Can I retire at age 54 with 833,000?

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 $833,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$68,788$68,176$67,578$66,994$66,425$65,813
2 years$34,054$33,419$32,805$32,209$31,631$31,015
3 years$22,477$21,840$21,227$20,637$20,068$19,466
4 years$16,690$16,055$15,448$14,867$14,313$13,730
5 years$13,218$12,587$11,988$11,420$10,880$10,319
6 years$10,905$10,278$9,688$9,132$8,609$8,069
7 years$9,253$8,632$8,051$7,508$7,002$6,483
8 years$8,015$7,399$6,828$6,298$5,808$5,312
9 years$7,052$6,442$5,881$5,365$4,892$4,417
10 years$6,282$5,678$5,127$4,625$4,168$3,714
11 years$5,653$5,055$4,514$4,025$3,584$3,152
12 years$5,129$4,537$4,006$3,530$3,106$2,694
13 years$4,686$4,100$3,579$3,117$2,709$2,317
14 years$4,306$3,727$3,216$2,767$2,374$2,002
15 years$3,978$3,405$2,903$2,467$2,091$1,737
16 years$3,691$3,124$2,632$2,209$1,848$1,513
17 years$3,437$2,877$2,395$1,985$1,638$1,321
18 years$3,213$2,658$2,187$1,789$1,457$1,157
19 years$3,012$2,464$2,002$1,616$1,298$1,015
20 years$2,831$2,289$1,837$1,464$1,160$892
21 years$2,668$2,133$1,690$1,329$1,038$786
22 years$2,520$1,991$1,557$1,208$930$693
23 years$2,385$1,862$1,438$1,100$835$612
24 years$2,261$1,744$1,330$1,003$751$541
25 years$2,148$1,637$1,232$916$675$479
26 years$2,043$1,539$1,142$838$608$424
27 years$1,946$1,448$1,061$767$549$376
28 years$1,857$1,364$986$703$495$333
29 years$1,773$1,287$918$644$447$296
30 years$1,696$1,216$855$591$404$262
31 years$1,623$1,149$797$543$365$233
32 years$1,555$1,087$744$499$330$207
33 years$1,492$1,030$694$459$299$184
34 years$1,432$976$649$422$271$164
35 years$1,376$926$606$389$245$145
36 years$1,323$879$567$358$222$129
37 years$1,273$834$531$330$201$115
38 years$1,226$793$497$304$182$102
39 years$1,181$754$466$280$165$91
40 years$1,139$717$437$259$150$81
41 years$1,099$683$409$239$136$72
42 years$1,061$650$384$220$124$64
43 years$1,024$620$360$203$112$57
44 years$990$591$338$188$102$51
45 years$957$563$318$173$92$45
46 years$925$537$298$160$84$40
47 years$895$513$280$148$76$36
48 years$867$490$263$137$69$32
49 years$839$467$248$126$63$29
50 years$813$447$233$117$57$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $833,000, adding $4,127 every year, while hoping to spend $56,864 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: 47/34/19 Blend
53$833,000$833,000$833,000$833,000
54$922,223$878,074$865,163$960,416
55$955,787$860,597$833,643$969,973
56$990,868$840,357$799,161$974,288
57$1,027,562$817,160$761,558$977,776
58$1,065,971$790,799$720,668$980,382
59$1,106,207$761,054$676,316$982,052
60$1,148,388$727,694$628,321$982,729
61$1,192,646$690,474$576,493$982,358
62$1,239,124$649,134$520,633$980,881
63$1,287,974$603,401$460,533$978,237
64$1,339,364$552,984$395,978$974,370
65$1,393,476$497,578$326,740$969,218
66$1,450,509$436,858$252,585$962,724
67$1,510,679$370,482$173,264$954,829
68$1,574,220$298,088$88,521$945,476
69$1,641,391$219,294$0$934,608
70$1,712,472$133,698$0$922,561
71$1,787,767$40,873$0$928,072
72$1,867,613$0$0$933,189
73$1,952,373$0$0$960,241
74$2,042,449$0$0$1,005,289
75$2,138,277$0$0$1,053,266
76$2,240,335$0$0$1,104,418
77$2,349,148$0$0$1,159,014
78$2,465,289$0$0$1,217,351
79$2,589,387$0$0$1,279,751
80$2,722,131$0$0$1,346,571
81$2,864,277$0$0$1,418,199
82$3,016,654$0$0$1,495,063
83$3,180,169$0$0$1,577,632
84$3,355,822$0$0$1,666,420
85$3,544,706$0$0$1,761,992
86$3,748,023$0$0$1,864,969
87$3,967,095$0$0$1,976,032
88$4,203,370$0$0$2,095,930
89$4,458,442$0$0$2,225,485
90$4,734,061$0$0$2,365,602
91$5,032,149$0$0$2,517,274
92$5,354,822$0$0$2,681,593
93$5,704,403$0$0$2,859,761
94$6,083,449$0$0$3,053,098
95$6,494,769$0$0$3,263,057
96$6,941,453$0$0$3,491,237
97$7,426,903$0$0$3,739,394
98$7,954,857$0$0$4,009,463
99$8,529,430$0$0$4,303,571
100$9,155,150$0$0$4,624,060