Can I retire at age 54 with 827,000?

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 $827,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$68,293$67,685$67,091$66,512$65,946$65,668
2 years$33,808$33,179$32,568$31,977$31,403$31,122
3 years$22,315$21,683$21,074$20,488$19,923$19,649
4 years$16,569$15,939$15,336$14,760$14,209$13,943
5 years$13,123$12,496$11,902$11,337$10,802$10,544
6 years$10,826$10,204$9,618$9,067$8,547$8,299
7 years$9,186$8,570$7,993$7,454$6,951$6,712
8 years$7,957$7,346$6,779$6,253$5,767$5,537
9 years$7,001$6,396$5,838$5,326$4,856$4,636
10 years$6,237$5,638$5,090$4,591$4,138$3,927
11 years$5,612$5,019$4,481$3,996$3,559$3,357
12 years$5,092$4,505$3,977$3,505$3,084$2,891
13 years$4,652$4,071$3,553$3,094$2,689$2,505
14 years$4,275$3,700$3,193$2,747$2,357$2,182
15 years$3,949$3,380$2,882$2,450$2,076$1,909
16 years$3,664$3,101$2,613$2,193$1,834$1,676
17 years$3,413$2,856$2,378$1,971$1,627$1,476
18 years$3,189$2,639$2,171$1,776$1,446$1,303
19 years$2,990$2,446$1,987$1,605$1,289$1,153
20 years$2,811$2,273$1,824$1,453$1,151$1,023
21 years$2,649$2,117$1,678$1,319$1,030$909
22 years$2,502$1,976$1,546$1,199$924$809
23 years$2,368$1,848$1,428$1,092$829$720
24 years$2,245$1,732$1,320$996$745$643
25 years$2,132$1,625$1,223$910$671$574
26 years$2,028$1,527$1,134$832$604$513
27 years$1,932$1,438$1,053$761$545$459
28 years$1,843$1,355$979$698$491$411
29 years$1,760$1,278$911$640$444$368
30 years$1,683$1,207$849$587$401$330
31 years$1,611$1,141$791$539$362$296
32 years$1,544$1,079$738$496$328$266
33 years$1,481$1,022$689$456$297$238
34 years$1,422$969$644$419$269$214
35 years$1,366$919$602$386$243$192
36 years$1,313$872$563$355$220$173
37 years$1,264$828$527$328$200$155
38 years$1,217$787$494$302$181$140
39 years$1,173$749$463$278$164$125
40 years$1,131$712$434$257$149$113
41 years$1,091$678$406$237$135$102
42 years$1,053$646$381$219$123$91
43 years$1,017$615$358$202$111$82
44 years$983$586$336$186$101$74
45 years$950$559$315$172$92$67
46 years$919$533$296$159$83$60
47 years$889$509$278$147$76$54
48 years$861$486$261$136$69$49
49 years$833$464$246$125$62$44
50 years$807$443$231$116$57$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $827,000, adding $4,999 every year, while hoping to spend $31,704 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: 60/27/13 Blend
53$827,000$827,000$827,000$827,000
54$916,510$872,679$859,861$968,286
55$976,262$881,708$854,934$1,012,753
56$1,041,045$890,116$848,778$1,057,226
57$1,111,340$897,840$841,321$1,104,977
58$1,187,675$904,813$832,483$1,156,326
59$1,270,629$910,960$822,183$1,211,625
60$1,360,843$916,206$810,335$1,271,262
61$1,459,016$920,468$796,849$1,335,668
62$1,565,924$923,659$781,632$1,405,315
63$1,682,416$925,687$764,585$1,480,728
64$1,809,429$926,451$745,604$1,562,482
65$1,947,992$925,849$724,583$1,651,216
66$2,099,240$923,768$701,409$1,747,632
67$2,264,420$920,090$675,964$1,852,507
68$2,444,907$914,691$648,125$1,966,697
69$2,642,213$907,437$617,763$2,091,147
70$2,858,005$898,186$584,744$2,226,901
71$3,094,115$886,791$548,927$2,375,111
72$3,352,563$873,092$510,164$2,537,046
73$3,635,572$856,922$468,302$2,714,110
74$3,945,591$838,102$423,181$2,907,848
75$4,285,317$816,444$374,633$3,119,969
76$4,657,719$791,750$322,483$3,352,356
77$5,066,068$763,807$266,548$3,607,088
78$5,513,967$732,393$206,637$3,886,457
79$6,005,382$697,271$142,550$4,192,994
80$6,544,685$658,192$74,080$4,529,489
81$7,136,690$614,890$1,008$4,899,023
82$7,786,699$567,086$0$5,304,991
83$8,500,555$514,486$0$5,761,817
84$9,284,691$456,775$0$6,263,802
85$10,146,197$393,625$0$6,815,399
86$11,092,883$324,686$0$7,421,672
87$12,133,352$249,590$0$8,088,206
88$13,277,081$167,948$0$8,821,158
89$14,534,514$79,348$0$9,627,314
90$15,917,155$0$0$10,514,159
91$17,437,680$0$0$11,494,889
92$19,110,052$0$0$12,599,562
93$20,949,659$0$0$13,814,776
94$22,973,453$0$0$15,151,739
95$25,200,112$0$0$16,622,799
96$27,650,217$0$0$18,241,563
97$30,346,442$0$0$20,023,023
98$33,313,773$0$0$21,983,699
99$36,579,740$0$0$24,141,790
100$40,174,677$0$0$26,517,353