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%14.8%
1 years$70,192$69,567$68,957$68,362$67,780$66,439
2 years$34,749$34,101$33,474$32,866$32,276$30,931
3 years$22,936$22,286$21,660$21,058$20,477$19,169
4 years$17,030$16,382$15,763$15,171$14,605$13,344
5 years$13,488$12,844$12,233$11,653$11,102$9,893
6 years$11,127$10,488$9,886$9,319$8,785$7,628
7 years$9,442$8,808$8,215$7,661$7,144$6,041
8 years$8,178$7,550$6,967$6,427$5,927$4,876
9 years$7,196$6,574$6,001$5,474$4,991$3,992
10 years$6,410$5,794$5,232$4,719$4,253$3,304
11 years$5,768$5,158$4,606$4,107$3,658$2,759
12 years$5,234$4,630$4,088$3,602$3,170$2,319
13 years$4,781$4,184$3,652$3,180$2,764$1,961
14 years$4,394$3,803$3,281$2,823$2,423$1,665
15 years$4,059$3,474$2,963$2,518$2,133$1,419
16 years$3,766$3,188$2,686$2,254$1,885$1,214
17 years$3,507$2,936$2,444$2,026$1,672$1,041
18 years$3,278$2,713$2,231$1,825$1,486$894
19 years$3,073$2,514$2,043$1,649$1,325$770
20 years$2,889$2,336$1,875$1,494$1,183$664
21 years$2,722$2,176$1,724$1,356$1,059$573
22 years$2,571$2,031$1,589$1,233$949$496
23 years$2,433$1,900$1,467$1,123$852$429
24 years$2,307$1,780$1,357$1,024$766$372
25 years$2,191$1,670$1,257$935$689$322
26 years$2,085$1,570$1,166$855$621$279
27 years$1,986$1,478$1,082$783$560$243
28 years$1,894$1,392$1,006$717$505$211
29 years$1,809$1,313$936$658$456$183
30 years$1,730$1,240$872$603$412$159
31 years$1,656$1,173$813$554$373$138
32 years$1,587$1,109$759$509$337$120
33 years$1,522$1,051$708$468$305$105
34 years$1,461$996$662$431$276$91
35 years$1,404$945$619$397$250$79
36 years$1,350$897$579$365$227$69
37 years$1,299$851$542$337$205$60
38 years$1,251$809$507$310$186$52
39 years$1,205$769$475$286$169$45
40 years$1,162$732$446$264$153$40
41 years$1,121$697$418$243$139$34
42 years$1,082$664$392$225$126$30
43 years$1,045$632$368$207$114$26
44 years$1,010$603$345$192$104$23
45 years$976$575$324$177$94$20
46 years$944$548$304$163$86$17
47 years$914$523$286$151$78$15
48 years$885$500$269$139$71$13
49 years$857$477$253$129$64$11
50 years$830$456$238$119$58$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $850,000, adding $5,445 every year, while hoping to spend $43,602 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: 57/26/17 Blend
53$850,000$850,000$850,000$850,000
54$942,317$897,267$884,092$991,528
55$992,041$894,840$867,316$1,023,135
56$1,045,375$890,834$848,518$1,052,353
57$1,102,643$885,124$827,582$1,083,204
58$1,164,196$877,579$804,391$1,115,855
59$1,230,425$868,061$778,818$1,150,490
60$1,301,754$856,422$750,734$1,187,313
61$1,378,652$842,506$720,004$1,226,552
62$1,461,634$826,148$686,483$1,268,460
63$1,551,264$807,173$650,024$1,313,318
64$1,648,164$785,395$610,470$1,361,439
65$1,753,016$760,618$567,660$1,413,170
66$1,866,569$732,635$521,422$1,468,894
67$1,989,650$701,225$471,581$1,529,039
68$2,123,165$666,155$417,949$1,594,080
69$2,268,111$627,180$360,334$1,664,541
70$2,425,586$584,039$298,532$1,741,006
71$2,596,796$536,457$232,333$1,824,119
72$2,783,069$484,144$161,517$1,914,599
73$2,985,866$426,791$85,852$2,013,237
74$3,206,795$364,074$5,098$2,120,914
75$3,447,624$295,650$0$2,238,601
76$3,710,301$221,156$0$2,382,086
77$3,996,967$140,208$0$2,539,798
78$4,309,982$52,403$0$2,712,180
79$4,651,943$0$0$2,900,749
80$5,025,707$0$0$3,119,389
81$5,434,422$0$0$3,374,939
82$5,881,553$0$0$3,654,583
83$6,370,915$0$0$3,960,715
84$6,906,710$0$0$4,295,974
85$7,493,563$0$0$4,663,264
86$8,136,570$0$0$5,065,785
87$8,841,342$0$0$5,507,059
88$9,614,058$0$0$5,990,967
89$10,461,524$0$0$6,521,782
90$11,391,237$0$0$7,104,212
91$12,411,454$0$0$7,743,442
92$13,531,269$0$0$8,445,183
93$14,760,702$0$0$9,215,727
94$16,110,789$0$0$10,062,005
95$17,593,686$0$0$10,991,650
96$19,222,785$0$0$12,013,074
97$21,012,841$0$0$13,135,541
98$22,980,107$0$0$14,369,260
99$25,142,488$0$0$15,725,476
100$27,519,712$0$0$17,216,579