 years$6,967$6,365$5,810$5,300$4,833$3,343
10 years$6,207$5,610$5,065$4,569$4,118$2,714
11 years$5,585$4,994$4,460$3,976$3,541$2,222
12 years$5,067$4,483$3,958$3,488$3,069$1,830
13 years$4,629$4,051$3,536$3,079$2,676$1,515
14 years$4,255$3,682$3,177$2,733$2,346$1,260
15 years$3,930$3,364$2,868$2,438$2,066$1,051
16 years$3,646$3,086$2,601$2,183$1,826$879
17 years$3,396$2,842$2,367$1,961$1,619$737
18 years$3,174$2,626$2,160$1,767$1,439$619
19 years$2,976$2,434$1,978$1,597$1,283$521
20 years$2,797$2,262$1,815$1,446$1,146$438
21 years$2,636$2,107$1,669$1,313$1,025$370
22 years$2,490$1,967$1,539$1,194$919$312
23 years$2,356$1,839$1,421$1,087$825$264
24 years$2,234$1,723$1,314$991$742$223
25 years$2,122$1,617$1,217$905$667$188
26 years$2,018$1,520$1,129$828$601$159
27 years$1,923$1,431$1,048$758$542$135
28 years$1,834$1,348$974$694$489$114
29 years$1,752$1,272$907$637$442$97
30 years$1,675$1,201$845$584$399$82
31 years$1,604$1,135$787$537$361$69
32 years$1,537$1,074$735$493$326$59
33 years$1,474$1,017$686$454$295$50
34 years$1,415$964$641$417$267$42
35 years$1,359$915$599$384$242$36
36 years$1,307$868$560$354$219$30
37 years$1,258$824$525$326$199$26
38 years$1,211$783$491$300$180$22
39 years$1,167$745$460$277$163$19
40 years$1,125$709$431$256$148$16
41 years$1,085$675$405$236$135$13
42 years$1,048$643$379$218$122$11
43 years$1,012$612$356$201$111$10
44 years$978$584$334$185$101$8
45 years$945$557$314$171$91$7
46 years$914$531$295$158$83$6
47 years$885$507$277$146$75$5
48 years$856$484$260$135$68$4
49 years$829$462$245$125$62$4
50 years$804$441$230$115$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $823,000, adding $3,498 every year, while hoping to spend $32,909 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: 59/11/30 Blend
53$823,000$823,000$823,000$823,000
54$910,554$866,935$854,179$956,625
55$968,416$874,400$847,779$996,043
56$1,031,076$881,128$840,061$1,035,251
57$1,098,990$887,047$830,948$1,077,351
58$1,172,658$892,084$820,356$1,122,634
59$1,252,630$896,156$808,198$1,171,422
60$1,339,510$899,179$794,384$1,224,070
61$1,433,963$901,063$778,820$1,280,970
62$1,536,723$901,710$761,405$1,342,558
63$1,648,593$901,019$742,037$1,409,313
64$1,770,461$898,880$720,606$1,481,764
65$1,903,301$895,178$697,000$1,560,498
66$2,048,187$889,791$671,098$1,646,161
67$2,206,300$882,588$642,778$1,739,469
68$2,378,939$873,432$611,908$1,841,209
69$2,567,538$862,177$578,354$1,952,255
70$2,773,671$848,668$541,973$2,073,568
71$2,999,073$832,740$502,616$2,206,212
72$3,245,654$814,220$460,130$2,351,362
73$3,515,519$792,925$414,352$2,510,313
74$3,810,981$768,658$365,112$2,684,495
75$4,134,593$741,213$312,235$2,875,490
76$4,489,162$710,373$255,536$3,085,041
77$4,877,781$675,907$194,821$3,315,072
78$5,303,858$637,569$129,890$3,567,708
79$5,771,143$595,102$60,534$3,845,293
80$6,283,770$548,232$0$4,150,416
81$6,846,290$496,671$0$4,490,247
82$7,463,716$440,112$0$4,884,579
83$8,141,572$378,235$0$5,317,570
84$8,885,941$310,696$0$5,793,134
85$9,703,524$237,137$0$6,315,587
86$10,601,703$157,177$0$6,889,683
87$11,588,613$70,414$0$7,520,664
88$12,673,211$0$0$8,214,305
89$13,865,369$0$0$8,979,825
90$15,175,961$0$0$9,830,839
91$16,616,968$0$0$10,766,610
92$18,201,589$0$0$11,795,720
93$19,944,366$0$0$12,927,624
94$21,861,322$0$0$14,172,737
95$23,970,111$0$0$15,542,536
96$26,290,183$0$0$17,049,666
97$28,842,968$0$0$18,708,060
98$31,652,080$0$0$20,533,068
99$34,743,536$0$0$22,541,607
100$38,146,003$0$0$24,752,313