Can I retire at age 54 with 824,000?

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 $824,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$68,045$67,439$66,848$66,271$65,707$63,629
2 years$33,686$33,058$32,450$31,861$31,289$29,214
3 years$22,234$21,604$20,998$20,414$19,851$17,845
4 years$16,509$15,881$15,281$14,707$14,158$12,235
5 years$13,075$12,451$11,859$11,296$10,763$8,929
6 years$10,787$10,167$9,583$9,034$8,516$6,773
7 years$9,153$8,538$7,964$7,427$6,926$5,273
8 years$7,928$7,319$6,754$6,230$5,746$4,182
9 years$6,976$6,373$5,817$5,307$4,839$3,363
10 years$6,214$5,617$5,072$4,575$4,123$2,732
11 years$5,592$5,001$4,465$3,981$3,546$2,238
12 years$5,073$4,488$3,963$3,492$3,073$1,844
13 years$4,635$4,056$3,540$3,083$2,679$1,528
14 years$4,260$3,687$3,181$2,737$2,349$1,271
15 years$3,935$3,368$2,872$2,441$2,068$1,061
16 years$3,651$3,090$2,604$2,185$1,828$888
17 years$3,400$2,846$2,369$1,964$1,621$745
18 years$3,178$2,630$2,163$1,770$1,441$626
19 years$2,979$2,437$1,980$1,599$1,284$527
20 years$2,801$2,265$1,817$1,448$1,147$445
21 years$2,639$2,110$1,671$1,314$1,027$375
22 years$2,493$1,969$1,541$1,195$920$317
23 years$2,359$1,842$1,422$1,088$826$268
24 years$2,237$1,726$1,315$993$742$227
25 years$2,124$1,619$1,218$906$668$192
26 years$2,021$1,522$1,130$829$602$162
27 years$1,925$1,432$1,049$759$543$138
28 years$1,837$1,350$975$695$490$117
29 years$1,754$1,273$908$637$442$99
30 years$1,677$1,202$846$585$399$84
31 years$1,606$1,137$788$537$361$71
32 years$1,539$1,076$735$494$327$60
33 years$1,476$1,019$687$454$296$51
34 years$1,417$965$642$418$268$43
35 years$1,361$916$600$385$242$37
36 years$1,309$869$561$354$220$31
37 years$1,259$825$525$326$199$26
38 years$1,213$784$492$301$180$22
39 years$1,168$746$461$277$164$19
40 years$1,127$710$432$256$148$16
41 years$1,087$676$405$236$135$14
42 years$1,049$643$380$218$122$12
43 years$1,013$613$357$201$111$10
44 years$979$584$335$186$101$8
45 years$946$557$314$171$91$7
46 years$915$532$295$158$83$6
47 years$886$507$277$146$75$5
48 years$857$484$261$135$68$4
49 years$830$462$245$125$62$4
50 years$805$442$230$116$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $824,000, adding $6,009 every year, while hoping to spend $55,472 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: 84/6/10 Blend
53$824,000$824,000$824,000$824,000
54$914,246$870,574$857,802$989,177
55$948,478$854,211$827,517$1,022,703
56$984,341$835,186$794,358$1,051,448
57$1,021,945$813,311$758,170$1,081,317
58$1,061,407$788,387$718,792$1,112,389
59$1,102,853$760,200$676,054$1,144,752
60$1,146,422$728,528$629,780$1,178,500
61$1,192,264$693,133$579,784$1,213,740
62$1,240,542$653,764$525,874$1,250,587
63$1,291,435$610,156$467,849$1,289,168
64$1,345,136$562,028$405,496$1,329,624
65$1,401,857$509,084$338,597$1,372,109
66$1,461,828$451,011$266,922$1,416,793
67$1,525,301$387,477$190,231$1,463,865
68$1,592,551$318,133$108,272$1,513,530
69$1,663,878$242,608$20,786$1,566,017
70$1,739,611$160,513$0$1,621,576
71$1,820,107$71,434$0$1,688,230
72$1,905,760$0$0$1,761,409
73$1,997,001$0$0$1,840,918
74$2,094,298$0$0$1,930,742
75$2,198,168$0$0$2,026,644
76$2,309,176$0$0$2,129,145
77$2,427,941$0$0$2,238,818
78$2,555,142$0$0$2,356,292
79$2,691,523$0$0$2,482,255
80$2,837,901$0$0$2,617,463
81$2,995,173$0$0$2,762,747
82$3,164,322$0$0$2,919,015
83$3,346,429$0$0$3,087,269
84$3,542,681$0$0$3,268,606
85$3,754,380$0$0$3,464,232
86$3,982,958$0$0$3,675,472
87$4,229,989$0$0$3,903,782
88$4,497,201$0$0$4,150,762
89$4,786,495$0$0$4,418,171
90$5,099,960$0$0$4,707,943
91$5,439,894$0$0$5,022,204
92$5,808,822$0$0$5,363,292
93$6,209,525$0$0$5,733,778
94$6,645,057$0$0$6,136,493
95$7,118,782$0$0$6,574,547
96$7,634,398$0$0$7,051,365
97$8,195,977$0$0$7,570,715
98$8,807,997$0$0$8,136,741
99$9,475,387$0$0$8,754,007
100$10,203,575$0$0$9,427,535