Can I retire at age 54 with 835,000?

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 $835,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$68,954$68,339$67,740$67,155$66,584$66,137
2 years$34,135$33,500$32,884$32,286$31,707$31,256
3 years$22,531$21,892$21,278$20,686$20,116$19,675
4 years$16,730$16,093$15,485$14,903$14,347$13,919
5 years$13,250$12,617$12,017$11,447$10,906$10,494
6 years$10,931$10,303$9,711$9,154$8,630$8,232
7 years$9,275$8,652$8,070$7,526$7,018$6,637
8 years$8,034$7,417$6,844$6,314$5,822$5,456
9 years$7,069$6,458$5,895$5,378$4,903$4,552
10 years$6,297$5,692$5,139$4,636$4,178$3,842
11 years$5,666$5,067$4,525$4,034$3,593$3,273
12 years$5,141$4,548$4,015$3,539$3,114$2,808
13 years$4,697$4,110$3,588$3,124$2,715$2,424
14 years$4,317$3,736$3,223$2,773$2,380$2,103
15 years$3,987$3,413$2,910$2,473$2,096$1,832
16 years$3,699$3,131$2,639$2,215$1,852$1,602
17 years$3,446$2,884$2,401$1,990$1,642$1,405
18 years$3,220$2,665$2,192$1,793$1,460$1,235
19 years$3,019$2,470$2,007$1,620$1,302$1,089
20 years$2,838$2,295$1,841$1,467$1,163$961
21 years$2,674$2,138$1,694$1,332$1,040$850
22 years$2,526$1,995$1,561$1,211$933$753
23 years$2,390$1,866$1,441$1,103$837$668
24 years$2,267$1,749$1,333$1,006$752$593
25 years$2,153$1,641$1,235$919$677$527
26 years$2,048$1,542$1,145$840$610$469
27 years$1,951$1,451$1,063$769$550$418
28 years$1,861$1,368$989$704$496$372
29 years$1,778$1,290$920$646$448$332
30 years$1,700$1,218$857$593$405$296
31 years$1,627$1,152$799$544$366$264
32 years$1,559$1,090$745$500$331$236
33 years$1,495$1,032$696$460$300$211
34 years$1,436$978$650$423$271$188
35 years$1,379$928$608$390$246$168
36 years$1,326$881$569$359$223$150
37 years$1,276$836$532$331$202$135
38 years$1,229$795$498$305$183$120
39 years$1,184$756$467$281$166$108
40 years$1,142$719$438$259$150$96
41 years$1,101$685$410$239$136$86
42 years$1,063$652$385$221$124$77
43 years$1,027$621$361$204$112$69
44 years$992$592$339$188$102$62
45 years$959$565$318$174$93$55
46 years$928$539$299$160$84$50
47 years$898$514$281$148$76$44
48 years$869$491$264$137$69$40
49 years$842$469$248$127$63$36
50 years$815$448$233$117$57$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $835,000, adding $3,513 every year, while hoping to spend $32,431 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: 65/28/7 Blend
53$835,000$835,000$835,000$835,000
54$923,794$879,539$866,596$982,447
55$983,514$888,130$861,121$1,030,493
56$1,048,239$896,055$854,375$1,078,785
57$1,118,445$903,247$846,282$1,130,692
58$1,194,656$909,635$836,762$1,186,565
59$1,277,447$915,143$825,729$1,246,786
60$1,367,452$919,691$813,097$1,311,780
61$1,465,368$923,192$798,772$1,382,014
62$1,571,963$925,556$782,658$1,458,004
63$1,688,080$926,684$764,653$1,540,319
64$1,814,647$926,475$744,653$1,629,585
65$1,952,688$924,819$722,545$1,726,496
66$2,103,327$921,600$698,215$1,831,815
67$2,267,802$916,694$671,540$1,946,384
68$2,447,476$909,970$642,396$2,071,131
69$2,643,850$901,291$610,648$2,207,082
70$2,858,577$890,508$576,158$2,355,366
71$3,093,475$877,466$538,783$2,517,231
72$3,350,547$861,999$498,369$2,694,053
73$3,631,999$843,933$454,761$2,887,347
74$3,940,259$823,083$407,792$3,098,788
75$4,278,003$799,251$357,290$3,330,222
76$4,648,175$772,230$303,076$3,583,684
77$5,054,020$741,801$244,960$3,861,421
78$5,499,111$707,730$182,747$4,165,908
79$5,987,383$669,771$116,231$4,499,879
80$6,523,170$627,664$45,200$4,866,346
81$7,111,248$581,134$0$5,268,632
82$7,756,875$529,890$0$5,712,688
83$8,465,845$473,623$0$6,204,021
84$9,244,540$412,009$0$6,743,729
85$10,099,989$344,704$0$7,336,745
86$11,039,939$271,345$0$7,988,512
87$12,072,920$191,548$0$8,705,027
88$13,208,333$104,909$0$9,492,905
89$14,456,533$11,000$0$10,359,438
90$15,828,930$0$0$11,312,666
91$17,338,093$0$0$12,389,377
92$18,997,871$0$0$13,577,334
93$20,823,521$0$0$14,884,077
94$22,831,856$0$0$16,321,645
95$25,041,398$0$0$17,903,306
96$27,472,555$0$0$19,643,677
97$30,147,813$0$0$21,558,865
98$33,091,949$0$0$23,666,615
99$36,332,262$0$0$25,986,481
100$39,898,833$0$0$28,540,009