Can I retire at age 54 with 832,000?

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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$68,706$68,094$67,497$66,914$66,345$65,139
2 years$34,013$33,379$32,765$32,170$31,593$30,382
3 years$22,450$21,814$21,201$20,612$20,044$18,866
4 years$16,670$16,035$15,429$14,850$14,295$13,159
5 years$13,202$12,572$11,974$11,406$10,867$9,777
6 years$10,892$10,266$9,677$9,121$8,599$7,555
7 years$9,242$8,621$8,041$7,499$6,993$5,996
8 years$8,005$7,390$6,820$6,291$5,801$4,851
9 years$7,043$6,434$5,874$5,358$4,886$3,981
10 years$6,275$5,672$5,121$4,619$4,163$3,304
11 years$5,646$5,049$4,508$4,020$3,580$2,765
12 years$5,123$4,532$4,001$3,526$3,103$2,331
13 years$4,680$4,095$3,575$3,113$2,705$1,975
14 years$4,301$3,723$3,212$2,763$2,372$1,682
15 years$3,973$3,401$2,900$2,464$2,088$1,438
16 years$3,686$3,120$2,629$2,207$1,845$1,233
17 years$3,433$2,873$2,392$1,983$1,636$1,060
18 years$3,209$2,655$2,184$1,787$1,455$914
19 years$3,008$2,461$1,999$1,614$1,297$789
20 years$2,828$2,287$1,835$1,462$1,158$683
21 years$2,665$2,130$1,688$1,327$1,037$591
22 years$2,517$1,988$1,555$1,207$929$513
23 years$2,382$1,860$1,436$1,099$834$445
24 years$2,258$1,742$1,328$1,002$750$387
25 years$2,145$1,635$1,230$915$675$336
26 years$2,041$1,537$1,141$837$608$293
27 years$1,944$1,446$1,060$766$548$255
28 years$1,854$1,363$985$702$494$222
29 years$1,771$1,286$917$644$446$194
30 years$1,694$1,214$854$591$403$169
31 years$1,621$1,148$796$542$365$147
32 years$1,553$1,086$743$499$330$128
33 years$1,490$1,028$693$458$299$112
34 years$1,430$975$648$422$270$98
35 years$1,374$925$606$388$245$85
36 years$1,321$878$567$358$222$75
37 years$1,272$833$530$330$201$65
38 years$1,224$792$497$304$182$57
39 years$1,180$753$465$280$165$50
40 years$1,137$717$436$258$150$43
41 years$1,097$682$409$238$136$38
42 years$1,059$650$384$220$123$33
43 years$1,023$619$360$203$112$29
44 years$989$590$338$187$102$25
45 years$956$563$317$173$92$22
46 years$924$537$298$160$84$19
47 years$894$512$280$148$76$17
48 years$866$489$263$137$69$15
49 years$838$467$247$126$63$13
50 years$812$446$232$117$57$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $832,000, adding $4,527 every year, while hoping to spend $48,858 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: 51/21/28 Blend
53$832,000$832,000$832,000$832,000
54$921,534$877,438$864,542$961,057
55$963,545$868,448$841,519$980,088
56$1,008,205$857,379$816,088$995,507
57$1,055,731$844,080$788,116$1,011,314
58$1,106,362$828,386$757,464$1,027,568
59$1,160,360$810,127$723,989$1,044,335
60$1,218,013$789,118$687,538$1,061,694
61$1,279,633$765,169$647,954$1,079,732
62$1,345,567$738,073$605,071$1,098,551
63$1,416,191$707,615$558,718$1,118,266
64$1,491,920$673,566$508,712$1,139,007
65$1,573,209$635,683$454,867$1,160,921
66$1,660,557$593,712$396,985$1,184,176
67$1,754,510$547,381$334,861$1,208,962
68$1,855,671$496,403$268,280$1,235,489
69$1,964,700$440,477$197,018$1,264,000
70$2,082,322$379,283$120,840$1,294,762
71$2,209,334$312,483$39,503$1,328,079
72$2,346,611$239,720$0$1,364,292
73$2,495,116$160,617$0$1,417,911
74$2,655,907$74,777$0$1,488,746
75$2,830,147$0$0$1,565,543
76$3,019,115$0$0$1,653,133
77$3,224,216$0$0$1,767,028
78$3,446,998$0$0$1,890,817
79$3,689,162$0$0$2,025,455
80$3,952,580$0$0$2,171,991
81$4,239,310$0$0$2,331,582
82$4,551,620$0$0$2,505,500
83$4,892,002$0$0$2,695,144
84$5,263,200$0$0$2,902,056
85$5,668,236$0$0$3,127,931
86$6,110,433$0$0$3,374,637
87$6,593,452$0$0$3,644,227
88$7,121,320$0$0$3,938,965
89$7,698,474$0$0$4,261,341
90$8,329,798$0$0$4,614,099
91$9,020,668$0$0$5,000,258
92$9,777,006$0$0$5,423,145
93$10,605,331$0$0$5,886,421
94$11,512,824$0$0$6,394,119
95$12,507,393$0$0$6,950,683
96$13,597,746$0$0$7,561,003
97$14,793,474$0$0$8,230,469
98$16,105,143$0$0$8,965,014
99$17,544,389$0$0$9,771,177
100$19,124,027$0$0$10,656,159