Can I retire at age 54 with 851,000?

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 $851,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$70,275$69,649$69,038$68,442$67,860$67,235
2 years$34,789$34,142$33,514$32,905$32,314$31,685
3 years$22,963$22,312$21,686$21,082$20,501$19,887
4 years$17,050$16,402$15,782$15,189$14,622$14,027
5 years$13,504$12,859$12,247$11,666$11,115$10,542
6 years$11,140$10,500$9,897$9,330$8,795$8,243
7 years$9,453$8,818$8,225$7,670$7,153$6,623
8 years$8,188$7,559$6,975$6,435$5,934$5,427
9 years$7,204$6,581$6,008$5,481$4,997$4,512
10 years$6,418$5,801$5,238$4,725$4,258$3,794
11 years$5,775$5,164$4,611$4,112$3,662$3,220
12 years$5,240$4,635$4,092$3,607$3,173$2,752
13 years$4,787$4,189$3,656$3,184$2,767$2,367
14 years$4,399$3,808$3,285$2,826$2,426$2,045
15 years$4,064$3,478$2,966$2,521$2,136$1,775
16 years$3,770$3,191$2,689$2,257$1,888$1,545
17 years$3,512$2,939$2,447$2,028$1,674$1,350
18 years$3,282$2,716$2,234$1,828$1,488$1,182
19 years$3,077$2,517$2,045$1,651$1,326$1,037
20 years$2,892$2,339$1,877$1,496$1,185$912
21 years$2,726$2,179$1,726$1,357$1,060$803
22 years$2,574$2,034$1,591$1,234$950$708
23 years$2,436$1,902$1,469$1,124$853$625
24 years$2,310$1,782$1,359$1,025$767$553
25 years$2,194$1,672$1,258$936$690$489
26 years$2,087$1,572$1,167$856$622$433
27 years$1,988$1,479$1,084$784$560$384
28 years$1,897$1,394$1,007$718$506$340
29 years$1,812$1,315$938$658$457$302
30 years$1,732$1,242$873$604$413$268
31 years$1,658$1,174$814$555$373$238
32 years$1,589$1,111$760$510$337$211
33 years$1,524$1,052$709$469$305$188
34 years$1,463$997$663$431$276$167
35 years$1,406$946$620$397$250$149
36 years$1,352$898$580$366$227$132
37 years$1,301$852$542$337$206$118
38 years$1,252$810$508$311$186$105
39 years$1,207$770$476$286$169$93
40 years$1,163$733$446$264$153$83
41 years$1,122$698$418$244$139$74
42 years$1,083$664$392$225$126$66
43 years$1,046$633$368$208$115$59
44 years$1,011$603$346$192$104$52
45 years$977$575$325$177$94$46
46 years$945$549$305$164$86$41
47 years$915$524$286$151$78$37
48 years$886$500$269$140$71$33
49 years$858$478$253$129$64$29
50 years$831$456$238$119$58$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $851,000, adding $3,544 every year, while hoping to spend $36,709 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: 56/32/12 Blend
53$851,000$851,000$851,000$851,000
54$941,458$896,355$883,164$991,130
55$998,428$901,218$873,692$1,030,027
56$1,059,979$905,089$862,672$1,068,038
57$1,126,540$907,881$850,014$1,108,579
58$1,198,580$909,501$835,623$1,151,896
59$1,276,619$909,849$819,400$1,198,264
60$1,361,224$908,822$801,240$1,247,986
61$1,453,023$906,308$781,035$1,301,397
62$1,552,703$902,189$758,671$1,358,869
63$1,661,021$896,339$734,030$1,420,812
64$1,778,812$888,626$706,986$1,487,681
65$1,906,990$878,908$677,410$1,559,977
66$2,046,565$867,037$645,165$1,638,257
67$2,198,646$852,853$610,110$1,723,133
68$2,364,455$836,189$572,095$1,815,286
69$2,545,334$816,868$530,965$1,915,465
70$2,742,764$794,700$486,558$2,024,500
71$2,958,373$769,487$438,705$2,143,309
72$3,193,953$741,018$387,227$2,272,904
73$3,451,477$709,069$331,941$2,414,407
74$3,733,119$673,405$272,652$2,569,054
75$4,041,271$633,775$209,159$2,738,214
76$4,378,566$589,916$141,252$2,923,397
77$4,747,906$541,548$68,710$3,126,272
78$5,152,484$488,375$0$3,348,683
79$5,595,818$430,087$0$3,593,782
80$6,081,782$366,352$0$3,872,163
81$6,614,644$296,823$0$4,177,537
82$7,199,101$221,131$0$4,512,679
83$7,840,331$138,888$0$4,880,654
84$8,544,034$49,683$0$5,284,840
85$9,316,491$0$0$5,728,969
86$10,164,619$0$0$6,233,676
87$11,096,037$0$0$6,807,242
88$12,119,142$0$0$7,437,349
89$13,243,179$0$0$8,129,704
90$14,478,336$0$0$8,890,592
91$15,835,836$0$0$9,726,938
92$17,328,044$0$0$10,646,370
93$18,968,581$0$0$11,657,295
94$20,772,455$0$0$12,768,970
95$22,756,200$0$0$13,991,600
96$24,938,033$0$0$15,336,424
97$27,338,025$0$0$16,815,827
98$29,978,290$0$0$18,443,454
99$32,883,193$0$0$20,234,341
100$36,079,581$0$0$22,205,051