Can I retire at age 54 with 834,000?

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 $834,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$68,871$68,257$67,659$67,075$66,504$66,168
2 years$34,095$33,460$32,844$32,247$31,669$31,330
3 years$22,504$21,866$21,252$20,661$20,092$19,760
4 years$16,710$16,074$15,466$14,885$14,330$14,008
5 years$13,234$12,602$12,002$11,433$10,893$10,583
6 years$10,918$10,291$9,700$9,143$8,619$8,320
7 years$9,264$8,642$8,061$7,517$7,010$6,722
8 years$8,024$7,408$6,836$6,306$5,815$5,539
9 years$7,060$6,450$5,888$5,371$4,897$4,632
10 years$6,290$5,685$5,133$4,630$4,173$3,919
11 years$5,660$5,061$4,519$4,030$3,589$3,346
12 years$5,135$4,543$4,011$3,535$3,110$2,878
13 years$4,691$4,105$3,583$3,120$2,712$2,491
14 years$4,311$3,732$3,220$2,770$2,377$2,167
15 years$3,982$3,409$2,907$2,470$2,093$1,893
16 years$3,695$3,128$2,635$2,212$1,850$1,659
17 years$3,441$2,880$2,398$1,987$1,640$1,459
18 years$3,216$2,662$2,189$1,791$1,458$1,287
19 years$3,015$2,467$2,004$1,618$1,300$1,137
20 years$2,835$2,292$1,839$1,466$1,161$1,007
21 years$2,671$2,135$1,692$1,330$1,039$894
22 years$2,523$1,993$1,559$1,209$931$794
23 years$2,388$1,864$1,440$1,102$836$706
24 years$2,264$1,746$1,331$1,005$751$629
25 years$2,150$1,639$1,233$918$676$561
26 years$2,045$1,540$1,144$839$609$501
27 years$1,949$1,450$1,062$768$549$447
28 years$1,859$1,366$987$704$496$400
29 years$1,775$1,289$919$645$447$358
30 years$1,698$1,217$856$592$404$320
31 years$1,625$1,151$798$544$366$286
32 years$1,557$1,089$744$500$331$257
33 years$1,494$1,031$695$460$299$230
34 years$1,434$977$649$423$271$206
35 years$1,378$927$607$389$245$185
36 years$1,325$880$568$358$222$166
37 years$1,275$835$532$330$202$149
38 years$1,227$794$498$304$183$134
39 years$1,183$755$466$281$166$120
40 years$1,140$718$437$259$150$108
41 years$1,100$684$410$239$136$97
42 years$1,062$651$385$220$124$87
43 years$1,025$620$361$204$112$78
44 years$991$591$339$188$102$70
45 years$958$564$318$174$93$63
46 years$927$538$299$160$84$57
47 years$897$513$281$148$76$51
48 years$868$490$264$137$69$46
49 years$840$468$248$126$63$41
50 years$814$447$233$117$57$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $834,000, adding $4,575 every year, while hoping to spend $27,928 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: 47/25/28 Blend
53$834,000$834,000$834,000$834,000
54$923,787$879,585$866,658$959,603
55$988,298$892,970$865,976$998,724
56$1,058,453$906,074$864,335$1,038,087
57$1,134,799$918,855$861,673$1,080,278
58$1,217,936$931,266$857,927$1,125,578
59$1,308,525$943,258$853,028$1,174,296
60$1,407,295$954,778$846,904$1,226,776
61$1,515,047$965,770$839,483$1,283,396
62$1,632,661$976,172$830,686$1,344,574
63$1,761,110$985,922$820,430$1,410,773
64$1,901,460$994,949$808,632$1,482,503
65$2,054,889$1,003,182$795,201$1,560,328
66$2,222,691$1,010,541$780,044$1,644,872
67$2,406,293$1,016,944$763,062$1,736,823
68$2,607,264$1,022,303$744,154$1,836,942
69$2,827,332$1,026,524$723,211$1,946,069
70$3,068,403$1,029,507$700,122$2,065,130
71$3,332,573$1,031,146$674,768$2,195,151
72$3,622,151$1,031,327$647,028$2,337,262
73$3,939,679$1,029,931$616,773$2,492,711
74$4,287,960$1,026,831$583,868$2,662,879
75$4,670,078$1,021,892$548,174$2,849,286
76$5,089,432$1,014,970$509,543$3,053,613
77$5,549,764$1,005,914$467,823$3,277,714
78$6,055,198$994,562$422,854$3,523,638
79$6,610,277$980,744$374,467$3,793,642
80$7,220,003$964,278$322,490$4,090,221
81$7,889,888$944,973$266,739$4,416,127
82$8,626,006$922,626$207,023$4,774,397
83$9,435,045$897,021$143,145$5,168,381
84$10,324,375$867,931$74,896$5,601,777
85$11,302,116$835,114$2,060$6,078,665
86$12,377,214$798,316$0$6,603,545
87$13,559,523$757,267$0$7,203,991
88$14,859,902$711,681$0$7,865,000
89$16,290,316$661,257$0$8,592,072
90$17,863,944$605,675$0$9,391,950
91$19,595,312$544,598$0$10,272,068
92$21,500,420$477,669$0$11,240,619
93$23,596,900$404,513$0$12,306,636
94$25,904,179$324,729$0$13,480,077
95$28,443,664$237,899$0$14,771,917
96$31,238,939$143,578$0$16,194,254
97$34,315,994$41,297$0$17,760,427
98$37,703,466$0$0$19,485,137
99$41,432,907$0$0$21,403,691
100$45,539,088$0$0$23,528,680