Can I retire at age 54 with 836,000?

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 $836,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$69,036$68,421$67,821$67,236$66,664$64,894
2 years$34,176$33,540$32,923$32,325$31,745$29,974
3 years$22,558$21,919$21,303$20,711$20,140$18,424
4 years$16,750$16,113$15,503$14,921$14,364$12,716
5 years$13,266$12,632$12,031$11,461$10,919$9,343
6 years$10,944$10,315$9,723$9,165$8,640$7,138
7 years$9,286$8,663$8,080$7,535$7,027$5,598
8 years$8,043$7,426$6,852$6,321$5,829$4,474
9 years$7,077$6,465$5,902$5,384$4,909$3,626
10 years$6,305$5,699$5,145$4,641$4,183$2,970
11 years$5,673$5,073$4,530$4,039$3,597$2,453
12 years$5,147$4,554$4,020$3,543$3,117$2,039
13 years$4,703$4,115$3,592$3,128$2,718$1,705
14 years$4,322$3,741$3,227$2,777$2,383$1,431
15 years$3,992$3,417$2,914$2,476$2,098$1,205
16 years$3,704$3,135$2,642$2,217$1,854$1,018
17 years$3,450$2,887$2,404$1,992$1,644$863
18 years$3,224$2,668$2,194$1,795$1,462$732
19 years$3,023$2,473$2,009$1,622$1,303$622
20 years$2,841$2,298$1,844$1,469$1,164$530
21 years$2,678$2,140$1,696$1,333$1,042$452
22 years$2,529$1,998$1,563$1,212$934$385
23 years$2,393$1,869$1,443$1,104$838$329
24 years$2,269$1,751$1,335$1,007$753$281
25 years$2,155$1,643$1,236$920$678$241
26 years$2,050$1,544$1,146$841$611$206
27 years$1,953$1,453$1,065$770$550$176
28 years$1,863$1,369$990$705$497$151
29 years$1,780$1,292$921$647$449$129
30 years$1,702$1,220$858$594$405$111
31 years$1,629$1,153$800$545$366$95
32 years$1,561$1,091$746$501$331$81
33 years$1,497$1,033$697$461$300$70
34 years$1,437$979$651$424$272$60
35 years$1,381$929$609$390$246$51
36 years$1,328$882$569$359$223$44
37 years$1,278$837$533$331$202$38
38 years$1,230$796$499$305$183$32
39 years$1,185$757$468$281$166$28
40 years$1,143$720$438$260$151$24
41 years$1,103$685$411$239$137$20
42 years$1,064$653$385$221$124$18
43 years$1,028$622$362$204$113$15
44 years$993$593$340$188$102$13
45 years$960$565$319$174$93$11
46 years$929$539$299$161$84$10
47 years$899$515$281$148$76$8
48 years$870$491$264$137$69$7
49 years$843$469$248$127$63$6
50 years$816$448$234$117$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $836,000, adding $4,467 every year, while hoping to spend $23,836 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: 51/22/27 Blend
53$836,000$836,000$836,000$836,000
54$925,880$881,572$868,614$965,863
55$994,958$899,407$872,351$1,011,999
56$1,070,284$917,318$875,415$1,059,379
57$1,152,468$935,283$877,757$1,110,427
58$1,242,186$953,277$879,327$1,165,502
59$1,340,178$971,277$880,074$1,225,001
60$1,447,260$989,254$879,941$1,289,360
61$1,564,333$1,007,179$878,870$1,359,062
62$1,692,384$1,025,020$876,802$1,434,639
63$1,832,504$1,042,743$873,672$1,516,677
64$1,985,893$1,060,310$869,413$1,605,824
65$2,153,870$1,077,682$863,955$1,702,793
66$2,337,893$1,094,816$857,225$1,808,371
67$2,539,562$1,111,666$849,146$1,923,428
68$2,760,642$1,128,183$839,637$2,048,921
69$3,003,076$1,144,313$828,614$2,185,907
70$3,269,006$1,160,000$815,988$2,335,550
71$3,560,788$1,175,184$801,668$2,499,137
72$3,881,020$1,189,799$785,555$2,678,085
73$4,232,563$1,203,778$767,550$2,873,958
74$4,618,566$1,217,045$747,544$3,088,479
75$5,042,502$1,229,522$725,429$3,323,551
76$5,508,193$1,241,125$701,087$3,581,271
77$6,019,853$1,251,764$674,398$3,863,952
78$6,582,122$1,261,344$645,234$4,174,145
79$7,200,111$1,269,763$613,462$4,514,662
80$7,879,454$1,276,913$578,945$4,888,605
81$8,626,355$1,282,679$541,536$5,299,395
82$9,447,651$1,286,938$501,086$5,750,803
83$10,350,874$1,289,560$457,434$6,246,989
84$11,344,321$1,290,406$410,416$6,792,539
85$12,437,136$1,289,330$359,859$7,392,508
86$13,639,393$1,286,176$305,584$8,052,472
87$14,962,190$1,280,778$247,400$8,778,580
88$16,417,758$1,272,961$185,112$9,577,607
89$18,019,570$1,262,537$118,514$10,457,028
90$19,782,474$1,249,309$47,392$11,425,081
91$21,722,828$1,233,067$0$12,490,850
92$23,858,659$1,213,590$0$13,672,561
93$26,209,828$1,190,641$0$14,988,148
94$28,798,220$1,163,973$0$16,436,183
95$31,647,951$1,133,319$0$18,030,160
96$34,785,591$1,098,401$0$19,784,946
97$38,240,422$1,058,923$0$21,716,929
98$42,044,707$1,014,572$0$23,844,168
99$46,233,997$965,016$0$26,186,569
100$50,847,467$909,905$0$28,766,065