Can I retire at age 54 with 850,000?

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 $850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$70,192$69,567$68,957$68,362$67,780$65,928
2 years$34,749$34,101$33,474$32,866$32,276$30,424
3 years$22,936$22,286$21,660$21,058$20,477$18,682
4 years$17,030$16,382$15,763$15,171$14,605$12,881
5 years$13,488$12,844$12,233$11,653$11,102$9,455
6 years$11,127$10,488$9,886$9,319$8,785$7,215
7 years$9,442$8,808$8,215$7,661$7,144$5,653
8 years$8,178$7,550$6,967$6,427$5,927$4,512
9 years$7,196$6,574$6,001$5,474$4,991$3,652
10 years$6,410$5,794$5,232$4,719$4,253$2,988
11 years$5,768$5,158$4,606$4,107$3,658$2,465
12 years$5,234$4,630$4,088$3,602$3,170$2,046
13 years$4,781$4,184$3,652$3,180$2,764$1,708
14 years$4,394$3,803$3,281$2,823$2,423$1,432
15 years$4,059$3,474$2,963$2,518$2,133$1,205
16 years$3,766$3,188$2,686$2,254$1,885$1,016
17 years$3,507$2,936$2,444$2,026$1,672$859
18 years$3,278$2,713$2,231$1,825$1,486$728
19 years$3,073$2,514$2,043$1,649$1,325$618
20 years$2,889$2,336$1,875$1,494$1,183$526
21 years$2,722$2,176$1,724$1,356$1,059$447
22 years$2,571$2,031$1,589$1,233$949$381
23 years$2,433$1,900$1,467$1,123$852$325
24 years$2,307$1,780$1,357$1,024$766$277
25 years$2,191$1,670$1,257$935$689$237
26 years$2,085$1,570$1,166$855$621$202
27 years$1,986$1,478$1,082$783$560$173
28 years$1,894$1,392$1,006$717$505$148
29 years$1,809$1,313$936$658$456$126
30 years$1,730$1,240$872$603$412$108
31 years$1,656$1,173$813$554$373$93
32 years$1,587$1,109$759$509$337$79
33 years$1,522$1,051$708$468$305$68
34 years$1,461$996$662$431$276$58
35 years$1,404$945$619$397$250$50
36 years$1,350$897$579$365$227$43
37 years$1,299$851$542$337$205$36
38 years$1,251$809$507$310$186$31
39 years$1,205$769$475$286$169$27
40 years$1,162$732$446$264$153$23
41 years$1,121$697$418$243$139$20
42 years$1,082$664$392$225$126$17
43 years$1,045$632$368$207$114$14
44 years$1,010$603$345$192$104$12
45 years$976$575$324$177$94$11
46 years$944$548$304$163$86$9
47 years$914$523$286$151$78$8
48 years$885$500$269$139$71$7
49 years$857$477$253$129$64$6
50 years$830$456$238$119$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $850,000, adding $4,093 every year, while hoping to spend $36,402 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: 71/7/22 Blend
53$850,000$850,000$850,000$850,000
54$940,922$895,872$882,697$1,002,327
55$998,165$901,038$873,536$1,048,986
56$1,060,026$905,238$862,848$1,095,367
57$1,126,938$908,384$850,543$1,145,259
58$1,199,378$910,387$836,528$1,199,006
59$1,277,868$911,149$820,705$1,256,988
60$1,362,982$910,567$802,970$1,319,622
61$1,455,353$908,532$783,217$1,387,373
62$1,555,677$904,927$761,332$1,460,750
63$1,664,717$899,630$737,198$1,540,316
64$1,783,316$892,510$710,693$1,626,691
65$1,912,400$883,428$681,686$1,720,560
66$2,052,986$872,238$650,044$1,822,680
67$2,206,196$858,783$615,626$1,933,884
68$2,373,263$842,899$578,285$2,055,091
69$2,555,546$824,410$537,866$2,187,317
70$2,754,537$803,132$494,211$2,331,680
71$2,971,883$778,869$447,150$2,489,416
72$3,209,395$751,413$396,509$2,661,886
73$3,469,065$720,544$342,104$2,850,593
74$3,753,090$686,031$283,745$3,057,193
75$4,063,886$647,627$221,231$3,283,516
76$4,404,115$605,073$154,355$3,531,576
77$4,776,706$558,094$82,898$3,803,597
78$5,184,889$506,399$6,633$4,102,032
79$5,632,216$449,681$0$4,429,584
80$6,122,602$387,616$0$4,806,786
81$6,660,359$319,860$0$5,222,180
82$7,250,234$246,052$0$5,677,897
83$7,897,458$165,808$0$6,177,999
84$8,607,791$78,725$0$6,726,964
85$9,387,579$0$0$7,329,726
86$10,243,812$0$0$7,992,922
87$11,184,190$0$0$8,727,998
88$12,217,194$0$0$9,535,526
89$13,352,171$0$0$10,422,815
90$14,599,412$0$0$11,397,920
91$15,970,260$0$0$12,469,713
92$17,477,208$0$0$13,647,968
93$19,134,021$0$0$14,943,456
94$20,955,865$0$0$16,368,040
95$22,959,447$0$0$17,934,793
96$25,163,176$0$0$19,658,117
97$27,587,334$0$0$21,553,880
98$30,254,268$0$0$23,639,566
99$33,188,600$0$0$25,934,438
100$36,417,458$0$0$28,459,722